Jeju Air, Industry's First Overseas Flight Ticket Funding for Chuseok Holiday

[Asia Economy Reporter Dongwoo Lee] Jeju Air announced on the 24th that it will conduct a crowdfunding campaign for charter flight tickets available for overseas travel during the Chuseok holiday through Wadiz, a crowdfunding platform, in collaboration with Interpark Tour.

Crowdfunding is a structure where consumers voluntarily participate in funding for products they wish to purchase, and once the target number of participants is reached, they make the final payment and use the product.

Jeju Air explained that this campaign, the first of its kind in the airline industry, is being conducted considering the expectation of COVID-19 stabilization in the second half of the year and the recovery of consumer travel sentiment.

The funding target is round-trip tickets for charter flights during the Chuseok holiday period. The eligible routes include six destinations: Taiwan, Saipan, Guam, Phu Quoc, Bohol, and Da Nang, with 100 participants being recruited for each region. The funding period is from 5:30 PM today until April 5th, and participation is possible through the official Wadiz website and mobile app.

Airfare ranges from 478,000 KRW to 798,000 KRW for round-trip total fares including fuel surcharges and airport facility usage fees, varying by route. Compared to the average fares during past Chuseok holiday periods, this is about 30-50% cheaper.

If flights cannot operate due to unresolved self-quarantine between routes or special COVID-19 circumstances until the departure date, a 100% refund is possible. If customers prefer to exchange their ticket refund for domestic hotel accommodation vouchers instead, Interpark Tour offers conversion to accommodation vouchers for domestic 4-star to 5-star hotels such as Seoul Shilla, Grand Hyatt Incheon, and Paradise Hotel Busan, which are partnered hotels.

A Jeju Air official said, “This ticket crowdfunding reflects hopes and expectations for travel after the post-COVID era,” adding, “It will become a new trend in the airline industry in the future.”

This content was produced with the assistance of AI translation services.