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South Korea's president-elect vows a stronger economy

South Korean President-elect Yoon Suk-yeol has vowed to bring a stronger economy to protect the country’s national security interests. Yoon is set to take office on May 10. At a roundtable with academics, industry leaders, and former high-level government officials, Yoon said he will lay the groundwork for “economic security” referring to a strategy to deal with fallout from the unprecedented economic disruptions caused by the COVID-19 and the Ukraine war. The meeting was hosted by the Seoul Forum for International Affairs, a nonprofit policy think tank in the country. The Seoul Forum asked Yoon to set up a presidential task force committed to economic security, a request Yoon said he would review as he prepares to unveil his Cabinet next month. He added that he expects the forum to offer him constructive counsel from now on.


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