SEOUL, May 20 (Koreabiz Wire) – Foreign ownership of land in South Korea grew slightly last year compared to 2014 amidst increasing Chinese investment in the southern resort island of Jeju, said a government official Friday. In total, some 20.6 million square meters, or 1.1 percent, of Jeju Island is owned by foreigners. According to the [...]
JEJU, South Korea, May 20 (Korea Bizwire) – South Korea and China opened a joint photo exhibition on this resort island Friday, showcasing some of the top natural and cultural attractions in both countries. The exhibition, titled “Beautiful China, Beautiful South Korea,” was unveiled at the International Peace Center Jeju in an opening ceremony attended [...]
SEOUL, May 19 (Korea Bizwire) – South Korea launched an international computer animation center on its southern resort island Thursday as part of efforts to expand its cultural presence in China and other Asian markets. The Asia CGI Animation (ACA) Center, located on Seogwipo, Jeju Island, is expected to serve as a hub for cooperation [...]
JEJU, April 11 (Korea Bizwire) - If you think of Jeju Island as just a laid back vacation spot or a place for fishermen and tangerine growers, give it a second look. This southern resort island known for its scenic beach and volcanic landscape has drawn a huge influx of Chinese travelers over the past five years [...]
JEJU, April 7 (Korea Bizwire) – A new system that allows windmills to provide a stable source of electricity and store the energy efficiently will be developed for the first time by Korean research teams. Jeju Island, LG Chemical, POSCO ICT, and Wind Synergy signed an agreement to cooperate on Energy Storage System (ESS) initiatives linked to [...]
JEJU, April 1 (Korea Bizwire) – South Korea’s first cherry blossom festival of the year kicked off on Jeju Island Friday, with visitors hailing from around the country and overseas gathering to celebrate the origin of the globally cherished flower. The 25th “Jeju Cherry Blossom Festival” officially launched at Jeonnong-ro, about 3.3 kilometers east of [...]
SEJONG, April 1 (Korea Bizwire) – South Korea’s two budget carriers have been slapped with 600 million won (US$524,000) in fines each for breaching flight safety regulations, the transportation ministry said Friday. The Ministry of Land, Infrastructure and Transport imposed the highest financial penalty on Jeju Air Co., owned by the mid-sized retailer Aekyung Group, [...]
JEJU, March 22 (Korea Bizwire) – Gapado, a small island off the southwest coast of Jeju Island, is in the limelight with its new status as a ‘carbon free island’. There are no telephone poles on Gapado. All 132 poles were removed, with only few that are required to maintain telephone service remaining. The electricity [...]
SEJONG, Dec. 18 (Korea Bizwire) – South Korea’s government on Friday gave approval for the opening of a foreign-owned for-profit hospital on Jeju Island, which can lead to diversification in the country’s medical service sector. According to the Ministry of Health and Welfare, it approved the request made by the Jeju Special Self-Governing Province for [...]
JEJU, Dec.10 (Korea Bizwire) – Accommodation facilities owned by foreigners are increasing on Jeju Island, where more than 10 million tourists from Korea and abroad visit every year. According to the local government, 20 properties with a total of 1,976 rooms were owned by foreigners as of September. Among Jeju’s total of 321 properties and [...]