• KDI Journal of Economic Policy
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• v.28 no.2
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• pp.239-262
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• 2006

The paper suggests that there has been a shift in the allocation of bank credit from large firms to small firms before and after the economic crisis. The paper also suggests that the improved lending practices of financial institutions, at least partially, contributed to this shift of corporate loans from large firms to small firms. Comparing the periods before and after the economic crisis also suggests that some important changes occurred to the corporate bond market. The effect of firm size on the corporate bond market differs before and after the economic crisis. Before the crisis, the larger the firms, the more they could borrow in the corporate bond market. However, after the crisis, it is not the case. The following interpretation could be put forward. Before the crisis, investors in the corporate bond market expected that the government would rescue large firms if they face the risk of bankruptcies. However, the collapse of Daewoo Group in 1999 shattered the TBTF (Too Big To Fail) myth of the public. The liquidity crisis of Hyundai Group in 2000-2001 reinforced the disintegration of the TBTF myth.

• KDI Journal of Economic Policy
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• v.28 no.2
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• pp.51-96
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• 2006

Two conditions should be satisfied if fiscal policy is to stabilize economic cycles; proper policy timing and significant policy effect. This paper evaluates whether the policy timing has been proper in Korea by investigating the correlation between fiscal policy stance and economic conditions. We first calculate quarterly FIs (Fiscal Impulse) using the estimated potential GDP and fiscal balance data. Based on these indices, we 1) analyze how FIs respond to the economic conditions summarized in GDP gap through regression analysis, 2) compare average FIs in expansionary and recessionary periods according to the NSO's economic cycles, 3) evaluate fiscal policy maker's perception of economic conditions and its intention by reviewing the budget proposals. Although regression analysis shows that overall fiscal policy, especially expenditure side, has properly responded to economic conditions, average FIs do not show the significant difference between expansionary and recessionary periods. It is inconclusive whether the fiscal policy timing has been proper. Budget proposals show that actual fiscal policy stance has been sometimes inconsistent with the policy intention, which implies that it is hard to utilize fiscal policy actively to stabilize the economy.

• Korean Journal of Environmental Agriculture
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• v.15 no.4
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• pp.472-478
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• 1996

It was conducted to compare the availabilities of parameters for evaluating the sink capacity of the broad leaves trees such as Acer saccharium, Ailanthus altissima, Ginkgo biloba, Platanus occidentalis and Salix pseudolasiogyne. These trees, repoted as resistant species to air pollutants, were exposed to $SO_2$, $NO_2$ and CO within a phytotron at $25^{\circ}C$ with 70% of relative humidity. Since the amount of ad- or absorbed gas does not always agree with the amount of accumlated pollutants in leaves and with the stomatal density, it is assumed that the amount of ad- or absorbed gas is the most basal index to evaluate the sink capacity of trees. The stomatal diffusive resistance, which has a good agreement with the amount of ad- or absorbed gas, is also available for evaluating the sink capacity of broad leaves trees.

• The Journal of the Korea Contents Association
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• v.14 no.5
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• pp.332-346
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• 2014

The study supports not only the implicative results and strategic implication to social media staff and managers, but also extended the marketing studies in Korean financial institutions. This paper examined the effect of market orientation on social media marketing performance in the Korean financial institituions. Narver and Slater's market orientation theory was employed for the structural equation model framework. Indirect and direct implication on the social media marketing performance were analyzed. This study conducted online survey social media marketing staff and managers in 230 Korean financial institutions such as banks, securities, asset management, credit card, insurance companies. 102 responses were collected and analyzed. The results revealed that financial institutions' customer orientation, competitor orientation and inter-functional coordination have a positive impact on marketing communications execution degree but not direct effect on social media marketing performance except competitor orientation. Although it does not appear to have a statistically significant association between market orientation two concepts such as customer orientation and inter-functional coordination, and social media marketing performance directly, the competitive orientation has statistically positive impact.

• Current Research on Agriculture and Life Sciences
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• v.17
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• pp.1-6
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• 1999

This study was conducted to detect the allelopathic effect of water and ethanol extracts from 4 plant species (Lactuca sativa L., Ambrosia elatior L., Oenothenra odorata Jasp., Ginkgo biloba L.) on germination and growth of lettuce seeds. A little bit higher inhibitory effect was obtained in ethanol extracts rather than water extracts. Allelopathic effects varied in the source of extracts and concentrations of 4 plant species and the highest allelopathic effect appeared in 10% solution, regardless of plant species.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.11
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• pp.474-482
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• 2016

This paper presents an empirical analysis on the relationship between consumer sentiment and macro-economic indices by consumer's characteristics such as age, income and employment type. According to the empirical analysis based on the Consumer Sentiment Index(CSI) of the Bank of Korea and other macro-economic indices, the following study findings are presented. First, individual consumer sentiment depends not only on GDP growth, but also on other macro-economic conditions such as wage, employment, consumer and asset price, and debt burden. Second, the degree of importance of the macro-economic indices on determining individual consumer sentiment varies strongly according to consumers' characteristics. These findings reveal that the gap between consumer sentiment and GDP growth can largely be explained by considering the other macro-economic indices and consumer's characteristics.

• Journal of Korean Society of Forest Science
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• v.8 no.1
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• pp.140-148
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• 1968

Ginkgo biloba L., which was distributed in Korea, was x-rayed with 100, 250, 500, 1000, 2000, 6000R. The results of responses about germination, morphological variations in seedling and early stage growth may be summarized as follows : 1. The germination percent was decreased with X-ray increasing dose from 500R except the slight stimulation of 100R. 2. The germination $LD_{50}$ seemed to be 765R. 3. The seedling height was depressed significantly but only slightly in 100R. 4. The loaf index was increased proportionally to high dose but T/R ratio was reduced apparently. 5. The dry or fresh weight decreased from 250R. It was highly significant except 100R. 6. Many morphological variations were indicated in plants.

• International Commerce and Information Review
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• v.16 no.3
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• pp.253-273
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• 2014

The Korea-EU FTA has substantially escalated the volumes of South Korea's export and investment in the United Kingdom since its ratification. Coupling with the FTA effect, the ease of doing business in the United Kingdom will increase even more trade and investment by South Korean multinational corporations. In the meantime, the UK Bribery Act 2010 was enforced to end bribery by individuals and business entities which have close connection with the United Kingdom. The punishment of violating the Act is severe than ever because of "unlimited" fine. Without fully understanding the Act and have compliance measures as described in the Guidance issued by the UK Ministry of Justice, South Korean corporations may risk its whole business. Therefore, this paper will analyze the UK Bribery Act in details to provide critical implications for South Korean corporations under the Korea-EU FTA.

• Journal of the Economic Geographical Society of Korea
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• v.11 no.1
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• pp.45-58
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• 2008

This study aims to analyze the interregional trade and industrial linkage between the Incheon regional economy and the rest of the nation. An interregional input-output table developed by the Bank of Korea's Incheon branch(2007) was employed for this. The analysis of interregional trade shows that Incheon regional economy is strongly interrelated with Seoul and Gyeonggi regional economies. The Incheon's interregional relationship with other regions was analyzed in terms of output dependency rate, output inducement rate, backward linkage, and forward linkage. The results indicated that while the output of Incheon is more dependent on final demands in Seoul and Gyeonggi, changes of the final demand in Incheon cause more output in the rest of nation than that in Seoul and Gyeonggi. Also, while Incheon's backward linkage to Seoul and Gyeonggi is weaker than that to the rest of nation, Incheon's forward linkage to Seoul and Gyeonggi is stronger than that to the rest of nation.

• Journal of Sericultural and Entomological Science
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• v.38 no.1
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• pp.19-24
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• 1996

To investigate the genes which is related to immune reaction of Bombyx mori, differential screening was carried out using naive and induced B. mori mRNA probe. To begin with, we constructed the cDNA library with mRNA isolated from fifth instar larvae injected with E. coli(4 X 106 cells/larva) using Uni ZAP XR vector kit. Thirty-two inducible cDNAs showing higher intensity on the induced mRNA probing membranes were selected. Partial nucleotide sequences of 29 clones were determined and their expessed sequence tags (ESTs) were produced. Nineteen ESTs in 29 ESTs were matched in GenBank database and the rest of them were found to be unknown. These unmatched ESTs were presumed to be novel genes. The nineteen ESTs contained variable genes related to biological process in Bombyx mori and four classes immune genes. Four clones, BmInc 6, 8, 18 and 27 were similar to two antibacterial peptide genes, hemolin gene and transferrin gene, respectively.