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Story summary
- South Korean President Lee Jae Myung says Korea must accept risks in importing crude oil from the Middle East due to blockages in the Strait of Hormuz.
- The government is consulting oil-producing nations, including Saudi Arabia and Oman.
- South Korea plans to deploy its vessels on the Red Sea route.
- South Korea aims for 100 gigawatts of renewable energy by 2030 and a hydrogen-reduction steelmaking facility by 2028.
