The session included G7 leaders, the heads of five invited countries, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, and Organisation for Economic Co-operation and Development (OECD) Secretary-General Mathias Cormann.
President Yoon highlighted the global challenge of economic imbalance and proposed three collaborative strategies to restore inclusive growth.
First, he emphasized the need for practical discussions and international cooperation based on trust and collaboration among nations to alleviate global imbalances.
He suggested seeking policy coordination within a framework of mutual trust and cooperation rather than blame-shifting.
Yoon also noted that the 'G7 Economists' Report' presented by the French presidency could serve as a starting point for future discussions, and he pledged that South Korea would contribute to deriving practical cooperation measures as a bridge between developed and developing countries, as well as between surplus and deficit nations.
To strengthen energy supply chain resilience, President Yoon stressed the importance of solidarity and cooperation within the international community.
He pointed out that the recent crisis in the Middle East has revealed the significant vulnerability of the Asia-Pacific region's energy supply chains compared to other areas, and he stated that South Korea would support the International Energy Agency (IEA) in enhancing the resilience of energy supply chains in Asia.
He announced plans to 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.'
Yoon 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 strengthening the resilience of these supply chains.
Additionally, he stated that South Korea, as a major consumer of critical minerals and a holder of key processing technologies, would actively participate in international cooperation efforts to stabilize supply chains.
President Yoon reiterated that South Korea is a key partner of the G7 and will serve as the G20 Troika chair in 2027 and the G20 chair in 2028, emphasizing the importance of translating these discussions into practical cooperation that positively impacts the lives of citizens in participating countries.
In the morning session, France adopted two additional outcome documents on 'Drug Trafficking Response' and 'Illegal Immigration Response.'
The drug trafficking response document includes measures to enhance maritime and port security, establish a G7+ port network, prevent organized crime infiltration, and track illicit funds.
The South Korean government agrees on the necessity of international cooperation to combat drug trafficking and plans to consult with relevant ministries to participate in the G7+ port network.
The illegal immigration response document emphasizes dismantling networks for human trafficking and illegal immigration, collaborating with online platforms, and enhancing safe and legal return procedures.
South Korea has joined both documents, reaffirming its commitment to combating transnational crime and strengthening international security cooperation with G7 and key partner countries.
Earlier, during the first session of the expanded meeting, President Yoon stated, "It is essential to share the benefits of artificial intelligence (AI) technology development with all countries and grow together," emphasizing the need for global collaboration in AI advancements.
He diagnosed that while the AI revolution presents new challenges and growth opportunities for humanity, many developing countries are not adequately accessing these opportunities.
He added, "We must ensure that technological disparities do not translate into growth disparities," and proposed the vision of a 'Global AI Society' where the benefits of AI development are shared by all humanity.
To address the issue of insufficient public funding in light of rising development demands, Yoon suggested a partnership model that integrates aid, investment, technology, and systems, highlighting the need for mobilizing private capital.
He cited the successful example of the Korea International Cooperation Agency (KOICA) supporting startups in Indonesia, where $1 million in grant aid attracted $50 million in private investment.
He also presented the 'LG Vocational Training School' established in Ethiopia as another successful model, stating, "The true value of development cooperation lies in the tangible improvements in the quality of life experienced by the citizens of recipient countries."
Yoon pledged that the South Korean government would fulfill its responsibilities and roles in establishing international partnerships based on its experience and capabilities as a country that has transitioned from being a recipient of aid to a donor nation.
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.
Copyright ⓒ Aju Press All rights reserved.