South Korea has become the third most popular destination for mainland Chinese tourists after Hong Kong and Macau. The number of Chinese tourists to Korea has seen double-digit growth over the past couple of years.
The figure is expected to reach 6.1 million by the end of this year, up about 40.9 per cent from 2013.
The number grew 51.5 per cent from 2012 to 2013. Korea benefits from the growing number of mainland Chinese travelers, which is expected to exceed 100 million by the end of this year. About 70 per cent of mainland Chinese travelers visit Hong Kong or Macau.
Chinese tourists accounted for the lion's share of the 14 million foreign arrivals in Korea in 2014.
The number of foreign arrivals in Korea has increased steadily since 2010 thanks to the hallyu boom across Asia, the no-visa policy for Chinese tourists visiting Jejudo Island and other regional factors.
It reached the landmark figure of 11 million in 2012.
Mainland Chinese have made up some 43 per cent of the total foreign arrivals in Korea this year. Including tourists from Hong Kong and Taiwan, the number of Chinese-speaking tourists surpassed 7.4 million, which accounts for 52.2 per cent of the total foreign arrivals.
"The (close) proximity is one of the great advantages that draws Chinese tourists to Korea," said Seo Young-choong, director of the China team of the state-run Korea Tourism Organisation.
"We saw more people coming from inland provinces as we focus our travel promotions on inland Chinese cities. The influence of the Korean Wave has definitely been a strong attraction for Chinese tourists."
A series of external factors convinced Chinese tourists to travel to Korea such as the strained diplomatic relations between China and Japan, and unrest and accidents in Southeast Asia, including the missing Malaysia Airlines flight and anti-Chinese protests in Vietnam.
Vietnam has been hit by a series of protests in response to the Chinese deployment of an oil rig in a disputed region of the South China Sea.
Chinese tourists were also the biggest foreign consumer group here, spending an average of US$2,272 (S$3,010) per person in 2013, according to the KTO.
Tourism income is expected to reach US$17.6 billion (S$23.3 billion) by the end of this year, up 21.4 per cent from last year.
The Ministry of Culture, Sports and Tourism said this revenue creates jobs for 545,000 people in the tourism industry and equals the amount earned from exporting 3.7 million cellphones.
Korea has also seen double digit growth in the number of tourists from Hong Kong, Thailand, the Middle East and Russia with an average increase of 20 per cent.
The government expects the number of Chinese tourists to continue to grow next year although maintaining a 40 to 50 per cent increase may be a challenge.
At the same time, concerns have been growing about the Korea tourism industry's increasing dependence on the Chinese market.
"It's important to diversify the range of foreign tourists to Korea. Muslim tourists have emerged as another large group of foreign tourists in Korea. We are targeting Muslim countries in Asia and the Middle East with new strategies," said Rhee Jae-sung, vice president for marketing of the KTO.