Korean travel agencies are facing challenges despite an increase in overseas travel. Yellow Balloon has announced its second ‘Refresh Vacation’, an unpaid leave system, since 2019, which the company insists is a voluntary welfare measure. Kowon Tour has reduced its workforce by about 50 people, while NOL Interpark Tour has restructured its package division. Despite these measures, the agencies are optimistic about future performance, with Yellow Balloon turning a profit in the first quarter and Kowon Tour expecting sales growth.
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Auto-posted at: 2025-05-28 21:02:01