Seoul, March 29 (IANS) Finance Minister Koo Yun-cheol said on Sunday that the government could expand a mandatory five-day vehicle rotation system to the private sector if global oil prices rise to US$120-130 per barrel as part of nationwide energy-saving efforts amid an escalating conflict in the Middle East.”If the situation worsens, we may have to raise the national resource crisis alert to Level 3,” Koo told a KBS television interview. “In that case, we would extend the vehicle rotation syst…
Latest National Resource Crisis News & Updates
Seoul, March 24 (IANS) The South Korean government will strictly enforce a mandatory five-day vehicle rotation system for the public sector to respond to possible oil supply disruption amid persisting tensions in the Middle East while implementing additional energy-saving measures, the climate ministry said Tuesday. Starting Wednesday, the government will beef up monitoring of the public sector’s compliance with the license plate-based rationing system, under which cars are divided into five gro…
Seoul, March 24 (IANS) The government will strictly enforce a mandatory five-day vehicle restriction system for the public sector to respond to possible oil supply disruption amid persisting tensions in the Middle East while implementing additional energy-saving measures, the climate ministry said on Tuesday.Starting Wednesday, the government will beef up monitoring of the public sector’s compliance with the five-day driving restriction system, under which cars are divided into five groups based…