THE KOREA SOCIETY

is a nonprofit, nonpartisan, 501(c)(3) organization with individual and corporate members that is dedicated solely to the promotion of greater awareness, understanding, and cooperation between the people of the United States and Korea. Learn more about us here.

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The Korean Economy Beyond the Crisis: Korea-US-China Economic Interdependence and Competition

Media

Join us for an in-person program with former Minister of Commerce, Industry, and Energy of the Republic of Korea Duck Koo Chung, also the Founder and Chairman of the NEAR Foundation (North-East Asia Research Foundation), as he recounts his time as a Deputy Minister of Finance during the 1997 IMF Crisis. Chung played a crucial part in Korea’s impressively rapid economic recovery as chief negotiator representing the Korean government with the IMF. This program will feature Chung’s reflections on Korea’s development in the 25 years since the crisis, and insights into the trajectory of Korean society and economy as the country navigates trade tensions between the U.S. and China. This conversation will be moderated by Korea Society President and CEO Tom Byrne.

 

 

The Korean Economy Beyond the Crisis: Korea-US-China Economic Interdependence and Competition

Wednesday October 18, 2023 | 5 PM (EDT)


The Korea Society
350 Madison Avenue, 24th Floor
New York, NY 10017

 

 


About the Speaker:

 

Duck Koo Chung is a former Minister of Commerce, Industry, and Energy of the Republic of Korea during President Kim Dae-Jung's administration (1999-2000). He is also the founder of the North East Asia Research Foundation (NEAR Foundation), South Korea's premier privately-funded independent think-tank, and currently serves as its chairman. Chung embarked on his career as a government official in 1971, dedicating nearly three decades of service. During the onset of the Korean financial crisis, Chung, a Vice Minister of Finance at the time, played a pivotal role in the early resolution of Korea’s liquidity crisis as a chief negotiator with the IMF.

After retirement from the cabinet, Chung became a professor at the Graduate School of International Studies (GSIS) at Seoul National University and served as the director of the Seoul National University Center for International Finance. In 2003, Peking University in China invited him as a Distinguished Chair Professor, where he taught Korean Economic Development and Open-Door Policy. In 2005, he served as a visiting professor at Renmin University of China in Beijing, where he taught the International Monetary Regime and the future prospects of the yuan. In 2013, he was appointed as a policy advisor at CASS (Chinese Academy of Social Sciences). During the early years of Xi Jinping's first term, the Chinese government recommended that Mr. Chung lead special lectures and academic seminars involving distinguished policymakers, bureaucrats, and high-ranking officials from 18 government departments. Presently, he is based at the Center for Strategies and International Studies (CSIS) as a Distinguished Visiting Fellow.