• East Asian Economic Review
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• v.19 no.4
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• pp.357-379
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• 2015

We investigate interconnectedness and the contagion effect of default risk in Asian sovereign CDS markets since the global financial crisis. Using dynamic conditional correlation analysis, we find that there are significant co-movements in Asian sovereign CDS markets; that such co-movements tend to be larger between developing countries than between developed and developing countries; and that in the co-movements intra-regional nature is stronger than inter-regional nature. With the Spillover Index model, we measure contagion probabilities of sovereign default risk in CDS markets of seven Asian countries and find evidence of contagion effects among six of them; Japan is the exception. In addition, we find that these six countries are affected more by cross-market spillovers than by their own-market spillovers. Furthermore, a rolling-sample analysis reveals that contagion in the Asian sovereign CDS markets expands during episodes of extreme economic and financial distress, such as the Lehman Brothers bankruptcy, the European financial crisis, and the US-credit downgrade.

• Journal of the Korea Safety Management & Science
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• v.23 no.2
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• pp.45-52
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• 2021

Recently Korea and China's logistics industry developed rapidly. Because two countries' industry have complementarity, there are broad basis and area for cooperation between China and Korea. This study compares and analyzes the logistics development trends and competitiveness of two countries, and suggests mutual win-win logistics cooperation between the two countries based on macro cooperation of government and micro cooperation of enterprises. This is important for the two countries to participate in the global supply chain system, promote regional cooperation in Northeast Asia, and enhance the efficiency and competitiveness of the logistics industry.

• East Asian Economic Review
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• v.25 no.2
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• pp.175-203
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• 2021

Over the past decades, financial markets have been integrated across countries while income inequality has increased in most countries. This paper studies the effect of financial market integration on income inequality and investigates whether this effect varies with the degree of financial market development. We find empirical evidence that financial market integration and financial market development interact to change income inequality. Specifically, the effect of financial market integration on income inequality is nonlinear, and the degree of financial market development plays an important role. Opening financial markets worsens income inequality in the countries holding the underdeveloped state of financial markets, however, the effect of capital account openness on income inequality is statistically insignificant in the countries with developed financial markets.

• Asian Journal of Innovation and Policy
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• v.7 no.3
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• pp.511-533
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• 2018

As the developed and developing economies make the transition to knowledge-based economies, the high-tech sector has been the primary engine in enabling this transformation. Given this context, the policy making and implementation abilities of the countries' local administration assume significance. This study therefore attempts to examine the policy evolution undertaken by China and India which resulted in the emergence of high-tech startup ecosystems in these countries. Further, using a theoretical framework for an ideal entrepreneurial ecosystem, it tries to understand the similarities and differences prevalent currently in the Indian and Chinese high-tech startup ecosystem. The results of the study indicate that although both the countries took different paths, from a macro-perspective, they follow the same pattern as observed in the US and Israel policy making - that of the change in the role of Government as a regulator to that of an enabler of the entrepreneurial ecosystem. The differences and similarities between the key entrepreneurial ecosystem components provide additional knowledge about the currently prevailing conditions of the ecosystem in these countries.

• Land and Housing Review
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• v.4 no.3
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• pp.225-234
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• 2013

The indices to choose the object countries for developing overseas industrial park were developed and applied in this paper. The results are showing as follows. First, the Korean enterprises are branched out into total 128 countries as of the first quarter of 2010, and the 13 asian countries including China, Vietnam, Japan, and Hongkong shows the majority of precedence 20 countries among the reported during 1980-2010. Second, the 3 steps of selecting the principal region to branch out, establishing assessment indices and criteria, and choosing strategical target counties were developed to choose the countries for developing overseas industrial park. The 38 of 128 countries were selected where the GDP per capita is lower than Korea, and the local reports of incorporation during 2007-2010 are more than 10 times. Then, the 10 countries were excluded where the minimum wages during 2008-2009 are similar to Korean ($815/month). Consequently, the 28 countries including China, Vietnam, and Cambodia etc. were selected as the major target regions. Third, the indices to choose countries for developing overseas industrial park are classified into 5 categories-investment condition, labor market flexibility, potential market demand, population, changing rate of the reported number of manufacturing industry, and detailed indices for each category were selected, then the weight were given with the consideration of importance. Finally, Indonesia, Mongolia, and Uzbekistan were selected as the strategical target counties where acquire the high score in labor market flexibility and investment condition, relatively undeveloped, and friendly to Korea.

• Journal of Appropriate Technology
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• v.7 no.1
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• pp.93-101
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• 2021

Scientists and engineers without borders (SEWB) was established on 2009 as the NGO having specialist groups to support the underprivileged in developing countries living in the isolated area and having water and sanitation problems. After the SDGs were suggested by the UN on 2016, activities are globally conducted by the nation, NGO and etc. to improve health and education of the underprivileged in developing countries. SEWB also have been conducted the projects in Korea and developing countries to reduce the gap of the infrastructure between the developed and developing countries and to help sustainable development in the developing countries by providing appropriate technology. In Korea, SEWB have been held international conference on appropriate technology (ICAT), lectures, and competitions for specialists and students. In developing countries including Cambodia and other 5 countries, SEWB have been provided water packages funded by iCOOP KOREA and volunteer opportunities. Since 2019, 'SEWB sustainable village development project' have been conducted in Bot Veng village, Cambodia to improve infrastructures on water, electricity, transportation, and agriculture by using desalination system, Solar Cow system, strengthened wooden bridge, and poultry farm, respectively. The developed solution for developing countries from SEWB could contribute to eliminate the water shortage and poverty.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.916-918
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• 1996

We have an urgent matter that is lack of energy resource. So we have to accomplish the design of economical energy utility systems and to develop energy facilities with high efficiency. Cogeneration system is one of them. It has high efficiency and can solve unbalanced electricity and heat demand in Summer & Winter concurrently. Recently, to increase the efficiency and stability of the total system, it is applying automatic control and monitoring software to the hardware facilities in industrial control systems. Therefore, these systems has been researched and developed in the advanced countries. It also has been researched and developed in the domestic since '60. But the control and monitoring software in cogeneration system has been hardly developed and has been imported expensive products from the advanced countries. In this study, we have developed the software of operating control, status monitoring, operating data managing and tele-controlling. We have confirmed usefullness of developed software by applying to gas turbine cogeneration system.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.6
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• pp.2351-2357
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• 2013

An index was developed for analyzing the promising countries for seawater desalination plant and related data sets were collected and analyzed. Each indicators was standardized by scale readjustment method and Delphi method was used to calculate the weights for indicators from questionnaire survey by experts in seawater desalination plant field. Twenty three indicators were selected and they were classified into three groups, economic, social, and environmental indicator groups. Eleven countries (Saudi Arabia, UAE, Kuwait, Iran, Qatar, China, Singapore, India, Algeria, Turkey, United States) were selected considering present data availability and index for each country was calculated. The results show United States and China took the first (0.537) and second (0.490) place for the most promising country for seawater desalination plant. However it will not be easy to play a significant role in the markets because of present seawater desalination technology level and national policy, etc. Saudi Arabia took the third (0.329) place and other countries which has more than 0.2 index value can be considered as a promising countries for seawater desalination plant. We can establish a strategy to export our seawater desalination technology and plant using the result of this study. The developed index can be applied to other countries, which were not included in this study, when their data is available.

• 한국경영정보학회:학술대회논문집
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• 2007.06a
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• pp.545-550
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• 2007

The aim of this paper is to find out whether there is a difference in adopting and/or diffusing the information and communication technology (ICT) between countries. If there is, what are the primary factors that keep some countries from adopting and diffusing ICT while others do? To analyze the above problem, we adopted the Unified Theory of Acceptance and Use of Technology (UTAUT) suggested by Venkatesh et al. (2003), which consists of effort expectancy, performance expectancy and social influence. We also use the innovation diffusion functions, which are known to have the S-shape and are made up of the introduction, growth, maturity and decline phases. We do not, however, consider the decline phase, because the ICT that we are considering is not believed to be in that phase. Therefore, we researched how the three factors affect adoption in the three phases. We selected the cellular phone as the ICT, because it is considered to be the most popularly used ICT and its technology has been developing rapidly. We surveyed the cellular phone adopters in Korea, and the U.S. for 15 years from 1989 to 2003. Korea, and the U.S. represent newly developed and developed countries, respectively. For the data analysis, a survival analysis was used, as it could explain the characteristics of the potential adopters or non-adopters. We found that the ICT diffusion patterns, as well as the ICT diffusion factors, of the two countries were different. Therefore, we believe that the results of our research can be used in building strategies on reducing the digital divide gaps between countries.

• Journal of Korea Technology Innovation Society
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• v.20 no.3
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• pp.709-731
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• 2017

Great attention has been paid to absorptive capacity (AC) as a means of technological innovation. However, few developing countries have demonstrated real success in the development of their technologies and economies. Global issues such as climate change, contagious disease, etc. require more active cooperation between developing and developed countries. This paper makes the novel argument that the donor's transplanting capacity (TC) should be developed and coevolved in concert with the recipient country's AC. Review of the literature shows that AC depends on a prior knowledge base and an intensity of effort. In this article, we analysed the case of KIST and suggest that codification of development experience, localization of innovation capacity, and donor committment comprise the core elements of TC. Nonaka (1994) argued that interaction between tacit knowledge and explicit knowledge can synergize to increase the overall store of available knowledge. Development experience, which leans heavily toward tacit knowledge, should be transformed into explicit knowledge for more efficient technology diffusion. The technological environments of recipient countries vary from those of their donors, which is why innovation capacity should conform to local conditions in order to make transplantation smoother. Donor committment is also critical for successfully transmitting valuable experience.