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Ruling Party, Gov’t Agree to Tentatively Postpone Electricity, Gas Rate Hikes

Ruling Party, Gov’t Agree to Tentatively Postpone Electricity, Gas Rate Hikes

SEOUL, March 31 (Korea Bizwire) — The ruling People Power Party (PPP) and the government agreed to temporarily hold off raising electricity and gas bills but reaffirmed that rate hikes are “inevitable,” a ruling party lawmaker said Friday. The decision was made in a policy consultation meeting amid concerns that a hike in utility fees [...]