The Chinese government has extended the visa-free entry period for Koreans from 15 days to 30 days, leading to a surge in travel-related stocks.
![[Featured Stocks] Travel Stocks Rally on China's Extension of Visa-Free Entry Period](https://cphoto.asiae.co.kr/listimglink/1/2024112510275022915_1732498070.jpg)
As of 10:30 AM on the 25th, Chamjoeun Travel is trading at 5,990 KRW, up 21.13% compared to the previous trading day. Modetour is up 6.35% at 10,880 KRW, and Norangpungseon is trading at 5,360 KRW, up 12.25%.
On the 22nd, the Chinese government announced that starting from the 30th, the visa-free visit purposes, currently limited to business, tourism, and visiting relatives, will include 'exchange visits,' and the visa-free stay period in China will be extended from 15 days to 30 days.
Accordingly, people participating in academic, cultural, religious, and non-governmental organization exchanges, short-term volunteers, and overseas experts will also be able to stay in China visa-free for 30 days.
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