South Korea May Expand Vehicle Rotation to Private Sector Amid Rising Oil Prices
South Korea's government is preparing to tighten energy conservation measures in response to rising global oil prices and the escalating conflict in the Middle East. Finance Minister Koo Yun-cheol stated the current five-day vehicle rotation system, which limits public vehicles’ operation days, could be expanded to include the private sector if oil prices hit $120-$130 per barrel. This system aims to curb fuel consumption nationwide. The current national resource crisis alert is at Level 2 but could be elevated to Level 3 if the oil price spike persists, forcing more stringent public cooperation. The expanded vehicle restrictions would affect millions... [Continue Reading]
360LiveNews | 29 Mar 2026 06:27
