Korea Institute for International Economic Policy
Encyclopedia
The Korea Institute for International Economic Policy (KIEP) is a think tank
under the affiliation of the South Korea
n government. It is a public entity and has more than 160 employees in 2011, among them more than 50 research fellows with PhD
's. KIEP is headquartered in Seocho-gu
, Seoul
but also maintains an office in Beijing
. The research focuses on the relations between South Korea
and the international economy. The institute belongs to the Top 25 International Economic Policy think tanks in the ranking compiled by the University of Pennsylvania
's International Relations Program. Moreover it is a member of the Korean National Research Council for Economics, Humanities and Social Sciences (NRCS).
in 2006 as an East Asian research hub for EU studies that also got support of the European Commission
.
By request KIEP carries out research for outside institutions and organizations but its main function is to advise the South Korean government on all kinds of international economic policy topics.
Besides, KIEP is the overarching body of the Washington D.C.-based Korea Economic Institute (KEI) and co-sponsors the Asia-Economic Panel (AEP) in cooperation with Columbia University
's Earth Institute
(EI) and the Global Security Research Center (GSEC) at Keio University
.
Think tank
A think tank is an organization that conducts research and engages in advocacy in areas such as social policy, political strategy, economics, military, and technology issues. Most think tanks are non-profit organizations, which some countries such as the United States and Canada provide with tax...
under the affiliation of the South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
n government. It is a public entity and has more than 160 employees in 2011, among them more than 50 research fellows with PhD
PHD
PHD may refer to:*Ph.D., a doctorate of philosophy*Ph.D. , a 1980s British group*PHD finger, a protein sequence*PHD Mountain Software, an outdoor clothing and equipment company*PhD Docbook renderer, an XML renderer...
's. KIEP is headquartered in Seocho-gu
Seocho-gu
Seocho-gu is a gu of Seoul, South Korea. It is a popular residential area for the mid- or upper-class residents in Seoul and home to the Supreme Court and the Supreme Prosecutors' Office. Seocho Samsung Town in Seocho-dong, near Gangnam Station, is the headquarter of the several corporations of the...
, Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
but also maintains an office in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
. The research focuses on the relations between South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
and the international economy. The institute belongs to the Top 25 International Economic Policy think tanks in the ranking compiled by the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...
's International Relations Program. Moreover it is a member of the Korean National Research Council for Economics, Humanities and Social Sciences (NRCS).
History
KIEP was founded in 1990 due to a government initiative and was expanded several times thereafter. The Center for Regional Economic Studies for example was added in 1992, the Beijing office in 1997. In 1999, China, Japan and Korea established a research team for trilateral joint studies on economic cooperation in which KIEP is representing the Korean side. KIEP is also the Korea-representing party in the Korea-China official joint research on issues and prospects of bilateral trade and economic cooperation which was launched in 2003. The Center for EU Studies was jointly established with Seoul National UniversitySeoul National University
Seoul National University , colloquially known in Korean as Seoul-dae , is a national research university in Seoul, Korea, ranked 24th in the world in publications in an analysis of data from the Science Citation Index, 7th in Asia and 42nd in the world by the 2011 QS World University Rankings...
in 2006 as an East Asian research hub for EU studies that also got support of the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
.
Organization
KIEP is headed by a President whose position is currently held by Wook Chae. He receives assistance by a Vice-President as well as the Planning and Research department to oversee the five main research divisions :- The Department of International MacroeconomicsMacroeconomicsMacroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
and Finance analyzes international macroeconomic policies and financial issues, especially with regard to their relevance for the Korean economy. - The research of the Department of Trade and Investment Policy focuses on issues related to international institutions such as WTO, OECD or APEC.
- The Center for Regional Economic Studies assesses trends and developments in other countries that are significant for Korea.
- The Center for International Development Cooperation deals with questions of international development cooperation and ways to foster Asian economic cooperation.
- Research for the Korean policy making towards APEC are carried out by the National Center for APEC Studies.
By request KIEP carries out research for outside institutions and organizations but its main function is to advise the South Korean government on all kinds of international economic policy topics.
Besides, KIEP is the overarching body of the Washington D.C.-based Korea Economic Institute (KEI) and co-sponsors the Asia-Economic Panel (AEP) in cooperation with Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
's Earth Institute
The Earth Institute
The Earth Institute was established at Columbia University in 1995. The research institute's stated mission is to address complex issues facing the planet and its inhabitants, with particular focus on sustainable development and the needs of the world's poor...
(EI) and the Global Security Research Center (GSEC) at Keio University
Keio University
,abbreviated as Keio or Keidai , is a Japanese university located in Minato, Tokyo. It is known as the oldest institute of higher education in Japan. Founder Fukuzawa Yukichi originally established it as a school for Western studies in 1858 in Edo . It has eleven campuses in Tokyo and Kanagawa...
.