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  • KDI Review of the North Korean Economy, August 2022
  • Date August 31, 2022
  • Language Korean
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North Korea's response to the recently announced ‘Bold Initiative’ from the Yoon administration was far from positive. The North Korean Economic Research Forum in August discussed what lies behind the reaction and suggested a policy direction to change their attitude, while projecting the impact of the continued inter-Korean tensions on the Korean Peninsula. ‘Trends and Analysis’ features a study into the key issues of the US-China tensions over Taiwan. With the US-China rivalry escalating in various fields, not only politics and economy but also military, Taiwan is now a region of growing strategic importance for both countries. Korea needs to clarify its position and future response regarding Taiwan issues. The August issue contains two special contributing articles that deal with the history, developments, and recent trends of the North Korean economic studies. Looking back on the past ten years, the contributors emphasized not only a short-term but also a long-term perspective and recommended a new attempt to combine various and recent issues with the results from existing studies.
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Office of Global Economy
Providing Economic Forecast and Macroeconomic Policy Direction, the Groundwork for a Brighter Future

The Department of Macroeconomics is conducting researches on the macro economy and macroeconomic policy, particularly focusing on suggesting the analysis of macroeconomic trends and current status of the economy at home and abroad, the economic forecast, and the policy direction of the macro economy. The Department is also in charge of establishing, sustaining and maintaining various econometric models, based on which it analyses policy effects and develops a long-term economic forecast.

Main Tasks
  • Economic trend analysis, short- and long-term forecast
  • Policy study on macroeconomic management
  • Basic structural analysis on macroeconomic areas
  • Maintenance of multi-sectoral dynamic macroeconomic model
Department of Macroeconomic Policy
  • LEE. Tae Suk

    Director, Division of Analysis and Evaluation

    82-044-550-4725
  • CHO, Byungkoo On leave

    Director and Vice President, Department of North Korean Economy

    82-044-550-4725
  • LEE, Jongkyu

    Fellow

    82-044-550-4725
  • WEE, Hyeseung Dispatched

    Research Associate

    82-044-550-4725
  • NAM, Jinwook On leave

    Specialist

    82-044-550-4725
  • KIM, Seulki

    Research Associate

    82-044-550-4725
  • CHUN, Eunkyung

    Research Associate

    82-044-550-4725
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