*  *  *  It is a great pleasure for me to speak on the topic of “Restructuring and Monetary Policy” to embassy staff and businessmen from the EU, who are contributing so greatly to furthering the economic cooperation between Europe and Korea.
The European Union opened up a new chapter in the history of the world economy this year with its successful launch of a common currency, thereby creating a true single market and becoming a single economic entity. Economic exchanges between Europe and Korea will become more dynamic thanks to the integration.