Gov’t Vows to Keep Prices Stable ahead of Chuseok

The government said Tuesday that it will take into consideration all factors that could send product prices soaring ahead of the Chuseok holidays. 

Vice Finance Minister Lim Jong-ryong and other related vice ministers say they have monitored changes in product prices and have discussed measures to keep product prices stable ahead of the Korean thanksgiving holiday season. 

Lim said the government will proactively tackle factors that could cause product prices to rise, such as higher international raw material prices and local governments’ moves to raise public service fees. 

The government will unveil early next month a set of comprehensive measures to prevent surges in product prices.