South Korean President Lee Myung-baksaid Monday that his government targets an annual economic growth of four percent in 2009.
At a speech during a visit to a industrial complex south of Seoul, he said although the South Korean economy is widely forecast to grow over three percent next year, he is convinced that the country can manage to raise the economic growth rate by an additional one percentage point if political circles cooperate.
"A growth of an additional one percentage point is very meaningful. In these difficult economic times, all economic institutions have to be fully united," said the president.
Lee reiterated that he will focus his policy efforts on helping small and medium-sized businesses, self-employed individuals and low-income people.