2023 Global Partner Making Jeju Sustainable Project Guide & Investment Proposal JDC
Contents 1. Statistics of Jeju 04 2. Jeju Investment Support Programs 06 Jeju & Investment Incentives Part.1 1. Jeju Free International City Development Center (JDC) 10 2. Core Projects of JDC 13 JDC & Jeju Free International City Part.2 1. Jeju Science Park 2 18 2. Global Education City 24 3. ROUTE330 33 Projects of JDC subject to Investment Part.3
Clear blue sky and sea with Jeju Island in between The clouds, glistening waves, clear blue sky; Your journey awaits with JDC.
part. 1 Jeju &Investment Incentives 1. Statistics of Jeju 2. Jeju Investment Support Programs
04 JDC Investment Proposal Invest in the Future of Jeju 1. Statistics of Jeju Jeju Island, as a ‘Free International City’ gifted with natural environment, is to be established as a business hub for Northeast Asia. Area Approx. 1.7 times of Hong Kong and 2.5 times of Singapore 1,850.1㎢ Approx. 14M (as of 2022) Industrial Structure General Statistics of Jeju Approx. 0.7M including 21K foreigners (as of December 2022) Population Number of tourists Designated as UNESCO Biosphere Reserve in 2002 Triple Crown in Natural Science Field by UNESCO Natural Environment * Bank of Korea, 2019 Certified as UNESCO Global Geopark (In 2010, 2014, and 2022) * Opening the first UNESCO Global Geopark Conference in Korea (Dec, 2021) Registered as UNESCO World Natural Heritage Site in 2007 Construction 9.9% Agriculture, forestry, and fisheries 8.8% Manufacturing 3.9% Others 2.2% Services 76.1% Nominal ratio compared to total gross value added of GDRP
05 part 1. Jeju & Investment Incentives Features of Jeju SOC Solid foundation for vibrant economic activity - Sufficient SOC (Social overhead capital) such as airport, seaport, roads, etc. allowing development at its minimal cost Location Central hub connecting to major cities in East Asia - Connectivity to major metropolises in East Asia such as Seoul, Tokyo, Beijing, Shanghai, etc. - Located within 3-hour flight distance to 16 meacities in East Asia, with population of 10M or more. - Tourist city with eco-friendly, natural environment, attracting over 10M visitors per year. Self - governing Province Self-governing Province subject to self-regulation - Designation as a ‘Free International City’, 2002, National Government, Rep. of Korea - Equipped with international-level business infrastructure - Providing incentives, tax exemptions to national/international investors - Guaranteed administrative efficiency with confirmed autonomous right in all areas (excl. national def, diplomacy and justice), and over 4,500 cases of central authority transfers. Environment Natural resources, Clean environment - World’s only region to win three designations in natural science by UNESCO - Containing biogenetic, and natural resources such as subterranean water and volcanic sea water - Carbon Free Island (CFI) 2030 Project - Responding to 100% of electricity demand with renewable energy by 2030 - Replacing up to 75% of registered transportation with eco-friendly electronic vehicles. 2030 CFI
06 JDC Investment Proposal Invest in the Future of Jeju 2. J eju Investment Support Programs Jeju provides utmost support to national/international investment companies as well as relocating busiensses in Jeju with various programs. For Domestic Investment ① District Investment Promotion Subsidy Eligibility Businesses relocating from metropolitan area or extending their branch, orv newly established in Jeju. Target industries Manufacturing, Information and Communications, Knowledgebased Service (with exceptions to certain areas of business) Details Subsidies for locating and equipment ② Jeju Special SelfGoverning Province Investment Promotion Ordinance Eligibility Businesses relocating from metropolitan area or extending their branch, orv newly established in Jeju. Companies investing in Culture, or information and Communications industry Details - For Businesses relocating from metropolitan area or extending their branch, orv newly established in Jeju : Support on subsidies for employment, education and training, equipment, brokerage fee, costs for new and renewable energy facility, logistics, residence, and additional support for exporting businesses. - For Businesses relocating from outside of metropolitan area to Jeju : Support on subsidies for employment, education and training, equipment, brokerage fee, costs for new and renewable energy facility, logistics, residence, and additional support for exporting businesses. - For Businesses investing in Culture, Information and Communications industry : Support on property rent, cost on equipment, subsidies for employment, education and training - Other : Support on preparation for attracting investment (office rent), special subsidies for mega-rounds - Unique incentive aimed to promote and support capital investments made in Jeju by domestic or foreign entities. - Requirement : New domestic or foreign investment of appointed amount or more to operate a business within one of designated industries Jeju Investment Promotion Zone (JIPZ) Types of Investment Promotion Zone Individual-type Complex-type Details Exemptions on national taxes (corporate tax, income tax, tariff), local taxes (acquisition tax, property tax), and other levies (development levy, farmland conservation levy, alternative grassland composition fee, etc.), national and public property lease * For more informaiton and details on JIPZ, vsit https:// www.investkorea.org/jj-en/index.do or scan the QR code Scan me!
07 part 1. Jeju & Investment Incentives ③ Special Tax Treatment Control Act National taxes Exemption on corporate tax (up to 5 yrs, partial reduction thereafter) Local taxes Exemption on acquisition tax, and registration license Reduction oon property tax when the business (factory) is relocating from dristrict area. Eligible areas Complex type, development type, and service type Support details Rent reduction ① Foreign Investment Zone Eligibility criteria Companies with foreign investment ratio of 30% or more ③ Cash support for foreign investment Support details Support for establishing factories and research facilities * Cash support: A system of paying some of the business expenses in cash when certain requirements are met in order to promote foreign investment that contributes significantly to the national economy, such as businesses accompanying new growth engine technologies, companies involved in businesses related to advanced technology and high-tech products, and companies that create jobs on a large scale Eligibility criteria Foreign-invested companies, foreign technicians, and foreign workers Support details - Foreign-invested companies: Reduction of acquisition tax and property tax for business real estate properties and exemption of customs duties, individual consumption tax, and value-added tax (for up to 5 years) - Foreign technicians: 50% reduction in labor income tax (for up to 5 years) - Foreign workers: Application of a single tax rate of 19% (for up to 5 years) ② Exemption on taxation for foreign investments according to 「Restriction of Special Taxation Act」 - Foreigners under Articles 18 to 20 of the Foreign Investment Promotion Act For Foreign Investment Eligibility criteria Companies with foreign investment ratio of 30% or more ④ Support for foreign investment under the 「Jeju Special Self-Governing Province Investment Promotion Ordinance」 Support details Support for establishing factories and research facilities * Definition of “foreign-invested company”: A company or nonprofit corporation with foreign investment ratio of 30% or foreigner as primary shareholder defined in Article 2 (1) 6 of the Foreign Investment Promotion Act * For more information on the incentives for investing in Jeju, please refer to the 2023 Jeju Corporate Investment Support Program Brochure. Scan me!
08 JDC Investment Proposal Invest in the Future of Jeju part. 2 1. Jeju Free International City Development Center (JDC) 2. Core Projects of JDC JDC &Jeju Free International City
09 part 1. Jeju & Investment Incentives
10 JDC Investment Proposal Invest in the Future of Jeju 1. Jeju Free International City Development Center (JDC) JDC was established in May, 2002, in accordance to 「The Special Act on the Establishment of Jeju Special Self-Governing Province and the Development of Free International City」. As a national public organization affiliated to the Ministry of Land, Transport, and Infrastructure, JDC acts as a communicator between the central government and Jeju, to develop Jeju into a free international city; a hub for business and exchange in northeast Asia Our Values Creating Free International City Like Nature, Thinking Future, Reaching Worldwide MISSION Balance Pursuing businesses and innovating management to balance efficiency and public interest Exchange Promoting exchange and collaboration nation and worldwide for strengthening global competence Speciality Discovering and implementing specialized capabilities to promote regional growth Trust Forming consensus among stakeholders and strengthening accountability for ESG practices CORE VALUE VISION Making Jeju Sustainable Global Partner, JDC
11 part 2. JDC & Jeju Free International City Our Duties Implement key projects (high-tech, education, healthcare, tourism, environment) Investor relations, PR, and marketing related to Free International City Projects to increase income and support globalization Operation of designated duty-free shops to raise funds Cooperation System with Related Entities Government of the Republic of Korea •제주지원위원회 Office of Government Policy Coordination / Jeju Support Committee Ministry of Land, Infrastructure and Transport Jeju Special Self-Governing Province Jeju Free International City Development Center
12 JDC Investment Proposal Invest in the Future of Jeju JDC and ESG JDC is engaging in ESG management by identifying and implementing a wide range of projects for the development of Jeju Island and practicing social contribution programs that broadly benefit the local community. Good Job Creation Projects • Creating jobs in the public and private sectors • Assisting the new middle-aged generation to find jobs • Creating a total of 17,849 jobs over the course of 5 years from 2022 to 2026 Talent Development Projects • Future AI Talent Development Program, JDC Academy Program, and Jeju Regional Talent Development Program • Scholarship Program for Excellent Talents Regional Win-Win Relationship Projects • Community projects • Contribution to the Rural Development Fund • Contribution to the Rural Win-Win Cooperation Fund Welfare Sharing Project • Supporting the underprivileged • JDC Dream Sharing Volunteer Group • JDC Specialized Vehicle Program Cultural Promotion Projects • Strengthening the tourism sector • Culture and arts support program • Participation in and sponsorship of the Jeju Forum Environmental Conservation Projects • Gokjawal Conservation Campaign and promotion of Gokjawal Ecological Park Progress 2002.05 Establishment of Jeju Free International City Development Center (JDC) 2005.04 Relocation of the headquarters to Jeju 2012.10 Opening of the international school, Branksome Hall Asia 2013.09 Conclusion of a business agreement on the Jeju Myths and History Theme Park between JDC and Greenland Group (China) 2018.12 Opening of the Jeju Innovation Growth Center 2002.12 Opening of duty-free shops for Korean nationals 2011.09 Opening of the international schools, NLCS Jeju and KIS Jeju 2012.10 Conclusion of a business agreement on a healthcare town between JDC and Greenland Group (China) 2017.10 Opening of the international school, SJA Jeju 2014.04 Opening of the Jeju Aerospace Museum 2020.08 Completion of construction of public rental housing 2016.12 Designation of Jeju Advanced Science & Technology Complex II and approval of the development plan 2021.12 Completion of construction of the Medical Service Center in the Healthcare Town
13 part 2. JDC & Jeju Free International City 2. Core Projects of JDC JDC has invested a total of KRW 7,475.4 billion in the Jeju Free International City Establishment Project to build related infrastructure. Main Project Areas and Performance Education [Global Education City] Operating International Schools • NLCS Jeju, BHA, SJA, and KIS Jeju • Total of 4,812 students enrolled, at 92% capacity Reduction on expenditure for international studies Accumulative amount saved (estimated) USD 825M Advanced Science [Advanced Science & Technology Complex] approx. 203 companies in resdience incl. Kakao 100% of property sold for Industrial & facility use Sales in 2022 Approx. USD 5.2 Bil Employees 3,131 ppl • Investment from Hong Kong Landing Group (Sept. 2013) • Opened the first phase section of the resort (April 2017) USD 1.4 Bil invested out of USD 2.7 Bil to be invested in total Employees 1,217 ppl Toursim [Jeju Myths and History Theme Park] • Attracted investment from Greenland Group of China (Oct. 2012) • Completed site development (Sept. 2016) • Completed construction for the Medical Service Center (Jan. 2022) • Laid groundwork for high-value-added medical tourism Healthcare [Healthcare Town] Sales in 2022 USD 484M Cumulative sales USD 5.3 Bil • Overcame COVID-19 crisis • Reinvested all proceeds in the creation of Free International City Duty-Free [Designated Duty-Free Shops]
14 JDC Investment Proposal Invest in the Future of Jeju Major Projects of JDC Daejeong-eup Andeok-myeon Hallim-eup Aewol-eup Hangang-myeon Jeju City Seogwipo City Established as the best integrated tourism complex in Northeast Asia with a theme of myths and history Myths and History Theme Park Location Seogwang-ri, Andeok-myeon, Seogwipo-si Area 3,985,601.4㎡ (Approx. 426M ft2) Project Period 2006 - 2021 Main Facilities Integrated resorts (theme parks, water parks, hotels, MICE, casinos for foreigners, themed streets of East-West/Oriental/European, etc.), Jeju Myths and History Theme Park, etc. 1 Established as an international education hub taking a domestic approach to overseas studies, by providing world-class academic services Global Education City Location Daejeong-eup, Seogwipo-si Lot 3,790,597.7㎡ (Approx. 37.9M ft2) Project Period 2008 - 2024 Main Facilities I nternational schools (7), residential and commercial facilities, English education center, educational and cultural facilities, support facilities, and foreign educational institutes 2 Established as a new educational tourism infrastructure in the field of aviation and space Jeju Aerospace Museum Location S eogwang-ri, Andeok-myeon, Seogwipo-si Area 30,578,512㎡ (Approx. 327M ft2) Main Facilities A viation History Hall, Astronomical Space Hall, Themed Video Hall, and Outdoor Exhibition Hall 3 3 2 1
15 part 2. JDC & Jeju Free International City Jocheon-eup Gujwa-eup Seongsan-eup Namwon-eup Pyoseon-myeon Medical tourism investment project by JDC Jeju Healthcare Town ‘Healing Hills’ Location D ongheung-dong and Topyeong-dong, Seogwipo-si Area 1,539,339㎡ (approx. 16.4M ft2) Main Facilities M edical R&D centers, healthcare centers, specialized hospitals, rehabilitation centers, etc. 7 Jeju Science and Technology Park 2 (construction in plan) Enhancing competitiveness of Jeju by establishing an industrial complex of advanced industry such as IT, BT, CT, and ET in connection with Jeju Science & Technology Park 1 Location Wolpyeong-dong, Jeju-si Area 848,163㎡ (Approx. 910K ft2) Project Period 2016 - 2027 Main Facilities I T, BT, CT, ET companies, public and private research institutes, etc. 6 a national industrial complex adjacent to Jeju National University and Jeju International University, optimized for the establishment of the industry-academiaresearch cluster, obtained excellent accessibility as the provincial government office, city hall, Jeju International Airport, and Jeju Port are located within a 10km radius Jeju Advanced Science & Technology Complex 1 Location Ara-dong, Jeju-si Area 1,098,878.1㎡ (Approx. 12M ft2) Project Period 2005 - 2025 Main Facilities I T, BT, ET companies, public and private research institutes, etc. 5 Public Rental Housing Supporting residential stability in Jeju Island by supplying public housing and providing welfare services Location W olpyeong-dong, Jeju-si (A23 Block, Advanced Science & Technology Complex) Area 48,792.7㎡ (Approx. 522K ft2) Project Period 2 016 – 2020 (occupancy completed 100%) Main Facilities 7 93 units of apartment houses and additional welfare facilities 4 7 6 4 5
16 JDC Investment Proposal Invest in the Future of Jeju part. 3 Projects of JDC subject to Investment 1. Jeju Science Park 2 2. Global Education City 3. ROUTE330
17 part 2. JDC & Jeju Free International City
18 JDC Investment Proposal Invest in the Future of Jeju 1. Jeju Science Park 2 The 2nd Jeju Science and Technology Park, not only contributes to extending advanced technology industry in Jeju, but also focuses on creating an eco-friendly, tech-specialized complex. The objective of the project is to enhance competitiveness of Jeju as a business hub, as well as fulfilling the demands of high-tech industries such as IT, BT, CT, and ET. To enhance competitiveness of Jeju as a business hub, as well as fulfilling the demands of high-tech industries such as IT, BT, CT, and ET. Project Objective Project Overview Location Wolpyeong-dong, Jeju-si, Jeju Special Self-Governing Province Area and Project Cost 848,163㎡ (Approx. 910K ft2) USD 234M Project Period 2016 - 2027 Target Industries Companies, research institutes, etc. related to IT, BT, CT, ET, and R&D
19 part 3. Projects of JDC subject to Investment Progress 2016.12 Designation as a national industrial complex and approval of development plan (MOLIT) 2018.11 Formation of the Compensation Council 2020.12 Completion of transfer of project site ownership to JDC 2023.07 Completion of working design 2017.07 Public briefing of and public hearing for environmental impact assessment 2019.06 Compensation consultation kickoff 2022.12 Approval of development implementation plan (Jeju Province) 2028 Completion of site development (planned) Direction To build a 2nd Jeju Science & Technology Park based on convergence industries and advanced science and technology 04 Implementation of projects in connection to Jeju provincial government policies - Supporting and fostering electric and hydrogen vehicle, autonomous driving, and service industries - Linked with the Jeju Innovation Growth Center 01 Establishment of infrastructure - Industrial, residential, support, and complex facilities, etc. - Connecting transportation networks such as access roads - Near major facilities such as the airport and provincial government office 02 Establishment of a convergence complex for hightech industries - IT, BT, CT, ET, and R&D - Industry-university-research cluster - Formation of a network with the first phase section 03 Fostering and supporting innovation-driven industry - New high-tech industries - Fostering startups and venture businesses - Support programs for resident companies, etc. Expected Effects Job Creation Added Value Production 12,000 jobs Newly employed 3,600 people Approx. USD 515M Ripple effects on production, employment, etc. through construction investment and business activities Approx. USD 960M
20 JDC Investment Proposal Invest in the Future of Jeju Residence (Single) Residence (Communal) Industrial Facility Research Facility Complex Facility Support Facility School Parks (Neighborhood Park & Pocket Park) Greenery River Water Reservoir Detention Pond Parking Lot Wastewater Reclamation and Reusing System Roads Electricity Supply Facilities Jeju Advanced Science & Technology Complex II Layout Plan BT BT BT BT BT BT Water Reservoir 1 Detention Pond 4 Complex Facility Complex Facility IT IT IT Neighborhood Park 1 Neighborhood Park 1 Support Facility Support Facility P6 P7 P4 P5 Apartment R&D R&D School 1 R&D CT, ET CT, ET CT, ET CT, ET CT, ET Detention Pond 3 Neighborhood Park 1 Detention Pond 2 Wastewater Reclamation and Reusing System Detention Pond 1 Single-family Homes P2 P3 P1 Pocket Park 1 CT, ET CT, ET Electricity Supply Facilities 1
21 part 3. Projects of JDC subject to Investment Jeju Science & Technology Park 1 A recreational science and technology complex supporting education, research, and growth of startups in fields of information & communication, and biotechnology; taking a industrial transformation from tourism-oriented to multilateral business environment, and revitalizing local economy. Layout Plan by Land Use and Business Type Land composition according to land use Layout Plan by Business Type Project Overview Location Characteristics Optimized industry-universityresearch cluster including Jeju National University and Jeju International University, along with easy access to public services having provincial office, city hall, Jeju International Airport, and Jeju Port within 10km radius. Location Ara-dong, Jeju-si, Jeju Special Self-Governing Province Area and Total Investment 1,098,878.1㎡ (Approx. 12M ft2) USD 668M Project Period 2005 - 2031 Target Businesses IT and BT companies, public and private research institutes, etc. BT 145,187㎡ (38.2%) CT, ET 84,688㎡ (22.3%) IT 66,769㎡ (17.5%) R&D 83,611㎡ (22.0%) Total Area 380.255㎡ (100%) Total Area 848,163㎡ (100%) Public Facility Land 372,948㎡ (44.0%) Industrial Facility Land 339,274㎡ (40.0%) Complex Facility Land 54,525㎡ (6.4%) Residential Facility Land 52,008㎡ (6.1%) 29,413㎡(3.5%) Support Facility Land
22 JDC Investment Proposal Invest in the Future of Jeju Support Programs Strengthening Technological Prowess • Growth package tailored to commercialization (R&D) Job Creation • Use of the Advanced Science & Technology Complex website • Recruitment positions for resident companies Sales Growth • Project to foster high-tech small businesses • Residing business collaboration project • Fund operation, etc. Improvement of Working Environment • Demonstration of micro electric vehicle sharing program (MOTIE) • Subsidization of transportation costs for employees of SMEs (MOTIE) • Operation of health center, etc. Government Policies • Matching and consulting for government support projects Track Record (as of 2022) Number of Residing Companies 203 Number of Employment 3,131 Sales of Residing companies Approx. USD 5.2Bil Export volume of Residing companies Approx. USD 30M Number of Residing Companies 45 companies Jeju Innovation Growth Center 7 companies Jeju Industry-University District 25 companies (Kakao, ESTsoft, BMI Korea, etc.) Pre-Sold Properties 101 companies (Smart Building, Elite Building, and pre-sold properties) Leased Properties Scan the QR code to access our promotional clip on Youtube Scan me!
23 part 3. Projects of JDC subject to Investment Industrial facility site Research facility site Communal residential site Single residential site Production activity support facility Neighborhood living facilities School site Jeju City Jeju National University Jeju Advanced Science & Technology Complex I Layout Dentium MJ Kakao ESTsoft E2Z Berry Entertainment & Media Lot for support facilities Jeju Industry-Academia Convergence District Corporate Research Center, Industrial Complex Campus Korea Leading Energy Management Korea Leading Energy Management Korea Electrical Safety Corporation Daeeun Electrical Bota medi Foretek Micro System Jeju Innovation Growth Center (Route 330), Jeju Special SelfGoverning Province Development Co., Semiyang Building JDC Happy Housing JDC Jeju High-Tech RicheVille School site Single-family home Kkumegeurin Apartment II Kkumegeurin Apartment III Kakao Space.1 Kako Space.2 Kakao Space.Kids JDC Elite Building BMI Korea JENONG eINS S&C DRM City Center Smart Building Bio Spectrum SKINCURE NewGen Pharm Global Zeus Jeju Farm Agricultural Cooperative Corporation Jeju General Business Center Mtree JTP Digital Convergence Center CS Jeju Farm 21 Category Area(㎡) Share(%) Subtotal 414,912.9 100% Research facilities 22,991.2 5.5% Biotechnology (BT) 22,627.1 5.5% Information technology (IT) 332,130.9 80.0% Research facilities, information and communications, and biotechnology 37,163.7 9.0%
24 JDC Investment Proposal Invest in the Future of Jeju 2. Global Education City The Global Education City is one of the key national projects, taking a domestic approach to overseas studies, promoted in 2006 according to government policy of builiding city of foreign language. By leveraging its strength as an eco-friendly city of education with infrastructure for convinient lifestyle, Global Education City is a rising international education hub in Northeast Asia, resulting excellence in academics, and univesity entrance. To establish academic infrastructure providing education for residents and to fulfill the demands of overseas studies Project Objective Project Overview Location Gueok-ri, Boseong-ri, and Sinpyeong-ri, Daejeong-eup, Seogwipo-si, Jeju Special Self- Governing Province Area and Project Cost 3,790,598㎡ (Approx. 37.9M ft2) USD 1.42 billion Project Period 2008 - 2031 Main Facilities Four international schools (NLCS Jeju, BHA, SJA Jeju, and KIS Jeju), English language education center, residential facilities, neighborhood living facilities, etc.
25 part 3. Projects of JDC subject to Investment Progress 2006.12 Announcement of plan to create an English-only town 2009.06 Groundbreaking for site development 2012.10 Opening of BHA 2014.07 Opening of the English Education Center and 119 Center 2007.09 Establishment of a master plan for Global Education City (Prime Minister’s Office) 2011.09 Opening of NLCS Jeju and KIS Jeju 2013.09 Opening of KIS Jeju High School 2017.10 Opening of SJA Jeju 2019.06 Opening of multipurpose sports field Incentives Provided by the Investment Promotion District Reduction of national taxes - Exempted from corporate and income taxes for 3 years and 50% reduction for the next 2 years - 50% reduction of corporate and income taxes for development project implementers for 3 years and 25% reduction for the next 2 years - Exempted from tariffs on capital goods imported for direct use by the target business within 3 years from the date of designation Reduction of local taxes - Exempted from acquisition tax for up to 5 years from the date of designation (first real estate acquisition date in the case of complexes) - Exempted from property tax for 10 years from the date of designation (date of first tax obligation in the case of complexes) Reduction of various levies - Exempted from the development levy and shared water occupancy and usage fee - 50% reduction of farmland conservation levy, alternative grassland, and forest resource creation fee, 15% reduction of the sewage producer levy Investment Attractiveness Domestic and foreign recogized academic qualifications 100% admission guaranteed for Korean nationals Free of regulation for estabilishing domestic or foreign profit and non-profit corporate Guaranteed autonomy for schools and deregulation of establishment
26 JDC Investment Proposal Invest in the Future of Jeju Category International schools in Jeju Foreigner schools Foreign education institutions Area Global Education City in Jeju Special Self-Governing Province Nationwide Incheon, Hwanghae, Jeonbuk, Daegu, Gyeongbuk, Gwangyang, Busan, Jinhae, and Jeju Admission criteria for Korean nationals None Must have lived abroad for at least 3 years None Graduate Certificate Recognized Not recognized except for Cheongna Dalton School Recognized Objective To foster foreign language proficiency and global competence among Koreans To educate foreigners residing in Korea and Korean nationals who have lived abroad To attract investment from foreigners and improve living conditions for foreigners Proportion of Korean students Up to 100% 30% of the student population (+20% depending on the school rules) 30% of the student population (elementary/middle school: +20% depending on the school rules; high school: no restrictions) Establishment criteria State Jeju Special Self-Governing Province Domestic or foreign corporation in (profit or nonprofit organization) Foreigner Nonprofit foreign corporation Korean educational foundation Nonprofit foreign educational foundation How we are different Track Record Operation of internatioanl schools Record-high admissions rate Total of 4,812 students enrolled Admissions rate of 91.9% (highest rate amongst international schools in Korea, as of Sept. 2022) Local Impact Population growth - An increase of 6,500 ppl in Daejeong-eup since the establishment of Global Education City (2010) Income generation - Enabling growth in income within the province USD 144M (as of 2022) USD 1.1Billion (accumulative) Enrolling in worldclass universities On average of 49.4% of graduates admitted to world’s top 100 universities (from 2020 to 2022) Alumni of 1,452 students (from 2014 to 2022) More than 90% of graduates enrolled in universities overseas Reduction on expenditure for international studies Accumulative amount saved by preventing foreign currency outflow USD 825M
27 part 3. Projects of JDC subject to Investment Expected Effects ※ The ratio of applicants to successful candidates is the sum of three schools (NLCS Jeju, BHA, and SJA Jeju) Increasing Competition in Admission to International Schools in Jeju 19 / 20 3,902 students # of students Ratio of applicants to successful candidates 1.6 : 1 Enrollment rate 74.5% 21 / 22 4,582 students # of students Ratio of applicants to successful candidates 2.2 : 1 Enrollment rate 87.5% 20 / 21 4,080 students # of students Ratio of applicants to successful candidates 2.0 : 1 Enrollment rate 77.9% 22 / 23 4,812 students # of students Ratio of applicants to successful candidates 4.1 : 1 Enrollment rate 91.9% 3 additional international schools to be founded entirely with private capital Further strengthening its competitiveness as a Global Education City Expected savings on currency outflow USD 260M per year when reached goal of 9,000 students enrolled Strong contribution to reduce expenditure for studying abroad
28 JDC Investment Proposal Invest in the Future of Jeju International School Site – 5 lots Foreign Educational Facilities – 1 lot English Education Facilities Residential Complex Neighborhood Living Facilities Map of Land Use in Global Education City Housing Housing Raon Private Apartment English Education Center Housing English Education City 119 Center H-13 H-14 H-16 H-15 H-17 Canons Village Haedong Green and Gold Apartment NLCS Jeju BHA KIS JeJu Church APT Commercial Area Hanwha Kkumegeurin Housing H-18 SJA JeJu Multipurpose sports field Canons Village II Hanshin the Hue Apartment Jeju English Education City Office
29 part 3. Projects of JDC subject to Investment Awakening students’ potential with world-class British education NLCS Jeju, which opened in September 2011, prides itself on providing world-class education based on the educational philosophy and traditions of NLCS UK, a prestigious British school with more than 170 years of history. NLCS Jeju is equipped with an optimal educational environment where students can realize their full potential based on an advanced curriculum and excellent teachers. NLCS Jeju Since its first graduating class in 2014, NLCS Jeju graduates have been continually entering top universities around the world with excellent International Baccalaureate (IB) scores. In 2020, the school was ranked 22nd among IB schools worldwide. In addition to its academic achievements, NLCS Jeju has been recognized internationally for its achievements in various aspects, winning the Best British International School category at the Independent School of the Year Award 2021 and being shortlisted in the Safeguarding category at the International School Awards 2023. NLCS Jeju provides a curriculum that awakens students’ potential, instead of simply preparing them for college admission, and prioritizes cultivating a sense of responsibility and strong selfesteem among students with a structured curriculum. This educational environment encourages students to take risks, even in difficult situations, and to discover and explore their interests and passions. NLCS Jeju also actively offers a variety of extracurricular activities, along with more than 100 clubs and organizations, to help students develop their potential with various successes and achievements outside of the classroom. Opened on September 26, 2011 Number of Students Enrolled 1,463 (as of Sept. 2022) Curriculum Elementary school - British curriculum / Middle school - IGCSE / High school - IBDP Main facilities Kindergarten, elementary, middle and high school, dormitories, performance hall, cafeteria, library, gymnasium, etc. Overview of head school NLCS UK (founded in 1850), named the best private school in the UK (Sunday Times) Capacity 82 classes, 1,751 students Website www.nlcsjeju.co.kr Operating corporation JEINS
30 JDC Investment Proposal Invest in the Future of Jeju Nurturing future leaders with a global mindset BHA, which opened in October 2012, provides an education that emphasizes a sense of responsibility, independence, and enterprising spirit and operates an IB program from kindergarten to grade 12. The school also offers a variety of cultural experience opportunities to help students acquire language skills and develop a global perspective. BHA Based on its five pillars of education, Service Learning, Pathways of Opportunity, Innovation and Design, Culture of Care, and Empowerment, Branksome Hall Asia (BHA) actively supports students to not only achieve academic excellence, but also to develop the qualities of a global talent to help create a better world. Students are encouraged to explore their areas of interest in depth to gain expertise and expand their views at an early age so that they can grow into excellent talents who will shape the future. Equipped with world-class facilities on a 90,000 m2 lot, BHA provides innovative and creative education with a blend of academic and cocurricular activities. Around 40% of its graduates go on to pursue careers in STEM, while other students are provided with the necessary support to pursue their interests in the arts, business, and humanities. Opened on October 15, 2021 Number of Students Enrolled 1,136 (as of Sept. 2022) Curriculum Elementary school - IP PYP / Middle school - IP BYP / High school - IBDP Main facilities Kindergarten, elementary, middle and high school, dormitories, performance hall, cafeteria, library, gymnasium, etc. Overview of head school BH Canada (founded in 1903), a prestigious private school for girls in Canada Capacity 73 classes, 1,495 students Website www.branksome.asia Operating corporation JEINS
31 part 3. Projects of JDC subject to Investment Global Talents Nurtured Based on Inquiry-based Education SJA Jeju, which opened in October 2017, boasts proven educational programs based on the excellent curriculum, educational philosophy, and know-how of the head school in the United States that was founded in 1852 and provides students with education in the Northeast region of the United States. SJA Jeju’s differentiated curriculum, called “Senior Capstone”, is an in-depth curriculum made exclusively available for SJA Jeju’s senior students that encourages students to select a topic of interest to them and research and find solutions on their own. SJA Jeju SJA Jeju, the first U.S. international school in Jeju Global Education City, offers a systematic, inquiry-based curriculum that encourages students to research and analyze, rather than engage in rote learning, based on its educational philosophy of character, inquiry, and a sense of community. With world-class educational facilities and an advanced student-centered education system, SJA is committed to helping students grow into global talents with expertise and creativity by providing them with the best educational environment from kindergarten (age 3) to grade 12. The head school of SJA is a prestigious private school with a 180-year tradition that was founded in 1842 in Vermont, United States. It is an exemplary private boarding school in the United States and a member of the U.S. Department of Education’s Blue Ribbon School Program for its Advanced Placement (AP) program. Opened on October 23, 2017 Number of Students Enrolled 1,126 Curriculum Elementary school - American curriculum / Middle school - American curriculum / High school - AP Main facilities Kindergarten, elementary, middle and high school, dormitories, performance hall, cafeteria, library, gymnasium, etc. Overview of head school SJA USA (founded in 1842), recognized for excellence in the Blue Ribbon School Program by the U.S. Department of Education Capacity 68 classes, 1,254 students Website www.sjajeju.kr Operating corporation JEINS
32 JDC Investment Proposal Invest in the Future of Jeju Designing the future with creative American academics KIS, which opened in September 2011, is the first public international school in Korea built by the Jeju Special Self-Governing Provincial Office of Education and is operated with the participation of YBM. The school has been accredited by WASC, an American school accreditation organization, and follows an American academic curriculum. KIS Jeju KIS Jeju has emerged as a leader in the field of international education, with the aim of providing an education that goes beyond academics with the vision of nurturing responsible, well-rounded leaders who will make a positive difference in the world. KIS Jeju is dedicated to helping students develop a sense of respect, responsibility, cooperation skills, and communication skills based on the DRAGONS philosophy, which is the cornerstone of all learning experiences inside and outside the classroom, and this is the most important part of the education provided by KIS Jeju. D Design our Destination R Respect Ourselves and Each other A Act Responsibly G Get Global O Open Our minds N Navigate the Present, Consider the Future S Serve Others Opened on Elementary and middle schools : September 19, 2011 High school : August 19, 2013 Number of Students Enrolled 1,087 Curriculum Elementary school - American curriculum / Middle school - American curriculum / High school - AP Main facilities Kindergarten, elementary, middle and high school, dormitories, performance hall, cafeteria, library, gymnasium, etc. Capacity 57 classes, 1,262 students Website www.kis.kr Operating corporation YBM JIS
33 part 3. Projects of JDC subject to Investment 3. ROUTE330* : Jeju Innovation Growth Center JDC is operating Jeju Innovation Growth Center to contribute to the government policy of expanding infrastructure aimed to support employment and entreprenuership. The center seeks and supports unicorn startups for growth and innovation * The “route” to innovation and for companies to succeed, while “330” is the street number (330, Cheomdan-ro) To promote growth of Jeju Advanced Science & Technology Complex and revitalization of sustainable local innovative ecosystem by discovering startups and creating jobs Project Objective Project Overview Location Semiyang Building in Jeju Advanced Science & Technology Complex Area and Project Cost 5,802㎡ (Approx. 62K ft2) USD 17M Project Period 2018 ~ Main Facilities Offices for different fields (ICT, AEV(future mobility)), meeting rooms, co-working spaces, makersapce, EV-lab (future mobility lab), accomodations, etc.
34 JDC Investment Proposal Invest in the Future of Jeju Progress 2018.12 Opening of Jeju Innovation Growth Center (ICT convergence and autonomous electric vehicles) 2019.09 Started operation of J-CUBE, a community space for startups and job seekers 2019.06 Started operation of Nanggeuneul, a social venture co-working space 2020.02 Establishment of a dedicated department for Jeju Innovation Growth Center (overseen by the Industrial Development Team) 2020.09 Opening of Makerspace, Jemiman.Lab 2021.01 Reorganization of Route330 (focus on ICT and AEV) 2022.06 Re-selected for a demonstration project to foster the micro electric vehicle industry by MOTIE (Phase II) 2021.11 Opening of EV-LAB (autonomous and electric vehicle research space) Direction of Project Implementation 03 Encouraging entreprenuership within the province Special lectures on entrepreneurship and startups, Networking Day, contests for entrepreneurship ideas, and the establishment of a network of startup support organizations 02 Supporting growth of startups by expanding infrastructure Providing office spaces and facilities for research and creative activity to support investor relations of resident companies 01 Fostering startups and future industries centered on the Fourth Industrial Revolution Operating programs for development of startups and industry to improve growth enginges of Jeju Advanced Science & Technology Complex Core Areas of Support Jeju Innovation Growth Center Advanced Science & Technology Complex innovation and job creation hub Route330 AEV KAIST Fostering future mobility industry Route330 ICT MYCS Fostering promising companies in the industry
35 part 3. Projects of JDC subject to Investment ROUTE330 AEV Route330 AEV supports innovation and growth of tech companies using advanced mobility technology in Jeju. Differentiated programs are run by Jeju Free International City Development Center (JDC) and the Korea Advanced Institute of Science and Technology (KAIST) to support R&D and demonstrations of cutting-edge mobility technology Major Achievements Promising enterprises and institutions in residence 143 entities (Cumulative) Jobs created 818 jobs (Cumulative) Investment USD 90.2M (Cumulative) * As of December 2022 Move-in and Participation Benefits Access to research and laboratory facilities • Use of EV-LAB* equipment (discounted fees) • Use of equipment and facilities of related organizations of Jeju Advanced Science & Technology Complex Exhibition and PR • Financial aid for participation in national and international exhibitions Providing promotional opportunities such as source of media, etc. Facilities and Spaces • Dedicated office space (partial provision of office equipment) • Free Internet, electricity, etc. • Provision of collaboration spaces such as meeting rooms and lounges Mentoring and Consulting • Expert advice on the law, taxation, patents, etc. • Advisory services from startup experts affiliated with Startup KAIST • Opportunities to participate in group classes related to management at specialized accelerators R&D • Support for and cooperation in developing difficult technologies • Opportunities to engage in R&D with KAIST researchers • Cooperation in and support for business planning Jeju Jeju Free International City Development Center (JDC) KAIST STAR Mobility Platform
36 JDC Investment Proposal Invest in the Future of Jeju EV-LAB • EV-LAB : A space for advanced mobility research • Major equipment : Motor dynamo, motor emulator, chassis dynamo, battery cycler, etc. Introduction to Residental Spaces Mobility zone Space for advanced mobility companies to focus on growing their business in a stable environment - Office space for companies - Shared lounge for breaks and networking Solution Zone Space for companies to share ideas and conduct business and R&D - Shared lounge for breaks and networking - Meeting rooms for business meetings and communication on R&D - Co-working space for one-person offices
37 part 3. Projects of JDC subject to Investment Companies in Residence KS LAB KS LAB
38 JDC Investment Proposal Invest in the Future of Jeju Introduction of Spaces for Residents Starter Hall and Lounge (lectures and workshops) ICT Classroom (lectures and meetings) Challenger Hall (lectures and workshops) Benefits for Participating Companies * Accelerator program Entrepreneurship program / 1:1 mentoring / Specialized consulting / Networking program / Demo Day / Open Innovation Meetup / Investor Meetup ROUTE330 ICT Differentiated program by JDC - for unicorn and prospecitve unicorn companies-, aimed to improve business environment and employment by promoting collaboration bewteen technological sectors in Jeju; exerting positive influence throughout the nation, and worldwide. ICT Major industrial themes of Jeju Solving problems and creating benefits for Jeju Discovering new ICT industries Spreading value across Creating jobs IMPACT Accelerating program* Office Space and Accomodation Up to USD 7,400 funding for commercialization (due to application) Connection to direct and followup investment (amount subject to investment method)
39 part 3. Projects of JDC subject to Investment Makerspace ‘Jemiman Lab’ • Founded in accordance to ‘Support project to activate makerspace’ by Ministry of SMEs and Startups, Rep. of Korea • Supporting production of prototypes, promoting special lectures and programs for combining technologies of the 4th Industrial Revolution • Main facilities : 3D Printer, 3D Scanner, Laptops for modeling, etc. Residing Companies
Published Date October 2023 Issued by Jeju Free International City Development Center (JDC) Investor Relations TF www.jdcenter.com Editing/Design/Production DESIGNWITH Tel. +82.2.6951.0402 www.designwith.co.kr ⓒ 2023. Jeju Free International City Development Center All rights reserved. The rights to use the photos and materials contained in this book belong to the Jeju Free International City Development Center. Unauthorized reproduction and distribution of the contents of this book is prohibited. 2023 Project Guide & Investment Proposal Global Partner Making Jeju Sustainable
2023 Jeju Free International City, Like Nature, Thinking Future, Reaching Worldwide
english.jdcenter.comRkJQdWJsaXNoZXIy MTMyNzcxNA==