• KDI Journal of Economic Policy
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• v.14 no.4
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• pp.63-77
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• 1992

This paper examined interactions between stock price and key macroeconomic variables over the period of 1975-1992. It has been found that more than 60% of real stock price changes can be well explained by movements in key macroeconomic variables, particularly in net exports and industrial production. On the other hand, real stock price changes were found to have a significant explanatory power for plant and equipment investments for the sample period of 1975-1985 during which the stock market was stable. In contrast, no significant linkage between stock price changes and investments emerged over the subsample period of 1986-92 despite the sharp expansion of the stock market in terms of trade volume. Based on such findings, two major policy implications were derived; (i) the government's intervention in the stock market to stabilize stock prices would be ineffective unless the stable economic growth supports the market fundamental, and (ii) the stock price stability is a precondition for the stock market to play a key role in mobilizing resources to finance the firm's long-term capital.

• The Journal of Bigdata
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• v.7 no.2
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• pp.225-234
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• 2022

In this paper, we study the recent changes in the credit risk interconnectedness in Korea. Using the CDS spread data from November 2015 to August 2022, we estimate the network structure of sovereign and corporate credit risk. The results show that sovereign and corporate credit risks are interconnected significantly, particularly with respect to the banking sector where FX-related transactions are made. Since 2022 when the monetary policy has become contractionary, such credit risk interconnectedness seems to be strengthened because of greater common exposure.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.8 no.4
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• pp.37-47
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• 2013

This study investigates regional financial markets and proposes some policy measures for boosting up the regional financial system. Financial supports for start-ups, small and medium sized enterprises(SMEs) in early stage growth have been constrained due to expanded financial gaps among regions during financial restructuring period. The bank consolidation through M&A is associated with widening financial gaps between Seoul area and others, and between regions where regional banks survives or not. Loans to small firms are associated with relationship lending techniques that may be better supported by smaller regional banks. The loan rate to SMEs in locals where regional banks are activated has tended to be 10%point higher than the locals where regional banks closed, and also drive the greater contribution for preventing local capital outflow and promoting local capital investment by local penetrating strategy. Government should develop regional financial policies to boost up regional financial system, and expand the business area of regional financial institutions for supporting start-ups and SMEs.

• The Journal of the Korea Contents Association
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• v.6 no.11
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• pp.317-326
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• 2006

By the rapid progress of U-IT(Ubiquitous Information Technology), a variety of national development policies have been devised on the basis of the utilization of the technology Above all things, a number of local governments are driving to construct a 3D GIS(Geographical Information System) that is as a infrastructure for the regional development which is including a u-City construction as a future city model, the competitiveness reinforcement of local governments, a reasonable means of urban management, etc. In this study we tried to find the fundamental direction of construction and utilization of 3D GIS in local governments. As the result of study, we suggested the advanced vision of 3D GIS has a role of treating the public affairs of local governments and of supporting the various private business scope.

• Korean Business Review
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• v.11
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• pp.365-384
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• 1998

Under the rapid change of the world shipping industry, the liner shipping company in Korea should initiate the adaptation power, counterplot for survival, and continuous development. The world shipping industry is in the middle of the wave for the liberalization and openness of it. According to this change in world shipping industry, it is the fact that government policy for shipping industry should start turning its direction from the protectionism to the liberalism. Under this kinds of situations, this study firstly treated the liner shipping company and its governmental policy of Korea and Japan. Based on those studies, analysis of the liner shipping company operation and management reality was executed. Through the execution of studies, the problems which should be solved for development occurred. Furthermore, this thesis takes two way of researches of literature and actual proof for reinforcement plan of international competitiveness. This standard time period of study is set in 1993 except the irregular liner shipping company.

• Review of Culture and Economy
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• v.17 no.2
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• pp.103-135
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• 2014

This research dwells on the new paradigm of policy making of some innovative nations in Korean content industry. Especially this paper did evaluation of governmental policy in recent 5 years (2008~2012) in the field of Korean content industry. According to this research, the program of policy in Korean content industry had been obsessed to passive enrichment focusing on some part of content industry. The whole process of policy, scheme of policy and working flow of policy were very constrained in order to encourage more measurable area like CT(culture technology). Thus, we need new strong policy in this new government launched in 2013. The apparent keyword should be 'management'. New activity of policy need to focus on encourage Korean content industry in the real site of field, not in bureaucratic office in remote site. This change reflecting real filed management system would be productive innovation for policy making and activity in Korea.

• Journal of the Korean association of regional geographers
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• v.22 no.3
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• pp.483-498
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• 2016

This study investigated the conceptualization and application of new concept of regional resilience with case study in Korea in order to promote more sustainable regional development strategies, while problematizing dominant regional competitiveness concept in the current regional development circle under the condition of stagnant growth and ever-existing crisis in these days. Through literature review, this paper found out that regional resilience is a useful concept both to understand dramatic regional changes and to promote new regional development strategies. Furthermore, the study formulated basic research topics and issues for regional resilience through reviewing existing research outcomes on the measurement and factors of regional resilience. Through case study of two macro city-regions in Korea, this study also found out that regional resilience patterns and processes are differentiated according to the place and its scale and that both regional industrial structure formed in a path-dependent way and regional competitive characteristics are all significant to understand the regional resilience patterns and processes.

• Journal of Korea Technology Innovation Society
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• v.21 no.4
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• pp.1207-1236
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• 2018

This paper explores the life cycle of innovation cluster, especially focussing on the Korean representative innovation cluster, Daedeok Innopolis. For this purpose, we review theoretically how an innovation cluster has been growing up. In particular, we discuss how a cluster has been formed and activated by governmental innovation policies from an evolutionary perspective. By doing so, the study identifies the typical features of an innovation cluster according to each dimensions of the cluster life cycle. The results of this study are as follows: First, in this study, Daedeok Innopolis has characteristics of latency, emergence, growth, and maturity from evolutionary perspective. Second, the governmental structure of the Daedeok Innopolis is a strong government-led and top-down structure, which has features of inclusiveness and flexibility such as umbrella policy. Third, the Daedeok Innopolis can be seen that adaptive or renewal development, as while, it can be applied fine adjustment the innovation cluster policy towards the recognition of innovation obstacle at each dimensions of the life cycle. Therefore, these discussions expose what kind of policy interventions should be addressed to form and develop the innovation cluster according to the cluster life cycle, as while, the development of adaptive policies during the risk and take-off period. Ultimately, the study provides that a different kind of policy instruments and tools should be implemented according to innovation cluster development and its distinctive characteristic per each dimensions of the cluster life cycle.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.8 no.2
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• pp.83-91
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• 2013

Korean government recently plan to transform Korean economic system into so called "creative economy" in which entrepreneurial activities play major role. Therefore, a large number of new public support program for entrepreneurs have been announced. On the other hand, there has been growing needs for fairness of economy: large companies are regarded to have abused their negotiating power so far. These two very apparent social trend may require active role of large companies to develop sustainable entrepreneurial ecosystem in Korea. In this study, the author tries to review current situation and to find what would drive active participation of large companies as seen in other countries.

• Journal of Soil and Groundwater Environment
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• v.25 no.3
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• pp.32-42
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• 2020

오염부지 관리 기조가 매체 중심에서 수용체 중심으로 변화하면서 우리나라에 위해성평가 제도가 도입되었으나, 이를 오염현장에 충분히 활용하기 위한 체계와 관련 기술들은 아직 제대로 확립되어 있지 않다. 특히, 여러 가지 이유로 정화곤란부지로 분류가 되는 오염부지의 정화 및 관리와 그러한 부지에 적용될 수 있는 위해저감기술들에 대한 기술적, 사회적 논의와 합의도 부족한 실정이다. 본 연구에서는 그동안 오염토양의 정화에만 초점이 맞추어진 우리나라의 토양환경정책이 오염부지의 관점에서 그와 연결된 수용체를 보호하는 방향으로 나아가기 위해 필요한 위해성기반 오염 부지관리 의사결정체계를 제안하고, 그러한 관리체계가 현장에서 적절히 적용되도록 하기 위해 필요한 위해저감기술들을 조사, 분류하여 위해저감 방식에 따른 위해저감기술의 활용성 및 적용성을 평가하는 방안을 제안하였다.