ROK extends market stabilization measures in response to high oil prices until end of 2026

The Public Procurement Service of the Republic of Korea (ROK) announced on Monday that it will extend until the end of the year its market stabilization measures for goods affected by high oil prices, the country’s Yonhap News Agency reported.

The measures, which are set to expire at the end of this month, are being extended due to the prolonged high oil price situation triggered by conflicts in the Middle East.The targeted goods include asphalt concrete, which is highly sensitive to oil prices, and metered garbage bags, which are closely related to people’s daily lives.In March, the Public Procurement Service rolled out the measures for the aforesaid goods.