[Webinar] Economic Impact of COVID-19 on U.S.-Korea Relations
April 3, 2020 - The American Chamber
of Commerce in Korea (AMCHAM) hosted a webinar on April 3 with the theme “The
Economic Impact of COVID-19 on U.S.-Korea Relations.” The guest presenters were
Troy Stangarone, Senior Director and Fellow at the Korea Economic Institute of
America (KEI), and Kyle Ferrier, Director of Academic Affairs and Fellow at KEI. About the SpeakerTroy Stangarone, Senior Director and
Fellow, Korea Economic Institute of America (KEI)Troy Stangarone is Senior Director
and Fellow at the Korea Economic Institute (KEI). He oversees KEI’s trade and
economic related initiatives, as well as the Institute’s relations with Capitol
Hill and the Washington, DC trade community. As part of his broader portfolio
he serves as the editor for KEI’s flagship publication, Korea’s Economy, and
oversees KEI’s blog, The Peninsula.
Mr. Stangarone has written extensively and has been widely quoted on
U.S.-Korea relations, South Korean trade and foreign policy, and North Korea.
His work has appeared in publications such as Foreign Policy, CNBC, CNN,
China-US Focus, the JoongAng Ilbo, and the Korea Herald. His comments have
appeared in The New York Times, The Wall Street Journal, The Washington Post,
Bloomberg News, CNN, Politico, Chosun Ilbo, Donga Ilbo, JoongAng Daily, and
Yonhap News Service. He has also appeared on TV and radio for outlets such as Bloomberg
News, CNBC Asia, and BBC Radio.
In addition to his work at KEI, Mr. Stangarone is a member of the George
Mason University | Korea President’s Advisory Board, the International Council
of Korean Studies Board, and the Korea-America Student Conference’s National
Advisory Committee. He is a columnist for the Korea Times and a regular
contributor to The Diplomat. He was also a 2012-2013 Council on Foreign
Relations International Affairs Fellow in South Korea, sponsored by the Asan
Institute for Policy Studies.
Prior to joining KEI, Mr. Stangarone worked on Capitol Hill for Senator
Robert Torricelli on issues relating to foreign affairs and trade. He also
served as an aide to Governor James McGreevey of New Jersey. He holds a MSc. in
International Relations from the London School of Economics and Political
Science and a B.A. in Political Science and Economics from the University of
Memphis.Kyle Ferrier, Director of Academic
Affairs and Fellow, Korea Economic Institute of America (KEI)Kyle Ferrier joined KEI as Fellow and Director of
Academic Affairs in 2015. He is charged with managing KEI’s efforts to foster
collaboration between the academic and policy communities.
As part of his responsibilities, Mr. Ferrier is editor of KEI’s On Korea
and Joint U.S.-Korea Academic Studies publications, working with
editor-in-chief Gilbert Rozman on the latter. He also oversees KEI’s university
programs, which reach hundreds of college students in the United States each
year through organized lectures on timely Korea-related issues as well as a
simulation on multilateral negotiations with North Korea.
Mr. Ferrier writes on U.S.-Korea relations, South Korean foreign affairs,
South Korean domestic and international economic policy, and the political
economy of the Asia-Pacific. He has been quoted in numerous media outlets,
including the Wall Street Journal and U.S. News & World Report, and is a
regular contributor to KEI’s blog, The Peninsula, and The Diplomat.
Prior to joining KEI, Mr. Ferrier worked for the Bank of New York Mellon
and was a Program Assistant in the Bureau of Population, Refugees, and
Migration at the U.S. State Department. He was also a Fulbright English
Teaching Assistant for the 2011-2012 grant year in Naju, South Korea. During
his time in Korea, he led his students in a U.S. embassy-sponsored youth
diplomacy program in Seoul, volunteered with North Korean escapees, and
completed a Korean language course at Seogang University. He has held
internships at the Korea Institute for National Unification, U.S. State
Department, U.S. Department of Commerce, and with Senator Charles Schumer at
the height of the 2008 financial crisis.
Mr. Ferrier holds an MSc in International Political Economy from the
London School of Economics and a B.A. in Economics and Government and
International Politics from George Mason University. Webinar BriefTo mark the launch of the AMCHAM Korea Webinar Series, Mr. Troy Stangarone,
Senior Director and Fellow, and Mr. Kyle Ferrier, Director of Academic Affairs
and Fellow, at the Korea Economic Institute of America (KEI), have shared their
insights on the economic impact of COVID-19 on U.S.-Korea Relations. KEI is a
premier U.S. think tank and public outreach organization solely dedicated to
helping Americans understand the breadth and importance of the U.S.-Korea
relations. This AMCHAM Webinar session on Zoom will be highly informative and
interactive, where participants can not only hear from but also ask questions
to these experts in Washington, D.C.
Comparing
the economic situation of Korea and the world in previous financial crisis to
the situation today, Director Ferrier noted, "Korea is in much better
shape than when it was in '97-'98, and now what's most important for the U.S.
and South Korea is to build upon our bilateral relationship and expand to
multilateral cooperation. Korea is actually in a strong position and it should
try to help other countries really face the threat that coronavirus poses on a
more equal ground." Noting
that the travel and tourism was one of the industries hardest hit by the
crisis, Senior Director Stangarone remarked, "It is going to take
significant government intervention to revive the tourism and travel industry.
Unless there are sort of common global standards backed by all the governments,
people are going to be leery to travel." “AMCHAM
is actively participating in social distancing under the strict goal of
preventing the spread of the coronavirus. Given the circumstances, it is
meaningful that we can promote communication and exchange of opinions using
creative digital platforms such as this webinar series,” said AMCHAM Chairman
& CEO James Kim. “Discussing the future of Korea’s economy via these
webinars will allow for a faster recovery.” AMCHAM planned this webinar series to address major
issues in the global business economy while encouraging social distancing to
prevent the spread of coronavirus. About 200 people attended the webinar
online.Full Details
Please refer to the following link for full content
access on AMCHAM webinar:https://youtu.be/c67DC_OnED4?
2020.04.03
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