Seoul Mayor Park Won-soon on Tuesday said he is considering running in next year's presidential election, adding there must be a change in the regime in order to overcome the economic and security challenges.

"Next year's presidential race is very important. There must be a change in power," Park said during a meeting with the Korean-American community in New York.

When asked if Park plans to run for presidency, the mayor declined to give a direct answer but said he is deliberating on the matter.

Along with Moon Jae-in, who lost against incumbent President Park Geun-hye, the mayor is also considered to be a key potential candidate for the main opposition Minjoo Party of Korea.

Concerning inter-Korean matters, Park said South Korea should take more pragmatic approaches.