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Spillover Effects among Chinese, Korean, and the U.S. Stock Markets -Comparison of the two financial crises- (아시아 외환위기와 글로벌 금융위기에서의 중국, 한국, 미국주식시장 사이의 spillover효과에 관한 연구)

  • Kim, Kyu-Hyong;Chang, Kyung-Chun;Shi, An-Qi
    • Management & Information Systems Review
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    • v.29 no.2
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    • pp.97-118
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    • 2010
  • This paper explores the mean and volatility spillover effects among Chinese, Korean, and the U.S. stock markets during the Asian and global financial crises. We found that, during the Asian Financial crisis, there was no mean spillover effect to the Chinese stock markets. However, there were reciprocal mean spillover effects between the U.S. and the Korean market. This implies that Korean market was open, while Chinese market was secluded from the international financial market at that time. The negative volatility spillover effect between the U.S. and China reinforces this finding. During the global financial crisis, there was reciprocal mean spillover effect between the U.S. and China, and between the U.S. and Korea. This may reflect the fact that Chinese market has opened to the international financial market. However, the volatility spillover effect does not exist between China and the U.S., while the U.S. and Korea has reciprocal volatility spillover effect to each other. These findings may imply that China is still in the process of opening her stock market to international investors.

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Geography: A Portal to Green Growth (녹색성장과 지리학)

  • Yu, Keun-Bae
    • Journal of the Korean Geographical Society
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    • v.45 no.1
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    • pp.11-25
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    • 2010
  • Green Growth was declared as a national development agenda in 2008. There are many contributing concepts and factors in the process of molding the agenda, such as climate change, sustainable development, globalization, the so-called 747 campaign pledges by President Lee in 2007, and the hunger for economic growth in Asia and the Pacific. Green Growth is rather growth-oriented and pays less attention to environmental conservation and social justice. Green Development would fit better as the name of the agenda, dealing with the weaknesses of Green Growth. Climate change itself is a testing ground for geographic knowledges, whose demand is growing rapidly. The contemporary issue increasingly bears complexity that Earth System Science and Sustainability Science have emerged as a research and applications program. Geography is widely recognized as a portal to these programs, where inter- and trans-disciplinary studies are required. Regional potentials should be evaluated from a holistic view so that proper development goals are chosen. Different development trajectory should be taken, depending on the amount of potential a region bears. Material loop should be closed for environmentally sound regions. Green way of life is essential for low carbon society. In the circumstances of climate change in Korean Peninsula and needing of energy efficiency, geographic insight or imagination is urgent for Green Development.

The Determinants of Working Poor' Poverty-Exit Possibility : Path Dependency of Working Poor Labor Market (근로빈곤층의 빈곤탈출 결정요인 연구 : 근로빈곤노동시장의 경로제약성을 중심으로)

  • Ji, Eun-Jeong
    • Korean Journal of Social Welfare
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    • v.59 no.3
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    • pp.147-174
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    • 2007
  • This study examines how path dependency of working poor labor market segmented from the primary and the secondary labor market affects employment and quality of employment of working poor. It Further examines how path dependency makes working poor to remain in the labor market and makes it difficult for them to escape from a vicious poverty cycle. Data is based on the $3{\sim}7th$ Korea Labor and Income Panel Study(KLIPS). Markov's transition probability and discrete-time hazard analysis are used for analysis. This study finds that Korea labor market is divided into three parts; the primary labor market, the secondary labor market and the working poor labor market. The proportion of employed poor has been reduced, but the proportion of non economically-active working poor has been increased and has become the main group among the working poor. This shows that labor demand of working poor is fundamentally lacking and there are structural barriers that block working poor's employment itself. The regression analysis shows that the longer working poor labor market participation is, the lower poverty-exit rate. This is an evidence of vicious poverty cycle that the poor have little chance to exit from working poor labor market, once they step into it. Therefore, the longer their participation in poor labor market, the more likely they would move only within the closed working poor labor market. Consequently, it is necessary to fundamentally reform labor market structure and to alleviate negative perception and discrimination about the poor labor while activating labor demand.

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French 'Minima Sociaux's Scheme, Benefit Determination Rule and its Appreciation : A Study on Social Assistance in Europe (프랑스 사회적 미니멈(Minima sociaux)의 구조 및 급여 체계 : 유럽 공공 부조 제도의 한 연구)

  • Shim, Chang-Hack
    • Korean Journal of Social Welfare
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    • v.59 no.3
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    • pp.75-97
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    • 2007
  • The purpose of this article is to explore French 'minima sociaux', focusing its scheme, benefit determination rule and its level appreciation. First, on the its structure domain, French 'minima sociaux' presents the plural system in which there is eight categorical benefits and one general benefit. Il is the representation of the intention to guarantee minimum income for the dead zone people out of the social insurance application and also a historical product in different period, by different logic of benefits implementation. Second, comparing nine benefits based on the benefit determination rule, level of benefits for the poor without work ability is higher than one for the poor with work ability. Il represents one polarized perception toward for the poor according to have or not its work ability. Third, comparing level of 'minima sociaux' with relative poverty line, the level of the most 'minima sociaux' is placed under the poverty line. Nevertheless, it must not forget that 'minima sociaux' plays its role as the fundamental alternative for poverty alleviation, but not the only alternative. Fourth and finally, comparing with minimum income guarantee(SMIC in french), level of RMI benefit is estimated merely on the 50% of SMIC. We can consider that it is the result of the interaction of the complex factors, as the limited role of the state toward the minimum income guarantee for the RMI beneficiary and the intervention the logic of status instead of the logic of need, etc..

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Transformation of Local Community and Local Marketplace (지방 정기시장의 변화과정과 지역사회 - 장성 황룡장을 중심으로 -)

  • 홍성흡
    • Journal of the Economic Geographical Society of Korea
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    • v.7 no.2
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    • pp.297-313
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    • 2004
  • This study, based on an ethnographic field-research in Hwangryong marketplace at Jangsung, explores the transformational process of local community and local marketplace from the end of the 19th century. I attempt to use methodology of oral statement and memory. In socio-economic, political and cultural sence, Hwangryong market which made the 18th century was central place of Jangsung. It was famous of cattle marketplace from the end of Lee Dynasty. The heyday of Hwangryong market is vitalized in the ruling of Japan. Japanese government collect tax and agricultural products through this marketplace. After independence of 1945, the economic function of it was weakened, but the other side political function was strengthened. The socio-economic and cultural status of this market was revitalized after the end of Korean war notwithstanding trial of moving of marketplace. But peasant migration and mechanization of agriculture from the end of 1950' had been brought about a critical moment to Hwangryong marketplace as cattle market. The opening of Honam express road at 1973 was decisively weakened socio-economic, cultural function and role of this marketplace. Consequently, Hwangryong marketplace was transformed small local market. The identity of cattle marketplace was rarely remained in recent. This inclination will not be stopped if not linking to local festival or invention of local specialities.

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The History of Conflicts between Social Movements and Social Welfare -A Case Study of Self-Sufficiency Promotion Centers in South Korea- (사회운동조직의 사회복지제도화와 미시저항 -지역자활센터의 사례를 중심으로-)

  • Kim, Suyoung
    • Korean Journal of Social Welfare
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    • v.65 no.2
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    • pp.255-285
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    • 2013
  • The aim of this study is to demonstrate how Self-Sufficiency Promotion Centers (SSP Centers) run by social movement groups have struggled to defend their voluntary identities in conflict with SSP Centers operated by professional social welfare centers. Since political democratization, social movement groups have been increasing invited to run frontline public welfare agencies in South Korea, and Self-Sufficiency Program is one of the representative policies in which social movement groups have actively partaked. But many critical scholars have warned that such institutionalization of social movements into social welfare system is likely to dampen their voluntary nature and force them to render their hegemonic power to professional social welfare institutions. In contrast to the critical viewpoint, however, this study unveils how social movement-based SSP Centers have strived to tackle the professionalization pressure by deploying various survival strategies at the micro level. Through a historical discourse analysis on the frontline conflicts between social movement-based and social welfare-based SSP Centers, this study contends that social movement groups in Self-Sufficiency Program can still maintain their traditional spirit despite the obvious professionalization phenomenon.

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Civil Law Study on the Arbitrary Uninsured Medical Benefits (임의비급여 진료행위에 관한 민사법적 검토)

  • Bae, Byungil
    • The Korean Society of Law and Medicine
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    • v.18 no.2
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    • pp.75-103
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    • 2017
  • There are three types of benefits in the National Health Insurance Act of Korea. Those are the treatment benefit, statutory uninsured medical benefits and arbitrary uninsured medical benefits. Recently the Korea Supreme Court changed its past legal theory and permitted the arbitrary uninsured medical benefits under the strictly exceptional conditions. According to the Supreme Court's decision, the existence of procedural difficulty, the medical necessity and the patient's consent are necessarily required in order to allow the legal exceptions in arbitrary uninsured medical benefits. Among the three requirements, the doctor's explanation and the patient's fully informed consent are the most important essentials in this legal conflict. The requirement concerning the doctor's explanation and the patient's consent roles like a hole in the ice as a breathing hole in the arbitrary uninsured medical benefits. The most cases dismissed after Supreme Court Decision 2010DU27639, 27646 Decided June 18, 2012. were due to the defect of three requirements.

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Application of An Ecological Engineering Approach in Evaluating Protected Area at Local Scales (생태계 보호지역 평가에서 생태공학 도입과 활용)

  • Koo, Kyung Ah
    • Journal of Environmental Impact Assessment
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    • v.29 no.2
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    • pp.144-155
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    • 2020
  • This research developed an approach to identify ecologically important areas at local scales and explained how the results of this approach could contribute to extend the protected areas in the Republic of Korea (ROK). While most developed countries have considered various biotic and abiotic factors, ecological processes, migration routes, habitat connectivity, ecosystem services, and etc. to determine the protected areas, ROK has considered a few factors focusing on biodiversity, landscape, and the habitats of endangered organisms. However, for sustainable management of our nature, we need comprehensive understanding of various ecosystem factors and interactions among them at local scales in designating protected areas. Forthis, we developed a conceptual model based on the ecological engineering approach and then explained how the results of this approach could contribute to extend the protected areas. In particular, we considered future land-use and climate change in determining the priority areas for novel protected areas. Our research suggested an effective methodology 1) to include various ecosystem factors and 2) to consider future environmental changes as well as current environmental conditions in finding the ecologically important areas and prioritizing these areas. However, our approach has limitations on the real-world applications due to the lack of fundamental information and data on our ecosystems. To improve the effectiveness of our approach in the real-world applications, we need various long-term ecological research results, environmental and ecological monitoring data, and both current and future spatial environmental data.

A Study of Legal Status of Artificial Insemination Child (인공수정자의 법적 지위에 관한 연구)

  • Kim, JI Yeon
    • The Korean Society of Law and Medicine
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    • v.16 no.1
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    • pp.83-124
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    • 2015
  • Currently, infertility and artificial insemination have increased. However, there is no detailed legislation about this. In this study, I'll consider the legal status of artificial insemination child. Through the examination of the overseas legislation, we may get the reference of the future legislation. If we consider the increasing of infertility, artificial insemination should be allowed. And due to the well-being of artificial insemination child, such as the United States and France, the artificial insemination child should be regarded the legal child of the infertile couples. When the contradiction between the subject's basic rights has occurred, we need to consider the welfare of the child preferentially. Because the artificial insemination child has no selection of opportunity in birth, unlike adults who select the artificial insemination in their own free will. The development of biotechnology should be for the treatment of human. But creation and improvement of human must be prohibited. In addition, the social investigation of recognition about A.R.T. and general public administrative legal regulation should be made. There is a need for balanced discipline through a multi-disciplinary research. This study may be providing a legal interpretation criteria of other biotechnology researches.

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A survey of Specialists Cognition on Authorization of Credits for the Same Subjects in Entering a Same Department of the College Among Technical High School Graduates (공업고등학교 졸업생의 대학 동일계 학과 진학시 동일 과목 학점 인정에 관한 전문가 인식 조사)

  • Lee, Sang Hyuk;Kim, Ho Dong
    • 대한공업교육학회지
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    • v.33 no.2
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    • pp.26-43
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    • 2008
  • The purpose of this study is to survey of specialists cognition to authorize credits for the same subjects in entering a department of the same area in college among technical high school graduates. Today with generalized college education, about 80% of technical high school graduates enter college. Therefore, authorization of credits for the same subjects is necessary to reduce educational waste in terms of articulation among technical high schools, junior colleges and universities. In this study, a survey was conducted with 100 specialists in technical education, including technical high school teachers, researchers, and professors at junior college or technical college in university, getting answers from 84 subjects (81.25%). The results of this research can be summarized as follows: First, it is valid to authorize credits for all practical subjects completed in technical high school when technical high school graduates enter the same department at college but most of junior college professor unsuitable response. Second, it is valid to authorize credits through its own prescribed test for the same subjects when technical high school graduates enter the same department of engineering at junior college or technical college in university but opposed 62.5% of junior college professor. Third, it is most of respondent valid to authorize credits for the same subjects if results of its own examination for authorization by university are at a fixed level or higher when technical high school graduates are admitted as a junior at the same department in technical college of university after graduation from the same department at junior college.