GGRAsia – Time a new Jeju IR with a new airport: ex-minister ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
The country s regional commercial banks are expected to remain extremely cautious about expanding their operations from their respective regions to the whole of Korea, although the financial regulator has given them the green light if they so wish, according to industry analysts, Thursday.
The Jeju Island government is acting on its plan to further strengthen ties with Arab and ASEAN nations through an international high-level gathering. The move is led by Jeju Governor Oh Young-hun, who met with ambassadors from 10 Arab nations in Korea and dignitaries from the Vietnamese government and an Indonesia-based global alliance of municipal governments in Asia-Pacific countries.
Jeju Island is considering legislation that would require visitors to pay tourism fees to support environmental sustainability. The fees will include 1,500 won ($1) per night for tourists, 5,000 won per day for those renting a car - 10,000 won for a minivan - and five percent of the fee for renting a bus, according to the Jeju Special Self-Governing Province. It said each visitor will be charged an average of 8,170 won per day.
The waters around Jeju Island are busier than ever, as the country s No.1 tourism destination is increasingly sought by tourists and opened a new trade route with China to spur bilateral business exchanges. The economic invigoration of Jeju is marked by visits from large cruise ships and a meeting in Qingdao on Sunday between its governor and the president of China s biggest seaport authority. The special self-governing provincial authority has dubbed this the “great comeback from COVID-19.”