SKorea's Lee calls for shared economic growth

South Korea's president says that the world's leading economies must share their know-how for economic development with developing countries.

President Lee Myung-bak told reporters Friday at the close of the Group of 20 summit that it's "very important" to help developing countries to achieve economic growth on their own, rather than simply providing them with aid.

Hosting the G-20 leaders summit, the first in Asia, was a source of pride for many South Koreans. The country went from being among the poorest nations in the world following the Korean War of the 1950s to becoming the world's 15th-largest economy.

Lee says South Korea will boost its aid to poor countries. He notes that he was born when his country received assistance from other countries.

(source:businessweek.com)