Key Market Indicators
Korean Tourist Arrivals are projected to hit approximately 22.6 million by 2028, up from around 19.1 million in 2023. This marks an average annual growth rate of 2.7%. Since the year 2000, demand for Korean tourism has experienced an average yearly increase of 4.5%. Meanwhile, Korean Tourism Receipts are expected to climb to about $41.5 billion by 2028, rising from roughly $37.7 billion in 2023. The compound annual growth rate (CAGR) for this period is estimated at 1.5%. However, since 2000, the Korean market has seen a slight decline, averaging a 0.2% decrease each year.
Latest reports
South Korea Tourism Market Report- Q1 2025
The first quarter of 2025 witnessed dynamic changes in the Tourism South Korea market, driven by various economic and geopolitical factors. Inbound tourism...
South Korea Tourism Market Report- Q4 2024
In the fourth quarter of 2024, South Korea's tourism market demonstrated dynamic shifts influenced by several key factors. The introduction of visa-free travel...
South Korea Tourism Market Report - Q4 2024
In the fourth quarter of 2024, South Korea's tourism industry is experiencing a dynamic period of growth and transformation. This is driven by...
