South Korea Adventure Tourism Market Overview, 2028

South Korea, known for its rich history, wonderful cuisine, and vibrant K-pop culture, is quickly becoming a magnet for adventure tourists looking for adrenaline-pumping activities. South Korea provides a broad choice of adventure activities that cater to all kinds of thrill-seekers, from stunning mountains and lush forests to picturesque coasts and modern cities. The terrain of South Korea provides a wonderful backdrop for adventure tourism. The country's geography is diverse, including mountains, lush forests, rivers, and stunning coasts. The Seoraksan and Jirisan mountain ranges are popular for hiking and rock climbing, while the Taebaek and Charyeong mountain ranges are popular for skiing and snowboarding. The landscape contains lush forests with a network of routes ideal for sports such as trekking, mountain biking, and camping. The picturesque coastlines along the East and South Seas are ideal for water sports like kayaking, scuba diving, and windsurfing. The hilly geography of South Korea has given rise to thrilling ziplining and paragliding adventures. Danyang and Jeju Island, for example, provide breathtaking aerial vistas as you soar over the air. The Nakdong and Donggang rivers are popular white-water rafting destinations, giving an adrenaline rush against the backdrop of gorgeous scenery. Thrill-seekers can get an adrenaline rush while surrounded by history and the environment at locales such as Gyeongju's Anapji Pond. South Korea prioritises adventure activity safety and regulations. The Korean government aggressively promotes adventure tourism by encouraging safety measures, licencing adventure operators, and maintaining the highest quality and safety requirements. This dedication improves guests' overall adventure tourism experience. According to the research report "South Korea Adventure Tourism Market Overview, 2028," published by Bonafide Research, the South Korea Adventure Tourism market is anticipated to grow with more than 17% CAGR from 2023 to 2028. South Korea is known for its tech-savvy populace, and the adventure tourism business has embraced digital marketing and social media to reach a larger audience. Operators and locations are showcasing their offers and connecting with adventure seekers on channels like Instagram, Facebook, and Naver (a major Korean search engine). Combining adventure with wellness and well-being is increasingly popular. Yoga retreats in tranquil mountain locations, mindfulness meditation in natural settings, and forest treatments are appealing to individuals seeking relaxation and adventure. South Korea's varied landscapes offer opportunities for multisport experiences. Travellers can combine sports such as hiking, mountain biking, and kayaking on a single vacation, delivering a well-rounded adventure experience. The trend of combining cultural experiences with adventure activities is growing. Travellers want to learn about South Korea's rich history, traditional arts, and culinary heritage while having fun. Night-time adventure experiences are becoming increasingly popular. These night-time excursions give a fresh perspective on South Korea's natural splendour, ranging from stargazing and night trekking to lantern-lit forest hikes. The adventure tourism market in South Korea caters to both solo travellers and group tours. Solo travellers value the independence and flexibility of exploring alone, while group excursions provide the camaraderie of shared experiences as well as the expertise of guides.

Based on type market is segmented into soft and hard. Hard type adventure tourism activity is growing at rapid pace in South Korea adventure tourism market. Over the past few decades, South Korea has had substantial economic expansion, which has increased disposable income. Because of this, a greater number of people can afford to engage in adventure tourism. There are many different kinds of adventure tourist activities available in South Korea due to its unique landscape. Adventure seekers have a wide range of activities, from verdant mountains and strenuous hiking trails to rocky coasts for water sports and winter sports destinations. Popular culture from South Korea, such as K-Pop music and Korean dramas, has become increasingly popular throughout the world. Travel, especially adventure travel, has increased as a result of K-Pop and Hallyu wave enthusiasts wanting to see more of the nation. Festivals and Events: Throughout the year, South Korea holds a number of adventure festivals and events, such as the DMZ Peace Trail Marathon and the Jeju International Ultramarathons. These events attract adventure enthusiasts and foster a sense of community among participants. Positive reviews and recommendations from tourists who have enjoyed adventure activities in South Korea play a significant role in attracting more visitors. Word of mouth and online reviews can have a substantial impact on tourism growth. Based on activity market is bifurcated into land based activity, water ways activity and air ways activity. Land based activity is significantly dominating the South Korea adventure tourism market. There are many different types of terrain and scenery in South Korea, such as mountains, forests, national parks, and rural areas. Numerous options for land-based adventure activities, including hiking, mountain biking, and rock climbing, are presented by this diversified geography. Families and individuals with different degrees of fitness may typically participate in land-based activities more easily. Due to its advanced transportation system, adventure destinations inside South Korea are easily accessible to visitors. In South Korea, there are a lot of year-round land-based activities that attract tourists every year. For example, hiking is popular all year, but it's especially nice in the spring and autumn. In terms of type of traveller market is segmented into solo, group, family, couples. Group travellers segment is growing at significant pace in South Korea adventure tourism market. People can connect and share experiences with friends, family, or other like-minded travellers when they travel in groups. In South Korea, a lot of individuals love to experience the outdoors in groups and cherish the social aspects of adventure travel. Tours in groups can typically save money because of shared costs. Adventure travel becomes more inexpensive for many when group members split the costs of lodging, transportation, and gear. Adventure sports abound in South Korea, ranging from rock climbing and mountain biking to hiking and winter sports. Adventure choices abound for group travellers, suiting a range of interests and ability levels. The age group segment is bifurcated into 30 years, 30-50 years and above 50 years. Among them age group below 30 years are major end user of adventure tourism in South Korea. Younger people frequently have greater cravings for novelty, adventure, and excitement. They are more likely to look for exhilarating and unusual experiences, which are frequently connected to adventure travel. Individuals in their 20s and early 30s are usually more energetic and physically fit, which makes them more suited for physically demanding adventure sports like rock climbing, hiking, and water sports. Based on sales channel market include travel agents and direct. Direct channel is significantly dominating the sales channel segment of South Korea adventure tourism market. South Korea is renowned for its highly tech-savvy populace and high internet penetration rate. An increasing number of adventure travellers may choose to make direct reservations with tour operators via websites and mobile applications due to the expansion of e-commerce and online booking platforms. For adventure travellers, booking directly with a tour operator may be more affordable because it eliminates middlemen and lowers total expenses. Tour operators may use social media and their own websites to aggressively market their services in an effort to draw clients.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • South Korea Adventure Tourism market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type: • Hard • Soft

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By Activity: • Land Based Activity • Water Ways Activity • Air Ways Activity By Type of Traveller: • Solo • Group • Family • Couples By Age Group: • Below 30 Years • 30–50 Years • Above 50 Years By Sales Channel: • Travel Agents • Direct The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Adventure Tourism industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.