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The 8th Session: Conditions for Sustainable Growth of the Korean Economy
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Writer
Agora Economica
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The 8th Agora Economica: “Conditions for Sustainable Growth of the Korean Economy”
Date & Time: December 19, 2025, 4:00 PM
Venue: Pureun Hall
Topic: Conditions for Sustainable Growth of the Korean Economy
Presentation
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Myung-ho Park, Chairman, World Economy & Society Research Institute
Discussion
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Hye-sun Yoon, Co-CEO & Film Director, Yesable Pictures Co., Ltd.
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Ye-na Choi, Founder, Second Route
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Young-joo Son, Associate Research Fellow, Korea Institute of S&T Evaluation and Planning (KISTEP)
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Su-kyung Jeon, Senior Research Fellow, Science and Technology Policy Institute (STEPI)
This seminar explored the conditions for Korea’s sustainable economic growth by assessing the limitations of the country’s manufacturing-centered growth model and discussing ways to improve service-sector productivity and create quality jobs. With manufacturing’s job-creation capacity weakening, participants emphasized that the service sector must become a new engine of growth—requiring bold regulatory reforms, including in heavily regulated industries such as finance, telecommunications, and transportation.
The discussion also highlighted the need to boost productivity by supporting small service businesses in adopting digital and AI technologies, while encouraging firm growth by easing excessive penalties and barriers that hinder the scaling and innovation of service industries—particularly those affecting large companies. Finally, participants underscored the importance of strong institutional and political leadership to manage stakeholder interests throughout this transition.