Newsnomics AJAY ANGELINA reporter |

South Korean President Yoon Suk Yeol announced Korea's hosting of the third Summit for Democracy next

year and said, “Korea, as a host country of the next Summit for Democracy, will do its part to further conso-

lidate democracy that guarantees freedom and parliamentary democracy, which is represented by rule of law and representative democracy."

"Through close cooperation with the international community, we will robustly support the coalition to firmly

defend democracy and take actions."

President Yoon Suk Yeol speaks online at the first plenary session of the second Summit for Democracy at

Yeongbingwan, the guesthouse of Cheong Wa Dae on March 29, 2023, the presidential spokesperson Lee Do Woon said in a news release.

President Yoon warned of the spread of "fake democracy" while the international community is divided due to a variety of crises including geopolitical conflicts and rivalry of interests. 

"We must embark on a new journey to revive democracy that is currently under attack through our pain

staking innovation and coalition" he said.

President Yoon, by calling the history of Korea's development, a constant journey for freedom, said, "seventy

years ago, Korea was able to defend freedom, and now we are fulfilling our duties and role as a 'facilitator of

freedom' in the world."

President Yoon wrapped up the session after listening the speeches from eight heads of state by saying,

"Achieving both economic growth and joint prosperity isn't easy but can be possible if countries with shared

values make efforts through solidarity."

 Spokesperson Lee said, "Through today's meeting, President Yoon directly chaired the first plenary session as the leader of a co-hosting country in an opportunity to raise the country's international leadership and national prestige by demonstrating his intent to practice universal values such as freedom, democracy and human

rights on the international stage."

 "The event served as a stage not only to enhance national prestige by showcasing the excellence of the

Republic of Korea's political and economic capacity, but also further solidify diplomacy contributing to the international community.

The inaugural summit was hosted by U.S. President Joe Biden in December 2021. The second edition held this year was led by the U.S. with the participation of 120 countries and four co-hosting nations: Korea, Costa Rica, the Netherlands and Zambia.