Incheon Airport Corporation Develops 2nd Airport Logistics Complex to Support Market Expansion for SMEs

Kim Kyung-wook, President of Incheon International Airport Corporation (right), is taking a commemorative photo with Kim Hak-do, Chairman of the Small and Medium Business Corporation (left), at the signing ceremony for the joint development agreement of the social value business rights for the Incheon Airport 2nd Airport Logistics Complex held on the 8th in the conference room of Incheon International Airport Corporation.

[Asia Economy Reporter Dongwoo Lee] Incheon International Airport Corporation announced on the 8th that it signed a 'Joint Development Agreement for the Social Value Business Rights of Incheon Airport 2nd Airport Logistics Complex' with the Small and Medium Business Corporation at the corporation's conference room.

Through this agreement, both organizations will allocate part of the land in the Incheon Airport 2nd Airport Logistics Complex as social value business rights to promote the development of logistics facilities supporting domestic small and medium enterprises, startups, and e-commerce companies that have abundant growth potential but lack financial capacity. This is part of efforts to support these companies' overseas market expansion and to enhance social value.

The Incheon Airport 2nd Airport Logistics Complex is a logistics facility complex being developed on a 326,000㎡ site adjacent to the Incheon Airport 2nd Passenger Terminal. Both organizations plan to strengthen mutual cooperation by forming a working-level consultative body.

Incheon International Airport Corporation will be responsible for land development within the 2nd Airport Logistics Complex and supplying logistics facilities to support the market expansion of the relevant companies, while the Small and Medium Business Corporation will discover promising companies with high policy support needs and support the operation of logistics facilities within the business rights.

The signing ceremony was conducted in compliance with COVID-19 quarantine guidelines, attended by Kim Kyung-wook, President of Incheon International Airport Corporation, Kim Hak-do, Chairman of the Small and Medium Business Corporation, and officials from both organizations.

Kim Kyung-wook, President of Incheon International Airport Corporation, stated, “Based on this agreement, we plan to promote the development of social value business rights within the Incheon Airport 2nd Airport Logistics Complex to support the overseas market expansion of domestic small and medium enterprises, startups, and e-commerce companies. We will continue to actively pursue mutual growth with promising domestic companies that require policy support, leading the expansion of social value and innovation in ESG management.”