South Korea's new President, Lee Jae-myung, has been sworn in. He pledged to address economic challenges and improve relations with North Korea. This follows months of political and economic instability in the country.
Lee, from the Democratic Party of Korea, succeeds ousted President Yoon Suk-yeol. Lee aims to reopen dialogue with Pyongyang. He will work to deter North Korean provocations.
President Lee also addressed economic concerns. He warned of threats from rising protectionism and supply chain restructuring. He promised to address cost-of-living issues for middle- and low-income families.