In this recession where people are not spending money around the world, well here in Korea they are and a lot, especially in Seoul. However, most of that money is coming out of Japanese-owned wallets.
The funny thing is that even though the Japanese economy is emerging from recession, consumers are just not in the mood to spend in Japan. Therefore, they have been coming all the way to South Korea where their precious yen goes a lot further, actually.
Here's CNN's Kyung Lah's great report on this new data:
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