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Secretaryof Defense Lloyd J. Austin III underscored the United States' unwavering commitment to maintaining peace and security on the Korean Peninsula during talks today with South Korean Defense Minister Shin Won-sik in Seoul, South Korea.

The two leaders met alongside their respective delegations at the South Korean Ministry of National Defense headquarters as part of the 55th Security Consultative Meeting, an annual capstone event marking the long-standing U.S.-South Korean defense relationship.

"We have been tested time and again, and we have met every challenge," Austin said. "Together, we've built one of the most robust, capable and interoperable alliances on earth. We have deterred greater conflict on the Korean Peninsula for seven decades. If necessary, we remain ready to fight tonight."

This year's meeting comes on the heels of a commitment by President Joe Biden and South Korean President Yoon Suk Yeol to further bolstering the U.S.-South Korean alliance amid growing nuclear threats posed by North Korea.

The Washington Declaration, unveiled during Yoon's official visit to Washington in April, outlines the two countries' commitment to engage in deeper dialogue and information sharing to strengthen nuclear deterrence efforts on the peninsula.

The document announced the establishment of a nuclear consultative group and further underscores the United States' commitment to extended deterrence backed by the full range of U.S. capabilities, including nuclear capabilities.

Austin noted during today's talks that, in the months following the declaration, a U.S. ballistic missile submarine conducted a port visit in South Korea for the first time in 40 years. The USS Ronald Reagan Carrier Strike also recently completed a port visit, and, last month, the U.S. landed a B-52 Stratofortress bomber on the Korean Peninsula for the first time this century.

"We will continue to do the things we promised to do," Austin said in a news conference following the daylong talks. "In the past 12 months, we've transformed our posture in the region. We are more forward deployed and more capable to respond to anything that could happen."

During today's session, the leaders also codified their vision for the future of the alliance. In a joint vision statement, they recognized the alliance as a "staple for peace and stability on the Korean Peninsula and in the Indo-Pacific region and a stalwart protector of international norms."

Austin and Shin outlined three key priorities driving the future of the alliance. Those include: deterring strategic attacks from hostile actors in the region, modernizing each nation's capabilities to strengthen the combined defense architecture of the alliance, and strengthening solidarity and defense cooperation with like-minded partners in the region.

"Our vision is that of a peaceful Korean Peninsula and a free and open Indo-Pacific region in which the United States and [South Korea] stand together at the forefront of tackling the most significant and consequential security challenges," the document reads.

President Yoon and President Biden express grave concern over the human rights situation in the DPRK. The two Presidents also reaffirm their commitment to facilitate the provision of humanitarian aid to the most vulnerable North Koreans. Both leaders express concern over the recent COVID-19 outbreak in the DPRK. The ROK and the U.S. are willing to work with the international community to provide assistance to the DPRK to combat the virus.

President Yoon and President Biden recognize that the future of the Alliance will be defined by common efforts to address 21st century challenges. In this vein, the two Presidents pledge to deepen and broaden cooperation on critical and emerging technologies, and cyber security. Both leaders also pledge to develop, use, and advance technologies in line with shared democratic principles and universal values.

President Yoon and President Biden recognize the importance of deepening cooperation on economic and energy security, which are critical to safeguarding our prosperity, shared security, and collective interests. To support these initiatives, the two Presidents will direct respective National Security Councils to launch an economic security dialogue aimed to align the bureaucratic and policy approaches between the two governments.

Fully recognizing that scientists, researchers, and engineers of the ROK and the U.S. are among the most innovative in the world, the two Presidents agree to leverage this comparative advantage to enhance public and private cooperation to protect and promote critical and emerging technologies, including leading-edge semiconductors, eco-friendly EV batteries, Artificial Intelligence, quantum technology, biotechnology, biomanufacturing, and autonomous robotics. Moreover, the two Presidents also reaffirm their active support for people-to-people exchanges between experts in these fields. To this end, the two Presidents agree to work together to enhance partnership on these critical and emerging technologies in both countries through the promotion of investment as well as research and development cooperation. Recognizing the growing potential for ROK-U.S. cooperation in the defense industry, the two leaders agree to strengthen partnerships in areas such as defense sector supply chain, joint development and manufacturing, including beginning discussions on a Reciprocal Defense Procurement agreement.

Secure, sustainable, and resilient global supply chains are foundational to these efforts. Building upon international cooperation fostered by the U.S.-led Summit on Global Supply Chain Resilience, and by working closely together in the upcoming Ministerial-level summit, the two Presidents agree to continue working together to tackle immediate and long-term challenges in the supply chain ecosystem. Both leaders agree to strengthen the resiliency and diversity of these networks including by cooperating on early warning systems to detect and address potential supply chain disruptions and working together to address sourcing and processing of critical minerals. The two Presidents also agree to establish a regular ministerial-level Supply Chain and Commercial Dialogue to discuss promotion of resilient supply chains of key products, including semiconductors, batteries, and critical minerals. Both leaders also agree to enhance cooperation between our foreign investment screening and export control authorities related to critical technologies, which is necessary to prevent the use of advanced technologies to undermine our national and economic security.

President Yoon and President Biden agree that the Korea-U.S. Free Trade Agreement (KORUS), which celebrated its 10th anniversary this year, remains the foundation of our economic relationship. To promote sustainable growth and financial stability, including orderly and well-functioning foreign exchange markets, the two Presidents recognize the need to consult closely on foreign exchange market developments. The two Presidents share common values and an essential interest in fair, market-based competition and commit to work together to address market distorting practices.

Acknowledging the existential threat posed by climate change, President Yoon and President Biden reaffirm their commitments to their announced nationally determined contributions under the Paris Agreement including the 2030 greenhouse gas reduction targets and 2050 net zero emission goals with strong efforts to align policies across sectors. The two Presidents also agree to enhance cooperation to address methane emissions globally, recognizing the importance of the Global Methane Pledge and rapid global action needed to address methane. The two Presidents also decide to strengthen cooperation in clean energy fields such as hydrogen, clean shipping, accelerated deployment of zero-emissions vehicles (ZEVs) and aligning international financial flows with global net zero emissions by 2050 and deep reductions in the 2020s.

President Yoon and President Biden will continue to deepen ROK-U.S. cooperation on regional and international cyber policy, including cooperation on deterring cyber adversaries, cybersecurity of critical infrastructure, combatting cybercrime and associated money laundering, securing cryptocurrency and blockchain applications, capacity building, cyber exercises, information sharing, military-to-military cyber cooperation, and other international security issues in cyberspace.

President Yoon and President Biden share the view that the Alliance has matured into a deep and comprehensive strategic relationship. Through our close ties between the two dynamic populations, extensive economic and investment links, and commitment to democracy, human rights, and the rules-based international order, the ROK and the U.S. are charting a path toward a relationship that is capable of meeting any challenge and seizing all the opportunities presented before us. President Yoon and President Biden jointly recognize the importance of our shared commitments and pledge to work tirelessly to broaden and deepen our ties to position us to succeed in a rapidly changing world.

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Secretary of Defense Lloyd J. Austin III praised the international alliance committed to securing lasting peace on the Korean Peninsula as United Nations Command member states gathered today for the coalition's inaugural defense ministers' meeting in Seoul, South Korea.

"Seventy years after the Korean Armistice Agreement was signed, your presence here today makes it clear that we all share an interest in maintaining peace and stability on this peninsula," the secretary said during a ceremony kicking off the summit.

More than 20 countries contributed combat forces and medical assistance to the effort, and the international coalition has maintained a lasting presence on the Korean Peninsula under the United Nations flag.

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