Will S. Korean President Lee Make an Impact at G20 Summit?
Synopsis
Key Takeaways
- President Lee Jae Myung affirms South Korea's commitment to global challenges.
- The G20 summit emphasizes solidarity, equality, and sustainability.
- Key initiatives include alleviating developing countries' debt and enhancing climate action.
- Multilateral cooperation is essential for tackling global issues.
- Meetings with other leaders aim to strengthen bilateral relations.
Johannesburg, Nov 22 (NationPress) President Lee Jae Myung participated in the Group of 20 (G20) summit held in Johannesburg, South Africa, on Saturday, where he was anticipated to affirm South Korea's proactive involvement in tackling significant global challenges, including inclusive growth and climate change.
This year's event, which continues until Sunday, convenes leaders from major economies, excluding U.S. President Donald Trump, under the overarching theme of "Solidarity, Equality, Sustainability."
During the summit, Lee is set to engage in three discussions aimed at presenting South Korea's strategy for adopting a more prominent role in addressing global issues, as highlighted by National Security Adviser Wi Sung-lac, according to reports from Yonhap.
In the initial session focused on inclusive and sustainable economic growth, Lee intends to outline South Korea's fiscal policy measures, proposing actions such as alleviating debt burdens on developing nations, revitalizing the multilateral trading framework, and boosting the efficiency of development cooperation, as stated by the presidential office.
During the second session, which will center on global resilience, Lee plans to stress the necessity of collaborative efforts to confront the climate crisis, enhance disaster response capabilities, and tackle global food insecurity. He will also detail Seoul's contributions to initiatives aimed at combating climate change and providing disaster relief to developing countries.
The G20 comprises 19 advanced and developing economies alongside the European Union and the African Union, representing 85% of the world's gross domestic product and approximately two-thirds of the global population.
On the sidelines of the summit, Lee will engage in multiple bilateral and multilateral discussions.
He is scheduled to meet with leaders from MIKTA, a coalition of five middle-power nations including South Korea, Mexico, Indonesia, Turkey, and Australia, to explore avenues for enhancing multilateral cooperation on pressing global matters.
Additionally, Lee is expected to hold separate dialogues with French President Emmanuel Macron and German Chancellor Friedrich Merz to discuss bilateral relations.
On Sunday, he will attend the summit's third session and connect with Korean nationals residing in South Africa before departing for Turkey on Monday, concluding a four-nation tour that also included visits to the United Arab Emirates and Egypt.