Lee Myung-Bak

South Korea to invest $90 million to revive its stem cell research

South Korea to invest $90 million to revive its stem cell research

In a Friday announcement, South Korean President Lee Myung-bak said that his government intends making a $90-million investment for reviving its stem cell research program in 2012.

President of South Korea is optimistic about the trade deal with the US

President of South Korea is optimistic about the trade deal with the US

On Wednesday the South Korean President, Mr. Lee Myung-bak expressed his confidence that the United States and South Korea can square up a free trade deal which has been put on hold for quite some time.

He did not give any hint of sorting out main differences regarding autos and beef just before his meeting with the American President, Mr., Barack Obama.

President Lee says economic contraction in South Korea in 2009 first half

It will be for the first time since the Asian financial crisis of 1997 that the South Korean economy may shrink during the first half of the coming year! Yonhap news agency reports say President Lee Myung-Bak has expressed apprehension that the country's economy could also "hit bottom in the first half", before it rebounds in the second half of the next year.

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