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Abstract
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.
Notes
The land and buildings in the business district that each local government owns.
Korea will become an aging society in 2022 (over 14% of total population will be older than 65 years) (The Korea Ministry of Employment and Labor, Citation2011).
Story concepts were developed in accordance with the spring being a vacation spot of royalty.
It indicates China, Vietnam, Indonesia, and Uzbekistan.
The major customers of Korean discount stores vary from young adults to the elderly, and these people display large-quantity buying behavior and use of vehicles. On the other hand, the major customers at traditional markets are females of the older generation who visit the market by foot and show small-quantity buying behavior.
The study related to BID indicates that the BID effect leads to a decrease in the crime rate (Hoyt, Citation2005) and real estate price (Ellen et al, 2007).