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KIEP Newsletter

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[KIEP Webzine] KIEP Newsletter Vol. 7 No. 17

  • Date2019/08/23
  • Hit1,758
KIEP Newsletter Vol. 7 No. 17

KIEP Newsletter Vol. 7 No. 17 | August 23, 2019 | Print

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

KIEP PUBLICATIONS

Mobilizing Finance for SDGs: Issues and Policy Implication Jione Jung, Jisun Jeong, Juyoung Lee and Aila Yoo / World Economy Brief 19-14

In the changing landscape of development finance, the strategy for providing financial flows to developing countries needs to be diversified by the income level of partner countries. For middle-income countries, it is more important to expand concessional assistance on tax policy, institutional reform on tax, and tax administration while supporting these partners to construct a mechanism that can fully take advantage of domestic financial resources or remittances as development finance. However, in the case of lower-income countries, lack of capacity is the main challenge and thus it becomes more important to assist them to strengthen the capacity of their human resources and institutions to utilize private finance.
This research suggests that the results of international dialogue on development finance and the necessity to diversify the utilization of development finance according to each country’s capacity level and environment should be incorporated into Korea’s development cooperation policy such as the Country Partnership Strategies (CPS). The Korea’s 3rd CPS, which will be established in 2020, should function as a partnership strategy to link and combine private finance and various public development resources beyond ODA, which will be included in TOSSD. When considering the potential risks that the utilization of private funds may accompany, it will be necessary to establish an ex-ante and ex-post risk management framework. Even in cases where the private sector engages in development projects, it is important to ensure development objectives are met and development effectiveness remains a priority.

Comparative Study on Active Response to Population Aging between China and South Korea Yang Wang / World Economy Brief 19-16

Aging has profoundly affected the overall situation of national economic and social development. The international community has paid more and more attention to the problem of population aging. Many countries are actively taking actions to build social security, public policies and pension facilities that are adapted to an aging society. The major developed countries have entered the aging society earlier, and most of them have already prepared the top-level design for aging. In the case of China, the country has launched a series of policies and measures to deal with the aging of the population, but it still needs to learn from Koreas experience in the labor market policy and the construction of the old-age security system. It also needs to improve and form a package of scientific policy measures to deal with the aging of the population. In this regard, this study looks into the overall situation of Chinas demographic changes and the impact of such changes on the economy and society. This study also explores the main social policies aimed at addressing the issues of aging population in China and South Korea and draws policy implications.

  • KIEP OPINIONS

    The Phantom Menace: The Rise of China’s State-owned Monopolies / Wonho Yeon

    There is a group of Chinese firms with a little reputation outside China are quietly taking a dominant lead globally in some particular industries: energy and utilities. Among the top 5 of the most recent Fortune Global 500 list, three are Chinese and they are all 1) state-owned and 2) energy-related companies. Probably the sharp growth of Chinas energy state-owned enterprises (SOEs) is linked to the new era of ABC (A.I., Big Data, and Cloud Computing) and China’s long-term global strategy beyond the Belt and Road Initiative. Will the rise of China’s energy SOEs be the menace of reality or the menace of unreality? Will China be exposed as a phantom hiding behind the false facade or emerge as a genuine public leader? Everyone is keeping a close watch on China making its fateful choice: whether to become a global hegemon or to remain as a good global citizen.

  • UPCOMING EVENTS

    [Forum] DMZ International Forum on the Peace Economy

    The Korea Institute for International Economic Policy (KIEP) and the National Research Council for Economics, Humanities and Social Sciences (NRC) will hold the DMZ International Forum on the Peace Economy, under the theme of “Peace Economy and Prosperity on the Korean Peninsula and Beyond” at the DMZ and the Lotte Hotel in Seoul from August 28 to 29, 2019.
    The forum, sponsored by the Ministry of Unification and the cities of Seoul and Incheon, will be attended by approximately 100 participants, including prominent figures (incumbent and former political leaders, senior officials, ambassadors, members of the press, NGOs, academia, etc.) from the U.S., China, Japan, Russia, ASEAN, the Middle East, Africa and Central America, as well as representatives from major international organizations.
    At the forum, participants will witness first-hand the progress of peace on the Korean Peninsula and improvements in inter-Korean relations. The forum will also promote understanding and consensus among prominent international guests regarding the Korean government’s vision of a New Korean Peninsula Regime and peace-driven economy.
    We ask for your continued interest in the forum.
    Details are as follows:

    1. Title: DMZ International Forum on the Peace Economy
    2. Topic: Peace Economy and Prosperity on the Korean Peninsula and Beyond
    3. Date & Time: 28(Wed.)-29(Thu.), August, 2019, 9:00-17:00
    4. Venue: DMZ, Lotte Hotel Seoul, Korea
    5. Co-hosts: National Research Council for Economics, Humanities and Social Sciences (NRC), Korea Institute for International Economic Policy (KIEP)
    6. Organizers: KIEP and other NRC-affiliated national research institutes
    7. Sponsors: Ministry of Unification, Seoul Metropolitan Government, Incheon Metropolitan City
    8. Contact: Secretariat of DMZ International Forum on the Peace Economy (+82-2-322-3706/ info@dmzpeaceforum.org)

    ※ Simultaneous Interpretation will be provided.
    - Opening Ceremony & Plenary Session: Korean, German, Indonesian, Mongolian, Japanese, Russian
    - Parallel Sessions: Korean
    ※ All Programs, excluding the Parallel Sessions(14:30-18:30) on August 28, are allowed to the invited guests.

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  • NEWS AND ACTIVITIES

    Visiting Scholar Seminar with Dr. Pawel Pasierbiak from Maria Curie-Sklodowska University

    The Korea Institute for International Economic Policy (KIEP) held a Visiting Scholar Seminar with Dr. Pawel Pasierbiak from Maria Curie-Sklodowska University at the KIEP conference room in Sejong on August 6th, 2019. Dr. Pasierbiak 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. Pasierbiak made a presentation on the role of South Korea in the development of East Asian regionalization in the 21st century. He argued that the role of South Korea in shaping regionalization in the East Asia is growing. For this study, he analyzed the linkage of economy of South Korea within the region, focusing on the areas of foreign trade, FDI and regional production chains.
    KIEP experts, including Dr. Hyung-Gon Jeong from the Japan and East Asia Team, Dr. Wonho Yeon from the China Team and Dr. Sungwoo Hong from the Americas and Europe Team, attended the seminar and discussed the findings covered in Dr. Pasierbiak’s presentation.

    - Topic: The Position of South Korea in East Asian Regionalization in the 21st Century
    - Date & Time: Tuesday, August 6th, 2019, 10:30–11:30
    - Venue: KIEP 2nd floor conference room
    - Presenter: Dr. Pawel Pasierbiak, Maria Curie-Sklodowska University
    - Contact: Researcher Minji Baek, Public Relations and Outreach Team (mjbaek@kiep.go.kr)

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  • NEWS AND ACTIVITIES

    Visiting Scholar Seminar with Dr. Pauline Gandre from University Paris Nanterre

    The Korea Institute for International Economic Policy (KIEP) held a Visiting Scholar Seminar with Dr. Pauline Gandre from University Paris Nanterre in France at the KIEP conference room in Sejong on August 2nd, 2019. Dr. Gandre has participated in the KIEP Visiting Scholars Program for a month. The seminar was organized to share the results of research conducted over her residency with KIEP, in joint with other researchers at KIEP.
    Dr. Gandre explained the G-20 Over-the Counter (OTC) derivatives market reform, which was established in response to the difficulties experienced following the Global Financial Crisis. As the reform was implemented at the national level, delays in the implementation of the reform and cross-country disparities occurred.
    According to Dr. Gandre, delays in implementation of the reform could temporarily reduce compliance costs for market participants and contribute to fostering the development of Korean OTC markets. However, it could also increase risk-taking and risk exposure in the Korean OTC derivatives market, where many Korean companies hedge against foreign exchange risk.
    Dr. Gandre highlighted the importance of coordinating worldwide regulation to decrease global risk exposure and prevent a regulatory race to the bottom.
    KIEP experts including Dr. Dong Hee Joe from the Americas and Europe Team and Dr. Hyo Sang Kim from the International Finance Team, along with Assistant Professor Pawel Pasierbiak from the Maria Curie-Sklodowska University and Assistant Professor CAI Xiaobin from the Academy of Macroeconomic Research, attended the seminar and discussed the findings covered in Dr. Gandre’s presentation.

    - Topic: The G-20 Derivatives Market Reform in the Aftermath of the Global Financial Crisis: Cross-Country Disparities and Potential Implications for South Korea
    - Date & Time: Friday, August 2nd, 2019, 10:30~11:30
    - Venue: KIEP 2nd floor conference room
    - Presenter: Dr. Pauline Gandre, University Paris Nanterre
    - Contact: Researcher Minji Baek, Public Relations and Outreach Team (mjbaek@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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