Subtitles section Play video Print subtitles The President: Assembly Speaker Chung, distinguished members of this Assembly, ladies and gentlemen: Thank you for the extraordinary privilege to speak in this great chamber and to address your people on behalf of the people of the United States of America. In our short time in your country, Melania and I have been awed by its ancient and modern wonders, and we are deeply moved by the warmth of your welcome. Last night, President and Mrs. Moon showed us incredible hospitality in a beautiful reception at the Blue House. We had productive discussions on increasing military cooperation and improving the trade relationship between our nations on the principle of fairness and reciprocity. Through this entire visit, it has been both our pleasure and our honor to create and celebrate a long friendship between the United States and the Republic of Korea. This alliance between our nations was forged in the crucible of war, and strengthened by the trials of history. From the Inchon landings to Pork Chop Hill, American and South Korean soldiers have fought together, sacrificed together, and triumphed together. Almost 67 years ago, in the spring of 1951, they recaptured what remained of this city where we are gathered so proudly today. It was the second time in a year that our combined forces took on steep casualties to retake this capital from the communists. Over the next weeks and months, the men soldiered through steep mountains and bloody, bloody battles. Driven back at times, they willed their way north to form the line that today divides the oppressed and the free. And there, American and South Korean troops have remained together holding that line for nearly seven decades. (Applause) By the time the armistice was signed in 1953, more than 36,000 Americans had died in the Korean War, with more than 100,000 others very badly wounded. They are heroes, and we honor them. We also honor and remember the terrible price the people of your country paid for their freedom. You lost hundreds of thousands of brave soldiers and countless innocent civilians in that gruesome war. Much of this great city of Seoul was reduced to rubble. Large portions of the country were scarred -- severely, severely hurt -- by this horrible war. The economy of this nation was demolished. But as the entire world knows, over the next two generations something miraculous happened on the southern half of this peninsula. Family by family, city by city, the people of South Korea built this country into what is today one of the great nations of the world. And I congratulate you. (Applause) In less than one lifetime, South Korea climbed from total devastation to among the wealthiest nations on Earth. Today, your economy is more than 350 times larger than what it was in 1960. Trade has increased 1,900 times. Life expectancy has risen from just 53 years to more than 82 years today. Like Korea, and since my election exactly one year ago today, I celebrate with you. (Applause) The United States is going through something of a miracle itself. Our stock market is at an all-time high. Unemployment is at a 17-year low. We are defeating ISIS. We are strengthening our judiciary, including a brilliant Supreme Court justice, and on, and on, and on. Currently stationed in the vicinity of this peninsula are the three largest aircraft carriers in the world loaded to the maximum with magnificent F-35 and F-18 fighter jets. In addition, we have nuclear submarines appropriately positioned. The United States, under my administration, is completely rebuilding its military and is spending hundreds of billions of dollars to the newest and finest military equipment anywhere in the world being built, right now. I want peace through strength. (Applause) We are helping the Republic of Korea far beyond what any other country has ever done. And, in the end, we will work things out far better than anybody understands or can even appreciate. I know that the Republic of Korea, which has become a tremendously successful nation, will be a faithful ally of the United States very long into the future. (Applause) What you have built is truly an inspiration. Your economic transformation was linked to a political one. The proud, sovereign, and independent people of your nation demanded the right to govern themselves. You secured free parliamentary elections in 1988, the same year you hosted your first Olympics. Soon after, you elected your first civilian president in more than three decades. And when the Republic you won faced financial crisis, you lined up by the millions to give your most prized possessions -- your wedding rings, heirlooms, and gold "luck keys" -- to restore the promise of a better future for your children. (Applause) Your wealth is measured in more than money -- it is measured in achievements of the mind and achievements of spirit. Over the last several decades, your scientists of engineers -- have engineered so many magnificent things. You've pushed the boundaries of technology, pioneered miraculous medical treatments, and emerged as leaders in unlocking the mysteries of our universe. Korean authors penned roughly 40,000 books this year. Korean musicians fill concert halls all around the world. Young Korean students graduate from college at the highest rates of any country. And Korean golfers are some of the best on Earth. (Applause) In fact -- and you know what I'm going to say -- the Women's U.S. Open was held this year at Trump National Golf Club in Bedminster, New Jersey, and it just happened to be won by a great Korean golfer, Sung-hyun Park. An eighth of the top 10 players were from Korea. And the top four golfers -- one, two, three, four -- the top four were from Korea. Congratulations. (Applause) Congratulations. And that's something. That is really something. Here in Seoul, architectural wonders like the Sixty-Three Building and the Lotte World Tower -- very beautiful -- grace the sky and house the workers of many growing industries. citizens now help to feed the hungry, fight terrorism, and solve problems all over the world. And in a few months, you will host the world and you will do a magnificent job at the 23rd Olympic Winter Games. Good luck. (Applause) The Korean miracle extends exactly as far as the armies of free nations advanced in 1953 -- 24 miles to the north. There, it stops; it all comes to an end. Dead stop. The flourishing ends, and the prison state of North Korea sadly begins. Workers in North Korea labor grueling hours in unbearable conditions for almost no pay. Recently, the entire working population was ordered to work for 70 days straight, or else pay for a day of rest. Families live in homes without plumbing, and fewer than half have electricity. Parents bribe teachers in hopes of saving their sons and daughters from forced labor. More than a million North Koreans died of famine in the 1990s, and more continue to die of hunger today. Among children under the age of five, nearly 30