in collaboration with: &

Presider: Nick Platt, President, Asia Society

Overview: Korea faces the rapid hollowing-out of its manufacturing sector due to the rise of the Chinese economy, the expansion of openness and its relatively high-cost structure. This is similar to what previously happened in the U.S. and Japan amid the tectonic shifts of the bases of world manufacturing production. Although the hollowing-out of manufacturing is a challenge to the Korean economy from certain perspectives or a short-term point of view, taking the overall or more long-term view, it also offers opportunities for its further upgrading and development. To grasp these opportunities, we need to breathe life into North-South economic cooperation on the Korean peninsula, to rectify the high-cost and low-efficiency structure of the Korean economy, to upgrade the industrial framework and to further promote openness and liberalization. These programs must go hand in hand with wide-ranging reforms helped by a transformation of the structure of popular consciousness.

Seung Park Biography: Seung Park has been Governor of the Bank of Korea since April, 2002. From February 2001 to March 2002, he was Chairman of the Public Fund Oversight Committee, and from February 1999 to February 2000, the President of the Korea Economic Association. Governor Park was Chairman of the Board of Directors of the Korea National Housing Corporation from 1993-1996, and Professor in the Department of Economics, College of Political Science & Economics, at Chung-Ang University from 1990-2001. Governor Park earned a Ph.D. in Economics from State Univ. of New York at Albany, U.S.A in 1974, and MA in Economics in 1973. He received his BA in Economics from Seoul National University in 1961.

REGISTRATION:

Seung Park, Governor, The Bank of Korea

Thursday, June 3, 2004

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