Korea MICE Bureau updates subvention for int’l events

The Korean Folk Village in Gyeonggi-do is a Unique Venue. Photo credit: Korea Tourism Organization

The Korea MICE Bureau, under the Korea Tourism Organization (KTO), has updated its Covid-19 support programme for international conventions to provide extra assistance due to Covid-19.

The updated support now takes hybrid and online events into account. As such, more international conventions would now be eligible, as the previous criteria depended on whether the convention was hosted by an international organisation or not.

The Korean Folk Village in Gyeonggi-do is a Unique Venue. Photo credit: Korea Tourism Organization

Under the new criteria, conventions must have a minimum of 100 total attendees with at least 50 foreign attendees, and the event must last a day or longer. Further, online, offline and hybrid meetings all qualify, and the total attendee count will include both online and offline attendees.

International conventions which satisfy the above criteria are further separated into A and B Type events depending on the event start date. The amount of support provided will vary depending on the type and size of the event.

Conventions with a starting date between November 10, 2020 to June 30, 2021, will fall under Type A, and events with a start date between April 13 to November 9, 2020 will fall under Type B. The application deadline for Type B events is December 10, 2020.

In addition, extra support has been thrown in, such as support towards digital technology use during the event, support for venue rental and labour costs related to Covid-19 prevention, support for events held at Unique Venues and more.

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