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00:00:3133 sec.
Obama, Barack - President

Please, everybody have a seat. Good afternoon. Once again, it is a great honor to welcome my good friend and partner, President Lee, back to the White...

00:01:0435 sec.
Obama, Barack - President

This state visit reflects the fact that the Republic of Korea is one of our strongest allies. Because we’ve stood together, the people of South Korea,...

00:01:3941 sec.
Obama, Barack - President

As I said this morning, this visit also recognizes South Korea’s emergence as one of our key global partners. South Koreans have served bravely with...

00:02:2011 sec.
Obama, Barack - President

South Korea’s success is a tribute to the sacrifices and tenacity of the Korean people. It’s also a tribute to the vision and commitment of President...

00:02:3120 sec.
Obama, Barack - President

Mr. President, you have shown how the international community should work in the 21st century -- more nations bearing the responsibility of meeting...

00:02:5111 sec.
Obama, Barack - President

And I'd add that in all of our dealings, President Lee has shared my focus on what matters most -- the security and prosperity of our citizens. And...

00:03:0233 sec.
Obama, Barack - President

We agreed to move ahead quickly with the landmark trade agreement that Congress passed last night -- and which I’ll sign in the coming days. It’s...

00:03:3520 sec.
Obama, Barack - President

As a former executive, President Lee will understand when I say that just as Americans buy Hyundais and Kias, I hope that South Koreans will buy more...

00:03:5529 sec.
Obama, Barack - President

In short, this agreement will boost American exports by up to $11 billion and support some 70,000 American jobs. It has groundbreaking protections...

00:04:2414 sec.
Obama, Barack - President

So, President Lee, I thank you for your partnership in getting this deal done, a deal that will also be good for Korean businesses and Korean jobs....

00:04:3834 sec.
Obama, Barack - President

As we expand our economic cooperation, we’re also deepening our security cooperation. Guided by our joint vision for the alliance, we agreed to continue...

00:05:1245 sec.
Obama, Barack - President

In this regard, we discussed North Korea, which continues to pose a direct threat to the security of both our nations. On this, President Lee [and...

00:05:5727 sec.
Obama, Barack - President

Given the global nature of alliances, President Lee and I discussed the full range of challenges to our security and prosperity. I thanked the President...

00:06:2424 sec.
Obama, Barack - President

We’ve agreed to coordinate more closely on the development that lifts -- that can lift people and nations out of poverty. I appreciated hearing the...

00:06:4828 sec.
Obama, Barack - President

Finally, we’re strengthening the ties between our people. South Korea is one of the top sources of international students studying in the United...

00:07:1614 sec.
Obama, Barack - President

So, again, Mr. President, I thank you for your partnership and your friendship. And because of the progress we’ve made today, I’m confident that...

00:07:308 sec.
Obama, Barack - President

Thank you very much.

00:07:3821 sec.
Lee, Myung-bak - President

(As interpreted.) Thank you, Mr. President. First of all, I thank President Obama again for inviting me to make a state visit to the United States....

00:07:5936 sec.
Lee, Myung-bak - President

I met with President Obama six times over the last three years. Our meetings were always constructive, allowing us to reaffirm the strength of our...

00:08:3527 sec.
Lee, Myung-bak - President

I was privileged to have spent many hours with President Obama during my visit to Washington, D.C. this time, discussing and sharing views on a wide...

00:09:0213 sec.
Lee, Myung-bak - President

In particular, we welcome the ratification of the Korea-U.S. Free Trade Agreement by the United States Congress. I am confident that the Korea National...

00:09:1532 sec.
Lee, Myung-bak - President

I take this opportunity to sincerely thank President Obama, the congressional leadership and the members of Congress, for their support and commitment....

00:09:4736 sec.
Lee, Myung-bak - President

This free trade agreement will bring numerous benefits to our workers, our companies, our small businesses and our consumers alike. Furthermore, mutual...

00:10:2323 sec.
Lee, Myung-bak - President

As we all know, the global economy is undergoing many challenges. The Korea-U.S. Free Trade Agreement will demonstrate to the world that we can create...

00:10:4625 sec.
Lee, Myung-bak - President

For the last 60 years we have maintained a strong political, military alliance. Now the KORUS FTA signals the beginning of an economic alliance. This...

00:11:1136 sec.
Lee, Myung-bak - President

When President Obama and I adopted a joint vision for the future of the alliance in 2009, we agreed to expand the depth and scope of our strategic alliance....

00:11:4734 sec.
Lee, Myung-bak - President

Recently, we were deeply shocked when we read the reports on the attempt to harm the Saudi envoy here in Washington D.C. I and the Korean people strongly...

00:12:2120 sec.
Lee, Myung-bak - President

Today, we also talked about the rebuilding of Libya and bringing democracy and economic prosperity to a region wracked by violence and instability....

00:12:4127 sec.
Lee, Myung-bak - President

In particular, we agreed that Korea and the United States will contribute to the economic development and administrative capacity-building in Libya,...

00:13:0835 sec.
Lee, Myung-bak - President

We also talked about the worrying state of the global economy and how to overcome the perils that emanated from the eurozone. The situation in Europe...

00:13:4327 sec.
Lee, Myung-bak - President

As we have done for the past three years, President Obama and I will remain in complete agreement when dealing with North Korea. Our principled approach...

00:14:1022 sec.
Lee, Myung-bak - President

The second Nuclear Security Summit will be held next March in Seoul. During the summit, we will review the progress made since the first summit in...

00:14:3220 sec.
Lee, Myung-bak - President

I thank President Obama and his able team for giving us their full support in the preparations of the summit, and, of course, we’ll continue to work...

00:14:523 sec.
Lee, Myung-bak - President

Thank you very much.

00:14:556 sec.
Obama, Barack - President

All right. We’re going to start off with Ed Henry. Where’s Ed?

00:15:0139 sec.
Q

Thank you, Mr. President. I appreciate it.

President Lee, I wanted to start with you, one question each. First, when you mentioned North Korea,...

00:15:406 min.
Obama, Barack - President

Well, I didn't know that you were the spokesperson for Mitt Romney. (Laughter.) But let me just talk about the plot in particular. We have a situation...

00:22:021 min.
Lee, Myung-bak - President

(As interpreted.) Thank you. To answer your question about North Korea, first of all, President Obama and I, for the last three years, we have maintained...

00:23:5150 sec.
Q

I know that President Lee is talking about a South Korea-North Korea-Russia trilateral gas pipeline project. But North Korea is also under a lot of...

00:24:411 min.
Lee, Myung-bak - President

(As interpreted.) Yes, thank you. And I don't know if that’s a question that I should be answering here in the United States, but since you asked...

00:26:2546 sec.
Q

Thank you, Mr. President. First, briefly, to follow on Ed, if I may. On the Iran alleged terror plot, do you have knowledge or do you believe that...

00:27:115 min.
Obama, Barack - President

Okay. First of all, on the Iranian issue, the Attorney General has put forward the facts with respect to the case, and I’m going to let him comment...

00:32:463 sec.
Q

Will you invite them to the White House to negotiate on the jobs bill?

00:32:491 min.
Obama, Barack - President

I think that anytime and anyplace that they are serious about working on putting people back to work we’ll be prepared to work with them. But we’re...

00:34:1252 sec.
Q

I have two questions to President Obama. Yesterday, U.S. Congress ratified the Korea-U.S. FTA. But Korean National Assembly didn’t pass it yet....

00:35:043 min.
Obama, Barack - President

Well, first of all, President Lee assures me that the KORUS FTA will pass through the National Assembly. I have great confidence in his leadership,...

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