4th Korea International Boat Show aims to fuel marine industry

Jeonggok Marina - just five boats in the show. Korea International Boat Show 2010
The fourth edition of the Korea International Boat Show 2011, June 8 to 12 at Jeonggok Port in Hwaseong City and Tando Port in Ansan City, organised by KINTEX and KOTRA, aims to establish a booming marine leisure industry on the west coast.

To capitalise on interest in the region, Gyeonggi-do is propelling the west coast development plan, known as the Gold Coast project, which includes an industrial complex, new marinas with associated retail and support infrastructures. As part of the Gold Coast project, a total of 12 projects are under way in the area of 260 million m².

At the core of the Gold Coast project, the Hwaseong Yacht Hub Project includes, the single-purpose leisure resort, complex services such as, resorts, hotels, convention and business centers, shopping malls, theatres, artificial beaches, parks, a marine museum and a sail training academy. By that, Hwaseong City will be able to have its own industries, such as equipment manufacturing, production, and marine services by 2020.

In addition, Gyeonggi-do plans to establish the Jeongok Marine Industrial Park by 2013. It is to be targeted to boat and yacht manufacturers and providers of related maintenance, distribution and storage services, R&D and training facilities and so on. In order to attract foreign investment, the government of Gyeonggi-do will carry various support systems, such as tax breaks. Jeongok Marine Industrial Park is intended to become the new capital of South Korea's marine activities as having global competitiveness.

Organisers of the boat show are progressing with their goal of becoming 'the best international boat show in Asia' while drawing the public's attention to the marine leisure industry.

The show has been promoted on a global scale by setting up the Korea Association of Marine Industry to enhance its link to other global marine-related organizations via, for instance, the cooperation with Shandong Province in China for marine leisure projects. It is also expected to acquire the membership from the International Federation of Boat Show Organizers (IFBSO). This membership will help KIBS gain international recognition as the fourth boat show in Asia and also see great promotional effect as well as draw foreign participants.

The Korea International Boat Show has become the most successful event in Korea in a very short time. So far a total of 652 exhibiting companies will participate with 74 local companies and 105 foreign organizations.

Due to high interest from the world, this year's event hall will cover an area of 11, 200 m².

An official from Gyeonggi-do said in a statement: 'Enquiries from domestic and foreign companies are flooding in despite the marine leisure industry's is struggling from a world-wide economic slump. I am glad that the Korea International Boat Show, which will be placed for business has a bright future ahead. Since the entire world gives its attention to the show, we will do everything possible to make sure the perfect show is provided.'

More at www.koreaboatshow.org