{"id":15722,"date":"2021-03-11T15:20:51","date_gmt":"2021-03-11T15:20:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15722"},"modified":"2026-04-23T21:11:37","modified_gmt":"2026-04-24T00:11:37","slug":"tourism-in-south-korea-down-99-since-april-2020","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tourism-in-south-korea-down-99-since-april-2020","title":{"rendered":"Tourism in South Korea down 99% since April 2020"},"content":{"rendered":"\n<p>Fewer than 10,000 tourists per month have visited South Korea since last April due to the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South Korea.- An average of just<strong> 9,722 tourists per month have visited South Korea<\/strong> since last April, a 99 per cent decline compared to the<strong> 1.33m visitors in January 2020<\/strong>.<\/p>\n\n\n\n<p><strong>The Korea Tourism Organization (KTO) <\/strong>said is saw no sign of an immediate tourism recovery and was unable to make clear <strong>future projections<\/strong>.<\/p>\n\n\n\n<p><strong>Only 340 Chinese residents per month arrived to South Korea<\/strong>, while only 42 arrived from Japan, typically Korea\u2019s second-largest market. The country saw an average 3,470 arrivals from the US but probably due to military bases.<\/p>\n\n\n\n<p>South Korea\u2019s foreigner-only <strong>casino operators have been deeply affected by the Covid-19 pandemic<\/strong> and the lack of tourists.<\/p>\n\n\n\n<p><strong>Paradise Co<\/strong> recently <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-reports-us98-4m-loss-for-2020\" target=\"_blank\"><strong>reported a loss of KRW109.85bn (US$98.4m)<\/strong><\/a><\/em> for 2020 and <strong>a loss of KRW59.21bn (US$53m)<\/strong> for the fourth quarter.<\/p>\n\n\n\n<p><strong>Grand Korea Leisure <\/strong>reported a<strong> loss of KRW64.3bn (US$57.9m) <\/strong>and has extended the closure of its <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/gkl-extends-seoul-casinos-closure-until-march-15\" target=\"_blank\">Seoul casinos until March 15<\/a><\/em>.<\/strong><\/p>\n\n\n\n<p>South Korea <strong>hopes to establish travel bubbles <\/strong>with neighbours and implement Covid-19 vaccine passports like those proposed by <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/covid-19-vaccine-passports-could-speed-up-macau-tourism-recovery\" target=\"_blank\">China.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fewer than 10,000 tourists per month have visited South Korea since last April due to the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":15732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korea's tourism sector has experienced a 99% decline since April last year due to the Covid-19 pandemic, severely impacting foreigner-only casino operators. Companies like Paradise Co and Grand Korea Leisure reported significant financial losses and extended casino closures. The nation is exploring travel bubbles and vaccine passports to facilitate market recovery.","focusai_entities":"Paradise Co, Grand Korea Leisure, Korea Tourism Organization (KTO)","focusai_location":"South Korea, Seoul, China, Japan, US","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Timeline?","query":"What is the projected timeline for South Korea's gaming GGR recovery, assuming successful implementation of travel bubbles and vaccine passports?"},{"label":"Operator Diversification Strategies?","query":"How are South Korean foreigner-only casino operators diversifying revenue streams or optimizing cost structures to mitigate prolonged tourism dependency?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23907],"class_list":["post-15722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15722"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15722\/revisions"}],"predecessor-version":[{"id":15753,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15722\/revisions\/15753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15732"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}