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Second Most Prolific Host of International Conferences in the World, Among Top 20 Countries in Tourism Competitiveness CloseSecond Most Prolific Host of International Conferences in the World, Among Top 20 Countries in Tourism CompetitivenessKorea 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"
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)"(2019)
※ Source: World Tourism Organization (UNWTO), UNWTO Tourism Barometer (May 2020 Edition)
- 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%)
※ Unit: USD; Percentage on the right shows a percentage change YoY.
Increasing Number of Foreign Tourists in Korea OpenIncreasing Number of Foreign Tourists in KoreaThe 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"(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※ Source: Korea Tourism Organization, “Statistics of Tourism”
More International Companies Enter the Korean Market Multi-Purpose Shopping Malls and Resorts OpenMulti-Purpose Shopping Malls and Resorts More International Companies Enter the Korean MarketThe 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"
Expansion of Tourism Belt and Marina Port OpenExpansion of Tourism Belt and Marina PortThe 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"
※ Source: Ministry of Culture, Sports and Tourism (2011), Third Tourism Development Basic Plan"Status of Marina Ports and Location of Future Projects"
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
- Busan: Marine leisure city
- Ussan: Theme tourist city
- Gyeongsangnam-do: Vacation spot for the four seasons
- 자연유산관광 및 MICE 산업의 중심
Status of Marina Ports and Location of Future Projects 현황 개소 지역 해수면 마리나항만 예정구역 위치 55
내수면 마리나항만 예정구역 위치 15
마리나항만 구역 8
계 78※ Source: Ministry of Oceans and Fisheries (2020), Second Marina Port Basic Plan.
- Northeast Asia tourism hub
Major Projects Introduce OpenMajor Projects IntroduceOsiria 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.Overview of Osiria Tourism Complex
Overview of Solaseado Smart City
- 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
※ Source: Osiria Tourism Complex website (osiria.bmc.busan.kr)
- 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
※ Source: Solaseado Smart City website (www.solaseado.com)
※ Source: Korea Culture and Tourism Institute
Real Estate/Tourism and Leisure PM
Choo Yoon Chul Service Industry Promotion Team