BREAKING: New South Korean President Yoon Suk Yeol says he’ll present “an audacious plan” to improve North Korea’s economy if leader Kim Jong Un denuclearizes.
Won In-Choul, the Joint Chiefs of Staff chairman, told him in a video conference that North Korea is ready to conduct a nuclear test if its leader Kim Jong Un decides to do so. Yoon then ordered military commanders to maintain a firm military readiness, saying that “the security situation on the Korean Peninsula is very grave.”
Yoon’s low popularity is blamed in part on an acute divide between conservatives and liberals and on contentious policies and Cabinet picks. Some experts say Yoon, a foreign policy novice, also hasn’t shown a clear vision for how to navigate the world’s 10th largest economy amid challenges such as North Korea’s advancing nuclear arsenal, an intensifying U.S.-China rivalry and pandemic-hit livelihoods.
During his campaign, Yoon accused Moon of tilting too much toward North Korea and China and away from Washington while exploiting ties with Japan, Korea’s former colonial ruler, for domestic political purposes. Yoon must also rebuild South Korea’s pandemic response, shaken by a massive omicron surge in recent months. The COVID-19 crisis has battered an economy already hit by a bleak job market and growing personal debt. Yoon also inherits Moon’s economic policy failures that critics say allowed home prices to skyrocket and widen what is one of the worst rich-poor gaps among developed nations.
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