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South Korean president Lee Jae Myung urges energy conservation and bans price gouging amid Middle East conflict.
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.
He warned fuel stations against price gouging and hoarding, vowing strict enforcement.
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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El presidente surcoreano Lee Jae Myung insta a la conservación de la energía y prohíbe el aumento de precios en medio del conflicto de Oriente Medio.