The new South Korean president’s bold plan on North Korea

Yonhap reported that, in his inauguration speech on May 10, President Yoon Suk-yeol raised the challenges that Korea and the world faces from the pandemic and realignment in global supply chains to record low growth and rising unemployment in South Korea.

“Our generation’s call is to build a nation that advocates freedom and democracy and ensures a thriving market economy, one that fulfills its responsibilities as a trusted member.” of the international community and a nation that truly belongs to the people,” the new president told the approximately 41,000 people present at the inauguration, noting that he remembered “his great task of rebuilding the nation.” this great family”.

President Yoon Suk-yeol expressed his desire to work with other countries to address common challenges and stressed the importance of protecting political and economic freedoms to ensure success. “We, as global citizens, must resist any attempt to deprive us of our freedoms, abuse human rights or destroy peace,” the new president stressed.

About North KoreaPresident Yoon Suk-yeol said that although Pyongyang’s nuclear weapons programs pose a threat not only to the security of South Korea and Northeast Asia, “the door for dialogue will remain wide open.” open so that we can address this threat peacefully.”

The new president added: “If North Korea really embarks on the process of completing denuclearization, we will be ready to work with the international community to come up with a bold plan to significantly strengthen the country’s economy.” North Korea’s economy and improving the quality of life for its people”.

President Yoon Suk-yeol’s inauguration marks the beginning of an uphill battle to stem the economic crisis, win the cooperation of an opposition-controlled parliament, and contain North Korea.

President Yoon Suk-yeol began his five-year term at midnight in an underground bunker set up at the new Presidential Office building in the Yongsan area by receiving a briefing call from the Joint Chiefs of Staff. Republic of Korea (JCS), as Commander-in-Chief. The site will serve as the situation room of the National Center for Crisis Control.

Marking the beginning of President Yoon Suk-yeol’s administration was a bell-ringing ceremony held at midnight in central Seoul.

The inauguration ceremony was attended by about 41,000 people, including foreign guests such as Mr. Douglas Emhoff – husband of US Vice President Kamala Harris – and Vice President of China Wang Qishan.

After the inauguration, President Yoon Suk-yeol went straight to the new Presidential Office that he had fought so hard to move out of. Blue Housein an attempt to be “closer to the people”.

President Yoon Suk-yeol’s takeover comes at a time when South Korea is struggling to cope with economic challenges stemming from the pandemic, conflict in Ukraine and other factors that have led to the phenomenon of “three highs of copper”. time” are inflation, interest rates, and exchange rates.

Meanwhile, the threat of nuclear programs and North Korean missile growing.

Both economic security and North Korea are expected to be high on the agenda of President Yoon Suk-yeol’s first summit with US President Joe Biden in Seoul on May 21.

South Korea’s new president also faces the daunting task of repairing a deeply fractured relationship with Japan. During the election campaign, he expressed a desire to build a forward-looking relationship with the neighboring country despite unresolved controversies over wartime sex slavery, forced labor and leadership. territory derived from the 1910-45 colonial rule of Japan on the Korean Peninsula.