News Journal

South Korea gets a new President

The new president of South Korea is Lee Myung-Bak, who is a famous businessman of the country and promised an economic revolution for the country on taking the office of the President. On taking the Presidential office he said that the country needs to get more practical then getting ideological.

Lee Myung-Bak, 66 is the only President in South Korea who belongs to a business background. Earlier the country was ruled by social activists and Ex- Army Generals. He said that the country needed a new growth mechanism and the policies formed now will decide the destiny of the country for the next 60 years.