President urges G20 to defuse currency war

President urges G20 to defuse currency war. On Friday 22 October, Korean President Lee Myung-bak asked finance ministers and central bank governors of G20 member nations to try their best to find solutions to the “currency war” and the revamping of the International Monetary Fund (IMF). 

In his welcoming speech to the meeting that leads up to the G20 Seoul Summit, Lee said, “If you don’t produce a result in Gyeongju, I may ground all the planes and buses out of Gyeongju.”