Chairperson Yoo Dong-soo delivers opening remarks during the 6th meeting of the Special Committee on Economic Response to the Middle East War at the National Assembly Members' Office Building on the 10th. /Courtesy of Yonhap News

The Democratic Party of Korea proposed easing the odd-even driving system for public institutions to a 5-day rotation.

Yoo Dong-soo, Chairperson of the Democratic Party's "Task force on the economy amid the Middle East war," attended the task force's sixth meeting at the National Assembly on the morning of the 10th and said, "The crude oil supply situation is approaching nearly 90%," adding, "I hope the ministries will discuss whether we can make the odd-even driving system more flexible and change it to something like a 5-day rotation."

That day, the Ministry of Trade, Industry and Resources reported that it had secured more than 85% of crude oil imports for June–July compared with the previous year's average. However, it said that, because the timing of normalization in the Hormuz region is uncertain, efforts to expand supply must continue.

After the task force meeting, lawmaker Ahn Do-geol met with reporters and said, "We believe the shortfall of about 15% will be resolved by reduced domestic consumption," adding, "We have determined there are no issues with securing key raw materials." Ahn said, "For livelihood items and essential sectors such as health care, we are prioritizing the supply of feedstocks such as naphtha," and explained, "We are strictly cracking down on market-disrupting practices like hoarding and cornering."

The relaxation to a 5-day rotation for vehicles requested by the Chairperson Yoo will be reviewed by the government. Ahn said, "The government will review the relaxation to a 5-day rotation for vehicles and inform us of the results later."

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