South Korea to privatise airports

8/29/2008 10:28:50 AM

South Korea will put up for sale management rights in some of the country's 14 domestic airports, of which only five posted profits in 2007, Reuters reported.   The move is part of a drive to privatise and reform state-run companies.   Earlier in the month, South Korea's finance ministry said a 49 percent stake in state-owned Incheon International Airport would be sold to global airport operators to boost its competitiveness.   Details have not yet been given on the time frame for the sell-off, or which airports would be affected, and pubic hearings will be held before a detailed plan is set.   CargonewsAsia

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