In 2021, 1.22 million Koreans traveled internationally, a 95.7 percent decrease compared to 2019. The advent of coronavirus pandemic brought forth an unprecedented crisis and the Korean travel industry has been severely impacted by international travel restrictions. Unfortunately, the year 2020-2021 has been a challenging period due to COVID-19. ![]() Koreans’ desire for international travel and the abundance of information sharing through mass media and social networking platforms, has been contributing to the growth of outbound tourism. ![]() South Korea has been a growing market in terms of arrivals and export revenue for the United States. Department of Commerce National Travel & Tourism Office (USDOC, NTTO). Source: Korea Ministry of Culture, Sports and Tourism (MCST), Korea Tourism Organization (KTO), U.S. ![]() Economic Development Organizations (EDO).Foreign Direct Investment Attraction Events.Facing a Foreign Trade AD/CVD or Safeguard Investigation?.
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