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Lee Urges Middle East Peace, Orders Emergency Economic Measures

Seoul is moving to shield households and trade against risks from a shaky U.S.–Iran ceasefire.

Overview

  • Lee, who addressed a Cabinet meeting Tuesday, called on warring parties in the Middle East to pursue peace and told his government to stay on emergency footing for energy and supply chains.
  • The 26.2 trillion-won relief plan will start payments on April 27 to about 35.8 million people, with 100,000 to 600,000 won per person based on income and region.
  • South Korean officials shared information with Iran on Korea-linked ships stuck in the Strait of Hormuz and discussed the safety of crews and freedom of navigation, according to Yonhap and the foreign minister.
  • North Korea conducted launches of strategic cruise and anti-ship missiles from the destroyer Choe Hyon on Sunday, KCNA reported, underscoring parallel security tensions near the peninsula.
  • U.S. President Donald Trump nominated former Rep. Michelle Park Steel as ambassador to South Korea, a move that would fill a post vacant since January last year.