With the aim of enhancing the public's understanding of the economy and fostering responsiveness to the changing economic conditions at home and abroad, the Economic Information and Education Center (EIEC) undertakes diverse tasks including providing economic information, conducting policy opinion surveys, supporting economic education at schools, organizing on and off line training programs, conducting analysis of and data development for the digital economy, and building a policy platform.
A broad range of EIEC services has contributed to policy making, corporate management, academic research, and the economic well-being of not only academic and civic groups but also households.
The EIEC’s 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.
EIEC developed a Korean version of the Economic Policy Uncertainty (EPU) Index based on news texts analysis, releasing it once a month since 2019. EPU supports the decision-making process for policy responses and can be used as indices to forecast future economic trends.
As the digital transformation progresses rapidly, we are confronted with the need to adapt to the ongoing changes in society and the economy. In this regard, EIEC launched the quarterly online magazine e-Economic Information Review in 2019. The magazine features videos, articles, social media analysis, public survey and infographics on pressing challenges and the latest technical innovations such as “Digital Platform”, “Blockchain and Bitcoin”, “Smart City”, “Artificial Intelligence (AI)”, “Cloud computing”, “Digital Healthcare”, “Metaverse,” and so on.
The EIEC has executed a number of economics education projects including: Economics Education for Social Studies at Middle and High Schools and Non-Social Studies Teachers at Elementary, Middle and High Schools, Economy Class for the Youth, operation of Economics Education Website, Economics Education for Central and Local Government Officials, Economics Classroom for Civil Society, and Economics Education Using Media.