Thursday 24 Jul 2014

Incheon Airport Stake Sale Plan Back Underway

Korea’s Ministry of Strategy and Finance announced on Monday that it will resume its plan to sell a stake in Incheon International Airport. The plan, which has been heavily criticized by citizens, fits in to President Lee Myung-bak’s plan to sell off state-run assets and has been under discussion since 2008.

Incheon Airport, which has been named the best international airport since 2006 by Airports Council International, recorded net profits of roughly 340 billion won in 2011. The airport has been attempting to expand, recently acquiring a 10% stake in Khabarovsk Airport in Russia and is said to be interested in London Stansted Airport.

 

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