On Sunday morning, the commercial plane skidded off the runway, crashed into a wall and burst into flames while landing at Muan International Airport – killing all but two of its 181 passengers.

South Korean officials will conduct safety inspections of all Boeing 737-800 aircraft operated by the country's airlines after a deadly Jeju Air crash.

Accident investigators are trying to find the cause of a Jeju Air fatal crash landing that killed 179 of the 181 on board the flight.

Shares of Boeing fell in early trading on Monday, one day after a Boeing model 737-800 was involved in the Jeju Air plane crash in South Korea that killed scores of passengers. The slide came hours after South Korea's transportation ministry announced it would investigate the crash and conduct a full inspection of all Boeing 737-800 aircraft in use in South Korea.

Joo Jong-wan, the deputy transport minister for civil aviation, acknowledged that safety measures were not sufficient when building the embankment, but said they were done in line

South Korea's government said on Monday it will extend the shutdown of Muan International Airport by a week to Jan. 14, citing the ongoing investigation into the crash of a Jeju Air jet that killed 179 passengers on board.

South Korea's rival parties agreed Tuesday to form a joint task force to probe the recent Jeju Air plane crash that left 179 people dead, as the transport minister offered to resign over the tragedy.

The ruling People Power Party (PPP) and the main opposition Democratic Party formed a parliamentary task force Tuesday to investigate the fatal Jeju Air plane crash that killed 179 people.