Economic Policy Information
- Narakyungje Monthly Magazine
Narakyungje is the only magazine on economic policies in Korea that is edited and published in collaboration with 15 economic ministries including the Ministry of Strategy and Finance, Ministry of Science, ICT and Future Planning, Ministry of Trade, Industry & Energy and other related organizations. Since its first publication in December 1990, a total of 301 issues have been published as of December 2015. The contents of Narakyungje include ‘Special Feature’, which provides in-depth analysis by experts on leading economic issues, ‘Economic Policy Illustrated’, which provides a detailed overview of economic policies by working-level government officials directing public policy and ‘Issue’, which provides detailed and clear explanations on pending economic issues from the social and cultural perspective through the voices of companies and the general public. The targets of “Planning 2015”—mainly covering policy information—are more detailed and also broadened to cover economic information useful to daily lives so that it could become a more helpful information source. Additionally, the mobile service app, launched in 2014, has been stabilized further and upgraded to strengthen interactive communication as a window for policy communication.
- Economic Bulletin Monthly Magazine
The Economic Bulletin, which is edited and published in collaboration with the Ministry of Strategy and Finance, reviews Korea’s current economic issues and major economic indicators written in English. Since the first issue in June 1992, the main purpose has been to enhance the overall understanding of the Korean economy and to provide accurate information to international readers, including foreign corporations and institutions, and Korean government agencies stationed overseas.
The main contents of Economic Bulletin are divided into four parts :
- 1) ‘The Green Book’, an English version of monthly economic trends released by the Ministry of Finance and Strategy
- 2) ‘Economic News Briefing’ presents briefs on economic policies and current issues
- 3) ‘Policy Issues,’ provides in-depth information on major economic policies
- 4) ‘Statistical Appendices’ provides updates on major economic indicators
- Production of Multimedia Materials
The program to disseminate economic information through multimedia was co-produced with KTV in 2004~2006 and with MBN since 2007. The collaboration with MBN produced a series, titled ‘Understanding Narakyungje with KDI’ which introduces economic issues that are closely related to the public’s everyday life. Also, in order to enhance the awareness of the necessity and reliability of economic education, the EIEC, in collaboration with EBS, has developed an economy series for EBS’s Knowledge Channel e from 2012 to 2014. A total of 68 episodes were produced as of the end of 2014 (20 episodes in 2012, 20 episodes in 2013 and 28 episodes in 2014). In 2015, they coproduced a two-episode documentary, ‘Reconstruction of Study,’ in order to promote a paradigm shift in education that could foster capabilities of young talents who could lead Korea’s sustainable growth. As well as being aired on TV every week, these programs are reconstructed as web documents to be posted on the KDI and EIEC websites, and in this way, the center works to provide via various channels.
- Economic Policy Information for Citizens(EPIC)
The EIEC compiles information on economic policies released by 15 economic ministries and related organizations in order to provide online information through its website. The database, titled Economic Policy Information for Citizens (EPIC), contains about 137,000 entries of bibliographic information and about 120,000 entries of original documents. In 2014 alone, the EIEC collected approximately 8,000 new bibliographic information and original documents. The service started in 1990 and also available on the KDI website (http://epic.kdi.re.kr) and various portals with monthly hits to the database averaging over 2.70 million.
Meanwhile, the EIEC compiles and disseminates valuable information including research results released by more than 70 economic institutions around the world, including the IMF, World Bank, WTO, Brookings, NBER, etc. The EIEC has also been active provider of various economic information and educational services to not only students and social studies teachers in middle and high schools but also the public who are interested in economy.
- Public Opinion Survey
The EIEC’s 2015 public and experts’ opinion survey was on pending economic issues and policies such as economic policy direction, real estates, start-ups and the services industry, which provided fundamental information to the formulation and implementation of government policies. The center also conducted a preliminary feasibility study and tenant demand survey on corporations located in industrial complex, which helped project evaluations produce more specific and accurate results, and hence it helped reduce budget waste. The EIEC established and operated its own economic expert panel consisting of 800 experts and another panel of 21 experts on macroeconomy who have been respondents to the Survey on Professional Forecasters (SPF) on a regular basis, providing support for the development of forward-looking policies.