President Lee Vows Full National Capacity to Curb Price Hikes

President Lee Jae-myung vowed on June 8 to harness the nation's full capabilities to curb inflation, expressing confidence that the country would not face a crisis.

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The nation's full capacity will be mobilized to minimize the extent of price increases.

Speaking at a press conference marking his first anniversary in office, Lee stated that normalizing market order and managing excessive price increases would be sufficient to avoid the worst outcomes. He also noted that South Korea's current inflation rate is being managed stably compared to other nations.

"I believe we can sufficiently avoid the worst-case scenario if we normalize market order and manage the unnecessary and excessive price increases," Lee said during the press conference held at the Cheong Wa Dae (Blue House) Guest House.

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I believe we can sufficiently avoid the worst-case scenario if we normalize market order and manage the unnecessary and excessive price increases.

Lee also highlighted the importance of equitable distribution of economic growth's benefits, promising to unveil large-scale investment projects soon. The president's remarks come amid ongoing concerns about the rising cost of living, with his administration seeking to reassure the public and stabilize the economy.

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The benefits of growth should be enjoyed by all citizens.