Business Information

Jeju Island is full of unique myths and legends in every town, valley, mountaintop and coast. We have been implementing a project to build Jeju Myths and History Theme Park to tap into stories of 18,000 gods, history of strife, myths, legends and other historic aspects as sources of tourism. The localized composite tourism complex will be a high-value-adding tourism spot, improving quality of tourism industry of Jeju and serving as a bridgehead for global competitiveness.

After 14 failed attempts to attract investment for past 11 years, finally in August 2013, we signed MOA with Landing International Development Limited on Development of Jeju Myths and History Theme Park Block A, R and H, and incorporated Landing Jeju Development Ltd. to develop the project. We also signed agreement on project and land purchase, achieving the largest foreign direct investment of $1.5 billion (as of 2017) in Korea’s tourism industry.

It is a theme park featuring myths and history of Jeju, Korea, Asia and Europe, and a composite tourism complex with culture, tourism, vacation and food mixed together. Built on a land area of 1.2 million pyeong in Andeok-myeon, Seogwipo-si, the park is divided in Block A, R, H and J. On the A, R and H blocks, Jeju Shinwha World will be developed by Landing Jeju Development Ltd., whereas Block J will host a theme park featuring Jeju’s myths and history. The total project cost is ₩2.41 trillion.

In addition to successful project development, JDC focused on developing a mutual-growth model for the local community under the Myths and History Theme Park development project. We signed an agreement on mutually-beneficial growth among JDC, the local community (Seogwang-si) and the investor (Landing Jeju Development) as a way to give priority to local residents to be hired for maintenance services in the resort complex of Jeju Shinwha World. For the construction as well, we guaranteed local construction companies could be hired as contractors for over 50% of the construction process, so that ₩567 billion (as of 2017) worth of construction orders were assigned to local companies. In addition, for the opening and operation of Jeju Shinwha World, jobs for 5,000 workers were directly created, by giving priority to local residents who take up 80% of staffing needs. Likewise we’ve steadily pursued mutual growth on many fronts.

Block A, R and H of Jeju Shinwha World have opened and in operation for Phase 1, with full opening scheduled in 2019. Block J developed by JDC will soon be filled with creative and exciting contents. Bringing in a new wave for tourists, the Myths and History Theme Park will serve as an extraordinary landmark in Asia and beyond.