South Korean President Lee Myung-bak delivers a speech during the APEC CEO summit in Lima, capital of Peru, Nov. 22, 2008. The APEC 2008 CEO Summit kicked off in the Peruvian capital on Friday to address growth, free trade, sustainable development, APEC's relationship with the global economy and other issues.(Xinhua Photo) Photo Gallery>>>

    LIMA, Nov. 22 (Xinhua) -- South Korean President Lee Myung-bak on Saturday pledged to enhance trade and economic cooperation with Peru and Latin America.

    "I am sure that Peru, Latin America and (South) Korea may become strong business partners to reach co-prosperity of the 21th century and the (South) Korean government will spare no effort to accelerate this cooperation," Lee said in a speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in the morning.

    The president said his government is considering the establishment of a South Korea-Latin America fund and a South Korea-Latin America cooperation center, which will help enhance the relationship between South Korean and Latin American companies.

    "I have reflected on my experiences as CEO for 30 years, and I am sure that cooperation between our companies can create immense opportunities," he said.

    Lee said Latin America has maintained a steady growth in recent years and enjoys enormous economic potential.

    "Now it is time to talk about the miracle of Latin America," he said. Lee arrived in Lima on Thursday for an official visit to the South American country and the APEC economic leaders' meeting that began Saturday. 

Special: President Hu Attends Financial Summit, APEC Meeting, Visits Four Nations