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

President Lee Jae-myung marked the Lunar New Year on February 17, 2026, with a video message emphasizing national unity and service to the people in his second year in office. Dressed in traditional hanbok alongside first lady Kim Hae-kyung, he renewed his pledge to be a 'president for all' embracing every citizen. He expressed gratitude to the public for overcoming last year's political crisis and called for advancing together on foundations of compassionate solidarity and trust.

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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.

President Lee Jae-myung met with leaders from the ruling Democratic Party and minor parties at Cheong Wa Dae on Friday for a 90-minute luncheon. He urged bipartisan cooperation to resolve issues including a massive data breach at Coupang Inc., financial troubles at Homeplus Co., and a labor dispute at GM Korea Co. The main opposition People Power Party leader did not attend.

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South Korean President Lee Jae Myung arrived in Beijing on January 4, 2026, for summit talks with Chinese President Xi Jinping on January 5—hours after North Korea's first ballistic missile launch of the year heightened tensions. Building on the state visit previewed prior to departure, discussions will cover North Korea coordination, economic ties, and cultural exchanges.

South Korea's National Assembly passed the 2026 budget of 727.9 trillion won on Tuesday, achieving the first on-time approval in five years. Ruling and opposition parties reached a last-minute agreement to keep the government's proposed total spending intact while reallocating funds. The budget emphasizes increased spending to support the economy and national defense.

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At the invitation of Chinese President Xi Jinping, South Korean President Lee Jae-myung will pay a state visit to China from January 4 to 7, 2026. It marks Lee's first trip to China since taking office in June 2025 and the first by a South Korean president since 2019. The visit is expected to advance the strategic cooperative partnership between the two nations.

 

 

 

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