31 Dec '11, 8am

South Korea's Lee vows to tame inflation, create jobs

South Korea's Lee vows to tame inflation, create jobs

South Korea's President Lee Myung Bak said on Saturday that taming inflation and creating jobs would be two of his priorities next year, along with protecting the country. -- PHOTO: AP SEOUL (AFP) - South Korea's President Lee Myung Bak said on Saturday that taming inflation and creating jobs would be two of his priorities next year, along with protecting the country. Mr Lee said in a New Year message the situation on the Korean peninsula would be fluid next year. He made no direct reference to North Korea's change of leadership from Kim Jong Il, who died on Dec 17, to his son Jong Un. Pyongyang's new regime on Friday threatened retaliation against Seoul for its perceived slights during mourning for Kim Jong Il, and vowed never to deal with Mr Lee and fellow 'traitors'. Mr Lee said his government, which has less than 14 months still in office, would make 'utmost efforts to...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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