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The Korea Herald
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THE INVESTOR
March 28, 2024

Economy

[ROK-US SUMMIT] NK’s denuclearization will open more doors: Moon

  • PUBLISHED :June 29, 2017 - 17:30
  • UPDATED :June 30, 2017 - 15:57
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[THE INVESTOR]  WASHINGTON DC – President Moon Jae-in on June 28 said that peace on the Korean Peninsula will provide opportunity for growth and investment in North Korea for both Korean and US companies.

Speaking at a forum with US and Korean business leaders organized by the two countries’ chambers of commerce, Moon also urged closer collaboration between South Korean and US businesses to facilitate the two nations becoming “strategic economic partners.”




At the event held in Washington DC, Moon said that the Korea-US alliance has grown from one focused on security to include economic issues, and has become stronger in the process. And that his administration is working to resolve security issues on the peninsula on the foundations of Korea-US alliance.

“The new government will do its best to resolve the North Korean nuclear issue from the foundations of the firm Korea-US alliance,” Moon said.

“In the process of realizing our government’s plans, you be able to invest in South Korea without worry, and further more opportunities to invest in North Korea could be provided.”

The South Korean president also explained about his government’s economic policy direction, and called for bilateral economic cooperation to be taken to a new level.

“I hope Korea-US economic cooperation to go beyond bilateral trade and investment, to become ‘strategic economic partners’ that pioneer the global market,” Moon said.

According to presidential spokesman Park Soo-hyun, the attending US business leaders showed high interest in South Korea’s plans for increasing renewable energy sources.

Regarding his administration’s economic policies, Moon said that the aim is to focus on the people, and in the process establish a fairer, and more transparent business environment.

“The government’s new economic policy is to seek ‘people-centric economy. It is a change of concept that places the people, and households at the center of economic policies,” Moon said.

“The core is employment. If jobs are created, household income rises. The aim is to create a positive feedback in which the increased income boosts domestic spending and tows economic growth, and economic growth in turn leads to job creation.”

By Choi He-suk/The Korea Herald (cheesuk@heraldcorp.com)

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