SEOUL : South Korea will extend tax breaks on oil products for two more months until the end of February, the finance minister said on Tuesday.
Although oil prices fell recently, there are still uncertainties over the Middle East crisis and others, Minister Choo Kyung-ho said during a meeting with reporters.
Choo said inflation will likely be slower in December than in November. For the year, he said inflation is seen at 3.6 per cent, compared with the government’s projection of 3.3 per cent made in July.
To a question on easing rules on capital gains taxes for stock investors, Choo said the government is not considering it for now, but it is taking on board views from financial markets.
Source: CNA
