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A new country in which human dignity is respected and culture is valued.

A unified land where the presently divided people live in peace as one.

And, it will stand tall and proud on the center stage of the civilized world, making vital contributions to global peace and progress.

Curing the Korean Disease

The problems which are widespread in Korea today are often referred to as the Korean disease: (1) Korean industriousness and ingenuity - long the envy of the world - seem to be evaporating, (2) values continue to erode, due to injustice, corruption, lethargy, bigotry, inertia, strife and confrontation, and narrow self-interests, and (3) self-confidence has been lost and defeatism has set in.

To create a New Korea, the new Administration has been vigorously addressing these symptoms through drastic change and reform. The President outlined the goals of these changes and reforms in his inaugural address: (1) the establishment of a new era of courage and hope by shaking off frustration and lethargy, (2) the replacement of bigotry and inertia with openmindedness and vitality, strife and confrontation with dialogue and cooperation, mistrust with trust, and (3) the building of a society which sees all citizens not only living together but also truly carring about one another, discarding narrow self-interests.

Three Tasks

The President outlined three essential tasks in his inaugural address.

First, misconduct and corruption must be rooted out. He defined misconduct and corruption as the most terrifying enemies attacking the foundation of society, and called for an end to all manner of impropriety and graft, allowing no sanctuary. He called for immediate reform starting from the very top.

Second, the economy must be revitalized. He vowed that the new Administration would do away with unwarranted controls and protection and instead guarantee self-regulation and fair competition. “Private initiative and creativity will thus be allowed to flourish”. He went on to say. “The Administration will be the first to tighten uts belt. Our citizens must also conserve more and save  more. Extravagance and wastefulness must be  eliminated... Only when the Government and the people, and labor and business work together with enthusiasm will it be possible to turn our economy around...”

Third, national discipline must be enhanced. “Respect for authority must be reestablished... Freedom must serve society... The true meaning of freedom is in using it to plant a flower in the park rather than picking a flower from the park.” The President also said, “Ethics... must be made to prevail. To this end, education must henceforth cultivate wholesome character and unwavering democratic belief, as well as equip our young people for the future with knowledge and skill in science and technology...”

Four majot Goals of the New Administration

The four major goals of the Administration are clean government, a sound economy, a healthy society and peaceful unification.

Clean government  means a government free of corruption and injustice. There is a saying that the lower reaches of a river will be clean only when the upper reaches are kept clean. The President is determined to keep the upper reaches of the stream clean, and all the Cabinet members and high-ranking public officials will join in this effort so that the public will have confidence in the Government.

The campaign to keep the upper reaches of the stream clean means reforms from the top. The new Government has required high-ranking public officials to register and make public their personal assets to discourage the illegal accumulation of wealth under the Public Officials’ Ethics Law. The President himself has made public his own assets and has said that he would not accept political contributions.

A sound economy means a New Economy free of unwarranted controls and protection - an economy which guarantees self-regulation and fair competition and encourages the private initiative and creativity necessary for economic revitalization. The economy has been marked by quantitative growth in the past three decades; now it needs qualitative development. In order to develop New Economy, Korea must (1) establish a liberal market system, (2) liberalize financing, (3) decentralize economic power and (4) promote economic reforms.

The New Economy emphasizes concentrated efforts for the renovation of science and technology. In the 21st century, the strength of nations will be measured by the development of science and technology. It is for this reason the new Administration is sharply raising research and development expenditures.

President Kim Young Sam announced on August 12, 1993, implementation of real-name system for all financial transactions to assist in the realization of economic justice and clean government. The new Administration also has a firm position to control speculation in real estate and institute tax reforms.

By effecting all these changes, it is predicted that the inflation rate as measured by the consumer price index will fall to the 3-4 percent range  by the end of 1994 from the usual past level of nearly 6 percent, while the balance on current account  will shift into the black. The economy as a whole should grow at an average annual rate of 6.9 percent, boosting per capita GNP to US$14,076 in 1998 from US$7,466 in 1993.

A healthy society means a society in which all people work hard and receive just rewards. It is obvious that a clean government and sound economy alone  cannot create a New Korea. A healthy society is absolutely required as well. Everyone must spontaneously take responsibility for keeping society healthy. Each and every person must be honest, courageous and dignified.

Peaceful unification is the supreme task for Koreans. the Republic’s Korean national Community Unification Formula envisages a Korean Commonwealth, an interim arrangement designed to build political, economic and military trust and  restore national homogeneity, leading to full national integration through free general elections throughout the Korean Peninsula. President Kim will consistently pursue this unification formula, widely regarded as being very realistic. He will, however, flexibly adapt it to changes in the international situation. In a Liberation Day speech on August 15, 1994, he thus prpoposed South-North joint projects for national development, including light-water nuclear reactor construction in the North, once the North Korean nuclear issue is resolved.

Reform backed by the Korean people

The Korean people’s deep support of President Kim’s comprehensive reform agenda has been reflected in the Korean leader’s strong public approval rating. President Kim has fared consistently well in public opinion polls which indicate that his reform policies continue to enjoy the support of a solid majority of Koreans.

Ethics Reform

To maintain the public’s trust, President Kim has pledged to create a corruption-free political environment by establishing high ethical standards for the members of his administration and political party. Symbolizing his strong commitment to this goal on February 27, 1993, just two days after his inauguration President Kim disclosed all of his financial assets to the public, and encouraged all senior cabinet and ruling party figures to do the same. A number of his government’s newly appointed officials were forced to resign for their past unethical financial conduct and President Kim declared that there would be “no sanctuary” from his clean-up campaign. He stressed that the new ethical standards “must be internalized and become a way of life” for all Koreans.

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