Graduate School of International Studies, SNU has signed a MOU with JDC (Jeju Free International City Development Center) on July 18, 2017. The MOU was signed to reinforce business cooperation capabilities and to expand networks for possible investment. Under the agreement, GSIS, SNU will share its internal and external network with JDC and lend its international professional experience to help with the building of Jeju Free International City. Through the MOU, GSIS plans to cooperate with the JDC to facilitate professional training for international business promotion as well as carry out policy consultation and research on internationalization. According to a spokesperson for SNU, "An operating committee will be organized separately in order to develop Jeju Island as a premier island of peace and prosperity". Additionally, various business cooperative initiatives will be take place both annually and regularly.