• Journal of Korea Trade
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• v.24 no.4
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• pp.1-17
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• 2020

Purpose - Since China has been South Korea's biggest export destination, uncertainty shocks originating from it would influence South Korea's exports. This paper evaluates the effects of China's economic policy uncertainty on Korea's exports to explore the transmission channels. Design/methodology - Incorporating endogeneities and nonlinearities, this study employs a quarterly time-varying parameters vector autoregressive model to investigate the relationships between China's economic policy uncertainty and Korea's exports, where the overparameterization due to time-varying specifications is overcome by a novel stochastic model specification search framework. According to previous theoretical studies, this paper assesses two channels, demand shock channel and exchange rate channel, through which foreign uncertainty affects Korea's exports. This paper identifies the primary drivers of Korea's aggregate exports and analyzes the rationales for the time-variant impacts of China's economic policy uncertainty on Korea's exports to China. Findings - Our empirical results reveal that Korea's aggregate exports are less responsive to China's economic policy uncertainty shocks and significantly move together with global demand. In contrast, its bilateral exports to China are highly responsive in a negative and time-variant way. Moreover, Chinese investment is an important channel through which China's economic policy uncertainty affects Korea's exports to China after 2010. Further, the time-variant effects of China's economic policy uncertainty on Korea's exports to China are related to changes in China's foreign trade policies, global economic conditions, and China's degree of economic freedom. Originality/value - Few previous studies touch the effects of external uncertainty shocks on South Korea's exports. This paper attempts to fill this gap and explicitly investigate the impacts of China's economic policy uncertainty on Korea's exports from a time-varying perspective. As Korea is an export-oriented economy, this study provides insights for the Korean government to understand the transmissions of external uncertainty better.

• The Journal of Industrial Distribution & Business
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• v.9 no.6
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• pp.15-24
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• 2018

Purpose - The adjustment of one country's monetary policy can cause the macroeconomic change of other countries. Due to this, this paper attempts to analyze the impact of China's monetary policy on South Korea's exchange rate. Research design, data, and methodology - Based on the flexible-price monetary model, sets of annual time series from 1980 to 2017 are employed to perform an empirical estimation. The vector error correction model is also used to exploit the short-run relationship between both of them. Of course, the South Korea's real GDP, the China's real GDP, South Korea's interest rate, the South Korea's interest rate and the South Korea's monetary supply are treated as independent variables in this paper. Result - The long-run findings reveal that the China's money supply has a negative effect on South Korea's exchange rate. Respectively, the short-run findings depicts that the China's money supply has negative a effect on South Korea's exchange rate. Of course, other variables selected in this paper also have an effect on South Korea's exchange rate whatever positive or negative. Conclusions - As the empirical evidence shows, the China's monetary policy has a negative effect on South Korea's exchange rate whenever in the long run or in the short run.

• KDI Journal of Economic Policy
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• v.38 no.2
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• pp.45-62
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• 2016

This paper analyzes changes in the export potential and competitiveness of China, Japan, and Korea. The analysis of Japan's export market share reveals that in sectors where Korea's potential was strong in the early 1990s, Japan's market share diminished. This suggests the possibility that Korea was catching up with Japan, eating into Japan's market share. The same analysis of Korea's export market share in the 2000s shows, for items in which China's export potential was high, Korea's market share has declined comparatively since 2010, with the tendency growing much larger. China's export potential continues to expand in markets for Korea's key export products, making it difficult to rule out the possibility that Korea's competitiveness in key export products will be hindered, driven by the catching up of China. To respond to these challenges, it is important for Korea continuously to foster and enhance creative and core capabilities that latecomers will not easily be able to emulate.

• Journal of National Security and Military Science
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• s.3
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• pp.169-196
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• 2005

The point of Bush administraion’s foreign policy is to support the promotion and stability of Democracy in Iraq and counter terrorism and spread of WMD with his strong propulsive force caused by his reelection. In such an environment, there are his leadership, his team, himself, Kim Jung Il, and a new understanding of North Korea after September 11 as the effective factors of Bush administration’s policy toward Pyongyang. Bush administration’s foreign policy of North Korea also shows the process of North Korea’s nuclear weapon program and the future scenario of the Korean Peninsula with "the persistence of solving North Korea’s nuclear weapon program such as the method having done in Lybia", "the holding unconditional talks with Pyongyang, and "the continual concerns with human rights in North Korea." The purpose of Bush administration’s foreign policy of North Korea is to make North Korea do not support terrorism rather than remove the nuclear weapon in North Korea. The process of outlining South Korea’s policy toward North Korea must be considered for "national interest" with reasonable analyses not just hopes For this, South Korea must access systematically human rights of North Korea, prepare projects for a daring approach on North Korea, and strengthen South Korea’s defense ability toward North Korea with deep alliance with U.S and systematize the mutual understanding channel between U.S and South Korea. In conclusion, South Korea must try to get specific methods and practices about Bush administration’s foreign policy of North Korea with national wisdom

• The Research Journal of the Costume Culture
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• v.3 no.1
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• pp.125-155
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• 1995

This research has been studied the influence of Song Dynasty mode upon clothes and ornaments of Korea Dynasty by Seo Gung's (徐競) 『SunWhaBongSa KoryoDoKyung』(宣和奉使高麗圖經) and in Korea Dynasty period, by Buddhist picture. The clothing of the Song Dynasty was quite reserved and conservative, fewer variations and quiter colours thus conveying a feeling of simplicity and naturalness. Their clothings were no more luxurious than the clothing of Dang Dynasty. We had read that when Seo Gung visited Korea for month, and then it is in Emperor Injong's reign(A.D. 1123). Korea women's clothes and ornaments were followed by Song dynasty's clothing pattern as much as the took notice of Korea women's clothing. Korea DoKyung showed Song women's clothing that whal clothing that whal clothing (華衣), Yuansam(圖經) were Korea women's a ceremonial dress and so, Koryo women's clothing were very influenced by Song's mode. The conclusion of the research are as follows found out that Korea women's a ceremonial dresses were similar to Song's.

• Korean System Dynamics Review
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• v.6 no.1
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• pp.71-98
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• 2005

If Korea Research & Development reinforces integrated control function, indeed would Korea Research & Development's output be increased? Truly, could Korea's competition be ultimately improved with technology innovation and accumulation of knowledge. Can reinforcement of Integrated control that reinforced efficiency of Research & Development's investment effects make Korea Research & Development's investment,itself, be decreased? I try to answer clearly that in a way to reorganize Korea technology Administration's system, introduced Korea Research & Development integrated control system's establishment is what to effect Korea innovation system's direction after answering clearly previous mentioned problems. In this study, to answer these problems view theoretical discussion about Korea innovation system, integrated control system and system dynamics. Set up analytic tools of system dynamics which includes Korea innovation system and integrated control system. Then, draw a general casual loop diagram, which includes established Korea Research & Development's integrated control system, of Korea innovation system's activity. In based these, develop situation model to analyze trend of Korea innovation system and derive a political meaning by analyzing value of Korea innovation system's major inflow, outflow and stock variations according to extent of Korea Research & Development's integrated control in the same model.

• Proceedings of the Korean Radioactive Waste Society Conference
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• 2009.11a
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• pp.365-366
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• 2009

• The Korean Journal of Air & Space Law and Policy
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• v.1
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• pp.125-146
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• 1989

This paper is examine the problems of U.S.-Korea Air Service Agreement and recommend some directions for its improvement under the rapidly changing circumstance and growing importance of Korean penisula. Since the provisional agreement of 1949, U.S. -Korea Air Service Agreement has consistently been favorable to U.S. side. Fair and equal opportunity is the principle and basis of the bilateral air agreement. Notwithstanding such principle, it is only the U.S. carriers who can freely enter into any market, under the discretion of business strategy, while Korean carrier can serve only three points including Honolulu. In an effort to recitify such serious imbalance, Korea continuousely requested additional rights and has given utmost efforts to accommodate requests made by U.S. carries without much success. When we review aviation market between Korea and U.S. under the present agreement, Korea is fully open to U.S. carries as they can connect from any or all points in the U.S. via any or all points in Korea and all points beyond Korea. Increased number of U.S. carriers are enjoying greater utilization of the opportunity accorded them. Four(4) U.S. carries now operate to Korea using thirteen(13) gateway points and about one hundred fifty(150) on-line points in the U.S. such imbalance can be well understood when we review the exchange of traffic rights between the U.S. and the Pacific rim countries. During the yeras following the 1978 agreement with Korea, the U.S. proceeded to sign liberal agreements with Thailand, Taiwan, Singapore and the Phillipines. In exchange, the U.S. granted the four Pacific rim countries substantially greater rights than were granted to Korea, although Korea was the first Asian nation to sign a pro-competitive aviation agreement which granted U.S. carriers unrestricted market access and pricing flexibility. Moreover, Korea ranks the 2nd trading and tourist partner to the U.S. among the Pacific rim countries (Japan is the largest partner to the U.S. in terms of both trade and tourist market). In this paper such problems in the Korea-U.S. Air Services Agreement are analyzed in terms of historical perspective, U.S. Aviation policy, imbalance status in detail cases, discrimination to Korea comparing to other Asian countries, and theoretical application. And further it discusses current aviation issues between Korea and U.S. such as the ratification of 1980 MOU and various doing business issues of U.S. carriers in Korea. Finally, this paper concludes the analysis and suggests some directions to improve and rectify the problems and imbalance of U.S.-Korea Air Services Agreement in question.

• Animal cells and systems
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• v.3 no.4
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• pp.347-354
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• 1999

Ten Korean eumenine wasp species of the genus Stenodynerus, including one new species and six newly recorded species (Stenodynerus chinensis simillimus, S. coreanus, S. clypeopictus, S. funebris, S. frauenfeldi, S. Kalinowskii, S. pappi, S. pullus, S. tergitus sp. nov., S. tokyanus) from Korea were taxonomically reviewed. The male of S. pappi was collected for the first time. Additional characters to distinguish several congeners were also discussed.

• Dementia and Neurocognitive Disorders
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• v.22 no.2
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• pp.81-83
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• 2023