"Boeing Stock Plunges 5.9% After South Korea Announces Inspections of 737-800 Aircraft Following Deadly Crash"

Shares of Boeing (NYSE: BA) fell by 5.9% after South Korea announced plans to inspect all Boeing 737-800 aircraft. This decision follows the recent Jeju Air Boeing 737-800 crash in South Korea, which claimed 179 lives, marking it as the deadliest aviation disaster of 2024. Concerns about the South Korean government's ability to effectively manage the aftermath are heightened amidst a leadership vacuum caused by recent impeachments. The situation has intensified scrutiny over Boeing's aircraft safety and has placed the company's stock under pressure. South Korea's inspections aim to ensure the airworthiness and safety of the aircraft model following the tragic incident.