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.

Shares of Air Busan dropped on Friday, after a plane belonging to the budget carrier caught fire earlier this week.

An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country’s south while preparing for departure to Hong Kong, fire authorities said.

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

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.

An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country's south while preparing for departure to Hong Kong, fire authorities said.

The first report on last month’s Jeju Air crash in South Korea has confirmed traces of bird strikes in the plane’s engines, though officials haven’t determined the cause of the accident that killed all but two of the 181 people on board.

An Airbus passenger plane traveling from Busan, South Korea, to Hong Kong caught fire before takeoff, forcing 176 people to evacuate using its inflatable slides, officials said on Tuesday evening.

All 176 people were evacuated from an Air Busan jet that caught on fire at a South Korean airport, with reports suggesting a battery could be the cause.