South Korea is “actively” considering extending its fuel tax cuts for another two months from end-October if global oil price rally continues, Finance Minister Choo Kyung-ho told reporters Thursday.
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S. Korea to Extend Fuel Tax Cut by 2 Months Through End-October - Separately, the Asian nation hasn’t made a decision on adjusting electricity rates: Choo
- It will make the decision after reviewing state-owned Korea Electric Power Corp.’s financial stability, as well as global energy prices
NOTE : Korea has been largely refrained from raising power prices amid concerns over inflation- Choo reiterated government will take appropriate market stabilization steps in ...
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