In his inaugural address, South Korea's President Lee Jae-myung vowed to mend the political and economic strife that plagued the nation. He aims to establish relations with North Korea while promoting a pro-market approach to bolster the economy. Lee highlighted the threats posed by rising protectionism from the United States and reassured efforts to negotiate better trade terms. He underscored the need to alleviate economic pressure on low- and middle-income groups, emphasizing that achieving peace is worth any cost.
Lee pledged to help South Korea reverse course following months of uncertainty and political protest, promising to heal the wounds caused by recent turmoil.
We will heal the wounds of division and war and establish a future of peace and prosperity. No matter how costly, peace is better than war.
Lee said he would try to make headway in South Korea's relations with Pyongyang, working to deter North Korean nuclear and military provocations.
A Lee Jae-myung government will be a pragmatic pro-market government, focusing on addressing cost-of-living concerns faced by middle- and low-income families.
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