Lee Jae-myung: Shaping South Korea's New Era

South Korea's newly inaugurated President, Lee Jae-myung, has announced plans to revive discussions with North Korea and enhance trilateral relations with the United States and Japan during his five-year tenure. Lee's previous ascent from poverty to a leading liberal politician committed to combating inequality and corruption marks the beginning of a pivotal era in South Korean politics.

Addressing the National Assembly, Lee emphasized strong deterrence against potential North Korean aggressions through a robust South Korea-US military alliance, while promoting peace on the Korean Peninsula through dialogue and collaboration. His diplomatic approach seeks to leverage national interests amidst significant geopolitical shifts and foster enhanced cooperation with neighboring countries and key allies.

Domestically, Lee identifies the need to reinvigorate South Korea's faltering economy as imperative, pledging immediate action. Amid external challenges, such as US tariff policies and North Korea's nuclear ambitions, Lee's administration will tackle recession threats with aggressive fiscal measures and vibrant economic strategies, as signaled by a recent interest rate cut by the central bank.

(With inputs from agencies.)