• Journal of Korea Society of Industrial Information Systems
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• v.4 no.1
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• pp.87-96
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• 1999

Korea, one of the members of the Organization for Economic Cooperation and Development (OECD), has been one of the fastest growing countries in the world since World War Ⅱ. However, Korea has recently suffered from an economic crisis which has been mainly attributed to a fluctuating foreign currency rate. The future of Korea relies on how the country prepares and copes with the crises. There have been enormous effort to solve current economic crisis. However, preparation to the anticipated crisis is much more important than solving problems after the crisis. Recently, the virtual crisis preparation team approach appears to be one of the effective alternatives to cope with various crises. The objectives of this study ale to (1) show that crisis preparation is very important factor for the Korean government to one with the current and future crises; (2) to prove that the virtual crisis preparation team is one of the better alternatives to solve crisis; (3) to suggest a virtual crisis preparation team model can be adapted to the Korean situation.

• Proceedings of the Korea Water Resources Association Conference
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• 2016.05a
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• pp.579-579
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• 2016

물이 상품에 내재되어 국가간 이동을 한다는 가상수 개념은 기후변화로 인해 물부족 현상이 심화되면서 세계 각국의 관심을 얻고 있다. 향후 물부족 현상 및 가상수 이동과 관련해 국제적인 물거래에 대한 전세계적 차원의 조치가 있을 가능성이 예상되면서 가상수의 국제적인 이동 추이에 대한 연구가 이루어지고 있다. 그럼에도 불구하고 가상수 교역에 영향을 미치는 요인이 무엇인지에 대한 연구는 아직 미비하다. 따라서 본 연구는 가상수 이동에 영향을 미치는 요인을 사회경제적 요인을 중심으로 탐색한다. 사회경제적요인으로서 국가의 경제위기 경험 유무, 경제규모, 생활수준, 경제성장속도, 그리고 수자원 정책기조를 선정하고, 이러한 요인들이 전세계국가 및 한국의 가상수 교역량 변화에 어느 정도나 영향을 미치는 지를 분석했다. 가상수 교역량에 대한 자료는 UNESCO, UN, FAO의 자료를 토대로 데이터셋을 구축해 활용했다. 총 10개 농축산 품목을 대상으로 산정한 가상수 교역량에 대해 1989년부터 2013년까지 총 24년간의 자료를 분석했다. 분석 결과 아시아 외환위기, 미국발 경제위기 등 세계적 수준의 경제위기는 전반적으로 가상수 교역추이에 큰 영향을 미치지는 않았으나, 미국발 경제위기는 가상수 교역흐름 완화와 일정 정도 관련성을 보였다는 사실을 알 수 있었다. 경제규모와 가상수 교역량은 전반적으로 높은 상관관계를 보였으며, 한국의 경우에는 경제규모 및 생활수준 모두 가상수 교역량과 높은 상관관계를 보였다. 반면 경제성장속도는 가상수 교역량과 큰 상관관계를 보이지 않았다. 시간적으로 보았을 때 한국의 경우 생활수준은 2007년도 이후에 가상수 교역량과 매우 큰 상관관계를 보였다. 경제적 요인, 특히 경제규모가 가상수 교역량과 높은 관계를 보이는 것은 경제력이 상승하면서 생활습관이 변화해 육류소비가 많은 것과도 관련이 있는 것으로 분석되었다. 사회적 요인과 관련해 분석한 수자원 정책의 기조변화는 가상수 교역량 변화에 영향을 미치지 않는 것으로 나타났다.

• Journal of Convergence for Information Technology
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• v.9 no.12
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• pp.133-140
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• 2019

This study examines the reason of a staggering trade deficit on the Korean agro-food industry. To achieve the goal of the study, this study suggests the policy implication for enlargement a trade deficit with foreign exchange rate. Despite the majority of grain importer does realize that there is a huge affection for price volatility on the business result, they are more likely to take flat pricing through the physical market to avoid risk of price volatility with exchange rate. Also the analysis of external and internal environments around the Korean agro-food export & import are conducted, particularly with the analysis of trade volume and food price affecting the export & import. Results from a survey show that the common factor to the effective use of overseas agricultural and foreign currency futures trading for grain traders in Korea.

• Korea journal of population studies
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• v.35 no.2
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• pp.159-184
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• 2012

This study purports to analyze how individuals' labor market integration affect their transition to marriage. In doing so, I construct variables for job stability and continuity to represent labor market integration using labor force status and years of participation at the time of marriage and during the three years up to the point of marriage. In particular, I focus on differential effects of these labor market integration on the transition to marriage by cohorts: one for those who are likely to enter the labor market after the 1997 financial crisis and the other for those who are before the 1997 financial crisis. I used the Korean Labor and Income Panel Study and analyzed individuals aged above 18 in 2008. The main results are as follows. being currently employed and regular employment increases hazards of the first marriage for men but decreases them for women. long-term no-jobs decreases hazards of marriage for both women and men. long-term regular employment increases hazards of marriage for women but not for men at the statistically significant level. These effects vary by cohorts implying that recent economic and labor market instability deteriorated economic conditions for the youth making transitions to marriage.

• Journal of Technology Innovation
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• v.26 no.4
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• pp.98-121
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• 2018

This article analyzes the survival of Korean software firms from 1995 to 2015 by Cox regression model and product-limit method. The results show that survival rates are different for each sector: IT service, package software, game software and internet service. In addition, firm growth and investment in research and development positively affect software firm's survival, while slack resources negatively affect the software firm's survival. The implication of this study is that characteristics of the software industry and technologies should be taken into consideration in survival strategy of software firms and government policy. Previous research on survival analysis has been mainly conducted in the manufacturing industry or at the special circumstance such as the foreign exchange crisis of Korea in the late 1990s. The contribution of this study is that expanding the survival analysis to software firms in Korea which are becoming more important recently.

• International Area Studies Review
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• v.13 no.2
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• pp.277-297
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• 2009

This paper empirically investigates a long-run and short-run equilibrium relationships for exchange rate and stock prices in Korea and Japan from January 1998 to July 2008. Because using monthly data in my study, analyzes unit root test and VEC model including seasonality to overcome bias that happen in seasonal adjustment. The empirical evidence suggests that exists strong evidence supporting the long-run cointegration relationships between exchange rates and stock prices of the Korea and Japan. This implies that it is possible to predict one market from another for both countries, which seems to violate the efficient market hypothesis. In the long-run a negative relationship running from the KRW/JPY real exchange rate to the stock prices of Korea strongly argues for the traditional approach.

• International Area Studies Review
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• v.21 no.1
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• pp.181-200
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• 2017

This study investigates the impact of exchange rate and exchange rate volatility on the stock prices of eight industries from 2006 to 2015. The first and second exchange rate exposure of these eight industries is estimated with respect to four different exchange rates, namely the US dollar, Japanese yen, European currency unit, and British pound. In exchange rate exposure, stock prices in foods-beverages, paper-wood, electricity-gas, and banks industries are negatively related to exchange rate, whereas stock prices in electrical-electronic equp. and transport-equp. industries are positively related to exchange rate as expected. However stock price in machinery industry is negatively related to exchange rate, which is opposite to the expectation. Negative relationship is found between stock price in chemicals industry and exchange rate. In exchange rate volatility exposure, stock price in paper-wood industry is found to be negatively related to exchange rate volatility. Stock price in banks industry is also negatively related to exchange rate volatility. This result is opposite as expected, because banks are supposed to get more revenue by issuing derivatives related to foreign exchange when exchange rate volatility increases.

• International Area Studies Review
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• v.12 no.2
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• pp.3-26
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• 2008

This article investigates the usefulness of the skewed Student-t distribution in modeling the long memory volatility property that might be present in the daily returns of two Australian financial series; the ASX200 stock index and AUD/USD exchange rate. For this purpose we assess the performance of FIGARCH and FIAPARCH Value-at-Risk (VaR) models based on the normal, Student-t, and skewed Student-t distribution innovations. Our results support the argument that the skewed Student-t distribution models produce more accurate VaR estimates of Australian financial markets than the normal and Student-t distribution models. Thus, consideration of skewness and excess kurtosis in asset return distributions provides appropriate criteria for model selection in the context of long memory volatility models in Australian stock and foreign exchange markets.

• International Area Studies Review
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• v.21 no.4
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• pp.3-17
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• 2017

The purpose of the paper is to suggest the empirical evidences for the effects of factor prices on the export performance in the Korean manufacturing industries during the period 1975:1-2016:4. The paper is to set up the error correction model derived from the autoregressive distributed lag scheme and to estimate the factor price elasticities of export in the 8 manufacturing industries. The real wage, interest and import price index elasticities of export all were estimated to be statistically significant at 1% level in the most industries with showing negative signs as expected. And the real wage elasticity proved to likely be smaller as the industries become more capital-intensive while the import price index elasticity tended to become larger in industries with larger ratio of imported intermediate goods to output. The empirical results suggest that the declines in input factor prices since the foreign exchange crisis in the end of 1997 have positive effects on the export performance in the Korean manufacturing industries.

• Economic and Environmental Geology
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• v.56 no.4
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• pp.447-456
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• 2023

Even after 2000, oil prices rose enough to be comparable to the past, but the impact on economic variables was relatively stable. Therefore, this study tries to empirically examine that the response of the Korean economy to oil prices has changed since the 1998 financial crisis, when there was a structural change in the Korean economy. Through empirical analysis, it was tested that the influence of oil prices and producer prices on consumer prices had changed in the period before and after 1998, and that the influence of producer prices on the value-added ratio by industry sector also changed. This means that the transfer of the increase in production cost to consumer prices has been alleviated, and the impact on added value has also been alleviated. Various studies should be conducted to understand the causes of the empirical results, such as changes in the relationship between producer prices and consumer prices, factors in the industrial sector due to rising oil prices, and changes in products.