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How to prepare for Korea-US summit?

Posted : 2021-04-13 16:52 By Ahn Ho-young The Federation of Korean Industries (FKI) and the Center for Strategic and International Studies (CSIS) in Washington, D.C. jointly hosted a webinar on April 1 on a topic we will have to face in not too distant future: How Korea and the Korean business community must prepare for the Korea-U.S. Summit. As I sat through the seminar as a panelist, many thoughts crossed my mind. I wish to share some of them. First, good preparation must start with a good study of President Biden and his team. What impresses me most about the team is the consistency of its focus on both domestic and foreign issues. On domestic issues, Biden has been consistently focused on the pandemic, jobs, climate change and racial harmony, often declaring that the government can make changes to all these issues and lead the U.S. through his Build Back Better agenda.

Growing need for carbon tax

Growing need for carbon tax Posted : 2021-04-13 17:03 Surcharge inevitable to address climate change Four government ministries, including the Ministry of Economy and Finance, have recently requested the Korea Institute of Public Finance to conduct research into how to put a dollar value on carbon emissions. Industry watchers say the Moon Jae-in administration, which has declared the goal of achieving carbon neutrality by 2050, seems to have taken the first steps toward introducing a carbon tax. In December, the government said it would overhaul the tax system to attain net-zero carbon dioxide emissions, and create a climate fund. The finance ministry has also included a plan to shift to an eco-friendly, low-carbon economy in its policy goals for this year. According to the plan, the government will craft a draft bill to transition toward a decarbonized society in a move to address climate change.

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