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LOC05 Politics, Economy, and Society in South Korea

Track Code
LOC05
Track Chairs
Prof. Sunil Kim

While South Korea is often lauded for its vibrant democracy and robust economy, the nation currently faces a multitude of pressing crises. Political polarization is a major concern. The winner-take-all system has resulted in an unpopular presidency, characterized by unresponsive governance, while a polarized legislature, dominated by two major parties, engages in populist politics catering primarily to their staunchest supporters. This leaves a vast majority of voters feeling unrepresented and disenchanted with the democratic process.

Additionally, several critical social issues are impeding the South Korean economy. The country is grappling with significant demographic changes, including an extremely low birthrate and an aging population, both of which are exerting unprecedented strain on its welfare system. Moreover, South Korea’s once-dominant industries are struggling to maintain their competitiveness on the global stage, challenged by emerging players. The ongoing technological rivalry between the United States and China further destabilizes supply chains, presenting considerable challenges for a resource-scarce, export-driven economy. Amidst these economic pressures, rising inflation, high interest rates, and fluctuating exchange rates have stagnated economic growth and deteriorated the quality of life for the general populace.

Furthermore, the threat from North Korea is evolving, extending beyond its nuclear and missile programs to include sophisticated cyber-terrorism tactics. These multifaceted challenges illuminate broader political, economic, and social issues that many countries are confronted with globally.
This track seeks to provide a platform for both theoretical and practical debates among experts from around the world. We invite submissions from all disciplines, employing a variety of theoretical and methodological approaches, to examine the complex facets of South Korea’s politics, economy, and society. This inquiry into South Korea, a veritable laboratory of social sciences, aims not only to diagnose the nation’s problems but also to suggest viable solutions and implications for the global community. We encourage scholars to share their insights and contribute to this rich discussion, helping to shape responses to some of the most pressing issues of our time.