• Korea Trade Review
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• v.46 no.2
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• pp.107-119
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• 2021

Using a trade policy, government can shift profits from foreign firms to domestic firms. This paper will reexamine how asymmetric information can affect the equivalence of tariff and quota in a duopoly, where one domestic firm competes with one foreign firm. It can happen that the domestic firm has informational advantage against the government. Within this framework, the domestic firm has private information about own marginal cost as well as the foreign firm's. The domestic firm would exploit the advantage to draw a favorable policy from the government. When the government is misled, social welfare would decline. This paper will guide how the government can extract information from the domestic firm by offering a menu of tariff or quota. Previous studies showed that quota demands information more than tariff. With the principle of revealed information, the domestic firm chooses tariff (quota) if the marginal cost of foreign firm is low (high). The quota level will be high (low) if the marginal cost of domestic firm is high (low). To prevent misrepresentation, the domestic firm should be charged when quota is implemented. When the quota level is low, the domestic firm is charged additionally. This paper can contribute to the literature of trade policy and information.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.29 no.4
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• pp.897-906
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• 2019

As the Information and Communication Technology developed, the administration computerization of the government was promoted, and cyber attacks targeting IT products are spreading all over the world due to the reverse functions. Accordingly, governments in each country have begun to verify the security in the introduction of IT products by national and public institutions in order to protect information, and established the policy required in the introduction process. This research analyzes the introduction policy of domestic IT products to identify the supplement point. In addition, we analyze trends of introduction of IT products in the major developed countries such as USA, UK, Japan, Canada, and Australia. Finally, we propose the improvement method of domestic introduction policy through comparison analysis with domestic introduction policy.

• East Asian Economic Review
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• v.28 no.2
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• pp.221-244
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• 2024

This study examines how the independence of monetary policy changes in situations where the interest rate differential between domestic and foreign rates inverts, utilizing the trilemma indices. For analysis, this paper uses the trilemma indices developed by Kim et al. (2017) to analyze the relationship between the monetary policy independence index and the other two trilemma indices, namely the capital account openness index and the exchange rate stability index, across 45 countries from 2002 to 2018. The analysis reveals that the trilemma's validity is contingent. In particular, no statistically significant negative correlation was found between the monetary policy independence index and exchange rate stability index during periods of interest rate differential inversion. A positive correlation emerges between exchange rate stability and the independence of monetary policy, particularly when the inverted interest rate differential exceeds a certain threshold. This situation, where the exchange rate remains stable despite low domestic interest rates, implies that the central bank is effectively managing monetary policy to appropriately respond to economic conditions, which is reflected in the monetary policy independence index.

• Journal of Technology Innovation
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• v.2 no.1
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• pp.170-190
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• 1994

The importantce of a development of competitiveness in domestic construction industry is growing as some of domestic construction markets is scheduled to open to foreign competing firms with higher level of construction technology and management. A national level of competitiveness in domestic construction industry and firms are partially, but significantly, affected by a technology level and a characteristics of production pattern. The purpose of the study is mainly to analyze and identify a technology level, production pattern and a development stage of R&D activities of domestic construction industry and firms. Based on these findings the study draws on a concluding remarks and derives technology policy implications. Results of analysis in the study impliy that (1) competitiveness of domestic construction firms(industry) in terms of technology level is relatively weak as compare to that of advanced foreign competing firms, (2) degrees of substitution of capital for labor are seemed to be relatively high, (3) R&D (investment) activities of domestic construction firms are generally spread out in forms of import, adjustment and betterment, and (4) only a small number of big domestic construction firms are seemed to afford to R&D investment for research facilities and equipments, but not enough for higher level of R&D man-power. The study suggests that technology policy for construction industry should be based on a fundamental policy directions. For example the increase in size and heightened quality level of R&D man-power should be placed in a top priority in policy agenda. Sound and specific policy items should be developed for planning and design, and maintenace and inspection technology in order to lead domestic industry to compete with foreign firms with full strength.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2011.11a
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• pp.127-128
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• 2011

In order to combat climate change, green building is expected to demand in the domestic market. To activate the market for domestic and international trends are examined. And Green Building Find out about the necessity and economic benefits. The following, search for the domestic and international cases. In this study, activation of the plan for the domestic market is to study.

• Journal of Hydrogen and New Energy
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• v.34 no.2
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• pp.122-131
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• 2023

Currently, major foreign countries such as Europe, the United States, Japan, and China have established policy and technology goals by 2050 to achieve the hydrogen economy. In line with this, Korea is also preparing to leap forward as a leading country in the world's best hydrogen economy by establishing a technology development target by 2050. In this paper, by examining and analyzing domestic and foreign policy and technology trends to date, implications for domestic hydrogen policy and technology trends are discussed, and major issues and future contents are summarized.

• Journal of Korean Library and Information Science Society
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• v.47 no.4
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• pp.265-288
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• 2016

The study aimed to suggest a model sample for guidance system for copyright of domestic journals and open access policy. Toward this end, analyses were conducted to examine copyright of domestic journals and open access environment. As a result of analyses, it turned out that 33.8% of domestic journals had 'regulations on ownership of rights to papers published in journals,' and that the subject to ownership of rights to papers published in domestic journals accounted for 28.8%, which was the highest rate. Of domestic journals, 34% charged a subscription fee, and they were toll access journals, and 56% were free access journals. As for system examples of guide system for copyright of foreign journals and open access policy, analyses were conducted to examine and investigate SHERPA/RoMEO in the U.K. and SCPJ in Japan and generate considerations at a time of domestic application. What needs to be taken into account is that overseas examples are focused on collecting and introducing self-archiving policy by authors for academic journals, so there are limitations in offering information including open access publication policy for domestic journals. Based on the analytical result, the study designated the purpose, direction and four steps that need to be considered at a time of development of guide system models for copyright and open access policy for domestic journals before suggestion of the basic direction and operational methods by stage.

• Journal of Fisheries and Marine Sciences Education
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• v.23 no.3
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• pp.433-444
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• 2011

The purpose of this study is to examine the task of the policy on the collecting cargoes of the Japanese container ports. Although the ports of Asia countries such as China, South Korea have increased the amount of cargoes dramatically since the latter half of 1990s, the amount of cargoes Japanese container ports deal with have increased within narrow limits. As a result of this trend, the position of Japanese ports as hub-ports has been falling down. The times of main liners linked with North America and Europe stopping at Japanese ports have continued to decrease. So Japan container ports need the policy to increase the amount of cargoes in order to avoid becoming feeder ports. This policy is to collect domestic cargoes which are transshipped in Asia ports such as Busan port from Japanese regional ports to core ports. By collecting domestic cargoes to Japanese core ports intensively, the times of international main liners stopping at Japanese core ports will increase. It's important to support the domestic liners linking between Japanese regional ports and core ports in order to collecting domestic cargoes to Japanese core ports effectively. In addition the role of Japanese government to achieve the coordination between Japanese regional ports and core ports is indispensable.

• Economic Analysis
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• v.27 no.1
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• pp.1-36
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• 2021

Given the US dollar's status as a global safe haven, global factors, such as US monetary policy, may have considerable impacts on financial markets in other countries. Regarding such hypothesis, this paper looked at the impacts of US monetary policy on domestic bond and FX swap markets through an event study. According to our analysis, US monetary policy had significant positive impacts on domestic interest rates. In particular, it turned out to have bigger impacts on long-term products with high term premiums. By period, the correlation between US monetary policy and domestic interest rates was not significant before the financial crisis, but was clearly positive after the crisis. The US conventional monetary policy was seen to have big impacts on short-term and medium-term KTB yields, while its unconventional monetary policy had major impacts on long-term KTB yields. Moreover, FX swap rates reacted very sensitively to US monetary policy shocks before the financial crisis, while they did not show any significant reactions after the crisis. This suggests that, in line with the covered interest rate parity, the impact of US monetary policy shocks was transmitted to domestic financial markets mainly through swap rate adjustments before the global financial crisis, but through the changes in domestic interest rates during the post-crisis period.

• KDI Journal of Economic Policy
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• v.42 no.2
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• pp.57-84
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• 2020

This study analyzes global inflation synchronization and derives policy implications for the Korean economy. Unlike previous studies that assume a single global inflation factor, this study investigates if inflation in Korea can be explained further by other global inflation factors. Our principal component analysis provides three principal components for global inflation that are linked to the Korea inflation rate - the first component is closely related to OECD inflation, and the second and third components reflect China's inflation. This study empirically demonstrates via in-sample fitting and out-of-sample forecasting that the three principal components of global inflation play a significant role in explaining and predicting Korean inflation in the short-term, while their role is limited in the mid-term. Domestic macroeconomic variables are found to be more important for the mid-term movements of the Korean inflation rate. The empirical results here suggest that the Bank of Korea should focus more on domestic economic conditions than on global inflation when implementing monetary policy because global factors are likely to be already reflected in domestic macro-variables in the mid-term.