billion to help the country’s lower-income households cope with the impact of soaring oil prices. Prime Minister Han Seung-soo has announced that the government plans to reimburse low-income earners for part of their fuel purchases. The subsidy could benefit an estimated 12.8 million people. The government will use last year’s surplus tax revenues and projected…
SOUTH KOREA: Seoul to help poor cope with high cost of oil
Posted on June 23, 2008 by EnergyAsia