​IATA and Incheon International Airport Cooperation (IIAC) have signed a cooperation agreement to enhance the operational efficiencies and passenger experience at Incheon Airport. The Agreement was signed by Alexandre de Juniac, IATA’s Director General & CEO, and Chung II-Young, IIAC’s President. The cooperation is the first of the kind in East Asia. ​

The Agreement will see IATA and IIAC developing and implementing joint programs, as well as collaborating in work processes. Fast Travel is among the IATA initiatives that is being considered by IIAC.

"Today we are formalizing our longstanding partnership with IIAC. Based on global standards and best practices we aim to enhance operational efficiencies and the passenger experience. IIAC is already well-known as one of the world's best airports. And we share a determination to keep IIAC at the leading edge of industry efforts," said de Juniac.

By 2035, South Korea’s aviation industry is expected to support 1.2 million jobs and $94 billion in GDP. ​