Small Business Idea

Obama and President Lee Myung-bak met at the summit of G-20 and agreed to continue talks on economic and security issues.

U.S. and South Korea agreed to return to the stalled free-trade issue and postpone plans for Seoul to take full control over its military operations in wartime.

After the meeting on Saturday with South Korean President Lee Myung-bak at the G-20 summit in Toronto, U.S. President Barack Obama said he wanted to resolve the issues still remaining on the free trade agreement before the next G-20 summit in November.

Obama stated it will submit the draft to Congress a few months afterwards.

The two leaders also agreed to postpone until the year 2015 transfer of control from Washington of South Korean troops during wartime, in order to strengthen the displacement plan.

Lee and Obama also say they will do anything to suppress acts of aggression of North Korea, following the sinking of a South Korean warship which, according to U.S. and South Korea, conducted by North Korea.