Here is a quick summary of the news you should know this morning.
Let's take a look at the essential news.
Our first piece of essential news today is about airfare discounts.
Fuel surcharges for international flights will be lowered once again next month.
If you have summer vacation plans, this will be welcome news.
Korean Air will further reduce international airfares starting next month.
For short-haul routes, such as from Incheon to Fukuoka, Japan, a round-trip surcharge of 70,400 won will be applied, while long-haul routes, such as from Incheon to New York, USA, will see a round-trip surcharge of 518,400 won.
Compared to this month, this is a reduction ranging from 22,400 won to nearly 170,000 won, and it is about half the level seen in May, when prices were at their peak.
This is due to the 16% drop in Singapore jet fuel prices compared to the previous period.
However, the situation between the United States and Iran has been tense lately.
As international oil prices have jumped from the 70-dollar range to the 80-dollar range per barrel within just one week, it remains to be seen whether this downward trend in airfares will continue.
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