The Korea Times
President Lee Jae Myung on Wednesday called on the government to transparently disclose supply and demand conditions for major items to the public to prevent unnecessary confusion in the market, as the conflict involving Iran fuels concerns over supplies of fuel and key materials. Lee raised concerns about market confusion driven by fake news and rumors, amid reports of hoarding of standard plastic garbage bags amid a sharp rise in polyethylene prices, a key material used to produce plastic bags. "We should transparently inform the public about supply and demand conditions, and response measures for key items to prevent unnecessary confusion and anxiety from spreading in the market," Lee said during an emergency economic response meeting. "If information is not clear, unnecessary suspicion and doubt could arise, which may fuel confusion through fake news and rumors," he added. Lee instructed relevant ministries to identify items whose supplies could be affected by the U.S.-Iran conflict and compile a list to closely monitor supply and demand, prices, and any signs of abnormal market acti
Go to News Site