(4th LD) Lee vows to secure 'absolute competitiveness' in advanced technologies in his 2nd year

During a press conference marking his first year in office, President Lee Jae Myung announced a strategic shift toward establishing absolute competitiveness in high-tech industries. The government plans to launch a significant investment initiative that leverages both public and private resources to diversify the nation's economic growth beyond its traditional reliance on semiconductors. President Lee emphasized that the benefits of this economic expansion must be distributed equitably, supporting small businesses, startups, and various regions rather than favoring a select few. Furthermore, he committed to rigorous structural reforms and a crackdown on financial and real estate crimes to dismantle entrenched interests. On the security front, the administration intends to pursue nuclear-powered submarine capabilities and the transition of wartime operational control, while maintaining a focus on regional peace and cooperation with North Korea.

The policy shift signals a major pivot in the nation's industrial strategy and economic distribution model as the administration enters its second year.