• International Area Studies Review
• /
• v.12 no.3
• /
• pp.217-239
• /
• 2008

The purpose of this paper examines the way the potential for increased procyclicality may arise in Korea according to the introduction of Basel II based on the empirical results of U.K. and Spain. Because of the limited retail banking data, the correlations between risk-weighted assets corresponding to the denominator of the capital ratio and procyclicality, and capital ratio and the procyclicality are analyzed in Korea. As a result, there is a high possibility that the procyclicality may occur in Korea. However, there are limitations in judging the existence of the procyclicality for the capital in Korea only based on those correlations. In the future, in case more of retail banking data are accumulated, the procyclicality in Korea should be examined based on the systematic model like the cases in England and Spain. Lastly, the policy implications are derived based on the calculation process of the regulatory capital(Pillar I), the process of the Financial Authorities(Pillar II), and the market discipline(Pillar III).

• Journal of the Economic Geographical Society of Korea
• /
• v.15 no.4
• /
• pp.585-600
• /
• 2012

The purpose of this study related to the liquidity impact of the housing market variables using vector auto-regressive model(VAR) and empirical analysis is to derive some policy implications. October 2003 until May 2012 using monthly data for liquidity variables mortgage rates, mortgage, financial liquidity, as the composite index and nation, Seoul, Gangnam, Gangbuk, the Apartment sales prices were analyzed. Granger Causality Test Results, mortgage rates and mortgage at a bargain price two regions had a strong causal relationship. Since the impulse response analysis, Geothermal difference there, but housing price housing price itself, the most significant ongoing positive (+) reactions were liquidity-related variables are mortgage loans is large and persistent positive (+), financial liquidity weakly positive (+), mortgage interest rates are negative (-), KOSPI, the negative (-) reacted. Liquidity and housing prices that the rise can be and Gangnam in Gangbuk is greater than the factor that housing investment was confirmed empirically. Government to consider the current economic situation, while maintaining low interest rates and liquidity of the market rather than the real estate industry must ensure that activities can be embedded and local enforcement policies should be differentiated according to the policy will be able to reap significant effect.

• Journal of Science and Technology Studies
• /
• v.10 no.2
• /
• pp.1-35
• /
• 2010

This study analyzes the necessity of integrated innovation policy for post catch-up innovation. The integrated innovation policy solidifies its position as an infrastructure innovation policy which forms the foundation of all kinds of policies. The Korean government is currently under the pressure of planning technologies and policies that do not allow any easy imitation or copy of other advanced countries, which in turn reveals various limits of the existing policy framework. Integrated innovation policy for post catch-up innovation involves a continual process demanding changes in political, organizational and procedural activities. To ensure long-term and cross-sectoral innovation policy, overall changes and improvements in policy and its implementation are needed in terms of political commitments, governance systems, policy instruments and monitoring, and evaluation systems.

• International Area Studies Review
• /
• v.20 no.2
• /
• pp.3-23
• /
• 2016

In this study, we used actual proof analysis, based on SVAR model according to economy theory, to observe the impact of actual and financial market of Korea, Japan, and China that have adopted quantitative easing export based strategy of growth, an unconventional monetary policy of the U.S. As a result of estimation, it appears that real effective exchange rate rise shock of Korea, Japan, and China against U.S. dollar has a negative influence on current account and index of industrial product, which are real economy. It can be implied that the result is driven from the fact that strong home currency of Korea, Japan, and China decreases price competitiveness of exports, causing negative influence on real economy. The real effective exchange rate shock against U.S. dollar appeared to decrease national bond rate of Korea and Japan, while increasing that of China. In instances of Korea and Japan, it is implied that national bond rate decreases as foreigner investment funds flow in, considering foreign-exchange profit through advanced financial market with high opening extent. On the other hand, because there are strong regulation on opening extent of Chinese financial markets, the influence seems to be greater for domestic policy, rather than a foreign influence. Lastly, Korea showed a more dramatic variable reaction to exchange rate shock compared to Japan or China. It is implied from the result that Korea is relatively more susceptible and fragile in regards of international status of economic size and currency.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.2 no.3
• /
• pp.103-122
• /
• 2007

Innovation clusters developed or evolved around a specific region IS the key element of national innovation system and determine national competitiveness. Recognizing the importance of innovation clusters, Korean government has made "Daedeok Special R&D Zone" in 2005. This paper examines the success factors of famous Cluster in advanced countries and China, and proposes the strategy for regional development in Daejeon through boosting Daedeok Innovation Cluster. Although 30.5% of government R&D investment is being concentrated in Daedeok along with 10% of the country's doctorate degree holders, it is lack of increasing revenue by linking corporate R&D with a creative and challenging entrepreneur spirit. The core of the innovation cluster is the integration and mutual networking of the main participants. This paper suggests strategies for developing as a world class innovation cluster, global networking and clustering, venture ecosystem formation, commercialization the knowledge by interacting with market. It also explains the necessity of regional integration for cluster to cluster linkages in the East Asia Region.

• Review of KIISC
• /
• v.21 no.6
• /
• pp.24-41
• /
• 2011

7.7 DDoS공격과 3.4DDoS공격, NH금융전산망마비사건, 네이트 해킹 사건 등은 해킹이 개인적 문제를 지나서, 사회와 국가적인 이슈로 부상되고 있다. 중국은 대학에서 해킹 기법을 가르치고, 인민해방군에 국가일꾼이란 소명의식을 주고 있다. 북한은 지도자의 지시로 노동당과 북한군에서 사이버부대를 직접 교육 운영하고 있다. 미국은 외국으로부터 사이버 공격을 당할 경우 이를 '전쟁 행위'로 간주해 미사일 등으로 대응한다는 방침을 세웠다. 이와 같이 해킹은 국가사이버보안 정책에서 다루어져야 할 필요성이 있다. 본 연구에서는 해커의 변천, 해킹기술과 방법, 해킹 툴, 그리고 해킹 사례를 살펴본다. 또한 해킹 동향 분석에서 해킹기술 동향 분석, 해커(사람) 동향 분석, 해킹 지역(국가) 동향 분석을 통하여 해킹 인력의 조직화, 해킹 기술의 집적화, 해킹 조직의 집중화 연구를 한다. 그리고 국가사이버보안정책에서 해킹에 대한 '국자사이버보안법 시행령' 제정, 국가사이버보안 자문회의, 국가사이버보안 협력회의, 해킹 프로세스 전략, 해킹 전략 추진 방법론, 사이버협력국, 해킹 작전국, 인력 양성국, 해킹 기술국에 관한 저자의 개인 의견을 제안한다.

• Land and Housing Review
• /
• v.6 no.2
• /
• pp.101-106
• /
• 2015

In order to minimize regional disparities between the North and the South, it is very important to reduce shortages of food and energy in North Korea in the short and mid-term. In the long term, it is important to reduce not only regional disparities between two Koreas but also regional disparities in North Korea. It is important to consider national policies of the North, the South and other countries in Northeast Asia in the process of building regional development policies for North Korea because the future of regional development in North Korea depends on policies of stakeholder in Northeast Asia. This study suggest some policy directions for regional development in North Korea. At first, building new industries, such as hi-tech industries and MICE, is important for regional development potentials in North Korea. Also, we should take some special development strategies according to regional potentials in North Korea. For example, Nampo region should be specialized through hi-tech industries. Wonsan region should be specialized through MICE. Finally, this study suggests some policy issues to the South Korean government. Financial support from South Korean government about inter-Korean economic cooperation should have priorities on the regions where have potentials of hi-tech industries and MICE. Also, we should implement inter-Korean economic cooperation policies under consideration about spatial aspects.

• Journal of the Economic Geographical Society of Korea
• /
• v.25 no.4
• /
• pp.583-599
• /
• 2022

According to the discussion on the low-density economy in OECD industrial growth in remote area has played a central role in the members'economic recovery from the financial crisis in the mid-2000s. Based on the OECD's low-density economy this study examines the phenomena and spatial characteristics of industrial growth in peripheral areas of Korea. The growth of industries in the peripheral areas shows a similar growth characteristics as cases in the OECD members. Various manufacturing and service sectors as well as traditional sectors such as agriculture, forestry and fishing have grown in the peripheral areas since the mid-2000s. Firms in the peripheral areas form various cooperative networks to overcome the unfavorable regional conditions. The growth of new industries shows the possibility of path-dependent development in the periphery. Based on the results, implications on the policies for supporting the diversification of regional industries, setting flexible regional boundaries for policies, and linking policy sectors are derived.

• Journal of the Korean Academic Society of Industrial Cluster
• /
• v.1 no.1
• /
• pp.29-46
• /
• 2007

The purpose of this paper is to analyses current status and issues of cluster formation and extract policy implications. To this end, the questionnaire which surveyed the level of cluster formation were executed targeting the actors of regional innovation projects(RIPs). The results show that the situations and development stage of the cluster formation between capital region and non-capital region, large cities and small and medium sized cites are different. The level of clustering is also satisfactory, which is a requirement for cluster formation at its early stage. However, the capacity for phase II of cluster growth is not sufficient yet in terns of relationships between ventures and large corporations, institutions supporting management, finance and marketing, researchers from each individual sector of strategic industries and spin-off fines. Therefore, RIPs should be promoted with different policy tools for various regions that are devised according to the varying development stage of each region. The location of RIPs should be determined considering efficiency rather than equity, clustering rather than decentralization, and specialization rather than multiple development. In the long term, developed regions should pursue balanced regional development, with underdeveloped regions targeting specialization.

• Journal of Digital Convergence
• /
• v.18 no.2
• /
• pp.23-35
• /
• 2020

Mobile Money is a key factor of financial inclusion that can revolutionize the financial service delivery and hence enhance access to finance in emerging economies, especially the East African countries. This study therefore aims to study the determinants of individual's behavioral intention and usage of Mobile Money services in Ethiopia by usiing the UTAUT2 model. The research model was tested by sampling 200 respondents from different areas of Ethiopia. The analysis results found that Government Support, Facilitating Conditions, Performance Expectancy, Trust and Effort Expectancy are the key factors that affect the usage of Mobile Money service, while Lower Transaction Cost factors and Social Influence were not statistically significant. The findings provide useful information that only government's active efforts and support to promote mobile money services, through appropriate policies and regulations rather than lower transaction cost, can facilitate the adoption and dissemination of such services in Ethiopia.