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Research Activities

Characteristics of Recent Global Economic Fluctuations and Implications in an Era of Fragmentation
  • Provides overview and characteristics of global economic fluctuations (by country and industry) and decomposition of the drivers of economic fluctuation
  • Examines global inflationary fluctuations due to COVID-19, oil prices, exchange rates, domestic slack, GVC shocks, etc.
  • Outlines characteristics of Korea's economic fluctuations and structural shocks affecting them, including terms of trade shocks and China reopening shocks
  • Provides policy implications for the Era of Fragmentation

Intangible Asset Investment and Economic Growth: Global Trends and Policy Implications
  • Definition and importance of intangible assets
  • Compares intangible and tangible asset investment in major countries and examines Korea's current situation
  • Analyzes the relationship between intangible assets, labor productivity, and economic growth, and changes in intangible asset investment due to changes in industrial structure
  • Compares intangible assets and the performance of large, medium, and small enterprises and analyzes the role of finance

Analysis of the Domestic Spillover Effects of Global Inflation and Economic Stabilization Policy
  • Analyzing the pass-through effects of global inflation to domestic consumer prices considering Korea's major trading partners, it is estimated that if the overseas PPI increases by 1 percentage point from the previous quarter, Korean consumer prices increase by 0.24 percentage points from the previous quarter (World Economy Today, July, 2022)
  • Expands the analysis to identify intermediate goods items considering Korea's major importers, estimates the pass-through effects of oil, raw materials, and major intermediate goods price increases and KRW depreciation on domestic prices, and identifies industries and items in Korea that are more susceptible to global inflation and drew policy implications.
  • Analyzes the stabilizing effects of monetary policy, foreign exchange market intervention policy, and capital mobility management policy on the Korean economy, which is sensitive to external shocks, using the IMF's Integrated Policy Framework, as the deterioration in the terms of trade in 2022 is expected to expand real trade losses to 3-4% of GDP per quarter, and the weakening of real purchasing power due to global inflation and a weaker won will constrain future consumption and investment recovery.

Impact of Trade on Domestic Labor Reallocation and Policy Implications
  • Examines the impact of trade changes caused by various exogenous shocks since the 2000s on the reallocation of the domestic labor force across industries and occupations, and analyzes the costs and benefits involved.
  • Provides basic data and policy implications for establishing trade and employment policies that can effectively respond to the changes in trade environment, technology, and demographics that Korea is expected to experience in the future.

International Trade Law Challenges and Policy Implications of Unilateralistic Supply Chain Policies
  • Analyzes the current status and limitations of international trade rules related to supply chain regulation in the WTO multilateral context and in bilateral and multilateral relationships such as FTAs and MSPs, and draw policy implications (e.g., identifying items for the Korean government to propose in the multilateral trading system, proposing amendments to international rules, negotiating strategies for new and improved FTAs, etc.
  • Analyzes legal response options at the corporate/government levels to issues of trade secret protection, evidentiary standards, and public participation issues arising from supply chain regulation, evaluating domestic legislation related to the strengthening of global supply chain regulation, and making policy recommendations on how to support domestic industries.

Copyright Protection in Digital Content Trade
  • Summarizes trends in discussions on IPR in the digital environment covered by existing IPR agreements such as GATS, TRIPS, and WIPO, and identify future challenges.
  • A research on the use and infringement of works in the digital environment, including the media streaming and software industries.
  • Analyzes the economic impact of IPR infringement on the profits and social welfare of rights holders through a model when introducing a system that encourages the use of IPRs, as IPRs in digital content are not only subject to protection but also subject to active utilization.
  • Analyzes how to effectively impose obligations related to IPR protection on digital platforms, as not only rights holders and infringers, but also the digital platforms in between, are important in IPR infringement of digital content.
How Strategic Investment Subsidy Policies Impact Multinational Investment and Supply Chains
  • Examines recent trends in investment subsidy policies in major countries and how they differ from policies implemented in the past to attract investment.
  • Analyzes the impact of competing investment subsidy policies on MNCs' investment and supply chain relocation, and forecasts future global supply chain changes in major industries.
  • Analyzes Korea's past investment subsidy policies and recommends a mid- to long-term roadmap for Korea's future investment subsidy policies.

Roadmap for a Korean Green Economy Agreement
  • Prepares strategies to promote bilateral and regional green economy agreements for low-carbon transition and green GVCs
  • Analyzes the current status of investment and cooperation in the green economy
  • Analyzes demand for green economy trade cooperation by country and sector

U.S.-China Strategic Competition over AI and Our Response
  • With AI emerging as a key battleground in the U.S.-China strategic competition, we explore AI strategies that can help our economy and security amidst the global AI competition.
  • Analyzes and forecasts the impact of AI on the economy and national security, and forecasts the potential and risks of foreign technological cooperation through the analysis of patent and paper networks in the AI field.
  • Based on the analysis of AI strategies of major countries, including the United States and China, we recommend strategies for fostering Korea's AI technology/industry and directions for cooperation in the AI field with major countries.

Ways to Establish a Framework for Responding to Country-Centered Economic and Security Strategies
  • Major countries (US, EU, China, etc.) are expanding industrial development policies for future high-tech industries to accelerate the transition to a green economy and global supply chain reorganization.
  • Identifies actual cases of responses to economic conflicts in major countries and analyzes the background of the emergence of future high-tech industry promotion policies and future scenario strategies.
  • Identifies timely and feasible policies and countermeasures by establishing a Korean strategic framework to respond to country-centric strategies.

North Korean Consumer Market Changes and Trade Using Satellite Data
  • Based on satellite data, we will construct a market activity index indicating the size of North Korea's consumer market and analyze imports of consumer goods to derive trends and characteristics of changes in North Korea's private consumption.
  • An empirical analysis of the impact of trade changes on the size of the North Korean consumer market by dividing it into two periods: trade expansion and trade contraction.
  • Draws implications for the outlook of North Korea's economy and marketization trends, and North Korea's resistance to sanctions.

International Community's Proposals for New Climate Finance and Korea's Challenges
  • Examines policy responses to the international community's demand for increased climate finance in the future.
  • Analyzes the international community's efforts to generate new climate finance and the strategies of major countries.
  • For the first time, this study analyzes the scale of climate finance in Korea by aggregating various sources of climate finance, rather than focusing on public finance.

China's Financial Development Strategy and Implications under the New Development Framework
  • This study analyzes the strategic positioning of the financial industry in the context of the Chinese government's 'New Development Path' policy to promote economic sophistication in the areas of financial risk prevention, expanded financial utilization, and stabilized governance, as well as the possible impact of China's expanded financial utilization and financial system sophistication on Korean companies in the financial sector, with the aim of identifying points of cooperation between Korea and China.
  • To this end, we analyze China's paradigm shift in economic growth under the New Development Framework and financial development strategies to support it, and analyze the role and utilization strategies of finance in each sector in connection with major economic development strategies under the New Development Framework.
  • In addition, we analyze China's financial stabilization and externalization strategies to prevent systemic risks arising from the domestic economic growth paradigm, as well as its financial market system overhaul policies to advance financial development.

China's Digital Trade Development Strategy and Implications
  • Helps understand the construction process of China's digital trade policy and the characteristics of digital trade norms
  • Analyzes China's digital platform market, related systems, and major company cases
  • Analyzes China's entry into major digital trade cooperation regions and their cooperation policies to draw implications

Assessment and Implications of Economic and Social Changes in Hong Kong
  • Since the massive anti-Extradition Law protests in Hong Kong in 2019, mainland China's intervention in Hong Kong has intensified, raising international concerns about Hong Kong's economic and social functions, including its role as an international financial hub and transit trade center.
  • Five years after the events in Hong Kong, it is believed that data have been accumulated to enable empirical analysis of the changes and impacts in Hong Kong.
  • Therefore, this report comprehensively analyzes the changes that have occurred in Hong Kong over the past five years, focusing on the economic, political, and social sectors, and draws implications for our foreign economic policy.

Japan'S Strategy to Secure Critical Mineral Resources and Implications for Korea-Japan Cooperation
  • Analyzes Japan's critical mineral security measures under the Economic
  • Security Promotion Act and domestic and international mineral resource development strategies and achievements
  • Analyzes Japan's mineral resource supply chain risks and resource cooperation
  • Analyzes cases of joint development of overseas mineral resources in Japan and Korea

Policies and Implications of Strengthening Supply Chain Linkages in Major Industries in Three North American Countries
  • Analyzes the supply chain reorganization policies centered on North America (U.S., Mexico, and Canada) that the U.S. is promoting in key industries (semiconductors, batteries, critical minerals, and bio) to strengthen its economic security, and the industrial policies of Canada and Mexico in response.
  • Analyzes the current status of supply chain and technology cooperation in major industries in the three North American countries.
  • Explores Korea's responses to the strengthening of North American supply chain linkages and ways to cooperate with them

Assessment of Korea's Trade Environment and Policy Challenges in Latin America
  • Examines the size and changes in Korea's exports to Latin American markets, changes in export patterns, and changes and characteristics of Korea's exports to Latin America due to the establishment of global value chains.
  • Evaluates policy issues proposed in existing research on Korea-Latin America trade, such as exploring new export markets and diversifying export products, expanding FTAs with Latin American countries, and improving non-tariff barriers in Latin America.
  • Analyzes the causes of Korea's sluggish exports to Latin America and makes policy recommendations for expanding Korea's trade and exports to Latin America.

Implications of the EU's Climate Neutral Strategic Technology Promotion Policy for Global Supply Chain Reorganization
  • This study examines the industrial and trade policies implemented by the EU and analyzes the impact of these policies on global supply chains and Korean industries and companies.
  • In particular, it identifies the supply chain status of 'climate-neutral strategic technologies' designated through the Green Deal Industrial Plan, providing a reference for domestic companies to export, direct investment, and localization.
  • Through this analysis, we will identify areas for Korea-EU cooperation on climate change response and eco-friendly technological innovation.

ASEAN's Cooperation Strategy with Major Countries and Implications for Enhancing ASEAN-Korea Cooperation
  • Amidst the intensifying competition for cooperation among major countries surrounding ASEAN, South Korea is also seeking to expand its strategic cooperation with ASEAN by announcing plans to implement a new ASEAN-Korea Solidarity Initiative (KASI).
  • As the successful implementation of KASI requires the enhancement of trust between ASEAN and Korea as strategic partners, it is necessary to reassess the value of ASEAN-Korea cooperation to ASEAN by analyzing what cooperation strategies ASEAN has with its key interlocutors.
  • This study aims to identify policy issues for enhancing ASEAN-ROK cooperation by examining ASEAN's response to the India-Pacific regional order and the incentives for expanding cooperation with its key interlocutors.

Political and Economic Determinants of Protectionist Trade Policies: Focusing on The Case of Major Countries
  • Contributes to the improvement of Korea's ability to respond proactively to trade issues by identifying the political and economic factors that endogenously drive protectionist policies, recognizing that it is difficult to respond proactively to trade issues under the perception that other countries' protectionist measures are given exogenously.
  • Using theoretical and empirical approaches in economics to explain the causes of protectionist policies, we understand the causes of protectionist policies of major countries in the world that have recently had a significant impact on the Korean economy.
  • Conducts in-depth case studies of protectionist policies in key industries in major countries to understand the generalities and specificities across countries and draws implications for Korea's mid- to long-term response strategy and trade negotiation policy.

Socioeconomic Changes and Implications of Digital Transformation in India
  • At a time when the global digital transformation is accelerating and gaining importance, digital transformation has been the most important trend in India over the past few years.
  • This study examines the achievements and limitations of India's digital transformation, analyzes its impact on the country's economy and society, and draws implications for Korea-India economic cooperation.
  • To this end, the study will measure the degree of digital transformation in India and analyze the degree of transformation by industry, analyze India's digital transformation strategy, analyze the economic impact of digital transformation, and analyze the social impact of digital transformation.

India's SOE-led Economic Development Strategy and Korea-India Cooperation
  • Indian SOEs are expected to continue to play a major role in the country's economic development strategy.
  • The purpose of this study is to examine the roles and projects of Indian SOEs in key industries and to analyze which SOEs Korean companies can collaborate with and utilize when entering India.
  • The study will also identify the characteristics and needs of Indian SOEs in key industries and provide strategies for Korean companies and the government to promote cooperation.

Changes in Central Asian Global Value Chains after the Ukraine War and Implications for Korea-Central Asia Cooperation
  • Analyzes changes in the structure and characteristics of Central Asian GVCs before and after the Russia-Ukraine war in 2022: Identifies period-specific characteristics of global value chains by country and industry in Central Asia
  • An empirical analysis of the impact of external shocks such as the war in Ukraine on Central Asian value chains
  • Based on the results of the Central Asian GVC analysis, this study will forecast future structural changes and select areas where synergies can be maximized in Korea-Central Asia economic cooperation.

Gulf States' Asia-Focused Policy and Korea's Response
  • Changes in the global order and the weakening of U.S. influence in the Middle East, coupled with the reduction of U.S. involvement in the region, have led countries such as China and India to expand cooperation with countries in the region.
  • Expanding cooperation between East Asia and the Middle East (especially the Gulf) is creating new opportunities for Korea, but at the same time, it is facing competition from other Asian countries.
  • This study analyzes the background and major policies of the GCC countries' Asia-focused policies, and draws implications for Korea's policy toward the GCC by analyzing trends in economic cooperation between Asia and the GCC countries.

Strategy to Secure Critical Minerals through Korea-Africa Resource Cooperation
  • As the demand for green minerals is expected to surge due to global carbon neutrality and industrial paradigm shifts, competition for resources is expected to intensify, and major countries have established Critical Mineral Strategies to stabilize the supply chain of key minerals.
  • The Korean government has also established a "Strategy for Securing Critical Minerals" in 2023, and it is expected that it will be necessary to establish cooperation strategies by sector, region, and mineral to materialize it, so a study is needed to analyze information on critical minerals by region and derive cooperation measures.
  • This study analyzes information on the resource status of Africa and cooperation trends in the field of critical minerals in the region to examine the possibility of cooperation with Africa as a partner for stabilizing core mineral supply chains, and draws policy implications for diversifying resource supply chains and strengthening cooperation with Africa.

Current Use of ODA Evaluations and Ways to Improve their Usefulness
  • A research on evaluation methodologies that can improve the usefulness of evaluations by diagnosing the current status of evaluation utilization by ODA agencies in Korea and analyzing constraints.
  • A comprehensive review of theories and cases on evaluation utilization and usability to derive criteria for evaluation usability analysis and comparatively analyze the advantages and disadvantages of various evaluation methodologies.
  • Derives evaluation methodology and policy recommendations for ODA agencies to improve the utilization against evaluation costs by suggesting ways to apply usability-oriented evaluation methodologies.

Refugees and Forced Migration in the Era of Complex Crises: Current Status and Challenges for Korea
  • A discussion on the changing concept of refugees due to the global complex crisis and the rise of emerging security concepts and the integrated approach of development cooperation in support policies
  • Examines structure and challenges of the screening and support system for refugees in Korea
  • A micro-scale survey and empirical analysis of the refugee influx and resettlement process in Korea