South Korea is set to lift visa requirements for Chinese tourist groups from September 29 until June 2026, a move aimed at bolstering foreign tourism in light of the upcoming Asia-Pacific Economic Cooperation (APEC) summit. This policy, first hinted at in March, follows China’s earlier decision in November to allow visa exemptions for South Koreans and other foreign visitors. The initiative is anticipated to enhance economic activities as South Korea prepares to host the APEC summit from October 31 to November 1 in Gyeongju, which will see participation from leaders across 21 economies, including Chinese President Xi Jinping and U.S. President Donald Trump.
The tourism ministry highlighted that this temporary visa-free entry coincides with a key holiday period in China and aims to stimulate the South Korean economy, especially as it experiences a rebound in tourism. Stocks for South Korean department stores, casinos, hotels, and beauty product companies have shown positive movements on the prospects of increased Chinese consumer demand.
This development signifies growing optimism regarding improving diplomatic relations between the two nations under South Korean President Lee Jae Myung’s administration, further indicating a collaborative effort to enhance economic interdependence in the region.
The expansion of visa-free access not only showcases South Korea’s aim to boost its tourism sector but also fosters a more interconnected relationship with China, which could serve as a foundation for further cooperation in various economic domains.
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