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Korea’s Economy Volume 27

20 Publications

A Reflection on the Seoul Summit

The world of the twenty-first century is not the world in which I grew up. Then, influence and power were centered in the so-called industrialized world—Western Europe, Japan, and North America. For better or worse (and I think largely for better), it was the United States, “leader of the free…

Korea’s Green Growth Strategy: A Washington Perspective

When the global financial crisis tore through world economies, national budgets around the world were immediately funneled to stabilize and revive the energy-intensive industries impacted by the market maelstrom. Yet, the Republic of Korea (ROK) saw the fiscal downturn as an opportunity to invest in new engines to power its…

System Architecture for Effective Green Finance in Korea

Every country is increasingly interested in the green economy and developing green growth. Different principles, strategies, and methods have been announced. Korea has also acknowledged the importance of the green economy. Because this is a common interest around the world, Korea is pursuing various ways to collaborate with other nations.…

An Ocean of Trouble, An Ocean of Opportunity

For industrial nations like South Korea, the stakes are high as increasing competition among populous Asian countries for dwindling resources presents a very serious threat to economic stability and national security. As a member of the Group of 20 and a technological and economic leader in the world, South Korea…

Korean Green Growth in a Global Context

Green growth was put into policy actions by the Korean government in January 2009. Having adopted “low carbon, green growth” as the new national vision put forward by President Lee Myung-bak on the occasion of the 60th anniversary on 15 August 2008 of the founding of the Republic of Korea,…

Korea: Economic Prospects and Challenges after the 6 Global Recession

Korea’s V-shaped recovery from the Great Recession that began in early 2009 was among the fastest in the world and gave way to a robust expansion in 2010 that is now in full swing. This impressive growth was initially driven by supportive macroeconomic and financial policies and normalization of global…