![]() ![]() The Korean Government came to theconclusion that the G20 needed to prove its ability and efficiency as the premier forum for international economic cooperation, and decided to offer full diplomatic support for the success of the Toronto Summit which was held prior to the Seoul Summit. Thus, the G20 had to continue and strengthen its role by resolving other key international issues beyond crisis management in the post-crisis era. To gain support forthe G20 Seoul Summit from the international community, non-G20 countries and international organizations, the Ministry held numerous summit level meetings and foreign minister level dialogues to make various diplomatic efforts at both bilateral and multilateral levels.ĭue to the G20’s successful handling of the global financial crisis, the international community’s expectation for the G20 grew even stronger. In accordance with the system the Korean Government established for the success of the summit, the Ministry of Foreign Affairs and Trade supported the Presidential Committee for the G20 Summit in their efforts to progress the agenda of the summit. In January 2010, President Lee Myung-bak attended the World Economic Forum held in Davos, Switzerland and set forth that Korea would focus on the sound implementation of past agreements, the introduction of new agenda items like development and global financial safety nets, and securing international support through proactive outreach activities toward non-G20 countries and international organizations as ways to ensure the success of the G20 Seoul Summit. The Government also established a system forgovernment agencies like the Ministry of Foreign Affairs and Trade, Ministry of Strategy and Finance, Financial Services Commission and other related agencies to provide support for the work of the Committee. The Korean Government established the ‘Presidential Committee for the G20 Summit’ to enhance its ability to effectively organize the pan-governmental efforts directed toward the success of the summit. This was a decision that recognized the role the G20 had played in the global economy’s recovery from the 2008 international financial crisis, and gave the G20 legitimacy to assume its role as the premier forum for international economic cooperation.Īt the Pittsburgh Summit, the Republic of Korea (ROK) was decided as the first non-G8 Asian state to host the G20 summit in November 2010. ![]() In September 2009, the G20 as a premier forum for international economic cooperation and decided to annualize summit. ![]()
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