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Korea imposes fuel price ceiling after 29 years

The South Korean government has set the first price ceiling for gasoline at 1,724 won per liter as it moves to curb surging oil prices by introducing a petroleum price cap for the first time in 29 years.According to the Ministry of Trade, Industry and Energy, the “maximum price system for petroleum products” will take effect at midnight on March 13, limiting..

Output and consumption rise in June, but investment falls for fourth month
South Korea’s industrial output and consumption rebounded in June on the back of stronger auto and semiconductor production and higher sales of clothing an..

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