SEOUL, Aug. 15 (UPI) -- South Korean President Lee Jae Myung pledged to "respect" North Korea's political system and said Seoul would not seek unilateral reunification in a speech to mark the 80th anniversary of the liberation of the Korean Peninsula on Friday.

"We affirm our respect for the North's current system, aver that we will not pursue any form of unification by absorption and assert that we have no intention of engaging in hostile acts," Lee said in a ceremony at the Sejong Center for the Performing Arts in Seoul.

Liberation Day commemorates the end of Japan's 1910-1945 colonial rule of Korea. The holiday is also celebrated in North Korea.

Lee's administration has made efforts to improve relations between the two Koreas since he took office in June. In his speech Friday, he drew a sharp contrast with his predecessor, ousted President Yoon Suk Yeol, who took a hardline approach in dealing with the North.

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