Now on the domestic front the President pledged to place priority on the people by heeding their thoughts and keeping their best interests at heart.
Here's our Presidential Office Correspondent Yoon Jung-min .
Apparently mindful of his unusually low approval ratings, President Yoon Suk-yeol made sure his remarks were humble and directed to the Korean people.
"Reflecting what the people want is most crucial in running state affairs. I will make sure that we don't miss a thing in listening to what the people want. I, myself, will do my utmost in carrying out this vow."
Although he vowed to humbly examine the public sentiment reflected by the opinion polls which at one point plunged to 24-percent in the first three months of his presidency the new president said he was not planning a wholesale reshuffle of his aides for the sake of improving his approval ratings.
Yoon also said he would continue to stop by reporters every morning to take a few questions something that's now become one of his administration's signature events.
On the economy, the South Korean leader reiterated his commitment to encourage private-led economic growth saying his government is currently looking into some one-thousand regulations that require reform.
"The government's role is to remove institutional obstacles so that the private sector feels free to make investments and seek growth. I will preside over regulatory innovation strategy meetings and take bold actions to remove regulations that get in the way of growth."
The President also renewed his pledge to do more to achieve belt-tightening in the public sector and deal with urgent tasks during his weekly emergency meeting on economic affairs.
On labor-management conflicts, the Prosecutor-General-turned-President not only emphasized "laws and principles" or the importance of negotiations among relevant parties, but also vowed to come up with more fundamental measures to settle the issue.
Yoon Jung-min, Arirang News.