China News Agency, Seoul, May 16 (Reporter Liu Xu) On the 16th local time, South Korean President Yoon Seok-yue delivered his first policy speech since his inauguration in the National Assembly, announcing that the new government will increase the budget, policy toward North Korea, and join the Indo-Pacific Economic Framework (IPEF). ) and other issues, emphasizing that the ruling and opposition parties should unite and cooperate to deal with various crises facing the country.

  Yin Xiyue pointed out that stabilizing people's livelihood is the most pressing issue in South Korea.

Small businesses and other businesses have suffered huge losses in cooperation with the government's epidemic prevention and control work, 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.

  Yin Xiyue promised to compensate the self-employed for the losses suffered by the government's epidemic prevention measures.

Earlier this month, the South Korean government submitted a supplementary budget of 59.4 trillion won (about 314.30 billion yuan) to the National Assembly, setting a record.

In her speech, Yin Xiyue called on the Congress to cooperate and deal with the new government's supplementary budget as soon as possible.

  Yin Xiyue also pointed out that South Korea is currently under tremendous pressure from changes in the economic environment at home and abroad.

The global political economy is facing various crises and challenges, which is a big challenge for the export-oriented Korean economy.

  Yin Xiyue said that the five years in power of the new government will be a critical period to determine the future development of society.

Although there are different political ideas in the current Korean society, only unity and cooperation can overcome the common crisis.

  Regarding the new crown epidemic in North Korea, Yin Xiyue once again expressed in her speech that she is willing to provide medical resources and other assistance to North Korea in its fight against the new crown epidemic.

He said that humanitarian aid is not influenced by North-South political and military relations.

As long as the North Korean side is willing, South Korea is willing to provide it with medicines, medical equipment and medical personnel.

  Regarding the situation on the peninsula, Yin Xiyue pointed out that the current situation on the peninsula is severe, and the South Korean side emphasizes sustainable peace.

"What we want is not a formal peace, but a sustainable peace that fosters a process of denuclearization of the Korean peninsula and a virtuous circle of trust between the North and the South."

  It is worth noting that Yin Xiyue mentioned the possibility of South Korea joining the Indo-Pacific Economic Framework (IPEF) for the first time in his speech.

  Yoon Seok-yue said on the upcoming South Korea-US summit meeting on the 21st of this month that he will discuss with US President Biden, who is visiting South Korea this week, plans to strengthen global supply chain cooperation through the Indo-Pacific Economic Framework (IPEF), and will also discuss digital economy, Economic and security-related issues such as carbon neutrality.

  The Yonhap News Agency pointed out that although there have been public speculations that South Korea and the United States will discuss the "Indo-Pacific Economic Framework" at the summit, it is the first time that Yin Xiyue has personally made this issue, which is in line with his previous foreign policy stance.

A person related to the Korean Presidential Office also told Yonhap News Agency that Yin Xiyue’s mention of the “Indo-Pacific Economic Framework” in his policy speech itself shows how much he attaches importance to related issues.

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