For some in-depth analysis of this development, we are joined in the studio by Dr. Yang Jun-suk,
economics professor at the Catholic University of Korea.
Let′s first start with the overall situation.
The report we just saw briefly mentions it,... but why do OPEC member countries want to keep
the quota?
Is that even an effective strategy to keep shale gas prices
in check?
What ripple
effects
will it bring to world economies?
What about Korea?
Hyundai Research Institute had
said
a ten percent drop in oil price would eventually increase Korea′s GDP by 0.3%?
What can Korea do to take advantage of the low oil prices but at the same time stave
off deflation?
Thank
you
very much, professor.