Study on Progress of the 4th Industrial Revolution in Japan Based on Solutions to Social Challenges
In order to promote the effectiveness of policies for innovative growth pursued by the Korean government, this study aims to produce policy implications through a case study of efforts ongoing in Japan.
While the majority of domestic research on the 4th Industrial Revolution has focused on producing a new economic growth paradigm through technological innovation and fusion or promoting international competitiveness, we take an approach from the perspective of exploring sustainable economic growth and solving social challenges.
Analysis of Competition Policies in the US and EU in the Era of Fusion and Convergence between Industries
This study analyzes cases of market dominance abuse and business combination occurring in an environment of fusion and convergence between homeogenous and heterogeneous industries and the rise of the platform economy, all of which form the basis for the 4th Industrial Revolution. By examining measures taken by the competition authorities in the US and EU, we identify policy implications for Korea’s economic policy within an environment where the boundary between industries is increasingly blurred and new competition structures are formed.
Analysis of Intra-Bloc Consolidation of EU Labor Markets and Policy Implications
We review current developments in the consolidation of labor markets within the EU, evaluate actual consolidation levels, and analyze how consolidation of labor markets affects individual countries’ labor markets and major variables across the entire economy. Through this process we aim to identify any side effects unforeseen at the time of consolidating labor markets and produce alternative policy measures to counter these effects in advance.
Digitalization in the Asia-Pacific Region and Korea’s Plans for Cooperation
We examine development of the digital economy in the Asia-Pacific region and analyze cases of cooperation in the region, thus exploring feasible measures to promote regional cooperation and produce a roadmap for Korea to contribute to the APEC community through digital economic cooperation.
Structural Changes and Policy Directions in Korea’s Current Account Balance
In response to changes in the global and domestic environment, this study provides basic references on the factors that determine exchange rate and current account balance, building on the findings of previous research. Estimates are performed to define the relationships between exchange rate, current account balance and major macroeconomic variables. These analyses aim at providing the government with solid grounds to implement concrete policy directions.
Ten Years of International Macroprudential Policies: Achievements and Improvement Plans
Macroprudential policy measures implemented and in operation by advanced and emerging economies, including Korea, are reviewed and evaluated for their policy effectiveness. Based on these evaluations, implications for international prudential policies are drawn.
A Study on the Effects of Credit Expansion on Economic Growth and Financial Crisis
In this study we analyze the structure through which credit expansion conveys an effect on economic growth and/or the risk of financial crisis. We measure the risk of financial crisis amid a trend of expansive monetary policies throughout the world. Credit expansion is classified into categories such as increased household debt, corporate debt or government debt.
Analysis of Determining Factors of Foreign Capital Movement in the Domestic Stock Market: Centered on Interest and Exchange Rates
Major factors determining the movement of foreign capital in the securities market and bond capital flows are analyzed upon the background of current legislation and policies implemented to manage foreign capital. The study aims to present vital implications for measures to mitigate risk factors related to foreign investment, such as the amplification of volatility in financial markets.
International Spread of Unilateral Trade Policies and Changes in Trade Structures
The latest developments and characteristics of trade policies in major economies are identified, enabling a multi-faceted examination on international trade structures and empirical analysis of the international spread of unilateral trade policies, trade costs, and changes in trade structures. We also test various scenarios to measure the effect that such unilateral trade policies have on future global value chains, providing reference for the modification and improvement of mid- to long-term government policies.
Trade Law Issues and Economic Impact of New FTA Trade Rules: Centered on Environment and Labor Issues
This study will be conducted to understand the current situation and characteristics of the environment upon which new-generation rules, and in particular chapters on labor issues, are incorporated into free trade agreements. The analysis is performed from the perspective of trade law and economic concerns, thus providing important policy implications for the Korean government when it seeks to expand bilateral or multilateral FTAs, or formulate stronger legislation in the areas of the environment and labor upon request by an existing FTA partner.
International Dialogue on Intellectual Property Issues and Their Effects
In this study we will review international trends in discussions on intellectual property issues and measure the potential effect of intellectual property on trade. We also take a look at major intellectual property issues within Korea to contribute to establishing trade strategies in the area.
The Effects of Trade Structure Shifts on Domestic Employment Structures and Policy Implications
We analyze changes in Korea’s employment structures caused by changes in trade structure from multiple perspectives, closely examining jobs relocations by industry, occupation and job function. The analysis is conducted to produce valuable implications for labor policies aimed at promoting inclusive trade.
The WTO Multilateral System in Structural Crisis: Korea’s New Response Measures for Multilateral Negotiation
Starting with an evaluation of the measures and outcome of the 12th WTO Ministerial Conference (MC12), we anticipate the direction of fundamental changes to follow in the WTO multilateral system. The change in Korea’s negotiating position in the midst of conflict between developed and developing economies, and its decision to discontinue its developing country status in the WTO, are analyzed to establish and propose new response measures to multilateral negotiations at the WTO.
Rise in Greenhouse Gas Emission Targets Set by the International Community and Korea’s Response
The impact of updated targets to curb greenhouse gas emissions, set by the international community as a follow-up measure to the Paris Climate Agreement, are analyzed to suggest response measures for Korea.
Opportunities for Cooperation between the Indo-Pacific Strategy and Korea’s New Southern Policy
This study analyzes the respective positions taken by the U.S. in its Indo-Pacific Strategy and Korea’s New Southern Policy to identify opportunities for cooperation.
An Analysis of Online Platform Markets in the New Southern Region and Implications
Korean businesses are already committed in the region of the government’s New Southern Policy (NSP), an area with high potential for growth (i.e. the New Southern Region). We study the development of online platform markets in the New Southern Region, the direction in which firms are advancing and expanding into the region, strategies taken by major economies in the region, and relevant policies by major NSP economies to provide further implications for businesses advancing into the region and the establishment of government policy.
Status of Development in India’s Start-Up Ecosystem and Policy Implications
We aim to understand the current status of India’s ecosystem for start-ups, with the goal of offering policy implications. Empirical study is conducted to understand the development of the ecosystem for start-ups in India, analyze the differences between India and Korea in their support policies for start-up firms, identify the characteristics of start-ups advancing into the Indian market and their demand for policy support, and to better understand the factors that decide the competitiveness of start-ups.
Ten-Year Anniversary of Joining the OECD DAC: Achievements and Tasks Ahead
The main purpose of this study will be to evaluate the achievements Korea has seen over the past ten years in the area of ODA, from the perspective of each sector and region.
Korea’s achievements in ODA can be further promoted by improving the mechanism for effective monitoring, evaluation and feedback. Objective evaluation on Korea’s ODA is made possible by collecting the opinions of major stakeholders and, in particular, the local governments of recipient nations and international agencies.
Economic Impact and Implications of Intra-Regional Integration of ASEAN Service Markets
We analyze the economic impact associated with the integration of services markets within ASEAN on trade within the region and with Korea, going on to identify policy implications.
Plans to Promote Investment between Korea and Russia in the 4th Term of President Putin: Focusing on Manufacturing Sectors with High Added Value
In this study we perform a comprehensive analysis of the investment environments in Korea and Russia and the pattern of overseas investment these two economies are showing within the changing order of the global economy. The study focuses on manufacturing sectors with high added value to propose feasible plans to promote investment between Korea and Russia.
Progress of Transition Economies in Southeast Asia and the Implications for North Korea
We analyze the progress of transition in CLMV nations in Southeast Asia and identify implications for the North Korean economy based on the economic achievements in these nations following their transition into market economies. The study ultimately aims to explore feasible policies for the Korean government to stimulate efforts toward establishing peace and prosperity on the Korean Peninsula.
Further Opening of Chinese Financial Markets and Sino-Korean Cooperation in the Area
In this study we will be analyzing current policies by the Chinese government to open its financial markets, as we seek measures to help the Korean finance industry to advance into the Chinese market.
Changes in the Local Economies of China Following the Global Financial Crisis and Strategies to Advance into the Chinese Domestic Market
Regional differences in China’s domestic market are examined from the perspective of consumer markets, industrial structures, domestic import market, etc. to produce differentiated strategies to advance into the Chinese domestic market and appropriate government support measures.
Future Development of the Pacific Alliance and MERCOSUR and the Implications
This study examines the impact of political shifts within major South American nations on their international economic policies, centered on analyses of MERCOSUR nations and the Pacific Alliance, going on to identify valuable implications.
Recent Policy Changes in Major GCC Nations and Korea’s Strategic Response Measures
We analyze the background and current state of recent changes in economic policy within major GCC countries, examining how these can impact the domestic and international environment of Korea and exploring effective response measures by Korean businesses and the government.
Studies on Current Issues
Throughout the year KIEP also conducts studies on urgent and pending issues of policy, producing high-quality policy references in response to demands in government policy.