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Tourism-related policies of Korea
- Establishment of infrastructure for encouraging the people to enjoy sightseeing activities;
- Local residents’ everyday life and culture lay the basis of tourism business;
- Fostering a conductive environment for epoch-making promotion of tourism industry;
- Efforts made to play a leading role in international tourism in the era of northeast Asia.
Objectives of tourism policies
- Encourage people to enjoy sightseeing activities;
- Develop tourism that helps with the local economy – in connection with the projected target of $20,000 in per-capital GNI;
- Stimulate a profitable tourism industry – with target earnings of $10 billion a year;
- Make the country an attractive tourist destination – with the target of attracting 10 million international tourists.
[Targets of tourism policy]
| 2002 | 2008 | Remarks | |
|---|---|---|---|
| Accumulated number of Koreans engaged in | 330 | 650 | A 15% growth in the first 6 |
| ASightseeing activities | million | million | years |
| Number of occasions Koreans engaged in sightseeing activities | 6.05 | 12 | An average of once every month |
| Number of international tourists visiting Korea | 5.35 million | 7 million | The world’s 30th highest → 20th highest |
| Tourism revenue | $5.9 billion | $10 billion | The world’s 20th highest → 10th highest |
| Effect of creation of jobs | 2.7 million | 3.3 million | |
| 4.7% | 8.05% |
Projected Outlook of tourism-related policies
It is expected that the number of people visiting will increase sharply in the midst of rapid globalization of the world economy, the emergence of northeast Asia as an attractive tourist destination and adoption of the 5-day workweek system in Korea. However, at present, private investment in tourism development remains sluggish, which means that drastic remedial steps are required. In the meantime, tourism development is regarded as a strategically important factor for regional development.
Under such circumstances, it is important to make efforts in the direction of invigoration of local economies, improvement of trade balance, promotion of restructuring, reinforcement of domestic businesses’ competitiveness and enhancement of their operational transparency through an increase in investment in the tourism industry from domestic and foreign sources and an increase in the number of inbound tourists.
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