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Presidential Inauguration

Tue, July 5, 2022 | 06:35

‘We Shall Open a Road to Advancement’

I have received your call and today, I stand here before you as the 17th-term President of the Republic of Korea.

Jong-eun2008-02-25 22:39

[Image of Inauguration] Presidential Inauguration

An official of the Ministry of National Defense fixes the position of President Lee Myung-bak’s portrait on the wall of the ministry’s conference room.

2008-02-25 22:27

Budget Reduction Planned to Restore Fiscal Soundness

The new government plans to cut state budget by 10 percent next year through the removal of wasteful spending in a bid to restore fiscal health.

2008-02-25 22:11

[Privatization] Privatization of State Firms to Gather Steam

The new government is seeking to raise the financial industry's global competitiveness by privatizing state-owned lenders and easing rules on investment in financial firms.

2008-02-25 22:08

[Privatization] Independence of Central Bank Will Be Tested Under New Leader

The new government's growth-oriented policy is likely to affect the central bank's hawkish monetary stance, pushing it to adopt growth-spurring measures despite inflation risks.

2008-02-25 22:06

[Tax Cut] Tax Cuts Eyed to Fuel Economic Growth

The Lee Myung-bak administration will likely choose tax cuts as a primary tool to achieve higher economic growth and strengthen the country's long-term potential.

2008-02-25 22:03

Bear Rampages Through Seoul Stock Markets

It's a bird, it's a plane, no, it's what all investors most fear ― a bear. Over the past two years, the stock market enjoyed a bullish run with investors reaping high gains either through direct or indirect investments.

2008-02-25 22:01

[Slim Government] Lee Seeks Small Government, Big Market

President Lee Myung-bak's economic policies are based on a ``small government, leaving it to the market.''

2008-02-25 21:57

[Slim Government] Slim Government, Big Market Are Global Trend

President Lee Myung-bak pledged to introduce a small government and big markets. According to the Samsung Economic Research Institute (SERI), successful economic reformers around the world chose small government, helping their countries make a leap forward.

2008-02-25 21:54

[Deregulation] Support for Small Firms to Get Big Boost

The new government is expected to focus more on creating solid partnerships between large, and small- and medium-sized companies (SMEs) as President Lee Myung-bak's economic policymakers have generally agreed that strong relationships between the firms will be one of the keys to making the country ``business friendly.''

2008-02-25 21:51

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