Lee proposes new int`l organizations on financial, climate crises

By Yoo Cheong-mo
SEOUL, Oct. 15 (Yonhap) -- President Lee Myung-bak said on Wednesday that the world needs to create new international organizations to better cope with the financial crisis and other daunting global issues, such as climate change and a potential energy crisis.

"Globalization is accelerating, while the economy rapidly transcends
international borders. At this point, new international organizations are needed
to regulate (unprecedented global issues) and take relevant countermeasures," Lee
said, speaking at the opening ceremony of an international knowledge economy
forum in Seoul.
"Now is the time to find common solutions to the pressing global issues. We need
to create a better order if necessary," said the president.
Lee didn't elaborate on his proposal, but his top state policy adviser explained
the president has long believed the world needs a new international organization
that is capable of tackling current global financial market issues, and that the
United Nations must set up a new organization to deal with climate change.
"President Lee also wishes that Korea would be able to host the headquarters of
these newly created international organizations, because he believes that the
hosting of an international agency would help boost the national brand," said the
adviser.