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Title Jiam Nam Duck-woo Economics Institute Policy Seminar on Fourth Industrial Revolution and the Past and Future of the Korean Economy
Writer sogpr Date 2019-01-03 Views 280

 

Jiam Nam Duck-woo Economics Institute Policy Seminar on

Fourth Industrial Revolution and the Past and Future of the Korean Economy

 

 

Jiam Nam Duck-woo Economics Institute (Director: Lee In-sil) held a policy seminar under the theme of 'The 4th Industrial Revolution and the Past and Future of the Korean Economy,' on December 7 at Geppert-Nam Duck-woo Hall.

 

The seminar provided a venue for discussion where economists and experts talked about how the emergence of new technologies changes the main industry of Korea and what the future will hold for the Korean economy once this digital transformation is realized. At the same time, based on case studies from a few different industries, the attendees discussed the appropriate responses to such changes.

 

The event was moderated by Prof. Nam Sung-il of the Economics Department, while Director Lee In-sil delivered the welcome speech. Prof. Song E-young, dean of Economics, and Lee Cheol-sun, chairman of the Sogang Economics Forum, delivered congratulatory remarks to announce the opening of the event. As part of the main program, Prof. Heo Jung presented on 'The emergence of new technologies, and a diagnosis on Korea's main industries.' Next, Prof. Jeon Hyun-bae held a presentation on 'Digital innovation and the shift in the industrial structure: Case studies and policy.' Following this, Ju Won, director for economics research at Hyundai Research Institute, gave a presentation on 'Conditions for the next generation's main industry and seeking a new growth engine.' After these presentations, a Q&A session was held.

 

The new tide of technological innovation, the so-called '4th industrial revolution,' is causing great uncertainty for not only the Korean economy but for the world economy, as a whole. Although the Korean economy is in the midst of big changes due to the emergence of new technologies, the research needed to fully understand and counteract these changes is still lagging behind. Under these circumstances, Sogang University's Jiam Nam Duck-woo Economics Institute is striving to seek ways to bolster the Korean economy in this era of fast change.

 

Jiam Nam Duck-woo Economics Institute, noted as the first institute to invite the Micro Data Center of the National Statistics Office (among all Korean education institutes), is making its best efforts to provide the empirical rationale for policy issues (such as low-growth, job creation, and structural reforms) facing the Korean economy by deepening the understanding of the micro-mechanisms driving the economy.