South Korea’s international passenger traffic up 12.4%
Published: May 1, 2012
South Korea’s international passenger traffic jumped 12.4% in the first quarter, to a record 11.4 million from 10.1 million in the year-ago period, the Yonhap News Agency has reported, citing the Ministry of Land, Transport and Maritime Affairs.
Air cargo traffic dipped 1.9% from a year earlier, due to a decline in shipments of information technology (IT) products, according to another report cited by the agency.
Cargo traffic increased 1.98% to 857,000 tonnes, compared to 874,000 tonnes in the year-ago quarter, according to the Ministry of Land, Transport and Maritime Affairs.
“The drop resulted mainly from decreased international air cargo volume, which slipped 2.9% year-on-year to 783,000 tonnes. Domestic air cargo gained 9.6% to 74,000 tonnes,” Yonhap said.
The ministry predicts air cargo traffic will maintain a downward trend in the second quarter because of the slow economic recovery of South Korea’s major trading partners such as China and the European Union.