Airbnb’s Statement on the Government’s Announcement to Revitalize the Sharing Economy

On January 9, 2019, the Korean government announced its plan to amend the Tourism Promotion Act and revitalize the sharing economy, by allowing residents in urban area to share their homes with both foreign and domestic travelers up to a yearly cap of 180 days.

With more travellers increasingly seeking local and authentic hospitality, the Airbnb community in Korea has grown rapidly. In 2017, the number of domestic travelers using Airbnb in Korea reached 1.2 million (65% of 1.9 million in total).

We welcome this announcement as the amendment will allow domestic travelers in Korea to enjoy local and authentic hospitality more easily than ever before.

Airbnb’s Head of Public Policy for Korea Sanghyun Lee said, “Airbnb welcomes the new initiative by the Korean Government which brings home sharing rules into the 21st century, and sends a clear signal that Korea embraces healthy tourism for its over 4 million local Airbnb users.”

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