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S.KOREA

Lee warns of crisis, says emergency fiscal powers could be used

Lee Jae-myung on March 31 warned of growing economic risks stemming from the worsening situation in the Middle East, stating that emergency fiscal powers could be invoked if necessary.Speaking at a Cabinet meeting, Lee said, “We must respond boldly without being constrained by existing practices,” adding, “If necessary, we can utilize constitutionally grante..

Lee orders fuel price ceiling to curb gouging
President Lee Jae-myung on March 5 ordered the implementation of a gasoline price ceiling to prevent excessive price hikes as global oil prices rise follow..

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