We develop a Free International City where Jeju’s strengths and features are well reflected and contribute to the welfare of the nation

JEJU FREE INTERNATIONAL CITY DEVELOPMENT CENTER JDCOur dreams and hopes History are becoming reality. JDC walks together with you to shape Jeju International Free City where Jeju citizens and all Koreans can enjoy happiness.

12 Foundation of medical centers (Greenland International 11 Resort-type Residential Complex was designated 2015 Hospital) approved by Ministry of Health and Welfare 2009 as the zone for foreign investment 07 Completed construction in Jeju Gotjawal Provincial Park 09 Completed the 1st stage project of Tourism Port 02 Construction of Myths & History Theme Park Began 08 JDC Duty Free expands to airport 06 Commenced the construction of Jeju Global Education City 04 Jeju Aerospace Museum (JAM) Opened 05 Commenced the construction of Jeju Aerospace Museum (JAM) 2014 02 Genting Group signed to participate in Myths & History Theme Park project (District A, R, H) 09 Jeju Global Education City selected as one of the 30 prioritized 2008 regional development projects 10 Completed the sales and purchase agreement for Myths & History 08 Launched a joint venture of Berjaya Jeju Resort 2013 Theme Park properties (Randing, Hong Kong / District A, R, H) 09 Completed the business agreement for Myths & History 12 Commenced the construction of Myths & History Theme Park Theme Park (Randing, Hong Kong / District A, R, H) 2007 and Seogwipo Tourism Port 08 Completed MOA between Randing Group and JDC 12 Groundbreaking ceremony for Seogwipo Tourism Port for development of Myths & History Theme Park development project (Randing, Hong Kong / District A, R, H,) 10 Resort-type residential complex construction began 06 Obtained approval of modification from the execution plan 10 Completed the agreement for Jeju Health Care Town 2012 with Greenland Group (Chinese company) 06 Commenced the construction of Jeju Science Park 10 Branksome Hall Asia Opened 2005 04 Moved headquarter of JDC to Jeju 04 Seogwipo Tourism Port was designated as the two stage port redevelopment project 03 Obtained approval of execution plan 01 Confirmation of the 2nd comprehensive plan of Jeju Free International City Development Center for Jeju Free International City 2004 02 Announced comprehensive plans for Jeju Free International City

12 Completion of project of development 2003 2011 for Resort-type Residential Complex 12 Opened JDC Duty Free 09 NLCS Jeju and KIS, international schools opened 2002 05 Established Jeju Free International City Development Center 08 Commenced the construction of Branksome Hall Asia 01 Proclaimed a special law for Jeju Free International City International School

10 Moved head office of JDC to Jeju Science Park 2010 08 Commenced the construction of NLCS Jeju International School 03 Completed the construction of Jeju Science Park C.I. Introduction The basic theme of JDC’s CI is based on the structure of Jeju Special Self Governing Province, and expresses the gradual expansion and development. Symbolize the ideal harmony among citizens of Jeju, Jeju Special Province, and JDC.

Footprints of Jeju Free International City

2012.09 Approval of the 2nd Implementation Plan of Jeju Free International City 2011.12 Establishment of the 2nd Comprehensive Plan of Jeju Free International City 2007-2010 Promotion of Improvement of the Special Act on Jeju Special Self-Governing Province (2~4 Stages) 2007.06 Revision of the Implementation Plan of Jeju Free International City 2006.07 Implementation of the Special Act on the Establishment of Jeju Special Self- Governing Province and the Development of the Free International City Launch of Jeju Special Self-Governing Province 2006.02 Proclamation of the Special Act on the Establishment of Jeju Special Self- Governing Province and the Development of the Free International City Contents 2005.07 Designated as WTO Healthy City 2005.01 Designated as Island of World Peace 04 Jeju Free International City Development Center (JDC) 2004.03 Implementation Plan of the Jeju Free International City approved by Ministry of 06 Investment Environment Construction and Transportation 08 Investment Incentives 2003.02 Notification of the Comprehensive Plan of Jeju Free International City announced JDC projects (Core/Management/Strategic) 2002.05 Establishment of the Jeju Free International City Development Center (JDC) 10 Jeju Science Park Confirmation of the Basic Plan on Jeju Free International City 14 Jeju Global Education City (Prime Minister's Office) 16 2002.01 Proclamation of the Jeju Free International City Special Law 18 Jeju Healthcare Town 2001.09 Establishment of the Jeju Free International City Promotion Committee 20 Myths and History Theme Park (Chairperson: Prime Minister) 22 Jeju Aerospace Museum Establishment of the Jeju Free International City Promotion Planning Group Resort-type Residential Complex(Jeju Airest City) (Prime Minister's Office) 24 Jeju Gotjawal Provincial Park 2001.02 Establishment of the Jeju Free International City Policy Planning Group (56 experts) 25 Seogwipo Tourism Port 2001.01 Establishment of the Jeju Free International City Promotion Support Group 26 (Ministry of Construction and Transportation) Ocean Marina City 1999.09 Feasibility study and research conducted by Ministry of Construction and Global Culture Complex Transportation (U.S. Jones Lang LaSalle) The 2nd Science Park The results supported the feasibility of developing Jeju Free International City 27 Eco Project 1997.09 Announcement of the President's Plan on the Development of Jeju Free JDC’s Future International City 28 JDC Corporate Social Responsibility Projects • Development Policy : Develop a multi-functional city that encompasses tourism, 30 high-tech industries, distribution and finance to become 32 JDC Duty Free an International City that is more competitive than 34 Investment Guide Hong Kong and Singapore. Invest in Success,

InvestJeju Free International in City Development Jeju's Center(JDC) Future We develop a Free International City where Jeju’s strengths and features are well reflected and contribute to the welfare of the nation Aiming to develop Jeju into a Free International City as competitive as Hong Kong and Singapore, Jeju Free International City Development Center is an affiliated public corporation of the Ministry of Land, Infrastructure, and transport and was launched to support and promote the Jeju development project in effort of the Korean Government. On the basis of JDC’s successful development result of Jeju, we promote a national undertaking for better tomorrow of Jeju. As a public enterprise, JDC will faithfully honor our responsibilities by working together with citizens and local communities.

Jeju Free International City Development Center 04 05 투자환경 Investment The center of Northeast Asia, Jeju

The World now sets its eyes on Jeju Free International City. 18 cities with populations over 5 million close by Environment Flight distance less than 2-hour With the gifts of nature, natural surrounding and scientific value displayed in UNESCO's Triple Crown. (Total population 750 million) Jeju brings together the unlimited potential of 1.15 billion people living within a two-hour of flight which

enables the free flow of people, products, and capitals. Shenyang The international city now boasts its core competitiveness in tourism, education, medicine, primary clean industries, and high-tech industries to the world. Beijing Tianjin Dalian KOREA Jeju international free city receives attention CHINA Yantai as global investment prospect area! Jinan Qingdao JAPAN Tokyo You can realize your dreams of an ideal life Osaka and successful business in Jeju.

Nanjing JEJU Suzhou Shanghai

Hangzhou

Ringbo Cities with population over 10 million Cities with population over 5 million

Taipei

Hongkong

Tourists to Jeju Around Unit : 1000 13,000 12,273 9,691 10,089 General information on Jeju Free International City 7,578 8,200

• Designated as a Biosphere Reserve by UNESCO (Dec. 16, 2002) • Designated as an Island of World Peace (Jan. 26, 2005) 2010 2011 2012 2013 2014 2015 • Launch of Jeju Special Self-Governing Province (July 1, 2006) Industry structure • Registered as UNESCO World Natural Heritage (June 27, 2007) • Certified as UNESCO Global Geoparks Network (Oct 4, 2010) Tertiary Primary industry industry Population 640,000 77.3% Area 1,848.8km2 (1.8% of Korean land area) 18.4% Secondary Climate An oceanic and subtropical climate with four distinct seasons industry Gross Regional Domestic Product (GRDP) 10 trillion 468.7 billion won 4.3% Jeju Free International City Development Center 06 07 Investment Improving the immigration system for foreigners

Improving the medical environment •  The benefits of being convenient for investment, having a strong business base for Travel or transit purpose no-visa entry Incentives in Jeju for internationalization for 180 countries. success and a differentiated environment lead all domestic and international •  • Allowing establishment of foreign for-profit medical clinics. Visas able to be extended for 5 years for companies to success. • Permitting foreign licensed doctors or pharmacists to work professionals related to the development of Jeju provides tremendous benefits including business opportunities in medical centers or designated pharmacies opened Jeju Free International City (additional in its Investment Promotion Zone, no-visa entry, tax-break benefits, by foreigners. extension is possible). • Permanent residency status to foreigners who permanent residency status through investment, and more. • Providing commission and allowing profit-making medical centers to be opened by foreigners and to attract patients. buy Resort-style developments at or over a Seize the opportunity for your business’ success and Enhancing specified price. an ideal life in an optimal investment destination foreign language services with great incentives. •  Administrative offices provide various foreign language services such as written documents in other languages for foreign investors' convenience.

Support for relocation of corporations from the capital to the province

• Tax deduction including national tax (corporate tax, income tax) and local tax (acquisition tax, registration tax, Strengthening support and property tax). • Funding under the Special Act on Balanced National for foreign investment firms Foreign Investment Zone Development. •  100% local tax exemption for 15 years in the foreign •  Funding for start-ups and competitiveness building investment region. • Administrative and financial support and of Jeju Special Self-Governing Province. •  10% of new housing under the Special Provision Program of convenience to promote foreign investment. National Housing will be set aside for sale to hitherto • Categorized to complex type and individual property-less foreigners. investment. A range of tax incentives •  Employment subsidy of 1 million won for each newly hired and support. person per month (up to 6 months) for employment of men of merit or the elderly. Minimizing the legal permissions Investment Promotional Zone procedure for development projects • The only policy system that allows tax incentives for •  Streamlined development procedure for self- both domestic and international firms. developers to get implementation permits, • Numerous tax benefits and applying exceptional cases of authorization, designation, approval, agreement, national and public property. Special Ship Registration Zone reporting, etc, under related laws such as the • Differentiated support to nurture the core industries of Grassland Act and Forest Land Management Act. • Exempting ships that are heading to Jeju Special Self-Governing Province. as a port of shipment or certain foreign ships from acquisition tax, property tax, public facilities tax, local education tax, special tax for rural development, etc. excluding registration tax. Jeju Free International City Development Center 08 09

JDC Jeju Science Park 14 Core Projects Jeju Global Education City 16 Jeju Healthcare Town 18 Korea's dream is to see Jeju become a world-class Free International City. Myths and History Theme Park 20 PNow,rojects JDC is achieving this ambitious dream. Jeju Aerospace Museum 22

Resort-type Residential Complex 24 Management (Jeju Airest City) Projects Jeju Gotjawal Provincial Park 25

Core Seogwipo Tourism Port Projects Strategic 26 Projects Ocean Marina City 26 Global Culture Complex 26 The 2nd Science Park 27 ECO Project 27 Management Strategic Projects Projects Core 01 Projects Jeju Science Park Jeju Science Park Jeju Global Education City

Jeju Healthcare Town

Myths and History Theme Park

Jeju Aerospace Museum

Myths and History Theme Park

Jeju Aerospace Museum Jeju Healthcare Town

Jeju Gotjawal Provincial Park

Jeju Global Education City Resort-type Residential Complex (Jeju Airest City)

Resort-type Residential Complex Seogwipo Tourism Port (Jeju Airest City) Ocean Marina City Jeju Gotjawal Provincial Park Strategic Management Global Culture Complex Projects Projects The 2nd Science Park ECO Project Core Projects

Jeju Science Park with the gifted nature of Jeju and high-tech industry is emerging as a Jeju Science Park resort-type science park. Jeju Science Park is fully equipped with key infrastructure such as pleasant working environment, educational, cultural, residential area and business supporting facilities to strengthen business competitiveness and convenience. Leading companies from home and abroad such as kakao and ESTsoft are already moving to Jeju Science Park. Jeju Science Park has contributed to build Jeju Free International City and will serve as a

cradle of global corporations by offering a creative environment, new opportunities and exciting adventures.

Project overview Transport and Location Business site Yeongpyeong-dong area, Jeju city • Gifted natural environment with view of the coast and Mt Halla Area 1,098,878.1m2 • Project period 2003-2021 Jeju International Airport 10km Expenses 580.0 billion won • Jeju Port 9km, Provincial Government Building and City Hall 7km Business Type IT·BT business, public and private research institute Surroundings and domestic cooperation • Jeju National University, cluster for business, education and research, Current state of Businesses Jeju International University adjacent to the complex and Jeju Techno Park 2015.08 Public Daycare Center opened 2015.06 Jeju Science Park passed preliminary feasibility study (Digital Convergence Center) and Korea Basic Science Institute within the (Ministry of Strategy and Finance) complex 2014.04 Designated center for educating startup business • Support growth and development for firms in Jeju Science Park by (Small and Medium Business Administration) 2014.02 Certified company for sharing performances concluding MOUs with Korea Intellectual Property Office and other offices and win-win growth of labor, accounting, judicial affairs, tax, etc. 2012.04 Host of 7th ASPA LEADER'S Meeting 2011.10 Opened Jeju Smart Work Center Global network 2010.06 Site construction completed 2010.03 Held a building dedication ceremony • Paving the way for global market penetration by boosting project for supportive facilities (office work, production) cooperation and business matching between overseas firms 2009.05 Completed site construction for the complex and companies in the Park through global networks. 2007.01 Announcement of Basic Management Plan • Partnerships with international institutes 2006.01 Appointed management agency for the industrial complex 2005.06 Started site construction of the complex Technium, the UK China, Huirou District of Beijing Investment Promotion Bureau 2004.10 Designated as a national industrial complex and appointed Tsinghua University Science Park (TusPark), China an implementer of the national industrial complex Science Park Ulm, Germany Resort Software Community (RSC), Hainan, China development project Asian Science Park Association (ASPA) ANIA, Japan Kyoto College of Graduate Studies for Informatics (KCGI), Japan International Association of Science Parks (IASP)

Asendas, Singapore

University of Wollongong, Australia

Central Taiwan Science Park (CTSP), Taiwan Southern Taiwan Science Park (STSP), Taiwan Jeju Free International City Development Center 14 15 Core Projects Jeju Global Education City Global Education City boasting beautiful nature and a perfect English education environment offers domestic education services that replace overseas study as part of efforts to strengthen national competitiveness in the Korean service sector as well as decrease the outflow of foreign currency. The lively city with international students will be a global premium city as an education hub in Northeast Asia that combines high-tech, a great educational environment, pristine nature and infrastructure with world-class architectural artistry.

Project overview School zone University zone Business site Daejeong-eup, Seogwipo City • International schools (about 9,000 students in • Over 10 colleges that share one campus. Area 3,792,000m2 elementary, middle and high schools). Project period 2008-2021 Residential and commercial facilities Expenses 1.781 trillion won (public: 459.2 billion won, English Education Center • Residential facilities for about 6,000 families private: 1 trillion 321.8 billion won) • English teacher training, English education and English-using commercial facilities. Current state of Businesses for government officials and adults learners. 2017.09 Scheduled to open St.Johnsbury Academy Jeju 2014.10 Opened English Education Center 2014.07 Opened 119 Center 2013.05 Ground-breaking for 119 Center 2012.12 Ground-breaking for English Education Center 2012.11 CVA with St. Johnsbury Academy View of NLCS Jeju View of BHA 2012.10 Branksome Hall Asia launched 2011.10 Administrative support center construction School overview School overview completed and operative • Type Coeducational school, Day and Boarding School • Type Girl's school (PK~Year 3 Coeducational school), (Provincial Government Building) • Number of students 74 classes, 1,508 students Day and Boarding School 2011.09 NLCS Jeju, KIS Jeju launched • Grading Scale Junior School (Nursery~Year 6) • Number of students 60 classes, 1,212 students 2010.07 Signed CVA (Company Voluntary Arrangement) Middle School (Year 7~9) • Grading Scale PYP (Primary Years Program, JK prep-G5) with Canada’s Branksome Hall Upper School (Year 10~11) MYP (Middle Years Program, G6-G10) 2010.03 Signed CVA with UK’s NLCS IBDP (Year 12~13) IBDP (Year 11~12) 2009.06 Groundbreaking for construction 2009.01 Execution plan approved Education Curriculum Education Curriculum 2008.10 Area allocation and development plan announced • Operation of England NLCS curriculum • Plan to introduce curriculum & IB Diploma 2008.09 Area allocation and development plan legislated & higher grade IBDP of all-grades at Canada Banksome Hall School (City Planning of the Central Urban Committee) • Diploma recognition in both Korea and the UK • Diploma recognition in both Korea and Canada Selected as 5+2 Regional Economic • Student exchange program with the UK NLCS • Staff and student exchange program with Development Project • Comprehensive programs including play, music, art, Branksome Hall in Canada 2007.12 Basic Plan for Global Education City legislated sports and social activities • Reflecting the tradition and educational philosophy of (Jeju Special Governing Province Supporting Branksome Hall with strict educational operation in Committee, Chairman: Prime Minister) * International Baccalaureate Diploma Program (IBDP) a high-tech education environment with high-tech 2006.12 The creation of the Jeju English Exclusive Town IBDP certified by the International Baccalaureate facilities announced (Ministry of Strategy and Finance) Organization (IBO) is recognized world-wide including • Identifying students’ potential and nurturing leadership in Europe and North America and critical thinking to produce future female leaders

Annual savings of foreign exchange outflow, due to replacement of demand in study abroad 2,404 2,000 744 1,698 644 1,320 547 805 259 425

2011 2012 2013 2014 2015

Student number (person) Amount of reduction in outflow of foreign currency (unit : billion won)

Jeju Free International City Development Center 16 17 Core Projects Jeju Healthcare Town Jeju Healthcare Town is transforming into a large-scale medical multi-complex that provides a variety of healthcare services associated with tourism for those who hope for a better life. It also offers state-of-the-art medical services, vacation, and entertainment altogether.

Project overview Transport and location Business site Donghongdong and Topyongdong area, • Approx. 45mins from Jeju International Airport, approx. 5km from the center of Seogwipo City Seogwipo City • Area 1,539,013m2 Positioned behind is Mt. Halla National Park and in front is a panoramic view of Seogwipo Project period 2008-2018 and the Chilshimni coast Expenses 1 trillion 521.4 billion won • Located at the healthy altitude of 235~365m Business Type Medical research center, Foreign medical center,Leisure facility, Global Network Shopping centers and Accomodations • MOU with Sick Children Hospital, Canada • Current state of Businesses MOU with Hubconcepts Inc. Finland 2015.12 Designaion of Greenland Foreign • Membership of Medical Tourism Association (MTA) Investment Zone announced 2015.12 Foundation of foreign medical centers (Greenland International Hospital) approved by Ministry of Health and Welfare Wellness Park 2015.08 Started construction of Greenland Healing Town • A recreational resort where people can second-phase 2014.10 Started construction of Greenland Healing Spiral enjoy happy lives through physical and Hotel second-phase mental healthcare 2014.08 Signed a MOU for additional investments • Numerous programs are offered with the of JDC Greenland Holding Group purpose of preventive treatment, health 2013.09 Conclusion of the trilateral MOU among JDC, management, health improvement, etc. Seoul National University Hospital • Facilities that give wide experiences and Greenland Group through performance, events, exhibitions, 2012.11 Started construction of Greenland project first-phase and indoor and outdoor rest places. (’14.08 Completion) Medical Park 2012.10 Concluding of contract with Chinese • Special hospital that provides Greenland Group specialized and differentiated 2011.12 Ground-breaking for construction site medical services. 2011.12 MOU with Chinese Greenland Group • Retirement community that enables 2010.11 Designation of Jeju Investment Promotion Zone quality life for the elderly and announced 2010.10 Transfer of Location ownership completed medical R&D activities. 2009.12 Approval of development project • Long-term care town for middle-aged 2008.12 Finalized the city management plan residents who need long-term 2008.04 Singed MOU among JDC, Jeju Special Self-governing treatment. Province and Seoul National University Hospital to promote medical tourism

Mission R&D Park Creation and operation of the global • Medical R&D and anti-aging center, medical multi-complex clinical center and drug development center to develop medical technologies Vision and products in the medical service Provision of global medical sector. environment • Rehabilitation Center

Jeju Free International City Development Center 18 19 Core Projects Myths and History This world-class theme park and four-seasons integrated resort complex reflects on both Korean and Jeju myths and history and integrates the history Theme Park and culture of east and the west

Project overview Business site Andeok-myeon area, Seogwipo City Area 3,986,000m2 Project period 2006 - 2018 Expenses 2 trillion 412.9 billion won

Current state of Businesses 2015.11 Designation of Foreign Investment Zone 2015.02 Held a ground-breaking ceremony for Resorts World Jeju 2014.12 Approved for construction A District 2014.11 Completed to change the approval for implementing 895,984㎡ development business District H Theme park installation R District 2014.02 Agreement on A, R and H districts project 597,928㎡ with a myths and history 1,025,715㎡ participation between Genting Singapore, park at its center with a Landing Hong Kong and JDC A Mediterranean Luxury condos with 2013.10 A, R and H districts land contract signed with global culture experience theme and Northern Eastern culture and Landing Hong Kong and recreational culture European atmosphere Oriental concepts, 2013.09 Conclusion of the A, R and H districts project facilities. with European condos, with recreational agreement with Landing Hong Kong recreational culture 2013.08 MOA for A, R and H districts with Landing Hong Kong J District culture facilities, facilities and commercial 2012.03 Construction completed 981,892㎡ commercial facilities and facilities. 2010.10 Started construction of Jeju Aerospace Museum accommodation. in J district The construction of the 2009.12 Designated as Investment Promotional Zone theme park reflecting 2007.04 Ground-breaking for construction site traditional Korean culture 2006.12 Approved a plan for tourist complex development and Jeju myths and 2005.01 Appointed a project implementer candidate history.

Creation of world-class resort complex with the theme of Jeju and global myths, history and culture

Jeju Free International City Development Center 20 21 Core Projects Jeju Aerospace Museum Jeju Aerospace Museum is a museum focused on experience-based education on aerospace science and is making an effort to transform itself to one of the world's best educational and cultural centers in association with major museums and science museums at home and abroad and through constant development of new themes

Project overview Theme zone (2F) Business site 218, Nokchabunjae-ro, Seogwipo-si, “The thrill and adventure of Jeju Special Self-Governing Province, Korea space travel” Area 329,838m2 Feel the sky and the universe Opening 24th April 2014 in a whole body experience! Expenses 115.0 billion won Astronomy and Space Hall(2F) “Human panorama towards the Universe” • Polaris (5D Circle Vision) Current state of Businesses The science of astronomy and the mysterious • Orion (3D Simulation) 2015.06 MOU signed With Chungcheongbuk-do Office universe right in front of your eyes! • Canopus (Dome Video Theater) of Education Jeju Education Center • Procyon (Interactive Wall) 2015.02 MOU between JDC- National Zone 6 Science looking through the Sky, astronomy • Arius (Interactive Video Theater) Science Museum Zone 7 Challenge towards space, space exploration 2014.12 First Korean national museum to acquire Safety Zone 8 The Unknown World of Space and Health Management Certificate (KOSHA 18001) 2014.06 Youth Astronauts Korea business agreement Zone 9 Invitation to the Future contracted 2014.05 Selected as ‘Infinite Imagination Room’ 9 Jeju Base Center led by The Minister of Science, 8 ICT and Future Planning and Korea Foundation for Advancement of Science and Creativity 7 2014.04 Jeju Aerospace Museum Opening 2013.12 Goheung National Youth Space Center business 2F agreement contracted 6 2011.11 Korea Astronomy and Space Science Institute business agreement contracted 2011.08 Korea Aerospace Research Institute business agreement contracted 2010.05 Gwacheon National Science Museum business agreement contracted 2009.11 USA Smithsonian Foundation business agreement contracted on exhibition / design / 3 operation matters 2009.02 JDC - Air Force Headquarters - Jeju Special 4 Self-Governing Province tripartite concluded 1F "Aerospace Museum Construction Agreement" 5 1

Aviation History Hall(1F) 2 “Realizing the human imagination towards the sky” A place of surprise displaying technology and aviation history! Amenities (3F) Restaurant and other convenience Zone 1 Aviation history facilities, etc. (conference room, Zone 2 Air Force Gallery cafeteria, museum shop, etc.) Zone 3 hidden secrets of aircraft Zone 4 Aviation technology that transforms the world * Observatory, outdoor exhibition, Zone 5 How Things Fly (Experience hall for aviation principles) camp site, aerospace hotel, etc. Jeju Free International City Development Center 22 23 Management Projects Management Projects Resort-type Jeju Airest City accommodates premium recreational Jeju Gotjawal Jeju Gotjawal Provincial Park aims to facilities Jeju’s pristine natureJeju Airest City will draw secure ecological stability of Gotjawal that is one of the Residential Complex attention from the world as a high value-added 21C green Provincial Park most representative ecosystems of Jeju. It will provide a (Jeju Airest City) resort with residential, leisure, and medical facilities that recreation place in nature as well as learning experiences and adopt various thematic architecture. opportunities to be the largest eco-tourism park in the nation.

Jeju Gotjawal Provincial Park Trail

4-1

1-4 Hansugi-gil 4-2 Gasinang-gil 4-3 0.9km 3-4 1.1km Project overview Project overview 2-1 1-2 Business site Yerae-dong area, Seogwipo City Business site Sinpyeong-ri, Boseong-ri, and Gueok-ri 3-3 1-2 Area 744,205m2 area in Daejeong-eup, Seogwipo City 3-5 Ochanie-gil 3-2 2 1.5km Bille-gil 2-2 Project period 2008-2017 Area 1,546,757m 1.5km Expenses 2.5 trillion won Project period 2009-2015 4-2 3-1 Expenses 5.7 billion won 1-3 1-1 Taewuri-gil Current state of Businesses 3-3 1.5km 3-6 2014 First step of building Gotjawal Village Current state of Businesses 2013.03 Groundbreaking ceremony of the 1st phase 2015.07 Completion of Jeju Gotjawal Provincial Park(Opening) Start construction(Gotjawal Village) 2015.06 Completed the 2nd phase of facility construction 2012.11 Opening of the Resort-style Residential complex in Jeju Gotjawal Provincial Park public information hall 2014.12 Began the 2nd phase of facility construction sin 2012.08 Approval of the 1st phase individual building the park and ecological learning site traffic impact assessment 2014.07 Notified a change in “Designation of Jeju Gotjawal 2012.06 Approval of construction plan as a Provincial Park and Park Planning” 2012.05 Change of development project implementation 2013.08 The 2nd phase (Info desk, etc.) designing completed completed (~2013.12) 2011.12 Site construction completed 2012.11 The 1st phase (trails, rest areas and parking lots) 2010.11 Designation of tourism complex announced construction completed 2009.12 Notified the change of Investment Promotion Zone 2011.12 Designation and announcement from JDC to BJR of the provincial park and park plan 2009.12 Resumed site construction 2011.06 Opening of the briefing session for the citizens and 2009.11 Designation of Foreign Investment Zone announced public hearing on the provincial park planning 2009.10 Transfer of land ownership (JDC ⇀ BJR) 2010.12 Singed MOU among Jeju Special Self-governing 2009.01 Approval of development project implementation Province, JDC and Gotjawal Trust of Jeju (changes) (implementer: JDC ⇀ BJR) to establish Jeju Gotjawal Provincial Park 2008.04 Establishment of a joint corporation 2010.12 Signed win-win agreement between Shinpyeong-ri 2007.12 Designation of Jeju Investment Promotion Zone and JDC to establish Jeju Gotjawal Provincial Park announced 2009.01 Outsourcing for feasibility study and basic planning 2007.10 Groundbreaking for site construction (~2010.04) 2005.10 Development project implementation approved 2006.12 Selected as the strategic project under the Complex by Jeju Free International City Special Law Plan of Jeju Free International City (revised) 2001.02 Comprehensive Plans and Implementation Plans 2003.08 Study on the creation of a ecology, myth, and history for Jeju Free International City Approved park (Korea Rural Economic Institute) was conducted (Seven Lead Projects) 2001.11 Selected as the lead project under the Basic Plan on Jeju Free International City

Jeju Free International City Development Center 24 25 Strategic Projects Strategic Projects Seogwipo Tourism Port The 2nd Science Park (the 2nd Phase) Associated with the first Jeju Science Park, it will

Seogwipo Port and the surrounding area with high accommodate national policy institutes and R&D tourism potential will be recreated to the Tourism institutes to foster the R&D industry in the region Port that has tourism, leisure, and commerce and accelerate the vitalization of the regional functions as well as a basic port function. economy and growth of high-tech industries.

Strategic Projects Ocean Marina City

Ocean Marina City which will serve as a hub of Asian ocean tourism will meet ever growing demand of ocean tourism and marine leisure by building a clubhouse, maritime museum, accommodations, Strategic Projects cultural and educational facilities, etc. ECO Project

With the theme of clean primary industry, the differentiated fusion eco-friendly Tourist Complex will be created combining education, tourism, food, agriculture, relaxation, and entertainment through Strategic Projects the development of senary industry business model. Global Culture Complex

With the theme of global cultures and entertainment, the Global Culture Complex will be a world-class landmark cultural multi-complex.

Jeju Free International City Development Center 26 27 JDC's Main Strategic Goals Promoting public Securing Realization confidence in core projects new growth engine of national welfare FutureJDC is promoting Free International City development projects for the better future of Jeju and a number of social contribution activities for citizens and the community. We are working with local communities and serving as a driving force for national development to live up to the roles and responsibilities as a public corporation. Jeju province will lead the world with the future of Jeju Free International City! Our dreams and hopes are coming into reality. Main Strategic Tasks

Project management efficiency

Carrying out proactive Management strengthening Mission & Vision government policy of attraction investment

We develop a Free International City where Generating added value Enhancement of support for the people for corporations Jeju’s strengths and features are well reflected and contribute to the welfare of the nation Reinforcing communication between stakeholders Strengthening R&D 14 Main Enhancement Strategic New business of customer relations Tasks to promote reasonably

CEO’s Creating vitalizing Diversification Management corporate culture of income sources C to S Survival Management Policy for the creation Operation improvement Enhancement (Change to Survive) of tax-free business of financial soundness of new business value Enhancement of business resources management

Management Goals JDC 3.0

Attracting Transparent Competent JDC’s Customer Sales Job creation investment JDC, Which Is JCD with Centered 720billion won 10,000 6 trillion won Communicable Excellent Results Service

Jeju Free International City Development Center 28 29 JDC's Main Corporate Social Responsibility Projects JDC Corporate to Materialize a “Happy Jeju” •  Scholarship student internships Future Dream •  Sarang Nanum English Camps Program Social Responsibility Internationalization •  Junior Journalists business of Jeju Citizens •  JDC Academy •  Global village festival ProjectsJDC is making multifaceted efforts for mutual growth with Jeju citizens. We are contributing to vitalizing the local economy, job creation, and an increase in income by caring for marginalized neighbors, promoting contribution projects for local society, nurturing community businesses and social enterprise.

Hope Dream Program Town supporting Business CSR Vision •  Village Enterprise nurturing project •  Social Enterprise Dream Tomorrow Dream Together nurturing project

Happy Dream Program Social welfare/ Supporting business for • Environmental conservation underprivileged class JDC Dream Nanum • Volunteers

Jeju Free International City Development Center 30 31 JDC

DutyJDC Duty Free offers tax incentivesFree to tourists in Jeju Shop province aiming to invigorate tourism in Jeju. JDC Duty Free has also contributed to turning the overseas trip demands of Korean people toward Jeju province and developing Jeju as a Free International City

The revenue from JDC Duty Free is fully used for development resources for Jeju Free International City.

Operation Guide

Targets Purchase limit

Koreans or foreigners Purchase to the limit at JDC or JTO designated duty free shops leaving by plane Beginning of happy or ferry

Boarding pass and ID card 6 600$ duty free shopping required (Foreigners should 365 present the passport) Liquor Cigarette Annual purchases up to Each purchase up to Jeju International Airport Duty Free 1 bottle per person, 10 packs per person, Abolition of under 19 age 6 times 600 dollars per purchase per purchase (a carton of cigarettes) purchase restriction ('14.11.04)

JDC JDC JDC Airport Duty Free Port Duty Free Online duty free shop

Jeju International Airport domestic Jeju Port passenger terminal /local/ www.jdcdutyfree.com flights waiting room international terminal waiting room

Glenrothes

Jeju Free International City Development Center 32 33 Investment GuideWe are operating a One-Stop Service to remove any inconvenience in administrative work for investment in Jeju province. For investors, Jeju headquarters and Seoul office provides on-line investment consulting and consults about all matters including investment size, procedures and legal interpretation, etc.

Potential investors (Including businesses)

JDC

Headquarters in Jeju Seoul Office

Investment type inquiry Investment type inquiry

Designation of the project coordinator

Investment consulting

Cooperation with related offices Analysis of investment type (size, industry type, method, etc.) Prime Minister's Office

Investment letter·MOU signing Ministry of Land, Infrastructure and Transport

Information offer or on-site survey Jeju Special Self-Governing Province

Invest Korea etc. Investment Decision

Approval and permission support

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