The Korea Institute for Industrial Economics and Trade

Established in 1976, The Korea Institute for Industrial Economics and Trade (KIET) serves as Korea’s only government-funded research institute specializing in industrial research and dedicated to the development of national economic and industrial policy. KIET is committed to bolstering competitiveness and strengthening the foundation of Korean industry through the formulation of effective policies that enable industries to adapt to a rapidly changing global industrial environment.

December 31, 2019

An Analysis of the Innovation-Driven Regional Growth Strategy at the Regional Level in South Korea

Amid trade issues and the ongoing Fourth Industrial Revolution (4IR) the Korean economy is entering an era of low growth. In this era, Korea is facing crises and opportunities in terms of its industrial economy.

December 31, 2018

The Impact of Exchange Rate Fluctuations on Korean Industry

The stabilization of exchange rate fluctuations is an important economic policy issue for an open, export-oriented country such as South Korea. The 1997 foreign exchange crisis and the 2008 global financial crisis put the Korean foreign exchange market in great turmoil, and the instability of the exchange rate resulting from those crises seriously affected the economy as a whole.

August 14, 2018

A Study on the Economic Reform in North Korea under Kim Jong Un: Focusing on the “Our Style of Economic Management”

Since North Korean leader Kim Jong Un took power, the North Korean economy has undergone significant changes in many aspects. At the core of these changes in the economy in the Kim Jong Un era is the official approval of state-owned businesses’ participation in the market economy and the adjustment of the roles of the state and business, both changes that were institutionalized through revisions of economic laws such as the People’s Economic Planning Act and Trade Act.

December 28, 2016

Current Status and Future Challenges of the Micro-Enterprise Policy

Since the introduction of Korea’s micro-enterprise policy 18 years ago, support systems for micro-enterprises have been established, many more support programs have been put in place, and significant amounts of investment have been made every year. Nonetheless, little systematic analysis has been done of the current status of the micro-enterprise policy.