Since its opening in 2001, Incheon International Airport has become the world's third busiest Global Cargo Hub handling an average of 2.82 million tons annually through continuous infrastructure and network development. In 2021, it is expected to exceed 3 million tons for the first time since the launch of Incheon International Airport 20 years ago.
A Korean Air cargo plane departing from Incheon International Airport at 10:58 p.m. on July 27, 2021, transported 70 tons of cargo to Atlanta Airport, USA, achieving a cumulative 50 million tons of air cargo in just 20 years. The air cargo volume, which was only 1.19 million tons per year when Incheon International Airport opened in 2001, reached a cumulative 10 million tons in early 2006. The air cargo growth has accelerated in recent years, accumulating 50 million tons in just about three and a half years since achieving 40 million tons in early 2018.
Incheon International Airport has 1.15 million tons of transshipment cargo which is 40% of the total 2.82 million tons of international air cargo recorded in 2020. It is solidifying its position as an air hub of Northeast Asia with a higher rate of transshipment cargo handling than nearby airports.
Incheon International Airport is currently undergoing a four phase construction project. It plans to become a mega hub that can accommodate 106 million passengers, serve 600,000 flight operations, and handle 6.3 million tons of cargo annually. The fourth runway, a key facility in the four phase project, successfully opened on June 17, 2021. By 2024, the expansion project for Terminal 2 is expected to be completed, making the airport a world-class business center and Global Cargo Hub.
Incheon International Airport's perishable cargo is increasing to around 20% yearly, due to the onset of the COVID-19 pandemic and rising income level. To cope with the change of trends, the airport opened a Cool Cargo Center in the airside area in September 2021 to minimize transshipment time for biopharmaceuticals such as vaccines, fresh produce, and livestock guaranteeing optimal product conditions in any extreme weather.
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Incheon International Airport's Free Trade Zone consists of the Cargo Terminal Area and Airport LogisPark, providing a more competitive environment for customers with convenient customs clearance, tariff benefits, and various incentive programs. In April 2005, 209.3 ha. was designated as a Free Trade Zone, and 92.2 ha. was expanded in December 2007 as the First Airport LogisPark. The 32.6 ha. Second Airport LogisPark was completed in April 2020 as part of the Free Trade Zone, as tenants were guaranteed exemption from local regulatory obligations for manufacturing, air cargo, and trade activities with low rents and suspended tax as benefits.
The Cargo Terminal Area and Airport LogisPark within the Free Trade Zone are connected by direct transport route, so there are no additional transportation procedures. High-value air cargo activities are made possible through simple processing, assembly, and consumption declaration, actively responding to the rapidly changing global business environment.
There are 38 cargo companies and two manufacturing companies at the Airport LogisPark, where the formerly plain export and import businesses are evolving into the handling of high-value shipments and/or multimodal cargo.
In addition, the Cargo Terminal Area has Korean Air, Asiana Airlines, and other global courier companies that make up the Global Cargo Hub with seven cargo terminals, three cargo warehouses, four special purpose facilities, and two bonded areas designated by local customs services.
More Information| Category | Cargo Terminal Area | Global Courier Companies | Air Cargo Warehouse | Special Purpose Facilities | Bonded Area Designated by Customs |
|---|---|---|---|---|---|
| Facilities | Korean Air 1 & 2 Asiana Airlines AACT 1 & 2 |
DHL FedEx |
Forwarding Warehouse A&B |
International EMS Center US Military EMS Center Incheon Customs Express Cargo Center Dangerous Goods Terminal |
Customs Designated Shed Customs Service Building |
Incheon International Airport is leading the development and revitalization of infrastructures in airport-related industries, including tourism, air cargo, and aviation support. Not only has the airport become the center of global air cargo due to its Free Trade Zone it is continuing to expand its business horizons in aerial Maintenance, Repair and Operations (MRO) projects, travel businesses and other high-tech industries. As more business entities are gathering near the airport in the Air City, the collective economy will be growing into a representative economic bloc in Northeast Asia.
Incheon International Airport includes a 1.6 million ㎡ MRO site construction project in the phase four construction plans. The airport plans to provide an integrated all-in-one service for airlines around the world by offering a broad pool of MRO professionals with expert facilities, ready-for-business sites, and technology catered specifically for the MRO industry. In May 2021, the Israeli IAI group's cargo aircraft renovation business started operations in Incheon. Following in July, a dedicated maintenance facility for American Atlas Air, the world's largest cargo airline, opened in the Incheon MRO cluster.
Incheon International Airport is pursuing innovative ESG management, including global eco-friendly efforts, social value creation, and transparency in corporate governance. The airport will become an innovative global enterprise that presents a transparent and fair corporate governance structure by implementing a low-carbon eco-friendly airport by 2040 by converting to 100% renewable power sources and minimizing environmental impact. As a socially responsible employer, the airport will be creating 120,000 new jobs, reaching zero in fault, accident, and hazard numbers. by 2030. In the meantime, the airport aims to achieve top grade in overall anti-corruption assessment and introduce a labor board director.
Incheon International Airport has declared a new vision for 2030 "We Connect Lives, Culture and the Future." Through this vision Incheon aspires to enter the future by breaking new grounds, setting new paradigms while creating new life values by connecting people – an ultimate value the airport is in pursuit of. Based on the nine new vision strategic tasks, including digitalized airport operation, it will achieve 1) Best ACI customer experience 2) 1st in energy independence of Northeast Asia 3) Zero accidents 4) Global No. 1 in Airport Throughput Units (ATU), and 5) Contribute 88 trillion Korean won to the national economy.
ATU (Airport Throughput Units): It is a performance indicator created by the Airport Council International (ACI) to evaluate the air transport capabilities of airports around the world. Airport Throughput Unit is counted as ATU= Passenger numbers + cargo (tons) x 10 + flight count x 100
