* Date : 2014-12-26
President Park Geun-hye, who has unusually traveled much overseas this year, has put the focus of her diplomacy on economy in 2014. Amid her hectic schedule of summits, including UN, APEC and G20, and overseas trips, President Park is said to have broadened the country's economic territory and strengthened her diplomatic presence by reaching free trade deals. President Park has pledged to commit herself to economic diplomacy this year. We will summarize what the president has achieved this year and forecast her moves next year with experts in each sector.
Interviewees: SHIN Se-don, Economics Professor, Sookmyung Women’s University + KIM In-chul, Honorary President, Korea International Economic Association
Korea has suffered a slump in domestic demand and sluggish investment this year. On top of this, the country failed to escape from low growth as the Sewol ferry disaster added to its woes. Moreover, top South Korean company Samsung Electronics Chairman Lee Kun-hee remains hospitalized, raising tensions in the company and Korea's economy. To overcome such economic difficulties, Deputy Prime Minister Choi Kyung-hwan has taken a strong stimulus policy, or the so-called 'Choinomics', to boost domestic demand. How successful has it been? Globally, big issues such as the Federal Reserve's decision to end its quantitative easing and China's interest rate cut have emerged this year. We will summarize this year's economic issues at home and abroad, and evaluate how they have affected Korea's economy.
This year, various wearable devices including smartwatches and smart wears have been competitively unveiled in the market as if it wasn't too much to say the biggest topic in the IT industry this year was wearables. What wearable devices have already been commercialized and what services will they lead to? Meanwhile, there are technologies that need to be developed essentially to commercialize wearable devices. They include transparent electrodes using graphene, flexible batteries and wireless charging technology. If so, how far has development of these technologies come, which will become the basis of wearables? We will wrap up today's wearable technology and forecast how it will develop in the future.
What was the top North Korean news this year? We will look back at North Korea in 2014 through this year's hot issues including three senior North Korean officials' visit to South Korea during the closing ceremony of Incheon Asian Games, the United Nations' adoption of resolution on North Korea's human rights situation amid disputes over Pyongyang's human rights violations, talks of Kim Jong-un's health problems that mystified the international community and President Park Geun-hye's Dresden Declaration.