Business & Economics Archives - Page 14 of 16

Managing Sovereign Wealth: Principles and Challenges

Posted on May 2, 2012May 25, 2026 by

2012 05 02 managing-sovereign-wealth icon2 Scott Kalb looks back at his three-year tenure as Chief Investment Officer of the Korea Investment Corporation (KIC), focusing on the principles that underlie good asset management and the challenges facing sovereign wealth funds in the years ahead. The Korea Investment Corporation was founded in 2005 to manage part of Korea’s foreign exchange reserves and other public funds, and today is a major global institutional investor with approximately $50 billion in assets under management.

Wednesday, May 2, 2012

Managing Sovereign Wealth: Principles and Challenges

with

Scott E. Kalb
Advisor to the Korea Investment Corporation (KIC)

Asian Development Outlook 2012: Confronting Rising Inequality in Asia

Posted on April 20, 2012May 25, 2026 by

2012 04 20 asian-development-outlook icon2 Dr. Changyong Rhee, Chief Economist for the Asian Development Bank, will unveil the ADB’s annual flagship publication, Asian Development Outlook 2012, at The Korea Society, on Friday, April 20, at 8:15 AM. The report provides a comprehensive analysis of macroeconomic issues in Asia, with growth projections and analyses of 45 economies in developing Asia and the Pacific, including the People’s Republic of China and India. This year’s Asian Development Outlook also includes a special chapter on confronting rising inequality in Asia.

Dr. Lee’s presentation will address the economic prospects and risks for developing Asia, including the impact of the sovereign debt crisis in Europe and slow U.S. growth. He will also explore the growing inequality in many Asian countries despite impressive development gains and how developing Asian countries can ensure that gains in economic growth are shared more broadly.

Friday, April 20, 2012

Asian Development Outlook 2012: Confronting Rising Inequality in Asia

Governor Kim Choongsoo: Emerging Asia & Global Economic Recovery

Posted on April 18, 2012May 25, 2026 by

Co-hosted by the Bank of Korea, the Korea Society and Asia Society

This event was at Asia Society
725 Park Avenue (at 70th Street)

Asian economies have been driving global growth since the 1980s, and their role is expected to be even greater in the future. However, global financial resources have in the past four years overflowed into heavily indebted Euro area countries, such as Greece. In achieving global economic recovery and sustainable growth, the role of the Asian economy is growing larger, and global financial resources need to be supplied to such emerging economies, which have relatively high productivity and demand much capital for their infrastructure investment.

South Korea overcame the Asian currency crisis of the late 1990s through dramatic corporate restructuring, and is also acknowledged as the country that has freed itself from the global financial crisis most rapidly. Dr. Kim Choongsoo, Governor of the Bank of Korea, will share Korea’s experiences in working to prevent future crises by creating a new paradigm in the global economy. One case in point is the adoption of the FTA between South Korea and the USA, which is expected to provide economic benefits to both countries. South Korea’s FTAs with several other countries are also acting as catalysts for trade expansion. Meanwhile, GDP growth in South Korea is expected to be at the mid-3% level in 2012 due to growth of the domestic economy such as in facilities investment. Governor Kim will discuss his expectations for the Korean Economy for the rest of 2012 and beyond, based upon GDP performance.

Korea Society members attend this event at the member rate. Please note “Korea Society” as the organization affiliation when buying tickets

Wednesday, April 18, 2012

Governor Kim Choongsoo: Emerging Asia & Global Economic Recovery

Global Economic Crisis and Fault lines in the Korean Economy

Posted on March 14, 2012May 25, 2026 by

Dr. Jong-Wha Lee, Senior Advisor to President Lee Myung Bak, and G-20 Sherpa in Korea discusses the challenges facing the Korean economy as a result of the global economic crisis. An anemic recovery in the US economy, slower growth in China, unresolved fiscal and financial issues in the Euro Zone, coupled with increased financial and trade linkages, have exposed fault lines in the Korean economy. Dr. Lee will discuss efforts to mitigate Korea’s economic risks and the important policy challenges that lie ahead in creating a foundation for stable growth.

Wednesday, March 14, 2012

Global Economic Crisis and Fault lines in the Korean Economy

with

Speaker
Dr. Jong-Wha Lee
Senior Advisor to the President for International Economy, Republic of Korea

and

Presider
Mark Choi
Senior Financial Economic Analyst, Federal Reserve Bank of New York

Direct Investment in Korea: How to Land Softly and Successfully

Posted on February 28, 2012May 25, 2026 by

Hong-Chul “Hank” Ahn, Commissioner of Invest KOREA, visits The Korea Society to outline the unique opportunities for foreign direct investment in Korea. Mr. Ahn will review the current investment climate, location benefits, promising industries, and high-quality human resources available to the foreign direct investor in Korea, and explain the services Invest KOREA offers to help foreign companies “land softly and successfully” in Korea.

Also, the Saemangeum Development Project, a global city under development for international business and tourism on over 400 square kilometers of reclaimed land, will be introduced by So Hee Kim from the Saemangeum Development Planning Executive Office at the Prime Minister’s Office. This is a major investment to build a global economic hub using green technology and renewable energy.

Invest KOREA was established in 2003 with the sole purpose of supporting the entry and successful establishment of foreign business in Korea and offers foreign investors a one-stop service that allows them to join many of the world’s most successful corporations who have already selected Korea as an investment destination. Invest KOREA operates through a system that involves central and local government officials, project managers, overseas branches, a foreign investment ombudsman, and a business incubation center for foreign companies.

Korea provides a high-technology market in the middle of Asia with mid-level labor costs. It is already a manufacturing powerhouse with steel, shipbuilding, auto, construction, and IT industries that rank among the world’s best. Korea’s economy is resilient and fast-growing, and its people well-educated, talented and innovative. Korea has signed free-trade agreements with two-thirds of the world’s economies and the Korean government is active in inducing foreign direct investment (FDI) and supporting foreign investors through free economic zones, FDI incentives, and the national investment promotion agency, Invest Korea.

Tuesday, February 28, 2012

Direct Investment in Korea: How to Land Softly and Successfully

with
Hong-Chul “Hank” Ahn
Commissioner of Invest KOREA

and

So Hee Kim
International Relations Officer
Saemangeum Development Planning Executive Office

Prime Minister’s Office

The Paradox of Samsung’s Rise

Posted on February 15, 2012May 25, 2026 by

Jaeyong Song, professor at Seoul National University and co-author of the recent Harvard Business Review article, The Paradox of Samsung’s Rise, examines the strategic management decisions that led to Samsung’s emergence as one of the world’s most successful companies from an ordinary original equipment manufacturer just 30 years ago.

He will discuss how Samsung Electronics transformed itself through a new management initiative in 1993 that combined Western best-practices with essentially Japanese management methods to produce a highly profitable hybrid system, resulting in recording breaking profits of $13.9 billion on $138 billion in revenue in 2010. How did a company with a strategic emphasis on continuous process improvement also inculcate an equally intense focus on innovation? How did Samsung establish a merit-based compensation and promotion system in a culture that emphasizes seniority? Professor Song will analyze key success factors and discuss future challenges facing the company. Prior to his appointment as a full professor of strategy and international management at Seoul National University, Song was a professor of strategy at Columbia Business School, where he is currently a visiting fellow.

Wednesday, February 15, 2012

6:00 PM

The Paradox of Samsung’s Rise

with

Jaeyong Song
Professor of strategy and international management,Seoul National University

Sponsorship provided by

Weathering Sovereign Risk Turmoil: Korea and East Asia

Posted on September 29, 2011May 25, 2026 by

Tom Byrne, Moody’s Singapore-based senior vice president and regional credit officer for Asia and the Middle East, discusses the credit profile of Korea and other prominent East-Asian governments against the background of rising sovereign-credit stress in advanced countries. He will also provide a focus on South Korea, which Moody’s upgraded to A1 in April 2010. How has Korea’s credit story played out since then, and what are the strengths and risks looking forward?

Thursday, September 29, 2011

Executive Business Luncheon
Weathering Sovereign Risk Turmoil: Korea and East Asia

Lead-up to the G20 : Korea as Convener and Innovation Economy-Podcast

Posted on August 2, 2011May 25, 2026 by

2011 08 02 lead-up-to-the-g20

To help examine the opportunities, challenges, and agenda for the upcoming G20 Seoul Summit, The Korea Society convened a three-part executive breakfast signature series featuring Dr. Colin Bradford, a leading voice on the “new dynamics of summitry” and a Senior Fellow at the Brookings Institution and the Centre for Global Governance Innovation, and Dr. Marcus Noland of the Peterson Institute for International Economics. The discussions were moderated by Dr. Stephen Noerper, The Korea Society’s Senior Vice President..

The audio from this series is now available online for free download from The Korea Society and Apple’s iTunes Music Store.

Banker to the World

Posted on July 21, 2011May 25, 2026 by

William Rhodes, retired senior advisor at Citigroup and board member of The Korea Society, will discuss his newly released Banker to the World on July 21 at noon. Ambassador Thomas Hubbard, chairman of The Korea Society, will moderate the discussion as Rhodes reflects on decades of experience in international finance, especially the lessons learned in Korea during the financial crisis of the late 1990s. On July 19, Bill Rhodes will accept The Korea Society’s 2011 Van Fleet Award on behalf of the U.S.-Korea Business Council, an organization that has contributed to the business and economic exchange between Korea and the United States.

Rhodes was lauded for his skills at international financial diplomacy in the 1980’s, following his handling of the Latin American debt crisis. He headed the advisory committees of international banks negotiating restructuring agreements across Latin America and the Caribbean. In 1998, when the Republic of Korea experienced liquidity problems, he chaired the international banking group that negotiated the extension of the short-term debt of the Korean banking system.

Executive Business Luncheon

Banker to the World:
William Rhodes in conversation with Ambassador Thomas Hubbard

Thursday, July 21, 2011 | 12 PM

The Korea Society

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Innovation in Korean Capital Markets

Posted on June 23, 2011May 25, 2026 by

President of the Korea Capital Market Institute, Dr. Hyoung-Tae Kim, addresses recent innovations in the Korean financial environment. Dr. Kim discusses the birth of hedge funds, the Korean derivative markets, and reforms affecting investment banks operating in the various Korean markets. The discussion will be moderated by Charles T. Kimball, Managing Director of the Korea Center for International Finance.

The Global Financial Crisis of 2008 tilted the financial landscape in the direction of a number of regulatory reforms initiated by the G20 and related working groups. Korea’s increasing linkage to global financial markets put her among the leadership of the organizations working together to strengthen prudential regulations and lower systemic risks.

Korea has renewed its commitment to sponsoring a competitive financial services industry by undertaking a revision of the Financial Investment Services and Capital Markets Act. The Act was introduced in 2007 with a view to promote financial innovation and fair competition in the Korea’s capital markets. The introduction of hedge funds into the Korean marketplace has been the subject of a great deal of focus by all participants. Dr. Kim’s presentation sheds light on the international financial regulatory environment and some key issues for Korea.

Korea Capital Market Institute (KCMI) was established to contribute to the development of the securities industry and to the growth of the national economy by providing research on the securities market, industry, and policy. As the premier capital markets think tank in Korea, KCMI is devoted to the advancement of Korea’s capital markets. Its research encompasses a broad range of companies operating in the financial services industries, such as securities firms, asset management firms, and futures traders. KCMI also conducts research on complex financial groups such as financial holding companies, private equity and venture-capital investment firms, buyout funds, and financial products such as stocks, bonds, and derivatives. Research by KCMI also extends to financial services providers like exchanges, payment, and settlement systems.

Thursday, June 23, 2011
Innovation in Korean Capital Markets
Executive Business Luncheon

with

Dr. Hyoung-Tae Kim
President, Korea Capital Markets Institute

Moderated by

Mr. Charles T. Kimball
Managing Director, Korea Center for International Finance

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