Government policy
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Government to temporarily designate naphtha as economic security item
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South Korea's government will temporarily designate naphtha as an economic security item amid supply shortages from the Middle East crisis. Finance Minister Koo Yun-cheol announced measures like securing alternative imports and restricting exports. Petrochemical firms risk operational disruptions.
The government has given the Public Health Agency the mandate to introduce binding rules on the maximum allowed indoor temperature in homes for the elderly and disabled.
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The Council of Ministers has approved the regulatory bases for Plan Auto+ to subsidize purchases of electric and hybrid vehicles with up to 4,500 euros each.
June 22, 2026 17:05