Reinforcement Plan of the Ministry of Land, Infrastructure and Transport-Aviation MRO Industry’s Competitiveness
Ministry of Land, Infrastructure and Transport Foster MRO industry in line with the world's 7th largest air transportation industry
Aviation MRO's overseas dependence : declined within 30% ▼
Size of domestic maintenance market : Expand 7x ▲
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Size of MRO handling in Korea
KRW 0.7 trillion 2020
▶
KRW 5 trillion2030
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Domestic maintenance rate
44%2020
▶
70% or more2025
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MRO related jobs
7,000 people2020
▶
23,000 people2030
Support for expanding domestic MRO volume
- Introduction of incentives for overseas outsourced maintenance and domestic U-turn support, and establishment of all time support system
- Conversion of military maintenance volume to the civilian
- Expansion of public procurement of domestic helicopters and the improvement of the purchasing environment for helicopters
Securing price competitiveness
- Relief of import duty burden for aviation parts
- Financial assistance for MRO related companies (investment and loans, etc.) via the establishment of aviation industry development association
Strengthening aviation maintenance technology capabilities
- Preparation of MRO's technology roadmap (First half of 2022) and priority investment in core technologies of a large impact
- Priority support for R&D when participating in international joint development projects for acquiring overseas maintenance technology
Strengthening MRO industry's growth base
- Support for fostering specialized fields by area of MRO clusters
- Execution of Korea-US aviation safety agreement on maintenance area, and establishment of certification infrastructure
- Continued fostering of basic maintenance manpower and the expansion of aviation related field linked training
Incentives for Investment Companies within Jeollanam-do
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Location subsidization
- 30% of sale price, up to KRW 400 million
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Facilities subsidization
- Up to KRW 500 million such as construction cost, facility equipment purchase cost, and infrastructure installation cost
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Special assistance for large scaled investments
- Up to KRW 100 billion for investment of KRW 50 billion or more or employment of 100 or more people full time
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Special support for foreign investment
- Conditions of subsidization : Foreign investment ratio of 30% or more
- Target of subsidization : materials and parts, high technology, large scale job creation related industries, etc.
- Details of subsidization : 10% or less of the amount of foreign direct investment (FDI)
- Rent reduction or exemption for foreign investment zones of complex type (up to 100%)