Regional Development Strategy for Increasing Cultural Tourism Business in South Korea

Korea's traditional distribution market is at a turning point, and the international paradigm of distribution is also gradually declining in terms of numbers and sales. As such, the Korean government has developed cultural tourism to revive regional economies, which are losing competitiveness, by expanding the new distribution field, such as large discount stores and Internet shopping. The results of the empirical analysis indicate that several factors have a significant influence on profitability and success: traditional factors, gender and age, the intention to return, products and competitive prices, and amenities. This paper illustrates how Korea's national and local governments oversee cultural tourism business through case studies in Korea. For a developing country, cultural tourism is a valuable policy in terms of regional development and, by extension, of regional economic revitalization.