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Pres. Lee Says His Government's Priority Is Shifting to Curbing Inflation

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공표년도

창작년도

2011-03-10

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Amid growing inflationary pressure and uncertainties caused by unrest in the Middle East‚ President Lee Myung-bak has stressed that his administration will focus its priorities on tackling inflation rather than economic growth.
During the 81st People's Economic Strategy Meeting held Thursday‚ the President‚ who set the goal this year of achieving five percent economic growth and keeping the inflationary level at three percent‚ announced that his government must now fully focus on curbing inflation.
[Interview : President Lee Myung-bak] "We have been left with no other choice but to concentrate all efforts on state affairs with more serious attention to inflation."
He said Korea is prone to hard hits by high international oil and commodity prices‚ since the country imports all its oil demands‚ making it susceptible to fluctuations in international prices.
President Lee added that saving energy is the most effective way of reining in the soaring energy prices‚ and stressed the importance of motivating the Korean people to voluntarily take part in efforts.
He suggested cutting down vehicle running time by 10 percent and using public transportation more.
[Reporter : Yoo Ji-hae
julz1201@arirang.co.kr] "The Korean leader also expressed his concern over the escalation in food prices‚ especially agricultural goods‚ largely prompted by the global climate change.
However‚ he speculated that they will begin to stabilize when the weather warms up in April.
Yoo Ji-hae‚ Arirang News."
Reporter : julz1201@arirangtv.com

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