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  • Second Most Prolific Host of International Conferences in the World, Among Top 20 Countries in Tourism Competitiveness Close
    Second Most Prolific Host of International Conferences in the World, Among Top 20 Countries in Tourism Competitiveness
    Korea is a place where people from all over the world gather. According to the Union of International Associations (UIA), Korea hosted 1,113 international conferences in 2019,
    making it the world’s second most prolific host of international conferences. In the Travel and Tourism Competitiveness Report of the World Economic Forum (WEF),
    Korea ranked 16th out of 140 countries. Shopping experiences in Korea have attracted more foreign tourists,
    resulting in tourism revenue reaching USD 21.6 billion in 2019, up 16.5% YoY.
    "Number of International Conferences in Korea and the Ranking"
    Please refer to the information below Large view of images
    Number of International Conferences in Korea and the Ranking
    Category 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
    293(12) 347(11) 464(8) 469(6) 563(5) 635(3) 636(4) 891(2) 997(1) 1,297(1) 890(2) 1,113(2)
    ※ Source: Union of International Associations (UIA), June 2019
    ※ Numbers in parenthesis are Korea’s ranking each year, which is updated after every June.
    "Tourism Revenue of Major Countries (2019)"
    Please refer to the information below
    (2019)
    • 영국 49.9 billion(7.4%)
    • 일본 46.1billion(8.0%)
    • 독일 41.6billion(2.2%)
    • 중국 35.8billion(-7.3%)
    • 홍콩 29.0billion(-21.3%)
    • 한국 21.6billion(16.5%)
    • 싱가포르 20.1billion(-0.7%)
    • 스위스 17.1billion(2.4%)
    • 스웨덴 15.2billion(11.3%)
    • 벨기에 8.9billion(5.2%)
    • 덴마크 8.8billion(2.7%)
    • 브라질 5.9 billion (-0.1%)
    Large view of images
    ※ Source: World Tourism Organization (UNWTO), UNWTO Tourism Barometer (May 2020 Edition)
    ※ Unit: USD; Percentage on the right shows a percentage change YoY.
  • Increasing Number of Foreign Tourists in Korea Open
    Increasing Number of Foreign Tourists in Korea
    The number of foreign tourists who visited Korea increased 7.9% annually on average from 2010 to 2019.
    While 8.79 million foreign tourists visited Korea in 2010, the number jumped to 17.50 million in 2019,
    the highest on record in the last decade. Most foreign tourists visited for leisure/entertainment/relaxation (67.8%),
    and the most important consideration when choosing Korea (duplicate responses accepted) was shopping (66.2%).
    "Number of Foreign Tourists in Korea"
    Please refer to the information below
    (Unit: 1,000 people, USD)
    Number of Foreign Tourists in Korea
    2010 2011 2012 2013 2014 2015 2015 2017 2018 2019
    8,789 9,795 11,140 12,176 14,202 13,232 17,242 13,336 15,347 17,503
    Large view of images
    ※ Source: Korea Tourism Organization, “Statistics of Tourism”
  • More International Companies Enter the Korean Market Multi-Purpose Shopping Malls and Resorts Open
    Multi-Purpose Shopping Malls and Resorts More International Companies Enter the Korean Market
    The investment of global companies in Korea mostly focused on hotels, food and beverage,
    and entertainment in the past, but recently it has been expanding to multi-purpose shopping malls and resorts.
    Taubman, a US-based shopping mall developer and operator, made a joint investment through its subsidiary company,
    Taubman Asia, with Shinsegae Property under Shinsegae Group and successfully completed the Starfield Hanam shopping mall in September 2016 and opened the Starfield Anseong mall in October 2020.
    Sega Sammy Holdings, a Japanese entertainment company, worked with Korea’s Paradise Group to open Paradise City, the first multi-resort in Northeast Asia, on Yeongjong-do, Incheon.
    Greenland Group, the largest real estate developer in China, collaborated with Lotte Tour Development of Korea to develop Dream Tower, a multi-resort in Jeju.
    "Shopping Mall and Resort Joint Venture between International and Korean Companies"
    Taubman Asia  - Shinsegae Property(Shopping mall Starfield), Sega Sammy Holdings  - Paradise Group(Multi-resort Paradise City Incheon), Greenland Group - Lotte Tour Development(Multi-resort Jeju Dream Tower ) Large view of images
  • Expansion of Tourism Belt and Marina Port Open
    Expansion of Tourism Belt and Marina Port
    The Ministry of Culture, Sports and Tourism of Korea established the third Tourism Development Basic Plan in 2010,
    which included a tourism development policy direction and promotion strategies for more efficient development and management of tourism resources.
    The Ministry of Oceans and Fisheries of Korea developed the first Marina Port Basic Plan in 2010 and has designated hub marina ports and constructed infrastructure since that time. The second Marina Port Basic Plan was released in 2020,
    which consists of initiatives to create marinas in regional hub ports and expand private investment. As of 2020, Korea operated eight marina ports and plans to build seventy additional marina ports by 2029 under the second basic plan.
    "Regional Tourism Area"
    Please refer to the information below
    • Northeast Asia tourism hub
      • Seoul: Global tourist city
      • Incheon: Creative marine tourist city
      • Gyeonggi: Metropolitan tourist attractions
    • 생태 • 웰빙관광 및 동계 스포츠 메카
    • Convergence between science and tourism
      • Daejeon: Special area for science-themed tourism
      • Chungcheongbuk-do: Korean style well-being tourism
      • Chungcheongnam-do: Traditional culture, marine tourism
    • Hub of historical tourism
      • Daegu: The hub of three cultural areas
      • Gyeongsangbuk-do: The three cultural areas, ecological tourism
    • Center of cultural tourism
      • Gwangju: Culture and arts tourism city
      • Jeollabuk-do: Saemangeum international tourism hub
      • Jeollanam-do: Namdo (southern province) culture and marine tourism
    • 해양·레저 크루즈지역
      • Busan: Marine leisure city
      • Ussan: Theme tourist city
      • Gyeongsangnam-do: Vacation spot for the four seasons
    • 자연유산관광 및 MICE 산업의 중심
    Large view of images
    ※ Source: Ministry of Culture, Sports and Tourism (2011), Third Tourism Development Basic Plan
    "Status of Marina Ports and Location of Future Projects"
    Please refer to the information below
    Status of Marina Ports and Location of Future Projects
    현황 개소 지역
    해수면 마리나항만 예정구역 위치 55
    • 영종
    • 인천
    • 시화호
    • 덕적도
    • 방아머리
    • 왜목
    • 전곡
    • 창리
    • 안흥
    • 원산도
    • 흥원
    • 비응
    • 고군산
    • 목포
    • 화원
    • 진도항
    • 완도
    • 소호
    • 웅천
    • 남열
    • 여수엑스포
    • 광양항
    • 삼천포
    • 하동
    • 당항포
    • 충무
    • 동환
    • 다대포
    • 지세포
    • 부산북항
    • 수영만
    • 동암
    • 해운대
    • 감포
    • 양포
    • 두호
    • 강구
    • 강릉
    • 수산항
    • 속초
    • 김녕
    • 도두
    • 이호
    • 회순
    • 강정
    • 송도동
    • 보령복합
    • 궁항
    • 황화도
    • 신전항
    • 근포
    • 당사항
    • 나정
    • 한섬
    • 신창
    내수면 마리나항만 예정구역 위치 15
    • 인천터미널
    • 서울
    • 의암호
    • 반달섬
    • 충주호
    • 단양호
    • 청풍호
    • 탑정호
    • 심포
    • 영암호
    • 을숙도
    • 삼락
    • 대동
    • 화명
    • 형산강
    마리나항만 구역 8
    • 김포
    • 왕산
    • 제부
    • 목포
    • 충무
    • 진해명동
    • 후포
    • 중문
    78
    Large view of images
    ※ Source: Ministry of Oceans and Fisheries (2020), Second Marina Port Basic Plan.
  • Major Projects Introduce Open
    Major Projects Introduce
    Osiria Tourism Complex is a multi-resort currently under construction in Busan. The complex may occupy as much as 3.36 million m2.
    The complex includes a variety of facilities for leisure, shopping, accommodation, and theme parks. Starting with Lotte Premium Outlet—which opened in 2014—culture, shopping, and tourism facilities,
    such as Hilton Busan, Ananti Cove Busan, and golf courses, opened in 2017. Additional theme parks are also under development.
    Jeollanam-do is currently transforming itself from a traditional agricultural region into a high-tech city based on the Fourth Industrial Revolution.
    Under the goal of creating a tourism and leisure type, eco-friendly smart city, the province is promoting Solaseado Smart City project, which focuses on photovoltaic power generation, autonomous electric vehicles, and smart farming.
    Please refer to the information below
    Overview of Osiria Tourism Complex
    • Project period: 2006–2022
    • Location: Daebyeon-ri and Sarang-ri, Gijang-eup, Gijang-gun, Busan
    • Area: 3,662,486m2
    • Facilities: Theme parks, Aqua World, hotels, golf courses, multi-purpose shopping malls, etc.
    • Total project expenditure: Approx. USD 800 million
    • Main project entity: Busan Metropolitan Corporation
    Overview of Solaseado Smart City
    • Project period: 2010~2025
    • Location: Guseong-ri, Sani-myeon, Haenam-gun, Jeollanam-do
    • Area: 20,899,330m2
    • Total project expenditure: Approx. USD 5.2 billion
    • Main project entity: Southwest Coast Enterprise City Development Co., Ltd
    Large view of images
    ※ Source: Osiria Tourism Complex website (osiria.bmc.busan.kr)
    ※ Source: Solaseado Smart City website (www.solaseado.com)
    ※ Source: Korea Culture and Tourism Institute
Invest KOREA
Real Estate/Tourism and Leisure PM
Choo Yoon Chul Service Industry Promotion Team
T.+82-2-3460-3288