[Breaking] Lee Ok-yeon, Deputy Minister of Economy and Finance, "Public Utility Charges for Railways and Roads Frozen Until Year-End"
Lee Eokwon, 1st Vice Minister of Ministry of Economy and Finance, Chairs 29th Price-Related Vice Ministers' Meeting
"Except for Decided Public Utility Charges, Others Will Be Frozen in Principle"
Lee Eok-won, Vice Minister of Strategy and Finance, presides over the 29th Price-Related Vice Ministers' Meeting held at the Government Seoul Office in Gwanghwamun, Seoul, on the 29th, delivering opening remarks. (Photo by Ministry of Strategy and Finance)
View original image[Sejong=Asia Economy Reporter Moon Chaeseok] Lee Okwon, the 1st Vice Minister of the Ministry of Economy and Finance, held the 29th Vice Ministerial Meeting on Prices at the Government Seoul Office on the 29th and stated, "Except for public utility charges that have already been decided, the basic principle is to freeze the remaining public utility charges as much as possible until the end of the year."
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He added, "There have been no applications for fare increases for railroads and roads, and no prior consultation procedures related to increases have taken place. Local public utility charges such as gas (retail) are autonomous decisions of local governments, but we plan to actively consult and manage with local governments under the supervision of the Ministry of the Interior and Safety, with the principle of freezing them in the 4th quarter as much as possible."
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