Gyeonggi-do Allocates 70% of Tourism Budget in First Half of Year... 38.2 Billion KRW

Gyeonggi Province will expedite the early execution of 38.2 billion KRW in the first half of this year, which accounts for 70% of the total tourism budget, to support the local tourism industry and revitalize the regional economy amid difficulties such as martial law.

This year, the tourism sector budget in Gyeonggi Province is 57.5 billion KRW, an increase of 10.6% (5.53 billion KRW) compared to last year. Among this, national funding decreased by 64.7% (2.64 billion KRW), while provincial funding increased by 17% (8.17 billion KRW).

The key projects prepared by Gyeonggi Province for the first half of this year include ▲ Cultural Tourism Resource Development Project (9.3 billion KRW) ▲ Tourist Site Development Project (5.24 billion KRW) ▲ Establishment of Trail Guidance System (1.98 billion KRW) ▲ Real Korea Gyeonggi Welcome Campaign (2.2 billion KRW) ▲ Support for Local Festivals (7.02 billion KRW) ▲ Special Fund Support for Crisis Overcoming of Gyeonggi Tourism Operators (2 billion KRW) ▲ Gyeonggi Northern Region Tourism Revitalization Project (3.3 billion KRW), totaling 38.25 billion KRW.

Gyeonggi Province is especially promoting the ‘Special Fund Support Project for Overcoming the Tourism Industry Crisis,’ aiming to provide loan support worth 10 billion KRW to local tourism businesses facing economic difficulties.

Additionally, through the Gyeonggi Life Platform project scheduled for implementation in the second half of this year, residents aged 19 and over will be able to receive a 20% cash rebate on the amount spent when paying at cultural, arts, sports, and tourism affiliated stores in the province using ‘The Gyeonggi Pass Card.’ The project budget is approximately 3.8 billion KRW.

Park Rae-hyeok, Director of the Gyeonggi Province Culture, Sports and Tourism Bureau, stated, "We expect that the concentrated execution of Gyeonggi Province’s tourism projects in the first half of the year will greatly contribute to the recovery of the tourism industry facing crisis and the revitalization of domestic and international tourism markets, thereby stimulating domestic demand."

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