Revenue of Incheon International Airport South Korea 2014-2023

The consolidated turnover of Incheon International Airport amounted to around 2.25 trillion South Korean won in 2023, which was an increase compared to the previous year. Located in the city of Incheon in Korea, Incheon International Airport is the largest and major international airport in Korea.

Opening of Incheon International Airport

As the demand for international travel increased during the late 1990s, Incheon International Airport opened to handle international flights. It is about an hour away from Seoul and is a maritime airport which was made by filling the sea. Since its opening as South Korea's main international airport in 2001, it has played an important role in the air transportation industry in Asia and around the world. Incheon Airport operates two terminals and can handle a significant number of passengers and cargo. In addition, it is home to a number of duty-free shops such as Shilla, Shinsegae, and Hyundai.

Growing low-cost carriers (LCCs)

Low-cost carriers have helped increase the number of passengers using Incheon International Airport. LCC airlines in South Korea operate domestic and international flights with a focus on neighboring Asian countries including Vietnam and the Philippines. There are several domestic low-cost carriers such as Jeju Air, Air Busan, and Aero K. These carriers' share of international air passenger traffic has steadily increased fin recent years.