Global Biz Forum tackles economic fragmentation, digital money
Business and diplomatic leaders convened in Seoul on Wednesday at the Global Biz Forum to examine economic fragmentation and international partnerships. Georgian Ambassador Tarash Papaskua and Hanyang University professor Kim Gwang-seok addressed how countries must adapt to shifting geopolitical realities.
Georgia recorded 9.4 percent economic expansion in 2024 and projects 7 percent growth for 2025, positioning itself as a logistics corridor between Europe and Asia. The nation recently finalized a trade agreement with South Korea and seeks to attract Korean investment through infrastructure development at sites like the Anaklia Deep-Sea Port.
Kim warned that the world has entered an era of geoeconomic division marked by trade blocs and regional alliances rather than open markets. He noted that asset prices continue to rise despite weak purchasing power, a phenomenon driven by monetary policy and declining interest rates.
The economist predicted intensifying competition over digital currency systems as governments and financial institutions vie for control of stablecoin infrastructure. The Korea Herald and Herald Business organized the forum as part of their weekly series featuring experts from multiple sectors.
