In the Korean stock market, the shares of Korean Air and Jeju Air rose sharply. On the 22nd, Korean Air closed at KRW31,400, up 8.84% from the previous trading day, reflecting expectations that falling won‑dollar exchange rates would ease cost pressures for the airline industry. Jeju Air also finished its trading at KRW4,585, up 6.13%.
Meanwhile, Jin Air (JinAir) also rose 3.29% to close at KRW5,960. Airlines with such performance and merger prospects are seen as having long‑term growth potential through exchange fluctuations and improved cost structures.
This situation is expected to encourage investors to purchase airline stocks and increase market confidence in the industry's financial restructuring. The performance of airline stocks in the first half of 2023 can be seen as an indicator of trends and actual conditions.
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