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Tuesday, January 15, 2008

 

Lee pledges conditional help for North Korea 


SEOUL: South Korea’s conservative president-elect said Monday that he is willing to meet North Korea’s reclusive leader and promised the communist state major economic assistance if it abandons its nuclear ambitions.

Lee Myung-Bak, in a press conference setting out policy goals, also vowed to revive his own country’s economy by wooing investment and cutting red tape, saying he believes six-percent growth is possible this year.

The former construction CEO will be the country’s first president from a business background but his transition is overshadowed by a criminal inquiry into fraud allegations.

Lee, who has promised a firmer line with the nuclear-armed North, said he is willing to meet its leader Kim Jong-Il after taking office on February 25.

“The leaders of the two Koreas can meet any time they believe it will help North Korea abandon its nuclear weapons and will also help both Koreas,” he said, adding that any future summit should be held in the South.

The previous two summits, in 2000 and last October, were held in Pyongyang. Lee said he would review sweeping economic joint projects announced last October.

He offered the impoverished North major economic cooperation if it honors an international pledge to scrap its nuclear programs.

He promised to strengthen Seoul’s alliance with the United States and said this would also help the North reconcile with its traditional enemy Washington.

Lee pledges to raise annual growth to seven percent during his five-year term. The central bank said last month it expects gross domestic product to expand by 4.7 percent in 2008 compared to 4.8 percent estimated for 2007.

His administration “will focus on deregulation as well as downsized government. Regulations which hamper investment should be removed first.”

Lee promised a “slim and efficient government” after five years in which the number of government officials has risen by 56,000.
--AFP

   

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Severino O. Frayna Jr., Benjie Dela Rosa
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