• Title/Summary/Keyword: IMF외환위기

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A Study on Information Spillover Effects from Nasdaq to Kosdaq and Jasdaq (나스닥시장의 코스닥 및 자스닥시장에 대한 정보이전효과에 관한 연구)

  • Kim, Chan-Wung;Moon, Gyu-Hyun;Hong, Jung-Hyo
    • The Korean Journal of Financial Management
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    • v.20 no.1
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    • pp.163-190
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    • 2003
  • This study tests the hypothesis of market efficiency through the information spillover effects over price and volatility across countries by using open-to-close(daytime) returns and close-to-open(overnight) returns of NASDAQ, KOSDAQ and JASDAQ data from January 3, 1997 to December 21, 2000. Based on Granger-causality and time-varying AR(1)-GARCH(1, 1)-M models we document that the evidence of statistically significant conditional mean and volatility spillovers effects from the daytime returns and volatility of NASDAQ to the overnight returns and volatility of KOSDAQ is observed both before and after the IMF foreign currency crisis but not to the close-to-open return before the IMF foreign currency crisis. We can understand the information spillover effect from NASDAQ to KOSDAQ on the overnight rather than the daytime grows more significantly after the IMF foreign currency crisis. We also find the interactive information spillover effect between NASDAQ and JASDAQ both before and after the IMF financial crisis, in particular, to close-to-open return. In addition, the market efficiency between KOSDAQ and NASDAQ is on an increasing trend through IMF foreign currency crisis.

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4차 산업 육성과 포용적 성장을 위한 보증기관의 새로운 역할

  • Ham, Yun-Ha;Cha, Sang-Won
    • 한국벤처창업학회:학술대회논문집
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    • 2019.11a
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    • pp.161-163
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    • 2019
  • 4차 산업혁명의 도래로 산업 유형은 어느 한 종류로 단정하기 어려운 융복합적 형태로 변화를 거듭하고 있다. 뿐만 아니라, 과거 성장 중심 경제발전 모델이 저성장과 함께 양극화, 고용불안과 같은 다양한 사회문제를 야기함에 따라 새로운 발전 패러다임에 대한 관심과 요구도 그 어느 때보다 높아지고 있다. 이러한 일련의 환경 변화는 과거 제조업 중심의 경제성장을 주도해왔던 한국 공적보증제도에도 혁신을 촉구하고 있다. 신용보증기금은 2018년 현재 총 보증잔액 50.5조원을 보유한, 한국에서 가장 큰 규모의 공적보증기관이으로 지난 1976년 설립 후 40여 년간 산업육성과 시장안정이라는 두 가지 정책적 목표를 달성하기 위해 다양한 산업 분야와 기업에 신용보증을 제공해왔다. 1997년 IMF 외환위기, 2008년 글로벌 금융위기 등 국가적 위기 때마다 시장안전판 역할을 성공적으로 수행하며 한국경제가 신속히 위기에서 벗어나는데 공헌하기도 했다. 그러나 이제 신용보증기금은 과거의 성과와 역할에 얽매이지 않고, 급변하고 있는 경제 기술환경 속에서 또 다른 역할을 모색하고 있다. 구체적으로는 중소기업에 대한 보증지원이라는 기존 역할에서 한발 나아가, 혁신생태계 조성, 데이터뱅크 플랫폼 구축, 사회적가치 확산을 위한 전사적 사업구조 혁신을 단행하고 있다. 본 보고서에는 환경변화에 부응해 새로운 역할을 수행하고자 노력하는 신용보증기금의 활동과 성과를 담았다. 여기에 제시된 신용보증기금의 사례들은 벤처캐피탈이 활성화된 서양 국가들과 달리, 정책금융 역할이 상대적으로 중요한 아시아 지역의 중소기업 금융 활성화에 효과적인 정책적 시사점을 제공할 수 있을 것으로 기대한다.

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A Study on Fashion Style Expressed in Women Magazine Advertisements (여성 잡지 광고에 표현된 패션스타일 연구)

  • Kim Sae Bom;Lee Eun Sook
    • The Research Journal of the Costume Culture
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    • v.13 no.2 s.55
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    • pp.221-239
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    • 2005
  • The purpose of this study was to analyse the fashion style expressed in women magazine advertisements. The method of this study was used content analysis with 692 samples in women magazines ('Woman Sense', 'Yeosung Dong-A', and 'Jubu Saeng-hwal') which were issued in March, June, September, and December from 1998 to 2002. The data analysis were divided nine elements: 1. silhouette, 2. color, 3. pattern, 4. length of skirt & slacks, 5. adjustment, 6. breadth of collar lapel, 7. shoes, 8. make-up, 9. hair style. The results of this study were as follows: 1. silhouette : The four seasons were expressed in square silhouette. 2. Color : The spring, summer, and winter seasons were expressed in white color, while the fall season was expressed in neutral color. 3. Pattern : The four seasons were expressed in plain pattern. 4. Length of skirt & slacks : The four seasons were expressed in various length. 5. Adjustment : The four seasons were expressed in single button. 6. Breadth of collar lapel : The spring, summer, and winter seasons were expressed in small breadth, while the fall season was expressed in middle breadth. 7. Shoes : The four seasons were expressed in high-heeled shoes. 8. Make-up : The four seasons were expressed in light tone. 9. Hair style : The four seasons were expressed in up-style.

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A Study on the Formation of Urban Squatter in Korea and their Housing Culture from Socio-historical Point of View (사회사적 관점에서 본 우리나라 도시빈민의 형성배경과 주거문화 -한국전쟁 이후 집단이주민촌부터 외환위기 이후 신빈곤층 주거까지-)

  • Kim, Myo-Jung
    • Journal of the Korean housing association
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    • v.18 no.4
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    • pp.79-88
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    • 2007
  • The purpose of the this study was to provide the basic information about the formation background of urban squatter and their housing state in Korea. This study was progressed on the basis of socio-historical point of view from after the Korean War to the present time. Therefore, this study considered the meaning of housing for urban squatter in the Korean housing history. For this study, the formation background of urban squatter was divided into five periods. The first one was the period of the policy on the mass migration (1955-1960) after the Korean War. The second period was the period of reproduction of deteriorated residential area (1960-1970) for the continuing mass migration policy. The third was the period of disbanding of deteriorated residential area (1970-1980) for redevelopment. The forth period was before the IMF (1980-1997) broke up the deteriorated residential area. The fifth period was after the IMF (1997-) produced the new poverty due to the unemployment and the business failure. Thus, such social change increased the number of urban squatter and created the new type urban poor.

Causal Analysis between the Korean and the U.S. Monthly Business Conditions (한미 월간 경기동향의 선행성 분석)

  • Kim, Tae-Ho
    • The Korean Journal of Applied Statistics
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    • v.22 no.1
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    • pp.17-28
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    • 2009
  • This study attempts to perform the statistical test for the causality between the Korean and the U.S. business conditions in association with the lead-lag relationship between the domestic stock price and the business condition. Their causal relationships are clearly identified after the outbreak of the IMF financial crisis. The vector autoregression for the corresponding period appears to reflect the strong interrelationships between the market variables and the dependency of the domestic business conditions on the U.S. market. The estimation results validate the leading effect of the stock price and the U.S. business behavior.

A Study ell the Correlation between a Trend in Construction Market and Explosives Production (건설경기 동향과 화약류 생산량의 상관관계에 관한 연구)

  • 이종식;양국정;김용균;강대우
    • Explosives and Blasting
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    • v.21 no.1
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    • pp.29-40
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    • 2003
  • 국내의 화약사에 관한 연구는 확립되지 않은 상태이며 언제부터 화약이 사용되었는지는 불확실하다. 그러나 현대산업사회가 본격화 되면서 화약류 사용은 급격히 증가되기 시작하였다고 볼 수 있다. 화약류는 세계적으로 개발에 대부분 광업 분야에 주로 이용되었으나, 국내 건설산업이 크게 발달하면서부터 광업 분야보다 건설 분야에 많이 이용되어지고 있다 건설 분야 중에서도 토목, 시멘트, 골재생산에 다량의 폭약사용이 증가되어 왔다고 생각되어지나 건설분야의 자료들이나 화약류 생산에 대한 1990년 이전 자료들이 거의 없어 건설, 광업 및 화약류 생산의 상관관계의 추이를 연구하는 것이 거의 불가능하다. 따라서 최근 10년간 자료를 통해 분석한 결과, 폭약량의 사용은 국내 타경제의 경기변화에 영향을 받지 않고 꾸준히 생산량이 증가였고 특히 1997년 IMF 외환위기 이듬해에 국내경기가 급격히 침체 하였음에도 화약류의 생산을 전반적으로 증가함을 보였다.

종합건설업체 탐방(16)-계룡건설(주)

  • Korea Mechanical Construction Contractors Association
    • 월간 기계설비
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    • no.10 s.207
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    • pp.71-79
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    • 2007
  • 창립 37주년을 맞이한 계룡건설(주)은 우수한 재무구조와 정도경영, 합리적인 내실경영, 효율적인 업무시스템을 바탕으로 매년 고속 성장을 지속해온 건설업체다. 계룡건설(주)은 '변화'와'혁신'을 바탕으로 시시각각 변화하는 시대의 흐름을 예견하며 경영방침을 새롭게 정립해 왔다. 그 결과 대한민국 사회가 외환위기로 고통받은 IMF시절에도 인력의 인위적인 감축이나 구조 조정 없이 흔들림 없는 성장을 지속하는 저력을 발휘했다. 또한 주택사업 브랜드인'리슈빌'(불어 RICHE +VILLE의 합성어 : 풍요로움이 시작되는 곳)을 통해 차별화된 주거공간을 소비자에게 제공함으로써 고객감동과 수익창출을 실현하는 안정적인 수익구조를 마련했다. 앞으로도 계룡건설(주)은 튼튼한 재무구조를 바탕으로 고객만족, 기술혁신, 친환경 건설을 실현, 시대변화에 적응하여 한 단계 더 도약하는 기업으로 거듭나고 있다.

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Virtual Crisis Preparation Team : A Way to Improve the Crisis Management Vulnerabilities of Traditional Korean Organizations

  • sangjin Yoo;Sean B. Eom;Lee, Choongkwon
    • Journal of Korea Society of Industrial Information Systems
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    • v.4 no.1
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    • pp.87-96
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    • 1999
  • Korea, one of the members of the Organization for Economic Cooperation and Development (OECD), has been one of the fastest growing countries in the world since World War Ⅱ. However, Korea has recently suffered from an economic crisis which has been mainly attributed to a fluctuating foreign currency rate. The future of Korea relies on how the country prepares and copes with the crises. There have been enormous effort to solve current economic crisis. However, preparation to the anticipated crisis is much more important than solving problems after the crisis. Recently, the virtual crisis preparation team approach appears to be one of the effective alternatives to cope with various crises. The objectives of this study ale to (1) show that crisis preparation is very important factor for the Korean government to one with the current and future crises; (2) to prove that the virtual crisis preparation team is one of the better alternatives to solve crisis; (3) to suggest a virtual crisis preparation team model can be adapted to the Korean situation.

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A Study of Korean Tourists' Characteristics to New Zealand through the Internet (인터넷을 통한 뉴질랜드 방문 한국인의 특성 변화에 관한 연구)

  • Choe, Jae-Woo
    • Journal of the Korean association of regional geographers
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    • v.9 no.2
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    • pp.180-191
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    • 2003
  • This study researched the changing characteristics of Korean visitors to New Zealand after the IMF Crisis(the 1997 Korean financial collapse), through data from New Zealand Tourism Board and an internet-based survey. Since the Korean financial collapse, the Korean visitor to New Zealand has changed from an older to a younger generation. The reason for this change in age is considered clue to visiting as a family group, visiting to study English and the popularity of touring among the young adult generation. Thus the numbers of older generation travelers has decreased steeply, while an increase in younger visitors has occurred and they stay for longer and come during the school vacation period. The preferred or most popular itinerary is influenced by New Zealand's travel infrastructure, the younger travelers seeking adventure tourism, where this is located and package tours fixed itineraries. The main tour activities at attractions is visiting the tourist information centre, museums and internet cafes. These activities were popular with the younger generation and, along with New Zealand's unique scenic resources and famous activities, attracted visitors to the main tourist destinations. The average satisfaction levels of the respondents, according to the survey was 3.52 out of 5.00 criterion, this resulted from analysis of 14items and their satisfaction levels. New Zealand and Korean tourism policy makers, including travel agents and tourism development authorities, need to devise efficient tourism policy to accommodate these changing characteristics of Korean tourists, as highlighted through the results of this study.

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A Study on Weight of SWOT Factors for Korea Food Service Franchise Entrepreneur (국내 외식프랜차이즈의 창업을 위한 SWOT요인의 중요도에 관한 연구)

  • Choi, Chae-Bong;Lee, Sang-Suk
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.5
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    • pp.141-162
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    • 2017
  • The International Monetary Fund (IMF) crisis introduced a system for easy layoffs. With recent economic downturn, employees have been asked to retire early and less new jobs have become available. More small businesses as a result have been started. The purpose of this research is to study weight and ranking on SWOT factors of korea food service franchise industry using the SWOT analysis. The Analytic Hierarchy Process (AHP) and Analytic Network Process (ANP) were used to analyze the SWOT found by the surveys. First, the SWOT analysis shows that the franchise owners and the expert group view the industry positively overall and there are more strengths, opportunities than weaknesses, threats. While there are negatives and threats to the industry overall, many people think that there are more opportunities and positive aspects. Second, the franchise owners rank proven business model and platform (S3) as the strongest strength of food service franchise businesses while the expert group ranks management supports (S2) from headquarters as the strongest strength. Third, the expert group and franchise owner group indicate that the weight on unfair franchise contracts with headquarters(W3) and high penalty from breaking a franchise agreement(W4) are 60% of weaknesses. Fourth, both the expert group and franchise owner group indicate that change in people's lifestyle, value system and consumption pattern(O3) as the most important opportunity. Fifth, both groups indicate that changes in consumption pattern(T1) due to ever changing food service industry as the biggest threat. It is ranked higher than the entry of korea food service franchises.

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