KIET Korea Institute for Industrial Economics and Trade

● Basic Information
○ Date and Time : April 20, 2011 (Wednesday) 14:00 - 16:00
○ Venue : Conference Room, KIET 3rd Floor
○ Organizer : KIET

● Objective(s)
Recently the international prices for raw materials including crude oil, copper, nickel, and iron have been rapidly increasing. In particular, due to the expanding political instabilities and uncertainties/risks in main crude oil supplier countries, the crude oil price hiked up to 100 USD per barrel.
  The significant rise in international prices for raw materials may result in a higher production cost and thus decreased price competitiveness of Korea’s export products.
   In order to respond to the abovementioned issues, KIET organized a policy discussion platform addressing effects of rising raw material prices on the main industries and appropriate policy responses.

● Program
○ Registration: 13:30 - 14:00

○ Opening Ceremony: 14:00 - 14:05
- Opening Speech : Byoung Jun Song (president, KIET)

○ Presentation : 14:05 - 14:50
- Title: Effects of Rising Raw Material Prices on the Main Industries and Appropriate Policy Responses
- Speaker: Jin-Myun Lee (Researcher, Economic Analysis and Forecasting Division, KIET)

○ Discussion and Q&As: 14:50 - 16:00
- Moderator: Du-Yong Kang (Director, Economic Analysis and Forecasting Division, KIET)
- Panelists
* Yong-Dae kuan (Director, Korea International Trade Association, KIET)
* Jin-Hee Kim (Director, Korea Association of Machinery Industry)
* Pyung-Jung Kim (Director, Korea Petrochemical Industry Association)
* Byung-Hwa Ahn (Director, MKE)
* Seung-Lok Yu (Director, POSRI)
* Suk-In Jang (Director, Center for Growth Engine Industries Studies, KIET)

○ Closing Ceremony: 16:00

○ For more information, please contact:
- Jin-Myun Lee (Researcher, Economic Analysis and Forecasting Division, KIET. 3299-3183)
- Ba-Yu Kim (Researcher, Economic Analysis and Forecasting Division, KIET. 3299-2921)