Tourism industry – mutual development of insurance and mutual aid industry

The Korea Tourism Association (KTA) announced on the 22nd that it had signed a ‘business agreement for the mutual development of the tourism industry and the insurance and mutual aid industries’ with the Wimac and Science Lee group. They decided to make efforts for mutual benefit such as information exchange, joint research, profit and joint business development in the tourism and insurance and mutual aid industries. KTA established the Mutual Aid Association in accordance with Article 43 of the Tourism Promotion Act in 1987 and is conducting mutual aid projects specialized in the tourism industry, such as business/planned travel guarantees, which are mandatory insurance for travel operators, and performance guarantees for tour operators. Wimaek Mutual Insurance Research Institute and Co., Ltd.

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