South Korea Finance minister hints at expanding vehicle rotation system to private sector if oil prices further rise

SEOUL: South Korea Finance Minister Koo Yun-cheol said Sunday the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East. “If the situation worsens, we may have to raise […]