Korea Securities Depository Implements Odd-Even Vehicle Restriction Amid Oil Price Surge

Existing Every-Fifth-Day Restriction Expanded to Odd-Even System

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By Yoon Min-hyuk
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null - Seoul Economic Daily Finance News from South Korea

Korea Securities Depository (KSD) announced that it will implement an odd-even vehicle restriction system starting April 8, as the national resource security crisis alert was elevated to Level 3, or "caution" stage.

KSD has been operating an every-fifth-day vehicle restriction since March 25. "This is part of our efforts to actively participate in government policy to raise the level of energy demand management," a KSD official said. "We will continue to practice various energy-saving measures in line with government initiatives, including turning off office lights during lunch hours and maintaining appropriate indoor temperatures for heating and cooling."

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.