Oct. 13 - In a ceremony filled with pomp and circumstance on the rainy South Lawn, President Barack Obama welcomed South Korean President Lee Myung-bak to the White House where both leaders hailed a trade deal between the two nations as a jobs creator. Rough cut (no reporter narration).
(ROUGH CUT - NO REPORTER NARRATION) STORY: President Barack Obama and South Korean President Lee Myung-bak hailed a long-sought trade deal as an engine for job creation in both countries as their White House summit got under way on Thursday. Hosting Lee amid the pomp of a formal state visit, Obama sought to underscore what is widely seen as a high point in the longtime alliance between Washington and Seoul as well as his ever-closer personal bond with the South Korean leader. The top item on the agenda was the consummation of a U.S.-Korea trade pact, which is expected to help anchor the United States in the economically dynamic Asia-Pacific region as it competes with an increasingly assertive China. The two leaders were also expected to coordinate strategy on the North Korean nuclear standoff. The U.S. Congress ratified the trade deal just hours after Lee arrived on Wednesday. It was the largest of three pending bilateral agreements, the other two with Colombia and Panama, and all passed in rapid succession