Talk:Incheon International Airport Corporation
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Talk: Incheon International Airport Corporation
South Korea’s government, having been committed for some time to selling 49% of the shares in Seoul Incheon International Airport to a strategic airport management firm (whilst retaining control of it), as part of its overall plan to enhance public sector efficiency and customer service, suddenly decided in Aug-2012 not to press ahead with that plan. It may, however, revise related laws to make the sale possible, although it faces considerable opposition. Earlier in the year the Ministry of Strategy and Finance and Ministry of Transportation stated the Government had sold the operational rights of Cheongju International Airport to a private consortium for KRW25.5 billion (USD22.6 million). The consortium, named the Cheongju Airport Group, was comprised of Korea Aviation Consulting Group, Heungkuk Life Insurance and HAS & ADC [1].