The nation's largest flag carrier, Korean Air surged 9.2 percent after a report ranked the airline tenth worldwide in terms of ancillary revenue.
Shanghai 0.2% lower
China's benchmark index hoveed around 2,230 points in range-bound trade after notching up gains of 4.5 percent for the week ending Friday.
Financials led the declines with Pudong Development Bank lower by 3.5 percent and China Minsheng Banking down nearly 3 percent.
(Read more: Rush for China plays ill-timed: Goldman)
Airlines, a sector expected to benefit from Shanghai's free-trade zone, reversed last week's gains as investors booked profits. China Eastern Air tanked 5 percent while Air China and Hainan Airlines slumped over 3 percent each.
The index hit a three-month high at 2,270 points last Thursday.
India down 0.3%
India's benchmark index reversed gains to enter negative territory after hitting a one-and-a-half month high in early trade. Meanwhile, the rupee rallied over 1 percent to approach a one-month high of 62.45 per dollar.
— By CNBC.com's Nyshka Chandran. Follow her on Twitter @NyshkaCNBC