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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: SKorea's Lee strikes sombre note on election anniversary AFP - Friday, December 19 SEOUL (AFP) - - South Korean President Lee Myung-Bak, who won a decisive election victory a year ago as the "economy-first" candidate, struck a sombre note Friday as he marked the anniversary amid a global downturn. "Economies across the world are now in dire conditions," Lee said during visits to the port of Incheon, west of Seoul, and to a car plant. "Economic times will be very severe over the next one to two years. Let's share and endure the pain together." The conservative party candidate secured a record victory margin over his liberal opponent in the December 19, 2007 election but has endured a torrid time in office since his February inauguration. A pledge to raise growth to seven percent during his single five-year term looks increasingly unattainable, with gross domestic product officially tipped to increase by three percent next year. Lee's government was shaken by mass street protests this summer against US beef imports, and relations with communist North Korea are at their frostiest for years. The president also celebrated his 67th birthday and his 38th wedding anniversary Friday. Port workers congratulated Lee after breakfasting with him, Yonhap news agency reported. Lee, the country's first president from a business background, urged Koreans to use the crisis as an opportunity to reform backward labour practices and upgrade national competitiveness. "Only a country choosing to overhaul its economic structure will survive the crisis," he said. Lee, who toured a GM Daewoo plant, also expressed willingness to support struggling local automakers if necessary. "General Motors of the US is now too ill to be rescued through infusion of taxpayer money," Yonhap quoted him as saying. "But the situation of GM Daewoo is different. It is one of the world's best-performing GM car plants... I'm convinced this GM plant in Korea should be kept alive." The firm on December 1 began a one-month shutdown of its main plant amid a slump in sales. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Missiles kill 8 in northwest PakistanAP - 16 minutes ago Malaysia aims to double its wild tiger populationAP - 29 minutes ago Japan asked US prepare for nuclear strike on China: archivesAFP - 1 hour 12 minutes ago Indian doctor hopes Australian terror probe will vindicate him: lawyerAFP - 1 hour 24 minutes ago 8 suspected robbers killed in PhilippinesAP - 1 hour 28 minutes ago Enlarge Photo SKorea's Lee strikes sombre note on election anniversary Most Popular – Asia Pacific Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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