The tourism industry of South Korea is predicted to reach new heights this year, with a $69.3 billion (₩96.2TN) contribution to its national economy, marking an increase of 13.6 percent year-on-year.
The latest report by the World Travel and Tourism Council (WTTC) revealed that employment within the tourism sector will also follow this positive trajectory as it is forecasted to surpass 1.4 million in 2024, VisaGuide.World reports.
International & Domestic Spendings in South Korea to Hit 2019 Levels This Year
At the same time, the expenditures of both sides, such as international visitors and domestic visitors, are expected to reach 2019 levels. As a result, domestic visitors are about to achieve nearly $23.6 billion (₩31.9TN), up…