Airport City Overview
- The airport is undergoing a transformation into a vast industry that generates high added value to cultivate diverse sectors such as logistics, culture, tourism, and commerce, expanding far beyond its conventional role as a mere landing space for aircraft. In line with global trends, countries are strategically investing in their airports, and Incheon International Airport is also gearing up to evolve into an airport city, with ambitions to become a thriving hub for tourism and business in Northeast Asia.
- The initial phase of the International Business Complex (IBC-I) and the 5th runway (golf course) are currently under development. Simultaneously, we are seeking investments for both IBC-I and IBC-II, and working on the development of a resort complex in IBC-III to attract additional investments. The development of the airport city is projected to strengthen support for the airport, stimulate new demand in aviation, and contribute to both national and regional growth.
| Type | Status |
|---|---|
| ① Phase 1 of International Business Center 1 | Total Project Cost: KRW 666 billion - Facilities: 4 officetel buildings, medical center, Grand Hyatt Hotel, Best Western Hotel, etc. |
| ② Phase 2 of International Business Center 1 | - Phase 1 Construction (opened in April, 2017) - Total Project Cost: KRW 2.2 trillion ※ Phase 1: Hotel (769 rooms), casino, etc. (project cost: KRW 1.5 trillion) ※ Phase 2: Commercial facilities, international conference rooms, etc. |
| ③ Phase 2-2 of International Business Center 1 | - Racing facilities, indoor activity facilities, etc. (59㎡) - Scheduled to commence operations in the first half of 2025 |
| ④ Orange Dunes Yeongjong Golf Club | - Golf course (18 holes) and ancillary facilities (opened in June, 2021) - Total project cost: Approx. KRW 40 billion, project area: approx. 852,000㎡ |
| ⑤ T1 Long-term Parking Lot Landmark | - Site area: 380,000㎡ - A landmark integrating passenger services (ticketing, parking, etc.) with culture and arts (a tourist attraction) |
| ⑥ Southern Waterside (Water Park) | - Project area: Approx. 400,000㎡ - Boat Racing Training Center: Training facilities, accommodation, maintenance facilities, lecture halls, etc. - Nest Hotel: 370 guest rooms, convention center, F&B, etc. |
| ⑦ International Business Center 3 (Inspire IR) | - Phase 1A (461,000㎡, KRW 1.5 trillion mixed entertainment facilities) - 3 Hotels with 1,275 rooms, casino, arena, pool dome, etc. ※ Scheduled for completion in September, 2023 |
| ⑧ MRO | - Maintenance, inspection, disassembly, and repair complex for safe operation of aircraft - Hangars, engine parts MRO facilities, maintenance training center, etc., as part of a one-stop MRO cluster |
| ⑨ FBO | - Services provided for general aviation - Dedicated terminal, apron, hangars, and other related facilities |
| ⑩ Art Storage Facility Development Project | - Site area: 33,000㎡ - Ancillary facilities for art storage |
| ⑪ International Business Center 2 | - Accommodation (hotels, etc.), offices, commercial facilities, etc. - Capital being raised for project development |
| ⑫ Airport Logistics District | - Phase 1: 992,000㎡, 28 units - Phase 2: 651,000㎡, 12 units - Phase 3: 326,000㎡ (available from the first half of 2022) |
| ⑬ Cargo Terminal | - AACT Cargo Terminal 2: Built with a BOT method, new construction (started operations in 2020) - DHL Cargo Terminal: BOT method, expansion (available from the first half of 2022) |
| ⑭ 72-Hole Public Golf Course | - 72-hole public golf course: Approx. 3,695,000㎡, including a 72-hole practice range with 300 bays - BMW Driving Center: Approx. 300,000㎡, featuring a circuit, sports park, and more |
