If we are to assume that North Korea becomes a nuclear-power state, of course the danger of having an all-out nuclear war, that possibility is very slim.
For us, from Korea's perspective, China is the number one investment destination as well as number one trading partner.
Well when I was young, actually not just me, but we were all poor. Korea used to be one of the poorest countries in the world. Despite such circumstances, I was very, very fortunate to be blessed with having parents who always instilled in a spirit of can-do spirit.
From the Chinese perspective, Korea ranks about third or fourth in terms of trading volume and about third in terms of investment.
Korea is an open society and we will make sure that there is no restriction on foreign investment in Korea.
My wife, well she has extensive experience, because before becoming the first lady, she was the wife of the CEO of a large conglomerate. So I have very high hopes that she will carry out her job successfully as first lady of the Republic of Korea.
With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.
One of the most important reasons for North Korea continuing its nuclear ambitions is to consolidate the power to stay within the Kim Jong Il family.
Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.
What we have is North Korea still pursuing path to a nuclear weapon state. So the majority of people's trust in North Korea has gone down considerably.