& Boat Korea” Gets Awarded with Admission to IFBSO
June 10 (Korea Bizwire) – “Yacht & Boat Korea,” an international boat show hosted by
South Gyeongsang Province and Changwon City of Korea, took a big step forward to
its goal of becoming an internationally-renowned maritime convention as it was
admitted to the International Federation of Boat Show
until now, the boat show had to confront with numerous setbacks in the process
of affiliating itself with the federation. For instance, in April of 2012, the
entry application had been filed for the first time, but as the show was
postponed for an indefinite period at the time, the entry request couldn’t be
proposed to the federation.
after fixing its schedule for the 2015 show in March, the admission to the
federation was finally approved this year through efforts of advanced promotions
and presentations from the province and the city officials and voting from the
members of the federation.
Korea’s Recreational Boating Market
recreational boating market in Korea is steadily growing with boat registrations
increasing by an average of 16 percent annually, according to the NMMA (The
National Marine Manufacturers Association). 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. (source: KIBS)
& Boat Korea” will be automatically admitted to the International Council of
Marine Industry Associations, which is a sister organization of
latest admission to the federation of organizers is expected to create some
positive outcomes. First of all, the joining will help Yacht & Boat Korea
organizers form a global marine industry network as they will be able to take a
seat in general assemblies of IFBSO and ICOMIA.
means that Korean companies in the marine and shipbuilding industry, which have
been having a hard time coping with the recent changes in the global economic
environment, will face boosted sales opportunities of their yachts, boats,
equipment and accessories in both domestic and overseas market.
will also be a significant leap in fostering “Yacht & Boat Korea” to be an
internationally-renowned maritime trade convention and extending its organizers
and hosts’ brand images, which means securing effective ways of promotion such
as IFBSO websites and numbers of IFBSO-issued magazines.
over a 20 percent increase in the number of buyers and global marine leisure
companies visiting the show is expected to follow. Thus, the hosting province is
anticipating to see its boat show to play a bigger role in providing more
specialized exhibition opportunities to companies and thereby nurture its
“Yacht & Boat Korea” was the first international maritime leisure exhibition
hosted in Korea and has been held seven times since 2007.
the event in 2013, the convention has substantially reduced its role as a mere
exhibitor and has leaned more toward playing a role of business hub by expanding
commercial programs such as business meetings, and toward more specialized
convention on leisure ship equipment.
a result, the latest convention generated 67 purchase orders, equivalent to 3.27
billion won, which led to a significant curtailment of the province’s debt. The
next one will be held at CECO in Changwon from April 30 to May 3 of
official in the provincial government said, “We will continue to bolster the
convention’s business programs for it to be more effective and try our best to
provide opportunities to enjoy and see cutting-edge maritime leisure
by John Choi (email@example.com)