Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

The Korean government did a massive marketing push yesterday in Beijing to attract more Chinese visitors to Korea in 2016. It was announced that 2016 will be "The Year of Visit to Korea" with the aim of attracting 8 million Chinese tourists this year. The Korean government introduced new measures to attract more Chinese visitors this year including:<ul><li>Exemption of visa fees for Chinese group travelers starting January 2016 for one year.</li><li>Addition of four new air routes between China and Korea starting March 2016 (12 additional flights/week). </li><li>Reduction in the age of Chinese people who are eligible for multiple entry visas to 55 from 60. </li></ul>

The Korean government did a massive marketing push yesterday in Beijing to attract more Chinese visitors to Korea in 2016. It was announced that 2016 will be "The Year of Visit to Korea" with the aim of attracting 8 million Chinese tourists this year. The Korean government introduced new measures to attract more Chinese visitors this year including:Exemption of visa fees for Chinese group travelers starting January 2016 for one year.Addition of four new air routes between China and Korea starting March 2016 (12 additional flights/week). Reduction in the age of Chinese people who are eligible for multiple entry visas to 55 from 60. 

Korea has two visa policies for Chinese visitors to Korea – one for mainland Korea and one for Jeju island. Chinese visitors must get visa when visiting mainland Korea while visa is not required to visit Jeju island. We believe that the tremendous success of attracting Chinese visitors to Jeju island may also lead to relaxed visa policies for Chinese visiting mainland Korea. Timing of potential change of Chinese visa policy to Korea - Although it may not be discussed much openly, we think that there are increasing talks behind the doors to relax the visa policy for Chinese visitors to Korea (ex. 3 months no visa policy) in order to attract more Chinese visitors and help to attract foreign capital. In terms of time-frame, we believe it could over the next two years, especially as the incumbent Presidential regime is pro-FTA with China and open to attracting more Chinese capital. The potential change to existing visa policy such as 3 months no visa could be both ways (Chinese visitors to Korea and Korean visitors to China).

Korea has two visa policies for Chinese visitors to Korea – one for mainland Korea and one for Jeju island. Chinese visitors must get visa when visiting mainland Korea while visa is not required to visit Jeju island. We believe that the tremendous success of attracting Chinese visitors to Jeju island may also lead to relaxed visa policies for Chinese visiting mainland Korea. Timing of potential change of Chinese visa policy to Korea - Although it may not be discussed much openly, we think that there are increasing talks behind the doors to relax the visa policy for Chinese visitors to Korea (ex. 3 months no visa policy) in order to attract more Chinese visitors and help to attract foreign capital. In terms of time-frame, we believe it could over the next two years, especially as the incumbent Presidential regime is pro-FTA with China and open to attracting more Chinese capital. The potential change to existing visa policy such as 3 months no visa could be both ways (Chinese visitors to Korea and Korean visitors to China). 

Potential Change of Chinese Visa Policy to Korea

South Korea

Hyundai Wia Corp. manufactures automobile parts. The Company also produces machine tools, robots, presses, industrial machinery, and aircraft parts.

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Hyundai Wia (011210 KS)

2016 - "Year of Visit to Korea"

The Korean government did a massive marketing push yesterday in Beijing to attract more Chinese visitors to Korea in 2016. It was announced that...

Douglas Kim

Potential Change of Chinese Visa Policy to Korea

Korea has two visa policies for Chinese visitors to Korea – one for mainland Korea and one for Jeju island. Chinese visitors must get visa when...

Douglas Kim

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