Seoul, Jul 22 (IANS): South Korean President Yoon Suk-yeol instructed the Unification Ministry on Friday to prepare the details of his "audacious plan" to revive North Korea's economy in the event it accepts denuclearisation, a spokesperson said.

Yoon outlined the plan in his inauguration speech on May 10, saying that if North Korea genuinely embarks on a process to complete denuclearisation, South Korea will be prepared to present an "audacious plan" to vastly strengthen North Korea's economy and improve the quality of life for its people.

On Friday, he called for details of the plan during a policy briefing by Unification Minister Kwon Young-se, Yonhap news agency reported.

"He said he hopes they will consult with relevant agencies and make thorough preparations regarding realistic measures for the audacious proposal, which will be offered to North Korea in the event it accepts actual denuclearisation," Deputy Presidential spokesperson Lee Jae-myoung told reporters after the meeting.

The President also asked the Minister to quickly push for the launch of the North Korean Human Rights Foundation, which has been delayed for years amid the National Assembly's stalling.

Yoon added that the Constitution calls for a process of inter-Korean unification led by the people of both the South and the North.

He also stressed the importance of maintaining humanitarian and cultural exchanges between the Koreas, especially among young generations, and asked the Minister to work to boost exchanges in the arts, sports and communications.

The President further called for strengthening the Unification Ministry's capacity to judge and analyse its unification strategy, Lee said.