S. Korean president calls for advancing multilateral cooperation within APEC

GYEONGJU, South Korea, Oct. 29 (Xinhua) -- South Korean President Lee Jae-myung on Wednesday called for efforts to advance multilateral cooperation within the Asia-Pacific Economic Cooperation (APEC) at a time when protectionism and inward-looking policies are fueling uncertainty across the global economy.

At a time when protectionism and policies focused on national interests are resurging, talk of cooperation, mutual growth and inclusive development may sound hollow, Lee said at the opening ceremony of the APEC CEO Summit in Gyeongju, South Korea.

"Paradoxically, APEC's role as a platform for solidarity will shine brighter in times of crisis like these," he stressed.

Lee said that as the APEC chair for 2025, South Korea aims to lead the path of multilateral cooperation to confront the crises, stressing the need to reinforce supply-chain cooperation and restore trust in the Asia-Pacific region.

He urged deeper collaboration on innovation, particularly in the field of artificial intelligence.

The president also pledged stronger support for younger generations across the region.