President Korea's policy speech mentions the possibility of joining the "Indo-Pacific Economic Framework"

　　China News Service, May 16 (Yonhap News Agency) According to Yonhap News Agency, on the 16th local time, the new President of South Korea, Yoon Xiyue, delivered a policy speech in the National Assembly, focusing on people's livelihood issues and calling on the National Assembly to pass the supplementary budget as soon as possible.

In addition, Yin Xiyue mentioned the possibility of joining the "Indo-Pacific Economic Framework (IPEF)" for the first time.

South Korea's President Yoon Seok-wook speaks at the National Assembly on the government's supplementary budget on May 16, 2022.

　　Yin Xiyue pointed out that stabilizing people's livelihood is the most urgent issue at present. Small businesses have suffered losses due to cooperating with epidemic prevention measures, and people's livelihood has fallen into crisis.

If assistance is not provided in a timely manner, small businesses may find it difficult to save themselves, which will lead to an increase in government welfare spending and increase the financial burden.

He called on Congress to cooperate and deal with the new government's supplementary budget as soon as possible.

　　In terms of economy, Yin Xiyue pointed out that the current global political economy is facing various crises and challenges, which is a big challenge for the export-led South Korean economy.

Financial markets at home and abroad are also unstable.

　　Yin Xiyue also stressed the urgency of pension, labor market and education reforms.

Yin Xiyue emphasized that South Korea is facing unprecedented risks and challenges, and called on the government and opposition to carry out cross-party cooperation to overcome the crisis together.

　　In addition, Yin Xiyue mentioned the possibility of joining the "Indo-Pacific Economic Framework (IPEF)" for the first time, and said that at the South Korea-US summit meeting on the 21st, he and US President Biden will strengthen the "Indo-Pacific Economic Framework". Exchange of views on proposals for global supply chain cooperation, and discussions on a number of economic security issues such as the digital economy and carbon neutrality.