[Breaking News] Maximum price system for oil to be implemented from the 13th... Timing for removal is undecided
The South Korean government will implement a maximum price system for oil products starting from the 13th to control rising oil prices amidst tensions between the U.S. and Iran.
Maximum Price System Implemented on the 13th: Short-term Price Stabilization Effect... Long-term Supplementary Measures Needed
The implementation of a maximum price system for oil products in South Korea aims to stabilize short-term prices but raises concerns about long-term economic distortions and funding burdens due to ongoing geopolitical tensions.
Koo Yoon-cheol: If the maximum price system is implemented, oil prices will be at the level of 1,800 won
The South Korean government plans to implement a maximum price system for oil, which could reduce consumer prices to around 1,800 won per liter.
Goo Yoon-cheol: The maximum price system will be adjusted by the supply price of refiners... Review of abolition at the level of 1800 won
The South Korean government plans to implement a maximum price system for oil products by controlling the supply prices of refiners, intending to maintain the system until oil prices drop to pre-war levels around 1800 won.
President Yoon: Additional financial and fiscal support including a maximum oil price system will be expedited
President Yoon emphasized the need for swift government actions to mitigate the impact of external shocks on the domestic economy, particularly regarding rising oil prices and their effects on livelihoods.
Oil prices surpass 100 dollars; maximum price system to be implemented this week... government takes bold action
The South Korean government is set to implement a maximum price system for oil amid soaring domestic prices due to the prolonged US-Iran conflict.
President Yoon: 'Rapidly Implement the Maximum Price System for Oil... Considering the Worst Middle East Situation'
President Yoon has called for immediate measures to address the economic burden from the Middle East crisis, including the implementation of a maximum price system for oil products and a market stability program of up to 100 trillion won.