SEOUL • South Korean President Yoon Suk-yeol has indicated that his new government will take part in a regional economic group US President Joe Biden is expected to soon unveil, in a show of support for the American leader days before he arrives in Seoul for talks.
Mr Yoon, who took office on May 10, yesterday told Parliament he wanted to discuss with Mr Biden when they meet later this week how his government can contribute to the Indo-Pacific Economic Framework (Ipef).
The pact is supposed to help coordinate regional supply chains, infrastructure and other areas.
Mr Yoon said his talks with Mr Biden will"include not only supply chain stabilisation measures, but also various economic security issues, such as the digital economy and carbon neutrality”.
South Korea is a major producer of semiconductors and Mr Yoon has backed Mr Biden's supply chain initiatives.
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