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S. Korea to Extend Fuel Tax Cuts by 3 Months, Finance Chief Says

March 3, 2022, 11:13 PM

South Korea will extend fuel tax cuts by 3 months through end-July amid rising energy costs since after Russia’s invasion of Ukraine, Finance Minister Hong Nam-ki says in a meeting.

  • South Korea to extend zero import tariff on LNG by 3 months through end-July
  • South Korea’s inflation is facing more upward pressure; need to focus on blocking spread of inflationary expectations, Hong says
  • Related Story: South Korea’s Inflation Accelerates Ahead of Presidential Vote

To contact the reporter on this story:
Seyoon Kim in Seoul at skim7@bloomberg.net

To contact the editors responsible for this story:
Yusuke Miyazawa at ymiyazawa3@bloomberg.net ...