Opinion Asia

Korea's New Resilience

Deregulation and maximizing the effects of FTAs will help the economy withstand external shocks.

Updated Jan. 26, 2012 4:06 p.m. ET

Due to its high external exposure, Korea has long been one of the first economies to come under pressure when the global economic climate deteriorates. The crisis in Europe is no exception, making it more difficult for us to tackle the other risks facing our economy. The difference this time is that the Korean government and private sector have the means to deal effectively with those risks.

As the world's seventh-largest exporting country, Korea remains vulnerable to overseas crises and slumps in demand from developed...

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