Please select your home edition
Sailutions - Furlex

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 ©
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.

Mondo Travel - Americas Cup - 5785Festival of Sails 2017 660x82Collinson and Co

Related Articles

Sarah Kenny and John Tierney elected to World Sailing Council
Sarah Kenny and John Tierney have been appointed to the World Sailing Council for a four-year term Australian Sailing Vice-President, Sarah Kenny has been appointed to the World Sailing Council for a four-year term from 2017-2020, representing Group L (Oceania), along with John Tierney, Secretary General of the Oceania Sailing Federation. The 29-member Council is responsible for managing the sport of sailing including the determination of policy for sailing across the world.
Posted today at 7:39 am
Collinson FX Market Commentary - Oct 22 - USD finds some legs
The AUD has crashed back to 0.7600, while the NZD has finally found logic, falling to 0.7150. General economic data has been benign confirming the weak economic situation that has prevailed post-GFC. Political leadership is reflected well in the economy. The Dollar found some legs, with the EUR moving back to 1.0850, while the GBP slipped to 1.2225. Commodities drifted, impacting the associated currencies, eventually .
Posted today at 7:22 am
RYA and World Sailing launch the brand new ‘World Sailing App’
World Sailing App will be one stop shop for the 2017-2020 Racing Rules of Sailing and associated documents for sailors. Using the eBook technology and expertise of the RYA, who over the last six years have established a comprehensive library of interactive eBooks, the World Sailing App will be the one stop shop for the 2017-2020 Racing Rules of Sailing and associated documents for sailors across the globe.
Posted on 17 Oct
Collinson FX Market Commentary - Oct 15 - Positive sign from US sales
AUD breaks back above 0.7600, while the NZD looks towards 0.7100 again US Retail Sales met expectations and were positive! This gave the markets some enthusiasm and lead to further speculation for the much vaunted Fed interest rate rise. This took the shine off the equity rally. The University of Michigan confidence report was decidedly negative
Posted on 17 Oct
Collinson FX Market Commentary - Oct 14 - Chinese exports crash
The NZD rallied back towards 0.7100, while the AUD floundered around 0.7560, reversing the recent cross rate moves. Chinese Trade data dominated global markets overnight, with little economic data release of import, in Europe or the USA. Chinese exports crashed 10% for the month (5.6%p.a.), while imports fell 1.9%. The dreadful trade data confirmed the weak global demand for the world factories product.
Posted on 14 Oct
He Cannot Garden
or there I was, sitting in the Bond Room of the Royal Perth Yacht Club with the great Jon Sanders AO, OBE, no less. I was not really intimidated, but certainly awestruck, and definitely very delighted. For there I was, sitting in the Bond Room of the Royal Perth Yacht Club with the great Jon Sanders AO, OBE, no less. As an Australian it does not get much bigger than that, and as a sailor it is almost akin to being a teenage girl at The Biebs purpose world tour with a back stage pass. Wow!
Posted on 14 Oct
Collinson FX Market Commentary - Oct 13- It's the US economy, Stupid!
The AUD has ceded 0.7600, now trading 0.7560, while the KIWI tried to build a firewall above 0.7000. Current US GDP growth is a depressing 1%, with all reviews on the downside, reflecting the parlous state of the economy. The Fed telegraphed four rate rises this year and none have eventuated so it is hard to believe the rhetoric.
Posted on 14 Oct
Prescription Sunglasses from Barz Optics
Barz Optics sell a number of prescription sunglasses. Barz Optics sell a number of prescription sunglasses which can be fitted with photochromic, non polarised, polarised and polarised bi focal lenses.
Posted on 13 Oct
Collinson FX Market Commentary - Oct 12- Light week grinds idle minds
AUD dipping to 0.7540, while the NZD dipped to 0.7050 The EUR slipped to 1.1050, while the GBP tested new lows, falling to 1.2200. Commodity currencies were not immune, with the AUD dipping to 0.7540, while the NZD dipped to 0.7050. A light economic data week allows diversion and musing over Central Bank perceived actions.
Posted on 12 Oct
Collinson FX Market Commentary - Oct 11 - Oil surges on Russian deal
Recent weakness in the NZ Dollar, pushed the KIWI back to 0.7120, while the AUD held above 0.7600. Oil prices surged to $51/barrel after President Putin confirmed collusion on a global cap on production with the OPEC cartel. German Trade data continued to show resilience with both Exports and Imports showing healthy gains.
Posted on 10 Oct