Lee Jae-myung "Preparing for Prolonged Ukraine Crisis... Need to Reassess Raw Material Supply Chains"

"Concerns Over Cold War Era... A Government That Turns Crisis into Opportunity Is Urgently Needed"

[Asia Economy Reporter Oh Ju-yeon] Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, on the 23rd urged the involved countries to make every effort until the last moment regarding the military conflict crisis between Russia and Ukraine, and called on the government to prepare for the prolonged Ukraine situation.

[Image source=Yonhap News]

That afternoon, Candidate Lee posted on Facebook, "Above all, the safety of our overseas Koreans is most important," and said, "In preparation for the possibility of armed conflict, I ask the government to ensure the safety of our citizens and companies." At the same time, he explained, "Uncertainties affecting the domestic economy must be minimized," adding, "There will also be impacts on the domestic financial and capital markets as well as the energy and resource sectors."

He expressed concern, saying, "This situation is worrisome as it could lead to a new Cold War era beyond a regional conflict," and emphasized, "Therefore, peace on the Korean Peninsula is even more important."

He then targeted Yoon Seok-youl, the candidate of the People Power Party, stating, "Politicizing security issues such as THAAD deployment and preemptive strikes is inviting crisis upon oneself."

Candidate Lee said, "There is a high possibility that complex crises like the current one will occur in the future. Thorough preparation is necessary," and stressed, "Therefore, the next president needs to be a capable leader who can resolve such crises. A government that turns global crises into opportunities is urgently needed."

He requested several urgent tasks from the government, saying, "In preparation for the prolongation of this situation, the supply chains of raw materials such as crude oil must be reexamined first." He also added, "Measures to secure supplies in advance are necessary," and "Responses anticipating the rise in grain prices are also requested."

Regarding export companies, he said, "Please check the current difficulties such as financial support and prepare support measures," and emphasized, "Especially, the 소재·부품·장비 (SoBuJang, materials, parts, and equipment) industry, which has significant supply concerns, should be carefully monitored to ensure no difficulties in business operations."

This content was produced with the assistance of AI translation services.