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    South Korea Eyes Investments in Developing Countries' Tourism Industries

    By Ivy Mungcal // 11 October 2011

    South Korea has pledged to help create new sources of revenues among developing countries by supporting the development of their tourism industries.

    South Korea is prepared to support tourism-related infrastructure projects and similar initiatives in developing countries, according to Choe Kwang-shik, South Korea’s minister for culture, sports and tourism. Choe announced this commitment at a press conference on the sidelines of the 19th meeting of the U.N. World Tourism Organization general assembly, which was held in the city of Gyeongju in the southern part of the country.

    “We will provide financial, technical know-how and other assistance to developing nations, particularly those in Africa, to help them promote their tourism sector as a tool to create jobs and generate income,” the Korea Times quotes the minister, who also highlighted South Korea’s expertise and experience in developing and promoting its own industry.

    Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.

      Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

      About the author

      • Ivy Mungcal

        Ivy Mungcal

        As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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