Well when I was young, actually not just me, but we were all poor. Korea used to be one of the poorest countries in the world. Despite such circumstances, I was very, very fortunate to be blessed with having parents who always instilled in a spirit of can-do spirit.
Korea is an open society and we will make sure that there is no restriction on foreign investment in Korea.
I plan to eliminate the equity cap in investment, and I also plan large-scale deregulation to meet global standards.
I plan to lower corporate taxes to create an environment that encourages companies to invest more.
One of the most important reasons for North Korea continuing its nuclear ambitions is to consolidate the power to stay within the Kim Jong Il family.
The endgame is peaceful reunification of the Korean peninsula.
The role of G-20 is to support the global economy to achieve strong, sustainable and balanced growth.
I think it's safe to say that it's rather premature for anyone to make any initial assessment or analysis of Kim Jong-un, or have an accurate impression on Kim Jong-un.
From the Chinese perspective, Korea ranks about third or fourth in terms of trading volume and about third in terms of investment.
I plan to eliminate regulations that hinder domestic companies, particularly large conglomerates from investing in other companies.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
Fiscal crises often turn into financial crises, dealing a blow to the real economy.
For us, from Korea's perspective, China is the number one investment destination as well as number one trading partner.
If we are to assume that North Korea becomes a nuclear-power state, of course the danger of having an all-out nuclear war, that possibility is very slim.
My wife, well she has extensive experience, because before becoming the first lady, she was the wife of the CEO of a large conglomerate. So I have very high hopes that she will carry out her job successfully as first lady of the Republic of Korea.
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