Sejong University Hosts 'Korea Economic Critics Association Seminar' on the 31st

The 'Korea Economic Critics Association Inauguration Ceremony,' co-hosted by Sejong University, will be held at 2 p.m. on the 31st of this month at the National Assembly Members' Office Building.

Seminar Poster of the Korea Economic Critics Association.
Photo by Sejong University

The Korea Economic Critics Association was established with the purpose of conducting economic critiques for the nation, regardless of ruling or opposition parties, and is co-hosted by Yoon Sang-hyun, a member of the People Power Party, and Kim Byung-wook, a member of the Democratic Party of Korea. The event is organized by Sejong University and Infostock.

Shin Se-don, president of the Korea Economic Critics Association, stated, "Based on accurate statistics and facts, with a thorough and profound understanding of theory, we will avoid errors of abstraction," and added, "We will strive to enhance the welfare of the nation and its people solely through sound economic discourse, free from political frames, ideological frames, or prejudiced frames."

Kim Dae-jong, professor of the Department of Business Administration at Sejong University, emphasized, "The government must thoroughly prepare for the expansion of the Middle East war," and proposed, "To raise the economic growth rate to 5%, we suggest lowering the corporate tax to 12%, labor-management reform and innovation, deregulation of the Fourth Industrial Revolution and overseas expansion, and doubling foreign exchange reserves."

Kim Kwang-seok, research director at the Korea Economic and Industrial Research Institute, said, "The IMF forecasts South Korea's economic growth rate in 2023 at 1.4%, which is lower than Japan's 2.0%," and added, "We need to diagnose whether we are entering a long-term low-growth regime similar to the lost 20 years and consider what preparations are necessary."

This content was produced with the assistance of AI translation services.