Let me take this opportunity to express my deep thanks to all participants in this meeting, especially to Chairman Thomas C. Hubbard, former US Ambassador to the Republic of Korea, for this invitation to address you, and to Terrence J. Checki, Executive Vice President of FRB New York, for his close cooperation with the Bank of Korea. In addition, my thanks go to H.E.
Inkook Park, Ambassador to the UN, and Youngmok Kim, Consul General in New York, and the very many distinguished experts from Wall Street. I intend to speak today about how Korea overcame the shock of the global financial crisis and the policy challenges that lie ahead. I. Economic movements after Lehman’s collapse  1.