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South Korea extends fuel tax cut ahead of crucial parliamentary elections in April

December 14, 2023 Comments Off

South Korea will extend tax cuts on auto fuels by another two months through the end of February in an effort to curb inflation amid lingering global geopolitical risks despite recent declines in international crude oil prices, Economy and Finance Minister Choo Kyung-ho said Dec. 12. South Korea “is still facing multiple unstable factors, such as the Middle East circumstances…