Aju Business Daily

South Korean budget carrier Jeju Air will go public on the country’s main bourse early next year, industry sources said Monday.

Aekyung Group, the largest shareholder of the low-cost airline, has selected Woori Investment and Securities Co. as the preferred bidder to manage its stock listing scheduled for March next year, the sources said. 

Aekyung has a 81.7 percent stake in the budget carrier based in Jeju City on the southern resort island of Jeju, while the Jeju provincial government takes a 4.54 percent stake.