South Korea takes more steps to cut living costs

SEOUL – South Korea unveiled on Friday measures valued at some 810 billion won ($624.84 million) to help ease people’s living costs, including removal of tariffs on some food imports and increased welfare support for low-income earners.

The finance ministry released the measures after a meeting of senior officials presided by President Yoon Suk-yeol as the country’s inflation last month hit the highest since the Asian financial crisis more than two decades ago.

($1 = 1,296.3400 won)

(Reporting by Choonsik Yoo; Editing by Muralikumar Anantharaman)