financetom
Business
financetom
/
Business
/
South Korean transport minister plans to resign over country's worst air crash
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
South Korean transport minister plans to resign over country's worst air crash
Jan 7, 2025 1:03 AM

SEJONG, South Korea, Jan 7 (Reuters) - South Korea's

transport minister said on Tuesday he intends to step down to

take responsibility for the deadly crash of a Boeing ( BA ) jet

operated by Jeju Air on Dec. 29.

Jeju Air 7C2216, which departed the Thai capital of Bangkok

for Muan in southwestern South Korea, belly-landed and overshot

the regional airport's runway, exploding into flames after

hitting an embankment.

"I feel heavy responsibility for this disaster," Park

Sang-woo told a press briefing.

He said he will try to find the right timing to resign after

addressing the current situation.

The transport ministry also said it will swiftly improve the

safety of airport landing systems that experts said contributed

to the catastrophic accident that killed 179 people on board.

Air safety experts have said the embankment, designed to

prop up the "localizer" antenna used to guide landings in poor

visibility, was too rigid and too close to the end of the

runway.

Joo Jong-wan, the deputy transport minister for civil

aviation, acknowledged that safety measures were not sufficient

when building the embankment, but said they were done in line

with regulations in Korea and overseas.

The police are investigating how the embankment was

constructed, he added. The police last week raided Jeju Air and

the operator of Muan International Airport as part of their

investigation into the crash.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ocugen Advances OCU200 Trial After Safety Board Review
Ocugen Advances OCU200 Trial After Safety Board Review
Mar 18, 2025
08:30 AM EDT, 03/18/2025 (MT Newswires) -- Ocugen ( OCGN ) said Tuesday that an independent safety board reviewed data from the first dosing group in its phase 1 trial of OCU200 for diabetic macular edema and approved advancing to the second group. The company said the trial is testing OCU200, a fusion protein combining two human proteins, in patients...
Alphabet's Google Agrees to Acquire Wiz for $32 Billion
Alphabet's Google Agrees to Acquire Wiz for $32 Billion
Mar 18, 2025
08:37 AM EDT, 03/18/2025 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) said Tuesday it has signed a definitive agreement to acquire New York-based cloud security platform Wiz for $32 billion. Once the all-cash deal is closed, Wiz will join Google Cloud, the company said. ...
Actinium Pharmaceuticals Launches Clinical Program to Evaluate Actimab-A as Combination Cancer Therapy
Actinium Pharmaceuticals Launches Clinical Program to Evaluate Actimab-A as Combination Cancer Therapy
Mar 18, 2025
08:37 AM EDT, 03/18/2025 (MT Newswires) -- Actinium Pharmaceuticals ( ATNM ) said Tuesday it is launching a clinical program consisting of trials studying Actimab-A in combination with either Merck's ( MRK ) Keytruda or Bristol Myers Squibb's ( BMY ) Opdivo for the treatment of multiple solid tumors. Actimab-A is meant to improve the efficacy of the immunotherapies by...
Canada Nickel to Spin Out Net Smelter Returns on Certain Properties
Canada Nickel to Spin Out Net Smelter Returns on Certain Properties
Mar 18, 2025
08:35 AM EDT, 03/18/2025 (MT Newswires) -- Canada Nickel ( CNIKF ) on Tuesday said it created a new royalty company to hold net smelter return (NSR) royalties on most of its regional exploration properties in the Timmins Nickel district. The company signed a binding letter of intent with Edmiston Drive Capital (EDCC) to create the new company called RoyaltyCo....
Copyright 2023-2026 - www.financetom.com All Rights Reserved