South Korea Moves to Prevent Hoarding
Prime Minister Kim Min-seok issued these directives during an emergency economic headquarters session, one of several groups established to organize the government’s reaction to the US-Israel war involving Iran.
Officials have prohibited the accumulation of medical syringes and needles, along with major petrochemical inputs such as ethylene, propylene, and butadiene, citing concerns over potential shortages.
"I ask relevant ministries to strictly crack down on hoarding behavior that disrupts the market order," the prime minister said.
Kim further urged full efforts to ensure the effective implementation of a 26.2 trillion-won ($17.7 billion) supplementary budget approved by the National Assembly last week, which provides financial aid to the lowest 70% of income earners.
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