Sept. 24 (UPI) -- South Korean President Lee Jae Myung on Tuesday pledged "to end the vicious cycle of unnecessary inter-Korean military tension and hostile acts," while unveiling a peace initiative that includes a "phased solution" to denuclearizing North Korean.

Lee made the remarks during his debut address before the United Nations General Assembly in New York.

While highlighting his administration's efforts to improve relations with the North, Lee proposed a new dialogue initiative centered around "exchange, normalization and denuclearization," which he described with the acronym "END."

South Korea "will end the Cold War on the Korean Peninsula through the END initiative and fulfill its responsibility and role to contribute to world peace and prosperity," Lee said.

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