1. Reasons for Amendment
- Strengthening Financial Soundness and Safety Investments for Air Transport Operators: In response to changing domestic and international environments, the capital requirements for issuing new licenses to air transport operators are raised to strengthen their capacity for safety investments and consumer protection. Furthermore, to align with the amendment to the Aviation Business Act (Act No. 16565, promulgated on August 27, 2019, and implemented on February 28, 2020), which shortened the continuous capital impairment period leading to license cancellation from "3 years or more" to "2 years or more" following a business improvement order to weed out insolvent operators, the requirements for imposing surcharges in lieu of such dispositions are revised accordingly.
- Enhancing Institutional Effectiveness for Vulnerable Passengers: While standards for the convenience of using air transportation for vulnerable passengers have been regulated and operated to protect vulnerable groups and guarantee their right to mobility, the level of sanctions for violations is rationally adjusted to enhance the effectiveness of the system.
2. Main Contents
A. Raising Capital Requirements for New Air Transport Operators (Proposed Attached Table 1)
- Raising the capital requirements for licensing new air transport operators to secure safety investment capacity and financial soundness.
B. Reorganizing Surcharge Imposition Requirements (Proposed Attached Table 3)
- Amending the requirements for imposing surcharges in lieu of license cancellation, etc., to match the shortened continuous capital impairment period ("3 years" to "2 years") for air transport operators that have received a financial structure improvement order, pursuant to the amendment of the Aviation Business Act.
C. Increasing Fines for Violations (Proposed Attached Table 11)
- Raising the standards for imposing fines considering the repetitive violations of the "Standards for Convenience of Air Transportation Use by Vulnerable Passengers."
