China extends visa-free policy to 9 more countries — including South Korea

China extends visa-free policy to 9 more countries — including South Korea


From Friday, citizens of nine more countries can enter China without needing a visa to visit.

Holders of ordinary passports from eight countries in Europe — Slovakia, Norway, Finland, Denmark, Iceland, Andorra, Monaco and Liechtenstein — as well as South Korea can visit for business or leisure purposes for up to 15 days without needing a visa.

The visa exemption is set to remain in effect until Dec. 31, 2025.

South Korea is a major tourism source market for China. In 2019, some 4.3 million South Koreans visited China, according to The Korea Times. Korea’s Ministry of Foreign Affairs reported less than 1.3 million visited in 2023.

Share prices of prominent Chinese and Korean travel companies rose following Beijing’s announcement of the expanded visa-free program on Friday.

Trip.com shares have risen more than 5%, while low-cost carrier Jin Air rose nearly 4%.

Efforts to spur tourism

This is the latest round of countries to be added to China’s ever-growing visa-free program, designed to spur inbound tourism which has yet to rebound to pre-pandemic levels.

In 2019, China welcomed some 49.1 million travelers — as of July this year, around 17.25 million foreigners had arrived, according to the state media agency Xinhua.

China’s visa-exemption policies have been instrumental in luring foreigners to visit. In the third quarter of 2024, 8.2 million foreigners arrived, a 49% increase from 2023 — with some 4.9 million utilizing the program, Xinhua reported Tuesday.

Officials are also moving to ease headaches for international visitors, including payment problems foreigners encounter in the country, according to Chinese state media. For example, the government is requiring that major tourist attractions accept foreign credit cards and cash, reports show.

Chinese officials are also seeking to restore flight capacity back to pre-pandemic levels. Chinese carriers are adding flights to Europe this winter, in the wake of major global carriers canceling services to China due to low demand and continued operational problems caused by Russian airspace restrictions.



Source

Wealthy Americans apply for foreign investment visas & passports at record levels
Travel

Wealthy Americans apply for foreign investment visas & passports at record levels

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss why wealth Americans are seeking foreign residency and investment applications during the election. 03:28 Tue, Nov 5 202411:27 AM EST Source

Read More
Is this the world’s ‘coolest hotel room’ for baseball fans? Go inside to see the view
Travel

Is this the world’s ‘coolest hotel room’ for baseball fans? Go inside to see the view

The 2024 World Series may be over, but that won’t stop baseball fans from searching for their next ballpark fix. But forget touring a stadium — this one lets you sleep inside it. Es Con Field Hokkaido is a stadium on the Japanese island of Hokkaido with a grass field, retractable roof and space for 35,000 spectators. But […]

Read More
Go inside ‘the coolest hotel room — if you’re a baseball fan’
Travel

Go inside ‘the coolest hotel room — if you’re a baseball fan’

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Take a walk through the “Fighter’s Clubhouse,” one of eight hotel rooms where travelers can watch baseball games at the attached stadium, the Es Con Field Hokkaido. Source

Read More