Domestic Golf Market "Surpasses 20 Trillion Won Scale"

Yuwon Golf Foundation Publishes Fourth Korea Golf Industry White Paper
16% Increase Compared to Two Years Ago, 'Remarkable Growth'

"Surpassing 20 trillion won."

This was the size of the domestic golf market last year. According to the Korea Golf Industry White Paper 2022 published by the Yuwon Golf Foundation on the 13th, the size of the domestic golf market last year was 20.669 trillion won, an increase of 5.854 trillion won compared to 2020. This represents a 16.2% increase compared to two years ago. It is an enormous growth rate compared to the average annual growth rate of 4.9% over the five years before COVID-19.

Also, last year, the market transaction amount for field golf participation was 5.12 trillion won, and the market transaction amount related to screen golf was 2.1865 trillion won, respectively. The Yuwon Golf Foundation explained, "The introduction of social distancing due to COVID-19 was the main reason for the surge in demand for the golf industry, which has the characteristics of small groups and outdoor activities."

The Korea Golf Industry White Paper 2022 contains aggregated, estimated, and analyzed data on the structure and size of the domestic golf industry based on market data from 2020 to 2022. It was first published in 2017, analyzed every two years thereafter, and this time compiled research results over three years. It is a total of 263 pages.

The entire golf industry structure, market size and characteristics by sector, and implications are recorded in six chapters. It covers the entire sports industry related to golf, including field golf, screen golf, professional and amateur tournaments, equipment, facilities, and broadcasting rights. The white paper content is available on the Yuwon Golf Foundation’s official website.

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