Yanolja Research

 Local Economies Face Growing Disparities Population and economic activity are increasingly concentrated in the Seoul metropolitan area, now home to over half the country’s population. Non-metropolitan regions are experiencing faster population decline and economic stagnation, particularly in traditional manufacturing sectors. The gap in economic output (GRDP) between metropolitan and non-metropolitan areas has widened significantly in recent years. Tourism as a Game-Changer for Regional Growth Tourism uniquely boosts the local "living population" by attracting visitors, stimulating consumer spending, and invigorating service industries. Success stories, such as Yangyang County’s transformation into a surfing hotspot, demonstrate tourism’s ability to: Double tourist numbers within four years Induce over KRW 317.8 billion in local production and create more than 3,300 jobs (2023 figures) International examples like Spain’s Bilbao show how cultural attractions can drive urban r...

Technology Shaping South Korea’s Tourism Industry: Key Highlights South Korea’s tourism industry is undergoing a rapid digital transformation, fueled by innovation and the convergence of cutting-edge technologies. Here’s a snapshot of the latest trends and what they mean for businesses, travelers, and the future of tourism. Digital Transformation Accelerates Innovation The tourism landscape has shifted dramatically—from in-person bookings to seamless smartphone experiences. Technologies like artificial intelligence (AI), IoT, big data, and blockchain are now at the heart of travel, making journeys more convenient and personalized. The industry is moving from a supplier-driven model to a consumer-centric one, offering diverse, tailored services to meet evolving traveler needs. Patent Activity Signals Strong Technological Momentum Patent filings by major hotel groups and tourism startups have surged, reflecting the sector’s commitment to innovation. Even during the global pandemic, South...