Recently Released Market Study: The Future of Travel and Tourism in South Korea to 2016
Travel and tourism in the Republic of Korea (South Korea) contributed 5.1% to the national GDP and 5.4% of the country's total employment in 2011. In terms of inbound tourism, 2011 proved to be a spectacular year with 9.8 million travelers visiting the country, 11% more than in 2010. However, outbound tourism growth still continues to outstrip inbound tourism growth, as the number of South Koreans travelling abroad grew by 1.7% to 12.7 million in 2011. The resulting imbalance prompted...
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