Policy Analysis
News Type
Commentary
Date
Paragraphs
All News button
1
-

Image
keunlee 2012
Keun Lee, winner of the 2014 Schumpeter Prize and a professor of economics at Seoul National University, will explore the Schumpeterian hypothesis that the effectiveness of the national innovation system (NIS) of a country determines its long term economic performance, using the case of South Korea as an example. Professor Lee will present an overview of South Korea’s NIS during the “catch-up” and “post-catch-up” stages; and will compare the Korean case with the NIS of European economies to derive comparative lessons. He will also address specific innovation issues in Korea, such as commercializing knowledge in the public sector.

Professor Lee authored Economic Catch-up and Technological Leapfrogging: Path to Development & Macroeconomic Stability in Korea (2016, E Elgar); and Schumpeterian analysis of Economic catch-up (Cambridge University Press, 2013: awarded Schumpeter Prize). He is currently president of the International Schumpeter Society, a member of the Committee for Development Policy of the UN, an editor of Research Policy, an associate editor of Industrial and Corporate Change, and a council member of the World Economic Forum. He obtained a PhD in economics from the University of California, Berkeley, and worked at the World Bank, University of Aberdeen, and the East West Center, Hawaii. One of his most cited articles is a paper on Korea’s Technological Catch-up published in Research Policy, with 1,000 citations (Google Scholar). His H-index is now 35, with 85 papers with more than 10 citations.

Keun Lee <i>Professor of Economics, Seoul National University</i>
Seminars
News Type
Commentary
Date
Paragraphs

A recently published book in Korean by Shorenstein Asia-Pacific Research Center (APARC) director Gi-Wook Shin has been featured in various media in South Korea. In this book, Superficial Koreathe author discussed the importance of inter-Korea dialogue in dealing with North Korea issues.

The interviews and comments can be viewed in the following links:

Munwha Ilbo (interview in Korean)

Yonhap News (book review in Korean)

Munwha Ilbo (book review in Korean)

Kyunghyang Shinmun (book review in Korean)

All News button
1
Paragraphs

The seventeenth session of the Korea-U.S. West Coast Strategic Forum held on June 29, 2017 in Seoul convened senior South Korean and American policymakers, scholars and regional experts to discuss North Korea policy and recent developments on the Korean Peninsula. Hosted by the Sejong Institute in association with the Shorenstein APARC, the forum continued its focus on Northeast Asian regional dynamics, the North Korea problem, and the state of the U.S.-Republic of Korea alliance. The participants engaged in candid, productive discussion about issues relating to these topics.

 
All Publications button
1
Publication Type
Policy Briefs
Publication Date
-

Through 20 weeks of persistent and peaceful demonstrations, South Koreans called for their former president's impeachment which resulted in a special presidential election in May. Moon Jae-in, a candidate from a progressive party, was elected and took over the Blue House immediately.

kim jin pyo headshot Kim Jin Pyo
Kim Jin-pyo who served as Chairman of the State Affairs Planning Advisory Committee under President Moon during the transition period will discuss the new administration's socio-economic policies on major topics including job creation, income growth, and a fair economy.

Kim, a National Assembly Member for a fourth term, served as Vice Prime Minister and Minister of Education and Human Resources Development (2005-06); Vice Prime Minister and Minister of Finance and Economy (2003-04); vice chairman of the transition committee under President Roh Moo-hyun; and Senior Secretary of Policy and Planning to President Kim Dae-jung in 2002.

Kim received a BA in law from Seoul National University and an MA in public administration from University of Wisconsin.

This event is open to the public and reservations are not required.

Philippines Conference Room
Encina Hall, 3rd Floor
616 Serra Street
Stanford, CA 94305
Directions

Kim Jin-pyo <i>former Chairman of the State Affairs Planning Advisory Committee; National Assembly Member</i>, South Korea
Seminars
News Type
Commentary
Date
Paragraphs

South Korean President Moon Jae-in and U.S. President Donald Trump recently held a summit in Washington, their first face-to-face meeting in a time of heightened tensions on the Korean Peninsula. Experts from the Shorenstein Asia-Pacific Research Center offered insights in a series of publications and press interviews.

In advance of the summit, William J. Perry Fellow Kathleen Stephens spoke on Bloomberg television about the challenges facing the United States and South Korea, and how those challenges would be prioritized during the bilateral meeting.

Moon would be bringing the message that the U.S.-South Korea alliance is a “strong one and that he remains committed to it,” and that, “only by working transparently and closely together” could the two countries address areas of concern, Stephens said.

“Only when Washington and Seoul are able to talk very frankly to each other and come up with a coordinated plan do we have any chance of making some progress on North Korea,” she added.

Stephens joined the program from Seoul, where a group of Shorenstein APARC faculty and fellows participated in a public seminar and the Korea-U.S. West Coast Strategic Forum, a biannual conference that seeks to foster dialogue about issues affecting the Korean Peninsula and the U.S.-South Korea alliance.

The seminar, held in conjunction with The Sejong Institute, received press coverage; such articles can be read on the Voice of America website (in Korean) and Sisa Journal website (in Korean).

In an analysis piece for Tokyo Business Today, Associate Director for Research Daniel Sneider assessed the outcomes of the summit between Moon and Trump, suggesting that their meeting was satisfactory – without signs of major discord.

“For the most part, this display of calculated pragmatism worked well. There was no visible daylight between the two leaders over how to handle the North and THAAD totally disappeared from the summit talk, at least in public and in the joint statement issued by the two governments.”

The summit, however, may prove to be a “temporary gain,” Sneider added. “Beneath the smiles, there was plenty of evidence of the gaps, and even the tensions, that exist between a progressive government in Seoul, one that echoes the views of its ideological predecessors of a decade ago, and a nationalist, conservative regime in Washington.”

Read the piece in English and Japanese.

Days after the summit, North Korea test-launched an intercontinental ballistic missile (ICBM), which the United States and South Korea followed by hosting joint military exercises.

Stephens spoke on WBUR radio about the ICBM test launch and the initial reactions of the Trump administration.

“If [President Trump’s] agenda is to take stronger defensive measures against North Korea, I think he will find strong partners in Japan and South Korea,” she said, noting that other measures, such as diplomacy and economic sanctions, have also been used to affect pressure on the regime.

Responding to a question about China’s relationship with North Korea, Stephens said Beijing has not exhausted all possible tools in its efforts to persuade Pyongyang to slow or abandon its nuclear and missile activities. This is because China fears a collapse of the regime and “takes a long view” in its calculus, she said.

This news item has been updated.

All News button
1
Paragraphs

In the days leading up to the Washington summit between South Korean President Moon Jae-in and U.S. President Donald Trump, the tension in Seoul was hard to escape. Fears of an open clash between the two leaders, of a handshake that went on too long, or of a hostile early morning tweet directed at Moon were widespread. But when a senior national security advisor to Moon met a group of American visitors after the first day of talks, he was visibly relieved. The dinner between Moon and U.S. President Donald Trump went so well, he recounted with a slight smile, that it was extended 35 minutes.

All Publications button
1
Publication Type
Commentary
Publication Date
Journal Publisher
Toyo Keizai Online (Tokyo Business Today)
Authors
Authors
Gi-Wook Shin
Rennie Moon
News Type
Commentary
Date
Paragraphs

As expected, Moon Jae-in has been elected as South Korea’s 19th president. In a five-way contest, Moon garnered 41.1 percent of the vote, with strong support from those in their 20s to 50s, winning most of the regions in the country. 

South Koreans’ longing for change had been expressed through the now-famous candlelight demonstrations that lasted for almost twenty consecutive weekends culminating in the impeachment of now former president Park Geun-hye. It was also reflected in the highest voter turnout in two decades, at 77.2 percent.

Just hours after his decisive victory, Moon began his five-year term without the usual practice of a transition team. Moreover, he took office during turbulent times — domestically and internationally — perhaps even more so than when former president Kim Dae-jung took office in 1998 when the nation was struggling with the Asian financial crisis.

First and foremost, Moon must deal with the mounting social and economic challenges that the country is facing. Having entered a period of low-growth coupled with an aging population, the economy confronts a host of difficult issues, including high levels of youth unemployment, income inequality, household debt, elderly poverty and rising social welfare expenditures.

The Moon administration immediately established a ‘job creation committee’ and pledged to create 810,000 jobs in the public sector. But it will not be easy to amass the financial resources needed by a government already struggling with serious budget deficits. Most agree that ‘economic democratisation’ is needed, but the details of how to achieve that — including reforming the chaebol — remain unclear.

Economic uncertainties have been a key factor contributing to social unrest. Words in vogue among South Koreans in their 20s and 30s reflect the social discontent with youth unemployment and inequality that ultimately erupted in the demonstrations.

‘Hell Joseon’ captures a sentiment of what it means to live in South Korea’s hellish reality. ‘Golden Spoons Dirt Spoons’ levels the charge that one’s life course is decided for good by one’s family background. ‘Gapjil’ refers to acts of impunity by the powerful against the weak, while the ‘Sampo generation’ is a generation forced to give up three things: courtship, marriage and children. If Moon fails to live up to the expectations of the country’s youth, a bloc that widely supported him, social discontent and symptoms of unrest will likely return.

Moon also faces daunting tasks in national security matters. North Korea has continued to develop weapons of mass destruction and relations have been all but completely severed. As controversy over the deployment of THAAD (Terminal High Altitude Area Defense) has shown, South Korea remains caught in the middle of a hegemonic struggle between the United States and China.

If that wasn’t enough, South Korea made a deal with Japan on the comfort women issue in late 2015 but the public now demands its renegotiation. South Korean–Russian relations are also at their grimmest. To top it all off, Moon must deal with a formidable set of nationalist and populist leaders — Donald Trump, Xi Jinping, Shinzo Abe, Kim Jong-un and Vladimir Putin — all known for their very strong characters, in stark contrast to Moon’s nice-guy, everyman personality.

The most urgent but also most challenging task is managing inter-Korean relations. As Pyongyang steps up its nuclear and missile programs, Seoul must reaffirm to the international community that it will continue its efforts to denuclearise the North. At the same time, relations between the two Koreas must be improved to strengthen South Korea’s strategic position in the region as well as reduce tensions on the peninsula.

Trump has been sending out confusing messages probably because he has no suitable plan to deal with Pyongyang. As such, if Seoul were to bring to the table a persuasive policy of engagement, Washington would be receptive unless it weakens US efforts towards denuclearisation. Both Beijing (pressured by Washington to solve the North Korean nuclear issue) and Pyongyang (concerned about becoming overly dependent on China) would welcome Seoul taking the initiative to improve inter-Korean relations.

Some pundits at home and abroad worry that the Moon administration might follow in the footsteps of the Roh administration (2003–2008), whose outcomes lagged too far behind its good will to bring about reform. Moon served as Roh’s chief of staff and the two administrations overlap in manpower. But Moon and his team have also learned many lessons from the trial and error of the Roh administration, preparing themselves over the past ten years of conservative rule.

With the new administration in place, political turmoil over the last six months has finally ended. Moon’s first moves as president, including key appointments in the Blue House and opening up communication channels with the public, have been well received. A public poll conducted by Gallup Korea one week after the inauguration showed that 87 percent of the respondents expected him to do well. Despite mounting challenges, South Koreans remain hopeful that their new leader can take the nation to the next level.

This piece was originally carried by East Asia Forum on May 23, 2017, and reposted with permission.

All News button
1
Subscribe to Policy Analysis