(CNN Student News) -- October 14, 2011 STORY HIGHLIGHTS South Korean President Honored With State Dinner at White House Transcript THIS ISA RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. LUCAS ULLOQUE, CNN VIDEO JOURNALIST: (Speaking foreign language). CARL AZUZ, CNN ANCHOR: Fridays are awesome. So is today`s introduction from Lucas Ulloque, who works here N. You`re going to hear more from Lucas ina bit. First Up: South Korea State Visit AZUZ: First up, though, we`re headed to the White House. The building is, of course, home to the . president. This week it played host to South Korea`s president as well. Lee Myung-bak made a state visit to the . this week. The South Korean leader was the honored guest ata state dinner at the White House on Thursday. These state dinners are pretty rare. They`re designed to show the importance ofa country`s relationship with the United States. (BEGIN VIDEO CLIP) AZUZ (voice-over): That was the same message that President Obama made, calling President Lee a good friend and partner. Earlier in the day, the two presidents held meetings on some issues facing both of their countries, and they talked about their excitement for a new trade agreement between the . and South Korea. (END VIDEO CLIP) Trade Agreements AZUZ: That agreement, one of three trade deals the . Congress passed on Wednesday. The other two are