On June 6, South Korea's Minister of Justice, Jeong Seong-ho, made a strong statement against price collusion in the oil sector, arguing that unfair trading practices stemming from international oil price increases are harming the public. He described these acts as 'serious anti-social crimes' and instructed the Supreme Prosecutors' Office to respond rigorously, adhering to the law and principle. This move reflects a governmental stance aimed at safeguarding consumer interests amid rising oil prices.

Minister Jeong further highlighted the potential negative impacts of various market manipulation tactics, including hoarding, spreading fake news for dishonest trading, and illegal short selling. He stated that such actions, particularly around the volatility created by situations in the Middle East, need to be addressed with all available law enforcement measures. This positions the government as proactive in curbing financial market disruptions that could affect the daily lives of citizens.

During the same day, President Lee Jae-myung echoed similar sentiments in a cabinet meeting, stressing that individuals or businesses found trying to gain unjust profits should face serious consequences. He emphasized the necessity of employing all available policy tools to minimize the impact of international crises on domestic life, especially concerning prices in the energy and finance sectors. This coordinated approach showcases a strong government response against economic crimes impacting consumers directly, reflecting increased sensitivity to social and economic stability issues in the country.