Jeju is the largest island in Korea. It is also the most strategic point connecting Korea with East Asia.

The island is well-furbished, with infrastructures like the airport, the seaport, and the road. There are various aspects to experience and enjoy in Jeju, including sightseeing, recreation facility, and unique culture.

UNESCO well recognizes the clean and well-preserved environment of Jeju. It is all the more a factor to increase the added value of global enterprises, which will undoubtedly choose the location as their foundation for further development.

In 2006, the Korean government enacted the Jeju Special Law to guarantee the freedom of Jeju’s people, products, and capital to move freely and the convenience of entrepreneurship in the region.
By 2030 Jeju’s power provision will become 100% renewable, and 75% of its vehicles will be replaced with electric. The carbon neutrality which Jeju pursues seems to be on the right track since renewable energy in Jeju in 2020 takes up 17.8% of its total power, which is far higher than the national average of 6.5%. Also, the electric vehicle is most widely distributed in Jeju among all the other regions, ranking the all-time 1st place for eight years.

Also, groundwater, lava seawater, and representative bioresources of Jeju, including marine algae, are already being industrially utilized. New types of an industrial ecosystem are under development, including the island-wide WiFi distribution for the establishment of the Jeju Smart Island system and the designation of special districts for drone operations and EV chargers.

The Investment Promotion District, based on the Jeju Special Law as a significant incentive for investment, applies equally to home and abroad investors. The scope covers 28 business types, including tourism, education, medical service, and high-end industries. Once designated, tax benefits will be provided, including corporate tax and income tax.

This incentive stands out among other regions. The various supports include assistance in personnel transfer and logistics for companies moving in, additional subsidies for facility investment in the newly growing industries, financial support for facility and equipment for renewable energy, andincreased subsidy for exporting companies.