Market
What changes will occur in the leadership of Korea Airports Corporation by the end of 2025?
2
South Korea•Muan International Airport•Jeju Air crash•Muan•Jeju International Airport•Korea Airports Corporation•Muan airport
Resolution / Starting Odds
New permanent CEO appointed • 25%
Interim CEO continues • 25%
Board restructuring • 25%
No changes • 25%
Official announcements from Korea Airports Corporation or media reports
Story
South Korea to Remove Concrete Embankment at Muan Airport After Crash Killing 179, Reforms at 7 Airports
Jan 22, 2025, 08:08 AM
South Korea's transport ministry has announced plans to remove a concrete embankment at Muan International Airport, following last month's Jeju Air crash, the country's deadliest domestic air disaster. The crash, which occurred on December 29, resulted in the deaths of 179 people, with only two crew members surviving. The concrete structure, which supported navigation antennas at the end of the runway, is believed to have contributed to the severity of the disaster. In response, the ministry will implement reforms at seven airports, including Muan and Jeju International Airport, by either installing new foundations for similar antennas below ground level or making them easy to break. Additionally, the ministry aims to ensure a 240-meter runway safety area at all airports to comply with safety regulations. Separately, Son Chang-wan, the former president of Korea Airports Corporation who oversaw the renovation of the structure at Muan airport, was found dead at his home on January 21, in what appears to be a suicide.
View original story
Similar markets
Other senior management changes • 25%
Board restructuring • 25%
CEO replaced • 25%
No changes • 25%
Board changes • 25%
CEO resignation • 25%
Other executive changes • 25%
No changes • 25%
Minor adjustments • 25%
Major reforms implemented • 25%
No changes • 25%
Other outcomes • 25%
Current leader remains • 25%
Other outcome • 25%
Temporary leadership • 25%
New leader elected • 25%
No • 50%
Yes • 50%
Aircraft maintenance protocols • 25%
Other • 25%
Pilot training enhancements • 25%
Runway safety improvements • 25%
No changes • 25%
Significant safety protocol changes • 25%
Inspection not completed • 25%
Minor safety protocol changes • 25%
Yoon remains in power • 25%
Interim government established • 25%
Other resolution • 25%
New elections held • 25%
Neither Replaced • 25%
Cho Ji-ho Replaced • 25%
Kim Bong-sik Replaced • 25%
Both Replaced • 25%
New Acting President • 25%
New President Elected • 25%
Other Outcome • 25%
Yoon Remains President • 25%
No evidence found • 25%
Evidence found against Jeju Air • 25%
Evidence found against airport operator • 25%
Other • 25%