Gov't, ruling party to announce plan to reduce car insurance premium after curbs on public vehicles
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The ruling Democratic Party of Korea (DPK) and the government agreed Monday to announce a plan next week to reduce car insurance premiums as an odd-even rule for public vehicles has been implemented to curb demand from rising oil prices from the war in the Middle East. The DPK's special committee on the Middle East crisis proposed the measure as the government has restricted the use of passenger cars by public institutions. "The Financial Services Commission and insurance authorities are closely
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