09:15 AM EST, 12/30/2024 (MT Newswires) -- (Updates to remove the Market Chatter tag, cite multiple media reports in the first and second paragraph, and add the recent stock move to the headline and first paragraph.)

Boeing ( BA ) shares were down 3.1% in recent Monday premarket activity after multiple media reports that South Korea's transport ministry will inspect Boeing ( BA ) planes operated by all airlines in the country following the crash of one of the plane maker's 737-800 aircraft.

News outlets reported over the weekend that a Jeju Air Boeing 737-800 crashed Sunday at Muan International Airport, killing 179 people on board.

"As soon as the accident recovery is conducted, the transport ministry is requested to conduct an emergency safety inspection of the entire aircraft operation system to prevent recurrence of aircraft accidents," acting President Choi Sang-mok said, according to media reports.

Boeing ( BA ) did not immediately respond to a request for comment from MT Newswires.