Please select your home edition
Edition
BandG Triton2 NZL 728x90

Korea International Boat Show 2013 – An Emerging Market

by Guy Nowell, Sail-World Asia on 2 Jun 2013
Korea International Boat Show 2013 - dolly birds are a necessity Guy Nowell © http://www.guynowell.com
The flavour of the Korea International Boat Show has changed. A marine industry friend once told me that told me that he judged the seriousness of an Asian boat show as being in inverse proportion to the number of exhibitors’ stands displaying radio controlled helicopters and sunglasses. This year, there are none at KIBS.

Maybe it is the change of venue from Tando Harbour, Jeong-gok to the palatial surroundings of KINTEX, the Korea Trade and Exhibition Centre, on the outskirts of Seoul. Somehow the show seems to have ‘settled down’. Walking around the exhibition hall today there were in evidence fewer of the big marques that we have come to expect to see at Asian boat shows, and more exhibitors of a ‘practical nature’ in what one overseas visitor described succinctly as 'an emerging market’'.

At the first KIBS, in 2008, boating as a leisure pursuit in Korea was almost invisible, and there was little or no evidence of a marine leisure industry. The professed intent of a boat show was to offer to Korea something new to do with the (then) recently-legislated two day weekend, and to provide a sort of example to potential marine industry start-ups.



At that time, some observers expressed doubt that the entire country was unlikely to embrace ‘messing about in boats’ overnight, and even if they did so it was unlikely to be through the medium of 80’ motor yachts. This has proven to be true, but six years down the line – judging by the show stands – Korea and the Koreans are seriously interested in getting out of their apartments and into the countryside, away from the city and onto the coast, getting their shoes muddy and – yes – getting their feet wet.





KIBS this year incorporated Korea Dive Expo, and also includes a substantial section of ‘camping cars’ and caravans – both of which attracted enormous interest. Add in the ATV bikes, the kayaks, the ‘tackle and tinnies’, the stand-up paddle boards, the inflatable kiddie boats, a whole range of novelty boats (see-through canoes – ‘go snorkelling without getting wet’) and even a baby hovercraft, and you get the distinct feeling that not only is KIBS is becoming an ‘outdoors show with a strong nautical flavour’, but also that the goods on show are a better offering for a clientele just becoming acquainted with the water than some of the luxe sub-superyachts we have seen in recent years. That’s a good thing, by the way. It’s a touch of realism where an emerging market is concerned.





There are now 19 operational marinas in Korea, 9 more in build, and a total of 45 planned. Having brought the Gimpo Marina almost on line this time last year, Everett Babbitt of Bellingham Marine told us that their Korean partners, CKIPM Marine, are close to commissioning another project, this time at Incheon, near Seoul’s international airport. Bellingham/CKIPM have been present at every KIBS. 'We are delighted that the show has moved to KINTEX,' said Babbitt. 'It’s been twice the show we’ve ever had before. Regardless who you are talking to, and regardless of where a project might be – or might be planned – ‘the office’ is in Seoul. We work on paper, not on water, and here we are right on Seoul’s doorstep so yes, we are very happy with the change of venue. When we came to KIBS in 2008 it was strictly in a go-see capacity. I used to be pretty sceptical of the ‘build it and they will come’ approach in Korea, but we’ve been building, and they seem to be coming! We are very happy to have played a substantial part in the development of Korea’s marina infrastructure, and look forward to contributing further. We never intended to show up at KIBS once and once only, getting involved in the Korea marine infrastructure was always a longer-term plan. Potential clients with whom we have had discussions over the last couple of years are now getting close to starting their projects. Patience is paying off.'

The last day of the Korea International Boat Show 2013 is at KINTEX tomorrow, 02 June.





Lancer Industries - Lasts LongerNaiad/Oracle SupplierHarken and Fosters -  Harken Winches

Related Articles

Collinson FX Market Commentary - Jan 24 - Trump spooks markets
AUD holding 0.7550, while the NZD trades around 0.7200. Equity markets retreated from Fridays gains, spooked by the Trump administrations uncertainties, while the man signs executive orders. He has resigned from the TPP trade agreement and signalled the renegotiation of NAFTA, while promising a 'massive' reduction in regulation.
Posted today at 12:10 pm
Yamaha's Summer Outboard Cash Back offer has month remaining
Yamaha's summer retail promotion, offering customers a cash back redemption has a month left to run Yamaha's summer retail promotion, offering customers a cash back redemption has a month left to run, offering customers a cash back redemption on portable and mid-power four stroke models in the range from 2.5 to 80 horsepower. This new promotion occurs at a great time for customers who are looking to get on the water for the upcoming holiday season.
Posted today at 4:15 am
Collinson FX Market Commentary - Jan 21 - New era begins for US
The weaker reserve, allowed the AUD to move to 0.7550, while the NZD held 0.7150. Trump is President and a new era begins. The new administration has outlined a broad outlook for the new USA and is expected to be highlighted by lower taxes, deregulation and fiscal expansion. The worry has been the trade policy but this will be more a renegotiation of existing trade agreements and more in the way of bi-lateral agreements.
Posted on 20 Jan
Collinson FX Market Commentary - Jan 20 - Markets steady in transition
Markets were steady ahead of the all important US inauguration for Trump tonight. Markets were steady ahead of the all important US inauguration for Trump tonight. The ECB left rates unchanged, in a dovish statement from ECB President Draghi, who observed no upward trend in inflation. By contrast, the Fed President was hawkish, commenting that goals of growth and employment were close to being satisfied, enabling interest rises in the current year.
Posted on 20 Jan
Collinson FX Market Commentary - Jan 19 - UKP surges on Brexit news
The AUD maintained 0.7500, while the NZD drifted back towards 0.7150, shy of the important technical level of 0.7200. UK PM May quelled many critics with her outline of Brexit and provided some plan for the future. Her vision of the return to a global power in trade was appreciated by markets, with the GBP surging to 1.2300, while overnight employment data remained strong.
Posted on 19 Jan
The evolution of Verdier-VPLP IMOCA over three generations
The chine is distinctive and spreads over entire length of hull, 5.50 m wide. There is less wetted surface than before. The chine is distinctive and spreads over the entire length of the hull, 5.50 m wide. There is less wetted surface than before.
Posted on 19 Jan
Collinson FX Market Commentary - Jan 18 - Brits opt for Free Trade
AUD trading 0.7540, while the NZD moves towards the important technical level of 0.7200. The Dollar continued to drift, as the GBP surged to 1.2400, while the EUR pushed towards 1.0700. Commodity currencies continued to prosper the slide in the reserve, with the AUD trading 0.7540, while the NZD moves towards the important technical level of 0.7200. The inauguration on Friday is the market focus
Posted on 18 Jan
North Technology Group acquires North Sails Australia
Renowned Sydney loft joins North Sails worldwide network of owned lofts On January 3rd 2017, the North Sails Australia licensed operation was purchased by North Technology Group. North Sails Australia is the country's leading sailmaker with a diverse market ranging from dinghy, One Design, 18' Skiffs, cruising, racing, Grand Prix and Maxis, dating back to when Australia defended the America's Cup in Fremantle in 1987.
Posted on 17 Jan
Collinson FX Market Commentary - Jan 17 - Hard line on Brexit from May
The AUD drifted back to 0.7470, while the NZD held 0.7100, with all currencies being vulnerable to US Dollar swings. The Trump inauguration, on Friday, has also been the major consideration of markets this week. Doubts have surfaced about global trade and predatory industry/corporate tactics driving nervous speculation. The AUD drifted back to 0.7470, while the NZD held 0.7100, with all currencies being vulnerable to US Dollar swings.
Posted on 17 Jan
Collinson FX Market Commentary - Jan 16 - Market jitters over US moves
NZ Consumer Confidence was flat, lending little to a buoyant currency, which held 0.7100. Markets remain in a flux ahead of this week's US Inauguration with high expectations and uncertainties. The Dollar settled, with the EUR trading 1.0640, while the Yen held 114.00. NZ Consumer Confidence was flat, lending little to a buoyant currency, which held 0.7100.
Posted on 16 Jan