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In his first Liberation Day congratulatory speech since taking office, President Yun Seok-yeol presented detailed plans for the so-called bold initiative, a policy toward North Korea.
In case North Korea gives up its nuclear weapons, the key is that we will provide support from the initial negotiation process in accordance with the stage.
Today (15th), the first news, Kim Tae-hoon, a reporter specializing in defense, will deliver.
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The Yun Seok-yeol administration's first Liberation Day celebration under the title of Great People, Reclaimed Freedom, and a New Leap revealed.
[President Yun Seok-yeol: If (North Korea) converts to substantive denuclearization, I am proposing a bold initiative that can dramatically improve North Korea's economy and people's livelihood in accordance with that stage.]
If North Korea gives up its nuclear weapons first, the income of residents Unlike the Lee Myung-bak administration's Denuclearization Open 3000, which promised to help achieve $3,000, the bold initiative focused on support for each stage of denuclearization.
Specifically, it covered large-scale food supply programs, power transmission and distribution infrastructure support, port and airport modernization projects, as well as agriculture, healthcare, and international investment programs.
[President Yun Seok-yeol: The denuclearization of North Korea is essential for sustainable peace on the Korean Peninsula, in Northeast Asia, and around the world.]
The presidential office set the starting point of its aid to North Korea as the denuclearization negotiation.
[Kim Tae-hyo / 1st Deputy Director of National Security Office: (Denuclearization of North Korea) is a bold proposal in that it actively seeks economic support measures from the initial negotiation process.]
He also suggested a plan to exchange North Korean mineral resources, which are subject to UN trade sanctions, for South Korean food. There was also an interpretation that consultations with the
Furthermore, he added that if a comprehensive denuclearization agreement is reached, a North-South Joint Economic Development Committee will be established.
The presidential office explained that it had prepared a roadmap for inter-Korean cooperation in the political and military fields as part of a bold initiative.
However, the North's reaction is noteworthy in that the pre-rehearsal of the Ulchi Freedom Shield, which North Korea is strongly opposed to, will start tomorrow.
(Video coverage: Choi Dae-woong, video editing: Jeong Seong-hoon, CG: Hong Seong-yong)