News from here last week: South Korea is to temporarily cut fuel taxes

Further details coming now, start date is November 12 (info via Yonhap - South Korea media)

  • ADDED - cut by 20% for 6 months

Finance Minister Hong Nam-ki:

  • "The price growth pressure has been getting bigger recently,"
  • "In our case, we are still lower than advanced countries, but since it is directly related to people's lives, we cannot neglect the issue at any time."