South Korea seeks advisor for Incheon Airport IPO

Singapore
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South Korea's government is looking to pick an advisor to help it sell a stake in Seoul's Incheon International Airport through an initial public offering (IPO).

"The government is trying to find an advisor and it could make a decision this month," says an official at Incheon Airport. "By the end of this year or early next year, a decision could be made on when an IPO will take place."

Up to 49% of the airport could be listed as part of the move, according to South Korean news reports. This is part of the government's 2008 plan to privatise the airport and other state-run companies.