President Biden Hosts a Joint Press Conference with President Yoon of the Republic of Korea

President Biden Hosts a Joint Press Conference with President Yoon of the Republic of Korea

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please be seated well Mr President it's good to see you again my friend we've met several times a little last year and each time we have deepened our nation's partnership and for the benefit I think of both our peoples today is no exception our nation's relationship is uh has been a great success story the alliance formed in war and has flourished in peace seemingly every day we've launched new areas of cooperation on Cyber strategic Technologies space democracy and all the areas that matter most to our future because of its core our alliance is about building a better future for all of our people and there's no better example than our economic relationship and partnership which as uh is delivering incredible benefits to both our Nations through the indo-pacific economic framework we're advancing economic growth grounded in high standards for our workers for the environment and for communities throughout the region we're standing together against economic influence being leveraged in coercive ways and since I took office Korean companies have invested more than 100 billion dollars in the United States driving Innovation and spurring good new jobs for Americans and Korean workers our mutual defense treaty is Ironclad and that includes our commitment to Extended deterrence and uh and uh that includes the nuclear threat and the nuclear deterrent they're particularly important in the face of dprk's increased threats and the blatant violation of U.S sanctions at the same time we continue to seek serious and substantial diplomatic breakthroughs with the dprk the bolster stability on the peninsula reduce the threat of proliferation and address our humanitarian human rights concerns for the people of the dprk Republic of Korea and the United States are working together including through our trilateral cooperation with Japan to ensure the future of the indo-pacific is free is open prosperous and secure I want to thank you again Mr President for your political courage and personal commitment to uh to diplomacy with Japan I've worked in these issues for a long time and I can tell you it makes an enormous difference when we all pull together I also welcome and support your administration's new indo-pacific strategy it's a strategy that affirms how aligned our two nations are and our visions of the region and how similar they are and today we discussed our work together on promoting peace and stability in the Taiwan Straits ensuring freedom of navigation in the South China Sea and Beyond excuse me I also affirmed our shared commitment we together shared our firm shared commitment to stand with the people of Ukraine against Russia's brutal assault on their freedom their territorial integrity and democracy and the Republican Korea's strong support for Ukraine is important because Russia's flagrant Russia's flagrant violation of international law matters to Nations everywhere in the world not just in Europe when I when it comes right down to it it's about what you believe what you stand for what kind of future you want for your children and grandchildren and right now I believe the world's an inflection point the choices we make today I believe are going to determine the direction of our world and the future of our kids for decades to come that's why this partnership is so important Mr President because we share the same values the same vision and I greatly appreciate Mr President that the Republican Korea co-chaired the second Summit on democracies last month and they will host this third Summit on for democracies we both understand that our democracies and our people are our greatest source of strength and working together and make our nation stronger and more effective from tracking the climate crisis and strengthening our effort to fight it and strengthening Global health no two countries are better suited to meet the challenges ahead than the Republic of Korea and the United States I want to thank you again Mr President for your friendship your partnership and all you've done to help build a future of shared strength and success the floor is yours Mr President [Music] Biden thank you for your special and warm Hospitality I am very pleased to be making a state visit to the United States during this meaningful year that marks the 70th anniversary of the rock U.S Alliance our two countries have overcome challenges and crises during the past 70 years based on the deep roots of freedom and democracy building a value Alliance that is strong resilient and sustainable we are now being threatened by an unprecedented poly crisis The Rock U.S

Alliance is jointly overcoming this crisis also coming from North Korea as a righteous Alliance that contributes to world peace and prosperity we will further expand the depth and denotation of the rock U.S Global comprehensive strategic partnership and marched forward to the future today president bidened and myself engaged in constructive dialogue to discuss ways to materialize this shared vision the outcome of our dialogue is well outlined in the joy statement adopted today the first key outcome is extended deterrence sustainable peace on the Korean Peninsula does not happen automatically our two leaders have decided to significantly strengthen extended deterrence over two countries against North Korea's nuclear and missile threats so that we can achieve peace through the superiority of overwhelming forces and not a false peace based on the Good Will of the other side such a will and commitment is captured in the Washington declaration President Biden has reaffirmed his Ironclad commitment to Extended deterrence towards the Republic of Korea our two countries have agreed to immediate bilateral presidential consultations in the event of North Korea's nuclear attack and promised to respond swiftly overwhelmingly and decisively using the full force of the alliance including the United States nuclear weapons our two countries have agreed to establish a nuclear consultative group to map out a specific plan to operate the new extended deterrence system now our two countries will share information on nuclear and strategic weapon operations plans in response to North Korea's provocations and have regular consultations on ways to plan and execute joint operations that combine Korea's state-of-the-art conventional forces with Us's nuclear capabilities the results of which will be reported to the leaders of our two countries on a regular basis in addition our two countries have agreed to further Advance tabletop exercises against a potential nuclear crisis in addition deployment of the United States strategic assets to the Korean Peninsula will be made constantly and routinely President Biden and I will continue to cooperate to strengthen extended deterrence between our two countries based on our historical and concrete agreement reached during our Summit second our two leaders have agreed to further strengthen the Strategic partnership in Economic Security which is directly related to the National economies of our two countries President Biden and I welcomed the expansion of our firm's bilateral Mutual investment in advanced technology including semiconductors electric vehicles and batteries President Biden has said that no special support and considerations will be spared for Korean companies investment and business activities in particular we have agreed to consult and coordinate closely so that the U.S inflation reduction Act and the chips and science act can further strengthen supply chain cooperations between the two countries in advanced technology furthermore we plan on ramping up Partnerships in Cutting Edge technology we have agreed to establish a dialogue for Next Generation emerging and core technology between the U.S National Security Council and the career office of National Security pertaining to Chip's batteries biotechnology Quantum science and other cutting-edge Technologies with the aim of promoting joint r d and experts Exchange we have also adopted a separate joint statement for strengthening cooperation in the rapidly emerging Quantum Science and Technology domain President Biden and I have also agreed to get the ball rolling on discussions about expanding our alliance into cyber and space by applying the mutual defense treaty in cyberspace and space as well we have also agreed that the Strategic cyber security cooperation framework adopted this time around will serve as the foundation on which we address cyber threats together and boost cooperation in information sharing collection and Analysis space is another area that shows great promise for cooperation between our two countries during my time here I was able to visit the NASA Goddard Space Center President Biden welcomed the establishment of Casa and we have agreed to promote cooperation between Casa and NASA we have also agreed to accelerate discussions on reaching a reciprocal defense procurement agreement which is equivalent to an FTA in terms of National Defense meanwhile President Biden and I have agreed to promote exchange between the future generations of our two countries to this end we have launched the US ROK special exchange initiatives for youths in celebration of the 70th anniversary of the rock us Alliance this year our two countries plan to invest a total of 60 million dollars to support exchanges between 2023 youths majoring in stem Humanities and social sciences this also includes the largest Fulbright program to date which will provide scholarships for 200 students last but not least President Biden and I have agreed that South Korea and the United States as key Partners in achieving stability and building peace in the indo-pacific region we'll put our heads together as we Implement our indo-pacific strategies to strengthen our cooperation in addressing Regional and Global challenges in particular President Biden expressed a strong support for efforts made by the Korean government to normalize Korea Japan relations and we have agreed to continue our efforts in strengthening Korea U.S Japan trilateral cooperation furthermore we reaffirmed that the use of force to tank the lives of innocent people an example of which would be Russia's invasion of Ukraine can in no circumstances whatsoever be justified in that sense we agree to continue our cooperation and efforts alongside the International Community to support Ukraine during this meeting we also discussed plans through which our two countries can take a leadership role in addressing Global challenges such as climate change International Development and energy and food security I am delighted that through today's meeting we've opened up a new chapter for the next 70 years of the rock U.S

Alliance I hope President Biden and I with the support of people in our two countries can fully deliver on the blueprint that we have mapped out today with the aim of our real founded in the reaffirmation of the value of freedom and our Universal values thank you now we're going to take some questions the first question from Courtney in Los Angeles Times thank you Mr President your top economic priority has been to build up U.S domestic Manufacturing in competition with China but your rules again against expanding chip Manufacturing in China is hurting South Korean companies that rely heavily on Beijing are you damaging a key Ally in the competition with China to help your domestic politics ahead of the election and one for president Yoon there have been concerns since last year that North Korea will soon be conducting its seventh nuclear test amid growing domestic support in your country for your own nuclear weapons meanwhile Russia has suggested it could send its latest weapons to North Korea if South Korea sends lethal Aid to Ukraine how do you seek to manage the North Korea risk amid obligations to Ukraine and NATO respond to your question first my desire to increase U.S manufacturing and jobs in America it's not about China I'm not concerned about China remember America invented a semiconductor we invented we used to have 40 percent of the market and we decided that what we're going to do over the past I don't know how many decades we decided that it was going to be cheaper to export jobs and import product and Along Came the pandemic the pandemic taught us that we used to have as I said 40 percent of the market just some years ago now it's down to 10 percent and again we invented the superhero we got so I decided to go out and see what we could do to increase our cold on the market once again and so what I did was I went around the country as well as an additional passing Egyptian science act I in fact they visit the countries around the world and two significant South Korean companies decided they were going to invest billions of dollars in chip Manufacturing in the United States it wasn't designed to hurt China it was designed so we didn't have to worry about whether or not we had access to semiconductors for example during the pandemic what happened was all of a sudden everybody started to learn the phrase supply chain a year ago no one knew what the hell everybody was talking about when he said supply chain but now they all know and we lost access to these these semiconductors in which new automobiles the United States need thirty thousand of them just to build a new automobile and we didn't have them so we started to invest here and what happened was when we encouraged the investment through the chips and science act and now we have enormous investment in the United States over 200 billion dollars in long-term investment in semiconductors and we're rebuilding the economy of the United States with those semiconductors it's not designed to hurt China the only thing I did say with regard to China there are certain extremely sophisticated semiconductors that we have built that are useful for nuclear and or other weapon systems those we are not selling whether we're not exported to China or anyone else and so that's the context in which this has all occurred in the meantime we've created thousands of jobs and bringing back a sense of Pride and dignity to so many towns in the country where all of a sudden over the last three decades we found out that factory is hired had 600 people shut down soul of that Community was lost and so I made sure when the semiconductors are coming back that they were not just going to go to the coast they'd be all over the country and so we have a significant Field of Dreams and outside of in Ohio outside of Columbus we're in Texas we're in Arizona anyways all over the country so it's not viewed to hurt anyone else we are providing access to those semiconductors we're not we're a supply chain you can count on but we are not we are not going to sit back and be in a position where we don't have access to those semiconductors we are not going to be a place where we're the end of that line we're the beginning of it and uh is generating significant economic growth in America and not hurting anybody and by the way it's creating jobs in in South Korea it's creating jobs in South Korea not just with SK but anyway with Samsung and other other Industries so I think it's a win-win with regard to your question let me provide my answer Korea and the US based on its Washington declaration our two countries have agreed to strengthen extended deterrence and the implementation level is different from the past first of all we have an NCG nuclear consultative group that has been launched that will Implement discussions and actions and we will hold regular meetings and consultations under NCG we will share information on Mutual nuclear assets and intelligence and we will jointly plan responses and also jointly plant exercises and drills and implementation plans so all of these will be strengthened and specified under the nuclear consultative group we want to customize our response against North Korea's nuclear threat based on extended deterrence and in the process of achieving this goal any concerns that Koreans may have against North Korean weapons will be relieved I believe if nuclear weapons are used are two countries will strengthen our response in a swift manner any further questions to me please reporter one from on one NTN I have two questions for you with regard to Extended deterrence the NCG that has been formed how will Korea function under NCG any kind of nuclear-equipped nuclear assets will be in function and to President Biden Korea is to maintain the MPT and it is to strengthen extended deterrence correct So based on your view do you think this is enough to guard Korea against the North Korean nuclear threat thank you very much uh chubby well let me address your question about the activities of the NCG we are going to be sharing information and we are going to be acting jointly that is the key I can't talk to the specifics right now about what type of information and what type of specific activities we will be conducting but however under the nuclear umbrella our extended deterrence was a lot lower so right now it's an unprecedented expansion and strengthening of the extended deterrent strategy under the Washington declaration which will create the NCG the implementation and the response at this level has never thus far been this strong so this is a new level of extended deterrence much stronger that I can say with confidence extended returns means that we are having more consultation with whatever action is to be contemplated or Taken and uh we made it really very very clear any the ROK is repeatedly formed its confirmed its commitment to uh to the non-proliferation treaty the Washington declaration is a prudent step three and fourth extended deterrence and respond to advancing dprk nuclear threat look the nuclear attack by North Korea against the United States or its allies or partisans our partners is unacceptable and will result in the end of whatever regime we're going to take such an action and it's about strengthening deterrence in response to the dprk's escalatory behavior and to deal on complete consultation and uh you know the idea that I have absolute authorities commander-in-chief and the sole authority to use the nuclear weapon but you know what the Declaration means is that we're going to make every effort to consult with our allies when it's appropriate if any actions so call for certainly we've talked about this and some other things today but the bottom line here is there's even closer cooperation closer consultation and uh and we're not going to be stationing nuclear weapons on the peninsula but we will have visits to Ports visits of nuclear submarines and things like that we are not walking away from that I turned to ask a question I think the next question is Mary Bruce ABC thank you Mr President you recently launched your re-election campaign you've said questions about your age are legitimate and your response is always just watch me but the country is watching and recent polling shows that 70 of Americans including a majority of Democrats believe you shouldn't run again what do you say to them what do you say to those Americans who are watching and aren't convinced you've said you can beat Trump again do you think you're the only one I may not be the only one but I know him well and I know the danger he presents to our democracy and we've been down this road before and with regard to uh to age you know and and pulling that I noticed the pulling that I keep hearing about is that I'm between uh 42 and 46 favorable rating Etc and uh but everybody running for reelection in this time has been in the same position there's nothing new about that you're making it sound like Biden's really under water um and uh number one number two when the same polling data asks whether they think what kind of job I've done it gets overwhelmingly positive results from 58 thinking everything from the chips act and all the things we've done you know we've created like I said we've created 12 million new jobs we've created 800 000 manufacturing jobs we have economic growth moving we're in a situation where the climate we've invested more money and more help in dealing with a climate crisis in any nation in the world and so things things are moving and uh the reason I'm running again is a job to finish the other thing is that look you know think about what I inherited when I got elected I inherited a nation an overwhelming debt at the time number one in the hole for the four years that he was President I inherited a nation that had a serious law loss of credibility around the world world as America first and you know the first meeting I attended the G7 I said America's back and one of the world leaders looked and said for how long or how long there's a great concern about the United States being able to lead the Free World and we're doing that again and those same polls you look at you take a look at the polls they're saying whether I pull together NATO and the European Union as well as Asian Partners I think we have but there's more to do and uh with regard to age I can't even say I guess how old I am I can't even say the number I've done I've done register with me and but the only thing I can say is that one of the things that people are going to find out they're going to see a race and they're going to judge whether or not I have or don't have it I respect them taking a hard look at it I take a hard look at it as well talk about a hard look at it before I decided to run and I feel good I feel excited about the prospects and I think we're on the verge of really turning the corner in a way we haven't in a long time I know you're tired of hearing me say we're in an inflection point where we really are what happens in the next two three four years going to determine what the next three four decades look like and I have never been more optimistic in my life about the possibilities of the United States to be clear though you just said I know him well did Donald Trump's decision to run affect yours would you be running if he wasn't yeah I think I still would be running if he wasn't I do know him well he's not hard to know as you know you know him well too um and uh the question is whether or not uh look there's just there's more to finish the job we have an opportunity to put ourselves in a position where we are economically and politically secure for a long time look that we continue to have and now we don't like me hear me saying it there's still a contest between autocracies and democracies and we're the leading democracy in the world and it's something I know fair amount about something I care about and something that I have found a willingness and awful lot of our allies and friends to follow so uh I think that you know we have to finish the job nail it down was it you need to repeat the question the mic was not used we could not interpret we need to repeat [Music] please use the microphone we cannot provide interpretation if you do not use the microphone microphone my apologies thank you did the recent leaks revealing that the U.S was spying on South Korea come up at all in your discussions and did President Biden provide you any assurances with regard to that we are communicating between our two countries and we are sharing necessary information I believe that investigation is underway in the United States so various and complex variables are always in play we need time to wait for the investigation results by the United States and we plan to continue to communicate on the matter thank you this will be the last question I'm from financial news my name is Kim bhakti my question goes to both of you my first one goes to president Yoon first during the state visit you've said that the alliance has strengthened to cutting-edge Industries into cutting-edge science and also investments in businesses have been some of the outcomes these are some positives however to the each individual of the public how will this have a long-term impact what will be the direct benefits felt and to President Biden in celebration of the 70th anniversary of the Iraq us Alliance I know that the atmosphere is really positive however Korean businesses especially because of the chipset and the IRA are on edge what message can you send to the Korean companies to really make sure and tell them that this is not something to worry about the technology cooperation between the ROK and the US and also in partner Partnerships and cutting-edge industries and Science and Technology it was your first question so that is about really strengthening the competitiveness of our two countries and it will enhance the productivity and to create added value High added value these are the types of products that are going to be produced and from the perspective of the public for each individual in that process they will reap the benefits wide and comprehensive that will stem from these industries and investments in these industries for example from job creation as well and above all the future Generations will be given the determination and will to take on new challenges and embrace opportunities in our industry so that they can continue to prosper and grow and become more abundant in the future reassurances that it's overwhelming in our interests for Korea to do well well no it is very much in America's interest that Korea do well in the Pacific very well because they are one of our most valued partners and so I think the combination of growing democracies in the Democratic institutions as well as their economies is overwhelming the benefit of the United States whether it is in South Korea or it's in Australia in the Deep South Pacific and so I think that there's a reason overwhelming reason Plus in addition to that we're increasing the number of student exchanges access to more information between our folks educating our people as well as we're going to be cooperating everything from space to technology to medicine and so there's so many opportunities we have and I don't think we at least we don't and I don't think so far most of the South Korean companies believe that there's somehow a a U.S effort to slow them down prevent their growth or anything like that we'd like to see them grow and and I mean that sincerely it's overwhelming in U.S

interest for South Korea to do very well economically it's overwhelming in our interests because it has and lastly you know I think we underestimate the example that South Korea sets here you have a nation that is significant but is not a nation of two three four hundred thousand people making the kind of changes it's making it gives other smaller Nations hope to believe that if they have Democratic institutions and commitment and and an impact on industries that in fact are The Cutting Edge Industries new sciences and Technology including Ai and other things that there's a future for them and I think that's what this is about and so we we View South Korea's economic growth as a benefit to the United States as well as Freedom around the world thank you all so very much appreciate it distinguished guests please remain in your seats until the official delegations have Departed they haven't figured out the debt limit yet thank you happy to meet with McCarthy but not on whether or not the debt limit gets extended that's not negotiable I noticed they quote Reagan and they quote they quote Reagan all the time and they quote Trump both of which said it says I'm paraphrasing it would be an absolute crime to not extend the Deadman

2023-05-01 20:44

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