Participants of the 'Gyeonggi-do Innovation Policy Conference' held on the 3rd at the Pangyo Startup Campus by the Gyeonggi-do Economic Science Promotion Agency are discussing the impact of the upcoming U.S. presidential election in November on the Korean economy.
The Gyeonggi-do Economic Science Promotion Agency held the 'Gyeonggi-do Innovation Policy Conference' on the 3rd at the Pangyo Startup Campus.
The conference was organized to analyze the major policies of candidates Harris and Trump in preparation for the upcoming U.S. presidential election in November, and to explore the impact of the election results on Gyeonggi-do's industries and possible response measures.
Dr. Kim Ji-yoon, the first keynote speaker, compared and analyzed the major policy directions of candidates Harris and Trump, providing vivid insights into the local election atmosphere and candidate images.
Dr. Kim predicted that candidate Harris would focus more on climate change response and fostering the country's advanced technology industries, while candidate Trump was expected to pursue stronger protectionist trade policies compared to the Democratic Party.
The second keynote speaker, Jeong Eun-mi, head of the Korea Institute for Industrial Economics and Trade, analyzed the impact of the two candidates' industrial policies on Korean and Gyeonggi-do industries through various scenarios.
Director Jeong suggested strategic construction of domestic and international investment portfolios, diversification of export and procurement regions, response to economic security risks, and strengthening quality and cost competitiveness as directions for the Korean industry’s response.
The subsequent panel discussion was chaired by Kang Sung-cheon, president of the Gyeonggi-do Economic Science Promotion Agency, with participation from Dr. Kim Ji-yoon, Director Jeong Eun-mi, Kang Gu-sang, team leader at the Korea Institute for International Economic Policy, and Professor Kim Pil-su of Daelim University.
The panelists engaged in in-depth discussions on the opportunities and risks for Korean industries depending on the U.S. presidential election results, and based on their expertise and experience, proposed practical strategies to minimize potential risks and promote the development of Korean industries.
President Kang Sung-cheon stated, "Based on the opinions derived from this conference, we plan to establish industry-specific customized policy foundations to help Gyeonggi-do companies respond to changes in the global economic environment."
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