The Korea International Boat Show opens June 8 at Jeongok Harbour, Gyeonggi Province.
“With central government backing for both the national 43 marinas plan and funding for new industry development with R&D support, this market is now following the trend in neighboring Asian countries with strong and growing economies and a hunger for new leisure activities,” said Tim Coventry, who assists in organizing the show.
“Expect to see a very rapid growth pattern here, as everything in Korea moves quickly. The infrastructure investments in new marinas and related retail, industrial and service facilities in yacht hub developments are now forming the basis for property speculation, the first signs of private investment that will accelerate these projects,” he added.
The industry conference to be held June 9 features Mark Adams, vice president of the National Marine Manufacturers Association. With a strong American theme, Adams will be followed by U.S. sportfishing Capt. Anthony DiGiulian.
“The seas around Korea have many of the sport fish that we catch in Florida, and right now there is little or no sportfishing, so the opportunity to build a new high-value industry sector that will support professional boating activity and promote tourism is an exciting prospect,” DiGiulian said in a statement.
The Korean boat show, now in its fourth year, is again hosting a round of the World Match Race Tour. The show will run from June 8-12 and will have about 230 exhibitors.