The Jeju government said yesterday it will focus on three key development projects -- medical tourism, technology-based industrial complex and English town -- to develop the resort island into an international business and tourism hub.
Calling the island, "the land of promise," Kim Tae-hwan, governor of the Jeju Special Self-governing Province said in an investment seminar held at a hotel in Seoul yesterday that he will make the island the most favorable place to stay and to invest in East Asia.
The investment forum, which drew about 600 participants, was jointly hosted by the government of the Jeju provincial government and the Jeju Free International City Development Center.
Since the National Assembly approved a set of bills to expand autonomy and ease regulations on investment and education on Jeju Island last year, the provincial government has been stepping up to
Calling the island, "the land of promise," Kim Tae-hwan, governor of the Jeju Special Self-governing Province said in an investment seminar held at a hotel in Seoul yesterday that he will make the island the most favorable place to stay and to invest in East Asia.
The investment forum, which drew about 600 participants, was jointly hosted by the government of the Jeju provincial government and the Jeju Free International City Development Center.
Since the National Assembly approved a set of bills to expand autonomy and ease regulations on investment and education on Jeju Island last year, the provincial government has been stepping up to
lure Korean and foreign investors.
The Jeju government said yesterday it will focus on three key development projects -- medical tourism, technology based-industrial complex and English town -- to develop the resort island into an international business and tourism hub.
Calling the island, "the land of promise," Kim Tae-hwan, governor of the Jeju Special Self-governing Province said in an investment seminar held at a hotel in Seoul yesterday that he will make the island the most favorable place to stay and to invest in East Asia.
The investment forum, which drew about 600 participants, was jointly hosted by the government of the Jeju provincial government and the Jeju Free International City Development Center.
Since the National Assembly approved a set of bills to expand autonomy and ease regulations on investment and education on Jeju Island last year, the provincial government has been stepping up to lure Korean and foreign investors.
"I will try to minimize and simplify all of the administrative procedures for all investors," Kim said. The special law on Jeju autonomy expands the governor's power by letting the local government decide its own regulations on foreign schools, land development and investment.
Under the government's plan, the island will develop health care town specialized in medical tourism and "English town" to provide all-English elementary, secondary and higher education. The government also plans to develop a cutting-edge industrial complex for information and communication technology and bio-technology companies.
In Jeju, foreign corporations are permitted to run hospitals on the island while continuing to ban domestic profit organizations from the medical service sector.
The Jeju provincial government said it will ease restrictions on marketing activities by medical institutions targeting foreign patients and overseas Koreans who are not covered by domestic health insurance.
The Jeju government plans to open "English Education City" in southwestern part of the island to increase competitiveness of the service industry and curb growing deficits in the education sector.
The English town will also attract branch campuses of universities in English-speaking countries. The Jeju government said it is also discussing with the central government to relax regulations on foreign schools on the island .
Governor Kim said he will also offer a number of benefits for Korean companies planning to relocate their offices and employees to the island.
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Remember in class when Professor Abraham showed us a video clip on medical tourism?
Guess what?! Jeju, Korea, is also opening up to become a medical tourism site! Additionally, they are building an English town. ;) With medical tourism, an english town, and technology-based industry complex, I think more people will be attracted to Jeju, thereby making Jeju a more profitable tourist site. I am excited about this new investment plans by Jeju and I am looking forward to seeing this developments come true! If we attract more tourist, then that's more money for our country~ :)
The Jeju government said yesterday it will focus on three key development projects -- medical tourism, technology based-industrial complex and English town -- to develop the resort island into an international business and tourism hub.
Calling the island, "the land of promise," Kim Tae-hwan, governor of the Jeju Special Self-governing Province said in an investment seminar held at a hotel in Seoul yesterday that he will make the island the most favorable place to stay and to invest in East Asia.
The investment forum, which drew about 600 participants, was jointly hosted by the government of the Jeju provincial government and the Jeju Free International City Development Center.
Since the National Assembly approved a set of bills to expand autonomy and ease regulations on investment and education on Jeju Island last year, the provincial government has been stepping up to lure Korean and foreign investors.
"I will try to minimize and simplify all of the administrative procedures for all investors," Kim said. The special law on Jeju autonomy expands the governor's power by letting the local government decide its own regulations on foreign schools, land development and investment.
Under the government's plan, the island will develop health care town specialized in medical tourism and "English town" to provide all-English elementary, secondary and higher education. The government also plans to develop a cutting-edge industrial complex for information and communication technology and bio-technology companies.
In Jeju, foreign corporations are permitted to run hospitals on the island while continuing to ban domestic profit organizations from the medical service sector.
The Jeju provincial government said it will ease restrictions on marketing activities by medical institutions targeting foreign patients and overseas Koreans who are not covered by domestic health insurance.
The Jeju government plans to open "English Education City" in southwestern part of the island to increase competitiveness of the service industry and curb growing deficits in the education sector.
The English town will also attract branch campuses of universities in English-speaking countries. The Jeju government said it is also discussing with the central government to relax regulations on foreign schools on the island .
Governor Kim said he will also offer a number of benefits for Korean companies planning to relocate their offices and employees to the island.
-----------------------------------------------------------------
Remember in class when Professor Abraham showed us a video clip on medical tourism?
Guess what?! Jeju, Korea, is also opening up to become a medical tourism site! Additionally, they are building an English town. ;) With medical tourism, an english town, and technology-based industry complex, I think more people will be attracted to Jeju, thereby making Jeju a more profitable tourist site. I am excited about this new investment plans by Jeju and I am looking forward to seeing this developments come true! If we attract more tourist, then that's more money for our country~ :)
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