In the event North Korea carries out a major provocation during Biden's stay, the two leaders will immediately take command of the two countries' combined forces, he added.'Biden's first trip to the region as president also demonstrates his commitment to strengthening cooperation with allies on economics and trade.During their summit, Yoon is expected to announce South Korea's participation in the Indo-Pacific Economic Framework, an initiative proposed by Biden to ensure secure and resilient supply chains, set the rules of the digital economy, and invest in clean, modern and high-standards infrastructure.Perceptions that the proposal aims to exclude China from global supply chains have raised concerns that China could retaliate against South Korea - as it did when the US deployed the THAAD antimissile system to South Korea in 2017."It's not really necessary to look at it from a zero-sum perspective," Yoon told reporters Friday. "We just need to build good economic ties in our relationship with China as well."Kim said earlier that Saturday's summit will see the two countries expand their military and economic alliance to a "technological" alliance.'President Yoon Suk-yeol answers reporters' questions as he arrives for work at the presidential office in Yongsan, Seoul, on May 20, 2022. (Pool photo) (Yonhap)Key business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun and LG Group Chairman Koo Kwang-mo, have been invited to a banquet with Yoon and Biden at the National Museum of Korea on Saturday.On Sunday, Biden will depart for Japan.White House National Security Adviser Jake Sullivan said the trip comes at a "pivotal moment," as Biden seeks to demonstrate US leadership both in responding to Russia's war in Ukraine and in the "vital" Indo-Pacific region.He'll have the opportunity to reaffirm and reinforce two vital security alliances, to deepen two vibrant economic partnerships, to work with two fellow democracies to shape the rules of the road for the 21st century, and to thank his allies in Korea and Japan for their remarkable, and in some ways unexpected, contributions to the effort to support Ukraine and to hold Russia accountable," he told reporters Wednesday.'
--IANS int/svn/
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