Elections

South Korean President Yoon Suk-yeol Sets Out New Priorities in Press Conference

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South Korean President Yoon Suk-yeol, addressing the media for the first time in approximately two years, outlined his plans to steer his government towards growth propelled by the private sector. This shift in focus comes after facing a major setback in parliamentary elections, where the progressive opposition bloc led by the Democratic Party secured a significant majority in the unicameral parliament, leaving Yoon with limited flexibility to maneuver.

During the press conference, President Yoon highlighted his administration's efforts to stabilize the property market and stressed the importance of this achievement in his agenda for the remaining three years of his term. Despite the challenges posed by the recent election results, Yoon expressed a determination to reshape his government's direction to drive economic progress and stability in South Korea. In addition to domestic priorities, Yoon emphasized the significance of reinforcing relationships with key international partners, notably the United States and Japan, as a vital component of his administration's strategy. Strengthened alliances with these countries are viewed as essential in ensuring regional security against threats such as those posed by North Korea while also seeking to expand economic opportunities for South Korea.

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May 21, 2023 | 05:09