South Korean Deputy Prime Minister: Considering the increase in oil prices, activate level three response for resource crisis.

date
29/03/2026
South Korea's Deputy Prime Minister and Minister of Economy and Finance, Joo Hyun-cheol, stated on the 29th that if international oil prices rise to $120 to $130 per barrel, the government is likely to initiate a Level 3 response for resource security crisis alert, and the restrictions on driving based on the last digit of vehicle license plates will be expanded to include private sector vehicles.