Korea

The impact of the additional budget is uncertain during the Middle East crisis – Korea Times

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The containers were loaded into the port of Pyeongtaek, Gyeonggi Province, on March 12. Yonhap

The containers were loaded into the port of Pyeongtaek, Gyeonggi Province, on March 12. Yonhap Rising energy prices and a series of downward revisions to Korea’s growth outlook are raising questions about whether the government’s proposed additional budget of 25 trillion ($16.5 billion) will prevent a recession from the Middle East crisis. Analysts said on … Read more

Finance chief hints at rolling ban on private cars if oil hits $120 – The Korea Times

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Finance Minister Koo Yun-cheol, center, speaks during a joint meeting of relevant ministries on emergency economic response measures to the Middle East conflict at the Government Complex in Seoul, Thursday. Yonhap

Finance Minister Koo Yun-cheol, center, speaks during a joint meeting of relevant ministries on emergency economic response measures to the Middle East conflict at the Government Complex in Seoul, Thursday. Yonhap The Korean government may extend its five-day mandatory ban on vehicle operations to include private vehicles if global oil prices rise above $120 a … Read more