In fact, the Korean summit portends a reshuffling of the international calculus in Northeast Asia.

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Mr Obama and Mr Medvedev met during a nuclear summit in the South Korean capital Seoul.

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So, again, I want to thank our South Korean hosts for a very successful summit.

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South Korean Foreign Minister Song Min-soon said the results of the summit were anticipated and cautioned that the country should be prepared for a protracted standoff, noting that other hostages in Afghanistan had been held an average of 35 days.

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That was brought into sharp focus Thursday when South Korean President Lee Myung-bak, host of the G-20 summit, was asked at a press conference about the impact of the Fed's decision.

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There's mushroom wine and chestnut porridge, according to summit officials, as well as kimchi, which is a spicy Korean vegetable dish that's pretty full of garlic, and the leaders are all going to be gathering for a photo, as well.

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Sohn Byung Doo, vice chairman of South Korea's powerful Federation of Korean Industries, was part of the delegation that accompanied President Kim Dae Jung to Pyongyang for the June summit.

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Among the long list of agreements made during the summit are expanded economic cooperation and a proposed exchange of video letters between families separated by the divided Korean peninsula.

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