Hwaseong City Holds Emergency "U.S.-Iran War Economic Security Measures Meeting"

Aiming for Proactive Response to Livelihood Crisis... Response Task Force to Be Formed

Considering 24-Hour Price Monitoring System in Preparation for Surging International Oil Prices

Amid growing concerns about the impact of recent U.S.-Iran military clashes and increasing instability in the international political landscape on the local economy and livelihoods, Hwaseong Special City (Mayor Myeonggeun Jeong) has launched an urgent economic response system, mobilizing all available administrative resources for a proactive response.

Jung Myung-geun, Mayor of Hwaseong Special City, is presiding over the "Hwaseong Special City Emergency Economic Security Countermeasures Meeting" at Byeongjeom District Office on the 11th. Photo by Hwaseong Special City

Jung Myung-geun, Mayor of Hwaseong Special City, is presiding over the "Hwaseong Special City Emergency Economic Security Countermeasures Meeting" at Byeongjeom District Office on the 11th. Photo by Hwaseong Special City

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On March 11, Mayor Myeonggeun Jeong urgently chaired the "Hwaseong Special City Emergency Economic Security Measures Meeting" in the Situation Room at Byeongjeom District Office, where he reviewed the potential effects of rising international oil prices and global supply chain instability on the regional economy and citizens' livelihoods, and discussed response measures.


The meeting brought together departments in charge of economic policy, corporate support, and price management to comprehensively examine the following, in light of changes in the international situation: price trends in the Hwaseong area, the potential for damages to businesses in industrial complexes, and the status of logistics and raw material supply.


In particular, Hwaseong Special City plans to strengthen its livelihood economy monitoring system, which continuously tracks fuel price trends at major local gas stations, the prices of daily necessities, and logistics conditions in industrial complexes. The city also intends to promote citizen-focused stabilization measures, such as expanding Hwaseong local currency incentives and deferring local tax payments.


In addition, the city will swiftly identify difficulties faced by local businesses regarding increased logistics costs or disruptions in raw material supply, and will move forward with necessary support measures.


Furthermore, the city is considering upgrading the current task force system to the "Hwaseong Special City Emergency Economic Security Headquarters" directly under the Mayor, should the international situation worsen and prolonged conflict occur. Through this, the city aims to establish an emergency response system for comprehensive management of the local economy and business activities, and to build a stronger economic defense line.


Following the emergency meeting on March 11, Hwaseong Special City will hold a "Livelihood Stabilization Measures Review Meeting in Response to High Oil Prices Caused by Conflict in the Middle East" at the city hall Situation Room on the morning of March 12. Relevant departments, including the Planning and Coordination Office, Corporate Investment Office, Transportation Bureau, and Climate, Energy, and Environment Bureau, will participate to comprehensively assess the impact of rising international oil prices due to the Middle East conflict on the local economy and livelihoods, and to discuss the formation of a response task force. Beginning with this meeting, the city will operate a constant response system to monitor international oil price trends and local economic impacts on a daily basis.


Mayor Myeonggeun Jeong stated, "Due to recent instability in the international situation originating in the Middle East, citizens are facing significant difficulties from rising fuel and grocery prices. Every minute of administrative hesitation can translate into hardship for citizens, so under the principle of 'immediate and unlimited responsibility,' Hwaseong Special City will proactively pursue all possible local government responses."


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Mayor Jeong further emphasized, "In line with the national policy philosophy of the Lee Jaemyung administration, which prioritizes citizens’ livelihoods, protecting the daily lives of our citizens is the most important role of local government. We will mobilize all available resources, such as deferring local tax payments and providing emergency management stabilization funds, and respond without delay to safeguard citizens and businesses in any crisis."


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

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