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 9 (IANS) South Korean companies are seeking responsive measures to cope with soaring international oil prices as turmoil in the Middle East continues, industry sources said on Monday, while the government called for efforts to stabilise domestic fuel prices.Major companies here, including Samsung Electronics Co., SK Group, Hyundai Motor and Hanwha Group, have held emergency meetings over the past few days to monitor the volatility in the global energy market and come up with ways to…