The administration of Roh, Moo-hyun has established a goal for Korea’s economy to reach the $20,000 per capita level, which would move the country even higher than it is now amongst the world’s leading economies. As its domestic economy rebounds and exports continue to show robust growth, Korea has a unique opportunity today to establish a new paradigm for prosperity in Asia. Korean stock market specialist Henry Seggerman will present a series of uncompromising reform steps Korea must take, in order to get from its current (2003) $12,020 per capita income to the Roh administration’s mandated goal of $20,000. Seggerman’s “road map” includes challenging and controversial reforms in labor-management relations, corporate governance, deregulation, bankruptcy procedures, consumer lending, foreign investment and other important policy areas.

Henry Seggerman is CEO of International Investment Advisers, whose Korea International Investment Fund (KIIF) is the oldest hedge fund invested in the Korean stock market. From its inception, when the market first opened to foreigners in 1992, to February 28, 2005, KIIF out performed Korea’s KOSPI index by an unrivalled 368% (including reinvestment of dividends). Seggerman, a graduate of the University of Michigan, has visited over 150 Korean listed companies and numerous government ministries and NGOs. He is a frequent contributor such publications as FinanceAsia, Money Today, Maeil Economic Daily, the Korea Times, Bloomberg Television, The Wall Street Journal, Barrons, Seoul Economic Daily, Korea Economic Daily, and the Far East Economic Review.

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