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2026-03-10 17:03:26 South Korean Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, announced that the local government will implement a maximum price mechanism for oil products within this week, marking the first government intervention in market prices since the oil price liberalization measures were implemented in 1997, according to South Korean media. Although specific measures were not disclosed, imposing a supply price cap on refiners is considered the most likely implementation option, the report added. Furthermore, the local government also planned to review fuel tax reductions and direct support measures as international oil prices continue to rise. ~ AASTOCKS Financial News Website: www.aastocks.com | |