The Platform Hosts Special Seminar on Free Market Economy

The Platform, a gathering of opinion leaders chaired by Chairman Hyun Byung-chul and chaired by Song Sang-hyun, will hold a special seminar on the theme of 'Free Market Economy' on Thursday, June 13, at the Ambassador Hotel Pullman in Seoul.

The Platform stated, "The Korean economy in cash is facing weakening growth momentum due to social conflicts, various regulations, and the prevalence of political populism, as well as challenges such as climate disasters, chaos in the global economic order, and the dual nature of advanced technologies," adding, "Under the awareness of the issue of how to maintain a free market economy while sustaining economic development, we have prepared a forum for experts to diagnose the current situation and seek constructive policies."

At this special seminar on the free market economy, Cho Dong-chul, President of the Korea Development Institute (KDI), will deliver the keynote speech titled 'Today's Free Market Economy in Our Country,' and Choi Sang-mok, Deputy Prime Minister and Minister of Strategy and Finance, will give the congratulatory address.

Kim Byung-yeon, Distinguished Professor of Economics at Seoul National University, will present on the topic 'Why Free Market: Market Economy and Long-term Performance,' and Min Se-jin, Professor of Economics at Dongguk University, will present on 'How to View Widespread Price Regulations.' Kim Kyung-min, Professor of Environmental Planning at Seoul National University, will present on 'Real Estate Policy and the Principles of Free Market Economy,' and Lee Sang-seung, Professor of Economics at Seoul National University, will present on 'Economic Policy in the Digital Age.' Cho Jang-ok, Professor Emeritus at Sogang University, will present on 'The Future of the Korean Economy: Maintaining Free Market and Overcoming Non-growth.'

Cho Dong-chul, President of KDI, said in his keynote speech, "The slogan 'Economic policy based on economic logic' seems valid not only in the harsh past authoritarian era but also today," adding, "The target has shifted from authoritarianism to populism." He further stated, "To protect the free market economic system from populism, the role of experts and intellectuals must be expanded."

Professor Kim Byung-yeon of Seoul National University presented eight pieces of advice for the free market economy in his paper.

Professor Min Se-jin of Dongguk University pointed out, "Traditional price regulations should be critically evaluated in terms of whether they achieve the intended results in promoting equity, which is the goal of regulation," adding, "Ultimately, it should be noted that price controls, which have accumulated many problems over time, were implemented for political reasons."

Professor Kim Kyung-min of Seoul National University explained, "In our aging society, careful consideration is needed to ensure that groups with stagnant future income do not lose their housing," adding, "An environment should be created where the elderly can retain their current housing without excessive housing burdens, which is closely linked to innovation in housing ownership taxes."

Professor Lee Sang-seung of Seoul National University said regarding economic policy in the digital age, "We must be careful not to produce adverse effects that suppress the growth and emergence of domestic platform companies that compete confidently with American platform companies."

Professor Cho Jang-ok of Sogang University emphasized regarding the future of the Korean economy, "Do not take the market lightly, modernize the content and implementation methods of policies, break through productivity stagnation, and invest in building a country where people want to live," especially stressing, "The country and economic management relying on the ability of leaders must be quickly abolished, and the practice of ignoring the market is even dangerous."

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