It was reported South Korean President Moon Jae-in is being briefed by the Prime Minister on a series of government ministries and institutions this morning-- including the Ministers of finance, foreign, unification and SMEs and startups.
In the meantime, President Moon Jae-in has urged his government to revive the country's manufacturing industry.
At Tuesday's cabinet meeting, he said it is a relief that some key economic figures, including employment, have seen an upward trend recently.
But he also said the manufacturing industry remains a big problem for the South Korean economy.
He also called for faster distribution of eco-friendly vehicles, as well as highlighting the importance of new industries.
Officials the meeting were also briefed on the results of President Moon's three-nation ASEAN tour.
He emphasized the need for joint efforts with ASEAN nations for an era of co-prosperity.
South Korea's National Assembly kicks off its first interpellation session of 2019 today.
Over the next four days, rival lawmakers will be grilling top government officials on a wide range of topics from politics and foreign affairs to the economy.
America's top diplomat is stressing that North Korea and the United States are still working hard to open a more promising future for the North, despite the breakdown of their recent summit in Hanoi.
In an interview with KCMO, U.S. Secretary of State Mike Pompeo said Pyeongyang and Washington are trying to get the " sequencing" right in talks to end the North's nuclear weapons program while at the same time opening a brighter future for the state.
His remarks on Monday came in the wake of North Korea's threat to walk away from the talks as the regime called for a step by-step dismantlement of its nuclear program in exchange for U.S. concessions including sanctions relief.
When asked about the failure to produce an agreement at last month's North Korea-U.S. summit in Hanoi, Pompeo said he could not say much about the details of the negotiations as they were "important private conversations", but did say it had to do with a range of issues around the timing and sequencing of how denuclearization is to be achieved.
However Pompeo remains optimistic over the prospect of achieving the complete denuclearization of the Korean peninsula, despite the recent setback in Vietnam.
He said conversations will certainly continue, noting it was North Korean leader Kim Jong-un's "promise" to the world at his first summit with President Trump in Singaporethat the North will indeed abandon its nuclear weapons program.
South Korean Foreign Minister Kang Kyung-wha says both Seoul and Washington believe a comprehensive roadmap is necessary in their nuclear talks with North Korea.
At the National Assembly on Monday, Seoul's top diplomat said it means starting thefull-fledged denuclearization process with a "big picture" to deal with all elements related to the North's nuclear facilities and its capabilities.
Kang also emphasized Seoul's role in facilitating talks between the two sides,... adding that sending a special envoy to North Korea may be an option.
Kang also agreed that holding another inter-Korean summit could help to revitalize denuclearization talks.
Source: Arirang News
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