Jeju Free International City Development Center (JDC)
“Designing Jeju’s Future — Cheomdan Science Park, the Two Wings of Innovation”
JDC is a public corporation established by the Korean government to lead the sustainable and innovation-driven development of Jeju Island. Through initiatives across industry, education, science, and culture, JDC is building the foundation for Jeju’s next-generation growth.
At the center of this vision lies Cheomdan Science Park — JDC’s flagship industrial complex in Jeju (Phases 1 & 2). Phase 1 has served as the heart of Jeju’s innovation industry for over 20 years, nurturing leading exporters and listed companies, while establishing a thriving startup ecosystem in fields such as autonomous driving, AI, and biotechnology.
Building on this success, Phase 2, scheduled for completion in 2028, is being developed as a “new growth axis for expanded innovation.” Through Route330 — JDC’s startup incubation and innovation hub — and strategic programs in investment, R&D, and collaboration, JDC continues to strengthen Jeju’s industrial competitiveness as a public corporation driving national and regional innovation.
Highlight
Expansion of Startups and Investment Attraction
- Attracting leading industries for example; Aerospace, AI, Batteries, and Autonomous driving, JDC Route330 achieved a record-breaking ₩1.251 trillion (approx. USD 900 million) in investment attraction in 2024
Corporate Attraction and Industrial Revitalization
- New tenants in Phase 1 include Jeju Semiconductor Co., Ltd., a listed company, and Eco Powertech, a firm with annual sales of ₩10 billion (approx. USD 7 million).
- The park is fostering a Food-Tech industrial cluster, combining food and technology to drive sustainable growth.
- In Phase 2, 352 Letters of Intent (LOIs) have been secured for carbon-neutral industries, achieving 227% of the original target.
Startup(including SMEs) and Financial Support Achievements
- Startup(including SMEs) and Financial Support Achievements
- ₩67.1 billion (USD 48 million) in financial support provided, including low-interest loans for tenant companies.
- SMEs supported by JDC programs recorded a 114% year-on-year increase in annual revenue.
ESG & Innovation Achievements
As a responsible public corporation, JDC promotes sustainable development through concrete actions in all ESG domains — Environment (E), Society (S), and Governance (G).
E (Environment)
Expansion of EV charging infrastructure and establishment of carbon-neutral testbed facilities.
S (Society)
Support for youth entrepreneurship programs and local talent recruitment.
ESG Consulting & Co-Prosperity Loans: Expanded SME support through sustainability-focused financing.
G (Governance)
Strengthened ESG management systems and enhanced transparency in fund operations.
Rated “Excellent” in the ESG evaluation for public institutions.
Collaboration Opportunities
Through strategic cooperation with domestic and international corporations, universities, and research institutions, JDC is developing Jeju into a leading hub for future-oriented industries and public-private innovation.
Key Areas for Collaboration:
Attracting startups and enterprises to Cheomdan Science Park Phases 1 & 2
Joint R&D and technology commercialization with universities and institutes (e.g., eco-friendly EV R&D with KAIST)
Joint projects in Smart Green Industry (eco-friendly technology cluster) and Food-Tech Valley (sustainable food innovation hub)
Global networking, startup-investment forums, and international exhibitions
Visual Showcase
Route330 and Cheomdan Science Park (Phase 1) company activities and field events
ESG practices and eco-friendly infrastructure sites
Aerial and nightscape views of Cheomdan Science Park
Contact Partner
Closing Note
“Jeju — Creating Sustainable Value through Public Innovation.”
As a government-established public corporation, JDC is leading Jeju’s transformation into a global innovation hub. Building upon the success of Cheomdan Science Park Phase 1, and with Phase 2 set for completion in 2028, JDC continues to foster sustainable growth, industrial innovation, and shared prosperity for the future of Jeju.
