Overview

• A June 26 report from the Hyundai Research Institute forecasts over 20 million foreign tourists in South Korea in 2025.
• That figure marks a sharp rise from last year’s estimated 16.37 million international arrivals.
• Tourist spending is projected at $20.2 billion, underscoring a major revenue boost for the economy.
• The estimated tourism receipts will represent 2.5% of South Korea’s total domestic spending in 2024.
• Hotels, restaurants and retailers are expected to see heightened demand as the country prepares for the influx.