Energy geopolitics in East Asia have reflected strong competition among major energy consuming countries (China, Japan and Korea) despite the alleged necessity of energy cooperation to cope with uncertainties in the global energy market and to prevent potential conflicts regarding energy supply. Lacking abundant energy resources, South Korea has to face the tough challenges of energy supply and climate change as well as the North Korean energy and nuclear crisis. In recent years, South Korea has actively pursued overseas energy development to guarantee the stable procurement of hydrocarbon energy resources and introduced a Green Growth policy to deal with the challenges of climate change and clean energy. The Green Growth policy symbolizes a paradigm shift to cope with climate change, fossil fuel depletion, and global economic recession by creating new engines of economic growth through green technology and clean energy. Based on strong political support and policy measures, it has showed noticeable progress in a short period of time, but the transition from a hydrocarbon-based to a renewable-based economy faces enormous uncertainties and challenges. South Korea has also been active in participating East Asian energy cooperation, which is also important in dealing with the serious North Korean energy crisis.

Jae-Seung Lee is a visiting scholar with the Korean Studies Program (KSP) for the 2011–12 academic year, and he is also currently a professor of international studies at Korea University. Before joining the faculty of Korea University, he had served as a professor at the Institute of Foreign Affairs and National Security (IFANS) of Ministry of Foreign Affairs and Trade.  His current research includes energy security and energy diplomacy of Korea.

Jae-Seung Lee has authored a series of books and articles on East Asian energy security. He is a Managing Director of the Center for Energy and Environment at the Institute of Sustainable Development (ISD) at Korea University and has organized the Korea Energy Forum (KEF) since 2005. Professor Lee is editor-in-chief of Korea Review of International Studies and serves as a Member of the Policy Advisory Board of the Presidential Secretariat (Foreign and Security Affairs) and Vice Director of Ilmin International Relations Institute (IIRI). Professor Lee holds a BA in political science from Seoul National University and an MA and a PhD in political science from Yale University. He has taught at Yale University, Seoul National University, and Korea University. 

This event is made possible by the generous support from the Koret Foundation.

Young Muk Jeon, "The Financial Crisis and Life Insurance Companies"

The global financial market clearly rebounded from the shock of the 2008 financial crisis.  However, recently the market volatility has grown due to oil price hikes, the European debt crisis and the anemic U.S. economic growth rate.  A series of financial institutions filed bankruptcies or were sold during the crisis.  However, life insurance companies fared relatively well in terms of financial difficulty.  In his research, Jeon explores the impact of the financial crisis on the life insurance industry and looks at what are the main reasons for the resilience of the life insurance sector.  Furthermore, Jeon presents what kind of strategic actions are needed for life insurers to weather the current turbulent climate.

Jong Jin Lee, "Corporate Communications:  Changing with the Media Environment"

Recent changes have occurred in the modes of communication prevalent in South Korea, a rapidly advancing society where newer varieties of interactive media have significantly displaced traditional print and broadcast media among the youngest and most well-educated segments of the population.  These changes have also had a profound impact on the quality of corporate communications to the public.  In his presentation, Lee will address both the advent of the “netizen” and the hotter media environment for today’s companies in South Korea.  Most critically, he will also discuss the evolution of corporate public relations responses to public perceptions and media depictions of crises, illustrating his narrative with striking examples from his own company’s history.

The designation of a new lead official to oversee U.S. relations with Pyongyang and the resumption of nuclear diplomacy in Geneva in late October yet again prompt attention to the open-ended nuclear impasse with North Korea. But any assessment of U.S. strategy requires an understanding of the history of nuclear weapons development in the DPRK—a history that long antedates U.S. negotiations with North Korea of the past two decades. How has North Korea defied, stymied, deferred, and circumvented the efforts of allies, adversaries, and the International Atomic Energy Agency to inhibit its development of nuclear weapons, all amidst international isolation and acute economic privation? What does the North’s continued pursuit of nuclear weapons imply for security in Northeast Asia and for global non-proliferation policy? Drawing on Cold War archival materials, interviews with those with deep experience in North Korea, and assessments of technical development in the DPRK, this seminar will delve into the extraordinary history of this profoundly idiosyncratic system, and of its ability to shape security in a pivotal geostrategic region.

Jonathan D. Pollack is a senior fellow with the John L. Thornton China Center in the Foreign Policy Program of the Brookings Institution. He is the author, most recently, of No Exit: North Korea, Nuclear Weapons and International Security (Routledge/IISS, 2011), on which his seminar will draw.