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Current Topics

RESEARCH

Research on Policy Tasks for Rebuilding Korea’s Global Production Network
  • Analysis and outlook on changes in global production networks with a focus on decoupling from China
  • Examination of the impact of global production network restructuring on Korea’s industrial productivity
  • Analysis of the background and policy responses of major countries to global production network restructuring
  • Identification of policy tasks for the effective rebuilding of Korea’s “Next China” global production network

Macroeconomic Impacts and Implications of Global Demographic Changes
  • This study aims to understand the macroeconomic impacts of global demographic changes from a multinational perspective rather than a single-country viewpoint.
  • Comprehensive analysis performed to explore the implications of and policy insights on global and Korean demographic shifts, including the effects on growth, interest rates, technology and productivity, business cycles, industry/consumption and trade, and the current account and net foreign assets

Study on Promoting International Workforce Exchange to Address Labor Supply Imbalances
  • Identification of labor shortages and supply-demand imbalances in Korea and key countries and analysis of related systems, yielding policy implications through case studies
  • Review of workforce exchange policies and talent attraction strategies implemented in the EU, North America, Japan, ASEAN, and India to mitigate labor shortages
  • Quantitative analysis of the effectiveness of systems related to cross-border mobility of skilled and unskilled labor, leading to implications for Korea

Global High-Debt Trends and Macroeconomic Implications
  • Understanding of trends and structural changes in global and Korean debt
  • Examination of relationship between debt, financial crises, and growth slowdowns, and derivation of policy implications

Economic Impacts and Implications of the Spread of Global Tariff Barriers
  • We anticipate a potential rise in global tariff barriers following the major elections held in 2024, driven by factors such as widening trade deficits and economic security concerns, particularly in key trading partners like the United States, the EU, and China.
  • Accordingly, we aim at a comprehensive analysis of the impact of major countries’ tariff policies on Korea’s economy to contribute to the development of future trade strategies for Korea.

Study on Leveraging Trade Agreements to Stabilize Critical Mineral Supply Chains
  • Assessment of current state of critical mineral supply chains, together with detailed analysis of Korea's import dependency
  • Network analysis of countries with existing critical mineral agreements and analysis of related trade data to identify countries with which Korea should consider new agreements
  • Identification of provisions in Korea’s existing agreements for use toward stabilizing critical mineral supply and recommendation of measures for improving current agreements
Study on Korea’s Participation in Technology Supply Chains and Trade Policy Directions
  • An assessment of Korea’s technology supply chains in key export industries (e.g., semiconductors, batteries, EVs, displays) amid the accelerated restructuring of global supply chains, and proposal of policy alternatives for the future
  • Analysis of the potential impacts on Korea’s exports from the shift toward an industrial structure reliant on future technologies, such as AI and automation, in the context of global supply chain fragmentation and bloc formation

Analysis and Outlook on the Economic Impact of U.S. Foreign Economic Policy
  • Analysis of trends and shifts in U.S. foreign economic policy to derive policy implications for Korea’s trade and industrial policy in relation to the United States
  • Key themes in U.S. foreign economic policy identified as : prioritizing domestic interests, countering China, and supporting critical emerging technologies (CET), along with an examination of the policy drivers and current status
  • Based on the above, evaluations are made of the economic impacts of U.S. foreign economic policy themes on both the United States and Korea, thus formulating potential responses for Korea.

Diversification of China’s Overseas Production and Supply Bases and Competitiveness Analysis between Korea and China
  • Analysis of China’s strategy for strengthening supply capacity and diversifying production and supply bases in line with its new development model focused on qualitative productivity
  • Identification of China’s major overseas production and supply bases, followed by a comparative analysis of Korea and China’s competitiveness in the areas of trade, investment, cooperation frameworks, cooperation cases (technology, standards, enterprises), and local conflict factors for each base region
  • Evaluation of competitive dynamics between Korea and China in key global supply chain regions, and analysis of strategies for Korea to diversify its supply chains, enhance competitiveness, and upgrade its approach toward China

Focused Study on China’s Mid- to Long-Term Growth Outlook and Structural Changes in Growth Model
  • First an assessment is performed on the prolonged slowdown in China’s economic growth, factoring in its close economic ties with Korea, to preemptively evaluate its potential impacts on Korea based on the Korea-China economic relationship.
  • Follwing this, China’s potential growth trajectory is projected over the mid- to long-term through scenario analysis incorporating factors contributing to its economic slowdown, followed by an analysis of the Chinese government’s response policies, including risk management, growth driver transformation, industrial innovation, and enhancement of government credibility.
  • Finally, structural changes in Korea-China economic cooperation are examined and potential impacts of China’s economic slowdown on Korea are identified, with the aim of proposing strategies to realign bilateral cooperation.

Changes in Japan’s Semiconductor Supply Chain Structure and Implications for Korea
  • Analysis of Japan’s semiconductor supply chain structure to identify the competitiveness of Japan’s semiconductor industry and its supply chain linkages with key countries
  • Japan’s semiconductor strategy is examined, including current initiatives and challenges, to derive implications for Korea-Japan and Korea-U.S.-Japan cooperation.
  • Analysis of Korea-Japan cooperation in the semiconductor sector from the perspectives of supply chain stabilization and industrial collaboration (enhancing industrial competitiveness), with a focus on exploring future directions for private-sector cooperation

Study of North Korea's New Domestic and External Economic Strategies in an Era of Complex Crises
  • Identification of North Korea's new domestic and external economic strategies in response to prolonged complex crises, the restructuring of Northeast Asian order, and the emergence of cryptocurrencies, coupled with an analysis of North Korea's economic conditions using novel methodologies such as satellite data, to project potential directions for change and derive implications for South Korea’s North Korea policies
  • Detailed examination of factors including the prolonged complex crises, the restructuring of Northeast Asia, and the use of cryptocurrency hacking as a new means of earning foreign currency, with an analysis of North Korea's perceptions and their impacts on its economy
  • Analysis of new domestic and external economic strategies that the North has been attempting, to evaluate the potential shift toward market socialism
  • Assessment of the impacts of North Korea's new economic strategies on its economy using advanced satellite data analysis

Analysis of India’s Advanced Strategic Industries and Cooperation Strategies with Korea
  • Recognizing India as a strategic partner strengthening its collaboration with Western countries in advanced strategic industries, and with significant potential as a market expansion and industrial development partner.
  • In this study we analyze the characteristics and competitiveness of India’s advanced strategic industries—focusing on automotive and batteries, electronics, bio-pharmaceuticals, aerospace, green energy, and IT sector—along with trade and investment outcomes under the Modi government and industrial and trade policies in his third term, as well as an evaluation of government-level international cooperation networks.
  • We identify promising agendas for bilateral and multilateral cooperation with India to contribute to initiatives such as the Korea-India Industrial Cooperation Committee and trilateral Korea-U.S.-India dialogues on next-generation core and emerging technologies, while fostering expanded partnerships between Korean and Indian companies.

Analysis of Industrial Clusters in the Bay of Bengal and Strategies for Utilization under Supply Chain Restructuring
  • This study builds upon the recognition of the Bay of Bengal's major industrial clusters as promising destinations by global companies seeking to implement their supply chain diversification strategies.
  • Following extensive analysis of the importance, competitiveness, and development plans of industrial clusters in the Bay of Bengal region, we aim to identify opportunities while assessing risks related to geopolitics and natural disasters.
  • Finally, we conclude with proposals for economic cooperation strategies to utilize the region’s clusters, development cooperation measures and support supply chain risk management, together with contingency plans to address escalating uncertainties.

Study on the Potential for Economic Bloc Formation Following Expansion in BRICS Economies and Korea’s Policy Directions
  • With Middle Eastern and African countries joining BRICS on January 1, 2024, economic cooperation among BRICS+ member states is expected to intensify, alongside concerns over the potential for economic bloc formation and increased political influence centered on BRICS+.
  • This study aims to analyze the geopolitical drivers and limitations of BRICS+ expansion, the impact of new membership on the economies of newly joined countries, the likelihood and future trajectory of BRICS+ bloc formation, the implications of BRICS+ expansion for global governance, and responses on the part of G7 members, to derive policy directions for Korea.
  • By examining the possibility of economic bloc formation centered on BRICS+ amid U.S.-China competition, this study seeks to contribute to effective economic security strategies by Korea.

Emerging Manufacturing Bases in Key Regions and Implications : Focus on Africa and Southeast Asia
  • As Korean companies seek new manufacturing bases to replace China and Vietnam, several countries in Africa and Southeast Asia are pursuing industrialization through the development of their manufacturing sectors to enhance value-added production and economic resilience. These regions present potential opportunities for expanding Korea’s economic cooperation.
  • Amid recent shifts in the global economic structure, African and Southeast Asian nations are emerging as strategic economic partners due to their abundant labor and resources. However, the coexistence of factors both facilitating and hindering industrialization necessitates an evaluation of manufacturing development and the potential for collaboration with Korea.
  • This study examines the state of industrialization in Africa and Southeast Asia to assess the regions’ potential as manufacturing bases for Korean companies. It also analyzes the strategies and presence of major international players (Japan, China, the EU, and the United States) in these regions to identify priority countries and industries for trade and investment diversification. The findings will yield policy implications for the diversification of Korea’s trade partners and advancement of its external economic strategy.

Study on Global Order Shifts and a New Northern Strategy
  • This study aims to propose the directions and tasks for a new Northern Strategy by comprehensively addressing challenges within structural transformation of the global order, including the return of geopolitics, shifts in globalization, and the polarization and fragmentation of international relations.
  • A Computable General Equilibrium (CGE) model is used to measure the economic spillover effects of economic cooperation with Russia-centered Northern countries, analyzing impacts on GDP, total consumption, and total investment under various simulation scenarios.
  • Highlighting the need to strategically leverage the Northern region not only in diplomatic and security contexts but also in economic and industrial domains to establish Korea as a pivotal global player, the study emphasizes the need to identify unique areas for collaboration and expand sectoral autonomy to advance this strategy effectively.

Study on Sustainable Medium- to Long-Term Expansion Strategies for ODA
  • Strategies must be formulated when operating international development cooperation budgets to expand Official Development Assistance (ODA) while alleviating fiscal burdens, in light of the inevitability of ODA scale-up to fulfill Korea’s role as a pivotal global player.
  • Private sector instruments (PSIs) from overseas Development Finance Institutions (DFIs) could be counted as ODA under criteria set by the OECD Development Assistance Committee (DAC).
  • As such, there is a need to newly assess the effectiveness of ODA expansion through PSI utilization measures and to derive policy implications for ODA budget management.

Climate Change Challenges and Cooperation Strategies for Developing Countries from a Resilience Perspective
  • Recognizing resilience, particularly climate resilience, as a critical issue for achieving Sustainable Development Goals (SDGs) amid recent global crises affecting developing countries.
  • This study aims to expand conceptual understanding of resilience, analyze the impacts of climate change on developing countries, and examine international cooperation strategies and achievements to strengthen climate resilience in these nations, ultimately deriving implications for Korea's cooperation strategies.

Korea's Cooperation Strategies to Facilitate Green Digital Transition in Developing Countries
  • While the “twin” transition of green and digital policies has emerged as a core agenda globally, policy research on facilitating green digital transitions from the perspective of developing countries and Korea's role in such efforts remains relatively underdeveloped.
  • Given their lower levels of carbon emissions compared to advanced economies, developing countries urgently need to prioritize the environmental sustainability of digital transitions and ensure the viability of a "green digital transition," rather than focusing solely on direct applications of digital technologies for emissions reduction.
  • By empirically demonstrating the carbon emissions associated with digital sectors and reviewing the needs of developing countries alongside the current state of international cooperation, this study aims to derive actionable cooperation strategies and implications for Korea to support the green digital transition in developing countries.