South Korean President Lee Jae-myung made several policy statements, including seeking alternative sources of crude oil and implementing fuel price caps.

Gate News: On March 9, South Korean President Lee Jae-myung issued multiple policy statements. Lee Jae-myung stated that he will quickly seek alternative crude oil sources outside the Strait of Hormuz; will promptly implement fuel price caps; has ordered active responses to the increasing volatility in financial and foreign exchange markets; and if necessary, will expand the 1,000 trillion won market plan.

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