Policy Analyses
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Policy Analyses
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Korea's Mid- to Long-Term Economic Strategy for Russia
It has been 17 years since the diplomatic relations between Korea and Russia normalized. Recently, economic cooperation has steadily developed in trade- investment cooperation fields, along with energy, railroad, science-technolog..
Jae-Young Lee et al. Date 2007.12.30
Economic relations, Economic cooperationDownloadContentSummaryIt has been 17 years since the diplomatic relations between Korea and Russia normalized. Recently, economic cooperation has steadily developed in trade- investment cooperation fields, along with energy, railroad, science-technology and aerospace industries. According to 2005 data, the trade volume between the two countries reached approximately US$10 billion and Russia was the 12th largest importer of Korean goods and the 16th largest exporter to Korea. By the end of 2006, the accumulative amount of Korean investment toward Russia was $371,560,000, and Russia is marked as the 28th largest recipient of Korean foreign investment. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the EU
This report addresses where Korea's mid- and long-term strategies must be directed in order to effectively respond to the rapid change in the EU's internal and external territories such as the expansion and deepening of the EU, as..
Bak-Soo Kim et al. Date 2007.12.30
Economic cooperation, Trade structureDownloadContentSummaryThis report addresses where Korea's mid- and long-term strategies must be directed in order to effectively respond to the rapid change in the EU's internal and external territories such as the expansion and deepening of the EU, as well as the rapid globalization, the expansion of regionalism by free trade agreements(FTA), and the change of the global economy and trade structures landscapes by the rising of China's economy. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the Latin America
Since the 1990's, Latin America's abundant natural resources and reform policies have increased growth and development potentials in the region. As a result, Latin America is now considered as one of the most noteworthy emerging m..
Ki-Su Kwon et al. Date 2007.12.30
Economic relations, Economic cooperationDownloadContentSummarySince the 1990's, Latin America's abundant natural resources and reform policies have increased growth and development potentials in the region. As a result, Latin America is now considered as one of the most noteworthy emerging markets in the 21st century. In the last three years, Latin America's high growth rate of 5% transformed the region into a dynamic economic center and further increased its strategic value. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the North America
Korea concluded a free trade agreement (FTA) with the United States (KORUS FTA) in June 2007 and Korea is expected to conclude an FTA with Canada in 2008. The KORUS FTA is the most comprehensive FTA among any Korea has ever conclu..
Junkyu Lee et al. Date 2007.12.30
Economic cooperation, Trade policyDownloadContentSummaryKorea concluded a free trade agreement (FTA) with the United States (KORUS FTA) in June 2007 and Korea is expected to conclude an FTA with Canada in 2008. The KORUS FTA is the most comprehensive FTA among any Korea has ever concluded. The Korea-Canada FTA is supposed to achieve a level of commitment very similar to that of the KORUS FTA. It is even discussing a chapter on Temporary Entry of Natural Persons, which could contribute to the movement of business persons, traders, and professional service suppliers. Because of these FTAs with North American economies such as the US and Canada, Korea's economic relationship with these countries will be different from what they once were. New economic, legal, strategic, and political horizons will arise from the previous one without an FTA between Korea, Canada, and the United States. (The rest is omitted.) -
Internationalization of Korean Won and its Implications on Korean Economy
As the Korean economy grows in size and importance, in particular, in the international trading of physical products as well as financial instruments, the argument of the internationalization of Korean Won is being raised more oft..
Wonho Song et al. Date 2007.12.30
Financial policy, Monetary policyDownloadContentSummaryAs the Korean economy grows in size and importance, in particular, in the international trading of physical products as well as financial instruments, the argument of the internationalization of Korean Won is being raised more often than before. Moreover, the Korean government recently issued a medium and long-term plan for upgrading foreign exchange system of Korea and it contains as part the internationalization of Korean Won to complete Korea's continual efforts to liberalize foreign exchange market. The rules and regulations involving the internationalization of Korean Won is the last remaining regulations and they will be removed or deregulated as the economy becomes more open. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for Africa
Africa should be recognized as a new cooperation partner for the 21st century, no longer as a 'continent in crisis.' African countries still remain an underdeveloped niche in the global market, and we need to pay attention to thei..
Young Ho Park et al. Date 2007.12.30
Economic development, Economic relationsDownloadContentSummaryAfrica should be recognized as a new cooperation partner for the 21st century, no longer as a 'continent in crisis.' African countries still remain an underdeveloped niche in the global market, and we need to pay attention to their massive potential. Our neighboring countries, such as Japan and China, have been attracted to Africa's potential value and have made efforts to develop Africa by supporting official development assistance (ODA) and various cooperative channels. Africa's strategic value for Korea is listed below. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for the Middle East
While the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, i..
Bokyeong Park et al. Date 2007.12.30
Economic relations, Economic cooperationDownloadContentSummaryWhile the international price of oil has been continuously skyrocketing for several recent years, the all-time highs for oil prices will possibly continue in the middle and long terms. After the arrival of newly high oil prices, immense oil money has poured into the Middle East. With the revival of the Middle Eastern economy based on the oil money, this region has become a cynosure of global economies. This study begins with a comprehensive analysis of the economic trends in the Gulf region and aims to suggest the direction of mid -and long- term trade policy toward the Middle East. In particular, this study analyzes the economic development strategies and economic outlook of the Gulf Cooperation Council (GCC) countries; the positions and policies of foreign economic cooperation of these countries; and the world's major economies' cooperative policies with the Gulf region. Finally, this report suggests mid - and long- term trade policy strategies for Korea toward the Gulf region. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for India
The Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian econo..
Soon Cheul Lee et al. Date 2007.12.30
Economic cooperation, Trade policyDownloadContentSummaryThe Indian government, after its independence in 1947, pursued a closed economic development strategy. The policy brought about inefficient resource allocation and low productivity in its economy and, as a result, the Indian economy was trapped in the so called 'Hindu growth rate' of 3 5%. This trend changed dramatically after the Indian government adopted an open and reformative economic policy in 1991. From 1991 to 2002, the Indian economy experienced over 6% growth and expanded further after 2003 at more than 8% growth rate per year. (The rest is omitted.) -
Global Outsourcing: Challenge and Response of Korea
This report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.)
Hea-Jung Hyun et al. Date 2007.12.30
Business management, Overseas direct investmentDownloadContentSummaryThis report aims to draw policy implications from the analysis of the determinants and outcome of global outsourcing carried out by Korean firms. (The rest is omitted.) -
Korea's Mid- to Long-Term Economic Strategy for Oceania
Oceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries..
Hansung Kim et al. Date 2007.12.30
Economic relations, Trade policyDownloadContentSummaryOceania is comprised of numerous lands, mostly islands in the Pacific Ocean such as Cook Island, Fiji, and French Polynesia, and includes Australia and New Zealand, the two developed nations in the region. Although these countries are classified as Oceania, there is immense diversity in political, economic, social, diplomatic, and historical aspects among these nations. (The rest is omitted.)