South Korea's conservative new president took office Tuesday, and offered to work with the international community to improve North Korea’s economy in return for its commitment to “complete denuclearization.'
“Peace on the Korean Peninsula and Northeast Asia is the same — our region cannot be exempt from threats that endanger the peace of other regions,” Yoon said in his speech. “North Korea’s denuclearization will greatly contribute to bringing lasting peace and prosperity on the Korean Peninsula and beyond.”In his farewell speech on Monday, outgoing liberal President Moon Jae-in — a staunch advocate of diplomacy with North Korea — made a final plea for inter-Korean dialogue and the peace process.
Yoon, 61, is a first-time politician and former prosecutor general who begins his five-year term amid soaring housing prices, deepening income inequality and a challenging economic recovery from the globalpandemic. He must now rally an opposition-controlled parliament and a divided country that elected him with the narrowest margin in South Korea’s democratic history.
Yoon will soon face his first diplomatic test on the global stage next week, when President Biden makes his state visit to Seoul. Biden and Yoon are expected to discuss North Korea, the war in Ukraine and strengthening the U.S.-South Korea-Japan alliance.Yoon said South Korea, as the 10th-largest economy in the world, must play a greater role on international issues, noting major global challenges such as climate change, supply chain management and the energy crisis.
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