South Korean President Yoon Suk-yeol said at his first news conference in about two years that he wants to focus on private-sector-led growth as he tries to chart a new course for his government after a painful defeat in last year’s parliamentary elections. month.
Yoon said in an opening statement on Thursday that his government has been working to normalize the real estate market as he outlined his priorities for his remaining three years in office. He has little room to maneuver after the elections, in which the progressive opposition bloc led by the Democratic Party increased its majority to 192 seats in the 300-seat unicameral parliament.
The president sought to further strengthen ties with the US and Japan, which are a trademark of his administration. He said this would help ensure security in the region, counter threats from the likes of North Korea and expand economic opportunities.
