US EditionSouth Korea eyes alternative sources of oil, emergency measures amid rising Middle East tensions
6 Articles
6 Articles
(Seoul = Yonhap News) Reporters Lim Hyung-seop and Hwang Yun-gi = On the 17th, regarding the escalating tensions in the Middle East triggered by the U.S. attack on Iran, President Lee Jae-myung stated, "On the premise of a prolonged situation..."
President Lee urged efforts for the swift execution of the war supplementary budget; at the Cabinet meeting, the National Assembly must also strive for a quick review. Income support cannot be omitted from the supplementary budget, so it will be implemented more extensively in regional areas. Energy measures, such as the five-day vehicle restriction system, will be established, and export controls will be reviewed if necessary. Assuming the situ…
[Digital Daily Reporter Kim Nam-gyu] President Lee Jae-myung ordered the swift formulation of energy demand reduction measures, such as the five-day and ten-day vehicle restriction systems, and the so-called "war supplementary budget" in preparation for the prolonged crisis in the Middle East. At a Cabinet meeting held at the Government Complex Sejong on the 17th, President Lee stated, "If the current situation persists, oil prices, which had t…
South Korean president Lee Jae-myung has asked to prepare measures for the "worst possible scenario" in the face of potential energy supply problems arising from the conflict in the Middle East. "We must prepare countermeasures that contemplate even the worst possible scenario, assuming the situation is prolonged," Lee said at a Cabinet meeting, held in the administrative city of Sejong, about 120 kilometers south of Seoul. The president also ur…
President Lee: “Rapidly formulate ‘war supplementary budget’ on the premise of prolonged Middle East situation… Establish demand reduction measures such as five-day vehicle restriction”
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