South Korea's Lee calls for electricity saving amid fuel price increases
South Korean President Lee Jae Myung urges citizens to conserve electricity amid rising fuel prices, highlighting concerns over energy stability following the Iran conflict. The government emphasizes electricity’s comparatively stable, tariff-controlled rates.
March 26, 2026
Jack Kim, Cynthia Kim/Reuters
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South Korea's President Lee Jae Myung delivers his speech during an event marking Korea's 107th anniversary of the March 1st Independence Movement in Seoul, South Korea, March 1, 2026.
Yonhap/Reuters
South Korean President Lee Jae Myung asked the public on Thursday to conserve electric power as rising fuel prices can prompt a shift to electricity because its prices are comparatively stable due to a government-controlled tariff.
Lee was holding an emergency economic meeting to address the fallout of the Iran war on Asia's fourth-largest economy, which almost entirely depends on imports for energy.
-Jack Kim, Cynthia Kim/Reuters
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