President Lee Jae-myung delivers New Year address envisioning balanced growth and national leap for 2026.
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President Lee calls for balanced growth in new year address

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President Lee Jae Myung outlined his vision for a national leap in 2026 during his New Year address, emphasizing balanced regional development and symbiotic growth between large conglomerates and small and medium-sized enterprises. He pledged to make 2026 the 'first year of Korea’s great national leap,' ensuring broad-based growth that benefits all citizens. Lee also began the year by paying tribute to fallen soldiers and independence fighters at Seoul National Cemetery.

On January 1, 2026, President Lee Jae Myung delivered his New Year address, calling for balanced growth to propel Korea's next economic leap. He declared, 'The goal of the people-sovereignty government is clear,' vowing to make this 'the first year of Korea’s great national leap, like a red horse in full stride.' He promised sweeping progress across politics, the economy, society, culture, diplomacy, and national security, ensuring that the fruits of growth are no longer monopolized by a small group.

'We will build a country where all citizens grow together as the nation grows, as large corporations and SMEs advance side by side,' Lee stated, noting that the economic formula behind Korea's rapid rise last century has become a 'success trap.' Inequality and widening gaps are now blocking growth, with concentrated investments in the Seoul area fueling social conflict and turning former strengths into obstacles. He urged a pivot to 'growth for all,' pointing out that benefits from recent U.S. tariff negotiations and large-scale defense and nuclear exports have disproportionately gone to major firms. 'Economic achievements made possible by the collective effort of our people must now extend to small businesses, venture firms, and household incomes,' he said.

For balanced regional development, Lee envisioned Seoul as the economic capital, the central region as the administrative hub, and the southern region as a maritime capital, creating a multipolar structure. He also pledged deeper investments in the cultural ecosystem to sustain K-culture beyond temporary trends. Peace, he stressed, is essential for growth, committing to reduce inter-Korean military tensions and rebuild trust. 'Peace is another word for growth,' Lee said. 'If we transform the costs of confrontation into peace-backed development, today’s Korea risk can become tomorrow’s Korea premium.'

Kicking off his New Year's schedule, President Lee visited Seoul National Cemetery in Dongjak-gu, southern Seoul, where he laid flowers, burned incense, and observed a moment of silence to honor fallen soldiers and independence fighters, accompanied by senior aides and Cabinet members. In the visitors' book, he wrote of opening 'the first year of a great leap forward for the Republic of Korea in a world where we live together.'

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Reactions on X to President Lee Jae-myung's New Year address are largely positive from supporters and official accounts, praising the vision of 2026 as the 'first year of Korea’s great national leap' with balanced regional development and growth benefiting all. Politicians and fans highlight shifts to inclusive, safe, and peace-backed growth. International outlets note emphasis on North Korea peace for economy. Skeptical posts from opponents label him negatively and call for accountability.

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President Lee Jae-myung receives policy briefing on balanced regional development, viewing map of five regional hubs and special provinces on screen.
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Lee receives briefing on balanced regional development

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President Lee Jae Myung received a policy briefing on balanced regional development on Monday, December 8, stressing it as key to sustainable growth. The presidential committee presented a customized strategy to ease concentration in the Seoul metropolitan area and foster new growth drivers nationwide. The plan includes five regional hubs and three special self-governing provinces.

South Korean Prime Minister Kim Min-seok stated on Friday that the government's focus for 2026 will be on fostering strategic industries, protecting lives from disasters, and promoting peace on the Korean Peninsula. He outlined these priorities during a ceremony marking the new year's first day of work at the government complex in Sejong, emphasizing pursuit under three key goals: an open government, one that listens to field voices, and a nation confident on the international stage.

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President Lee Jae Myung is set to deliver a speech on Tuesday outlining the 2026 budget. The government has proposed a record 728 trillion won budget, but partisan disputes raise doubts about passage by the December 2 deadline. Tensions center on expansionary fiscal policies and key initiatives.

President Lee Jae Myung vowed on November 1 at the APEC summit closing ceremony in Gyeongju to continue preemptive measures to ease military tensions and build trust with North Korea. He stressed that peace on the Korean Peninsula is essential for stability and prosperity in the Asia-Pacific region, seeking support from APEC members. He views North Korea's hostile rhetoric as a natural part of change, keeping dialogue open.

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North Korean Premier Pak Thae-song highlighted leader Kim Jong-un's regional development initiative as the state's top priority, urging officials to devote themselves to the plans. The remarks were made during a groundbreaking ceremony in Pyongwon County, South Pyongan Province. The policy, known as the Regional Development 20x10 Policy, aims to build modern industrial plants in 20 cities and counties each year to narrow the urban-rural gap over the next decade.

The South Korea-US alliance has faced a year of uncertainty in trade, security, and geopolitics since US President Donald Trump's return to the White House, but hard-fought bilateral deals have provided a more stable footing. Following President Lee Jae Myung's election, summits between the leaders led to a joint fact sheet on agreements, contributing to relationship stability. Challenges like tariff uncertainties and security issues remain.

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President Lee Jae-myung called on Friday for officials to make preemptive efforts to reduce tensions with North Korea, saying Seoul needs to patiently seek a path to restore trust with Pyongyang. At a policy briefing by the ministries of foreign affairs and unification, he urged sparing no efforts to proactively ease hostilities between the two sides.

 

 

 

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