Free International City with NO Visa -NO Tax Policy
- Dec. 2001, Korean government designated Jeju as a Free International City - Investment of over $ 35 billion US in tourism business until 2011
- Various incentives including tax exemption for Korean Foreign investors
A Geographically Important Position in Northest Asia as the Center of Korea, China, and Japan
- Access 5 million population or more in 18 major cities within a 2 hour flight range
- Over 10 mil population City(6) :
Seoul, Tokyo, Beijing, Shanghai, Tianjin, Taipei
- Over 5 mil population City(12) :
Osaka, Dalian, Shenyang, Hangzhou, Suzhou, Yantai, Qingdao, Nantong - 23 direct domestic & international flights available daily - 11 domestic flights, 12 international flights
Tourist Complex / Site Development Project
- 23 Authorized Tourists Complex and Sites are in Development
- 3 designated tourism complexes and 11 tourism sites are under development and partial participation of consortiums is also available - Applying for Development of 1 Complex & 9 Sites is Available
Main Development Projects
High-tech Science Technology Complex
- Locationa : Aradong, Jeju City
- Area : 1,096,000m² (270.8acre)
- Business Period : 2003~2011
- Development Cost : 427.4 million USD
- Facilities : High-tech industries including IT·BT, national policy research institute, general support center
- Progress : started construction June 2005, land for sale in the second half of 2006
Clean Jeju is the optimum site for training and educational institutes
- We provide you with all the land that you need
- We support you with infrastructure according to your business scale
- We exempt you from local taxes(property tax) for up to 10 years
Jeju High-tech Science Technology Complex is open for sale to IT·BT businesses at a very low price from Dec. 2006 Net Area : 270.82acre - Use : for high-tech businesses (IT·BT)
We Invite You to the City of Innovation. From Dec. 2007 available for occupation with low prices
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Special Benefits for Foreign Investment
- Grant to Foreigners Only Casino Business in Case of Investing over $ 5 million US
- Increased Benefits Only Casino Bisiness who Qualify & Locate in the High-Tech & Science Park by Jeju Investment Promotion Zone Designation
- Corporate Income Taxes : Exempted 100% for 3yrs, 50% for 2yrs
=> 100% for 5yrs, 50% for 2yrs
- Corporate Income Taxes : Exempted 100% for 3yrs, 50% for 2yrs
- Longer Residence Stays for Foreigners Who Purchase Condominiums over & 200,000 US(3 months => 12 months)
