Seoul: President Lee Jae-myung emphasized the necessity for South Korea to avoid being placed at a disadvantage in trade negotiations with the United States, as discussions continue over new tariffs imposed by President Donald Trump's administration.
According to Yonhap News Agency, Lee made these comments while traveling to Canada for the Group of Seven summit. The trip reflects ongoing efforts by Seoul and Washington to finalize a comprehensive agreement addressing U.S. tariffs, as well as economic and industrial cooperation. Lee reiterated the importance of achieving a "mutually beneficial" outcome, cautioning against diplomatic agreements that favor one side disproportionately.
Lee acknowledged the complexities of the negotiations, underscoring that the South Korean government remains committed to securing the best possible terms. In addition to trade talks, Lee pledged to enhance summit-level diplomacy to support South Korean businesses and expand the nation's economic influence globally.
"As the Lee Jae-myung administration prioritizes the livelihoods of the people and the economy, I believe South Korea, as a trading nation, must strengthen its international relations to help Korean companies enter the global market," Lee stated. He emphasized the need to elevate summit diplomacy to bolster South Korea's economic footprint.
Despite initial hesitations about attending the G7 summit soon after assuming office, Lee decided to participate to illustrate South Korea's return to normalcy. He viewed the summit as a platform to reaffirm South Korea's commitment to international cooperation.
Addressing the political landscape at home, Lee expressed confidence in South Korea's ability to regain its status as a major global player, highlighting its position as the world's 10th largest economy and a cultural leader. Regarding potential inclusion in an expanded G7, Lee remarked, "I will pursue it if the opportunity arises."