There will be a Business Summit one day before the Group of 20 (G20) Seoul Summit, in which more than a hundred top global chairmen and CEOs will participate, according to Jie-Ae Sohn, spokesperson for G20 Seoul Summit, on Sunday.

"Governments have taken the lead in the current recovery; however, the private sector has to take the lead in future economic growth." said Jie-Ae Sohn in a press briefing at the media center of G8/G20 Summit.

"Korea wants to be the bridge between the G20 countries and non- G20 countries and organizations," she said.

Sohn also said that the expenditure of the G20 Seoul Summit will be between Canada and France.

When answering the question about South Korea's rise in the world leadership, Sohn said that his country is very serious about its responsibilities.

"If you look back, you'll find that Korea is actually the only country that has become donors from a country that received donors just after the Korean War," she said.

Sohn also said that the expenditure of the G20 Seoul Summit will be between Canada and France.

The G20 Seoul Summit is set to be held from November 10-11, 2010.