SEOUL: South Korean President Lee Jae Myung on Thursday called for efforts to stabilise the prices of food and daily necessities by monitoring unfair trade practices and addressing structural issues in the distribution process.
Lee made the remarks during a meeting with senior aides after visiting a traditional market in the central city of Chungju ahead of the Lunar New Year holiday, which begins this weekend, Yonhap News Agency reported.
"Many people remain concerned about prices and weak sales, " Lee said during the meeting at Cheong Wa Dae.
He instructed a newly launched interagency task force to prepare short-term measures to stabilise prices and closely monitor unfair practices, such as price rigging and monopolistic practices involving certain items.