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South Korea's travel and tourism industry, which generated 84.7 trillion won ($59.1 billion) in 2023, around 3.8% of GDP, has held up through previous bumps in the road, including a 2016 ...
Sokcho later became a mineral transfer port in 1937. When the Korean peninsula was divided into two countries following World War II, Sokcho was placed under North Korean control, before being captured by the South Korean army on August 18, 1951. [2] [3] Since the Korean Armistice Agreement (1953), it has been a part of South Korea. [4] [5]
Tourism in South Korea and its industry caters to both foreign and domestic tourists. [1] [2] In 2023, 11.0 million foreign tourists visited South Korea, making it the 20th most visited country in the world. [3] Most non-Korean tourists come from East Asia and North America, such as Taiwan and the United States.
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
The Seorak Cultural Festival is a local cultural festival annually held every end of October in Sokcho city, Gangwon Province, South Korea. [1] Sokco is a tourism city surrounded by Mt. Seoraksan National Park and the Sea of Japan (East Sea), so many of the cultural events there are mostly related to the environment and local specialties such as squid.
1961: The Tourism Promotion Law is enacted. 1962: The International Tourism Corporation (ITC) is established to promote South Korea’s tourism industry through the management of major hotels, taxis and the Korea Travel Bureau, as well as by training human resources to support the travel trade. 1968: The number of foreign visitors passes 100,000.
Sometimes called the "ocean train", it was one of the industrial-era train renovations and part of Korail's Tourism Development initiative in the mid-2000s to change existing coal industry railway lines, where service had declined, into tour lines. [7] [8] Sea Train arriving at Jeongdongjin station with Sun Cruise Resort & Yacht in background.
In 1998, as part of government reorganization efforts, the Ministry of Culture and Sports was replaced by the Ministry of Culture and Tourism. It was created to invest in and support the entertainment industry, as Korea needed new areas of growth in the wake of the Asian financial crisis in the 1990s. [6]