20000612 Entry #2

Korean new government is trying many different policies for poor people.One of the policy is to make market prices stable. Government posted 52 necessities of life stabilization policy. One of the important thingis to make a change in oil market. Especially enabling large marts tocompete in the oil market. Its strategies to lower the price of oilsfrom market competition of oil companies and large marts.This is pretty common in developed countries, but this is not so commonconcept to implement this strategy in Korea. Because no one knows ifthe large marts are actually going to enroll the oil market. The first reasonis that most international oil price is higher than national price.Second is that even though international price lower than national, it isstill too expensive if transportation is added. Third is that the governmentlowered the tariff to 1%, but it is not permanent. There will still bemany problems to consider before this policy.