New Market Report: Travel and Tourism in South Korea, Key Trends and Opportunities to 2016
South Korea's travel and tourism industry is expected to contribute 1.9% to national GDP in 2012, and account for 2% of the country's total employment. The total South Korean tourist volume, including inbound, domestic and outbound, grew at a healthy rate during the review period (2007-2011). This growth could be attributed to factors such as a growing economy, rising disposable incomes and government initiatives to promote the country as a tourist destination. The government has allocated US$166 billion for the...
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