. it would be important to start with stabilize the supply chain and that is why we need to deal with the issue of economic security. the nsd of the offices of the president given that authority to deal with this issue and for example, if there are any difficult issues to resolve, then the two countries will be engaged in closer cooperation for economic security and we decided to pursue this goal going forward. in addition, if you look at the financial markets or the foreign exchange market, it could be possible shocks and when that happens, the two countries can step in to help with each other and also related to the military security and also economic security, especially in relation to the export of defense items.
take on all threats together. and today president jung and i are committed to strengthening our close engagement and work together to take on the challenges of regional security, including addressing the threat posed by the democratic people s republic of korea, by further strengthening our deterrence posture and working toward a complete denuclearization of the prince of the korean peninsula. as the president has already spoken to promote stability across the taiwan straits as well as ensuring freedom of navigation including in the south china sea and beyond. so thank you again, mr. president, for your warm welcome , for your commitment to strengthening our alliance and for expanding expanding our global partnership. i look forward to years to come . they believe who has the first
of korea for their strong support for the people of ukraine whose war against ukraine isn t just a matter for europe. it s an attack on democracy in the core international principles of sovereignty and territorial integrity and the republic of korea and the united states standing together part of a global response with our allies and partners around the world to condemn russia s flagrant violations of international law and the whole russell russia accountable and to support the people of ukraine. tomorrow the president and i will be visiting with the korean and american troops who are still serving side by side even today, decades after our troops first fought valiantly together to preserve the freedom of the republic of korea. its emblematic of our strength and our continuing strength and the durability of our alliance and our readiness to
they re seeing what we ve been warning you about an economic recession is just around the corner. and finally we wondered when this would start happening. biden s booster s are evenit seeing the writing on the wall. i m on a more pessimistic end of the spectrum in terms of how i think the economy is underperform. i think inflation is going to force the fed to raise interest rateswi certainly to five , six percent, maybe higher, maybe the road aheadad does not look great. there s very little to be optimistic about the three eyes inflation, immigration and now infant formula pocketbook issues, kitchen table issues have been abstractm for a long time now. suddenly they re very real. yes, things are so bad that even trump hatingru liberas can t ignore the situation any longer and naturally things aren t any betterol on the foreign policy front either. biden s favorite lines about his conversations with foreign leadersrsle. the message i want the world to
and engage in practical cooperation. i will exert diplomatic endeavors to that end. we as the leaders of the two countries reiterated our common goal of the complete denuclearization of the dprk. there is no compromise for security under this shared i believe we concurred a strong deterrence against north korea is paramount. president biden affirmed the ironclad u.s. commitment to the defense of the republic of korea and substantive extended deterrence. at the same time, our two countries hope to see north korea take the path towards a genuine denuclearization. together with the community of nations, we pledge to spare no diplomatic efforts to that end, un security council resolutions will also be faithfully and fully implemented together with other countries. the door to dialog remains open