President Lee on Tuesday called on the government to pre-emptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the Iran war has dragged on and disruptions of global energy markets have continued.
The Bank of Korea (BOK) held a special task force meeting on Tuesday to assess the impact of the ongoing Middle East conflict on financial markets and discuss response measures against possible market volatility.
President Lee Jae Myung on Sunday assured the public that the government is preparing for “all possible scenarios” and has an emergency response system for tensions in the Middle East as he began a four-day trip to Singapore and the Philippines.
Seoul will reactivate its cold wave emergency response at 9 p.m. on Wednesday, a mere two days after it was lifted, the city announced earlier in the day.
The People Power Party (PPP) agreed Tuesday to find new interim leadership and stop a drift in the president's party.
Korea JoongAng Daily Sitemap
