Seoul: President Lee Jae-myung was sworn into office Wednesday, pledging to unite a divided nation, revitalize the economy, and pursue pragmatic diplomacy based on national interests. Lee began his five-year term without a transition period following a snap election after the impeachment of former President Yoon Suk Yeol over a failed martial law bid in December.
According to Yonhap News Agency, Lee addressed the nation in his inaugural speech during a scaled-down ceremony at the National Assembly. "No matter whom you supported in this election, I will serve as a president for all to embrace and serve every citizen," he declared, emphasizing his commitment to healing a nation fractured by Yoon's martial law attempt and subsequent ouster.
Lee underscored the necessity of restoring security and peace, rebuilding livelihoods and the economy, and reviving democracy. He promised a "pragmatic and market-oriented" economic approach to boost growth and foster advancements in technologies such as artificial intelligence and semiconductors. "I will make a government that supports and encourages, not one that controls and manages," he asserted.
In terms of foreign policy, Lee highlighted the importance of "pragmatic" diplomacy centered on national interests to tackle challenges from the shifting economic and security landscape. He stressed strengthening South Korea-U.S.-Japan cooperation and maintaining a solid Korea-U.S. alliance. While advocating for strong deterrence against North Korea, Lee expressed openness to resuming dialogue for lasting peace on the Korean Peninsula.
Lee's inauguration marks the end of a six-month leadership vacuum following Yoon's martial law debacle, which left South Korea's economy vulnerable amid U.S. President Donald Trump's tariffs. Lee also faces security challenges, including the Trump administration's pressure for increased financial contributions for U.S. troops stationed in South Korea, amidst concerns over China's regional influence.
A White House official has reaffirmed the "ironclad" South Korea-U.S. alliance and expressed concerns over "Chinese interference and influence in democracies." Lee is expected to hold a phone call with Trump later this month, diplomatic sources indicate.
The inauguration ceremony was attended by government heads, Cabinet members, and lawmakers, with no foreign dignitaries invited. Prior to the event, Lee paid tribute at Seoul National Cemetery to honor fallen service members.
A formal inauguration ceremony will be held on July 17, coinciding with Constitution Day, as announced by the presidential office. This event, titled an "Appointment Ceremony," reflects Lee's belief that "the people appoint the president" and underscores his commitment to upholding constitutional order.