South Korea enters emergency mode as Middle East crisis bites - The Straits Times

South Korea enters emergency mode as Middle East crisis bites  The Straits Times

Korea Inc. curbs vehicle, power use on oil spike

South Korea’s largest conglomerates are introducing new energy-saving measures in line with government policy, as a surge in oil prices triggered by the Middle East conflict increases pressure on Asia’s fourth-largest economy. Samsung, SK Group and other major firms said Wednesday they will curb energy use across domestic operations, tightening electricity consumption and restricting vehicle use at worksites. Samsung will expand its “10-day rotation” vehicle restriction system to all domestic fa

By The Korea Herald