A seminar on 'What Is Wrong with the Korean Economy: Diagnosis and Prescription' was co-hosted by the National Assembly Research Service and the National Assembly Economic Policy Forum on November 21, 2013. This seminar was held to evaluate Korea's prolonged low-growth economy (due to the slowdown of the world economy) and to come up with solutions to revitalize the economy. Experts from various fields participated in the seminar to assess the problem from different perspectives and to set future policy direction.

During the seminar, experts delivered a number of informative and valuable presentations. The President of the Korea Institute for Industrial Economics and Trade, Kim Do-hoon, opened the meeting with his keynote address-2014 Korean Economy: Outlook and Response. This wasfollowed by a presentation on Strategy for Stabilizing of Financial Market and Household and Public Sector against External Shocks by Huh Chan-guk (professor, Chungnam National University) and Gu Jung-mo (professor, Kangwon National University). Pyo Jeong-ho (president, High Potential Enterprises of Korea) gave a presentation on Policy Direction and Challenges for Enterprises of Middle Standing. Lee Byung-ki (senior researcher, Korea Economic Research Institute) presented on Investment Policy, Promotion and Challengesi while Jung Chang-mu (professor, Seoul National University) shared his views on the Evaluation on Government Policies on Real Estate and Future Challenges.

Discussion panelists included Yun Chang-hyun (president, Korea Institute of Finance), Oak Dong-suk (president, Korea Institute of Public Finance), Park Chan-ho (secretary general, Federation of Korean Industries), Chun Hyun-chul (vice president, High Potential Enterprises of Korea), Park Si- ryong (president, Baeksang Economics Research Institute), Jung Kyu-jae (editorialist, The Korea Economic Daily), and Kim Chul-joo (director general, Ministry of Strategy and Finance Economic Policy Bureau).

Thanks to this successful event and its productive discussions with experts from academia, business, government, and media, the National Assembly Research Service will be better able to provide more informed reports based on these experts' views on sector-specific legislative and political responses-i.e., public, private, finance, investment and real estate.