Global Menu

Contents

Point Out Mistakes

Primary Investment Advantage

  • 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
  • Peace Island with Fabulous Cultural and Natural Settings
    • TripleCrown by UNESCO
      • Biosphere Reserve(Dec, 2002)
      • World Natural Heritage(Jun, 2007)
      • Global Geopark Network(Oct, 2010)
    • Total of 137 designated cultural properties, also with 8,000 types of animals and plants
    • "Biosphere Reserve" (UNESCO), "Healthy City"(World Health Organization)
    • "Island of World Peace" by the Korean Government in Jan, 2005
      • A favorate place for world leaders such as Bill Clinton(USA), Gorbachev(Soviet Union), Jiang Zemin(China), Koizumi(Japan) etc..
      • ASEANKOREA Commenmorative Summit(Jun. 2009)
  • Various Accommodation and Convenience Facilities
    • Accommodation : Tourist Hotels(50), Condominiums(37), Resort Pensions(41) etc..
      • *12 Five Star Luxury Hotels with 3,644 rooms
    • International Convention Center(capacity of 4,300 people) :
      • ADB, PATA, ASTA, UCLG, 38th World Scout Conference, ASEANKOREA Commenmorative Summit, KORJAPCHI Trilateral Summit, 2012 IUCN WCC
    • Dutyfree shops for domestic travellers (4) foreignersonly Casinos (8), Golf Courses(34)
  • Educated Work Force : Approximately 6,000 Annual University Graduates
  • WorldClass Infrastructure including Airport and Seaport : Planned to Expand in Large Scale by 2011
    • International Airport Passenger Handling Capacity :
      • 11,270,000 ⇒ 24,110,000
    • Jeju Seaport Piers & Docks :
      • 2,416m(2006) ⇒ 3,361m(2011) /Capacity of up to 128,000ton Vessels
  • Number of Tourists 2011 (expected): 8.2 million (1000,000 Foreigners, 7.2 million Koreans)
    • 2003: 4,913,000 (221,000 / 4,692,000)
    • 2004: 4,932,000 (329,000 / 4,603,000)
    • 2005: 5,020,000 (379,000 / 4,641,000)
    • 2006: 5,313,000 (460,000 / 4,853,000)
    • 2007: 5,429,000 (541,000 / 4,887,000)
    • 2008: 5,822,000 (540,000 / 5,281,000)
    • 2009: 6,523,000 (632,000 / 5,891,000)
    • 2010: 7,578,000 (777,000 / 6,801,000)

 

Source| Jeju Free International City, http://freecity.jeju.go.kr/contents/index.eng.php?mid=02

Stay Connected with english.jeju.go.kr

Home > Business > Investment Environment > Primary Investment Advantage