By Kim Tae-jong
The Jeju Free International Development Center (JDC) announced Tuesday that it held a groundbreaking ceremony in Seogwipo City to start construction of the Greenland Jeju Healthcare Town.
The ceremony came after JDC signed a memorandum of understanding with the Greenland Group in July, which promised to invest 1 trillion won to implement the Jeju Healthcare Town (JHT) project, and they signed a formal contract on Oct. 18.
Hosted by Greenland Korea Investment & Development LLC, the event was attended by about 300 dignitaries including Greenland Group Chairman Chang Ok-ryang, Shanghai Standing Committee Vice-minister Wang Shin-pyeong, Jeju Governor Woo Geun-min and director of the Jeju policy division at the prime minister's office, Im Seok-kyu.
JDC CEO Byun Jong-il expressed sincere appreciation to community members in Jeju Province and related government officials for supporting the JDC in his congratulatory speech, saying the project is steadily evolving into a real achievement following the opening ceremony.
"I expect that the participation of the renowned Greenland Group will contribute to the perfection of the JHT project. Jeju Healthcare Town will help improve the quality of life of all concerned by setting a new vision for medical tourism, including wellness and recreational tourism," he said.
As one of JDC's six core projects to turn Jeju into an international city, Jeju Healthcare Town is designed to satisfy medical and leisure needs by simultaneously combining Korea's top-quality medical services with Jeju's natural beauty.
For the successful launch of Jeju Healthcare Town, the JDC has taken bold steps to attract investments to the JHT project in close collaboration with the Jeju Special Self-governing Provincial Government and other stakeholders.
Greenland Group is speeding up its plans, and brought the groundbreaking ceremony forward by two months, as it was originally scheduled date for December.
On Oct. 11, it founded local investment entity Greenland Jeju. The start of construction is significant, as it is the core part of the project led by foreign investors.
In addition to the signing of a formal contract, successive tasks, including the first phase land supply contract and start of construction, are accelerating the pace of the project.