The Ministry of Economy and Finance and the Korea Development Institute (KDI) will host the 'Group of Twenty (G20) Global Financial Stability Conference.' The conference is expected to diagnose risk factors in the global economy, such as trade policy uncertainty, and seek response measures.
The Ministry of Economy and Finance announced on the 31st that it plans to co-host the '2025 G20 Global Financial Stability Conference' with KDI at 9:30 a.m. on the 3rd of next month at the Plaza Hotel in Seoul.
The conference marks its 11th event this year since it was first held in 2013. It has served as a platform for scholars and experts in the fields of global economy and international finance to examine risk factors in the economy and finance.
This year's theme is 'Strengthening financial stability and enhancing resilience in a changing environment of uncertainty.'
The conference will begin with opening remarks from Lee Hyung-il, the first vice minister of the Ministry of Economy and Finance, and Jo Dong-chul, the president of KDI. Maurice Obstfeld, a senior fellow at the Peterson Institute for International Economics (PIIE), and Markus Brunnermeier, a professor at Princeton University, will each give keynote speeches on 'Changes in the trade regime and financial stability' and 'Global safe assets in an era of policy uncertainty,' respectively.
The conference will consist of three sessions. The first session, themed 'Adjusting global imbalances: Impact on international trade and finance,' will feature participation from Aihanz Koze, the director of the World Bank (WB) Development Prospects Group, and Jonathan Ostry, a professor at the University of Toronto. They will discuss the world economy under uncertainty, trade regulations, trade policy uncertainties, and foreign direct investment.
The second session, themed 'Major challenges facing the international financial system,' will feature presentations from Kenneth Kang, deputy director of the Strategy, Policy, and Review Department of the International Monetary Fund (IMF), and Iñaki Aldasoro, an economist at the Bank for International Settlements (BIS), discussing 'Implications of expanding the role of non-bank financial institutions (NBFI)' and 'Innovation and financial stability: Artificial intelligence (AI) and stablecoins.'
The final session will focus on 'The changing sovereign debt landscape.' It will start with presentations from Shin Hyun-sung, economic adviser and director of the monetary policy department at the Bank for International Settlements (BIS), and Miroslav Singer, former governor of the Czech Central Bank. Following that, there will be discussions on the structural changes in the global financial system, prospects for sovereign debt procurement, sustainability, and demographics.