South Korean President Lee Jae-myung asked the public to conserve electricity, as rising fuel prices due to the war in Iran could lead to a shift to electricity, whose prices are relatively stable thanks to government-controlled tariffs. This comes after the president held an emergency meeting to discuss the implications of the war in Iran on Asia's fourth-largest economy, which is almost entirely dependent on energy imports.
South Korean President to Citizens: Save Electricity Due to War in Iran
Reuters|
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