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Finanace

President calls for public solidarity against rising energy risks

President Lee Jae Myung called for active participation from the public in the government-led campaign to overcome the energy crisis during an emergency meeting, Thursday, to review the impact of the escalating Middle East conflict on the Korean economy. “This crisis is not confined to a single country … While there is no immediate solution to turn the situation around, it is precisely at times like this that we need solidarity — pooling our wisdom and sharing the burdens — more than ever,” Lee said. The president listed out energy-saving measures taken by the government, such as a five-day driving rotation system and a price cap on refined petroleum products. “A crisis is a true test that reveals the government’s capabilities without any embellishment. At the same time, it is also an opportunity for the government to demonstrate its ability to turn a crisis into an opportunity,” he underlined. The meeting was held as the U.S.–Israel war on Iran has persisted for nearly a month, heightening risks to the international energy supply chain. According to officials from the r

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