South Korean unveils plans to attract 30 million visitors by 2027

2022.12.13 13:57:01 | 2022.12.13 13:57:34

Visit Korea Year declaration ceremony [Photo by Lee Seung-hwan]이미지 확대

Visit Korea Year declaration ceremony [Photo by Lee Seung-hwan]

The South Korean government unveiled measures, including easing travel-related restrictions, in its efforts to attract 30 million tourists by 2027 as borders around the world reopen amid easing in Covid policies.

Under the 2023-2027 tourism promotion basic plan, the government will designate 2023 and 2024 as Visit Korea years and hold K-tourism road shows in 50 cities around the world. It will aim to bring in 30 million foreign visitors in 2027 and raise $30 billion in travel income. Korea in 2019, before the pandemic, attracted 17.5 million foreign visitors and raised $20.7 billion in income.

“Visit Korea Year will allow our travel industry to overcome difficulties from Covid-19 and leap forward,” Prime Minister Han Duck-soo said at a national tourism strategy meeting in Seoul.

The government also plans to have foreigners stay longer in Korea - 15 days on average by 2027, up from 12.9 days in 2019. It will, in particular, innovate regulations so that more clusters are designated as areas for Meetings, Incentives, Conferencing, and Exhibitions (MICE).

Currently, areas designated for MICE need to meet certain requirements such as having a facility dedicated for conferences, enough number of foreigners participating in the international meeting, and convenient transportation facility. The government plans to ease requirements to increase the number of these clusters to 10 from five within five years. The current five complexes are in Goyang, Gyeonggi Province; Haeundae, Busan; Songdo, Incheon; Daegu; and Gwangju.

Foreign tourists arriving at Incheon airport [Photo by Park Hyung-ki]이미지 확대

Foreign tourists arriving at Incheon airport [Photo by Park Hyung-ki]

The government also aims to create new tourism industry demand through medical treatment and casinos. It will announce six wellness and medical treatment tourism convergence clusters that integrates healthcare and leisure next year and designate one wellness tourism city of the year.

The government will also adjust traffic induction fees of four- and five-star hotels and extend value added tax returns on foreign travelers’ accommodations until 2025.

The government will also increase the number of foreigners working in travel industry by allowing foreigners with D-2 student visa to work part time, up to 30 hours a week from current 10~25 hours. Hotels will also be allowed to hire five foreigners with E-7 visa, up from the current two. Foreigners with H-2 visa will also be allowed to work in MICE industry and at four- to five-star hotels.

The government will create a 500 billion won ($382.9 million) tourism fund by 2027 to promote travel-related ventures. It also plans to expand the number travel corporation support centers at home and abroad to 14 in Korea and 10 overseas by 2027, up from eight and one, respectively. It will also offer interest benefits to small- and mid-size travel-related companies that seek digital transformations.

The government will also make efforts to attract luxury travelers mainly from Asia-Pacific countries by building a terminal at Incheon International Airport dedicated to travelers arriving on private jets. Regional airports also plan to expand non-visa entrants. Muan Airport in South Jeolla Province will allow non-visa group travelers from Vietnam, the Philippines and Indonesia from March.

By Lee Jong-hyuk and Lee Eun-joo

[ⓒ Pulse by Maeil Business Newspaper &, All rights reserved]