SEOUL, June 11 (AJP) - President Lee Jae-myung on Wednesday addressed recent speculation that he might do away with the time-honored tradition of presidential watches, saying a new edition will be made with an emphasis on value and purpose.
“After listening to various suggestions, I decided a meaningful and practical gift would be most appropriate," Lee wrote on Facebook. "I’ve instructed that a cost-effective presidential watch be produced.”
The announcement came after reports surfaced that Lee had cast doubt on the need for presidential watches during a recent dinner with ruling party leaders. When asked if there would be a “Lee Jae-myung watch,” he reportedly replied, “Is that really necessary?” That offhand comment led some to believe he planned to skip the tradition altogether.
Since the days of President Park Chung-hee, South Korean presidents have handed out wristwatches or pocket watches bearing their name or signature. These gifts, often given on special occasions, have become coveted items among collectors, with prices ranging from about 25,000 won (18.2 dollars) to over 550,000 won.
Lee explained that after his remark was reported, many people reached out to express disappointment, emphasizing that the presidential watch is among the most symbolic and cost-efficient gifts available. "Given its role as a symbol of the Republic of Korea, we’ll prepare it with care so it can be something people take pride in," he said. "I think it’s something worth looking forward to."
Presidential spokesperson Kang Yu-jung also addressed the rumors on Tuesday, saying, "It’s not true that President Lee decided against producing the watches. He asked for popular gift items, including watches, to be identified, and they’re being prepared for production."
reporter
Park Sae-jin
swatchsjp@ajunews.com
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