Choo Kyung-ho, Deputy prime minister and finance minister

Joel Wit, Founder of 38 North

The Korea Times will host a forum titled "New Challenges for Korea-US Alliance" at the Korea Chamber of Commerce and Industry (KCCI) building in Seoul on Oct. 26.

The timely event is being held as North Korea continues to test-fire missiles and gears up for another nuclear test, posing an unprecedented threat to South Korea and the United States, as well as the international community.

The forum will address two vital parts of the Korea-U.S. alliance ― economic security and the allies' responses to new challenges posed by North Korea, such as its upgraded missile technologies, cyberwarfare and use of cryptocurrency to evade international sanctions ― and policy recommendations for South Korean and US policymakers.

Deputy Prime Minister and Finance Minister Choo Kyung-ho will deliver a keynote speech on the topic of economic security in times of global supply chain disruptions.

Joel Wit, founder of 38 North and distinguished fellow in Asian and Security Studies at the Washington D.C.-based think tank, Stimson Center, will revisit the latest challenges from North Korea and share his ideas on how South Korea and the United States should work together to thwart the threats.