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flag South Korean president Lee Jae Myung urges energy conservation and bans price gouging amid Middle East conflict.

flag South Korean President Lee Jae Myung urged citizens to conserve energy amid global market disruptions caused by the Middle East conflict, while pledging not to raise electricity prices for now. flag He warned fuel stations against price gouging and hoarding, vowing strict enforcement. flag The government plans to maintain current rates despite rising losses for state-owned Korea Electric Power Corp., which carries about 206 trillion won in debt, and is preparing a supplementary budget to address potential economic fallout.

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