The incident came a month after the deadliest air disaster on South Korean soil when a Jeju Air plane crashed on Muan Airport's runway as it made an emergency belly landing, killing all but two of the 181 people on board.

South Korean officials are launching an investigation into the cause of the fire that engulfed an Air Busan passenger plane, with eyewitness accounts suggesting a power bank may have sparked the blaze.

Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week. Air Busan shares traded down 3.8% as of 0018 GMT, after falling as much as 6.1% to 2,

A passenger plane has caught fire before takeoff at an airport in South Korea, but all 176 people on board have been safely evacuated.

An Airbus plane has caught fire at an airport of South Korea's city of Busan, forcing the evacuation of all 176 people on board, fire authorities say. They say four people were injured as they were escaping the Air Busan aircraft on inflatable slides in the south-eastern airport on Tuesday evening.

Passengers evacuated from an Air Busan plane that was engulfed in flames this week at a South Korean airport will have their checked baggage returned to them, after authorities on Friday deemed the jet safe for a full investigation.