The new president of South Korea said May 10 that he would provide North Korea with what he called “an audacious plan” to strengthen the economy of North Korea’s capital city Pyongyang in exchange for complete denuclearization.
Yoon Suk-yeol made the remarks following his inauguration ceremony in Seoul, South Korea, succeeding outgoing President Moon Jae-in.
Yoon said in his inauguration speech that North Korea’s resumption of nuclear tests posed a threat to global security, but that “the door to dialogue will remain open so that we can peacefully resolve this threat.”
“If North Korea genuinely embarks on a process to complete denuclearization, we are prepared to work with the international community to present an audacious plan that will vastly strengthen North Korea’s economy and improve the quality of life for its people,” he said.
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