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.

Edmund J. Malesky will argue that openness to foreign investment can have differential effects on corruption, even within the same country and under the same domestic institutions over time. Rather than interpreting bribes solely as a coercive “tax” imposed on business activities, he allows for the possibility that firms may themselves be complicit in using bribes to enter protected sectors or gain access to lucrative procurement contracts.  The propensity to bribe across sectors should vary with expected profitability related to investment restrictions. Thus, the linkage of foreign investment to corruption should increase dramatically as firms seek to enter restricted and uncompetitive sectors that offer higher rents. Malesky demonstrates this effect using a nationally representative survey of 10,000 foreign and domestic businesses in Vietnam. He also shows how the impact of domestic reforms and economic openness is affected by policies that restrict competition by limiting entry into a given sector.

Edmund Malesky is an associate professor of political science at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has published in leading political science and economic journals, including the American Political Science Review and the Journal of Politics, and has been awarded the Harvard Academy Fellowship and Gabriel Almond Award for best dissertation in comparative politics. Malesky serves as the lead researcher for the Vietnam Provincial Competitiveness Index and Cambodian Business Environment Scorecard.

For more information please see the event web page.

In September 2011 the U.S. bilateral alliance system in the Asia-Pacific—the “San Francisco System” (SFS)—turned 60 years old. Against the expectations of theorists who argue that alliances cannot be sustained in the absence of a commonly perceived mutual external threat, the SFS remains operative and viable. It remains so even as multilateral approaches to regional order-building in the Asia-Pacific have proliferated. Although the identity and functions of the SFS have evolved, the speakers will argue that it remains—and will remain—a critical security mechanism in the likely absence of a comprehensive and consensual regional security arrangement that could supersede it. Their remarks will convey the findings and projections of a recent study of Asia-Pacific security undertaken by  Australian National University (ANU) and supported by the MacArthur Foundation’s Asia Security Initiative.

John Ravenhill returned to ANU in 2004, after holding the chair of politics at the University of Edinburgh from 2000. He currently directs the School of Political Science and International Relations at ANU’s College of Arts and Social Sciences. Before joining ANU in 1990, he was an associate professor at the University of Sydney, and assistant professor at the University of Virginia, after completing his PhD at the University of California, Berkeley.  He has held visiting professorships at the S. Rajaratnam School of International Studies; Nanyang Technology University, Singapore; the University of Geneva; the International University of Japan; and the University of California, Berkeley. His many articles have appeared in leading journals including World Politics, International Organization, Review of International Political Economy, Review of International Studies, New Political Economy, World Policy Journal, World Development, and International Affairs. His research interests include global political economy, especially the fields of trade and production, and Australian foreign policy.

William T. Tow came to ANU in early 2005, having been a professor of international relations (IR) at the University of Queensland and at Griffith University, and an assistant professor of IR at the University of Southern California. His visiting-scholar positions have included APARC (1999) and the International Institute for Strategic Studies (IISS) in London. Among his many writings are Politics in the Asia-Pacific: A Regional–Global Nexus? (edited, Cambridge University Press, 2009); Asia Pacific Strategic Relations: Seeking Convergent Security (Cambridge University Press, 2001); and articles in the China Journal, Review of International Studies, International Relations of the Asia-Pacific, China Quarterly, International Affairs, Survival, and Asian Survey. He also heads the ANU IR component of the Centre of Excellence in Policing and Security, was editor of the Australian Journal of International Affairs, has held positions with the Australian Department of Foreign Affairs and Trade and the Australian Fulbright Commission, and received an Australian Award for University Teaching in the Social Sciences Category.

Brendan Taylor’s writings include Sanctions as Grand Strategy (2010); American Sanctions in the Asia-Pacific (2010); and articles in Asian Security, the Australian Journal of International Affairs, International Affairs, and Survival.  In addition to leading the ANU-MacArthur Asia Security Initiative Focus Group (since 2009), he has served as associate investigator, Australian Research Council Centre of Excellence in Policing and Security; graduate studies convenor, Political Science and International Relations, ANU; and lecturer and post-doctoral fellow, SDSC.

David Envall is a Japan specialist with an interest in how foreign policy is made. He edits the ANU-MacArthur Project’s policy papers. His essays will appear in the Asian Journal of Political Science and in volumes on Australian-Japanese politico-security relations and on strategic and structural changes in the Asia-Pacific security environment.