S.Korea's Yoon suggests 'audacious' economic plan if N.Korea abandons nukes
(VOVWORLD) - South Korea's new president, Yoon Suk-yeol, said on Tuesday that North Korea's weapons programmes pose a threat but that he is ready to provide an "audacious" economic plan if the North is committed to denuclearisation.
 South Korea's President Yoon Suk-yeol is sworn in on May 10, 2022. (Photo: VNA) |
Yoon made the remarks during his inauguration speech after being sworn in at a ceremony in Seoul.
Yoon, 61, will face two major problems as he takes office: North Korea testing new weapons and inflation threatening to undermine an economic recovery from two years of COVID-19.
President Yoon outlined various challenges facing the country and the world from pandemics and rearrangements in global supply chains to record-low growth and rising unemployment at home.
More than 40,000 people were in attendance, including former presidents Moon Jae-in and Park Geun-hye as well as delegations from the US, China and Japan.