• Journal of Korea Trade
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• 제23권2호
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• pp.34-45
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• 2019

Purpose - This study investigates the lead-lag relations between the prices of major commodities imported into Korea and corresponding shipping freight rates. This paper aims to provide implications for cross-market causal relations between related economic segments. Design/Methodology - For economic long-run equilibrium between commodity prices and freights, a Johansen (1988) cointegration test is employed first. Then, Granger (1987) causality tests are performed under the vector error correction model (VECM) framework. Findings - The results indicate that the direction of causality varies by raw materials, which is attributable to different economic mechanisms in the corresponding shipping transportation sectors. In addition, the significance of causality becomes blurred during the post-2008 period. Practical Implication - Corporate managers in commodity trading, steelmaking, power generation, and oil refinery sectors can take advantage of the findings in this study as identifying leading economic indicators can be helpful for decision making in both short- and long-term strategies. Originality/value - This study is the first attempt to analyze the inter-relations between commodity prices and corresponding freight rates focusing on raw material imports of Korea.

• Asian Journal of Business Environment
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• 제9권3호
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• pp.11-20
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• 2019

Purpose - The study aims to substantiate the approaches and principles of forming a model of social and labor relations adequate to the modern conditions of economic development. Research design, data, and methodology - The article deals with the issues of legal regulation of social and labor relations in the labor market of Kazakhstan; describes the current model of labor relations and its basic parameters; determines the external and internal factors; specifically, the influence of the new labor law on its further development in the direction of democratization and the establishment of social partnership as a regulatory institution in the labor relations field. Result - Result is the model of the system of social and labor relations proposed by the author, which allows us to cover the multifaceted nature of this phenomenon, to unite the influence of the external environment and the internal complex of their mutual relations and interdependencies. Conclusion - The creation of an effective model of social and labor relations should proceed from the multifaceted nature of their manifestation. This means that the theoretical and methodological basis for their formation should be a comprehensive approach to solving the problems of transformation and interaction of social and economic components.

• 가정과삶의질연구
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• 제28권6호
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• pp.95-111
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• 2010

The purposes of this study were to show general trends in the aspects of psychological family environment (parental communication), peer factor, academic performance factor, depression perceived by adolescents and to examine possible changes in such trends in accordance with demographic variables and the family structure environment (parental marital status, family economic status, and parents' education level), and then to determine the effect of these variables on adolescents' depression. The subjects were 1009 middle and high school students in Seoul and Gyeonggi province. The main results were as follows: 1) Paternal communication was significantly lower in technical high school students, divorced/ separated parents, and families of lower economic status. Maternal communication was significantly lower in male students, divorced/sepa-rated parents, and families of lower economic status. Academic performance problems was significantly higher in males, technical high school students, divorced/ separated parents, families of lower economic status, and a less educated father. Peer relations was significantly lower in students of divorced / separated parents, and of families of lower economic status. Depression was significantly higher in technical high school students, divorced / separated parents, and families of lower economic status. 2) In the case of male students, paternal communication had both a direct and an indirect negative effect through peer relations on depression, while academic performance problems had both a direct and an indirect positive effect through peer relations on depression. Both peer relations and maternal communication had a positive and a negative direct effect on depression. School grade had both a direct and an indirect negative effect through paternal communication on depression. Parental marital status(divorced or separated) had both a direct and an indirect positive effect through academic performance problems on depression. Family economic status had only an indirect effect on discussed.

• 수완나부미
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• 제15권1호
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• pp.91-128
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• 2023

In recent decades, Indonesia and the Middle Eastern countries have increased and expanded their political, security, economic, and socio-cultural ties. Qatar is one of the Middle Eastern countries which have fortified ties with Indonesia. This article aims to analyze the nature and scope of Indonesia-Qatar relations through the five-dimensional framework developed by George Eberling, which consists of political-diplomatic, economic-trade, military-security, cultural, and petroleum-energy relations (Eberling 2017). Despite being significantly distinct in history, demography, geographic size, and location, Jakarta and Doha have been provided opportunities to expand their cooperation on multifaceted dimensions by way of common economic, geopolitical, and cultural interests. Throughout the paper, the primary drivers of the cooperation are also discussed, alongside its future prospects.

• 국제지역연구
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• 제12권2호
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• pp.125-145
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• 2008

일본은 동아시아 국가들 중 가장 먼저 인구 전환 과정을 마무리 지었으며, 소자고령화사회(小子高齡化社會)로 진입한 국가이다. 일본 인구문제 연구소에서 발표하는 인구통계자료집(2008)에 의하면, 일본의 인구증가율은 2000년에 0.21, 2005년 0.13, 2006년에 0.0으로, 인구감소 사회에 진입하고 있음을 알 수 있다. 이러한 급격한 인구학적 변화에 따라 경제성장에 어떤 영향을 미칠 것인가에 대한 관심이 증대되고 있다. 본 논문은 동아시아에서 가장 먼저 인구 전환 과정을 거친 일본에서의 인구전환 과정을 장기적 관점에서 살펴보고, 이를 실증분석을 하는 데 목적이 있다. 메이지 유신의 성공으로 가장 먼저 산업화를 달성한 일본의 인구전환은 동아시아 국가들 중에서 가장 빠르게 나타났다. 실증분석에서는 1952년에서 2005년 시계열 데이터를 사용한 분석 결과, 인구학적 요인과 경제성장간에 정(+)의 관계가 도출되었다. 그러므로 현재 일본의 상황을 고려할 때, 인구 감소는 노동력 감소에 의해 경제성장의 저해 요인이 될 수 있을 것이다. 이러한 문제는 일본뿐만 아니라 한국에서도 공통적인 문제이며, 이에 대한 다양한 정책이 요구되는 시점이라 할 수 있다.

• Journal of Korea Trade
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• 제27권5호
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• pp.153-166
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• 2023

Purpose - This research empirically analyzes the influence of economic policy uncertainty and free trade agreements (FTAs) on bilateral trade volumes between Korea and its trading partners. The study investigates whether fluctuations in the Economic Policy Uncertainty Index (EPUI) for both Korea and its trading partners significantly impact trade volumes and whether the implementation of FTAs mitigates these effects. Design/methodology - The study employs dynamic panel data analysis using the system generalized method of moments (system GMM) estimation method to achieve its research objectives. It utilizes country-month-level panel data, including the EPUI, trade volume between Korea and its trading partner countries, and other pertinent variables. The use of system GMM allows for the control of potential endogeneity issues and the incorporation of country-specific and time-specific effects. Findings - The analysis yields significant results regarding the impact of economic policy uncertainty on Korea's exports and imports, particularly before the implementation of FTAs. An increase in the EPUI of trading partners leads to a notable increase in Korea's exports to them. Conversely, an increase in Korea's EPUI negatively affects its imports from trading partners. However, post-FTA implementation, the influence of each country's EPUI on trade volume is neutralized, with no significant difference observed. Originality/value - This research contributes to the existing literature by providing empirical evidence on the interaction effects between economic policy uncertainty and FTAs on bilateral trade volumes. The study's uniqueness lies in its examination of how FTAs mitigate the impact of economic uncertainty on trade relations between countries. The findings underscore the importance of trade agreements as mechanisms to address economic risks and promote international trade relations. In a world where global market uncertainties persist, these insights can aid policymakers in Korea and other countries in enhancing their trade cooperation strategies and navigating challenges posed by evolving economic landscapes.

• 한국경제지리학회지
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• 제15권2호
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• pp.228-239
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• 2012

꽌시는 개인을 중심으로 형성된 혈연, 학연, 지연 등을 토대로 일종의 공동체를 형성하여 개인의 이윤 보장 및 획득의 수단으로 활용하며, 더 나아가 공동체 구성원 간 상호 호혜적 관계를 기반으로 한 상호 책무적 관계인 일종의 '사회 경제 질서 양식'(mode of socio-economic order)을 형성한다. 실질적으로 꽌시에 대한 이해는 소비자의 소비 성향을 분석하기 위한 행위, 기업 간 거래, 기업과 정부 간 연계를 이해하는 핵심 요소이기 때문에 중국에서 효과적인 기업 활동을 위해서는 꽌시에 대한 이해와 수용의 태도가 절대적으로 필요하다. 이와 같은 맥락에서 본 연구는 중국 특유의 비공식적 사적 관계인 꽌시가 대 중국 한국 투자기업의 사업 행위에 끼치는 영향을 검증하기 위하여 대중국 한국 투자기업이 형성하고 있는 꽌시 기반의 네트워크를 분석하였다.

• Journal of Contemporary Eastern Asia
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• 제20권2호
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• pp.197-209
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• 2021

This article deals with the asymmetrical relations between Australia and China and explores their interdependence, tensions, and societal outlooks. Both countries are dependent on one another for trade to different degrees but attempt to diversify their supply chains. While there is no united position on China in Australia, there has been a bipartisan support for the counter-interference legislation there. The newly established security pact of the United States (US), the United Kingdom (UK) and Australia - 'AUKUS' - has brought a new dimension into these tensions and will most likely lead to an arms race. The author explores how a so-called middle power such as Australia balances the related economic and strategic interests and priorities. Although Australia has been vulnerable in its asymmetric relationship with China, it has shown that it is not a passive and helpless actor when facing an economic coercion. The interdependence has become a moderating factor in this strategic stand-off. Additionally, Australia demonstrates its tendency to reinforce its traditional reliance on its previous more powerful allies, the UK and the US.

• Journal of Contemporary Eastern Asia
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• 제20권1호
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• pp.44-72
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• 2021

This study analyses North and South Koreas' coverage as framed by the main Polish press titles from 1989 to 2019. The main method applied is a computational textual analysis of press articles based on frequency, correlations and co-occurrences. The purpose is to map the topics of the examined articles in the context of relations between Poland and the two Koreas in various areas, predominantly political and economic relations. Emphasis is placed on the impact the carmaker Daewoo's investment in Poland in the mid-1990s had on bilateral Polish-South Korean relations. First, the authors argue that Korean issues in the Polish press, mainly in the second half of the 1990s, particularly concerned economic affairs. Secondly, they argue that after Poland's accession to the European Union in 2004, the country's interest in the two Koreas decreased, and since that time has remained at a more or less constant level. Finally, the authors discuss the outcome of the research in the context of the main developments in Polish-Korean relations, taking into consideration the results of a Polish public opinion survey presenting the international linkages between national public opinion and foreign policy.

• East Asian Economic Review
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• 제26권1호
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• pp.49-91
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• 2022

Recent years have witnessed renewed interest in Africa and public diplomacy has emerged as the vital tool being used to cultivate these relations. China has been leading in pursuing stronger economic partnership with Africa while middle powers such as Korea are also intensifying engagement with the continent. While previous studies have analyzed the implications of China's activities in Africa on advanced powers, none has examined them from the paradigm of middle powers. This study fills this gap by assessing China's activities in Africa, their economic engagement and implications for Korea's interest in Africa. The analysis is qualitative based on secondary data from various sources and literature. The study shows that China's public diplomacy strategy involves a high degree of innovation and has evolved to encompass new tools and audiences. China has institutionalized a cooperative model that permeates many aspects of governance institutions in Africa, enabling it to strengthen their relations. This could also be helping China to adjust faster leadership transitions in Africa. Whereas the US is still the most influential country in Africa, China is influential in economic policies and has outstripped the US in infrastructure diplomacy. This could be because African policy makers align more with China's economic model than the US' mainstream economics. Chinese aid to Africa has been diversified to social sectors that are more responsive to the needs of Africa. Trade and investment relations between China and Africa have deepened, but so does trade imbalance since 2010. China mainly imports natural resources and raw materials from Africa. But this product portfolio is not different from Korea and the US. China's energetic insertion in Africa using various strategies has significant implications for countries with ambitions in Africa. Korea can achieve its ambitions in Africa by focusing resources in areas it can leverage its core strengths-such as education and vocational training, environmental policy and development cooperation.