• Journal of Korea Port Economic Association
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• v.20 no.2
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• pp.19-33
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• 2004

Recognizing that the main container ports' status is gradually inclining, the Japanese government is driving forward the super hub port project. This project has three goals, unifying Japanese ports separating nationally, diminishing the port costs by 30 percents less than the current port costs of their competitors, and cutting down the lead time of processing import-export freight into 24 hours, Singaporean level. The project will work to some extent, if succeeding, but the effect is doubtful if it will be the fundamental solution of Japanese ports' crisis. I wrote this paper since I thought that this Japanese policy would serve as a good reference of Korea, which had two container ports system and its prospect was not good through the fact that the Busan ports' rank of dealing with containers fell down to the fifth in 2003.

• The Journal of Fisheries Business Administration
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• v.32 no.2
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• pp.1-22
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• 2001

In recent years Korea fisheries have been much more influenced than ever before by domestic and foreign environmental changes such as market liberalization, sustainability, efficiency and effectiveness of domestic fisheries, fisher's welfare etc. Under the wide range of environmental changes, government is carrying out various fisheries policies. However, it seems insufficient to accomplish policy goals under the existing policy instruments. The main focus of the paper is to investigate structural changes and policy directions of fisheries finance in Korea after asian economic crisis. The results of the study are as follows; Fisheries sector in whole economy has been lowering in its proportion. To survive in emerging global competition, fisheries sector is needed structural reformation. In particular the strategy that increases operative efficiency and effectiveness on government financial policy in fisheries sector is much expected. Also, it is necessary to minimize costs, to reform institution and management for increasing efficiency and effectiveness.

• East Asian Economic Review
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• v.20 no.3
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• pp.339-363
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• 2016

This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The question is why the financial crisis in 2008 brought about the abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This paper shows that the dynamic relationship between trade and trade finance is one important factor in explaining this question. This paper also applies the Granger (causality) test to uncover different relationships in the developed and developing economies and show different results for different countries in Asia. We employ a Markov-Switching FAVAR (Factor Augmented VAR) to show that global liquidity shocks are important factors in explaining the huge and abrupt trade drops in Asia.

• Communications for Statistical Applications and Methods
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• v.27 no.5
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• pp.579-588
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• 2020

Obligor defaults are cross-sectionally correlated as obligors share common economic conditions; in addition obligors are longitudinally correlated so that an economic shock like the IMF crisis in 1998 lasts for a period of time. A longitudinal correlation should be used to construct statistical scenarios of stress test with which we replace a type of artificial scenario that the banks have used. We propose a Bayesian model to accommodate such correlation structures. Using 402 obligors to a domestic bank in Korea, our model with a dynamic correlation is compared to a Bayesian model with a stationary longitudinal correlation and the classical logistic regression model. Our model generates statistical financial statement under a stress situation on individual obligor basis so that the genearted financial statement produces a similar distribution of credit grades to when the IMF crisis occurred and complies with Basel IV (Basel Committee on Banking Supervision, 2017) requirement that the credit grades under a stress situation are not sensitive to the business cycle.

• Korean Institute of Interior Design Journal
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• no.37
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• pp.103-109
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• 2003

The purpose of this study is to present the advanced plans to get the activation of the domestic furniture manufacture, considering the conditions of the furniture market and business environments before and after IMF Economic Crisis. These are necessary to get over some problems which result in reduction of demand, consumption, and investment under the recession. The furniture manufacture should take the occasion as a pertinent opportunity to strengthen the competitive edge and step up the exploration of the international markets. It is reasonable to conclude that the advanced plans should be designed, implemented, and expanded through the inducement of the government, manufacturers, and foreign investors.

• Journal of Korea Port Economic Association
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• v.23 no.4
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• pp.49-69
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• 2007

The purpose of this study is to analyze contribution factors of economic growth through growth accounting analysis in Korean port-logistics industry. Comparing with the average level of entire industry for 1990-2003, the contributions of total factor productivity and labor in port-logistics industry were high, but that of capital stock was very low. The pattern of growth in Korean port-logistics industry has greatly changed before and after Korean financial crisis. Before the 1997 financial crisis, the economic growth rate of port-logistics industry was 14.1%, which is higher than that of the whole industries, 7.7% for 1990-1998. Main contribution factors of the economic growth rate were the growth of capital stock and productivity, but ratios of their contributions were relatively low and did not come up to that for the whole industry. After the financial crisis, annualized growth rate of GDP in port-logistics industry had rapidly declined at 5.4% for 1998-2003, which did not get to that of the entire industry (10.1%). The main contribution factors of the economic growth rate over the 1998-2003 period were capital stock 13.1%, labor 57.0 %, and total factor productivity 29.9 %, Such growth pattern as excess dependence on growth of labor brought reduction of the rate of economic growth with degradation of productivity growth in the Korean port-logistics industry.

• 대한예방의학회:학술대회논문집
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• 2004.10a
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• pp.65.1-65.1
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• 2004

• Journal of the Korean association of regional geographers
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• v.8 no.4
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• pp.415-429
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• 2002

The end of cold war and the trend of the detente brought about many changes in the military security policy and in the munitions industry of the West-Europe : reduction of the defence budget, diminution of the military power force and armaments, decrease of the exportation and the domestic demand of ordnance, and augmentation of discharged laborers. This mutation caused the munitions industry and the war industrials regions to a crisis. The munition industrials enterprises which was confronted a crisis searched for diverse strategies like an reconversion to the civil products, an internal diversification and an external growth. And the European Union, the national government, and local or regional self-government implemented policies for diversification of regional economic with an reconversion in order to minimize the effect of the regional economic and society from the crisis of the munition industry.

• Journal of the Economic Geographical Society of Korea
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• v.22 no.3
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• pp.237-245
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• 2019

The aim of this article is to introduce articles of the special issue on 'Revitalization Conditions on Crisis on Industrial Regions: Experience from Europe and the Republic of Korea, and to explore policy alternatives to crisis on industrial regions on the basis of policy diagnoses and prescriptions. In the existing research, diagnoses of such Korean regions are quantitatively focused upon industry, employment, plant, consumption, investment, real estate, and labour market, and are qualitatively based upon external environment and functional, structural and spatial characteristics. Prescriptions of such regions emphasize the establishment of a law and an institutional fix, financial supports, jobs' creation, industrial diversification, the intensification of urban foundation throughout the urban revitalizaion. In the policy development for these regions, it is required to link the industrial sector to social, educational, political and welfare sectors, and furthermore the collaboration of inter- and intra-ministry and the active participation of provincial and local governments are needed.

• Journal of Christian Education in Korea
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• v.68
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• pp.217-243
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• 2021

As can be seen from the statement by the UN Secretary-General that "COVID-19 is a crisis with a woman's face," women have experienced great crisis, pain, and difficulties caused by the COVID-19 pandemic. This study examined the situations of women through statistical data and research studies. Through this study, economic, socio-cultural, and psycho-emotional aspects were dealt with in detail, and how these issues appeared in relation to "caring" were examined. In addition, as a response of the church to these problems and crises, pastoral theological reflection was promoted through "Ethics of Care" and "caring ministry". The "caring ministry" of the church extends not only to personal care within the church, but also to social, cultural, economic, political, and ecological issues, and the church has a missionary mission to respond to these issues related to disasters with a public nature. Furthermore, through educational ministry, the change of values and mindsets on "care" and inequality and Diakonia, the loving care of the church community, should be encouraged.