Article 1(Purpose) #
The purpose of this Act is to ensure the efficient construction, management, and operation of airports by establishing the Korea Airports Corporation, which shall implement projects to develop and support the airline industry to facilitate air transportation, thereby contributing to the development of the national economy and the promotion of national welfare. <Amended by Act No. 12474, Mar. 18, 2014>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 2(Corporate Personality) #
The Korea Airports Corporation (hereinafter referred to as the "Corporation") shall be a juristic person.
Article 3(Offices) #
(1) The seat of the Corporation's principal office shall be prescribed by its articles of incorporation.
(2) The Corporation may, if deemed necessary to perform its business, open its branch offices, following the resolution of the board of directors.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 4(Capital and Investment) #
(1) The Corporation's capital shall consist of its stock.
(2) The State or a local government may make investments in kind in the Corporation with their movable or immovable property necessary for the Corporation to perform its business, notwithstanding the provisions of the State Property Act and the Local Finance Act.
(3) The State or a local government may invest the management authority over airport facilities provided for in Article 26 (1) of the Airport Facilities Act in the Corporation, as prescribed by Presidential Decree. <Amended by Act No. 14113, Mar. 29, 2016>
(4) The State or a local government shall comply with the State Property Act in investing in the Corporation under paragraph (2) or (3). <Amended by Act No. 9401, Jan. 30, 2009>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 5(Registration) #
(1) The Corporation shall be established at the time when it registers such establishment at the location of its main office.
(2) Necessary matters concerning the registration of establishment of the Corporation under paragraph (1), the registration of installation of its branch offices, the registration of transfer and alteration, and other registration of the Corporation shall be prescribed by Presidential Decree.
(3) With respect to matters requiring registration, the Corporation may not oppose any third party without making registration thereof.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 5-2(Prohibition on Use of Similar Names) #
Anyone who is not the Corporation provided for in this Act shall be prohibited from using the Korea Airports Corporation or any other similar names.
[This Article Newly Inserted by Act No. 8255, Jan. 19, 2007]
Article 6 #
Deleted. <by Act No. 9548, Mar. 25, 2009>
Article 7(Appointment of Agent) #
The President may appoint an agent having authority to perform all judicial or extrajudicial acts in connection with the affairs of the Corporation, from among its employees, as prescribed by its articles of incorporation.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 8(Prohibition, etc. of Divulging Confidential Information) #
No person who is or was an executive officer or employee of the Corporation shall divulge or misuse confidential information that comes to his/her knowledge in the course of performing duties.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 9(Projects) #
(1) The Corporation shall implement the following projects: <Amended by Act No. 9780, Jun. 9, 2009; Act No. 10161, Mar. 22, 2010; Act No, 12474, Mar. 18, 2014; Act No. 12650, May 21, 2014; Act No. 14113, Mar. 29, 2016; Act No. 14115, Mar. 29, 2016; Act No. 14116, Mar. 29, 2016; Act No. 15406, Feb. 21, 2018>
1. Management and operation of airports (excluding Incheon International Airport; hereinafter the same shall apply) and the development of neighboring areas required therefor;
1-2. Training and education of aircrew under subparagraph 14 of Article 2 of the Aviation Safety Act, and establishment and operation of training facilities necessary therefor;
2. Management and operation of airport facilities and airfield facilities under subparagraphs 7 and 8 of Article 2 of the Airport Facilities Act;
3. Projects prescribed by Presidential Decree to install, expand, or upgrade aircraft, passenger and cargo handling facilities, and other facilities necessary to operate airports, among airport development projects under subparagraph 9 of Article 2 of the Airport Facilities Act;
3-2. Projects of ground support service specified in subparagraph 19 of Article 2 of the Aviation Business Act and aircraft maintenance service specified in subparagraph 17 of the same Article, which satisfy the detailed standards such as a target area (limited to an airport which inevitably needs operational support of the Corporation for operation safety, etc.) and scope prescribed by Presidential Decree;
3-3. Projects for establishment, expansion, and improvement of airfield facilities from among airfield development projects under subparagraph 10 of Article 2 of the Airport Facilities Act;
4. Construction and operation of multi-modal transport facilities including terminals to connect air transport with land and marine transport;
5. Investigation, research, and technological development programs for the projects referred to in subparagraphs 1, 1-2, 2, 3, 3-2, 3-3 and 4;
6. Manufacturing, sale and export of equipment developed in connection with the programs under paragraph 5;
7. Programs incidental to the projects under subparagraphs 1, 1-2, 2, 3, 3-2, 3-3, 4 and 5, which are prescribed by Presidential Decree;
8. Projects for preventing airport noise, resident support projects, and other projects prescribed by Presidential Decree in accordance with the Airport Noise Prevention and Areas Assistance Act;
Article 10(Free Lease, etc. of State Property) #
(1) Where the Minister of Land, Infrastructure and Transport deems it necessary for the efficient implementation of airport development projects conducted by the State and the projects under the subparagraphs of Article 9 (1) conducted by the Corporation, the Minister may lease the state property to the Corporation without compensation therefor, or allow the Corporation to use or to make profits from such property, notwithstanding the provisions of the State Property Act. <Amended by Act No. 11690, Mar. 23, 2013>
(2) Notwithstanding the National Property Act, the Corporation may construct buildings or other permanent facilities on national property for which it has received a loan or permission for using and profiting pursuant to paragraph (1) or the Airport Facilities Act. In such cases, the State may place a condition on donating it to the State or restoring it to its original state at the end of the period of loan or permission for using and profiting, in consideration of the type of permanent facility, etc. <Amended Feb. 13, 2024>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 11(Sublease, etc. of State Property) #
(1) If deemed necessary for the efficient implementation of the airport development project conducted by the State and the projects under the subparagraphs of Article 9 (1) conducted by the Corporation, the Corporation may sublease the State property leased, or allowed to use or to make a profit under Article 10 or the Airport Facilities Act. <Amended on Feb. 13, 2024>
(2) When the Corporation intends to sublease any state property in accordance with paragraph (1), it shall obtain approval therefor from the Minister of Land, Infrastructure and Transport. <Amended by Act No. 11690, Mar. 23, 2013>
(3) No person to whom any national property is subleased under paragraph (1) shall lease or allow any other person to use, or make a profit from, such property.
(4) Any person who has obtained a sublease of State property pursuant to paragraph (1) shall construct a building or other permanent facilities on the property: Provided, That he or she may construct a building or other permanent facilities on the property, if the Minister of Land, Infrastructure and Transport deems it necessary for administrative purposes or for the performance of duties of the Corporation to be reverted to the State. <Amended on Feb. 13, 2024>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 12(Subsidies, etc.) #
The Government may partially subsidize expenses incurred in the projects of the Corporation, finance treasury fund to the Corporation, or assume bonds issued by the Corporation within its budgetary limits.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 13(Issuance, etc. of Bonds) #
(1) The Corporation may issue bonds, following a resolution of the board of directors.
(2) The amount of bonds to be issued shall not exceed four times the aggregate capital and reserve of the Corporation.
(3) The Government may guarantee the repayment of the principal and interest of bonds issued by the Corporation.
(4) The period of extinctive prescription of bonds shall be five years for the principal and two years for interest.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 14(Borrowing, etc. Funds) #
The Corporation may borrow necessary funds and goods (including borrowing funds and import of goods from overseas countries), following a resolution of the board of directors.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 15(Reversion of Passenger Service Charges of Domestic Lines) #
The passenger service charges of domestic lines, among other service charges collected by the Corporation under Article 32 (1) of the Airport Facilities Act shall be attributed to the Corporation's revenue. <Amended by Act No. 14113, Mar. 29, 2016>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 16(Guidance and Supervision) #
The Minister of Land, Infrastructure and Transport may guide and supervise the Corporation with respect to the following matters and affairs related thereto, to enhance public service and public interests in the operation of airports: <Amended by Act No. 11690, Mar. 23, 2013>
1. Matters concerning the security of airport facilities and aviation safety;
2. Matters concerning convenience and safety of the users of airport facilities.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 17(Report to National Assembly) #
The Corporation shall make a report to the National Assembly on matters concerning its major project plans and its management and operation at least once a year.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 18 #
Deleted. <by Act No. 9548, Mar. 25, 2009>
Article 19(Relation to Other Acts) #
Except as otherwise provided for in this Act and the Act on the Management of Public Institutions, the provisions governing the stock company of the Commercial Act and the Act on the Improvement of Managerial Structure and Privatization of Public Enterprises shall apply to the Corporation: Provided, That Article 292 of the Commercial Act shall not apply to the Corporation.
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 20(Penalty Provisions) #
A person who has violated Article 8 shall be punished by imprisonment with labor for not more than two years or by a fine not exceeding 20 million won: <Amended on Nov. 28, 2017>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]
Article 21(Administrative Fines) #
(1) Any person who violates Article 5-2 shall be punished by an administrative fine not exceeding five million won.
(2) Administrative fines under paragraph (1) shall be imposed and collected by the Minister of Land, Infrastructure and Transport. <Amended by Act No. 11690, Mar. 23, 2013>
[This Article Wholly Amended by Act No. 9548, Mar. 25, 2009]