In 2024, South Korea welcomed approximately **** million inbound visitors. Visitor arrivals in South Korea have shown an overall growth since year 2000. However, due to the coronavirus (COVID-19) outbreak in 2020 the number of visitors to South Korea initially fell by more than ** percent, before falling by a further ** percent in 2021. 2022 was the first year to experience positive growth in visitor arrivals since the beginning of the pandemic. What draws tourists to South Korea?The most common reason for tourists to travel to South Korea in 2023 was the food and shopping opportunities. A 2023 worldwide survey found that ** percent of respondents considered Korean food to be very popular in their countries, with exports increasing in recent years. Korean fried chicken was the most popular Korean food abroad, even before Kimchi and ramen.”Hallyu” as a reason for the popularity"Hallyu," also known as the “Korean wave,” describes the South Korean popular culture, including music, TV shows, and movies, and is one of the main reasons for the worldwide rise of the popularity of South Korea as a travel destination. As K-pop as well as K-beauty products, are getting more recognition globally, the number of visitors grows. In 2018, the K-Pop boy group BTS was given credit by the Seoul Metropolitan Government for boosting the tourism industry. BTS is currently considered one of the biggest musical acts in the world.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The USD/KRW exchange rate rose to 1,380.9100 on July 14, 2025, up 0.13% from the previous session. Over the past month, the South Korean Won has weakened 1.58%, but it's up by 0.16% over the last 12 months. South Korean Won - values, historical data, forecasts and news - updated on July of 2025.