Foreign Spending Accounts for 1.17% of Korean GDP in 2025: Report
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3 Articles
Foreign spending accounts for 1.17% of Korean GDP in 2025: report
Foreign tourists' spending in Korea accounted for 1.17 percent of the country's gross domestic product (GDP) in 2025 amid a rise in inbound travelers, a central bank report showed Wednesday. A total of 18.94 million foreigners visited Korea in 2025, staying an average of 6.5 days and spending an average of $177.8 per day per person, according to the report published by the Bank of Korea (BOK). Their spending on goods and services, classified as …
(Seoul = Yonhap News) Reporter Han Ji-hoon = In order to enhance the economic performance of our country's tourism, we must not stop at increasing the number of visitors, but also... visitor length of stay or expenditure ...
[Digital Daily Reporter Jang Joo-young] An analysis suggests that simply attracting more foreign tourists is insufficient to maximize the economic impact of the tourism industry. It proposes that performance indicators for tourism policy should shift from a focus on the "number of visitors" to one centered on "tourism exports" and "value added." According to the report "Growth Effects and Policy Directions of the Tourism Industry from the Persp…
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