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Latest Lee Myung-bak Stories

2010-12-06 11:55:00

MILWAUKEE, Dec. 6, 2010 /PRNewswire-USNewswire/ -- Association of Equipment Manufacturers President Dennis Slater issued a statement today following the President's announcement of an export agreement with South Korea: "On behalf of America's equipment manufacturing industry, we applaud President Obama and President Lee Myung-bak of South Korea on reaching a pro-American export agreement that is expected to increase annual exports of American goods by up to $11 billion and support at least...

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2010-04-28 06:45:43

Work on the Saemangeum Seawall--the longest man-made dyke in the world--has officially been completed, South Korean officials announced on Tuesday. Located on the southwestern coast of the Korean peninsula, the 21 mile seawall encloses approximately 160 square miles of seawater between the Yellow Sea and the Saemangeum estuary. During a television broadcast announcing the completion of the dyke, South Korean President Lee Myung-Bak called it "the largest-ever engineering project in this...

2009-07-06 16:27:16

South Korean officials have announced plans to create nearly 2 million green jobs during the next five years. The office of President Lee Myung-bak announced Monday that officials are aiming to make South Korea one of the top seven nations for green growth by 2020, the Yonhap News Agency reported Monday. Based on our past development experience that made possible the country's intensive development, but with more details than the economic development plans of the past, the five-year green...

2009-04-22 07:44:09

A South Korean parliamentary committee approved a free trade agreement with the United States, sending the deal to a plenary session for ratification. The free trade agreement, signed in June 2007, has found opposition in both countries, Yonhap news reported Wednesday. Before the vote in Seoul, opposition lawmakers held a press conference asking representatives to postpone the vote until lawmakers in Washington appeared more likely to endorse it. They also reviewed concerns over a lack of...

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2009-04-21 10:40:00

South Korean President Lee Myung-bak Tuesday said the country was taking unprecedentedly swift measures to dig itself out of the economic downturn. Lee told members of the Cabinet, The reason the OECD (Organization for Economic Co-operation and Development) predicted the speed of Korea's economic recovery will be the fastest is because we are taking unprecedentedly swift measures, his spokesman Lee Dong-kwan told reporters. The president called for guarded optimism. We must continue to...

2009-04-17 17:24:25

South Korean officials said Friday they have created a plan to boost the nation into the top three countries for robotics technology and applications by 2013. The officials said the plan was finalized Friday at a meeting of the National Science and Technology Council that was chaired by President Lee Myung-bak, The Korea Times reported Friday. The Robot Special Act, which calls for a $750,000 investment in research and development, aims to propel South Korea into the top three nations for...

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2009-03-23 15:15:00

South Korea's Presidential Council on Future and Vision said an initiative called the Human New Deal is aimed at supporting the country's middle class. The government "¦ believes a country with a strong middle class can overcome the economic crisis at an early date and secure an advantageous basis for a leap after the crisis, the council said in a statement, Yonhap News Agency reported Monday. It is important to bring people out of poverty, President Lee Myung-bak said. He called the...

2009-01-07 13:03:28

A media workers' union in South Korea halted its strike Wednesday while the passage of a law allowing new firms to own television networks was put on hold. Members of the National Union of Media Workers, including well-known news anchors, have boycotted work since late December, Yonhap reported Wednesday. Workers objected to President Lee Myung-bak's media reform bill, which would allow large companies, including newspapers, to buy television networks. The union also threatened to strike...

2009-01-05 08:04:45

South Korean President Lee Myung-bak will head a new council intended to combat the economic downturn, a government spokesman said. The council made up of bank officials and economic ministers will meet weekly in an Emergency Economic Situation Room, which presidential spokesman Lee Dong-kwan called the war room, Yonhap news agency reported Monday. In his New Year's speech last week, Lee said he would run an emergency economy government. We are trying to speed things up because we are facing...

2008-12-27 15:35:29

South Korean President Lee Myung-bak said Saturday his country will suffer its first period of negative economic growth in a decade. Lee blamed the situation on the global financial problem, Yonhap News Agency reported. On an annual basis, Korea may attain some economic growth, but may undergo economic contraction in the first and second quarters, Lee said. Few countries worldwide will attain economic growth between the fourth quarter of 2008 and the first quarter of 2009. The Korean economy...