Energy shock, US missile defense asset shifts and new trade probes — Ep. 123

This week’s episode begins with the economic and political ripple effects of escalating conflict in the Middle East. For South Korea, which imports nearly all of its energy, the spike has triggered emergency discussions in Seoul with President Lee Jae Myung proposing temporary price ceilings on energy to shield consumers, though the policy could shift costs onto industry.  The hosts also examine security implications tied to the Middle East conflict. Reports suggest some U.S. missile defense assets stationed in South Korea — including Patriot interceptors and possibly THAAD components — may be redeployed to support operations elsewhere.  Another major topic is Washington’s move to launch trade investigations under Section 301 after a U.S. Supreme Court ruling limited the Trump administration’s tariff powers. The new investigations will examine whether trade practices among major U.S. partners — including South Korea — disadvantage American companies.  Finally, the podcast looks ahead to South Korea’s June local elections, widely seen as the first major political test for the Lee administration. About the podcast: The Korea Pro Podcast is a weekly conversation hosted by Korea Risk Group Executive Director Jeongmin Kim, Managing Editor John Lee and correspondent Joon Ha Park, delivering deep, clear analysis of South Korean politics, diplomacy, security, society and technology for professionals who need more than headlines. Uploaded every Friday. This episode was recorded on Thursday, March 12th, 2026. Audio edited by Alannah Hill