According to Meditation Tours manager Yewon Hwang, the academy will target South Korean gap-year students in need of a break from their high-pressure education system, as well as students from the US, Japan, Europe, New Zealand and other places.
The cafe will remain open to the public, while sports facilities such as the tennis courts, golf range and pool, would be available for public use when not in use by the acadmey.
Neighbouring properties were notified about the company's resource consent application last month and have until October 24 to make submissions.
The next step will depend on those submissions. If neighbours are opposed a hearing could be called with an independent commissioner making the final decision about whether it should go ahead.
Meanwhile, Mr Lee's Earth Citizen Organisation has also opened an "Earth Citizen Healing Centre" in a former shop on Cobham Rd, next to Kerikeri's Procter Library.
The centre is open daily and offers classes in yoga, weight loss and qi-gong (a form of exercise involving gentle movement). It also sells the yellow, hammer-shaped "belly button healing wand" which Mr Lee's followers claim stimulates the navel for gut and brain health, energy, and stress and pain relief.
Meditation Tour earlier told the Advocate the company brought 3000 visitors to Northland in 2016 and planned to more than double that this year. With its construction projects, jobs and visitor spending, the company would inject millions of dollars into the Bay of Islands economy.
Ilchi Lee, real name Seung Heun Lee, made his fortune as the founder of Dahn Yoga - described as a blend of yoga, tai chi and martial arts exercises - and a variety of mind and body training techniques. He now focuses on his Earth Citizen Organisation and business interests such as Meditation Tour.
Mr Lee has bought four high-end homes in Kerikeri, a resort at Haruru Falls and a 25ha waterfront section on Whangaroa Harbour. One of his companies has also bought a 156ha property on Pungaere Rd, on the edge of Puketi Forest west of Kerikeri, where he plans to build a global training hub for the Earth Citizen Organisation.