A Study on Resort Development Process of Korea in the Case of Walker Hill

Abstract

In this study, the process of founding and unfolding of Walker Hill, which has been considered as a cradleland of morden resort of Korea after the Korean War, is investigated. The developmental process of Walker Hill consists of the following stages.
1. Founding Stage (1960's): Walker Hill, which was opened as a international resort hotel in 1963, has been founded on the designation as a military resort for U.S. Armed Forces stationed in Korea.
2. Unfolding Stage (1970's): As to be privatized in 1973, with the constitution of fascinations, such as the extension of the main building and the construction of a composite amusement center, Walker Hill introduced the tourist indurtry of Korea into a revolutionary turning point.
3. Evolving Stage (1980's): In 1985, as keeping a favorable balance of accounts for the first time, and after then it was possible to go into the black. Since 1978, it remarked 15-25% of high growth a year, and remarked 27.2 billion wons of gross sales and 371 million wons of net sales in 1985.
Therefore, It is considered that Walker Hill made a enormous contribution to the economic growth of Korea. Also We can find that Walker Hill has been developed in the relation with the policy of resort and played the important role in the development of resort of Korea as a leader since the Korean War.