South Korean President Lee Jae Myung has directed senior officials to implement decisive actions to tackle energy issues stemming from the Middle East conflict. He mentioned the possibility of issuing an emergency economic decree if required during a Cabinet meeting. Lee emphasized the need for meticulous inspections and detailed emergency plans due to South Korea’s heavy reliance on energy supplies from the Middle East.
Lee urged relevant ministries to stay vigilant and take proactive steps to alleviate worries about potential energy supply disruptions. He highlighted the importance of managing critical raw materials like urea solution, helium, and aluminum at levels equivalent to wartime supplies. Additionally, he noted that an emergency economic decree could be enforced under the Constitution if deemed necessary.
Under Article 76 of the Constitution, the president can issue orders with the force of law in times of severe financial crises, natural disasters, or internal unrest without waiting for National Assembly approval. Lee’s statements underscore his readiness to implement bold measures, as such emergency economic orders have been rarely utilized in recent history.
Addressing concerns over a recent shortage of standard plastic garbage bags, Lee assured that inventories are adequate despite public apprehensions amid soaring polyethylene prices. He emphasized that the country possesses ample inventory and raw materials to meet demands. In South Korea, only approved garbage bags from public institutions can be used for household waste disposal under the volume-based garbage disposal system.
Lee also highlighted the possibility of revising laws if required, urging officials not to overlook issues due to legal constraints. He emphasized the importance of promptly escalating obstacles to the Cabinet or the presidential office for resolution, even suggesting the enactment of emergency legislation if necessary.
