logo
South Korea's historic Gyeongju city prepares to host APEC Summit, attract more tourists

South Korea's historic Gyeongju city prepares to host APEC Summit, attract more tourists

CNA5 days ago
GYEONGJU, South Korea: World leaders and delegates are set to gather in South Korea in October for its biggest diplomatic event in two decades – the Asia-Pacific Economic Cooperation (APEC) Summit.
The historic ancient city of Gyeongju, located about 270km southeast of capital Seoul, will host leaders from 21 member economies.
It is the second time South Korea is hosting the summit, the last being in Busan in 2005. It will also be President Lee Jae-myung's first major international event since taking office in June after months of domestic political turmoil.
With less than three months to go, Gyeongju is ramping up preparations and hoping it can leave a lasting mark on visitors – and attract tourists from around the world.
Gyeongju's history dates back more than 1,000 years and is often called a museum with no walls. Historical sites like pagodas and tombs are a must-see for visitors.
It is home to Bulguksa, one of South Korea's most famous temples that is also part of a UNESCO World Heritage site dating back to the 8th century.
"Gyeongju is the cradle of Korean culture. You can't understand our national identity without knowing Gyeongju,' noted Gyeongju National Museum guide Kim Yeon-ho.
The museum will be the venue for a key highlight of the APEC Summit – the formal dinner banquet. It will offer world leaders a glimpse into the Silla dynasty, which lasted almost 1,000 years and had its capital in Gyeongju.
The Bell of King Seongdeok, one of the country's oldest surviving bells at more than 1,200 years old, can be found in the museum as well.
It is just one of many national treasures in a city that is little known outside South Korea and often overlooked by foreign travellers.
There were 48 million domestic visitors in Gyeongju last year – far exceeding the 1.2 million visits made by overseas tourists.
The city's natives are looking to change that when the APEC Summit rolls around.
'I hope this will help introduce our region and Korean culture to the world and that people will recognise its value and come visit,' said Kim.
North Gyeongsang province, where Gyeongju is located, is hoping to attract around 7,700 daily visitors and 30,000 attendees over the course of the two-day summit that starts on Oct 31.
A study estimates the summit could create 23,000 jobs and generate over US$5 billion.
PREPARING FOR VISITOR SURGE
Traditional market merchants and shop owners in Gyeongju are already getting ready for a surge in tourists.
Ryu Ho-jin, who owns a traditional Korean snack shop in the city, told CNA he hopes for an increase in sales and expects more Chinese tourists to visit.
In anticipation of that, he has been promoting his store and products on popular Chinese social media platform Xiaohongshu, known as RedNote in English.
Ryu, who has been running his shop for about two years, said he also wants to promote local food like Jeonbyeong - a traditional cracker snack - to foreign visitors.
Some locals are getting ready to welcome summit attendees and tourists by attending etiquette and English classes, hoping to better communicate with foreign guests and showcase Korean hospitality.
'I thought we should take part in some training to properly welcome foreign visitors. Of course, I am busy, but I made time,' one market vendor told CNA.
Another shopkeeper said: 'Right now, most foreigners only know Seoul, but Gyeongju is a city where tradition and modern life coexist. I hope this (summit) helps the world learn about that.'
CONCERNS ABOUT HOSTING
While most locals are excited for the potential tourism boost, concerns about Gyeongju's ability to host the event have surfaced.
"Gyeongju has never hosted something on this scale before, so there is fear that it might lead to disappointment,' said Kwon Ro-wook, who has lived most of his life in the city and heads the Seongdong Market Merchants' Association.
'But since Gyeongju is a 1,000-year-old city, I believe it will turn out well,' he added.
Kim Sang-chul, head of the APEC Preparation and Support Office, brushed aside concerns that the city may struggle to host such a large-scale event.
"Although people said the area lacked lodging infrastructure, there are 12 accommodation facilities around the Bomun tourist district – including three five-star hotels,' he pointed out.
Guests have the option of flying into Incheon International Airport before driving to Gyeongju or taking the high-speed train.
They can also fly to Gimhae International Airport or take a domestic flight there, before driving to Gyeongju about 91km away.
Roads near summit venues located within the Bomun Tourist Complex are being upgraded.
Workers have been racing to finish preparations for the summit, resting during the hottest hours of the day and returning to work late into the night.
South Korea was gripped by a record heatwave last month, with temperatures soaring to more than 40 degrees Celsius in the afternoons.
Kim said that everything in terms of infrastructure for the summit is on track, with the exhibition hall halfway completed and about two-thirds of the banquet hall left to be built.
'Overall, with quality and safety as our foundation, and by mobilising all available resources, we are confident we can complete everything by September without any issues,' he added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Commentary: South Korea needs reassurance, but Trump may make demands instead at their upcoming summit
Commentary: South Korea needs reassurance, but Trump may make demands instead at their upcoming summit

CNA

time27 minutes ago

  • CNA

Commentary: South Korea needs reassurance, but Trump may make demands instead at their upcoming summit

BUSAN: Later this month, South Korean President Lee Jae-myung will hold his first summit with US President Donald Trump. As a mid-sized US ally dependent on US security guarantees and market access, the summit is very important for South Korea. It will be closely watched for signals about the future of the alliance. Unlike previous US presidents, who uniformly supported the US-South Korea alliance, Mr Trump has a more unpredictable approach to US alliances. During his first term, he criticised the cost of stationing American troops abroad and pushed allies to shoulder more of the burden. At times, he appeared to cast doubt on whether the US would honour its security commitments. Still, South Korea accommodated Mr Trump, with then-president Moon Jae-in going to great lengths to keep diplomacy on track, even publicly stating that Mr Trump deserved a Nobel Peace Prize for his historic summit in Singapore with North Korean leader Kim Jong Un in 2018. But much has changed since then, and Mr Lee's visit to Washington will reflect that. Only into his second month in office, Mr Lee is navigating a far more complex geopolitical environment, including a deepening US-China rivalry, a more provocative North Korea and shifting regional alliances. At the same time, he faces the task of consolidating public support early in his term. Mr Trump, meanwhile, is in his second term as president with fewer conventional guardrails than before. He is no longer surrounded by the serious diplomatic professionals of his first term. Compounding matters, Mr Lee has no flashy diplomatic event to offer. Unlike in 2018, North Korea has expressed no interest in meeting either Mr Lee or Mr Trump. TRADE LIKELY TO TAKE CENTRE STAGE Three issues are likely to dominate the upcoming summit. Mr Lee will have little room to avoid the concessions Mr Trump will almost certainly demand. The first issue is trade. In a last-minute deal last week, South Korean negotiators persuaded Washington to reduce threatened tariffs on Korean goods from 25 per cent to 15 per cent before they went into effect. But many details about the deal remain unclear. Adding to the uncertainty, Mr Trump on Wednesday (Aug 6) announced plans to impose a tariff of about 100 per cent on imported semiconductors unless companies manufacture in the US. Seoul has said there will be limited impact from future US tariffs on chips as it had secured 'most-favoured-nation' status in the trade deal, but South Korean chipmakers remain on edge as Mr Trump has yet to provide key details. Mr Lee will likely be eager to seek clarity on this. The US is South Korea's largest export market, and South Korea's diversification options are poor. South Korea's second-largest export market is China, but those ties come with geopolitical costs. The US, even under Mr Trump, is a less politically and militarily risky trade partner. Mr Trump will probably ask for more investment commitments from South Korea, beyond the US$350 billion Seoul has already pledged to invest in the US. SECURITY COMMITMENTS The second issue is defence. Mr Lee will likely seek a reaffirmation of the US-South Korea security relationship, something that, in previous administrations, would have been routine. Under Mr Trump, however, longstanding US security commitments have come under renewed scrutiny. Earlier this year, Mr Trump made a series of controversial statements, including remarks about potentially taking over Greenland and Canada - both of which belong to NATO - as well as the Panama Canal. He also reportedly suggested launching air strikes against drug cartels in Mexico and pushed Ukraine to cede territory to Russia to end the war. It is unclear if Mr Trump would fight for any US ally, including South Korea. Even if Mr Trump agrees to alliance-supporting language in the summit's final statement, concerns remain about the reliability of such commitments considering his unpredictable approach to foreign policy. To get a verbal alliance commitment from Mr Trump, Mr Lee will probably have to make concessions on one of Mr Trump's favourite grievances about US allies - how much they pay to support US troops stationed in-country. South Korea has 28,500 US soldiers. South Korea pays about half the bill for their support. Mr Trump previously demanded that South Korea, variously, double, triple, or quintuple that payment. He probably will again. South Korea is wealthy enough to pay more, and a US retrenchment from South Korea would likely spark massive capital flight. So Mr Lee is likely to accept a higher payment. THE NORTH KOREA FACTOR North Korea is the third issue. In April, the head of the United Nations' nuclear watchdog warned that North Korea's nuclear arsenal had ballooned "exponentially' and was 'completely off the charts'. There are no inspectors on the ground. No active agreements are in place. And Pyongyang shows little interest in returning to talks. The North likely has as many as 100 warheads, plus missiles that can range the continental United States. North Korea has repeatedly threatened to use them against both South Korea and America. If the US meets its alliance commitment to South Korea in the event of a conflict with North Korea, US military bases - in South Korea, Japan, or Guam - will almost certainly become potential targets for North Korean missile strikes, possibly even involving nuclear weapons. In a worst-case scenario, the US mainland might also be at risk. So the risks of the US commitment to South Korea have gone up enormously. Former president Joe Biden was a committed, old-style internationalist and continued to insist the US would fight despite the rising nuclear threat. Mr Trump is more transactional and may be more reluctant to engage in a conflict that could carry the risk of a nuclear strike on US territory. It is unclear what Mr Lee can offer Mr Trump to overcome this risk anxiety - perhaps yet further trade or base costs concessions. Of these three issues, North Korea's nuclear weapons are now the biggest challenge in the US-South Korean relationship. If the US were not aligned with South Korea, North Korea would not threaten nuclear strikes on the US homeland. If the US did not enter a second Korean war - if it dodged its alliance commitment to South Korea - its Asia-Pacific territories would not become targets. Conversely, if the US abandons South Korea over these threats, then South Korea will almost certainly nuclearise. It is a harsh choice. As it is, support for nuclear armament in South Korea is already gaining momentum. Public opinion polls frequently indicate over 70 per cent support for developing domestic nuclear capabilities. Mr Lee and Mr Trump must grapple with all these issues. While President Lee has a good sense of them and will go to Washington prepared, the results of the summit will likely depend less on what South Korea brings to the table, and more on what kind of partner the US is prepared to be.

Commentary: Is the line between passion and overwork blurred in F&B?
Commentary: Is the line between passion and overwork blurred in F&B?

CNA

time27 minutes ago

  • CNA

Commentary: Is the line between passion and overwork blurred in F&B?

SINGAPORE: In a recent CNA interview, Dennis Lim, owner of The Emerald Bakery, reflects on his life's work. The 55-year-old baker endures "pain in every joint" throughout 15- or 16-hour shifts. Though he says baking is about perseverance and endurance, he is clearly passionate about his craft. We see it in his hands, deformed by severe arthritis yet still shaping each loaf of bread. We hear it in his cheery optimism – despite losing mobility in two fingers on one hand, he quips that he can still use the other three. His grit is undeniably moving, yet a quiet brutality underpins the clip. An employee describes how Mr Lim pushes through arthritis flare-ups; his wife recalls managing pregnancy alone while he was consumed by work. It raises a difficult question: Have we normalised – and even glorified – extreme sacrifice in Singapore's food and beverage (F&B) industry? And at what cost? THE CULT OF OVERWORK There's no doubt that resilience is essential in a professional kitchen. However, when enduring hardship becomes the main measure of passion, it breeds a culture where overwork is expected and valorised. When I worked as a cook in Singapore, a common refrain I heard was: 'Unless you physically can't get out of bed, you have to show up.' Anything less was seen as lacking commitment to the craft and your team. Toxic work culture in F&B often becomes self-perpetuating. Victims of punishing conditions come to see hardship as essential and sometimes become enforcers – expecting newcomers to 'pay their dues' in the same gruelling way. This normalises overwork and discourages challenges to the status quo, turning passion into not just something that is admired, but actively exploited. Marilyn Lee, owner of Wheathead Bakery, shared an encounter with a local restaurateur a few years ago, while she was interviewing for a job: 'When we got to discussing pay, he joked with me about how I 'don't need much because [I'm] passionate, right?'' In Australia, where I've also worked as a cook, stronger labour protections help curb overwork by limiting work hours to 38 hours per week, with mandatory breaks and paid overtime. Robust unions support these standards, promoting healthier work-life balance. This is in contrast to Singapore where many small food businesses lack similar legal protections or union support, leaving workers to navigate unfair conditions alone. Labour laws, however, are only part of the picture. Even with protections in Australia, toxic attitudes can persist. While applying for jobs in Melbourne, I was once invited for a trial shift. When I clarified the expected hours and asked if it would be paid, the chef told me not to come in at all, claiming I lacked passion – despite the fact that unpaid trials are illegal in Australia. It was as though I had somehow sullied the craft by advocating for fair treatment. HOW CONSUMER EXPECTATIONS FUEL OVERWORK F&B workers generally operate under immense pressure, but this is especially acute in Singapore, with sky-high rents and fierce competition. Consumers can also be complicit by expecting convenience, lightning-fast service, and rock-bottom prices – often without understanding what it takes to meet those expectations. These expectations force owners and workers to work longer hours with fewer resources just to keep up, perpetuating a cycle of overwork. Ms Lee said, 'Admittedly, it's difficult because there are almost no margins in F&B … Rent and food costs are at an all-time high and these overheads would seem to F&B owners to be fixed costs. So one variable cost that owners would consider cutting would be labour cost, which puts employees at a disadvantage.' While not all consumers can afford to pay more, the broader culture of undervaluing labour and having impossibly high standards remains a significant problem. LONG-TERM IMPLICATIONS AND A WAY FORWARD Romanticising overwork echoes the Japanese shokunin ethos – the craftsman who might spend a year sweeping the floor before being allowed to touch the rice. There is beauty in such devotion. For previous generations, long hours, perseverance and sacrifice were prized as signs of loyalty and character. But today, this mindset risks driving away new talent in Singapore's F&B scene, as many young workers refuse to burn out early. Gen Z, especially, with its stronger emphasis on mental health and work-life balance, is increasingly unwilling to accept the grind mentality endemic in F&B. Recent reports show a trend of Gen Z workers avoiding F&B roles – a warning that the old virtue of 'chi ku', or 'swallowing bitterness', is losing its grip. Without reform, the industry faces a growing talent shortage as this generation rejects sacrificing well-being for their careers. As a counter to overwork culture, some businesses are showing that change is possible. Take Candlenut, run by my former boss, Malcolm Lee. When he opened the restaurant in 2010, he endured long hours, sometimes even sleeping on-site just to keep things running. By 2016, the restaurant broke even and earned a Michelin star, but the success came at a steep personal cost, including the strain on his personal relationships. Troubled by the emotional toll, Mr Lee restructured operations: Candlenut now offers a four-day workweek and guarantees staff a daily, uninterrupted meal break. His mindset shift reflects an emerging industry trend: Mental health matters, and productivity should not come at the expense of well-being. At Wheathead, Ms Lee protects her employees from unfair expectations, emphasising that the bakery is a 'second home' for her team. On Wheathead's Instagram account, she wrote, 'We will not stand for rude or entitled behavior when anyone steps into our space.' In my interview with her, she explained that despite industry pressures, 'it is ultimately up to F&B businesses to do better by their employees.' Meaningful change demands healthier work schedules, more realistic consumer expectations, and industry-wide support for mental health and fair labour standards. But equally important is reshaping the narrative around passion and reimagining what a good life looks like: One defined not solely by work – not even passionate work – but also by the other good things in life. Since moving to the Netherlands, I've noticed a stark contrast in how people approach work, even when they deeply enjoy what they do. Many intentionally work fewer hours, often 30 a week, to preserve time for their families, hobbies and rest. This cultural norm of balance stands in sharp contrast to the Singaporean mindset, where work often defines identity and worth. It shows that another way is possible: one where passion can coexist with well-being, and where fulfillment is found not just in what we do – but in how we live.

Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030
Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

CNA

time27 minutes ago

  • CNA

Exclusive-SK Hynix expects AI memory market to grow 30% a year to 2030

SEOUL/SAN FRANCISCO :South Korea's SK Hynix forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30 per cent a year until 2030, a senior executive said in an interview with Reuters. The upbeat projection for global growth in high-bandwidth memory (HBM) for use in AI brushes off concern over rising price pressures in a sector that for decades has been treated like commodities such as oil or coal. "AI demand from the end user is pretty much, very firm and strong," said SK Hynix's Choi Joon-yong, the head of HBM business planning at SK Hynix. The billions of dollars in AI capital spending that cloud computing companies such as Amazon, Microsoft and Alphabet's Google are projecting will likely be revised upwards in the future, which would be "positive" for the HBM market, Choi said. The relationship between AI build-outs and HBM purchases is "very straightforward" and there is a correlation between the two, Choi said. SK Hynix's projections are conservative and include constraints such as available energy, he said. But the memory business is undergoing a significant strategic change during this period as well. HBM - a type of dynamic random access memory or DRAM standard first produced in 2013 - involves stacking chips vertically to save space and reduce power consumption, helping to process the large volumes of data generated by complex AI applications. SK Hynix expects this market for custom HBM to grow to tens of billions of dollars by 2030, Choi said. Due to technological changes in the way SK Hynix and rivals such as Micron Technology and Samsung Electronics build next-generation HBM4, their products include a customer-specific logic die, or "base die", that helps manage the memory. That means it is no longer possible to easily replace a rival's memory product with a nearly identical chip or product. Part of SK Hynix's optimism for future HBM market growth includes the likelihood that customers will want even further customisation than what SK Hynix already does, Choi said. At the moment it is mostly larger customers such as Nvidia that receive individual customisation, while smaller clients get a traditional one-size-fits-all approach. "Each customer has different taste," Choi said, adding that some want specific performance or power characteristics. SK Hynix is currently the main HBM supplier to Nvidia, although Samsung and Micron supply it with smaller volumes. Last week, Samsung cautioned during its earnings conference call that current generation HBM3E supply would likely outpace demand growth in the near term, a shift that could weigh on prices. "We are confident to provide, to make the right competitive product to the customers," Choi said. 100 per cent TARIFFS U.S. President Donald Trump on Wednesday said the United States would impose a tariff of about 100 per cent on semiconductor chips imported from countries not producing in America or planning to do so. Choi declined to comment on the tariffs. Trump told reporters in the Oval Office the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that were already manufacturing in the United States or had made a commitment to do so. Trump's comments were not a formal tariff announcement, and the president offered no further specifics. South Korea's top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix would not be subject to the 100 per cent tariffs on chips if they were implemented. Samsung has invested in two chip fabrication plants in Austin and Taylor, Texas, and SK Hynix has announced plans to build an advanced chip packaging plant and an artificial intelligence research and development facility in Indiana. South Korea's chip exports to the United States were valued at $10.7 billion last year, accounting for 7.5 per cent of its total chip exports. Some HBM chips are exported to Taiwan for packaging, accounting for 18 per cent of South Korea's chip exports in 2024, a 127 per cent increase from the previous year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store