South Korea's Travel Account Posts Surplus for Third Consecutive Month

South Korea's travel account has been in the black for three months straight, thanks to more foreign tourists.

In May, the country made $220.5 million more from tourism than it spent.

This is a big deal because for the past six years, South Korea had been spending more on travel than it earned.

More people from other countries are visiting South Korea, and they're spending a lot of money there.

At the same time, fewer South Koreans are traveling abroad because plane tickets are more expensive.

Also, pension funds in South Korea, like the National Pension Service, have started buying more local stocks this year after selling them for a while.