Korea Development Institute

the 2000's
Toward an Advanced Economy

KDI has endeavored to introduce comprehensive mid- to long term policy measures to foster sustainable growth and at the same time, strengthen capabilities in microeconomic research, innovation and improving market structures. In addition, in order to incorporate economic efficiency and balanced distribution, KDI is working to strengthen fiscal productivity. Meanwhile, to approach socio-economic problems such as education and housing in an economic perspective, KDI strongly supports collaborative research with not only other research institutes in Korea but with international organizations such as the World Bank and OECD, thus internationalizing its research efforts.
In 2001, KDI conducted a collaborative study called Vision 2011 with 16 other research institutes, academic units and civic groups, which presented the challenges ahead for the Korean economy. What resulted was a publication entitled, Vision 2011: Open Society, Flexible Economy. In 2004, KDI published Dynamic Korea: a Nation on the Move, in light of the International Conference on New Vision and Strategy under Changing Leadership in Northeast Asia. Aims such as balanced growth and distribution, social cohesion, and voluntary participation are the underlying foundation for the new participatory government. This publication contains policy directions that will put Korea on the right track to establish an internationalized advanced economic system and to become an economic hub of Northeast Asia.
Presently, the Korean economy is faced with an increasingly aging society, which urgently requires mid- to long-term policy measures and job creation in order to counter a reduction in economic growth.
It is equally important to present economic and social policy suggestions to mitigate the negative effects of polarization and to promote social integration. Moreover, against the backdrop of spreading regionalism, the research shall address some impending issues such as a Korea-US Free Trade Agreement(FTA) and offer policy directions for industrial restructuring to maximize the national interest.
KDI will also focus its research capability on projects such as productivity of the public expenditure management system and a competitive financial services industry through the elimination of the gap between financial markets and legal institutions. In addition, the policy agenda on the housing industry for long-term socio-economic.
development trends will be a focus. The rapid rise of the Chinese.

Main Research Publications

• Vision 2011: Open Society, Flexible Economy
• Changes in Socio-Economic Conditions and Roles of Finance
• Policy Issues and Directions for Conglomerate Reform
• Development Directions for the Financial Industry
• A Study for North Korean Economic Development Strategy
• Comprehensive Study on Industrial Competitiveness of Korea
• Population Aging in Korea: Economic Impacts and Policy Issues
• Measures to Reform Financial Regulation and Supervision for Global Competition
• The Structural Change of Korean Economy and Job Creation
• Comprehensive Analysis on Private Tutoring Expenditure
• Analysis of Korean Housing Market and Its Policy Implications
• Protection Policy Direction and Goals for the Poverty-stricken Class
• Industrial Globalization in the 21st century(in English)
• Restructuring the Korean Financial Market in a Global Economy
• Reforming the Public Expenditure Management System:
• Medium-term Expenditure Framework, Performance Management, and Fiscal Transparency