KoreaTimes - Presidential Inauguration

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Presidential Inauguration

Tue, September 26, 2023 | 01:54

‘We Shall Open a Road to Advancement’

‘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

Image of InaugurationPresidential 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

PrivatizationPrivatization 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

PrivatizationIndependence 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

Tax CutTax 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

Slim GovernmentLee 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

Slim GovernmentSlim 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

DeregulationSupport 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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