GENTING SINGAPORE LIMITED [For Immediate Release]
RESORTS WORLD™ JEJU BREAKS GROUND ON 2.5 MILLION SQUARE METRES SITE ******** A WORLD-CLASS INTEGRATED RESORT SET TO TRANSFORM TOURISM DEVELOPMENT AND EMPLOYMENT LANDSCAPE IN JEJU, SOUTH KOREA(Jeju, South Korea, 12 Feb 2015) - Landing Jeju Development Co., Ltd. ("LJDC") celebrated the groundbreaking of Resorts World™ Jeju ("RWJ"), a world-class tourism destination in Jeju, South Korea today. LJDC is a joint venture between Genting Singapore PLC ("Genting Singapore, SGX Code: G13") and Landing International Development Limited ("Landing International, HKEx Code:
00582").
The groundbreaking ceremony was graced by Mr. Won Hee-ryong, the Governor of Jeju Special Self-Governing Province. Approximately 500 guests attended the event held at the site at Seogwipo- si in Jeju. The event was hosted by Chairman of Landing International, Mr. Yang Zhihui, and President and Board Representative Director of Genting Singapore, Mr. Tan Hee Teck. Guests were given guided tours at its onsite showroom - "Contributing to Jeju's Future Value", to understand more about the project and its partnership with Jeju to grow together.
RWJ will be one of South Korea's largest integrated resorts, spanning across a land area of approximately 2.5 million square metres. Slated to open progressively from 2017, RWJ will house Jeju's largest family theme park offering more than 20 rides and attractions in 7 different zones themed after myths and legends from all over the world; Jeju's largest adventure waterpark and one of Korea's most exciting themed retail and food complexes. Its premium hotels will have more than
2,000 rooms, boasting luxury villas, Jeju Island's first 6-star hotel and a destination spa. The hotels are equipped with full meeting and conference facilities that are suitable for hosting regional and international meetings, incentives, conventions and events (MICE). In addition, there will be gaming entertainment; cultural facilities, leisure and entertainment amenities, as well as approximately 1,500 luxury serviced apartments and residential villas. The entire development is expected to be completed by 2019.
RWJ is committed to working closely with the local community and stakeholders to form long-term partnerships and strives to achieve a sustainable balance between development and conservation.
300 trees have been conserved to date and are ready to be transplanted to various parts of the resort after its completion. At the event, a "Planting Jeju's Future" tree planting ceremony was held to symbolize RWJ's commitment to caring for Jeju's environment. Accompanied by elementary school children from Seogwang-ri village, guests of honour, including Governor Won, planted eight Red Bark Oak trees, a type of Class II protected species with high ecological value found only in Gotjawal forest in Jeju. In addition, guests were also encouraged to contribute to Jeju's future value by bringing home the Coral Berry plant giveaway after the ceremony, thereby preserving the local
environment and enhancing Jeju's canopy.
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Demonstrating further its commitment to be Jeju's partner, LJDC will establish Resorts World™ Jeju Academy to nurture global talents for the tourism and hospitality industry and set up a "Resorts World™ Jeju Corporate Social Responsibility (CSR) Fund" that provides funding support for industry partnerships; projects promoting environmental protection and local arts & culture; as well as meaningful initiatives to help the less privileged.
Officiating at the ceremony, Mr. Won Hee-ryong, Governor of Jeju Special Self-Governing Province, said, "We are very supportive of LJDC's commitment to local community and environment. Jeju is one of the most popular tourist destinations in the region which attract more than 10 million visitors annually. We welcome LJDC to our island and we are confident that this iconic resort will further strengthen Jeju Island's reputation as a holiday paradise."
Mr. Yang Zhihui, Chairman of Landing International, stated: "LJDC is honoured to have the opportunity to develop an integrated resort in Jeju. By leveraging the expertise and experience of Genting Singapore in gaming and integrated resort development, we are confident that we will build a world-class integrated destination resort on this island that Jeju residents will be proud of."
Tan Sri Lim Kok Thay, Genting Singapore's Executive Chairman, said: "RWJ will engage and work closely with the local business community during the construction phase and after the opening in terms of the requisition of logistic and services support such as transport services, F&B supplies, laundry services and training institutes etc. We will also be forming partnerships with local farms to procure local agricultural and fishery products.''
Tan Sri Lim Kok Thay continued, "In addition, RWJ will be a game changer in Jeju that we believe can help the Province attain its goal of surpassing 15 million tourists by 2018. RWJ will contribute significantly to the local economy by providing employment opportunities to all segments of the labour force, creating approximately 6,500 direct and 25,000 indirect job opportunities in a variety of positions. At least 80% of the workforce will be locals."
A US$1.8 billion (1.9 trillion KRW) development, RWJ will be a world-class destination resort that has premium leisure and entertainment facilities which cater to local and overseas visitors of all ages. It will be an iconic integrated resort where Jeju citizens can be proud of and call their own.
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Overview of Resorts World™ Jeju
Total Investment: Approximately US $1.8 billion (Approximately 1.9 trillion KRW) Total Land Area: 2.5 million square metres Year of Opening: Progressively from 2017 Estimated Employment by 2019: About 6,500 direct jobs & 25,000 indirect hiresRenderings of Resorts World™ Jeju
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Groundbreaking Ceremony Photos
[Photo 1] CEO of Resorts World™ Jeju, Mr Jay Lee, addressing approximately 500 guests at its groundbreaking
ceremony on 12th February 2015.
[Photo 2] (from left to right) President and Board Representative Director of Genting Singapore, Mr Tan Hee
Teck, Governor of Jeju Special Self-Governing Province, Mr Won Hee-ryong and Landing International
Development Limited, Mr Yang Zhihui, posing at RWJ's "Contributing to Jeju's Future Value" showroom on
12th February 2015.
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[Photo 3] President and Board Representative Director of Genting Singapore, Mr Tan Hee Teck and Landing
International Development Limited, Mr Yang Zhihui, giving Governor of Jeju Special Self-Governing Province, Mr Won Hee-ryong, a tour at its "Contributing to Jeju's Future Value" showroom on 12th February 2015.
[Photo 4] VIPs were invited to take part in a "Planting Jeju's Future" ceremony, together with elementary school children from Seogwang-ri village, to symbolize Resorts World Jeju's commitment to preserving the local environment and nurturing the young generation on 12th February 2015.
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[Photo 5] VIPs lined up to take a group photograph after the "Planting Jeju's Future" ceremony on 12th
February 2015.
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About Genting Singapore PLC (SGX: G13)
For over 30 years, Genting Singapore and its subsidiaries have been at the forefront of gaming and integrated resort development in Australia, the Bahamas, Malaysia, the Philippines, Singapore and the United Kingdom. Today, it is best known for its flagship project, Resorts World™ Sentosa in Singapore, which is one of the largest fully integrated destination resorts in South East Asia. The Company is currently developing an integrated resort in Jeju, South Korea, called Resorts World Jeju which is slated to open progressively in 2017. Listed on the Main Board of the Singapore Exchange Securities Trading Limited, Genting Singapore has a market capitalization of US$10 billion as at 31 December 2014 and ranks among Singapore's largest companies by market capitalization.
About Landing International Development Limited (HKEx: 582)
Landing International Development Limited (the "Company"), and its subsidiaries, is principally engaged in property development, development and operation of the integrated resort, casino business carried under a casino license. The Company has been listed on the main board of Hong Kong, and has become a constituent stock of the Hang Seng Family of Indexes. The majority of the shares in the Company is held by Landing International Limited which is wholly owned by Mr. Yang Zhihui, Chairman and Executive Director of the Company. Mr. Yang is also the controlling shareholder of Anhui Landing Holding Group Co., Ltd, the only real estate company in Anhui province honoured with the title of "The Star of Top 100 Chinese Real Estate Enterprises for the Year 2013" by the Chinese Real Estate Top 10 Research Team.
Issued by Macoll Communication Consulting Co., Ltd. on behalf of Landing Jeju Development Co., Ltd.
For enquiries, please contact Macoll Communication Consulting Co., Ltd.: Ms. Kim Sun Hyung
Tel: +82 - 10 - 9279 - 6438
E-mail: sunhyung.kim@macoll.com
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