South Korea's exports grew at a faster pace in December, beating market expectations, and ended the year with a record performance, trade data showed on Wednesday, though risks loom in the year ahead.
CEO Kim Yi-bae says the airline will reduce winter traffic by between 10-15%, but stresses this is not an admission that it was running too many planes.
All 181 passengers and crew aboard a passenger jet that crashed upon landing in South Korea on Sunday morning are presumed dead except for two people rescued from the wreckage, authorities said.
A South Korean court gave authorities approval on Tuesday to detain impeached President Yoon Suk Yeol in a criminal investigation into his martial law decree, marking the first time that a sitting president of the country has faced arrest.
The police are investigating whether President Yoon Suk Yeol tried to lead an insurrection when he declared martial law and plunged the country into crisis.
A Jeju Air flight drove off the runway in South Korea and collided with a fence, leaving dozens of passengers dead, the Yonhap News Agency reported.
South Korea’s exports maintained growth momentum in December as demand from China increased while semiconductor sales stayed resilient.
South Korean officials are struggling to determine what caused a deadly plane crash that killed nearly 180 people on board, with the nation saddened, shocked and ashamed over the country’s worst aviation disaster in decades.
By Joyce Lee SEOUL (Reuters) -South Korea's leadership crisis will play out in the Constitutional Court, which will decide the fates of President Yoon Suk Yeol and Prime Minister Han Duck-soo, both impeached and suspended from power over a short-lived martial law.
The Jeju Air jetliner was carrying 175 passengers and six crew when it crash-landed at Muan International Airport just after 9 a.m. local time Sunday.
South Korea's Transportation Minister Park Sang-woo said 174 victims of the 179 people killed in a plane crash have been identified, while 5 are still waiting to be identified as of Tuesday morning.