In the year 2010，the Republic of Korea has been confronted with the serious challenges brought by major events such as the Cheonan Incident，losses in local election for the party in office，the parliament’s rejection of the revised bill on Sejong City，the Yeonpyeong Island Incident，and the spread of foot and mouth disease，etc.Breaking accidents such as the Cheonan Incident and the Yeonpyeong Island Incident in particular had clear bearing on not only the RK’s national interests，but also on the security of the Korean Peninsula and the Northeast Asia at large.Hence the handling of such events had put the RK’s government in a test on the tactics of addressing major emergencies，and also had tested its people’s mental strength and rational judgment. Measures taken by the RK’s government had impact on the relationship between North and South Korean，and the international relationship with powers such as China，the US，Japan and Russia as well. Meanwhile，they had cast tremendous influences upon the domestic affairs and public opinion. The year 2011 will be the fourth year of Lee Myung-bak’s administration. Trying to break away from the doomed lame-ducking of his predecessors，Lee will have to exert himself to the utmost in the implementation of his policies.It is anticipated that there will not be major changes in the RK’s basic tone of foreign policies. Aiming at maintaining the general situation of peace and stability of the Peninsula，the country，with“constructing first-class developed country”as its goal，will endeavor to conduct all-rounded and diversified diplomatic moves based on the further strengthening of RK-US military alliance. The RK’s government had set economic goals for 2011 at a growth rate of 5%，the accomplishment of which，however，will entail efforts to overcome difficulties from both home and abroad，such as the rise in prices of raw materials and oil，the ever more intensified competition in exporting trade，etc.