South Korea to double energy vouchers amid soaring bills, cold wave

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South Korea to double energy vouchers amid soaring bills, cold wave
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Monthly gas bills were up 34% last month from a year ago, according to Statistics Korea. Read more at straitstimes.com.

SEOUL - South Korea plans to double energy vouchers and a discount of gas prices for underprivileged families to cope with spiralling heating bills amid a prolonged cold wave, officials said on Thursday.

Many South Korean households began to feel the impact in recent weeks after turning up the heat amid a cold spell.Choi Sang-mok, South Korea’s top presidential economic secretary, said the increase in bills is inevitable, citing a near ten-fold growth in global natural gas prices since 2021.The measures would benefit almost 1.2 million families receiving energy vouchers and around 1.6 million homes eligible for the gas discount this winter, in a country of 21.6 million households, Mr Choi said.

Many South Koreans expressed concerns over additional hikes in energy bills as freezing winter weather continues.

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