Yeo Han-koo, Korea s former top negotiator on trade with partner countries, has been named as a standing senior fellow at the Peterson Institute for International Economics (PIIE), the U.S. think tank announced this week.
Amid the ever-increasing importance of the economy in current geopolitical landscapes, the Yoon Suk Yeol administration will continue pushing for reforms that aim to promote an economy led by the private sector, Prime Minister Han Duk-soo said. In his congratulatory address at a special international conference marking the 30th anniversary of the Institute for Global Economics (IGE) held in southern Seoul on Wednesday, the prime minister emphasized that the Yoon Suk Yeol administration is conducting structural reforms in various areas of the Korean economy to boost the country s efficiency and economic vitality.
Trade is still contributing to recovery and growth. Countries and firms integrated into global value chains have been more resilient to shocks and have recovered faster, and trade in services based on digital technologies has also rebounded quickly. At the same time, complementary policies are needed to address the unequal distribution of the benefits of trade.