How Important Is Tourism to South Korea?

By Michael Ferguson

South Korea, a country in East Asia, has been gaining popularity as a tourist destination in recent years. With its unique cultural heritage, stunning natural landscapes, and modern cities, South Korea has become one of the most visited countries in the world. In this article, we will explore how important tourism is to South Korea’s economy and society.

The Importance of Tourism to South Korea

Tourism is a crucial part of South Korea’s economy, accounting for around 5% of the country’s GDP. The country has been investing heavily in promoting tourism and developing its infrastructure to attract more visitors from around the world. As a result, the number of foreign tourists visiting South Korea has been steadily increasing over the years.

How Many Tourists Visit South Korea?

In 2019, South Korea welcomed over 17 million foreign tourists, which was a record number for the country. The majority of these visitors came from China, followed by Japan and Southeast Asian countries.

  • China: 4.1 million
  • Japan: 2.9 million
  • Southeast Asian countries: 5 million

The Impact of Tourism on South Korea’s Economy

Tourism plays a significant role in the growth of South Korea’s economy. It creates job opportunities for locals and generates revenue for various industries such as hospitality, transportation, retail, and entertainment.

According to a report by the World Travel & Tourism Council (WTTC), travel and tourism generated KRW49 trillion (USD43 billion) in South Korea’s economy in 2018. This figure is expected to rise further as the number of tourists increases.

The Benefits of Tourism for South Korean Society

Tourism not only benefits the economy but also has several positive impacts on society. It promotes cultural exchange and understanding between different nations, helps preserve the country’s cultural heritage and traditions, and creates a sense of pride among the locals.

South Korea has a rich history and culture that dates back thousands of years. The country has several UNESCO World Heritage sites, including the Gyeongju Historic Areas, Changdeokgung Palace Complex, and Jeju Volcanic Island and Lava Tubes. These sites attract millions of tourists every year, creating awareness about South Korea’s unique heritage and contributing to its preservation.

Conclusion

In conclusion, tourism is a vital part of South Korea’s economy and society. It generates revenue for various industries, creates job opportunities for locals, promotes cultural exchange, and helps preserve the country’s cultural heritage. With its continued efforts to promote tourism, South Korea is well on its way to becoming one of the top tourist destinations in the world.