• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.5
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• pp.116-124
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• 2016

In the past, once apartments were built by housing construction companies, their presale went smoothly. Therefore, the developer and construction companies in Korea were extremely competitive in the housing market. However, when the 1997 foreign exchange crisis and 2008 global financial crisis occurred, the quantity of unsold new housing stocks rapidly increased, which caused construction companies to experience a serious liquidity crisis. This paper aims at analyzing the influence of Liquidity on the Housing Market before and after Macroeconomic Fluctuations using VECM. The periods from September 2001 to September 2008 and from October 2008 to October 2015, which were before and after the Subprime financial crisis, were set as Models 1 and 2, respectively. The results are as follows. First, it is important to develop a long-term policy for the housing transaction market to improve household incomes. Second, due to the shortage in the supply of jeonse housing, structural changes in the housing market have appeared. Thus, it is necessary to seek political measures to minimize the impact of transitional changes on the market.

• Journal of Korea Technology Innovation Society
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• v.17 no.1
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• pp.195-218
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• 2014

Recently, due to the global economic crisis and prolongation of slow growth period, many countries have proposed creative economy as an important policy for economic growth. Korea has also progressed important policies such as development of creative industries, start-up activation and employment creation through creative economy as a key policy. However, each country has a different definition of creative economy and detailed field to promote, and there is a lack of research on creative economy of industrial complexes and activation plans of creative industries. This study derived the priority order and importance of development plans to develop into creative clusters through AHP analysis base on Gumi National Industrial Complex that have had a significant role in the national economy since the 1970s. As a result, the creativity enhancing factor was the highest priority, followed by creative infrastructure and network. These results mean that it is necessary to promote creativity in order national industrial complexes to continuously lead national economy and for this purpose it needs to prioritize the development of creative human resources and to extend the creative R&D. This study can be provided to government and local policy makers and innovation agencies as basis data and practical policy guide to establish a successful creative cluster by deriving the priority order in reflection of both hardware and software policies such as infrastructure to develop national industrial complex into creative cluster.

• International Commerce and Information Review
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• v.14 no.3
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• pp.3-30
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• 2012

In the development process, small and medium-sized enterprises in China have shown their unique features and regularities which are closely related to China's national condition and economic characteristics. But in 2008, because of the global financial crisis which started in the USA, the rate of Chinese export and the rate of economic growth has evidently slowed. Due to shortage of funds, foreign orders fell, increase the value of RMB, lack of talented factors, Chinese SMEs are facing bankruptcy. In this context, the purpose of this study is to examine the effects of domestic and international market environment, the government assistance for entering overseas market, entrepreneur characteristics, etc. on the global performance. Based on these, a research model and some hypotheses were set up and tested by the multiple regression analysis with total 317 effective survey data. The results of this paper are as follows. First, a positive effect relation on the financial performance was shown for the companies with high domestic and international market environment in the aspect of market environment. According to such analysis result, it was found that the market environment in which SMEs belong to is a very important factor. Second, in the aspect of government export assistance related to overseas, market development showed a positive effect relation on the both financial and non-financial performance. However, the direct financial assistance showed a positive effect relation only on the non-financial performance. Overall, it was found that the government assistance program on entering overseas market is having significant effects on SMEs, but direct financial assistance have not achieved the desired results. Third, the innovative-ness and progressiveness of entrepreneur showed a positive effect relation on the global market performance. However, the risk-taking of entrepreneur only showed a negative effect relation on the non-financial performance. Overall, it was found that the entrepreneurship of SMEs is an important and influential factor. This is a result implying that the propensity of taking too much risk is not desirable based on the uncertainty of the global environment market. To sum up, this study confirmed that the market environment, the government assistance and entrepreneur characteristics, which are the major prerequisites of global performance, have effects on global performance.

• KDI Journal of Economic Policy
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• v.32 no.2
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• pp.1-26
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• 2010

This paper empirically examines whether Korean monetary policy is independent of U.S. monetary policy during the post-crisis period in which capital account is liberalized and floating exchange rate regime is adopted and during the pre-crisis period in which capital mobility is restricted and tightly managed exchange rate regime is adopted. Before capital account liberalization, monetary autonomy can be achieved in view of the trillema, even under tightly managed exchange rate regime, as capital mobility is restricted. On the other hand, for the period after capital account liberalization, monetary autonomy can be also achieved in view of the trillema, as exchange rate stability is given up. Securing monetary autonomy, however, may not be easy under liberalized capital account for a small open economy like Korea. Huge capital movements can generate excessive instability in foreign exchange and asset markets. Strengthened international economic linkages may also be another factor to prevent monetary policy from being independent. Using block-exogenous structural VAR model, the effects of U.S. monetary policy shocks on Korean economy are examined. Empirical results show that Korean monetary policy is not independent of U.S. monetary policy for both periods before and after capital account liberalization. For the period after capital account liberalization, Korea does not seem to have implemented floating exchange rate policy in practice, which may lead Korean monetary policy to be dependent on U.S. monetary policy. For the period after capital account liberalization, portfolio flows respond dramatically to the U.S. monetary policy, which may also keep Korean monetary policy from being independent.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.16 no.4
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• pp.59-70
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• 2021

This he problem of youth unemployment is already a very serious social problem at home and abroad, and entrepreneurship, which is one of the ways to solve the problem of youth unemployment, has been studied with interest from various fields. Entrepreneurship not only overcomes the economic crisis, but also plays a role in nurturing innovative talents in the era of the 4th industrial revolution. For this reason, it can be said that research for activating entrepreneurship for college students is very important. The purpose of this study is to examine how individual entrepreneurial orientation and goal orientation affect economic entrepreneurial motivation and non-economic entrepreneurial motivation in order to confirm the effect of college students' economic entrepreneurial motivation and non-economic entrepreneurial motivation. In addition, in the relationship between individual entrepreneurial orientation and entrepreneurial motivation (economical and non-economic), we will examine whether goal orientation has a mediating effect. As a result of the study, first, it was confirmed that the individual entrepreneurial orientation of university students had a positive (+) effect on the goal orientation. Second, it was confirmed that the goal orientation of college students had a positive (+) effect on economic entrepreneurial motivation and positive (+) influence on non-economic entrepreneurial motivation. third, it was confirmed that the individual entrepreneurial orientation of college students had a positive (+) effect on economic entrepreneurial motivation, and a positive (+) effect on non-economic entrepreneurial motivation. Fourth, it was confirmed that college students' goal orientation had a mediating effect in the relationship between individual entrepreneurial orientation and economic entrepreneurial motivation, and also had a mediating effect in the relationship between individual entrepreneurial orientation and non-economic entrepreneurial motivation.

• Proceedings of the Korean Association of Geographic Inforamtion Studies Conference
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• 2010.06a
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• pp.81-82
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• 2010

Emerging global economic growth and increasing demand for energy supply and demand imbalance and the excessive use of fossil fuels existing the rapidly increasing greenhouse gas emissions and resource depletion of global energy crisis is deepening. Accordingly, improvement of living conditions around and through the natural ecological preservation and the need for a comfortable life for the meeting the importance of energy management and consumption are emerging. Many in the field of architecture for energy-saving measures, and conducting research and verify green building energy ratings and low energy for the initial steps that can be verified from the Energy Performance of BIM(Building Information Model) technology development and commercialization of the building energy to predict the performance objectively, leverages technology in an existing building energy performance analysis and possibilities of BIM-based green building process presented. In this study, using BIM for existing building energy performance analysis of data collected through the objective and efficient management of the energy it consumes Mapping and Management Plan is to research on.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.1
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• pp.320-334
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• 2010

Due to the global economic crisis and jobless growth, the problem of employment is becoming an important social issue. Fostering potential entrepreneurs with systematic education can be an alternative for resolving the jobless growth problem. Therefore, this study presents entrepreneurship subjects which are needed for designing a curriculum of the systematic entrepreneurship education. This study develops a questionnaire based on prior researches, and executes the survey of two focused groups comprised with a group of researchers lecturing subjects related with entrepreneurship and a group of executing an entrepreneurship consulting. The result of the study can be applied to design and run the curriculum in the universities, which consider introducing stage of entrepreneurship education. This study help a entrepreneurship department to bear the curriculum, and a direction of specialization.

• Proceedings of the Korea Water Resources Association Conference
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• 2016.05a
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• pp.76-76
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• 2016

2015년은 국제사회 거버넌스 및 정책 패러다임에 있어 전환점(tipping point)을 맞는다. 2000년 국제사회가 인류의 빈곤 퇴치라는 삶에 가장 절대적인 개발목표로 2015년까지 달성해야 할 빈곤, 의료, 교육 등 사회 환경 현안에서 해결해야 할 단순명료한 목표를 제시하였다. 그리고 2015년 9월 UN 지속가능 세계정상 회의(World Summit on Sustainable Development, WSSD)에서는 지속가능개발목표(Sustainable Development Goals, SDGs)를 채택하여 2030년까지 전 세계가 경제성장, 기후 변화 등 경제적, 사회적, 환경적 측면을 통합적으로 고려하여 지속가능한 인간정주환경을 조성하자는데 합의를 마쳤다. 17개의 지속가능개발목표와 부속적으로 169개의 타겟이 설정되었으며, SDGs 안에서는 MDGs의 기조를 유지하면서, 인간의 권리 구현과 성평등, 여성과 어린이의 권리 신장 등을 포함하고 있으며, 기후변화와 예측이 불확실한 다양한 자연재난, 특히 물과 물 관련 재해가 빈곤 경감, 기후변화 대응, 인간정주의 모든 삶의 영역에 연계요소로 녹아 있다. 기후변화 적응과 물 안보, 특히 위기관리의 맥락이 내재되어 있는 2030년을 목표로 하는 국제사회의 Post-2015 개발의제에서 물 분야는 무엇보다 중요한 관심 분야로 부각이 되어 있다. 17개의 지속가능개발목표에서 SDG6을 "모두를 위한 물과 위생의 지속가능한 관리와 이용(Ensure availability and sustainable management of water and sanitation for all)"으로 하고 수자원관리 및 물과 위생 분야의 중요성을 전세계가 공감하고 함께 해결해 나가야 함을 강조하였다. 그러나 실질적으로는 물을 직접적으로 언급한 6번째 목표뿐만 아니라, 빈곤의 근절(SDG1), 기아근절과 지속가능한 농업의 증진(SDG2)을 비롯한 다양한 목표들에서 물 분야가 직접?간접적으로 연계 되어 있으며, 특히 기후변화의 영향으로 더욱 심각해진 물관련 재해로부터 리질리언스 확보 등, 지속가능개발목표의 전반적인 기조에서 물안보 확보를 읽을 수 있다. 물 분야에서 지속가능개발목표의 이행을 위한 노력은 국제사회의 물 문제 해결에 공동으로 대응하기 위한 글로벌 동반 성장 지원체계를 구축하기 위한 초석이 될 것이다.

• International Area Studies Review
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• v.14 no.1
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• pp.203-219
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• 2010

Nowadays an instability of the exchange rate on accounts of global finance crisis brings on a lot of an economic damage such as recession, decreasing of total trade and so on. However some countries which belong to be membership of the eurozone could escape economic slump shortly and easier than others. The reason for this is that they share with the Euro as a their own currency which is the second vehicle currency all of the world. This paper analyzes the correlation of joining the Euro zone and trade with pooled OLS, random effect estimation, and fixed effect estimation. A membership of the Euro zone are able to increase trade 11.3% ~ 25.3% one another on average since some country belongs to the Euro zone. It is very important for some countries which have a plan to affiliate the Euro zone sooner or later to realize economic effect because of a protection of the Euro zone as well as political power.

• Journal of Korea Port Economic Association
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• v.40 no.2
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• pp.137-155
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• 2024

To achieve the national goal of "2050 Carbon Neutrality" in the era of the climate crisis, it is important to support the decarbonization of ports, which are the vital node of the global supply chain. Following the establishment of the concept of port's decarbonzation, this study reviewed the obstacles and solutions to port decarbonization through literature research. Furthermore, the goals and strategies for decarbonization implementation of world major ports were examined through case analysis, and the level of decarbonization implementation of the five Korean major ports was quantitatively evaluated using a performance-based score measurement method. As a result of the analysis, the level of decarbonization of Korean ports is generally far behind that of advanced countries. In particular, measures for environment-friendly inland transportation, future alternative fuel bunkering facilities, and various market-based incentive policies are needed. As a policy task for the decarbonization of Korean ports, first, the necessity of establishing a emission inventory, monitoring, and reporting system and the disclosure of related information, second, the mixing strategy of various greenhouse gas reduction measures, and third, the increase in the proportion of renewable energy at ports were suggested.