The Global Wellness Institute Spotlights South Korea's $113 Billion Wellness Economy
MIAMI, Feb. 15, 2024 /PRNewswire-PRWeb/ -- The Global Wellness Institute (GWI), the leading nonprofit dedicated to research and education in the global wellness industry, today announced the addition of South Korea to its growing Geography of Wellness platform, through a partnership with Therme Group. A global organization committed to fostering inclusive urban wellbeing, Therme recently announced the location for its first Asia Pacific project as part of the Golden Harbor development in South Korea's Incheon City.
- "South Korea, the world's ninth largest wellness market, has demonstrated both growth and resilience, scaling from a pre-pandemic $99.6 billion in 2019, to a 5% dip in 2020 ($94.4 billion), to a valuation of $113 billion in 2022."
- South Korea has had notable valuation increases in virtually all sectors for 2022 (a new dedicated Global Wellness Economy: South Korea report is available for download.)
- Stelian Iacob, senior vice president of Therme Group, remarked: "South Korea has rich and varied wellbeing traditions and a high-growth wellness economy.
- To learn more about South Korea's wellness economy, visit its dedicated Geography of Wellness page on the GWI website.