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- Koreas top economic policymaker voiced discontent Friday with the decision by the Seoul government to raise public transportation fares, saying it could drive up overall inflationary pressure in Asias fourth-largest economy.The Seoul government said Thursday it will raise public transportation fares by 150 won ($0.13) later this month to make up for rising deficits from energy costs and transfer discounts.We are deeply disappointed with the decision, which came despite our repeated expression of different opinions, Finance Minister Bahk Jae-wan told a price stabilization meeting in central Seoul. Finance Minister Bahk Jae-wan (second from left) speaks at a meeting of government officials to curb inflation at the government office in Gwacheon, south of Seoul, on Friday. Lee Sang-sub/The Ko...
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