Boeing shares were lower Monday after South Korea announced it is launching an investigation following the deadly Jeju Air crash over the weekend that involved a Boeing jet.

On Sunday morning, the commercial plane skidded off the runway, crashed into a wall and burst into flames while landing at Muan International Airport – killing all but two of its 181 passengers.

The cause of Sunday’s crash remains under investigation but aviation experts were quick to distinguish the incident from the company’s earlier safety problems.

Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of passengers. The slide came hours after South Korea's transportation ministry announced it would investigate the crash and conduct a full inspection of all Boeing 737-800 aircraft in use in South Korea.

South Korean officials said Monday they will conduct safety inspections of all Boeing 737-800 aircraft operated by the country’s airlines, as they struggle to determine what caused a plane crash that killed 179 people a day earlier.

Despite safety improvements since 2014, December 2024 witnessed several fatal crashes, raising fresh concerns.

The flight data recorder of the Jeju Air Boeing 737-800 that crashed on 29 December 2024 has been dispatched to the USA

South Korea's transport minister resigned after the Jeju Air crash killed 179, citing responsibility. Investigations focus on embankment design, bird strike, and landing gear failure. Black box analysis is underway for crash details.

Park Sang-woo said "I feel heavy responsibility for this disaster," and that he will try to find the right time to resign from his post.

South Korea’s transport minister said on Tuesday he intends to step down to take responsibility for the deadly crash of a Boeing jet operated by Jeju Air on December 29. Jeju Air 7C2216, which departed the Thai capital of Bangkok for Muan in southwestern South Korea,

South Korea's ruling and opposition parties agreed on Tuesday to form a joint parliamentary task force to probe the recent Jeju Air plane crash that left 179 people dead. The opposition Democratic Party also confirmed to AFP Tuesday it has "agreed" to form a joint probe team with the PPP to look into the tragic case.