Global trade chaos threatens South Korea’s ‘survival’ says Lee Jae-myung in inauguration speech

South Korea’s new president made the comments as he was inaugurated after winning the election

South Korea’s new president, Lee Jae-myung, has warned that rapid changes in the global order and rising protectionism pose a threat to his country’s survival, as he promised to pursue “dialogue and cooperation” with North Korea.

“The rapid changes in the global order such as rising protectionism and supply chain restructuring pose a threat to our very survival,” Lee said in an inaugural address, in an apparent reference to the global trade chaos sparked by US President Donald Trump’s sweeping tariffs.

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