World Desk, AnyTV, Seoul.
Published by: Jeet Kumar
Updated Thu, 10 Mar 2022 06:55 AM IST
Summary
Yoon has vowed to build at least 2.5 million homes over the next five years, including 500,000 in the capital, Seoul. It has also proposed to allocate 50 trillion won ($ 40 billion) to help small traders and the self-employed affected by the pandemic.
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Expansion
Emphasis will be on employment generation
Now for the next five years, it is the responsibility of handling Asia’s fourth largest economy. Yoon told the National Assembly that he supports market-led approaches, including job creation led by the private sector, rather than government projects. He says he plans to cut red tape for companies and take control of the virtual property industry.
self employment and house building proposal
South Korea’s leader Yoon has proposed allocating 50 trillion won ($40 billion) to help small traders and the self-employed affected by the pandemic, including a total of 43 trillion won cash handouts. Yoon has vowed to build at least 2.5 million homes over the next five years, including 500,000 in the capital, Seoul.
Foreign Policy
People associated with Yoon said the South Korean government would try to restart talks with North Korea and draw up a roadmap with significant and quick benefits if Pyongyang takes concrete action to denuclearize.
Yun seeks to expand nuclear alliance consultations with the United States, strengthen a tripartite partnership with Washington and Tokyo, and join the Quad gathering of the United States, Australia, Japan and India. .
Ties with America will be strengthened
He has called for increasing military resistance, including strengthening ties with the United States. He has also said that deterrent strikes may be the only way to counter North Korea’s new hypersonic missiles.
Defense
Yun said that South Korea wants to buy an additional THAAD US missile system to counter North Korea, a top foreign policy ally of Yoon has said, adding that taking the affirmative action could actually reset poor diplomatic ties with China. Might get a chance.