On behalf of my delegation, I offer Mr. Theo-Ben Gurirab my sincere congratulations on his election as President of the General Assembly at its fifty-fourth session. I also pay a tribute to his predecessor, Mr. Didier Opertti, under whose leadership the Assembly succeeded in achieving positive results at its fifty-third session. I have every expectation that this, the final session of the Assembly of the twentieth century, will be as fruitful. The rich experience and leadership Mr. Gurirab brings to the presidency ensure the session's success. I assure him of our full cooperation and support in his noble endeavours. I warmly congratulate the three new Members, the Republic of Kiribati, the Republic of Nauru and the Kingdom of Tonga, on their admission to the United Nations. The new millennium is about to dawn, and we will enter it with great hope for the new age, but also burdened by numerous problems left unresolved from the passing century. To realize the hope and mould the twenty-first century into an era of global peace and stability, of well-being and prosperity for all humankind, we must face up to these problems, decide what our priority goals are and seek measures to achieve them. So that the fifty-fourth session may illuminate the way, let us gather the best of our collective wisdom. The defining character of our times is change and the acceleration of change. The guiding precept of the global actors is shifting from nationalism to internationalism, and further to globalism. The whole world is converging around shared values and behaviour patterns. In economic affairs, the market economy is becoming the global norm. In political matters, reconciliation and cooperation have become the expected mode of behaviour. The world is becoming a global village of countries willing and eager to live with one another in interdependence and integration. A conspicuous exception to the tide of the times is the Korean peninsula, where the confrontational structure of the cold-war era still keeps the two divided sides in mutual distrust and hostility. Decades have passed since the end of the Korean war, but genuine peace has yet to come to the Korean people. Despite the warm wind of reconciliation blowing around the world, the Korean peninsula has remained frozen in an icy time warp. The Republic of Korea aspires to melt away the ice and reconcile with the Democratic People's Republic of Korea. It aspires to free the Korean peninsula from the final legacy of the cold war and allow it to take its rightful place in the grand march of history towards the new era. To realize this aspiration, the engagement policy of the Government of President Kim Dae-jung has been sending warm winds of sunshine to the North, in hopes that it will respond in kind. Inspired by the lessons of history and the trend of the times, this sunshine policy represents a bold shift in our thinking about South-North relations. Our engagement policy is not aimed at undermining or absorbing the North. Instead, it is a policy of cooperation, designed to help North Korea overcome its economic difficulties and promote the co-prosperity of all Koreans, so that we may finally be free from the threat of another war. It is a policy of tolerance, envisioning the peaceful coexistence of two systems along the road to eventual unification. The steady and consistent implementation of the engagement policy during the past year and a half has made meaningful and unprecedented openings in the thick wall that divides South and North Korea. South Korean businesses are investing in the North. In one such venture, over 100,000 South Korean tourists were able to visit a scenic mountain in the North for the first time since the national division. 19 Economic cooperation is also an important element in the work of the Korean Peninsula Energy Development Organization, a joint endeavour of the Republic of Korea, the United States, Japan, the European Union and many other countries to help resolve North Korea's energy- shortage problem while keeping it free of nuclear weapons. The engagement policy is being carried out in close consultation with the United States and Japan. It also has the full support of our neighbours in North-East Asia — China, the Russian Federation and Mongolia — as well as the G-7, the Association of South-East Asian Nations, the European Union and other members of the international community. South Korea is deeply grateful for their understanding and support. Still North Korea remains suspicious of our intentions. It may perceive the engagement policy as a strategy to bring about its downfall or to absorb it. Speaking in this solemn Hall, I must reiterate the genuine, good-hearted intentions of the engagement policy. The Republic of Korea has no wish to undermine North Korea or to make it a part of us. All we seek is peaceful coexistence. I make this appeal. Let us, South and North Korea, live in lasting peace. Let us together join the mainstream of history: reconciliation, cooperation and interdependence. I sincerely hope that North Korea responds to the warm sunshine we have been sending it with some warm sunshine of its own. I also hope that the North Korean authorities will take steps to fundamentally address the chronic food shortage and other difficulties that have plagued the people in the North for many years. The problems require the continued interest and assistance of the international community. Countless children in the North are suffering and dying from starvation and malnutrition, stunted growth and disease. With their right to food and life irrevocably impaired, tens of thousands of North Koreans have fled the country in search of food. The primary responsibility for redressing the situation lies with the North Korean authorities. They must face up to the enormity of the problems. We also hope that the international community will provide continued humanitarian assistance to North Korea. The Government of the Republic of Korea has actively taken part in the humanitarian efforts to help the Democratic People's Republic of Korea. We are prepared to offer far more in terms of food and fertilizer, as well as assistance to the Democratic People's Republic of Korea's agricultural restructuring. We urge the North Korean authorities to join us in dialogue for cooperation on this and other matters. North-East Asia, where the interests of the major Powers intersect, is an economic powerhouse and a region vital to global peace and stability. With the market economy taking root throughout the region, a new age of stability, cooperation and mutual prosperity is sprouting in North-East Asia. The countries of the region are becoming bound ever closer together in economic ties and interdependencies. Unhampered exchanges and cooperation are expanding far beyond the trade in goods and services to people-to-people contacts and other interactions in the fields of culture, sports, education and many others. Mutual understanding and appreciation is deepening. To further the trend, North-East Asia requires adequate mechanisms to deal with transnational issues, such as environmental pollution, drug-trafficking, refugees, organized crime and public health. There is also a need for a region-wide channel of dialogue and cooperation to defuse tension and prevent conflict. To enjoy a stable security environment and co- prosperity in the twenty-first century, the countries of North-East Asia must learn from the lessons of region-wide cooperation and integration in many other areas of the world. They must strengthen mutual trust by upgrading the mode and calibre of their dialogue and consultations. They should promptly set out to establish a dialogue forum where they can all engage in earnest exchanges of views and nurture the sense of community. The Republic of Korea stands ready to cooperate closely with the other countries of the region to launch such a mechanism for dialogue and cooperation encompassing all of North-East Asia. I urge the countries of the region to join in the efforts to translate this idea into reality. Peace and co-prosperity in North-East Asia will certainly gain from the global disarmament and non-proliferation efforts, in which the Republic of Korea has been an active participant. With the ratification of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), my country is now a party to all the key non-proliferation treaties. We call upon other countries that have yet to sign and ratify the CTBT to promptly do so, so that the Treaty can soon go into effect. We call upon all States to join in the non-proliferation efforts by acceding to all global 20 regimes, such as the Chemical Weapons Convention, aimed at combating the spread of weapons of mass destruction. A priority task for the global community will be to successfully carry out the review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) slated for next year and to revitalize the Conference on Disarmament. I urge the Democratic People's Republic of Korea, as a party to the NPT, to fulfil its responsibilities under the International Atomic Energy Agency (IAEA) safeguards agreement and to cooperate with us to implement the 1991 Joint Declaration on the Denuclearization of the Korean Peninsula. We are living in a single global community. Globalization has been good to the Republic of Korea. Without the open markets, interdependencies and instant information flow nurtured by globalization, we would not have been able to achieve the rapid economic development that we did. However, stuck in the expediencies fostered during the years of Government-driven quantitative growth, Korea neglected to strengthen the market rules in the national economy. We failed to realize that globalization requires constant efforts to reinforce the market rules — transparency, accountability, efficiency and productivity. As a result, Korea was struck by a severe economic crisis in 1997. But now we are trying to make up for past neglect. During the past year and a half, we have been undertaking sweeping and intense reforms in the key sectors of society. The reforms have required painful restructuring and sacrifices, but we have been steady and firm in putting into practice the belief that trade and investment liberalization and the strengthening of market rules are the keys to sustained economic growth and prosperity. A year ago, from this same rostrum, I spoke about the efforts of my Government and people to overcome the crisis, guided by the conviction in the parallel development of democracy and the free-market economy. Today, I am happy to report that the efforts have begun to pay off and the country is expected to achieve over 6 per cent economic growth this year, a dramatic turnaround from the -5.8 percent of last year. Other economic indicators also speak of a stable, recovering economy. Korea has learned valuable lessons from the economic crisis. We are now keenly aware that free and fair competition and good governance are essential to sustainable economic development. We also realized that a system of social welfare based on human-resources development must be established to mitigate the painful consequences of the reforms. Applying those lessons in the reform drive, we are on our way to becoming a market economy with a human face. Of course, in a globalized economy, crisis knows no borders and the efforts at preventing and coping with crisis must also extend beyond borders. In this regard, we welcome the discussions concerning the restructuring of the global financial architecture. For the discussions to be productive, the crisis-stricken countries and other emerging market economies should have extensive participation. Keeping track of the discussions for meaningful progress, we count on the continued cooperation between the United Nations and the Bretton Woods systems. One consequence of globalization has been the widening gap between the developed and the developing countries and the increasing marginalization of the least developed ones. Unattended, the disparity will only grow in the twenty-first century of unlimited competition, becoming a risk factor that could endanger global stability and peace. There is a pressing need for a new paradigm of international development cooperation, whereby the chronic poverty and excessive debts besetting the developing countries and other related issues are taken as challenges to be overcome with the active input of all members of the global community. Development is meaningless without a healthy population to reap the fruits. Thus, we welcome the joint initiative of the United Nations Children's Fund and the World Health Organization to establish the Global Alliance for Vaccines and Immunization and the Children's Vaccine Initiative. Doing its share in the efforts to save the 9 million children of the world who are dying every year from diseases that can be prevented, the Republic of Korea has hosted the International Vaccine Institute since 1994. We hope the Institute will be able to work in close cooperation with the Global Alliance and the Vaccine Initiative. In the half century since the Universal Declaration of Human Rights was adopted in 1948, the United Nations has taken the lead in forging global mechanisms for the protection and advancement of human rights around the world. The principles of universality, indivisibility and interdependence of all human rights are now widely upheld. Human rights violations, wherever they may take place, are now considered a legitimate concern of the international community. Human rights has 21 become a priority agenda of the post-cold-war global community. In the Republic of Korea, the Government of President Kim Dae Jung has made significant advances in the field of human rights. We have also been an active participant in the efforts of the United Nations and the global community to resolve concrete cases of human rights violations. While we note the advances in human rights, we must not forget that a quarter of the world's population still struggles to survive in abject poverty. Poverty undermines human dignity and human rights. Poverty is fertile ground for conflict and dictatorship. Poverty alleviation should be incorporated as a key goal in the United Nations endeavours to advance human rights around the world. We wish to see the mainstreaming of human rights in all the programmes and activities of the United Nations further expanded and deepened. Furthermore, we believe this global body should strengthen its capacity for early warning and preventive action so as to forestall massive human rights violations and the outflow of refugees. The task of advancing human rights has always benefited from the push and pull of civil society. It will be even more so in the new century as Governments and the United Nations work in closer alliance and cooperation with non-governmental organizations, research organizations and advocacy groups. Next month, some 3,000 non- governmental organization representatives will gather in Seoul to take part in the 1999 international conference of non-governmental organizations. Exploring the role of the non-governmental organizations in the twenty-first century global community, the meeting from October 11 to 15 should bring the United Nations system and civil society closer together. Let us turn our attention to the situation in East Timor. The Republic of Korea applauded the Government of Indonesia for making the decision to let the people of East Timor choose their own fate. The will of the people, as unequivocally registered on 30 August, must be upheld. The violent repression of that will is a grave challenge to the basic principle of democracy and human decency. The atrocity must not be left unpunished and law and order must be restored in East Timor. The Indonesian Government has again shown wisdom and courage in accepting the multinational peacekeeping forces under the auspices of the United Nations. We hope that peace is soon returned and that the will of the people for independence is fully implemented through the conjoined efforts of the Indonesian Government and the United Nations. The Republic of Korea will take part in the peacekeeping operations and will continue to do its share in the efforts to safeguard regional and global peace and stability. The United Nations has much work to do in the twenty-first century. The Republic of Korea deeply appreciates the reforms introduced by the Secretary-General to enhance the responsiveness of the global body to new challenges. We welcome the designation of the fifty-fifth session next year as the Millennium Assembly to identify the challenges awaiting the global community in the twenty-first century. We hope the Millennium Assembly strengthens the global leadership of the United Nations for the new age. In this regard, such thought-provoking concepts as global public goods, human security and global governance may serve to frame the discussions at the Millennium Assembly. I look to the twenty-first century as the era of the United Nations. I sincerely hope to see the global body renew itself and fulfil its missions through continuous reforms and to enhance its effectiveness and democratic character. Recalling the lofty spirit that gave birth to the United Nations half a century ago, on behalf of the Government and people of the Republic of Korea, I pledge our abiding support for the global body in its noble mission for peace and prosperity around the world.