(Seoul = Yonhap News) Reporter Song Eun-kyung = The Chinese government stopped issuing short-term visas to Koreans in retaliation for South Korea’s stronger quarantine measures, but on the 11th, re-opened related items such as flights, travel and rebound cosmetics .
On this day, in the stock market, LG Household & Health Care[051900](3.36%), Amorepacific[090430](2.86%), Kolmar Korea[161890](1.54%), Cosmax[192820](0.53%) and others closed higher than the previous trading day.
The stock price fell the day before when news was reported of the Chinese government’s suspension of issuing visas for immigrants from Korea, but it is interpreted to have shown a strong performance on this day due to the influx of counter-buying.
Jin Air (2.67%), T’way Air (1.44%), Asiana Airlines (0.36%), and Jeju Air (0.34%) also rose or finished the deal in strong convergence. Korean Air closed the market at 23,700 won, the same as the previous trading day’s closing price.
Travel, duty-free, and tourism stocks such as Paradise (2.91%), GKL (1.58%), Modetour (1.89%), and Hotel Shilla (0.12%) also rose.
The Chinese Embassy in Korea announced the day before, “In accordance with Chinese domestic instructions, the Chinese Embassy and Consulate General in Korea will suspend the issuance of short-term visas for Korean nationals visiting China, including visits, commercial trade, tourism, medical and general personal circumstances, from today.”
The embassy added, “The above will be adjusted depending on the situation in which Korea cancels its discriminatory access restrictions against China.”
norae@yna.co.kr
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2023/01/11 15:41 Sent