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New South Korean president vows to boost prosperity in both Koreas

New South Korean president vows to boost prosperity in both Koreas

New South Korean President Lee Myung-bak took office Monday with a promise to boost prosperity not only in his own country but in North Korea as well provided the communist state abandons its nuclear weapons.
"Economic revival is our most urgent task," Lee said in his inaugural speech after taking the oath of office as South Korea's first conservative president in a decade.
South Koreans gave the former high-profile construction executive _ nicknamed "The Bulldozer" for his can-do image _ a landslide victory in December's election on his pledge to revitalize the economy and take a less conciliatory approach to nuclear-armed North Korea.
"We must move from the age of ideology into the age of pragmatism," Lee told some 60,000 people who gathered for his inauguration, taking a swipe at the past 10 years of liberal rule during which he said "we found ourselves faltering and confused."
Bursts of applause from the audience often interrupted Lee's address in front of the dome-roofed National Assembly building on a cold, overcast day.
The ceremony included a military parade, a 21-gun salute and a choir singing Beethoven's "Ode to Joy."
U.S. Secretary of State Condoleezza Rice and Japanese Prime Minister Yasuo Fukuda were among dignitaries at the ceremony.
Lee, 66, also called for a stronger alliance with top ally Washington, a relationship that sometimes frayed under predecessor Roh Moo-hyun, and implored North Korea to forgo its nuclear ambitions and open up to the outside world.
Lee said he would launch massive investment and aid projects in the North to increase its per capita income to US$3,000 (euro2,000) within a decade "once North Korea abandons its nuclear program and chooses the path to openness."
In his first meeting with a foreign leader as president, Lee and Japan's Fukuda agreed to hold regular summits and consider reviving stalled free trade talks, both sides said, raising hopes of friendlier relations following strained ties in recent years.
Lee later met with senior Chinese foreign policy adviser Tang Jiaxuan, asking Beijing to "play a role in getting North Korea to fulfill its commitments" under a stalled nuclear disarmament deal, Lee's spokesman said.
So-called six-party talks aimed at North Korea's denuclearization reported significant progress last year after Pyongyang shut down its main nuclear reactor and began disabling key atomic facilities.
The negotiations _ which involve the two Koreas, China, Japan, the U.S. and Russia _ have stalled in recent months, however, because of a dispute over whether Pyongyang kept its promise to declare all its nuclear programs by the end of December.
In a separate meeting, Lee and Rice agreed to strengthen cooperation within the framework of the six-party talks, officials from both countries said.
During a speech at a banquet celebrating his inauguration late Monday, Lee said fully resolving the nuclear issue was likely to take time.
"There was some progress in the six-party talks but there is still a long way to go toward the dismantlement of North Korea's nuclear" weapons programs, he said.
Though Lee has vowed to broadly continue Seoul's long-standing policy of seeking detente with the North, he has said he will approach the country with a more critical eye.
His liberal predecessors _ Roh and Kim Dae-jung _ were accused by critics of showering unconditional aid and concessions on the North as part of reconciliation efforts while getting little in return.
Still, Lee said he is willing to meet North Korean leader Kim Jong Il whenever necessary. His two predecessors traveled to Pyongyang for summits.
North Korea has made no comment on Lee since his election.
Lee is the 10th man to serve as South Korea's president and the first to come from a business background.
He wooed voters by promising to reach annual economic growth of 7 percent, double the country's per capita income to US$40,000 (euro27,000) over a decade and make South Korea one of the world's top seven economies.
South Korea's economy grew 4.9 percent last year and 5 percent the year before, but Lee says it has underperformed.
"One of the sternest challenges Mr. Lee will face is the weight of expectations he has manufactured," Daniel Melser, senior economist at Moody's Economy.com, said in a report Monday, adding that "global economic conditions have soured even since Lee made this promise late last year."
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Associated Press writers Hyung-Jin Kim, Kelly Olsen, Matthew Lee and Kwang-Tae Kim in Seoul contributed to this report.


Updated : 2021-04-21 01:51 GMT+08:00