A post by @FirstSquawk on X.

South Korea will extend its temporary fuel tax reductions through the end of January, according to a First Squawk report. The extension keeps the existing cuts in place rather than letting them lapse at the current deadline, though the report did not specify the size of the reduction or the exact duration beyond January. The move is aimed at limiting the pass-through of energy costs to consumers and broader inflation. It matters for South Korean refiners and fuel retailers, whose margins depend on how the tax cut is shared between pump prices and company revenue. Watch for the finance ministry's formal announcement confirming the extension terms and any signal on whether the relief will be extended again.