JEJU-DO < invest Korea

According to Newsis,

7 Policy Directions, 22 Sectors, 88 Tasks… Preparing for the Next 10 Years with AI, Space, and Hydrogen

[Jeju = Newsis] Reporter Yang Young-jeon = Jeju Province is establishing and implementing the '2026 Economic Growth Strategy' with two main pillars: restoring warmth to the public livelihood economy and improving the economic structure.

On the 19th, the province announced the economic growth strategy containing 7 policy directions, 22 sectors, and 88 core tasks with the goal of a 'JUMP-UP' for the Jeju economy.

The Jeju economy has grown at an average of 2.8 percent over the past four years, exceeding the national average (2.7 percent), and achieved the top spot in the country with an employment rate of 71.6 percent. However, due to the effects of high interest rates and high prices, the five-year survival rate of small business owners is 40.3 percent, and the delinquency rate for households and businesses stands at 1.12 percent (national average 0.58 percent).

Based on this diagnosis, the province organized this strategy into the two pillars of 'restoring warmth to the livelihood economy' and 'improving the economic structure.'

The plan is to breathe warmth into livelihoods through immediate support for small business owners and ordinary citizens experiencing current difficulties, while simultaneously preparing for 10 years into the future with future growth industries such as Artificial Intelligence (AI), Space, and Hydrogen.

Support measures for small business owners include:

- Establishing a support system prior to the expansion of insolvency, such as special management recovery guarantees.
- Supporting the real estate and construction markets by reducing acquisition tax by up to 50% for unsold housing after completion.
- Fostering global companies and expanding exports through the cultivation of 'J-Unicorn companies.'
- Promoting a transition in tourism toward a stay-and-consumption base and the advancement of primary industries.

To improve the economic structure in preparation for 10 years later, the province will pursue:

- Fostering future high-tech industries, such as the establishment of an 'AI Disaster Monitoring System.'
- Establishing a talent cultivation system necessary for industrial transition.
- Strengthening financial support for the ordinary and vulnerable classes, as well as reinforcing labor and job support.

On this day, the province held an Economic Policy Council meeting at the Tamna Hall of the provincial office to share the economic strategy and discuss measures for livelihood stability felt by residents and economic structural improvement.

Governor Oh Young-hun stated, "Although the Jeju economy is showing a growth trend that exceeds the national average, it is meaningless if the residents cannot feel it in their daily lives. This year, we will prioritize the recovery of livelihoods for small business owners and citizens facing difficulties, while also steadily preparing future growth engines so that our children can have better jobs in Jeju."

◎ NEWSIS, 0jeoni@newsis.com



Copyrights Newsis. All Rights Reserved. Reprint or redistribution without permission is prohibited.

Source Text

Source: Newsis (January 19, 2026)

** This article was translated from Korean.