Word: choed
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...Cho said the new administration, the first to be democratically elected in nearly 50 years, is moving closer to free market policies. Banks will be autonomous rather than under the government's control...
While acknowledging South Korea's unemployment rate of 7.5 percent and a $150 billion debt to foreign countries, Cho was optimistic about the future. He said three factors have helped push South Korea's economic recovery: the diplomatic efforts of Kim Dae-jung, South Korea's president; international aid and the combined efforts of the people...
...plan to create one million jobs in the next two to three years and anticipate 300,000 new jobs this year," Cho said. "The government will also be providing loans to help establish small-or medium-sized businesses or home offices...
...Cho spoke of President Kim's three-tiered policy toward North Korea...
...First, we will not tolerate any military challenge of North Korea. Second, we have no intention of doing damage to North Korea or of unifying North Korea by absorbing it and third, we desire to start overall interaction and cooperation between the two sides," Cho said...