President Moon Jae-in on March 26 takes part in a G-20 videoconference on joint measures against the COVID-19 outbreak at his Cheong Wa Dae office. (Yonhap News)
The leaders of the Group of 20 (G-20) major economies have pledged joint efforts to overcome the global COVID-19 pandemic.
President Moon Jae-in and the G-20 leaders on March 26 took part in a videoconference on measures to ride out the crisis, signing a joint statement vowing a united front against COVID-19.
The statement outlined major measures such as protecting lives, jobs and income, restoring trust, maintaining financial stability, restoring the growth rate, minimizing economic and social damage, providing support to countries in need and cooperating in public health.
President Moon in the talks described Korea's preemptive and transparent quarantine efforts under the principles of openness, transparency and democracy. He also suggested ways to strengthen global solidarity and cooperation.
Member states should share their quarantine experiences and clinical data and work together to develop drugs and vaccines. The Korean government will actively cooperate with the international community to develop a vaccine for COVID-19, and assist developing countries with strengthening their responses to contagious diseases,
he said.
We need to strengthen the global financial safety net and cooperate to stabilize the economy in underdeveloped and poor nations. Maintaining economic exchanges between countries is crucial to minimize the negative impact of COVID-19 on the global economy.