• Korean Journal of Legislative Studies
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• v.24 no.2
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• pp.5-38
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• 2018

A seismic change is under way in diplomatic topography surrounding the Korean Peninsula. A new dynamic is being generated that could lead to a breakthrough in the nuclear stalemate and to an end of hostility between the two Koreas. Moon Administration's bold and creative foreign policy, which is alleged to place South Korea in the "driver's seat", is probably responsible for what is happening on the Korean Peninsula. However, on the other hand, Moon Administration's foreign policy shows a lot of continuity with foreign policy of previous conservative governments. In particular, the Moon government's emphasis on the vitality of the ROK-US alliance and its commitment to close coordination with the US in dealing with nuclear issues of North Korea is the hallmark of the continuity in South Korea's foreign policy. Emphasizing and sharing the notion of the continuities in foreign policy could contribute to social integration by garnering bi-partisan support. It could also spawn sense of stability, predictability, and confidence to diplomatic counterparts in other countries. And it could help avoid the negative effects of expectation-reality gap in the event that the outcome of all the diplomatic endeavor falls short of expectation held by citizens.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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• v.7 no.6
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• pp.621-634
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• 2017

This study is a study on the requirements, resources, and role of policy broker in the policy process. Particular attention was paid to two requirements of legitimacy (official authority, political support) and professionalism (information and expertise, skilled leadership) as the requirements of policy broker. This study analyzed the process of transforming the actor conflicts surrounding the media rep legislative process into a cooperative relationship by being mediated by a strong influential policy broker. Policy brokers can mediate opinions among participating actors and play a role in coordinating conflicting interests. In the mediarep policy process, the policy brokers were unable to resolve conflicts due to lack of legitimacy and expertise in the first phase (legislative grace period) and the second phase (legislative loophole). However, the legitimacy of the six subcommittees of the National Assembly (the legislative period) and the expertise of the Korea Communications Commission were able to succeed in policy-making by acting as a successful policy brokers through complementary activities.

• KDI Journal of Economic Policy
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• v.34 no.4
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• pp.69-90
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• 2012

This paper explores the effect of the countercyclical capital buffer using a DSGE (Dynamic Stochastic General Equilibrium) model with a banking sector. The main results are following. First, if the CAR (capital asset ratio) rises by 1%p as the countercyclical capital buffer, output and credit would increase less than otherwise by 0.8%p and 1.2%p, respectively. Second, the countercyclical capital buffer would decrease both credit and debt of banks, or deposit, and, as a result, boost the CAR. However, if we are going to use monetary policy to control credit expansion by allowing the interest rate to respond to credit, bank capital would also diminish, which would cause the CAR to be lower.

• Journal of Venture Innovation
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• v.2 no.2
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• pp.117-126
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• 2019

This study conducted correlation analysis and multiple regression analysis using financial statements, loan structure, ROA and ROA volatility of domestic commercial banks, regional banks and special banks for the past five years (2012 ~ 2016). The result is as follows. First, as a result of correlation analysis, bank's ROA is positively related to household loans and SME loans, but it is negatively correlated with the ratio of loans to large companies, sector bias, and loan loss provision ratio. Second, ROA volatility was negatively related to household loans and SME loans, but it was positively correlated with large corporate loans, sector bias ratio, and loan loss provision ratio. Third, as a result of the regression analysis, the variables that have a statistically significant effect on the ROA volatility of banks were household loans, SME loans, and large enterprise loans. From these empirical results, special banks with high volatility in profits need to diversify loan types and sectors in order to achieve business performance outside of policy finance. and Especially, Suhyup Bank and Nonghyup Bank, which have a large commercial role, have a large size per unit by focusing on short-term profit and Rather than focusing on large companies or large loans that are easy to obtain financial information, it is necessary to focus management capabilities on household loans and SME loans by developing capabilities such as screening techniques.

• Journal of Korea Port Economic Association
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• v.35 no.2
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• pp.61-76
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• 2019

The purpose of this study is to use the EGARCH model and Granger causality test to analyze how the change in the BDI affects the Korean stock price volatility. The main analysis results are summarized as follows. First, according to the results of the mean equation, the change in the BDI is significant in large-cap stocks, as well as in the manufacturing, service, and chemistry indexes, but not in others. This implies that the Korean stock market does not respond appropriately to the maritime market situation; further, the increase in demand for raw materials has not led to a real economic recovery. Second, in the result of the variance equation, the coefficient on the change in the BDI is negative(-), and the change in the BDI is significant for all size indexes. Particularly, the change in the BDI has a greater impact on the volatility of small-cap stocks than that of large-cap stocks. The results of the analysis of the sector indexes were statistically significant for the service, financial, construction, and electric and electronics industries, but not for the manufacturing and chemical industries. In particular, the changes in the BDI have the greatest impact on the construction industry. Third, according to the Granger causality test results, the change in the BDI leads the financial industry and construction industry. There is, however, no relationship between the BDI and the other indexes. This shows that change in the shipping freight index can be used to predict the volatility in the Korean stock market. This can help investors and policymakers make better decisions.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.2B
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• pp.191-198
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• 2010

Assessing seasonality of precipitation is necessarily required to establish future plans and policies for water resources management. In this regard, a main objective of the study is to introduce an effective approach for assessing the seasonality of the precipitation and evaluate the seasonality through the proposed one. We have used circular statistics to characterize the seasonality on the precipitation in Korea. The circular statistics allow us to effectively assess changes in timing of the seasonality in detail. It was found that peak time on monthly rainfall occurred between end of June and early July in southern coastal area while the timing was delayed in northern part of Korea because of monsoon moving in from south to north. In case of annual daily peak precipitation, spatio-temporal variation of the peak time was increased. It is mainly because of geophysical effects, frequency and paths of typhoons. Finally, temporal variations on the timing of the peak seasons were evaluated through circular statistics by 30-year moving average data. The peak season in the Northen part of Korea (e.g. Seoul and Gangrung) has been moved back from early July to end of July while the peak season has been moved up from middle of July to early July in the Southern part of Korea (e.g. Busan and Mokpo). It seems that changes in seasonality are mostly modulated by variability in the east-asia monsoon system.

• Economic and Environmental Geology
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• v.57 no.2
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• pp.107-117
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• 2024

The objective of this study is to estimate riverbed fluctuations and the volume of aggregate extraction attributable to climate change. Rainfall-runoff modeling, utilizing the SWAT model based on climate change scenarios, as well as long-term riverbed fluctuation modeling, employing the HEC-RAS model, were conducted for the Nonsan River basin. The analysis of rainfall-runoff and sediment transport under the SSP5-8.5 scenario for the early part of the future indicates that differences in annual precipitation may exceed 600 mm, resulting in a corresponding variation in the basin's sediment discharge by more than 30,000 tons per year. Additionally, long-term riverbed fluctuation modeling of the lower reaches of the Nonsan Stream has identified a potential aggregate extraction area. It is estimated that aggregate extraction could be feasible within a 2.455 km stretch upstream, approximately 4.6 to 6.9 km from the confluence with the Geum River. These findings suggest that the risk of climate crises, such as extreme rainfall or droughts, could increase due to abnormal weather conditions, and the increase in variability could affect long-term aggregate extraction. Therefore, it is considered important to take into account the impact of climate change in future long-term aggregate extraction planning and policy formulation.

• Environmental and Resource Economics Review
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• v.12 no.4
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• pp.663-686
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• 2003

This study is aimed at analyzing the effectiveness of TAC policy using a bioeconomic model. A surplus-production model is used as a population dynamic model, from which the yellowedge grouper is estimated to be overfished. As a result, a 10-year rebuilding plan using the TAC policy is established. According to the result of model, under the well-enforced system, the target stock biomass is achieved during the rebuilding period. Especially, in order to accomplish the target stock biomass, the annual quota should be allocated much less than 342 tons that NMFS recommended. The NPV over a 25-year under the TAC policy Is predicted to be less than under the status quo. The economic gains under the variable-catch TAC policy is less than under the constant-catch TAC policy as the interest rate decreases, while the NPV under the constant-catch is greater than under the variable-catch TAC policy when the interest rate is high.

• KDI Journal of Economic Policy
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• v.19 no.3
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• pp.195-246
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• 1997

우리나라에서 전기요금은 공공요금으로서 정부의 정책의지에 의하여 크게 영향을 받아왔다. 또한 전기요금수준 조정시 규제당국의 주된 관심은 요금인상이 국민경제에 미치는 영향, 특히 물가 및 무역수지에 미치는 영향에 있었다고 할 수 있다. 이러한 상황에서 전기요금변동의 국민경제적 영향에 대한 신뢰할 수 있는 분석결과는 올바른 정책수립에 필수적이라고 할 수 있다. 본고는 계산가능한 일반균형모형(Computable General Equilibrium model)을 이용하여 1993년도의 산업연관표를 토대로 전기요금의 인상이 물가, 수출입 등 거시변수에 미치는 효과 및 산업부문별 효과를 살펴본 것이다. 전기요금인상이 물가에 미치는 영향은 간단히 '전기요금인상률${\times}$물가가중치'라는 공식으로 계산해볼 수 있다. 이에 따르면 전기의 소비자물가 가중치가 14/1,000이므로 전기요금인상률이 4%일 때 소비자물가상승률은 약 0.056%가 된다. 그러나 전기가 타산업의 중간투입물로 사용되므로 전기요금인상은 타산업 산출물의 가격상승을 유발하고 다시 투입-산출관계에 의하여 추가적인 물가상승을 불러일으키게 된다. 이러한 일반균형적 효과를 모두 고려하여, 본 연구에서 계산한 소비자물가상승률은 0.083%로서 위 수치의 약 1.5배이다. 또한 본고에서는 전기요금인상에 따라 수출과 수입 모두 감소하되, 수출감소율이 수입감소율보다 크게 나타났다. 이러한 결과는 전기요금인상에 따라 전기수요가 감소하여 에너지수입이 감소하고, 그로 인해 무역수지가 개선되리라는 일부의 주장과는 매우 대조적이다. 산업별로는 전기요금인상에 따라 서비스업의 가격상승이 두드러지는 것으로 나타났는데, 이는 서비스업부문의 국내재와 수입재간의 대체가능성이 타부문에 비하여 크게 낮은 데 기인한 것으로 보인다. 본고의 결과를 전기요금이 인상되어서는 안 된다고 해석하는 것은 오류일 수 있다. 전기요금인상의 타당성은 전력산업에 대한 종합적인 미시적 분석에 기초하여야 한다.

• The Korean Journal of Applied Statistics
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• v.24 no.6
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• pp.1129-1138
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• 2011

Small area estimation has received significant intention in recent years due to a growing demand for reliable local area statistics. Traditional area-specific direct estimates based solely on sample survey data in the areas of interest do not provide adequate small area precision; however, design-based indirect local area estimators borrow strength from sample observations of related areas to increase the effective sample size. Design-based indirect estimation methods such as synthetic and composite estimators are considered to adjust local area unemployment rate estimates in the Korean Economically Active Population Survey. This study suggests an efficient alternative to minimize the cost to construct the unemployment rate of a local area through simulation under the condition that we can maintain a certain level of CV for the estimates. We obtained the results that the composite estimators using a sample size greater than 10 are more stable and significant at the level of CV 25% in our design scheme.