South Korean travel agencies asked for government relief after its annual sales plummetted over 80 percent last year.
According to a task force formed to tackle the crisis, the travel agencies can no longer shoulder fixed costs because of mounting debts, even after driving employees out of their workplaces.
The task force added that the travel agencies are on "the brink of collapse" and need relief funds and compensation equivalent to those to allocated to small businesses ordered to close or cut down operations.
Among their requests is for the government to relax its 14-day self-quarantine order for those arriving from abroad.
Sales by members of the Korea Association of Travel Agents decreased 83.7 percent to 2.06 trillion won in 2020 from the previous year due to the pandemic's effect on the tourism industry.
Around 48,000 people in the travel industry have either lost their jobs or forced to take leaves of absence, according to a survey on 17,664 travel agents nationwide between September and October.


FDA Limits Regulation of Wearable Devices and Wellness Software, Boosting Health Tech Industry
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes
Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability
Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer
Hyundai Motor Shares Surge on Nvidia Partnership Speculation
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026
South Korea Factory Output Misses Forecasts in November Amid Ongoing Economic Uncertainty
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade
U.S. Stock Futures Slip as Year-End Trading Turns Cautious
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026
BESI Reports Strong Q4-25 Orders Surge Driven by Data Center and Hybrid Bonding Demand
Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026
South Korea Exports Hit Record High as Global Trade Momentum Builds 



