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Korean Outbound Travel Spending Rises as TEPT Signals Premium Shift

Monthly trends in Korean outbound tourism spending from January 2024 to October 2025 reveal clear seasonal patterns alongside a strong post-pandemic recovery in the tourism economy. This analysis focuses on Travel Expenditure per Traveler (TEPT), defined as the average amount of overseas travel expenditure incurred by an outbound traveler, which serves as a key indicator […]

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Korea–Japan Currency Gap Widens, Increasing Tourism Flow to Japan

The chart below presents key movements in the Korean won (KRW) exchange rate against major global currencies from 2022 to 2025, offering essential insight into how currency trends have influenced Korea’s outbound tourism market. During this period, the KRW depreciated against most major currencies, including the USD, EUR, SGD, and THB – an environment that

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Relative Price Index

Relative Price Trends in Tourism between Korea and Japan: October 2024 ~ October 2025 (RPI, 2020=100)

1. Overall Affordability Trend From October 2024 to October 2025, the Relative Price Index (RPI) for Korean travelers to Japan remained well below the 2020 baseline (100), fluctuating between 78~87. This indicates that Japan continued to be more affordable for Korean tourists compared with the pre-pandemic base year. The cumulative change relative to 2020 shows

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Incheon International Airport near Seoul, South Korea, a major gateway for international tourism and travel.

Korea Outbound Travel Trends in 2025

South Korea’s outbound travel demand continued to exhibit steady yet fluctuating growth throughout 2025. As illustrated in the accompanying chart, the number of outbound travelers remained robust, though the pace of year-on-year (YoY) expansion varied significantly by month. Outbound departures peaked in January, reaching 2.97 million, representing a 7.3% YoY increase, the strongest growth rate

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