NMMA Canada Members Invited to Attend Korea Boat Show

NMMA is offering its member marine manufactures an opportunity to learn about business opportunities in Korea by way of a familiarization trip to the Korea International Boat Show this June.

Strategically located between China and Japan, Korea is the leading economic powerhouse in northeast Asia as well as a business gateway that links land, sea and air. At present, the Korean recreational boating industry is in its infancy, with just 20 domestic manufacturers (compared to 1,305 shipbuilding companies), creating extensive opportunities for Canadian exporters. The South Korean government recently committed to the development of 43 new marinas throughout the country by 2019; the construction of an $18 billion waterway project, the Gyeongin Canal, which will link Seoul with the Incheon coast and allow direct access to the Yellow Sea; and the development of a marine industrial park in Gyeonggi Province, with generous incentives offered to foreign companies including a 100 percent exemption from corporate income taxes for three years. Already in place are more than 15 active sailing schools in various parts of the country, and there are plans to develop several water-sports centres.

NMMA will lead a group of recreational marine manufactures to the Korea International Boat Show, held at Jeongok Marina of Hwaseong City in Gyeonoggi Province from June 8 to 12, 2011. Hwaseong City is located near Seoul.

Financial assistance toward travel expenses will be provided by the Korea Trade-Investment Promotion Agency (KOTRA), making this an affordable business exploration. NMMA manufacturer members interested in attending the show and taking advantage of this generous opportunity should contact Sara Anghel at sanghel@nmma.org or at (905) 951-4048 by May 6, 2011.