The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    INTERVIEWAhn Hyo-seop wanted to share dedicated love with 'A Time Called You'

  • 3

    [PHOTOS Team Korea' s decisive moments at Asian Games

  • 5

    Seoul's financial assistance for egg freezing draws attention from single women

  • 7

    Korea wins gold, silver in men's golf

  • 9

    Expressway congestion partially eases up as Koreans return home following Chuseok

  • 11

    Police launch belated probe into another teacher's suicide after parental harassment

  • 13

    Distraught roller skater apologizes for costly premature celebration

  • 15

    On the brink of a government shutdown, Senate tries to approve funding but it's almost too late

  • 17

    Korea makes last-ditch bid to host World Expo 2030 in Busan

  • 19

    SHINee launches first Japan tour in 5 years

  • 2

    Korea blank China to reach men's football semifinals

  • 4

    Will blue crabs from Italy arrive on Korean dining tables?

  • 6

    Korea wins 1st gold in women's team badminton in nearly 30 yrs

  • 8

    Over 30,000 protesters march for climate actions

  • 10

    KOICA pushes for $1.8 mil. project to support Nigeria's ICT education

  • 12

    Korea's drop in exports eases in Sept. on chip sales recovery

  • 14

    Germany's government and Elon Musk spar on X over migrant rescue ships

  • 16

    M+ deputy director discusses Seoul's potential to challenge Hong Kong as Asia's art hub

  • 18

    Heavy traffic jams mostly eased on 5th day of holiday

  • 20

    S. Korea wins 1st table tennis gold in 21 yrs

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Tue, October 3, 2023 | 14:16
Travel & Food
Travel and tourism to create 49,000 jobs every year in Korea: WTTC
Posted : 2022-07-07 09:00
Updated : 2022-07-07 17:17
Lee Hae-rin
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Gettyimages
Gettyimages

By Lee Hae-rin

An average of 49,000 new jobs will be created in the country's travel and tourism sector over the next decade, the World Travel and Tourism Council (WTTC) said on Monday.

The latest Economic Impact Report (EIR) by WTTC released in May shows that about half a million jobs will be created in the next ten years and will reach a total of 1.8 million by 2032, outpacing other sectors in the economy.

According to the report, the nation's GDP in travel and tourism is expected to grow at a yearly average rate of 4.8 percent in the coming decade, which is significantly higher than the country's overall growth forecast of 1.8 percent.

Such growth is supposed to yield 116.9 trillion won ($89.5 billion), occupying 4.6 percent of the country's economy.

Before the outbreak of the COVID-19 pandemic, the country's tourism industry contributed 4.4 percent, or 87.5 trillion won ($67 billion) to the country's GDP and provided 1.3 million jobs.

However, the pandemic devastated the sector, nearly halving its GDP and economic contribution to 2.7 percent with 54.2 trillion won.

In 2021, its contribution to the GDP climbed by a mere 3 percent year-on-year, to reach nearly?55.9 trillion won. Next year, the figure is expected to grow back to 83.4 trillion won, which is only 4.7 percent behind the pre-pandemic level.

"After the devastating impact the pandemic caused to South Korea's travel & tourism sector, the future looks bright for the economy," WTTC?President and CEO Julia Simpson said.

"We applaud the government for easing travel restrictions, a move that will no doubt have a positive effect and recover millions of jobs. However, pre-departure testing is no longer required in many countries around the world and we urge the government here to follow the lead and allow travelers to move freely once again," Simpson said.


Emaillhr@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
wooribank
LG
Top 10 Stories
1[PHOTOS] Team Korea' s decisive moments at Asian Games PHOTOSTeam Korea' s decisive moments at Asian Games
2Will blue crabs from Italy arrive on Korean dining tables?Will blue crabs from Italy arrive on Korean dining tables?
3Over 30,000 protesters march for climate actions Over 30,000 protesters march for climate actions
4Korea makes last-ditch bid to host World Expo 2030 in Busan Korea makes last-ditch bid to host World Expo 2030 in Busan
5LA-based photographer captures Koreatown unfazed by pandemic LA-based photographer captures Koreatown unfazed by pandemic
6Consumers to face higher prices for daily necessities after ChuseokConsumers to face higher prices for daily necessities after Chuseok
7[INTERVIEW] It is premature to revise ROK-US mutual defense treaty: veterans' group head INTERVIEWIt is premature to revise ROK-US mutual defense treaty: veterans' group head
8Samsung chief visits Middle East to explore new businessesSamsung chief visits Middle East to explore new businesses
9Internet-only banks outperform legacy lenders in labor productivityInternet-only banks outperform legacy lenders in labor productivity
10Block Party returns to Yongsan for 2nd yearBlock Party returns to Yongsan for 2nd year
Top 5 Entertainment News
1[INTERVIEW] Ahn Hyo-seop wanted to share dedicated love with 'A Time Called You' INTERVIEWAhn Hyo-seop wanted to share dedicated love with 'A Time Called You'
2'Dr. Cheon and Lost Talisman' tops Chuseok holiday box office 'Dr. Cheon and Lost Talisman' tops Chuseok holiday box office
3M+ deputy director discusses Seoul's potential to challenge Hong Kong as Asia's art hub M+ deputy director discusses Seoul's potential to challenge Hong Kong as Asia's art hub
4Trailblazing nonagenarian artist honored for redefining Korean fiber art Trailblazing nonagenarian artist honored for redefining Korean fiber art
5[INTERVIEW] With '30 Days,' Kang Ha-neul finds new level of comfort in acting INTERVIEWWith '30 Days,' Kang Ha-neul finds new level of comfort in acting
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group