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KIEP Newsletter

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[KIEP Webzine] Newsletter Vol.7 No.15

  • Date2019/07/26
  • Hit1,676
KIEP Newsletter Vol. 7 No. 15

KIEP Newsletter Vol. 7 No. 15 | July 26, 2019 | Print

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

KIEP PUBLICATIONS

Global Investment and Policy Implications in Low-Carbon, Climate-Resilient Infrastructure Jinyoung Moon, Seungkwon Na, Sunghee Lee and Eunmi Kim / World Economy Brief 19-12

The adoption of the Sustainable Development Goals and Paris Agreement in 2015 accelerated the transition to a low-carbon climate-resilient economy which requires significant investment for both new and existing infrastructure. About $9 billion will be required in investment for climate-related infrastructure by 2030, with most of the investment needs originating from developing countries. This study is designed to review previous literature on low-carbon climate-resilient infrastructure and analyze key features in climate infrastructure finance by multilateral and bilateral development institutions and PPPs. Ultimately, this study aims to provide policy implications for supporting Korean companies participating in overseas climate-related infrastructure projects.
Based on the results of the previous analysis, the following implications can be derived for government and private initiatives to promote participation in overseas climate infrastructure projects. First, it is necessary to establish a comprehensive support system for the whole project including the planning, construction, operation and financing of overseas climate infrastructure projects. Second, the government should improve relevant policy measures to effectively support private sector expansion overseas in climate infrastructure. Third, selection and concentration strategies based on promising areas are necessary for efficient utilization of limited investment resources. Fourth, to encourage companies to participate in investment and promote the development of government policies and regulations, it is necessary to first disclose relevant information based on a common understanding of climate change and to mainstream climate change in corporate and government decision making.

  • KIEP OPINIONS

    Sustainable Development Goals (SDGs) and Challenges for Korea / Yul Kwon

    The United Nations adopted the Sustainable Development Goals (SDGs) as part of the 2030 Agenda by the General Assembly on its seventieth session held in September 2015. The implementation of 17 goals and 169 targets requires whole-of-government approaches because the targets of indicators are integrated and inter-connected. The K-SDGs for ensuring sustainability were confirmed after deliberations at the Cabinet Meeting on December 24, 2018. They have been a milestone that Korea has set to be achieved by 2030 in all government sectors across the economy, society and the environment. In addition, the international community is in urgent need of an effective, inclusive and reliable promotion system to address the challenges facing the Korean Peninsula. These developments point to the need to actively consider establishing the SDGs for integration through inter-Korean cooperation.

  • NEWS AND ACTIVITIES

    Second 2019 KOPEC Asia-Pacific Strategy Forum

    The Korea Institute for International Economic Policy (KIEP) hosted the second 2019 KOPEC Asia-Pacific Strategy Forum at the Westin Chosun Hotel in Seoul on June 26th, 2019 under the theme of “Recent agendas of APEC and Korea’s key projects.” At the forum, chaired by President Jae-Young Lee of KIEP, Mr. Kang-hyeon Yun, Deputy Minister for Economic Affairs of the Ministry of Foreign Affairs (MOFA), attended as a speaker.
    In his opening speech President Lee noted that inclusive growth is a very important agenda for solving the polarization and economic inequality of the international community. He added that this year’s APEC meeting is expected to yield more achievements than ever as Chile, the host of the APEC meetings in 2019, has set its core agenda as inclusive growth and the realization of a prosperous society that embraces vulnerable groups such as women, youths and small and medium-sized enterprises (SMEs).
    Mr. Yun explained the major agendas recently discussed at APEC and introduced Korea’s key projects and roles, including the digital economy and related cooperation projects as well as strengthening competencies for FTA negotiations to promote regional economic integration. He also asked participants for advice on how to utilize APEC, including major projects that Korea should pursue, looking back on the role played by APEC amid difficult circumstances in the global economy and international trade.
    Celebrating its 30th anniversary this year, APEC has played a leading role in world trade and economic growth based on the Bogor Goals, which seek to liberalize trade and investment in the region. Participants expressed concerns about the recent changes in the international trade environment and emphasized that it is crucial to restore the multilateral trading system centered on the WTO in order to secure Korea’s interests. Participants also conducted in-depth discussions on support for WTO reforms in key areas at the APEC level, contributing various suggestions on the future vision and plans for cooperation after 2020, when the implementation of the Bogor Goals will be completed, to achieve the ultimate vision of an Asia-Pacific Free Trade Area (FTAAP).
    Former government officials at the minister and vice minister level, academia and industry leaders such as the presidents of major economics academic societies in Korea, and former KIEP presidents attended the forum.

    - Title: Second 2019 KOPEC Asia-Pacific Strategy Forum of 2019
    - Topic: Recent agendas of APEC and Korea’s key projects
    - Date & Time: June 26th, 2019, 7:00-9:00
    - Venue: Westin Chosun Hotel, Seoul
    - Organizer: Korea Institute for International Economic Policy (KIEP)
    - Contact: Ms. Soyoung Kwak, Senior Researcher, National Center for APEC Studies Team (sykwak@kiep.go.kr)

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  • NEWS AND ACTIVITIES

    ​Visiting Scholar Seminar with Dr. Nilanjan Banik from Bennett University

    The Korea Institute for International Economic Policy (KIEP) held a Visiting Scholar Seminar with Dr. Nilanjan Banik from the Bennett University in India, at the KIEP conference room in Sejong on June 25th, 2019. Dr. Banik has participated in the KIEP Visiting Scholars Program for a month. The seminar was organized to share the results of research conducted over his residency with KIEP, in joint with other researchers at KIEP.
    Dr. Nilanjan Banik explained the “gig economy” with a focus on gig work and its market where the supply and demand for such type of labor is formed, and made a presentation on the economic implications and need for policy interventions associated with gig work. Dr. Banik explained that the gig economy increases labor participation and access to inexpensive labor, which results in the improvement of overall productivity.
    At the same time, Dr. Banik argued that the gig economy lowers the income of workers in developed countries and exposes them to various economic vulnerabilities, and suggested that governments and central banks should intervene through policies to address the challenges.
    KIEP experts, including Director General Young Sik Jeong, Dr. Jeong Kon Kim from the New Southern Policy Department and Dr. Minhyeon Jeong from the New Northern Policy Department, attended the seminar and discussed the findings covered in Dr. Banik’s presentation.

    - Topic: Could Online Gig Work Drive Economic Growth?
    - Date & Time: Tuesday, June 25th, 2019, 10:30-11:30
    - Venue: KIEP conference room (2nd floor)
    - Presenter: Dr. Nilanjan Banik, Bennett University
    - Contact: Researcher Minju Lee, Public Relations and Outreach Team (mjlee@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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