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A worker assembling a loader transmission mechanism at a manufacturer in Qingzhou, China. Nurphoto | Nurphoto | Getty Images Australia market opened lower on the last trading day of the year, while investors in Asia awaited manufacturing data from China. Australia’s S&P/ASX 200 traded 0.56% lower on a shortened trading day. Japan and South Korea’s … Read more
The wreckage of Jeju Air Co. Flight 2216 at Muan International Airport in Muan County, South Korea, on Monday, Dec. 30, 2024. SeongJoon Cho | Bloomberg | Getty Images Boeing shares dropped nearly 5% in premarket trading Monday, after South Korea ordered an inspection of all B737-800 planes, the model involved in a deadly Jeju … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed upon landing on Sunday, killing all but two of the 181 people on board in one of … Read more
South Korea’s acting President Choi Sang-mok has ordered the transport ministry to carry out an emergency safety inspection of the country’s airline operation system, local news agency Yonhap reported Monday. Choi was speaking at a disaster control meeting in Seoul, after a Jeju Air flight crashed at the country’s Muan International Airport on Sunday, leading … Read more
Witnesses to a deadly plane crash in South Korea on Sunday said they observed flames in the engine of the aircraft and heard explosions, according to a report. A Jeju Air flight skidded off a runway at Muan International Airport in the town of Muan, roughly 190 miles south of Seoul, and collided with a … Read more
The crash took place at around 9 a.m. Seoul time and marks the first fatal accident for low-cost carrier Jeju Air. Read More
A Jeju Air flight drove off the runway in South Korea and collided with a fence, leaving at least 23 passengers killed, the Yonhap news agency reported. The agency attributed the devastating crash to malfunctioning landing gear. Jeju Air, a low-cost airline in South Korea, was carrying 175 passengers and six crew members in the … Read more
SEOUL (Reuters) -At least 28 people were dead on Sunday after an airliner went off the runway and crashed at South Korea’s Muan International Airport, Yonhap news agency reported. The accident occurred as the Jeju Air plane, carrying 175 passengers and six crew on a flight from Thailand, was landing at the airport in the … Read more
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images South Korea’s lawmakers on Friday unexpectedly voted to impeach acting President Han Duck-soo, in … Read more
A new report shows that more than 30% of the South Korean population holds crypto, with investors now holding over 100 trillion won in assets. South Korea‘s crypto market is rapidly booming as the number of investors reached 15.59 million by the end of November, Yonhap News Agency reports, citing data shared by Democratic Party … Read more
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