Jeju looks to take bigger bite out of MICE market
JEJU - Last Friday, 100 delegates convened at the International Convention Center Jeju to develop ways to spur the convention industry on the island.
The MICE Network Workshop was attended by Lee Charm, president of the Korea Tourism Organization, and Choung Byung-gug, minister of culture, sports and tourism.
The meetings, incentives, conventions and exhibition industry has exploded in the last few years, although statistics vary because hotels are reluctant to report events and the definition of convention is not standardized.
The economic benefits of the fast-growing industry are significant. According to the organization LeaDER, who made a presentation on Friday, one foreign participant at a MICE event generates 2.2 million won ($1,964) in economic benefits. It said a conference attended by 1,000 people carries the same economic weight as exporting 300 vehicles.
“As we discuss more details of the MICE industry, the local MICE industry on Jeju will continue to grow,” said Lee.
According to the Union of International Associations, Jeju hosted 22 MICE events in 2005 and that increased to 60 in 2009. Korea held 185 MICE events in 2005 and that rose to 347 in 2009, according to the Korea Tourism Organization.
Jeju’s MICE market ranks 29th in the world and ninth in Asia, according to LeaDER. Korea ranked 24th in the world and fifth in Asia in the MICE industry in 2000 and by 2009 that had increased to 11th in the world and third in Asia, according to the KTO.
To help attract international conventions, the Jeju Special Self-governing Province opened the International Convention Center Jeju in 2003. It is the largest conference hall in the country, with a capacity of 4,000.
Two Jeju International Green MICE Week events were held last year to discuss ways to attract MICE events and the Jeju Tourism Organization took the lead of the second MICE event.
“Jeju started bolstering its MICE industry about 10 years ago when its ‘honeymoon destination’ brand was threatened by rising foreign travel,” said director Ryu Young-shin of Nuri Communications, an agency specializing in conference consulting on Jeju.
Said Ryu: “It was tough for Jeju when in 2008 other domestic cities jumped into the MICE market. But Jeju maintains competitiveness because of its beautiful natural environment.”
By Lee Sun-min [email@example.com]