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Lee Urges Bold Measures to Cope with Concerns About Energy Situation, Including Emergency Economic Decree if Needed

Summary by The Korea Times
President Lee Jae Myung on Tuesday instructed senior officials to take bold measures to address concerns over the energy situation caused by the wa...

4 Articles

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The ‘emergency financial and economic decree power’ mentioned by President Lee Jae-myung at the Cabinet meeting on the 31st is a presidential authority stipulated in Article 76 of the Constitution. In the event of internal unrest, foreign exchange crisis, natural disasters, or other events that may cause a serious national crisis, the President may invoke ‘minimally necessary’ financial and economic measures or issue orders equivalent to the eff…

(Seoul = Yonhap News) Reporters Lim Hyung-seop and Hwang Yun-gi = On the 31st, regarding concerns over energy supply instability caused by the Middle East war, President Lee Jae-myung stated, "If necessary, emergency measures prescribed by the Constitution..."

·Korea (the Republic of)
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President Lee Jae-myung stated on the 31st regarding the response to the Middle East war, "In urgent cases, the emergency financial order stipulated by the Constitution may be utilized." During the 13th Cabinet meeting held at Che 청wadae this morning, President Lee said, "Each government ministry [regarding] its responsible items

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Naver broke the news in on Tuesday, March 31, 2026.
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