South Korea to participate in working group for Ukraine Peace Formula

According to Yonhap, a representative of the South Korean president’s administration said this on Wednesday.

The decision came while National Security Adviser Cho Tae-yong was visiting Saudi Arabia last weekend to take part in multinational peace talks concerning Ukraine. The meeting was attended by the national security advisers of 45 nations, with most of them expressing their commitment to ending the war and quickly restoring peace in Ukraine.

At the meeting in Saudi Arabia, participants also agreed to continue discussions on holding a similar gathering in the future and realizing a Peace Formula Summit as proposed by Zelensky.

"In line with one of the key points of the Ukraine Peace and Solidarity Initiative we proposed, we will take part in the Peace Formula working group," the official said.

The publication reminds that under the initiative announced during President Yoon Suk Yeol's surprise visit to Ukraine last month, South Korea pledged to provide a package of security, humanitarian and reconstruction assistance to Ukraine, which included encouraging key developing nations to participate in the envisioned Peace Formula Summit.

South Korea reportedly hopes its participation in the working group will help its businesses take part in large-scale reconstruction projects in post-war Ukraine.

As reported by Ukrinform, Andriy Yermak, the head of the Office of the President of Ukraine, has said he is sure that the meeting in Jeddah will go down in history, because it proved that more and more countries are ready to work on the Ukrainian Peace Formula and the isolation of Russia is growing.

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