November 09, 2015 10:40
Jeju Air, owned by the Aekyung Group, has become the first Korean budget carrier to be listed on the stock exchange.
Shares of Jeju Air became available when it was listed Friday and closed at W48,100, up 60.3 percent compared to its initial public offering price of W30,000 (US$1=W1,143).
That means the plucky outsider has overtaken flag carrier Asiana Airlines in terms of market capitalization.
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