Yoon Suk-yeol became South Korea’s 20th president on Tuesday, and used the occasion to highlight an “audacious” plan to help improve the North Korean economy if Pyongyang makes denuclearization progress.

Yoon mentioned North Korea four times in his inaugural speech – the only foreign country mentioned, aside from when he thanked foreign delegations at the ceremony.

“If North Korea genuinely embarks on a process to complete denuclearization, we are prepared to work with the international community to present an audacious plan that will vastly strengthen North Korea’s economy and improve the quality of life for its people,” Yoon said to