"The NOTAM notice will restrict any entry of Boeing 737 MAX aircraft in Korean airspace until further notice from the aviation authorities," the ministry said, as quoted by South Korean news agency Yonhap.
READ MORE: Pilots Filed Complaints About Boeing 737 MAX MONTHS Before Ethiopia Crash
South Korea joins over 50 other nations in placing restrictions on the Boeing 737 MAX 8 and MAX 9 carriers after a plane of that model crashed in Ethiopia on Sunday killing all 157 people on board. Although unconfirmed, media reports have raised questions of whether Sunday's tragic accident was similar to another 737 MAX plane crash in October in Indonesia, killing all 189 people on board.
Meanwhile, Boeing's stock prices, one of the United States' largest exporters, have plummeted over 10 percent since the crash in Ethiopia and the company is facing major international criticism over the supposed technical unreliability of the 737 MAX carriers.