Page 616 - B2B all year round_UPDATE 5

Healthcare Healthcare Town, a medical tourism complex in Jeju, is designed to meet the increasing Healthcare Town ‘HEALING HILLS’
demand for good health and emotional healing. Healing Hills, the healthcare town
Town offering specialized global medical services with the stunning natural background
of the beautiful Jeju, is promoting the development of Korea’s medical industry and
tourism.
Healthcare Town
Healthcare Town, new engine for growth
The medical tourism market in Asia is undergoing fierce competition. In response to this
trend, the Korean government designated medical tourism as one of 17 new growth engines in
2008, leading JDC to launch the Healthcare Town project in the same year. The infrastructure
of the facility was completed in September 2016, and the growing sophistication of the island's
medical tourism infrastructure is currently well under way.
Healthcare Town will not only meet the rising demand for premium medical services, but also
serve as a hub of medical tourism by holding various events that can promote the healthcare
industry, including seminars and conferences.

Project Overview Expected Benefits Project Timeline
• Location Donghong-dong and Topyeong-dong, Dec. 2006 Master plans finalized and announced for new
Seogwipo-si projects for the Jeju Free International City
•Area 1,539,339㎡ (approx. 470,000 pyeong) Dec. 2009 Development project approved, developer
•Project Period 2008~2021 designated, and implementation plans
•Project Cost 1,567.4 billion KRW (218 billion approved/announced
KRW by the public sector, and 1,349.4 billion Nov. 2010 Jeju Investment Promotion Zone designated
KRW by the private sector) •Economic Dec. 2011 Commenced site preparation work (completed
Benefits
•Major Facilities R&D, shopping mall, 3,100 billion KRW in Sep. 2016)
accommodation, recreational/ Oct. 2012 Agreement signed between JDC and
cultural facilities, sports/entertainment, Greenland Holding Group for development of
public/convenience facilities Healthcare Town
•Transportation and Surroundings Nov. 2012 Commenced construction of the recreational
- Approx. 50 min from Jeju International •Job creation condominium as Phase I of the Greenland
Airport by car Holding Group project (completed in Aug. 2014)
- Approx. 5 km from the center of Seogwipo-si Oct. 2014 Commenced construction of Healing Town
- Hallasan National Park located at the rear, Jobs for 20,000 people (and more facilities) as Phase II of the
and the scenic views of Seogwipo city and Greenland Holding Group project
Chilsimni Beach given Dec. 2015 Greenland International Medical Center,
- Located near Cheonjiyeon Falls, Jeongbang foreign health care institution, approved by
Falls, Soesokkak Estuary, Donnaeko the Ministry of Health and Welfare (completed
Recreation Area, Jungmun Resort, and many in Jul. 2017)
more tourist attractions

18 19