• Title/Summary/Keyword: Korean economic crisis in 1997

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The Change in Undergraduate Students' Food Consumption Behavior due to Korean Economic Crisis in 1997 (IMF 경제위기 전후의 대학생의 음식소비 실태의 변화)

  • 서정희;홍순명;김현주;양정아;염수경
    • Korean Journal of Community Nutrition
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    • v.4 no.4
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    • pp.568-574
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    • 1999
  • This paper was carried out to investigate the change of food consumption behavior of 733 undergraduate students due to the Korean Economic Crisis in 1997. After the economic crisis, undergraduate students in Ulsan statistically and significantly reduced the intake frequency of almost all foods except rice, kimchi, the Korean tea and the frequency of fast food restaurants used compared with before the economic crisis. The results show that the Korean economic crisis significantly effected the food consumption and restaurant use behavior of the undergraduates in Ulsan.

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Recent Economic Crises and Foreign Trade in Major ASEAN Countries (최근 경제위기들과 ASEAN 주요국의 무역)

  • Won, Yongkul
    • The Southeast Asian review
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    • v.20 no.3
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    • pp.41-64
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    • 2010
  • The recent global financial crisis triggered by the sub-prime mortgage debacle in the United States hit hard most ASEAN countries that have just recovered from the unprecedented economic crisis ten years ago. This paper, using individual time-series and panel data from 1990 to 2009, intends to investigate and compare the impacts of the two aforementioned economic crises on trade in the four developing ASEAN countries that encompass Indonesia, Malaysia, the Philippines and Thailand. In doing so, the paper traces the behaviors of main macroeconomic variables before and after the crises on graphs, and then estimates classical export and import demand functions that include real exchange rate, home and foreign GDPs as explanatory variables. In the estimation functions, two dummy variables are added to consider the effects of the two economic crises separately. Individual country data analyses reveal that by and large the 1997 economic crisis seems hit those ASEAN countries' exports and imports harder than the recent global financial crisis. Surprisingly the recent financial crisis turns out more or less statistically insignificant for those countries' export and import performances. The fixed effect model estimation using panel data of those four ASEAN countries also shows that the 1997 economic crisis had affected exports and imports of those countries negatively while the recent global financial crisis was not statistically significant. These results indicate that overall the effect from the 1997 crisis was more devastating than that of the recent global crisis for those ASEAN countries.

Using Change-Point Detection Tests to detect the Korea Economic Crisis of 1997

  • Oh, Kyong-Joo
    • 한국데이터정보과학회:학술대회논문집
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    • 2004.10a
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    • pp.25-32
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    • 2004
  • In this study, we use various change-point detection methods to detects Korea economic crisis of 1997, and then compares their performance. In change-point detection method, there are three major categories: (1) the parametric approach, (2) the nonparametric approach, and (3) the model-based approach. Through the application to Korea foreign exchange rate during her economic crisis, we compare the employed change-point detection methods and, furthermore, determine which of them performs better.

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Comparing Change-Point Detection Methods to Detect the Korea Economic Crisis of 1997

  • Oh, Kyong-Joo
    • Journal of the Korean Data and Information Science Society
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    • v.15 no.3
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    • pp.585-592
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    • 2004
  • This study detects Korea economic crisis of 1997 using various change-point detection methods and then compares their performance. In change-point detection method, there are three major categories: (1) the parametric approach, (2) the nonparametric approach, and (3) the model-based approach. Through the application to Korea foreign exchange rate during her economic crisis, we compare the employed change-point detection methods and, furthermore, determine which of them performs better.

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The Effect of Economic Crisis on Korean Households` Clothing Expenditure (경제위기에 따른 피복비 지출 변화 분석)

  • Lee, Mi-Young
    • Journal of the Korean Society of Clothing and Textiles
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    • v.29 no.2
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    • pp.199-209
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    • 2005
  • The purpose of this research is to examine the effect of the 1997 economic crisis on Korean households' clothing expenditures at different incom levels. The raw data sets from the Family Income and Expenditure Survey of 1994, 1996, 198, and 2000 produced by the National Statistical Office were used. Based on their income data, subjects were divided into three groups: upper-income (upper 30%), low-income(lower 30%), and middle-income (the 40% in between). The main results are as follows : 1) the income, consumption expenditures (ConE) and clothing expenditures (CloE) of Korean households increased in 1996, decreased in 1998 and recovered in 2000. Although the proportion of ConE to income increased after the economic crisis, CloE/ConE decreased. Clothing expenditures displayed an asymmetric pattern over the economic crisis : the clothing expenditures decreased severely and quickly during the groups. 2) Compared to other household expenditures, clothing expenditure patterns were unique and of clothing categories, the propottion of expenditures for outwear decreased considerably compared to other categories after the economic crisis.

Consumer Perception of the Korean Economic Crisis in 1998: Impacts on Purchase Behaviors of Foreign Products (소비자의 경제위기의식과 애국심이 외제품 구매행동에 미치는 영향: 1998년 우리 나라 경제위기 상황을 중심으로)

  • 양지연;사공수연;박경애
    • Journal of the Korean Society of Clothing and Textiles
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    • v.25 no.2
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    • pp.228-236
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    • 2001
  • Economic crisis in Korea since December 1997 had tremendously affected consumer behavior. This study examined consumer perception of the economic crisis and investigated its impacts on consumer ethnocentrism and purchase behaviors of foreign products. Two product categories of clothing and cosmetics were selected fro empirical testing. Data were obtained from a questionnaire survey to female consumers in Korea during September 1998, and 468 responses were analyzed. The consumer perception of the economic crisis(PCEP) scale was developed for the study. Correlation and regression analyses revealed: 1) the positive relationship between PCEP and consumer ethnocentrism(ETHN); 2) the positive effects of attitude toward foreign products(ATTI) on actual purchase of foreign products since the economic crisis(PB) and on purchase intention of foreign products(PI) for both clothing and cosmetics; 3) the negative effect of ETHN on PI for both product categories; and 4) the negative effects of PCEP on PB and PI for clothing.

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Economic Crisis and Intergenerational Economy: Lessons from Korea's 1997~98 Economic Crisis (경제위기와 세대 간 경제: 1997~98년 경제위기의 교훈)

  • An, Chong-Bum;Lee, Sang-Hyop;Hwang, Namhui
    • KDI Journal of Economic Policy
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    • v.32 no.1
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    • pp.27-49
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    • 2010
  • This paper provides insight into some important features of the intergenerational resource allocation in Korea, before and after the financial crisis in 1997-98. Data sets of three periods before and after the financial crisis (1996, 2000, and 2005) were used to compare the results. This research particularly addresses two related issues: i) the generational effects of economic crisis, and ii) the capacity of age reallocation systems to spread economic risks across generations. The results show tremendous consumption smoothing and resource reallocation by age, during and after the financial crisis. Private education and private health consumption decreased for children between 1996 and 2000. However, the decrease in private education and private health consumption was mitigated by the increase in public consumption. It appears that the public sector did not only mitigate the adverse impact of the economic crisis on consumption, but it also reduced the widening disparity amongst generations. Within transfers, the public transfers for the elderly increased substantially as the private transfers decreased rapidly. Finally, there was a big increase in the asset-based reallocation of the elderly. The increase in asset-based reallocation was mainly due to an increase in asset income between 1996 and 2000, but it was almost entirely due to a decrease in saving (i.e. an increase in dissaving) between 2000 and 2005. This suggests that Korean elderly seemed to have some degree of supporting system during the crisis, even without sufficient pension benefits. The increased reliance on asset accumulation will be critical in the long-run in Korea, as public pension funds diminish due to population aging.

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A Study on the Occupational Health Personnel, Department and Job Change Before and After Economic Crisis (경제환경 변화에 따른 산업보건인력, 조직 및 직무변화)

  • Jung, Hye-sun;Kim, So Yeon;Lee, Bok-im
    • Korean Journal of Occupational Health Nursing
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    • v.8 no.2
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    • pp.176-192
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    • 1999
  • The purpose of this study is to analysis change of industrial health and safety before and after economic crisis(1997~1998). The data were obtained through mail interview with health supervisor(occupational health nurses) during February, 1999. The final sample was consisted of 127 respondents, 97 are selected in this study. The major findings were as follows: First, the percent of industries whose empl safe supervisors, physicians and industry hygi decreased in number is 79.4%, 3.8%, 50.0 21.5% in each. Second, man receiving over 1.5 million won as an average wage of health supervisor is 27.5% in 1997, but it decreased to 25.3% in 1998. Man receiving under 100~150 million won is 48.4% in 1997, but this percent decreased to 36.3% in 1998 and 13.6% of health supervisor regularly were transformed to contingent worker in 1998. Third, especially, budgets for health and saf work place decreased to 13.8% in 1998 than 19. Fourth, industrial accident case, unre accident case, occupational disease decreased than 1997, but mortality from industrial a increased in 250%. Fifth, according to the health diagnosis report, number of case with evidence of disease increased in liver disease, tuberculosis and so on, and number of case with evidence of occupational disease increased in noise induced hearing loss, pneumoconiosis. organic solvent poisoning and so on. Sixth, this survey shows that health council, health education in duty of health supervisor was conducted passive in 1998 thin 1997, and percent of hold two or more positions is 47.6% in medical insurance, 10.7% in accountant's business 8.3 in secretory. 7.1% in telephone operator awl 22.6% in etc. Seventh, distress of health supervisor after economic crisis is 30.9% in employment instability, 19.8% in hold two or more positions and decrease of budgets. For subjugation of the trouble, the respond of active policy of government occupied most.

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Undergraduate Students' Coping Behavior in Meal Management with Korean Economic Crisis in 1997 (대학생의 IMF 경제위기를 대응하기 위한 식생활대처행동)

  • Seo, Jeong-Hee;Hong, Soon-Myung
    • Journal of the Korean Society of Food Culture
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    • v.14 no.4
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    • pp.353-360
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    • 1999
  • This paper was developed to determine the university students' coping behavior pattern in meal management with Korean economic crisis in 1997. The data was collected from 544 university students in Ulsan areas. The coping behavior consisted of 26 items which were categorized into 4 factors; (factors were named as related to): 'decrease of intakes factor' ,: 'change to the cheaper choices factor' ,: 'increase of meals at home factor' and 'emphases on quantity sacrificing the quality factor'. Socio-economic variables affected differently the coping behavior in meal management and 4 sub factors. The amount of discretionary expenditure, the status of housing, the monthly household income and gender affected the coping behavior in meal management. The amount of discretionary expenditure and the monthly household income affected the decrease of intakes factor and the change to the cheaper choices factor. The amount of discretionary expenditure and gender affected the increase of meals at home factor and the emphases on quantity sacrificing the quality factor.

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Two Economic Crises, Unemployment, Working Poor, and Gender: Explaining the Dynamics of the Risk Patterns of Suicide in South Korea (두 번의 경제위기와 실업, 노동빈곤, 그리고 젠더: 한국 자살 위험양식의 역동적 변화에 대한 시론)

  • Moon, Dasuel;Chung, Haejoo
    • 한국사회정책
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    • v.25 no.4
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    • pp.233-263
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    • 2018
  • This study sought to identify gender-specific mechanisms of increased suicide rates during economic crises in South Korea. In order to address research aims, we focused on two international economic crises: IMF financial crisis in 1997, and international recession in 2008. This study provides three main findings. First, different mechanisms increased suicide rates during the two economic crises. Particularly, the high level of unemployment raised suicide rates during the 1997 IMF while the high level of working poor in the 2008 recession. Second, suicidal risk patterns for men and women differed at each period. The 1997 crisis which mostly affected full-time permanent workers had had relatively greater impacts on men suicide, whereas the 2008 crisis which affected precarious workers had done on women suicide. Finally, our finding indicated that these gender-specific risk patterns had been derived from the gendered labour market and male-friendly social policy. Placing women at the periphery of the labor market and using them as a buffer in times of crisis, governments failed to protect them from their economic difficulties. Suicide is fundamental and important public health and social problems. These findings suggest that the national suicide prevention strategy should pay attention to the social determinants of suicide through gendered as well as population health perspectives.