"Night Tourism Project's 3.9 Trillion KRW Expenditure Effect, 40,000 Jobs Expected"

Photo by Korea Tourism Organization

[Asia Economy Reporter Kim Heung-soon] The economic impact of tourism activities conducted at night, from 6 p.m. to 6 a.m. the next day, has been found to be very significant.

According to the "Night Tourism Survey and Activation Plan" study released by the Korea Tourism Organization on the 19th, the direct spending effect of tourists based on night tourism expenditures from mid-February to early this month was analyzed to be 3.9 trillion KRW, with a production inducement effect reaching approximately 7 trillion KRW. It is also expected that about 40,000 jobs could be created across all industries, including the tourism sector, due to direct spending from night tourism.

The Korea Tourism Organization explained, "The 7 trillion KRW production inducement effect of night tourism is comparable to the ripple effect of producing 110,000 passenger cars or 3.98 million smartphones," adding, "It shows potential as a new growth engine after the COVID-19 pandemic." They further stated, "In response to actual tourism changes after COVID-19, we plan to supplement the national travel survey and continuously measure effects based on big data."

This content was produced with the assistance of AI translation services.