Professor Kim Dae-jong of Sejong University Special Lecture on 'Trump's Return and South Korea's Survival Strategy'

Sejong University announced on the 21st that Professor Kim Dae-jong of the Department of Business Administration gave a special lecture titled "Trump's Return and South Korea's Survival Strategy" at the New Year's meeting of Daegu Neungin Middle and High School.

Professor Kim Dae-jong gave a special lecture at the New Year's greeting ceremony.

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At the New Year's meeting held on the 16th, Professor Kim mentioned the actions and policies of former U.S. President Donald Trump, stating, "If Trump returns, South Korea must comprehensively prepare for a shift to U.S.-centered trade, the introduction of artificial intelligence (AI), expansion of government procurement, subscription economy, online shopping, and mobile strategies," and he suggested, "Reducing dependence on China-centered components and lowering corporate tax rates to the U.S. level to create a business-friendly environment."

He also explained, "It is effective to directly visit advanced countries such as the U.S., Europe, and Japan to discover new industry models and benchmark brands or Fourth Industrial Revolution cases not yet introduced domestically."

He continued, "There is a possibility that the exchange rate will rise to 1,600 won by 2025," emphasizing preparation for a foreign exchange crisis by stating, "As the dollar's share in international trade expands to 70%, it is important to increase foreign exchange reserves and conclude currency swap agreements between South Korea and the U.S. and South Korea and Japan."

Furthermore, Professor Kim said, "Lowering South Korea's corporate tax rate to the OECD average level (21%) to induce corporate investment and easing regulations on the Fourth Industrial Revolution will create jobs." He also predicted that the shipbuilding and defense industries would face new opportunities after Trump's administration.

Kang Sung-joo, president of the Neungin Middle and High School Alumni Association, evaluated, "Professor Kim Dae-jong's special lecture was very beneficial," adding, "It was a meaningful time to explore practical response measures on various issues such as America First policy, artificial intelligence, and the subscription economy."

A Sejong University official stated, "This special lecture raised awareness of changes in the global economic environment and provided an opportunity to reassess domestic industry and policy directions," and added, "We will continue cooperation between academia and industry to contribute to strengthening national competitiveness."

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