SOUTH Korea is removing tariffs on imported beef and a range of other imported food commodities, in a bid to control a sharp rise in inflation.
With the country’s inflation currently running at six percent – its highest level in two decades – the Korean Won dropping in value and the country’s stock market sharply down, Korean President Yoon Suk Yeol is taking strident action, delivered through emergency economic meetings held weekly.
The Korean government has zeroed-in on expanding support for lower-income households most vulnerable to rising consumer prices.
Since June 22, the…
