Lee orders ‘preemptive emergency response’ over Middle East shockwaves

President Lee Jae Myung on Tuesday ordered a preemptive government-wide emergency response to the Middle East crisis, renewing his call for a supplementary budget to cushion economic fallout. Lee’s remarks came as the South Korean government mounted efforts to mitigate the energy supply shock through demand-curbing measures, government-led price stabilization and greater reliance on coal and nuclear power. “With the expansion and prolongation of the Middle East war, instability in the supply and

By The Korea Herald