August 17, 2018 / 12:48 AM / a month ago

South Korea's Jin Air shares surge ahead of government's decision on license

SEOUL, Aug 17 (Reuters) - South Korean budget carrier Jin Air’s shares rose as much as 8.9 percent on Friday morning ahead of the government’s scheduled announcement of its decision on whether or not to revoke its aviation business license.

South Korea’s transport ministry is set to deliver its decision at 10.00 a.m. Korean time on Friday.

Reporting by Heekyong Yang; Editing by Edwina Gibbs

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