Seoul, May 10 (IANS) South Korean low-cost carriers have cut 900 round-trip flights, and introduced unpaid leave and other emergency measures as the ongoing conflict in the Middle East has driven up fuel prices, industry officials said on Sunday.The flight cuts came as jet fuel prices surged following the U.S.-Iran conflict. As some airlines have yet to finalise their June schedules, the number of flight reductions is expected to increase further, according to the officials, reports Yonhap news …
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Seoul, March 26 (IANS) South Korea will significantly expand its temporary fuel tax cut in a bid to ease the financial burden on consumers amid the prolonged conflict in the Middle East, the finance ministry said on Thursday.Under the latest measures to support people’s livelihoods, the current tax cuts — 7 percent on gasoline and 10 percent on diesel — will be expanded to 15 percent and 25 percent, respectively, reports Yonhap news agency.The measure, which had been set to expire in April, wi…