Listen to this article
This is an experimental feature. Give us your feedback. Thank you for your feedback.
What do you think?
Shares in South Korean air carriers jumped on Friday after the government said domestic airlines will be allowed to pass higher fuel costs on to customers.
Shares in the national carrier, Korean Air, were 6 per cent higher, while Asiana Airlines was up 8.1 per cent and Jeju Air added 4.1 per cent.
The moves came after the Ministry of Land, Infrastructure and Transport said higher jet fuel prices meant that the fuel surcharges airlines can charge to customers will next month rise by up to 76 per cent, to Won36,000 ($32.80), on international routes.
The broader Kospi index in Seoul was up 0.8 per cent on Friday, having gained 1.4 per cent since Wednesday as a rise in technology stocks helped push the benchmark back toward record highs.