Invest in the Future of Jeju Part 02. Investment Attractiveness of Jeju Special Self-governing Province 12 13 JDC Project Guide & Investment Proposal 1. Jeju Investment Promotion District The only system in Korea supporting domestic and foriegn capital investment in Jeju. * Terms of Condition : For new domestic and foreign investment for business management by investing a certain amount or more in designated industry. Designated Industries (Areas) 28 industries Desired area Applicable Subjects New investment Domestic and foreign Overview of Jeju Investment Promotion District Total Investment Tourism-related businesses USD 20M or more Other businesses : USD 5M or more ※ Land purchase cost, construction cost, survey/investigation cost, design cost, equipment purchase cost, etc. Pre-implementation - Evidence to to confirm the intention to conduct target business in accordance with individual legal regulations : authorization, permission, approval, reports etc. - Additional designation can be made by the Provincial Governor given the requirements (mentioned above) of legal regulations are equipped. ※ Any other authorities apart from the Provincial Governor are not allowed to designate Investment Promotion District in advance. Individual Type Designated Industries (Areas) 28 industries Areas where there is a decision on an amusement facility or a district unit plan Applicable Subjects Development project operators: State, local government, public institution, local corporation, Jeju Free International City Development Center (JDC), JDCinvested corporation Complex Type Total Investment KRW 100B or more Pre-implementation Secure of ownership or the right to use 2/3 of the premise by the operator. 28 Industries (Businesses) Applicable to Jeju Investment Promotion District - Tourism & hotel, water sports tourism & hotel, Korean traditional hotel(excl. casinos and bonded warehouses among auxiliary facilities), general resort, specialized resort(excl. condominiums and golf courses), sightseeing cruise ship, tourism & performance hall, general amusement facility, international conference facility, tourism & restaurant, marina - Cultural industry, elderly welfare facility, youth training facility, railway, electricity production using new and renewable energy - Autonomous school, international high school, foreign educational institution, international school, education center(training institute) - Medical institutions(excl. clinics, dental clinics, oriental medicine clinics, maternity center), health and medical technology R&D and R&D service - High-tech utilization, F&B manufacturing (factories), cosmetics manufacturing, R&D(limited to high-tech application industry, cosmetics manufacturing, F&B manufacturing)
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