Soul power for Seoul

Seoul Tourism Organization and the city of Seoul launch videos to help revive struggling MICE businesses.

Helping hands: MICE businesses in Seoul have access to the Restart Online Video Content series.
Helping hands: MICE businesses in Seoul have access to the Restart Online Video Content series. Photo Credit: Adobe stock/EFIRED

The city of Seoul and the Seoul Tourism Organization (STO) have launched a Restart Online Video Content series, providing valuable insights to aid the re-establishment of MICE businesses as demand for MICE surges ahead.

The series includes five sessions, ranging from management and legal, HR and labour, accounting and taxation, to personal and psychological content. The videos also introduce the Seoul Tourism and MICE Business Support Center. They are designed to support tourism and MICE businesses that have “encountered closures due to economic challenges or those aspiring to make a comeback”, STO said.

The project “extends beyond fortifying resilience in the MICE industry, highlighting the commitment to proactive responses and swift interventions before challenges emerge”, it added.

Ki-yon Kil, CEO of STO, said: “The Restart Program is formulated to assist in the revival of many tourism and MICE businesses that experienced closures amid the pandemic. The organisation remains dedicated to support these closed businesses, promote re-establishment initiatives, and boost competitiveness in the dynamically changing tourism sector with sustained efforts.”

In September 2023, the city and STO initiated the Restart Program, which centers on counseling and consultation services. It recently revamped its offerings to include the new Restart Online Video Content, which is presented in a Q&A format. Some of the content will include aiding re-establishment efforts, processing unemployment benefits and updating personnel recruitment regulations, and advice on tax laws and closure procedures. The personal and psychological components focus on providing psychological therapy to restore confidence for business leaders amid closures, business owners who are restarting, and unemployed individuals. Experts address common inquiries, with each session lasting around 10 to 15 minutes.

Strong resurgence of MICE

Seoul witnessed a resurgence in the demand for corporate meetings and incentive tourism, exceeding pre-pandemic levels in 2023, where Seoul city and the Seoul Tourism Organization (STO) extended support to over 211 corporate meetings and incentive events held in the city, catering to a participant count exceeding 26,000.

New trends have emerged:

· More bleisure stays, resulting in a reduction in formal events

· An increase in extended stays of over five days with visits to other regions besides Seoul

· The organisation of smaller tours through the division of arrivals for larger groups

· An uptick in visits for industries such as beauty, insurance, and pharmaceutical, diverging from the conventional sectors

· An increase in the diversification of nationalities among long-distance inspection teams, with participants from India, Italy, among others.