Korea’s tourism income hits record high in 2012

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Korea's tourism income hits record high in 2012

 

South Korea earned the highest income ever from tourism sector last year as the popularity of Korean culture attracted more foreign tourists, according to the data by the Bank of Korea (BOK).

Korea’s income coming from foreign tourists’ spending touched a record high of $14.2 billion in 2012, up 13.6 percent from a year earlier.

Market watchers said that the hike in tourism revenue predominantly resulted from the popularity of Korean popular culture, called “hallyu” in Korean.