Established in 1976, The Korea Institute for Industrial Economics and Trade (KIET) serves as Korea’s only government-funded research institute specializing in industrial research and dedicated to the development of national economic and industrial policy. KIET is committed to bolstering competitiveness and strengthening the foundation of Korean industry through the formulation of effective policies that enable industries to adapt to a rapidly changing global industrial environment.
At the outset of 2022, the South Korean economy sought to start anew, aiming to finally surmount the hurdles of COVID-19. Unfortunately, however, the economy is now confronted with an unprecedented level of uncertainty, as one unforeseen risk after another emerged over the course of 2022.