Yoon Forecasts Strong 2024 Growth for South Korea, Pledges Security Cooperation with U.S.
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South Korean President Yoon Suk Yeol said economic growth in 2024 would exceed potential growth rate and recover beyond pre-pandemic levels.
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Yoon pledged closer security ties with the U.S. to bolster crisis management capabilities.
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He stressed the importance of fiscal discipline to help stabilize inflation.
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Yoon said South Korea would maintain cooperation with China, its largest trading partner.
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The 2024 budget plan included the smallest increase in two decades amid slowing tax revenue.