KOREA TARGETS 25 TRILLION | Affordable uganda gorilla safari

Korea to build casino resorts, more hotels, duty-free shops

The South Korean government said Sunday it will create a business environment to induce more than 25 trillion won (US$23.2 billion) in investment by local companies to build up the country’s tourism industry and corporate competitiveness.

The plan, formulated jointly by the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure and Transport, the Ministry of Culture, Sports and Tourism and other government agencies, calls for the prompt spending of 16.8 trillion won already earmarked for four mega projects, while attracting 8.5 trillion won in fresh investment to build two new integrated resorts with casinos and tourist hotels and develop scenic coastal regions.

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