Table 1.

Currently operational LCCs and FSCs in South Korea.

Airline	Type of Airline	Year of Operation	LCC Ownership	Average market share 2010–2017
Korean Air	FSC	1962		29.90
Asiana Air	FSC	1988		19.95
Jeju Air	LCC	2006	Independent	13.20
Hansung Air	LCC	2005–2009	Independent
Air Busan	LCC	2008	FSC-owned	11.31
Jin Air	LCC	2008	FSC-owned	9.64
Easter Jet	LCC	2009	Independent	8.15
T'Ways	LCC	2010	Independent	7.79
Air Seoul	LCC	2016	FSC-owned	0.05