SEOUL, Senior officials from the ruling Democratic Party (DP), the government and the presidential office Cheong Wa Dae agreed Tuesday to closely cooperate in implementing follow-up measures to the recent inter-Korean summit.
During a policy coordination meeting, they also raised the need to strengthen policy responses to unemployment and external economic uncertainties, such as a U.S. rate hike.
"They shared the view to carry out follow-ups to the summit in an orderly, calm and speedy manner. They also agreed to closely cooperate in that process," Park Beom-kye, chief spokesman at the DP, told a press briefing.
During the summit in late April, President Moon Jae-in and North Korean leader Kim Jong-un agreed to seek to formally end the 1950-53 Korean War and pursue inter-Korean cooperation at various levels.
As for projects to be pushed for with urgency, Park said that the participants agreed to work together in the field of forestry with North Korea and to hold a joint event to celebrate the first inter-Korean summit that was held on June 15, 2000.
They also agreed that the National Assembly needs to ratify the joint summit declaration for its successful implementation, Park added.
At the meeting, Prime Minister Lee Nak-yon said his Cabinet will be working calmly and solidly to back up the peace agreement that the two Koreas worked out in last month's summit.
"These developments unfolding beyond imagination were made possible through the combination of President Moon Jae-in's creativity and conviction, U.S. President Donald Trump's wisdom and determination and North Korean State Council Chairman Kim Jong-un's courage," Lee said.
"The Cabinet will be working calmly and solidly within the framework put together by the leaders," he said, adding that the government will immediately carry out inter-Korean projects that can be implemented right away and seek consultation with the North on projects that need consultation.
Lee said the government will take a phased approach to issues related to sanctions and other issues related to the U.S.-North Korea summit.
Rep. Choo Mi-ae, leader of the ruling party, hailed North Korea's announcement of a plan to dismantle the country's Punggye-ri nuclear test site as a first step toward "complete denuclearization" of the communist nation.
"Next month's North Korea-U.S. summit will produce achievements going beyond imagination," she said. "The Moon Jae-in government gave people freedom and hope for the past year, and we will be working hard to give people peace and prosperity as a gift in the second year."
Choo also said peace is directly related to the economy, people's livelihoods and welfare.
On the economic front, the officials raised a need to take bold steps to boost job growth and tackle economic risks.
"The local economy is on the recovery track, but job markets still remain stagnant. We should not let down our guard against economic risk factors at home and abroad, including a U.S. rate hike and weak growth of emerging economies," the DP spokesman said.
Prime Minister Lee said the government will make full preparations to execute the pending supplementary budget as soon as it passes through the National Assembly.
Source: Yonhap News Agency