Korea Institute for International Economic Policy

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Korea Institute for International Economic Policy Official Logo.jpg
Abbreviation KIEP
Formation 1990
Type Think Tank
Headquarters 108 Yangjaedaero Seocho-gu Seoul, Korea
Wook Chae
Website http://www.kiep.go.kr
Korea Institute for International Economic Policy
Hangul 대외경제정책연구원
Revised Romanization Daeoegyeongjejeongchaekyeonguwon
McCune–Reischauer Taeoekyŏngchechŏngch'aekyŏnkuwŏn

The Korea Institute for International Economic Policy (KIEP) is a think tank under the affiliation of the South Korean government. It is a public entity and has more than 160 employees in 2011, among them more than 50 research fellows with PhD's.[1] KIEP is headquartered in Seocho-gu, Seoul but also maintains an office in Beijing. The research focuses on the relations between South Korea and the international economy. The institute belongs to the Top 25 International Economic Policy think tanks in the ranking compiled by the University of Pennsylvania's International Relations Program.[2] Moreover it is a member of the Korean National Research Council for Economics, Humanities and Social Sciences (NRCS).[3]


KIEP was founded in 1990 due to a government initiative and was expanded several times thereafter. The Center for Regional Economic Studies for example was added in 1992, the Beijing office in 1997.[4] In 1999, China, Japan and Korea established a research team for trilateral joint studies on economic cooperation in which KIEP is representing the Korean side. KIEP is also the Korea-representing party in the Korea-China official joint research on issues and prospects of bilateral trade and economic cooperation which was launched in 2003. The Center for EU Studies was jointly established with Seoul National University in 2006 as an East Asian research hub for EU studies that also got support of the European Commission.[5]


Wook Chae, current President of KIEP

KIEP is headed by a President whose position is currently held by Wook Chae. He receives assistance by a Vice-President as well as the Planning and Research department to oversee the five main research divisions:[6]

  • The Department of International Macroeconomics and Finance analyzes international macroeconomic policies and financial issues, especially with regard to their relevance for the Korean economy.
  • The research of the Department of Trade and Investment Policy focuses on issues related to international institutions such as WTO, OECD or APEC.
  • The Center for Regional Economic Studies assesses trends and developments in other countries that are significant for Korea.
  • The Center for International Development Cooperation deals with questions of international development cooperation and ways to foster Asian economic cooperation.
  • Research for the Korean policy making towards APEC are carried out by the National Center for APEC Studies.

By request KIEP carries out research for outside institutions and organizations but its main function is to advise the South Korean government on all kinds of international economic policy topics.

Besides, KIEP is the overarching body of the Washington D.C.-based Korea Economic Institute (KEI) and co-sponsors the Asia-Economic Panel (AEP) in cooperation with Columbia University's Earth Institute (EI) and the Global Security Research Center (GSEC) at Keio University.


The institute publishes regularly different policy analyses, working papers, monographs and periodicals, among them the Journal of East Asian Economic Integration (JEAI).


  1. ^ "About KIEP: A message from president Dr Wook Chae", Official Webpage, accessed July 19, 2011.
  2. ^ "The Global Go-To Think Tanks", International Relations Program, University of Pennsylvania, accessed July 19, 2011.
  3. ^ "Member Research Institutes", NRCS Official Webpage, accessed September 28, 2012.
  4. ^ "About KIEP: History", Official Webpage, accessed August 01, 2011.
  5. ^ "Center for EU Studies", Official Webpage, accessed August 01, 2011.
  6. ^ "About KIEP: Organization", Official Webpage, accessed July 19, 2011.

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