Chosun University Department of Trade Wins Minister of Trade, Industry and Energy Award at FTA Utilization Academic Conference

[Asia Economy Honam Reporting Headquarters Reporter Lee Gwan-woo] Chosun University announced on the 23rd that students from the Department of Trade at the College of Business Administration recently won the Grand Prize (Minister of Trade, Industry and Energy Award) at the ‘2020 University Student FTA Utilization Academic Conference’ for their research on the effect of FTAs on lowering consumer prices.

The team of Kim Geun-woo and Lee Si-young, majors in the Department of Trade at Chosun University, participated in the academic conference held on the 21st, hosted by KOTRA and organized by the Ministry of Trade, Industry and Energy, where they presented their research titled “An Analysis of the Effect of Korea’s FTA Import Utilization on Consumer Price Fluctuations.”

In a context where consumers criticize that it is difficult to feel the price effects of FTAs, the team empirically verified the effect of FTAs in lowering consumer prices and proposed practical policy measures to increase FTA utilization, receiving high evaluations from the judges.

Additionally, Professor Kim Seok-min of the Department of Trade, who supervised the team, was recognized for his significant contributions to building a regional FTA education network and fostering professionals, thereby greatly aiding the utilization and dissemination of FTAs, and received a commendation from the Minister of Trade, Industry and Energy.

Meanwhile, the Department of Trade at Chosun University has played a pivotal role in regional FTA education as the only department in the Honam region to operate university FTA courses and an FTA master’s program since 2013 with support from the Ministry of Trade, Industry and Energy.

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