S.Korea's Yoon suggests 'audacious' economic plan if N.Korea abandons nukes

South Korean President Yoon Suk-yeol takes an oath during his inauguration in front of the National Assembly in Seoul, South Korea, May 10, 2022. Jeon Heon-Kyun /Pool via REUTERS

SEOUL (Reuters) -South Korea's new president, Yoon Suk-yeol, said on Tuesday that North Korea's weapons programmes pose a threat but that he is ready to provide an "audacious" economic plan if the North is committed to denuclearisation.

Yoon gave the remarks in his inauguration speech after being sworn in at a ceremony in Seoul. He won a tight election in March as the standard bearer of the main conservative People Power Party, less than a year after entering politics following a 26-year career as a prosecutor.