Seoul: President Lee Jae Myung on Tuesday instructed senior officials to take bold measures to address concerns over the energy situation caused by the war in the Middle East, saying the government may issue an emergency economic decree if necessary. "South Korea, which is highly dependent on external markets and relies heavily on energy supplies from the Middle East, requires more thorough inspections and detailed emergency measures," Lee said during a Cabinet meeting.

According to Yonhap News Agency, Lee urged all relevant ministries to closely monitor the situation and take "preemptive and bold action" to ease concerns over potential disruptions of energy supply. He emphasized that South Korea's reliance on Middle Eastern energy necessitates an immediate and robust response strategy.

Lee also highlighted that, under the Constitution, an emergency economic decree could be issued if needed. This move would enable the government to implement swift and decisive actions to mitigate any adverse effects on the country's energy security. The President's call to action reflects the urgent need for preparedness in light of the ongoing geopolitical tensions.