South Korean President Urges Setting a Cap on Fuel Prices.

South Korean President Lee Jae-myung has called for the immediate implementation of a fuel price cap, as escalating conflicts in the Middle East have led to a surge in energy costs. The government is taking steps to control the situation. At an emergency economic meeting held on Monday, Lee Jae-myung told officials that the government should quickly introduce and decisively enforce a maximum fuel price system to curb excessive oil price increases.