Next Big Korean Industry… Cruising?

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Next Big Korean Industry… Cruising?

whowireduniedit

2011.11.16 (20:44:00)

South Korea has been trying to boost its tourism industry as part of its effort to strengthen the domestic economy. On Wednesday, it unveiled its latest plan: getting into the cruise ship business.

The plan includes tax benefits for cruise ship operators and training programs for workers who will be employed by the industry, as well as a green light for on-board casinos for foreigners.

The initiative comes amid expectations that Chinese tourists—who are already a key source of income for Korea’s relatively small tourism and retail industry–will boost demand for cruise tourism in Asia in coming years.

[Via] WSJ

[Image] WSJ

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