The government has extended the fuel tax cut to the end of June as oil prices fluctuate with escalating tension in the Middle East.
Hydrogen car registration in Korea has outpaced charging infrastructure in most of the nation.
Finance Minister Choi Sang-mok said Monday the government will review an extension of the tax cut on fuel consumption in an effort to curb inflation and ease economic burdens on the people.
Korea will extend the tax cut on fuel consumption by another two months as geopolitical uncertainties in the Middle East impact global oil prices.
The government will extend the tax cut on fuel consumption for another two months amid uncertainties surrounding the war in the Middle East, according to the Finance Ministry on Tuesday.
Monday's launch is the third such test flight of a space vehicle, the development of which is being led by the Agency for Defense Development (ADD).
Despite rapid growth in the EV market, the world is still heavily reliant on nonrenewable energy. SK Gas CEO Yoon Byung-suk stresses the importance of a gradual move towards environmentally friendly power in an interview with the JoongAng Ilbo.
Korea and Britain agreed to strengthen their cooperation in the nuclear sector, including the construction of new power plants, the Industry Ministry said Tuesday.
Korea will extend the tax cut on fuel consumption throughout the end of the year amid concerns about inflationary pressure caused by the outbreak of the Israel-Hamas conflict in early October.
HD Korea Shipbuilding & Offshore Engineering (KSOE) will invest €45M in Estonian fuel cell parts supplier Elcogen, aiming to boost the development of large-capacity solid oxide fuel cell (SOFC) systems.
Korea JoongAng Daily Sitemap