Politics · South Korea · 5 hrs ago
Lee calls for economic safeguards and closer US cooperation after midterms
South Korean President Lee Jae Myung urged officials to prepare for changes after US midterm elections at a cabinet meeting in Seoul.
He said uncertainty abroad could affect South Korea’s economy and asked ministries to plan responses for different scenarios.
Lee called for closer monitoring of financial markets and quick action if they become unsettled.
He also said South Korea should strengthen key industries, including semiconductors and artificial intelligence, to support future growth.
On ties with the United States, Lee said the government should protect South Korea’s interests and ensure bilateral foreign policy and security agreements are carried out.
He called for continued cooperation with the US administration and broader bipartisan support in Congress, as well as more contact with state governments and businesses.
Lee said his government would focus on practical diplomacy and national interests as it responds to changing conditions.
President Lee Jae-myung called for safeguards to limit the impact of external uncertainty on South Korea’s economy after the US midterm elections.
He asked government agencies to analyze possible changes and prepare detailed responses for different scenarios.
Lee called for closer monitoring of financial markets and stronger response systems.
He urged the government to strengthen strategic industries, including semiconductors and artificial intelligence.
He also called for closer cooperation with the US administration, Congress, state governments and business community.
- Who
- South Korean President Lee Jae-myung.
- What
- He called for measures to protect the economy and closer cooperation with the United States.
- When
- November 10, 2026.
- Where
- At a Cabinet meeting at the Blue House in Seoul.
- Why
- Lee said changes in the external environment were expected after the US midterm elections and could affect South Korea’s economy.
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- President
- Lee Jae-myung
- Meeting date
- November 10, 2026
- Meeting location
- Blue House, Seoul
- Strategic industries
- Semiconductors and artificial intelligence
- US cooperation
- Administration, Congress, state governments and business community
2 sources
What people are saying
We must do everything possible to minimize the negative impact that external uncertainty may have on the domestic economy.
We must closely monitor the US and international economic situation, strengthen monitoring so financial markets do not become unsettled, and establish a rapid response system.
We must focus our diplomatic efforts on building and expanding the foundations of trust and cooperation between the two countries from a mutually beneficial perspective.
The government will focus all its capabilities on practical, national-interest diplomacy and people-first governance, without overreacting to change.