|Title||The 4th KIEP New Southern Policy Forum|
The Korea Institute for International Economic Policy (KIEP) and the East Asian Institute (EAI) of the National University of Singapore hosted the 4th KIEP New Southern Policy Forum under the theme of “ASEAN-Korea Partnership in a New Era: Challenges and Opportunities” at the National University of Singapore Society (NUSS), Singapore, on November 7, 2019. The KIEP New Southern Policy Forum has been promoting exchanges among experts in various fields and regions and expanding networking among think tanks in the New Southern regions since it was launched in 2018.
Marking the 30th anniversary of the ROK-ASEAN dialogue, the forum was attended by President Jae-young Lee of KIEP; Director Bert Hofman of the East Asian Institute (EAI); His Excellency Ambassador Young-jip Ahn to the Republic of Singapore; Senior Director Troy Stangarone at the Korea Economic Institute (KEI); Senior Research Fellow Sarah Tong at EAI; Vice President Young Sik Jeong of KIEP; Director Euihae Chung of the Presidential Committee on New Southern Policy; Associate Research Fellow Shawn Ho at the S. Rajaratnam School of International Studies (RSIS); Dr. Soo-hyung Lee of the Institute for National Security Strategy; Dr. Tang Siew Mun of the Institute of Southeast Asian Studies (ISEAS), and other experts. The New Southern Policy, responses to protectionism, and ways of ASEAN-ROK cooperation for peace in the region were presented and discussed at the forum.
President Jae-young Lee stressed in his opening remarks that South Korea and ASEAN member states should take the lead in solidifying the free trade system at a time when growth in global trade is slowing. President Lee also called for a joint response to protectionism at the 2019 ASEAN-ROK Commemorative Summit. He expressed his hopes that ASEAN will play a more active role for a peace regime on the Korean Peninsula, noting how the first and second U.S.-North Korea summits were held in Singapore and Vietnam.
His Excellency Mr. Young-jip Ahn, South Korean Ambassador to the Republic of Singapore, noted in his congratulatory remarks that ASEAN has become a core part of Korean diplomacy.
During session 1, Vice President Young Sik Jeong of KIEP expressed his concern that Japan’s prolonged export disputes with Korea or expansion to other items such as automobiles will affect Korea and ASEAN regions through a global and regional value chains. In line with this, he underlined the need of Korea and ASEAN member states to seek multilateral cooperation to prevent protectionism in the region and consolidate the free trade order.
At session 2, Director Euihae Chung of the Presidential Committee on the New Southern Policy said that the Presidential Committee on New Southern Policy has been pushing ahead with 16 policy goals and 57 projects in the “3P” areas of People, Prosperity and Peace. Director Chung emphasized the significance of the 2019 ASEAN-ROK Commemorative Summit and the 1st Mekong-ROK Summit as a landmark moment for ASEAN-ROK cooperation.
Dr. Shawn Ho at RSIS noted that all ASEAN member states have high expectations for Korea’s New Southern Policy. Dr. Ho presented that representative business sectors should be found in the upcoming ASEAN-ROK Commemorative Summit.
At the last session, Dr. Soo-hyung Lee made a presentation on the Peace Process on the Korean Peninsula and Seeking Solidarity for Peace with ASEAN and argued that Korea and ASEAN should be centered on the stability and prosperity of the East Asian region in the face of the intensifying U.S.-China conflict.
The forum was the third international seminar hosted by KIEP in the New Southern region and was a venue to discuss the ways to cooperate and jointly respond to uncertainties in the global economy. Experts from the U.S., China and ASEAN regions attended to understand position of each region and seek solutions on the U.S.-China trade dispute. In particular, it was a time to remark that Japan’s export restrictions to Korea could have negative impacts to ASEAN regions, and call for Korea-Singapore and ASEAN-ROK cooperation on trade liberalization in the region.
- Title: ASEAN-Korea Partnership in a New Era: Challenges and Opportunities