South Korean government is introducing a new category of visa for tourists who visit the country for medical purposes. The foreign medical tourist visa, M, is adopted in a bid to boost the nation's medical tourism industry as local hospitals and medical institutes have strongly requested the government to simplify the visa issuance process. According to the Ministry for Health, Welfare and Family Affairs, the new visa will be issued from Monday in two forms, C3 (M), a 90-day visa for those with short-term treatment purposes, and G1 (M), a one-year visa for those who need long-term care.
Source: www.xihunaet.com; find article here>>.
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Showing posts with label South Korea. Show all posts
Showing posts with label South Korea. Show all posts
Friday, May 15, 2009
Friday, August 24, 2007
"British Airways Plc and Korean Air Line Co. Ltd. Agree to Plead Guilty and Pay Criminal Fines Totaling $600 Million for Fixing Prices [...]"
As stated by the US Department Of Justice, "WASHINGTON — U.K.-based British Airways Plc and South Korean-based Korean Air Lines Co. Ltd. have each agreed to plead guilty and pay separate $300 million criminal fines for their roles in conspiracies to fix the prices of passenger and cargo flights, announced the Department of Justice. Today's plea agreements are the first to arise from the Antitrust Division's ongoing investigation into the air transportation industry.
The charges against the two airline companies were filed today in the U.S. District Court for the District of Columbia. Under the plea agreements, which are subject to court approval, British Airways and Korean Air have agreed to cooperate with the Department's ongoing investigation.
'The Department of Justice is committed to vigorous antitrust enforcement and will continue to bring to justice those who fix prices and thereby deprive the American public of the benefits afforded by a truly competitive market,' said Attorney General Alberto R. Gonzales. 'International law enforcement cooperation is crucial in prosecuting global cartels such as these, and today's enforcement actions represent the successful coordination between the United States and the U.K.'s Office of Fair Trading.'."
This Press Release is available in full text.
The charges against the two airline companies were filed today in the U.S. District Court for the District of Columbia. Under the plea agreements, which are subject to court approval, British Airways and Korean Air have agreed to cooperate with the Department's ongoing investigation.
'The Department of Justice is committed to vigorous antitrust enforcement and will continue to bring to justice those who fix prices and thereby deprive the American public of the benefits afforded by a truly competitive market,' said Attorney General Alberto R. Gonzales. 'International law enforcement cooperation is crucial in prosecuting global cartels such as these, and today's enforcement actions represent the successful coordination between the United States and the U.K.'s Office of Fair Trading.'."
This Press Release is available in full text.
Labels:
Airlines,
Cases,
Competition,
Fares,
South Korea,
UK,
USA
Thursday, July 19, 2007
"Travel venture attracts criticism"
The Hankyoreh states that "Lotte JTB, a joint travel venture between retail giant Lotte Group and Japan's largest travel agency, Japan Travel Bureau (JTB), began operations earlier this month, creating a stir in the local tourism industry.
On July 18, The Korea Tourism Association denounced Lotte JTB's advance into the tourism market and submitted a petition to the Presidential office calling for revision of a related law to prevent large companies from entering the tourism industry. Lotte Group is the fifth largest conglomerate by assets in Korea.
According to the petition, 'Lotte JTB’s business goal is to attract 1.2 million South Korean customers to overseas trips in 2011. The figure accounts for a third of the domestic overseas tourism market. In this case, most of the smaller travel agencies will inevitably go bankrupt.'
'The establishment of Lotte JTB is legally flawless, but we are very angry at conglomerates that try to destroy the domestic market by attracting foreign giants,' said the association.
In response, an official of Lotte JTB said, 'When we made our business plan, we aimed at attracting 1.2 million people, however that is just an estimate. JTB first looked for a Korean partner to provide services to Japanese visitors to South Korea'."
On July 18, The Korea Tourism Association denounced Lotte JTB's advance into the tourism market and submitted a petition to the Presidential office calling for revision of a related law to prevent large companies from entering the tourism industry. Lotte Group is the fifth largest conglomerate by assets in Korea.
According to the petition, 'Lotte JTB’s business goal is to attract 1.2 million South Korean customers to overseas trips in 2011. The figure accounts for a third of the domestic overseas tourism market. In this case, most of the smaller travel agencies will inevitably go bankrupt.'
'The establishment of Lotte JTB is legally flawless, but we are very angry at conglomerates that try to destroy the domestic market by attracting foreign giants,' said the association.
In response, an official of Lotte JTB said, 'When we made our business plan, we aimed at attracting 1.2 million people, however that is just an estimate. JTB first looked for a Korean partner to provide services to Japanese visitors to South Korea'."
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