During the session, President Yoon emphasized that the world is facing the challenge of global economic imbalance and proposed three collaborative measures to overcome this and restore inclusive growth.
First, he stressed the need for practical discussions and international cooperation based on trust and collaboration to alleviate global imbalances. He suggested seeking policy coordination within a framework of mutual trust and cooperation rather than blame-shifting.
He also noted that the 'G7 Economists' Report' presented by the French presidency could serve as a starting point for future discussions, and South Korea would contribute to deriving practical cooperation measures by acting as a bridge between developed and emerging countries, as well as between surplus and deficit nations.
To strengthen the resilience of energy supply chains, President Yoon highlighted the necessity of solidarity and cooperation within the international community. He pointed out that the recent crisis in the Middle East has revealed the vulnerability of energy supply chains in the Asia-Pacific region compared to other areas. South Korea will support the International Energy Agency (IEA) in enhancing the resilience of energy supply chains in Asia.
He stated that South Korea would closely consult with major countries on expanding and strengthening the existing global energy security framework established by the IEA, including the IEA Singapore Regional Cooperation Center.
President Yoon also emphasized the need for collective efforts from the international community to stabilize and diversify critical mineral supply chains. He expressed strong support for G7 initiatives aimed at diversifying and enhancing the resilience of these supply chains.
As a major consumer and holder of key processing technologies, South Korea will actively participate in international cooperation efforts to stabilize supply chains.
He reiterated that South Korea is a key partner of the G7 and, as part of the G20 Troika in 2027 and the G20 presidency in 2028, will strive to ensure that discussions lead to practical cooperation among participating countries, positively impacting the lives of their citizens.
Additionally, France adopted two outcome documents on 'Countering Drug Trafficking' and 'Addressing Illegal Immigration' during the morning session. The drug trafficking document includes measures to enhance maritime and port security, establish a G7+ port network, block criminal organization infiltration, and trace illicit funds.
The South Korean government agrees on the need for international cooperation to combat drug trafficking and plans to consult with relevant ministries about participating in the G7+ port network.
The illegal immigration document emphasizes dismantling networks for human trafficking and illegal immigration, collaborating with online platforms, and enhancing safe and legal return procedures.
South Korea joined both documents, reaffirming its commitment to combating transnational crime and collaborating on international security with G7 and key partner countries.
Earlier, during the first session of the expanded meeting, President Yoon stated, "It is crucial to share the benefits of advancements in artificial intelligence (AI) technology with all countries and grow together." He emphasized that all nations should share the achievements of AI technology to ensure mutual growth.
In a session themed 'Building New Partnerships through Development Cooperation,' he diagnosed that while the AI revolution presents new challenges and opportunities for growth, many developing countries are not adequately accessing these opportunities.
He added, "We must ensure that technological gaps do not translate into growth gaps," proposing a vision of a 'Global AI Basic Society' where the benefits of AI development are shared by all humanity.
To address the issue of insufficient public funding amid rising development demands, President Yoon suggested a partnership model that mobilizes investment alongside aid and technology. He cited the Korea International Cooperation Agency's (KOICA) support for Indonesian startups as a successful example, where $1 million in grant aid successfully attracted $50 million in private investment.
He also highlighted the true value of development cooperation as the tangible improvement in the quality of life for citizens in recipient countries, presenting the 'LG Vocational Training School' established in Ethiopia as another success model.
President Yoon pledged that the South Korean government would fulfill its responsibilities and roles in building international partnerships based on its experience and capabilities as a country that has transitioned from being a recipient of aid to a donor.
France adopted three key agenda documents on 'Mutually Beneficial International Partnerships,' 'Cancer Eradication,' and 'Ebola Response,' to which the South Korean government officially expressed its support.
* This article has been translated by AI.
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