NMMA webinar on Korean market set for Wednesday


The National Marine Manufacturers Association will hold an hour-long webinar Wednesday that will detail the South Korean emerging market for the U.S. boating industry.

The NMMA’s export development team has been exploring member opportunities and will share insights at 2 p.m. EDT on April 2.

The recreational boating market in Korea is steadily growing with boat registrations increasing by an average of 16 percent annually, according to the NMMA. The country's extensive natural coastline is ideal for boating with 20 marinas now open and operational and 12 more under construction. Fishing and scuba diving are increasing in popularity too.

In six years, the Korea International Boat Show held in June has grown to become one of the three leading Asian shows.

Additionally, the U.S.-Korea Free Trade Agreement provides new opportunities for U.S. exporters to sell American manufactured goods and services as import duties on boats and related products are phased out. These low barriers to market entry make U.S. imports highly competitive in the Korean market.

The webinar will explore the emerging recreational boating industry, the Free Trade Agreement, and opportunities to exhibit at KIBS with support from the NMMA and the U.S. Department of Commerce.


Wholesale Shipments Drop in September

NMMA: Easing supply chain constraints should enable more manufacturers to build boats.

Dealers: What’s Your 2021 Retail Outlook?

The monthly Pulse Report asks marine retailers to weigh in on November market conditions.

2020 On Track for More Than 300,000 Boat Registrations

It’s the highest number since 2007, when there were almost 400,000 boats registered for the year.

A United Industry Voice Impacts Summer Sales

The comprehensive collective effort of the Get on Board campaign was a key factor in generating boatloads of new customers.

Boating Writer Scholarship Now Open

The BWI Active Interest Media Boating Journalist Scholarship is now accepting applications through January 15. College students are encouraged to apply for the $3,000 scholarship.

Quick Hits: November 24, 2020

Bluewater Yacht Sales expands; ICOMIA issues yacht coatings guide; and Elcome expands forecasting services.

Iris Innovations Launches Garmin OneHelm Compatible Camera and Alarm Management System

The UK-based company’s new products allow users to manage all onboard cameras and alarms via Garmin MFDs.