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Translated by: MOS English Team – Master LL

On the 16th, South Korean President Yoon Seok-yeol delivered his first policy speech since taking office in the National Assembly.  He announced the new government’s position and plans on issues such as additional budget, North Korea policy, and participation in the Indo-Pacific Economic Framework (IPEF).  He also emphasized that the ruling and opposition parties should unite and cooperate to deal with the various crises facing South Korea.

Image Source: cnn

Yun Seok-yeol pointed out that stabilizing people’s livelihood is the most pressing issue for South Korea at present.  Yun Seok-yeol promised during his campaign that he would compensate the losses suffered by self-employed individuals due to epidemic prevention.  The government has submitted a supplementary budget of 59.4 trillion (about 314.30 billion yuan) to the National Assembly, and he called on the National Assembly to cooperate and deal with it as soon as possible.  Regarding the Covid-19 epidemic in North Korea, he once again expressed his willingness to provide medical resources and other assistance to North Korea in its fight against the epidemic. 

Image Source: businesskorea

Regarding the situation on the peninsula, Yun Seok-yeol pointed out that the current situation on the peninsula is severe, and the South Korea emphasizes the de-nuclearization of the peninsula and sustainable peace.  He is about to hold a summit meeting between South Korea and the United States on the 21st of this month. He will discuss with U.S. President Biden the plan to strengthen global supply chain cooperation through the IPEF, and will also discuss economics such as the digital economy, carbon neutral economy, as well as security related issues.


Edited and Proofread by: Linda Progress
Posted by: Peter Chen

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