this great nation".The new President also offered North Korea an olive branch amid its increased saber rattling"While North Korea's nuclear weapon programmes are a threat not only to our security and that of Northeast Asia, the door to dialogue will remain open so that we can peacefully resolve this threat."If North Korea genuinely embarks on a process to complete denuclearization, we are prepared to work with the international community to present an audacious plan that will vastly strengthen North Korea's economy and improve the quality of life for its people," he added.Yoon takes over at a time when South Korea is struggling to deal with economic challenges stemming from the Covid pandemic, the war in Ukraine, the threat of North Korea's nuclear and missile programs and other factors resulting in the phenomenon of "three simultaneous highs" in inflation, interest rates and exchange rates.Both economic security and North Korea are expected to feature high on the agenda of Yoon's first summit with US President Joe Biden in Seoul on May 21.On the domestic front, he faces a hostile National Assembly controlled by the main opposition Democratic Party.
--IANS ksk/
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
