President Manwoo Lee and distinguished members of the Korean Economic
Association, ladies and gentlemen, good evening. I am delighted to be here at the
Korean Economic Association celebrating its 60th anniversary. I would like to extend
a warm welcome to all the scholars who have joined us today, especially those of
you from abroad including last year’s Nobel laureate Dr. Christopher Sims from
Princeton.
Allow me to offer my heartfelt congratulations to the Korean Economic
Association. In the past 60 years, it has provided invaluable policy guidance in Korea’s
path towards economic development. This year in 2012, the Korean Economic Review
was registered at the international Social Science Citation Index.