The South Korean Government plans to sell a stake in the state-run Seoul Incheon International Airport through an initial public offering (IPO) late next year.
Up to a 15% stake will be sold through the IPO, says a spokeswoman at Seoul Incheon.
The Government plans to eventually sell up to 49% as part of plans to privatise the airport and other state-run companies.
"We are thinking of offering more through the IPO in 2011," says the spokeswoman.
There is a possibility that a stake will be sold to a foreign airport management company, but a foreign firm cannot own more than 10%, she adds.
The remaining 51% stake will remain with the Government, she says.