Refiners On Edge as Talks Underway for Introduction of Windfall Profit Tax

SEOUL, June 27 (Korea Bizwire) — South Korean oil refiners are enjoying a boom time amid sky-high oil prices. Against this backdrop, the political community is now in talks to limit profits by introducing a so-called windfall profits tax. Rep. Park Hong-keun, floor leader of the main opposition Democratic Party (DP), said that he would [...]