President Yoon Suk Yeol delivered a keynote speech at the plenary session of the United Nations General Assembly on September 20.
At a general discussion at the U.N. General Assembly held under the theme of "Restoring Trust and Reigning Global Solidarity," President Yoon expressed his willingness to contribute actively to resolve challenges including global gaps.
President Yoon pointed out that the gap between countries is widening amid a complex crisis such as the division of values and ideologies caused by the war in Ukraine,the contraction of the global economy and the escalation of the food and energy crisis. In particular, the president raised three global gaps, which are the development gap, climate gap, and digital gap, suggesting support directions to mitigate the disparity.
First of all, President Yoon stressed that countries with financial resources and technological capabilities should play a responsible role in bridging the development gap. Despite this year's tight fiscal stance, President emphasized that he has expanded the size of the official development aid (ODA) government budget by more than 40 percent next year. With the expanded ODA, Korea will promote customized development cooperation for recipient countries.
With extreme climates such as heatwaves, heavy rains, and typhoons becoming a daily occurrence in relation to the climate gap, the Green ODA will be expanded by donating an additional $300 million to the Green Climate Fund (GCF) to help climate-vulnerable countries reduce carbon emissions. In particular, the Korean government would widely utilize and share Carbon-Free Energy (CFE) such as nuclear power plants and hydrogen as well as renewable energy as a realistic alternative to achieving carbon neutrality goals.
President Yoon noted that Korea will play a responsible role in protecting international peace and security as a non-permanent member of the Security Council for 2024-2025. In accordance with the pledge of the 'Ukraine Peace Solidarity Initiative', Koreawill implement comprehensive support programs such as security, humanitarian and reconstruction for Ukraine. It reiterated its intention to donate $300 million next year and prepare a long-term support package of more than $2 billion.
President Yoon has attended the U.N. General Assembly for the second consecutive year, strengthening the international community's support base for our foreign policy.