2026 Fiscal Policy Forum Webinar: The Role of Fiscal Policy During Global Economic Crises

On June 9, 2026, the GW Institute for Korean Studies (GWIKS) hosted a Fiscal Policy Forum webinar examining how fiscal policy can respond to global economic crises while preserving long-term sustainability. Against the backdrop of energy-price shocks from conflict in the Middle East and the fiscal pressures of an AI-driven semiconductor boom, speakers discussed Korea's recent crisis response — including its supplementary budget, fuel price measures, and energy strategy — and the broader challenge of balancing emergency support with fiscal credibility. The session featured perspectives from the Ministry of Planning and Budget alongside U.S. and Korean fiscal experts, followed by a moderated roundtable and audience Q&A. Welcome Remarks Celeste Arrington — Director, GW Institute for Korean Studies Jongyearn Lee — Chair for Public Policy Research and Associate Professor, KDI School of Public Policy and Management Younghyun Kim — Director of Budget Communication and Cooperation Division, Ministry of Planning and Budget Speakers Tom Ramage — Fellow and Economic Policy Analyst, Korea Economic Institute Taesuk Lee — Senior Fellow, KDI School of Public Policy and Management Moderator Celeste Arrington — Director, GW Institute for Korean Studies 0:24 Welcome Remark 17:37 Opening Remark - Tom Ramage 29:07 Opening Remark - Taesuk Lee 46:32 Roundtable Discussion 1:03:35 Q&A