S.Korean president vows to overcome financial crisis in 3 years
25/11/2008 16:48
South Korean President Lee Myung-bak said the ongoing global financial
crisis can be overcome in three years, South Korea's Yonhap News Agency reported
today.
"The economic crisis will someday be resolved. The speed of recovery
can differ from country to country, but it won't last longer than three years,"
Lee was quoted as saying by Yonhap.
Lee made the remarks at a meeting with
South Korean residents living in Los Angeles.
"The critical moment will come
next year, as South Korean exporters are expected to suffer badly from a
worldwide slump in consumption. But I'm convinced Korea will be the first to
escape the crisis. In two to three years, the world will be witnessing Korea
attain greater advancement after recovering from the crisis, " said Lee, who is
conducting a two-day visit to LA on his way back home after wraping up his tour
to Latin America.
Lee is set to arrive in Seoul late today.
Xinhua
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