The new administration will elevate the sanctity of our spiritual ethos so that they can permeate every facet of society and in so doing, enable all of our citizens to enjoy life enriched by culture. We will harness the innate value of culture in order to heal social conflicts and bridging cultural divides separating different regions, generations, and social strata.

The Republic of Korea as we know it today has been built on the blood, toil, and sweat of the people. We have written a new history of extraordinary achievement combining industrialization and democratization based on the unwavering “can do” spirit of our people and matching resolve.

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Currently, North Korea is constantly upgrading and enhancing the sophistication of its nuclear weapons, and developing and honing its missile capabilities as well. These represent a threat not just to the Korean Peninsula but also to the international community. So it is extremely urgent that we achieve a denuclearization of North Korea.

As President of the Republic of Korea, I will live up to the will of the people by achieving economic rejuvenation, the happiness of the people, and the flourishing of our culture. I will do my utmost to building a Republic of Korea that is prosperous and where happiness is felt by all Koreans.

Dear nation, as I look back, the journey for the past 18 years that I have been on with the nation has been such a precious time. From the time I first entered politics in 1998 to this moment today as president, I have been making every effort for the sake of the country.

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The Korean saga that is often referred to as the “Miracle on the Han River” was written on the heels of our citizens who worked tirelessly in the mines of Germany, in the torrid deserts of the Middle East, in factories and laboratories where the lights were never turned off, and in the freezing frontlines safeguarding our national defense. This miracle was only possible due to the outstanding caliber of our people and their unstinting devotion to both family and country.

If the ruling and opposition parties discuss and come up with a plan to reduce the confusion in state affairs and ensure a safe transfer of governments, I will step down from the presidential position under that schedule and by processes stated in law.

Not for one moment did I pursue my private gains, and I have so far lived without ever harboring the smallest selfish motive. The problems that have emerged are from projects that I thought were serving the public interest and benefiting the country. But since I failed to properly manage those around me, (everything that happened) is my large wrongdoing.

Throughout the vortex of our turbulent contemporary history we always prevailed over countless hardships and adversities. Today, we are confronted anew with a global economic crisis and outstanding security challenges such as North Korea’s nuclear threat. At the same time, capitalism confronts new challenges in the aftermath of the global financial crisis. The tasks we face today are unlike any we have confronted before. And they can only be overcome by charting a new pathway by ourselves.

But I have faith in the Korean people. I believe in their resilience and the potential of our dynamic nation. And so I pledge to embark on the making of a “Second Miracle on the Han River” premised on a new era of hope hand-in-hand with the Korean people.

A genuine era of happiness is only possible when we aren’t clouded by the uncertainties of aging and when bearing and raising children is truly considered a blessing. No citizen should be left to fear that he or she might not be able to meet the basic requirements of life.

But the joy of the longawaited liberation ended up being only half fulfilled. The tragedy of our division and the ravages of the Korean War completely swept away the livelihood of our people. What meager industrial infrastructure we had collapsed thoroughly. But we were far from daunted. Through unity of purpose and the strength of our people, our nation made great new strides forward. With no capital, no technology, no experience to speak of, we nonetheless managed to erect steal mills and shipyards on barren grounds. We defied huge odds in building the Gyeongbu Expressway, which represents the main artery of our land. Today, we have become a country producing some of the world’s finest electronic goods, automobiles, steel, ships and petrochemical products, and we stand tall as an economic powerhouse with export figures that are the sixth largest in the world.