Macro Finance
South Korea Keeps Fuel Cheap for Holidays as Fiscal Cost Mounts
Bloomberg Markets·September 22, 2026·1 min read
South Korea is extending fuel-price caps through the three-day public holiday this week as global oil prices exceed $100 a barrel. The government aims to cushion households from the energy shock, though the fiscal cost of the subsidies continues to mount. Millions of South Koreans are expected to travel during the holiday period.
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