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Tae-Hee Yoon, a senior advisor at the International Finance Corporation (IFC), believes that the presidential system currently in place in South Korea has reached obsolescence and should be replaced by a parliamentary system. He contends that making this change in the form of governance is unavoidable if South Korea is to be successful in maximizing its economic potential and promoting its major national goals, including the eventual reunification with North Korea. In what promises to be a thought-provoking and unconventional presentation, Yoon will detail the inherent weaknesses of the current Korean political system by offering an economic analysis grounded in political and historical perspectives.
Parliament or Perish? Political Reform with Tae-Hee Yoon Senior Advisor, International Finance Corporation (IFC) Tae-Hee Yoon is a senior advisor at the International Finance Corporation (IFC), the private sector development arm of the World Bank. In his role at the IFC, Yoon helped to facilitate important economic reforms in the wake of Korea’s 1998 financial crisis. Yoon is also the founding chairman of Korea Economic Intelligence, a strategic business consulting firm, and sits on the boards of numerous companies, including Macquerie–Korea Infrastructure Fund, Times Media Inc. and the Lutronic Corporation. From 1970 to 1993, he served at the World Bank, rising from economist to operational division chief. He has also served as chairman and CEO of Coryo International, president of Seoul University of Foreign Studies and chairman of Arirang International TV. Yoon holds a master’s degree in public administration from Seoul National University and a Ph.D. in agricultural economics from the University of Connecticut.
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