Koo Yoon-cheol: "Major Public Utility Rates, Including Electricity and Gas, to Be Frozen in Second Half"

Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol announced that major public utility rates, including electricity and gas, will be frozen for the second half of the year.
Regarding the 7th petroleum price ceiling, which is scheduled to be announced today (June 26), he stated that the price would be lowered from the current level and that the system would be maintained until consumer prices for petroleum products stabilize.
Deputy Prime Minister Koo presided over the Emergency Economic Headquarters Meeting, the Meeting of Economic Ministers, and the Task Force meeting for the special management of public livelihood prices at the Government Complex Seoul, where he presented these measures.
"The government is putting its full efforts into stabilizing and recovering the public livelihood economy, while also preparing in earnest for economic normalization and a leap forward following the Middle East war," Koo said. "We will closely monitor the Middle East war and our economic situation to adjust our emergency response measures in phases."
He further emphasized, "We will do our utmost to keep consumer inflation within 3 percent in the second half of the year by mobilizing all available resources, including injecting 1 trillion won in fiscal funds to support small business owners affected by high oil prices."
To stabilize egg prices, he explained that the government would increase imports of fresh eggs by more than six times, bringing in an additional 200 million eggs.
Next month, the government plans to dispatch a special delegation to Norway to directly import 2,000 tons of Norwegian mackerel and supply them at a low price.
The government also announced that it would directly purchase domestic mackerel intended for export and provide it to consumers at half the price.
(Photo: Yonhap News)
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※ Please note: This article was translated by AI and may contain errors.