85TradeFairs Internation al 3 2017 INTERNATIONAL S outh Korea s largest trade fair centre is expanding The project is still at the planning stage with construction work expected to begin at the beginning of 2019 The first two phases of construction were completed in 2004 and 2011 and we are now looking forward to the third phase states Kintex CEO Chang Yuel Lim By 2022 we will have 70 000 square metres of new in door space That s in addition to the 108 566 square metres we already have The reason for the expansion is the high venue occupan cy rate which last year hit a record high of 57 percent over the 365 days of the year In 2017 they expect the rate to rise again to be tween 60 and 62 percent The MICE industry in Korea is booming which is why consider ably more space is going to be needed in Goyang just north of Seoul Currently there are 1 300 events a year held at Kintex In ten years we could have over 2 000 events believes Phil Chung the director responsible for the convention business and global de velopment The demand for space from organisers of trade fairs conferences and other events con tinues to rise steeply In addition we expect the number of trade fairs and conferences that we organise on our own or together with international partners to increase rapid ly says Phil Chung who forecasts that the pace of growth will increase over the next decade According to surveys in leading me dia we are already the third most important tourist hotspot in Korea As a business travel destination we are ranked top he adds In future many more visitors will be coming than the over five million expected this year and that s due not just to the fact that there will be more events The transport infra structure is also being improved and the ex hibition and convention centre will be much easier to get to by 2023 when a new GTX railway station will be opening on site Chung likens the GTX to an underground bullet This underground railway will be very fast Currently Kintex can be reached from Seoul Railway Station the city s main rail hub in 40 minutes The GTX will re duce that to only 13 minutes It may be all change as far as the activi ties revolving around the venue are con cerned but there is one constant Company boss Chang Yuel Lim will continue to oversee the development of Kintex over the next few years The former deputy prime minister of South Korea has just completed his first term of office as CEO from 2014 to 2017 His sec ond term for a further three years began on 1 September taking him up to 2020 His con tract was extended in recognition of his suc cesses and hard work in diversifying the portfolio and increasing sales and profits for example As a result Kintex has made a strong contribution to the success and pros perity of Seoul and the capital s entire metro politan region and is expected to continue in the same vein www kintex com PB KOREA Expansion plans Kintex is bursting at the seams and has a big task ahead of it the centre s capacity is to be increased by 65 percent in the next five years Volles Haus bei der Seoul Motor Show Koreas größtes Messe und Kongresszentrum Kintex platzt lang sam aus allen Näh ten Full house at the Seoul Motor Show Korea s largest exhi bition and conven tion centre is already bursting at the seams Ph ot o K in te x

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