President Lee to meet rival party leaders on Middle East war economic fallout

President Lee Jae Myung is set to meet leaders of the ruling and main opposition parties on Tuesday to discuss measures to mitigate economic fallout from the Middle East war. The gathering at Cheong Wa Dae includes key figures from the Democratic Party of Korea and People Power Party, marking the first such meeting since September last year.

President Lee Jae Myung is scheduled to meet Democratic Party of Korea (DPK) leader Jung Chung-rae, DPK floor leader Han Byung-do, People Power Party (PPP) leader Jang Dong-hyeok, and PPP floor leader Song Eon-seog at Cheong Wa Dae on Tuesday. Prime Minister Kim Min-seok and presidential chief of staff Kang Hoon-sik will also attend the gathering.

Presidential secretary for political affairs Hong Ik-pyo told reporters that the economic situation stemming from the war in the Middle East will likely be discussed. Hong said the meeting aims to establish a consultative body involving the ruling and opposition parties to address people's livelihood issues.

The planned meeting marks the first such gathering since President Lee held a luncheon with rival party leaders in September last year. Officials expect discussions on measures to mitigate the economic fallout from the Middle East conflict.

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President Lee Jae Myung is set to hold a bilateral summit on Wednesday with Vietnam's top leader To Lam in Hanoi. Discussions will focus on strengthening economic ties and supply chain coordination amid global uncertainties. Lee's state visit marks the first by a foreign leader since To Lam was elected state president earlier this month.

President Lee Jae Myung on Tuesday instructed officials to take prompt action to stabilize consumer prices amid ongoing pressures from the Middle East conflict.

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President Lee Jae-myung returned home on April 24 after a six-day trip to India and Vietnam. He focused on expanding cooperation in energy and supply chains amid Middle East uncertainties during summits with the countries' leaders. Agreements aimed at doubling trade volumes and deepening strategic ties were reached.

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