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.


Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 



