The Development Financial Resources of Post-2015 period

Sponsored by Ministry of Strategy and Finance, supervised by the Korea Association for Policy Development, EDCF of Korea Exim Bank supported the seminar on ‘Financial Resources for the Development of the Post 2015 Period.’., at the International Conference Hall on May 21, 2015. The seminar started by opening remarks of Professor Chongsup Kim, the dean of GSIS, and was followed by the in-depth discussion by experts from schools, NGOs and other organizations on the issue of the development financial resources. This is one of the critical issues to carry out sustainable development goals, which is a new development agenda set after MDG that will end by this year. The issues of the development financial resources include trends of development financial resources and Korea’s policy adjustments, sustainable economic development, roles of infra, development finance and knowledge sharing as non-financial developing resources, and expansion of private financial resources.

FTA Special Lecture Series: Faces of Korea's Manuacturing

On April 16, 2015, Dr. Moonjoong TCHA from KDI gave a lecture on the topic of “Faces of Korea’s Manufacturing Overview”. Dr. Tcha provided a constructive overview on the history of Korean industrial policy and analyzed current trends and future prospects of Korean manufacturing industry in relation to high integration of GVCs and the rise of service sector. Through a value added approach and employment share approach of understanding the manufacturing sector in terms of exports, productivity, and GDP contribution, he emphasized a need for structural reform in the Korean industry in sector in order to combat non-convergence trap problem, while facing continuous slowdown of Korea’s economic growth.

The Result of UR Negotiation Process and Prospects of DDA Development Direction

On May 21, 2015, Mr. Yoo, Byung Rin, former Deputy Minister of Agriculture for Trade, gave a lecture on “UR Negotiation and the Prospects of DDA.” Deputy Minister Yoo explained comprehensive timeline of the UR and DDA negotiation with comparative analysis on how these two rounds are similar and different in terms of scope, mechanism, and environment. Based on his own experience of sitting at numerous negotiation tables along with Korea’s trade negotiation history, his elaboration on interesting anecdotes related to specific meetings provided even more lively descriptions of actual negotiation settings. He emphasized the important role of the agricultural sector in terms of Korea’s trade policy and signified the need for general and embodied method for concession in the WTO for the current DDA negotiation to reach certain agreements.

South Korea and the Nuclear Umbrella: Extended Detterence and Nuclear Weapons

Dr. Terence Roehrig, Professor of National Security Affairs, the Director of the Asia-Pacific Studies Group US Naval War College gave a special lecture at GSIS on May 13, 2015. Professor Roehrig talked about the US Nuclear Umbrella and South Korea, elaborating on the extended deterrence and use of the Nuclear Weapons. Roehrig started by affirming the strong alliance between the US and the Republic of Korea adding the strong credibility of the defense commitment of the US. Yet, he doubted the likelihood of the US actually using nuclear weapons against North Korea, though not disregarding the possibility altogether.

TPP Negotiation: History, Negotiation Dynamics and Prospect

On April 27, 2015, Dr. Deborah Elms, the Executive Director of the Asian Trade Center in Singapore, gave a lecture on the topic of “Origins, Evolution and Current Status of TPP Negotiations.” As the bilateral negotiation between the US and Japan is known to be agreed and the TPP negotiation is imminently heading to a conclusion, this lecture timely served the students’ interests in such a proper way. Dr. Elms provided well-arranged and extensive explanations on the details of TPP history, agreed draft contents, and prospects. As TPP was often mystified due to tight control of information, students were eager to engage in the discussions on this allegedly new “21st century high quality” agreement.

2015 Academic Symposium for Emerging Scholars

On April 17, 2015, Symposium for Emerging Scholars hosted by the International Society of Fair Trade (ISFT) took place at the International Conference Hall. Many young and eager scholars who received prizes last year for their excellent thesis were given opportunities to make presentations about their research to experts and fellow scholars. There were two groups from SNU GSIS taking part JiYeong Yoo, and Dongchul Kwak and Minju Kim. They presented about WTO countervailing duties in conjunction with preexisting WTO laws, and also about the effects of exchange rates on anti-dumping investigation processes, respectively. Other topics included economic effects that existing FTAs have on new FTAs and trade patterns between Korea and different parts of China.

The ISIS Problem and Turkey's Problem

On 21th of April, Abdulhamit Bilici, the general director of Cihan news agency from Turkey, made a special lecture at the International Conference Hall. Bilici said ISIS has become a domestic problem for Turkey and at the same time externally, Turkey is now being blamed of supporting radical groups in the opposition sides, one of which is the ISIS, since the Syrian crisis. Turkey, with its relatively more democratic nature, decided to side with the opposition side of Syria. Bilici stressed that the problem was ISIS’s rise, which gives Assad an important legitimacy. He called for more active roles by legitimate Muslim leaders and scholars.

New Trade Policy and Road Map of the Government

On May 7, 2015, Mr. Kim, Hakdo, Executive at the Ministry of Trade, Industry, and Energy of Korea, gave a presentation on the “New Trade Policy Road Map of the Government.” Mr. Kim first provided a short history of Korean trade policy directives up to the current era, and explained how the current trade environment is changing through ongoing plurilateral mega-FTA negotiations, such as the TPP, and how the Korean government is trying to cope with new conditions via scrutinized policy objectives.

The Opening Ceremony of CHAMP

Seoul National University has opened CHAMP at GSIS. CHAMP is Global Leaders Program to produce outstanding experts on China. Opening Ceremony for CHAMP was held in the evening of April 7th at the International Conference Hall of GSIS. The program aims to educate the Korean high level officials. As China has grown rapidly as country with USD 10 trillion market economically, relationship between Korea and China in politics, economy, society, culture have upgraded as a whole range of cooperative stage. Social perception of high level government officials on China needs to be changed.