Lee Myung-bak

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Two years ago, following the gravest global financial crisis since the Great Depression, leaders of the world's most powerful economies acted together and redefined the way the global economy is managed. They scheduled periodic Group of 20 summit meetings, recognizing the need to include the world's major developing economies if we are to lift the world from its slump.

Now we approach a milestone as my country, Korea, steps forward to become the first "emerging economy" to host a G-20 summit. As we welcome President Obama and other world leaders to Seoul this week, we have been debating how to "rebalance" the global economy and reform financial institutions - all challenging subjects.…  Seguir leyendo »

Editorial page editor Fred Hiatt interviewed President Lee Myung-bak in Seoul on April 7. A translation and transcript of President Lee's remarks were provided by his staff:

Q: What do you hope to accomplish on your trip to Washington?

A: I think President Obama convening the very first nuclear summit meeting in Washington, D.C., is very significant. . . . I believe it's going to contribute a lot to bringing about global security and safety, especially [as] we are all concerned about the development of, let's say, small, suitcase-sized nuclear weapons, because the threat is very real that these materials or weapons can proliferate to terrorist organizations or rogue states, so to speak.…  Seguir leyendo »