We initiatively expand the MRO business
as the greatest airport in Northeast Asia equipped with global infrastructure.
Incheon Airport has a foundation for infinite growth through the world-best MRO infrastructure, abundant expertise, and various incentives.
Incheon Airport is taking the initiative to expand the MRO business for the timely establishment of the 1,200,000㎡ MRO site as a part of the four-stage construction project and other development activities including the recruitment of investors. It also continuously strives to lower the barrier for investments by additionally designating the MRO cluster as a free trade zone.
Blue ocean with a scale of USD 2.2 billion
Establishing professional facilities and sites for MRO business
Supplying MRO professionals with rich technical skills
Exceptional incentives according to investment conditionsThe salary level of Korean MRO personnel is reasonable, between those of Japan and China, and an abundance of competent MRO professionals is available thanks to the development of a quality labor force in MRO.
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Trained mechanics | 741 | 586 | 804 | 927 | 1,002 |
In order to foster the MRO industry, incentives in government taxes and subsidies are offered, striving to lower investment barriers for foreign companies.
| Tax Reduction and Exemption | ||
|---|---|---|
| Customs Duty | Imported Capital Goods | 100% exemption for 5 years |
| Local Tax | Acquisition Tax | 100% exemption for 15 years |
| Property Tax | 100% exemption for 10 years 50% exemption for 3 years |
|
| Subsidy Assistance (companies whose percentages of foreign investments are over 30%) | |
|---|---|
| Employment Subsidies | KRW 500,000 per person for the excess of 20 newly hired employees (up to 6 months) (applicable when establishing new foreign investment companies) |
| Education and Training Subsidies | KRW 500,000 KRW per person for 6 months (applicable when newly hiring over 20 Koreans) |