South Korean President Lee Jae Myung emphasized the need to stabilize food and daily necessities prices by monitoring unfair trade practices and addressing distribution structural issues. He highlighted concerns about prices and weak sales during a meeting with senior aides after visiting a traditional market in Chungju. Lee instructed an interagency task force to take short-term measures to stabilize prices and monitor unfair practices like price rigging.
He also mentioned cases of companies reselling import goods at inflated prices and called for action against such practices. Lee further directed a review of school uniform prices, aiming to assess their appropriateness as the back-to-school season approaches. The President urged the mobilization of all available measures to prevent price hikes due to monopolistic power abuse.
Lee stressed the importance of correcting practices that lead to high prices for the public, emphasizing the impact of unstable daily necessities prices on people’s lives. He proposed the creation of a task force to oversee prices intensively, particularly focusing on distribution costs of agricultural goods. Prosecutors initiated a price-fixing investigation following Lee’s directive to address the rising prices of everyday goods.
