The Best Aviation Cargo Hub in Northeast Asia , Incheon Airport

With More than 2.76 million tons of international cargo in 2019, now Incheon Airport is the hub of Northeast Asia.


Cargo Records of Incheon Airport

Since its opening in 2001, Incheon Airport has seen its cargo volume increase at an average 4.8% every year. As a result, Incheon Airport was the No.3 airport in international air cargo throughout volume in 2019.

Office

Strong Connectivity

Incheon Airport connects 101 cities in 42 countries through 22 airlines in the freight sector. (As of July 2020)

Office

Incheon Airport’s Cargo Trends by Region

With regard to the regions where Incheon Airport's air cargo is trans-ported, performance is centered around Asia, the Americas and Europe. Incheon Airport is playing its role as a bridgehead that connects Asia with the Americas and Europe.

Office

Honors & Certificates

Incheon Airport has been recognized as a world class cargo airport in the air cargo market by winning several international cargo awards and certifications

Awards/Certifications Awarding/Certifying Organization Years
Asia Freight, Logistics and Supply Chain Awards:
The Best Cargo Airport in Asia
Asia Cargo News 2020
CEIV Pharma Certification IATA 2019
Asia Cargo Excellence Awards :
Global Outstanding Cargo Airport
Asia Cargo World 2018
Asia Cargo Excellence Awards :
Outstanding Cargo Airport in Asia
Asia Cargo World 2017, 2016
18th Korea Logistics Awards
Air Cargo Excellence Awards
Korea Logistics Society
Air Cargo World
2015
Air Cargo Excellence Awards
Green Logistics Awards
Air Cargo World
Green Logistics Association
2014
World Air Cargo Award :
Cargo Airport of the Year
Air Cargo Week 2013
Air Cargo Most Outstanding
in Asia Middle-East Region
Air Cargo World 2010

Cold Chain Upgraded for Perishable cargo

Responding to the annual 20% or so growth of perishable cargo, Incheon Airport prepares for the new era of air cargo transporation by building cool cargo center in the airport and acquiring international certification.

Free Trade Zone in Incheon Airport

To promote the logistics industries, there is Free Trade Zone in Incheon Airport. The FTZ is established on Cargo Terminal Area and Incheon Airport Logispark

Cargo Terminal Area

Development Overview

Category Cargo Teriminal
Facilities Cargo Teriminals (7 Buidings), Air Cargo Warehouses (3 Buildings), Special Purpose Facilities (3 Buidings), Bonded Area Designated by customers (2 Buildings)
Development Method BTO Method (BOT for AACT and DHL Terminals)
Lease Period 12 ~ 20 Years

Operation Status

Category Construction Area(㎡) Capacity (10,000tons) Business Method
Korean Air T1 73,651 143 BTO
T2 37,466 26 BTO
Asiana Airlines 70,509 110 BTO
Foreign Carrier Cargo Terminal 75,807 52 BTO
DHL 19,947 22 BOT
AACT T1 15,746 19 BOT
T2 19,544 13 BOT
International EMS Center 33,584 35 BOO
US Military EMS Center 1,974 2 BOO
Total 348,228 422

Incheon Airport LogisPark

Incheon Airport is focused on attracting production facilities and distribution centers from global manufacturers to the Incheon Airport LogisPark and on creating cargo volume for key target routes. It plans to be more than a simple space for import and export of air cargo.

Development Overview

Category Phase 1 Phase 2
Site Area 992,000㎡ 651,000㎡
Facilities
(Companies)
28 6
Development Method BOT BOT
Lease Period Maximum 50 years
* The Development of Phase 3(326,000㎡) will be completed on April, 2021


Operation Overview

Category Opening
Date
Supply Lease Occupancy
Rate(%)
Lot Area(㎡) Business Lot Area(㎡)
Phase 1 Jan.2006 42 482,384 28 41 477,504 99.0%
Phase 2 Feb.2013 29 443,152 9 26 403,506 91.1%

Logistics Incentive Program

Incheon Airport provides continued support to reduce the financial burden of cargo carriers that face difficulty due to COVID-19 and stabilize the aviation industry.

Jan.1 - Dec. 31, 2020 (for 1st year) and Jan. 1-Dec.31, 2021(for 2nd year)

Category Details
Support for the management or cargo carriers 100% Reduction of landing fee for 1 year
Operation of Cargo Aircraft First Operation 100% of landing fee covered for 2 years.
New Routes Landing fee convered for 2 years(100% for 1st year and 50% for 2nd year)
Added Flights MTOW additional arriving late at night -> 75% for 1st year, 25% for 2nd year
Night Flights Landing fees for flights arriving late at night -> 50% for 1st year and 25% for 2nd year
Increased cargo volume

cargo carriers

  • Passengers air craft cargo : 10,000 won subsidy per ton of increase from previous year in transshipment cargo volume
  • Cargo aricraft cargo : 20,000 won subsidy per ton of increase from previous year in transshipment cargo volume(limit:2 bil, won in total)

Logistics companies

  • 20,000 won subsidy per ton of increase from previous year in transshipment cargo volume (limit:1 bil, won in total)
new growth cargo (by attracting GDC) 50,000 won subsidy per ton of cargo filed to GDC as being carried abroad for each cargo owner (max 500 mil. won)

Land Use Fee Incentives

Construction fee reduction by the cost of the domestic and international company to plan, build, and manage resident facility

Manufacturing companies

Investment Incentives
Investing over $10 million USD 50% reduction for 3 years
Investing over $30 million USD 100% reduction for 5 years
Investing over $50 million USD 100% reduction for 7 years

Distribution companies/global shipping companies/distribution facility development companies/warehouses

Investment Incentives
Investing over $5 million USD 50% reduction for 3 years
Investing over $15 million USD 100% reduction for 5 years
Investing over $30 million USD 100% reduction for 7 years
Global shipping companies are eligible for extension of reduction period up to 3 times in 1 year when it meets distribution amount agreement for 8 quarters leading up to the end of the incentive period(Agreement Article 3 Part 7)

Additional reduction for all companies

Type Description
Period For 8 quarters before the end of land use fee reduction period
Condition When the company exceeds 10% of the Air Cargo Complex’s processing total
Additional reduction Additional year of land use fee reduction

Tax Benefits in FTZ

Section Exemption Condition Details
$10million or more Tariffs Imported Capital Goods Exemption for less than 5 years
Local Tax Acquisition Tax • Investment Amount(USD)
Manufacturing : $ 10 million or more
Logistics : $ 5 million or more
R&D : $ 1 million or more
Exemption(100%) for 15 years
Property Tax
  • 100% for the first 10 years
  • 50% for next 3 years
Exemption of Tariffs
  • Non-Tariff on Foreign Goods : FTZ
  • Exemption of Tariffs for 3 years on imported Capital Goods : FTZ
  • Tariff Refundable for Domestic Goods that require Carry-In Report (Deemed as Export Good)
    • Machinery, Utensil, Facility, Equipment and its parts
    • Raw Material, Lubricant, Office computer and Construction Material
    • Non-Tariff on all foreign production Facilities and goods