Direct Investment of approximately US$1.5 Billion in Developing Jeju Shinhwa World
Achieving Market Recognition on Contribution to Korean Economy and Society
HONG KONG, Nov. 8, 2017 /PRNewswire/ -- Dr. Yang Zhihui, Chairman and Executive Director of Landing International Development Limited ("Landing International" or "the Group", HKEx Code: 00582), was accredited the "Presidential Commendation" at "Foreign Company Day 2017 – Korean Investment Award Ceremony", organized by the Ministry of Trade, Industry & Energy and coordinated by Korea Foreign Company Association at Le Meridien Hotel in Yeoksam-dong, Seoul, South Korea on 7 November 2017.
Apart from the Group’s investment in Jeju, Dr. Yang Zhihui attaches great importance on corporate social responsibility. His contribution to Korea’s economy and community is highly affirmed by the market.
Mr. Jay Lee, Chief Operating Officer of Landing International, received the "Presidential Commendation" at “Foreign Company Day 2017 – Korean Investment Award Ceremony”, on behalf of Dr. Yang Zhihui.
The Korean Investment Award Ceremony is an annual event among the Korean business community. Evaluated by the Ministry of Trade, Industry & Energy, the awards aim at recognizing members of foreign-invested companies, related organizations and government agencies that have successfully introduced capital inflow and contributed to the economy and society of South Korea.
Landing International, chaired by Dr. Yang Zhihui, is the developer and operator of Jeju Shinhwa World, the first large-scale integrated leisure and entertainment resort on Jeju Island. The Group has invested approximately US$1.5 billion of foreign direct investment into South Korea through its wholly-owned subsidiary Landing Jeju Development Co., Ltd since September 2013.
Apart from the Group's investment in Jeju, Dr. Yang Zhihui attaches significant importance to corporate social responsibility and puts forward three major principles: "Environment Protection", "Compliance with Legal Principles" and "Supporting Businesses with Local Residents". The Group actively supports local youth education and personnel training, assists middle-aged women who lack work experience in employment, and is committed to activities in relation to environmental protection. Dr. Yang has emphasized that the success of corporations is mutually reinforcing with local social development, which is also one of the major reasons he was awarded as the forerunner in introducing foreign investment to South Korea.
Dr. Yang commented, "I am honored to have been accredited the 'Presidential Commendation' at the Korean Investment Award Ceremony. It represents a recognition and encouragement to the efforts of the entire Landing International team. Looking ahead, we will continue to spare no effort in developing Jeju Shinhwa World into a world's leading integrated leisure and entertainment resort, making sustained contribution to the economy and tourism on Jeju Island and to South Korea, and becoming a forerunner among foreign-invested companies."
Dr. Yang has been engaging in real estate development business in Anhui Province, China since 2006. With profound industry experience and unique investment insights, Dr. Yang has been a respected leader in the industry and was recognized as an "Excellent Entrepreneur in China's Real Estate Industry" and one of the "Top 10 Leaders in China's Real Estate Industry 2009", demonstrating wide recognition of his leadership and decision-making capabilities. Under Dr. Yang's leadership, Landing International has extended its footprint from China to overseas markets since 2013. The company is currently seeking business opportunities in foreign countries including South Korea and Philippines.
Jeju Shinhwa World opened its full-serviced resort condominium, Somerset Jeju Shinhwa World, in April 2017, and announced the official opening of Shinhwa Theme Park on 30 September 2017. Jeju Shinhwa World is working at full steam to prepare opening for business of its phase one at the end of this year.
About Landing International
Landing International is a developer and operator of integrated leisure and entertainment resort, gaming club, and entertainment facilities and a property developer. The Group's flagship project "Jeju Shinhwa World" is situated on Jeju Island of South Korea. It is the Group's first premium integrated leisure and entertainment resort in Asia.
"Jeju Shinhwa World", developed by the Group's subsidiary Landing Jeju Development Co., Ltd., covers an area of 2.5 million square meters. The mega project will be developed in phases, with Shinhwa Theme Park and Somerset Resort already open to business in 2017. The entire project is expected to complete by 2019. Upon full opening, "Jeju Shinhwa World" will become a world-class integrated destination resort in Asia.
Landing International is listed on the Main Board of Hong Kong Stock Exchange with stock code: 00582, and is a constituent stock of the Hang Seng Family of Indexes.
For more information, please visit www.landing.com.hk
Photo - https://photos.prnasia.com/prnh/20171108/1986852-1-a
Photo - https://photos.prnasia.com/prnh/20171108/1986852-1-b