President Lee Jae Myung emphasized on Thursday that improving ties with North Korea requires close coordination with the United States. Speaking at his first official press conference since taking office 30 days ago, he addressed regional diplomacy, economic concerns, and domestic reforms.
From the outset, President Lee Jae Myung underscored the importance of dialogue backed by allies. He said peace efforts must involve both South Korea and the United States. Additionally, he reaffirmed the importance of trilateral cooperation with Japan.
Although talks with Pyongyang seem difficult right now, Lee dismissed the idea of severing communication completely. “Diplomacy must continue, even in wartime,” he noted. Therefore, he argued that cutting off all channels with North Korea would be counterproductive.
Moreover, he suggested renaming the Ministry of Unification to avoid provoking the North. He believes a softer approach could help foster mutual understanding and eventual coexistence.
Lee also discussed halting loudspeaker broadcasts along the border. He claimed North Korea’s quick reaction exceeded his expectations. However, he cautioned against expecting immediate progress in bilateral relations.
Turning to trade, Lee addressed ongoing tariff negotiations with the United States. A July 8 deadline looms for reciprocal tariff suspensions. He admitted he was unsure whether both countries could reach a deal in time. “It’s unclear what each side wants right now,” Lee said.
News of U.S. Secretary of State Marco Rubio canceling his planned Seoul visit added to the uncertainty. Lee said his team remains committed to finding a fair solution, but the outcome is far from certain.
On relations with Japan, President Lee Jae Myung said he aims to honor the Kim-Obuchi declaration. He views Seoul and Tokyo as necessary partners despite unresolved historical disputes.
Domestically, Lee introduced new housing policies to cool the overheated Greater Seoul market. His administration now restricts mortgage loans above 600 million won. He warned against building more satellite towns, comparing it to “drinking salt water when thirsty.”
Lee also addressed legal reforms. He defended efforts to reduce prosecutors’ investigative powers. Instead, he supports shifting that authority to the police, with oversight. He admitted the prosecution’s dual role of investigating and indicting has caused problems.
Finally, Lee spoke about cash stimulus policies. He endorsed distributing up to 520,000 won to each citizen, citing COVID-era success. He believes such payments can quickly boost the local economy.
Lee concluded by emphasizing the need for dialogue with medical professionals. He views this as the first step toward fixing South Korea’s troubled healthcare system.
Through his remarks, President Lee Jae Myung signaled a commitment to collaboration, reform, and cautious diplomacy in a challenging environment.
