Joe Biden and Yoon Suk-yeol say their countries' decades-old alliance needed to develop not only to face North Korean threats but to keep the Indo-Pacific region 'free and open' and protect global supply chains.
SEOUL, South Korea – President Joe Biden and his new South Korean counterpart agreed on Saturday, May 21, to hold bigger military drills and deploy more US weapons if necessary to deter North Korea, while expanding the alliance to tackle new regional and global challenges.
The two sides agreed to consider expanding their combined military drills, which had been scaled back in recent years in an effort to lower tensions with the North, the statement said. Yoon has also offered aid for North Korea to combat its first acknowledged COVID-19 outbreak, but so far Pyongyang has not responded.
Changes in international trade and supply chains gave new impetus for the two countries to deepen their relationship, Yoon said, calling for cooperation on electric batteries and semiconductors. Yoon said the concept of economic security will include cooperating in case of shocks in the foreign exchange market.
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