Jeju Island

Yearly Gain of up to US$1.837 billion for New7Wonders of Nature Winner says Korean Economic Study

Zurich/Switzerland, 24 May 2011: Korea’s Jeju Island could benefit by between US$895 million to US$1.837 billion a year if it is named one of the New7Wonders of Nature, according to an in-depth economic study published by the Jeju Development Institute. Jeju Island is one of 28 Official Finalists in the worldwide New7Wonders of Nature campaign.

In a study announced on its website in May 2011, the Jeju Development Institute looked at the potential economic impact on the island of being selected and concludes that Jeju would see a major increase in tourism, which would lead to the generation of significant revenue and jobs. The study found that:

  • The annual production inducement effect would be from 627.6 to 1284.7 billion Korean Won (US$571m-US$1.17bn)
  • The annual value-added inducement effect would be from 355.3 to 731.9 billion Korean Won (US$324m-US$667m)

Commenting on the Jeju Development Institute analysis, Jean-Paul de la Fuente, Director of New7Wonders, said “These findings are in line with other recent independent reports, which together are re-affirming that strong participation in the New7Wonders of Nature campaign is a billion US dollar opportunity for the potential winners.

Jeju Development Institute
The Jeju Development Institute

With the independent commercial financing model used by New7Wonders, these benefits are something that we bring to the world without any government subsidy or drain on public monies. In these sometimes difficult times, New7Wonders not only fosters positive dialogue across the world, but is undoubtedly also an economic force for good.”

In April 2011, a study reported by the international audit firm Grant Thornton, said that South Africa could benefit by 1.4 billion SA Rand a year, equivalent to US$ 1.012 billion for the first five years, if Table Mountain is chosen as one of the Official New7Wonders of Nature. A study released in 2010 by Pearson (publisher of the Financial Times newspaper) stated that the worldwide economic contribution made by the campaign to elect the man-made New 7 Wonders of the World in 2007 was valued at more than US$5 billion.

Latest News

New7Wonders continues, find out how in our News Room

[:en]7 Wonders Day 2019: Let's participate in 7 Symbols of Peace![:]

[:en]At the iconic site of the Friedensengel in Munich, Germany, the "Peace Angel" statue honouring peace after war, Bernard Weber, Founder of New7Wonders and Initiator of the 7 Symbols of Peace campaign, celebrates the official world 7 Wonders Day, 7 July 2019. Inviting everyone to participate in choosing and supporting peace…

[:en]A Day to Wonder! 7 Wonders Day: 07.07.[:]

[:en] Zurich, Switzerland Today's 7 Wonders Day commemorates the Official Declaration of the New 7 Wonders of the World on 07.07.07 in Lisbon, Portugal, after a first-of-kind global democratic poll. "The world celebrates 7 Wonders Day on 7 July every year." — Bernard Weber, Founder of New7Wonders The concept of Global Memory…

[:en]Bernard Weber in Manchester with Flower Power and Peace[:]

[:en] Manchester: On 6 June, one of the most famous symbols of peace in the world, the Campaign for Nuclear Disarmament symbol, visited Manchester as part of its 60th-anniversary tour across the UK. Bernard Weber, the creator of the 7 Symbols of Peace campaign, as well as the worldwide campaigns…

The New York Times presents the New Seven Wonders of the World in 360 video

"Experience these majestic sites during moments of solitude in 360 video," is how The New York Times introduced readers to its interactive feature titled The New Seven Wonders of the World', which was compiled by Veda Shastri, Guglielmo Mattioli and Kaitlyn Mullin. "Built on four continents, most by ancient and medieval…

"7 Symbols of Peace" global voting campaign launches on World Peace Day

Zurich, Switzerland: A new global campaign to discover, choose and vote for the 7 Symbols of Peace launches on World Peace Day, 21 September 2017. The campaign is from the New7Wonders Foundation, the organisation that has successfully pioneered the first-ever worldwide elections to choose the New 7 Wonders, which have…

Wonderful Content loading...

Hello! Contact New 7 Wonders Close

Do you have any questions about the New7Wonders campaigns?
Are you writing an article, do you have a project in mind?
Maybe you have an idea using the New7Wonders concept?
Whatever it is, just say "Hello!" to us, and we will reply as soon as we can.

If you are from the press or a media organisation, or a social media reporter, please use this form to contact our Communications Department.

If you have an idea involving the New7Wonders concept, or maybe you want to associate New7Wonders with your product or brand, or any other commercial or business or new creative idea, please use this form to contact Jean-Paul de la Fuente, New7Wonders Head of Value Development.>