What New Peace Initiative Did South Korean President Unveil at the UN?

Synopsis
Key Takeaways
- President Lee's 'END' initiative aims for peace through exchange, normalization, and denuclearization.
- Lee's trip marked South Korea's full return to the global stage after political turmoil.
- Cooperation with Poland is vital for South Korea's defense industry.
- The Korea Investment Summit seeks to enhance economic growth.
- Collaboration with BlackRock highlights focus on AI and renewable energy.
Seoul, Sep 26 (NationPress) President Lee Jae Myung of South Korea returned on Friday from his trip to New York, where he introduced a new peace initiative aimed at the Korean Peninsula during the UN General Assembly.
This marked Lee's inaugural address at the UN since taking office in June, during which he proclaimed South Korea's full resurgence on the global stage following a period of political instability due to former President Yoon Suk Yeol's unsuccessful martial law attempt, as reported by Yonhap News Agency.
Lee presented the “END” initiative, highlighting South Korea's commitment to “exchange,” “normalization,” and “denuclearization” to foster peace on the Korean Peninsula.
While meeting with US Treasury Secretary Scott Bessent, Lee expressed optimism about advancing trade negotiations with Washington based on “commercial rationality.”
This meeting occurred amid limited progress on the specifics of South Korea's US$350 billion investment pledge in the United States.
On Thursday, Lee organized the Korea Investment Summit at the New York Stock Exchange, aiming to attract new capital and bolster the Korean stock market.
Earlier in the week, Lee met with BlackRock CEO Larry Fink to explore collaboration in artificial intelligence (AI) and renewable energy, culminating in an agreement to establish AI data centers as part of Seoul's vision of becoming Asia's AI hub.
On Wednesday, President Lee Jae Myung engaged with Polish President Karol Nawrocki to discuss enhancing cooperation in the defence sector, according to Lee's office.
These discussions took place on the sidelines of the UN General Assembly, with Poland emerging as a significant market for South Korean defence exports amid the ongoing conflict in Ukraine.
The leaders acknowledged the advancements in defence industry collaboration, particularly in tanks, and agreed to further strengthen partnerships for mutual benefits.
Lee expressed anticipation for deeper cooperation concerning Poland's submarine acquisition program, as Hanwha Group actively engages in Warsaw's Orka project, aiming to procure three to four 3,000-ton submarines valued at over 3 trillion won (US$2.25 billion).
The two leaders also shared insights on regional security matters, including the situations in the Korean Peninsula and Ukraine.