DAY BREAK 06:00 Korea′s 3-year innovation plan hailed at G20 summit in Brisbane

DAY BREAK 06:00 Coming up on this Monday edition of Day Break,... Korea′s three-year innovation plan is hailed at the G20 summit in Brisbane. World leaders also finalize a plan to boost global GDP by more than two trillion U.S. by the end of the decade. Korea′s National Assembly committee begins its 2015 budget review. Lawmakers must pass it by the end of the month or it′ll automatically be submitted for a full parliamentary vote on December 1st. Plus,.... the White House confirms a video released by Islamic State shows American hostage Peter Kassig has been killed. It also shows the mass beheading of several captured Syrian soldiers. Day Break begins now. Hello.... and thanks for joining us. To our viewers around the world, it′s 6 a.m. on Monday, November seventeenth here in Seoul. I′m Mark Broome... and you′re tuned into Day Break. Title: Korea′s 3-year innovation plan hailed at G20 summit in Brisbane Our top story this morning,... Under growing pressure to do more to jolt the sluggish world economy back to life,... G20 nations have finalized a plan to boost global GDP by more than two trillion U.S. dollars over five years by investing in infrastructure and increasing trade. Korea′s national economic plans were commended and parts were even included in an action plan drawn up in Brisbane. Choi You-sun reports. The Korean government′s three-year economic innovation plan has been hailed at the G20 summit in Australia. The plan aims to spur growth and expand the job market through social reforms, deregulation and support for the "creative industries." "Korea′s expected GDP growth, as based on the three-year economic innovation plan, was found to be the highest among the G20 nations." While predicting the G20′s combined GDP could expand 2-point-1 percent from the current trend in 2018, given that their submitted strategies are carried out, the IMF and the OECD, which assessed the strategies, said Korea′s GDP could grow 4-point-4 percent. In fact, key policies in Korea′s plan have been included in the Brisbane action plan. In addition to overcoming low growth, another main theme at this year′s G20 was how to achieve global economic resilience. In line with this, President Park Geun-hye called on developed nations to be more careful when adjusting their currency policies, as that could have a negative effect on emerging economies. "The president said that developed nations′ policies that only consider the domestic economy could lead to a negative spillover in emerging economies. And this, in return could spill back into the advanced economies." This was thought to have been the Korean president′s indirect way of raising concerns about the depreciation of the Japanese yen. Although unable to unite around one policy on the matter, the G20 member countries have agreed to monitor the spillover and discourage currency devaluation for the sake of competitiveness. "Having promoted her se