Pres. Park makes proposal for job creation
President Park addressed the issue of "high unemployment and unbalanced growth" in a lead speech during the second session of the G20 Leaders' Summit, and proposed two new approaches to solve the problem.
She called on world leaders to work towards a creative economy and a disciplined market economy for job creation and inclusive growth.
President Park introduced her administration's push for a creative economy as an example, saying it is a strategy to create more jobs and upgrade national competitiveness.
Then what are the steps towards this goal?
The president stressed that economies should tear down regulatory barriers and create a business environment in which people with creative ideas can have more opportunities.
A disciplined market economy President Park says can only be realized when unfair practices or rules are rooted out.
"A disciplined market economy means that certain regulations such as economic democratization are necessary."
She also emphasized the importance of strengthening the monitoring of regulations that could be blocking the growth of small- and medium-sized companies and venture firms.
Earlier in the day, President Park met separately with German Chancellor Angela Merkel and Kazakh President Nursultan Nazarbayev.
President Park and Merkel discussed ways to expand the two countries' cooperation and agreed to work together with the international community in finding a political solution for the Syria issue.
Nazarbayev once again invited President Park to Kazakhstan, and the two promised to further strengthen their economic ties.
Major Korean companies have entered into the Kazakh market and joint projects worth 8 billion dollars are being carried out by the two governments.
"After wrapping up her four-day stay here in Saint Petersburg, President Park will leave for Hanoi Saturday morning. There, she is scheduled to hold bilateral talks with her Vietnamese counterpart Truong Tan Sang on Monday.
Eoh Jin-joo, Arirang News, Saint Petersburg."
Reporter : firstname.lastname@example.org