(LEAD) Industry minister says fuel price cap system already showing price stabilization effect

AI Summary

South Korea's Industry Minister Kim Jung-kwan stated that the government's fuel price cap system is already demonstrating a stabilizing effect on consumer energy prices. The policy intervention aims to shield households and businesses from volatile fuel costs. The announcement signals continued government intervention in the energy retail market.

SEOUL, March 13 (Yonhap) -- Industry Minister Kim Jung-kwan said Friday the gove...