South Korea will pursue ‘travel bubble’ agreements for people to travel internationally without restrictions to revitalize the aviation industry, said Finance Minister Hong Nam-ki.
Travel bubbles are agreements between two or more cities or countries that allow for two-way, quarantine-free travel for those who have negative coronavirus test results.
South Korea will also lift other virus-related restrictions.
The Transport Ministry declined to reveal which countries they are negotiating.
South Korea is exploring ways to boost tourism without ruining its virus containment efforts.
According to Kim Sang-do, deputy minister for civil aviation at the Transport Ministry, the aviation industry desperately needs support to maintain its competitiveness.
He added that it is where as many as 200,000 people work for including related industries such as tourism and is a core sector in charge of export logistics.
Among the solutions would be to flights to nowhere” to international travelers, allowing them to tour the country without entering. So far, only Korean airlines have been permitted to offer sightseeing services to residents only.
The country will also extend a reduction in fees airports charge airlines until the end of June this year while considering injecting additional liquidity into low-cost carriers if they experience a temporary cash crunch.


Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets
US Stock Futures Steady as Oil Prices Ease, Iran Talks Boost Market Sentiment
US Back-to-School Spending Seen Falling as Families Focus on Essentials
Japanese Yen Rises as Pension Fund Plan and BOJ Rate Hike Bets Weigh on Dollar
US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise
Gold Prices Set for Weekly Loss as Iran Tensions and Fed Rate Outlook Weigh
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate
Gold Prices Slip as U.S.-Iran Conflict, Fed Rate Hike Bets Pressure Precious Metals
Dollar Slips After Fed Minutes as Iran Tensions, Inflation Risks Keep Markets Cautious
Dollar Slips as Oil Prices Ease, Fed Rate Outlook Remains Uncertain
Japan Wholesale Inflation Jumps as Energy Shock Drives Import Costs Higher
Gold Price Rebounds as U.S.-Iran Tensions and Fed Minutes Keep Markets on Edge
Japan Eyes Bigger GPIF Investment in Domestic Assets as BOJ Independence Concerns Grow
Bernstein Raises 2026 Nickel Price Forecast as Indonesia Tightens Supply
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans
Gold Prices Slip as Stronger Dollar, Fed Rate Outlook Weigh on Bullion 



