2.58 Million Foreign Residents in Korea: 66.3% Want to Invite Family and Friends

As the number of foreign residents in Korea reaches 2.58 million, many are showing interest in inviting friends and family to the country. According to the report, foreign residents have a high participation rate in domestic travel, with per-person spending estimated at 266,000 won. In particular, 66.3% said they would like to invite friends or family to Korea. As competition to attract inbound foreign tourists intensifies, foreign residents are being viewed as a new tourism consumer base and as potential ambassadors for Korean tourism. Their travel demand and invitation intent point to possible growth in the tourism market. Source: mk.co.kr.