NXC, a holding company of the nation's largest game company Nexon, moved to Jeju in 2009. It was the first time among Korea's game companies to move headquarters to Jeju. The Jeju provincial government offered a string of tax incentives to entice NXC which also expected the island's beautiful landscape to inspire creativity for its employees.
Thereafter, some Nexon affiliates followed suit, including game service company Nexon Networks (2010) and game developer Neople (2015). When NXC decided to move to Jeju, some speculated that the decision was merely to take advantage of tax incentives offered by the provincial government.
NXC, however, has grown into one of the island's most successful businesses. It hired more than 600 employees and made more than US$600 million in overseas sales.
Neople, which moved its headquarters and development staff to Jeju in January 2015, exported $612.24 million last year, contributing to an 887-fold increase in the island's annual software exports.