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KIEP Newsletter

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[KIEP Webzine] Newsletter Vol.7 No.14

  • Date2019/07/12
  • Hit1,694
KIEP Newsletter Vol. 7 No. 14

KIEP Newsletter Vol. 7 No. 14 | July 12, 2019 | Print

KIEP Surmounting Global Challenges, Creative Response! Korea Institute for International Policy (ISSN: 2288-0348)

KIEP PUBLICATIONS

Reshaping the Multilateral Trade Policy for Korea Jin Kyo Suh, Jongduk Kim, Ji Hyun Park, Min-Sung Kim and Dukgeun Ahn / World Economy Brief 19-10

This brief discusses the implications of the recent WTO reform efforts led by leading economies and provides a guideline for Koreas multilateral trade policy under fast-changing global economic environment. In particular, the following three areas are of interest in this brief.
First, the achievements and limitations of the current multilateral trading system, represented by the WTO are reviewed. Even though the WTO, the legitimate heir and successor of the GATT regime, began with great ambition for greater trade liberalization, its first negotiation round, the Doha Development Agenda (DDA), has failed to deliver as many outcomes as it was expected to. Reasons for such hardship and challenges the WTO faces are examined.
Second, this brief asks the implications of the recent WTO reform efforts led by advanced economies such as the U.S, EU, Canada, and Japan. The current WTO reform efforts are different from previous reform discussions in that they are based on more specific demands and requests. Facing such difference in reform efforts, the strategies and policy options of Korean government to respond to such movement are mulled over.
Third, an extensive guideline for Koreas multilateral trade policy are suggested. In addition to the aforementioned WTO reform discussion, economies around the world including Korea face fast-evolving global trading environment since the range of trade issues are greatly extending to digital economy, inclusive trade and furthermore. Such trends of global trading environment are identified and summarized, and possible policy suggestions surmounting challenges from those new economic changes are provided.

Potential Pakistan-South Korea Free Trade Agreement – Options for Pakistan Muhammad Aamir Khan / World Economy Brief 19-11

Pakistans bilateral trade with South Korea has declined in part due to the continuous economic integration of the latter with other regional economies such as free trade agreements with China and India. Haque(2009) argues that Pakistan is vulnerable to negative impacts of other regional trade agreements which are soon to be signed because of already less trade integration and weak resilience against competition in trade sector. Against the backdrop, this study examines the economy-wide impact of potential Pakistan-South Korea FTA and draws policy implications based on the research findings.

  • KIEP OPINIONS

    Trade Secret Protection in USMCA and Its Implications for Korea / Hyunsoo Kim

    The USMCA, which was signed on November 30, 2018, contains a high-standard and comprehensive IP chapter and the most notable feature of the IP chapter in the USMCA, is that it includes a separate section for trade secrets in which strong standards of protection are set out. The United States is expected to emphasize the strong protection of trade secrets in future trade agreements and will likely work to include similar provisions for trade secret protection during ongoing FTA negotiations with the EU and Japan.
    Korea has set up a legal basis for civil and criminal procedures against trade secret theft through the Unfair Competition Prevention and Trade Secret Protection Act, but the effectiveness of the act has been questioned due to the strict approval requirements for trade secrets and low compensation for damage. Last year the National Assembly approved a revised bill which reduces approval requirements for trade secrets and introduces punitive damages starting from June 2019. The revised bill is expected to provide wider eligibility for trade secrets and effective compensation for trade secret theft but it should be followed by further analyses of whether the revised act will significantly contribute to effective protection of trade secrets, or whether additional measures will be required.

  • NEWS AND ACTIVITIES

    The 14th KIEP-ERI Joint International Seminar

    The Korea Institute for International Economic Policy (KIEP) held a joint international seminar with the Economic Research Institute, Far Eastern Branch of RAS (ERI) under the theme of “Seeking New Ways of Deepening Cooperation between Korea and Russia: Opportunities and Possibilities at the Regional Level” on June 20th and 21st, 2019 at the Grand Hillstone Hotel in Jeonju, Korea.
    The seminar has been held annually since 2006 and provided opportunities for Korean and Russian experts to discuss the cooperation policies of both countries. This year’s event, specially hosted ahead of the 30th anniversary of diplomatic relations between the two countries in 2020, was organized in cooperation with Korean local authorities for the first time.

    - Title: The 14th KIEP-ERI Joint International Seminar
    - Topic: Seeking New Ways of Deepening Cooperation between Korea and Russia: Opportunities and Possibilities at the Regional Level
    - Date & Time: June 20th-21st, 2019, 9:00-17:00
    - Venue: Grand Hillstone Hotel, Jeonju, Korea
    - Hosts: Korea Institute for International Economic Policy (KIEP), Economic Research Institute, Far Eastern Branch of RAS (ERI)
    - Sponsors: Jeollabuk-do Provincial Government, Jeonju City Hall, Woosuk University, Jeonbuk Daily Newspaper, Jeonju Chamber of Commerce and Industry
    - Contact: Ms. Jiyoung Min, Senior Researcher, Russia and Eurasia Team (jymin@kiep.go.kr)

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  • NEWS AND ACTIVITIES

    ​Visit to KIEP by Vice President Yu ZiRong of CAITEC in China

    On June 19th, 2019, Vice President Yu ZiRong of the Chinese Academy of International Trade and Economic Cooperation (CAITEC), paid a visit to the Korea Institute for International Economic Policy (KIEP), together with Director Song ZhiYong from the Asia Research Center and Research Assistant Quan JinLiang, to confer with President Jae-Young Lee and other experts, including Director General Seung Shin Lee and Dr. Sang Baek Hyun from the Chinese Economy Department, at the institute.
    The CAITEC and KIEP researchers discussed the importance of Northeast Asian economic cooperation and exchanged their views on the role and necessity of think tanks in Korea-China economic cooperation. Both sides also shared their perspectives on expanding research exchange between the two institutes and strengthening cooperation.

    - Title: ​Visit to KIEP by Vice President Yu ZiRong of CAITEC in China
    - Date & Time: Wednesday, June 19th, 2019, 15:00-16:00
    - Venue: Conference Room (4F), KIEP, Sejong
    - Host: Korea Institute for International Economic Policy (KIEP)
    - Contact: Ms. Hyo Jin Lee, Researcher, China Team (hyojinlee@kiep.go.kr)

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    ANNOUNCEMENT

  • Call for Research Topics for KIEP

    KIEP is seeking innovative, timely and essential topics for research. We sincerely hope to receive any suggestions you might have for research topics, which you believe KIEP should pursue. We would like to listen to opinion of experts from various areas and make significant contributions to the governments decision-making process.
    Your insightful ideas and suggestions will be carefully reflected in our planning of new research projects and contribute ultimately to formulating policies for a more open international economic order. Please send us your ideas and suggestions via email, fax, or post at your convenience.

    View More Research Activities

  • Call for Papers for the East Asian Economic Review

    - The East Asian Economic Review (EAER) is an economic journal, for the promotion of interdisciplinary research on international economics. Published as a quarterly by the Korea Institute for International Economic Policy, a Korean government-funded economic think-tank, the Journal is global in perspective and covers both theory and empirical research. The Journal has recently changed its title from Journal of East Asian Economic Integration (JEAI) to the EAER. Your attention and support would be highly appreciated.

    - The Journal aims to facilitate greater understanding of all issues pertinent to diverse economies of East Asia through publication of rigorous analyses by renowned experts in the field. The EAER connects policy and theory, providing empirical analyses and practical policy suggestions for the economies in the region.

    - Topics for articles in the EAER include, but are not limited to: Trade and Investment, Economic Integration; International Finance; International Monetary Cooperation; Bilateral and Multilateral Economic Cooperation among East Asian Countries; and International Economic Cooperation for Korean Unification.

    Visit EAER Website

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