Post #5815

🇰🇷Seoul Weighs Public Driving Curbs Amid Oil Surge South Korea's Finance Minister Koo Yun-cheol said the government could expand passenger car restrictions beyond public institutions if crude prices rise to $120–$130 a barrel, up from the current $100–$110 range. Supply strains linked to the U.S.-Israeli war with Iran have driven the increase. If extended to the general public, the measure would be South Korea's first nationwide driving curbs since the 1991 Gulf War, when a 10-day vehicle rotation system was imposed. The government last week already enforced a mandatory five-day rotation scheme for the public sector. The finance ministry said mandatory private-sector curbs remain undecided pending assessment of energy supply conditions and broader economic factors. South Korea imports around 70% of its crude oil from the Middle East, making it highly exposed to regional supply disruptions. Major conglomerates including Samsung Electronics and SK Group have urged employees to reduce private car use, and Energy Minister Kim Sung-whan said authorities are reviewing wider demand-management measures if the national crisis alert level rises further. #SouthKorea @asianomics