KEI Live

Korea Economic Institute of America

KEI Live is the official podcast feed for the Korea Economic Institute of America’s live panels and events. Hear panels and discussions covering Korean policy, economics, culture, and more, directly from our public events. [KEI is registered under FARA on behalf of the Korea Institute for International Economic Policy. Additional information is available at the Department of Justice, Washington, DC.]

  1. May 27

    South Korea’s New Economic Development Strategy

    The multilateral free trade system is weakening, the United States is turning inward through discretionary tariffs and industrial policy, and major economies are racing toward security- and resilience-driven production. For South Korea—a leading global trader with a small domestic market—the old playbook of export expansion alone no longer holds, former Minister for Trade Taeho Bark argues. On May 27, 2026, the Korea Economic Institute of America hosted Bark to discuss these and other topics. He lays out a new external economic development strategy for Korea in which exports and outward foreign direct investment are not substitutes but complements: with intermediate goods now exceeding 70 percent of Korean exports, and overseas investment by Korean firms increasingly pulls demand for the high-value-added materials, components, and equipment that Korea supplies. His prescription positions Korea as a global hub for advanced intermediate goods, a core region for future-oriented research and development, and a stronger competitive base for small and medium-sized enterprises. Joining him is Jeffrey Schott, Senior Fellow at the Peterson Institute for International Economics, as discussant. Schott specializes in international trade policy and economic sanctions, work informed by his years as a U.S. Treasury official and his service on the U.S. delegation that negotiated the GATT Subsidies Code during the Tokyo Round. He is the author or editor of numerous books on trade. Taeho Bark served as Minister for Trade of the Republic of Korea from 2011 to 2013 and was Korea’s candidate for Director-General of the World Trade Organization in 2013. He is President of the Seoul Forum for International Affairs and Professor Emeritus at the Graduate School of International Studies at Seoul National University, where he previously served as professor and dean. Bark’s research will be featured in the upcoming edition of Korea Policy, KEI's flagship journal. [This material is distributed by KEI on behalf of the Korea Institute for International Economic Policy. Additional information is available at the Department of Justice, Washington, DC.]

    1h 2m
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About

KEI Live is the official podcast feed for the Korea Economic Institute of America’s live panels and events. Hear panels and discussions covering Korean policy, economics, culture, and more, directly from our public events. [KEI is registered under FARA on behalf of the Korea Institute for International Economic Policy. Additional information is available at the Department of Justice, Washington, DC.]

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