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Industry

Jeju, which received a triple crown from UNESCO Natural World Heritage site and
Investment selected as of the New 7 wonders of Nature, is famous for its natural environment and Investment and Development
unique island culture. JDC continues to invest in and support Jeju’s advanced industry,
and Business education, tourism and clean industry to develop Jeju’s own nature, culture and value of Business Benefits
people and to help it becoming a genuine ‘Free International City’. We hope you are
Benefits conscious of your ideal life and the business success in this place with infinite potential. Support

Based on the Special Act of Jeju Free International City, Jeju is operating a system unique
from other local governments. It not only provides tax reduction and financial support for
domestic and foreign companies’ stable settlement in Jeju but also all kinds of investment
Easy access by air to 18 domestic/overseas benefits for businesses.
cities of five-million population or more

Cities with population of 10-million Globalization
Cities with population of 5-million Shenyang

Beijing Reinforcement of foreign investment zones Benefits for ship registration special district Support metropolitan companies in
Tianjin KOREA JAPAN & investment companies Ships whose port of registration is in Jeju relocating to rural regions
Dalian
Yantai Seoul • Provide administrative, financial support, or certain foreign ships are qualified for • Grant reduction or/and exemption of taxes
including national taxes(corporate tax,
and convenient service for foreign
exemption of acquisition tax, property tax,
Tokyo investments common facilities tax, local education tax, income tax) and local taxes(acquisition tax,
Qingdao
Jinan • Sort foreign investment areas as complex farming and fishing villages' special tax, with registration tax, property tax)
Osaka and separated types, to provide all kinds of the exception of registration tax • Financial support in compliance with
tax favors and system-related supports the Special Act on Balanced National
Development
CHINA Nanjing JEJU • 100% exemption of local taxes in foreign Improve foreigner immigration control • Financial support for business start-ups
investment areas for 15 years
Suzhou Shanghai • Set up a special housing supply system for system and competitiveness reinforcement
Hangzhou houseless foreign residents within the limit • Allow 180 countries to travel or via Jeju
Ningbo of 10% of private housing without visa
• Apply special cases on foreign investment • Extend the stay of professionals related to Improvement in medical conditions for
companies’ hiring oaged or nationally the development of Jeju Free International globalization
merited employees City for up to five years (able to re-extend) (Special Act benefited from Jeju Law and
Taipei • Companies hiring aged or nationally Jeju Health Care)
merited employees can receive • Allow establishment of foreign medical
Hong Kong
employment subsidy of 1 million won per Simplify procedures related to various institution
one employee (up to six months) regulation licensing when conducting • Allow possessors of medical and
development project pharmacist licenses to work for medical
Present conditions of Jeju Free International City Progress of tourists Industrial structure If someone who intends to carry out a institutions or pharmacies built by
Benefits for investment promotion districts development project wishes to obtain an foreigners
Secondary • The only place in Korea where tax approval for it, he or she is regarded as having • Allow the promotional acts of foreign
Biosphere Reserve designated by UNESCO (2002) 2013 10,089 thousand persons industry
Designated as Peace Island (2005) 4.3% reduction or/and exemptionare allowed for obtained the permission, authorization, medical institutions intended to attract
Jeju Special Self-Governing Province established (2006) 2014 12,273 thousand persons both Koreans and foreigners approval, negotiation and declaration of the patients
Designated as UNESCO Natural Heritage site (2007) Primary • Grant all kinds of tax favors and supply relevant laws including Grassland Act and
Designated as NESCO Global Geopark (2010) 2015 13,000 thousand persons Tertiary industry
18.4%
industry
Population 680,000 2016 15,000 thousand persons 77.3% special cases regarding national and public Mountainous District Management Act, to
Area 1,848.8k㎡ (1.8% of the national total land area) 2017 property simplify the development procedure.
Climate Subtropical oceanic climate with four • Grant case-by-case supporting benefits for
distinct seasons nurturing core industries of Jeju
Gross production 16.9106 trillion won

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