BUSAN < invest Korea

According to Yonhap News,

In order to further enhance business capability of locally based companies, particularly those involved in business that offers tourism services in which event organizers manage and host meetings, conferences, exhibitions and other related events, shortly called ‘MICE industry, the city of Busan announced the launch of a biz-support package on Mar 7, which entails cash grants given to those hosting international conferences or expos, a biz-consulting with industry specialists, PR material production and hygienic supplies distribution.

By picking out potential candidates to receive the aid package, the city helps host seven international exhibitions with budgets allocated for the year 2021 (KRW 700 million).

the city hopes to award high marks and select the candidates passionate about keeping focused on the long-term goals on the event planning business and those capable enough to unrestrictedly switch the format of events from offline to online, or vice versa. Despite the lingering ramifications from the COVID-19 induced recession which weighed on the MICE industry, the city of Busan successfully helped host 14 exhibitions and five international conferences last year.

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Source: Yonhap News (Mar 7, 2021)