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Lee calls for greater transparency on key supply chains amid Middle East tensions
2 Articles
2 Articles
Lee calls for greater transparency on key supply chains amid Middle East tensions
President Lee Jae Myung on Wednesday called on the government to transparently disclose supply and demand conditions for major items to the public to prevent unnecessary confusion in the market, as the conflict involving Iran fuels concerns over supplies of fuel and key materials. Lee raised concerns about market confusion driven by fake news and rumors, amid reports of hoarding of standard plastic garbage bags amid a sharp rise in polyethylene …
On the 1st, President Lee Jae-myung addressed the energy supply situation resulting from the Middle East war, stating, "Even if there are no issues with the national total, some local governments may face difficulties in supply," and ordered the establishment of a system to adjust surpluses and shortages for each local government. He also remarked, "Even if City A is short, it can borrow from City B." This implies that while the instability in n…
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