Incheon Airport targets growth through partnerships
15 / 09 / 2023
Source: Incheon International Airport
Incheon International Airport highlights recent developments that it hopes will help boost cargo volumes.
The South Korean airport said that in October FedEx had opened a new cargo terminal at the airport.
The airport paid to construct the terminal while operations are handled by the lessee.
The project saw investments of KRW53.5bn from Incheon International Airport and KRW40.5bn from FedEx.
The airport said that it is “intensifying its collaboration” with the express giant and recently welcomed FedEx president of airline and international Richard Smith to view the facilities.
“With FedEx considering business expansion in the Asia Pacific region, discussions focused on potential strategies for leveraging Incheon International Airport as a major hub to attract greater air cargo demands,” the airport said.
The expansion of the DHL cargo terminal was also completed last year.
DHL has operated a cargo terminal at Incheon International Airport since 2007 and the expansion has enlarged the facility to three times its original size, now spanning 58,000 sq m from 19,000 sq m.
“Not only has the facility expanded, but it has also integrated modern logistics systems, significantly reducing the time needed to handle import and export cargoes,” the airport said.
“The number of express cargoes processed per hour has significantly increased from 8,100 to over 20,000, promising to substantially boost cargo throughput at Incheon International Airport.”
The airport also partnered with Jeju Air on information sessions in Hanoi and Ho Chi Minh to promote the use of Incheon to around 61 local logistics companies in Vietnam.
In the perishable goods sector, collaborations are underway with organisations such as the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Trade-Investment Promotion Agency (KOTRA).
In the pharmaceutical domain, the airport is liaising with prominent companies such as Celltrion and Samsung Biologics on the transportation process.
In addition, plans are underway for a potential collaboration with the Korea Biomedicine Industry Association.
Lee Hak-Jae, the President of Incheon International Airport, said: “Incheon International Airport remains dedicated to continual collaboration with international logistics corporations, striving to augment infrastructure and thereby solidify its position as a pivotal logistics hub in Northeast Asia.”
Incheon recently became the first airport to secure IATA CEIV certification in perishable goods, pharmaceuticals, and lithium batteries.
Incheon Airport Community scores a world first with IATA certification
