Yoon Offers North Korea Economic Plan for Denuclearization

South Korean President Yoon Suk-yeol offered to restore North Korea’s economy with an “audacious plan” if the country takes measures to denuclearize.

In his inaugural address on Tuesday, Yoon said North Korea’s nuclear weapons program is a “danger” to the region.

However, Yoon stressed that the door to conversation and diplomatic resolution remains open and that in exchange for better security, he wished to assist improve living in North Korea. 

Yoon went on to say that denuclearization will “help to bring enduring peace and prosperity to the Korean Peninsula and beyond.”

The new South Korean president promised to take a tougher position in North Korea during his election campaign.

On the other hand, Yoon has said he will not remove sanctions or finalize a peace treaty until the North “takes active efforts in complete and verifiable disarmament,” and that he will develop “a robust military force that can assuredly deter any provocation,” as he stated earlier this year.

Commenting on Yoon’s remarks, United States Department Press Secretary Ned Price said in a press briefing they will work closely with the South Korean government.

“We have been and we will continue to coordinate closely with the ROK to address the threat posed by the DPRK’s unlawful WMD programs, its ballistic missile program as well, and to advance our shared objective on the complete denuclearization of the Korean Peninsula,” Price told reporters. 

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