• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.561-572
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• 2021

This study aims to analyze the causality between GDP per capita, urbanization, and education. This also aims to determine the long-term and short-term relationships between economic urbanization, education, and GDP per capita by applying Vector Error Correction Model (VECM). Data was obtained from the World Bank and UNDP from 1990 to 2018. The estimation results showed that economic growth and education on urbanization have the strongest causality in VECM. Therefore, they are pull factors with a significant effect in the long and the short term. Some suggestions concerning policy implications were stated, and they include: forming area-based urbanization, where cities within one area are integrated, to get the impact of an agglomeration economy. Also, the government needs to accelerate the distribution of infrastructure and public facilities in various regions to avoid population density in one area due to urbanization, and government needs to pay attention to easier access to education and more equitable ones in various regions. On the contrary, after education is evenly distributed in all regions, the government needs to pay attention to transportation access and infrastructure.

• Journal of the Korean association of regional geographers
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• v.11 no.1
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• pp.83-100
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• 2005

The Seoul Metropolitan Area's economy has undergone structural changes since the 1990s. With recent structural changes in the Korean economy in mind, this paper employs a decomposition analysis of Gross Regional Domestic Product per head and labor productivity to examine how the region's economic performance has changed relative to that of Korea since the 1900s. There are some findings. First, a strong cumulative causation process, derived from industrial linkages and agglomeration effects, has oocurred in the Seoul Metropolitan Area, widening economic disparities between the Seoul Metropolitan Area and the other regions especially since the Korean financial crisis in 1997 mainly due to Gyeonggi province's overwhelming cumulative GRDP growth relative to the national average. Second, the Seoul Metropolitan Area has begun w display good economic performance in terms of labour productivity relative w the national average since the late 1990s, with the region's industrial upgrading being implemented. Finally, manufacturing, financial intermediation and communications have made sensitive contributions to relative Seoul Metropolitan Area's labor productivity growth.

• Journal of the Korean Geographical Society
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• v.42 no.2 s.119
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• pp.258-279
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• 2007

Culture and art are emerging as main components in the creative economy to enhance the competitiveness of urban centres in the global market by nurturing cultural or artistic industries. A range of research exists which investigates the role of artists and art museums in the process of urban regeneration in Northern American and Western European countries. Yet research into the geography of at galleries acting as an intermediary between art works and cultural consumers remain rare. Empirical research on gentrification and urban regeneration and their connection with spaces for cultural consumption in Asian cities is even less common. The aim of this paper is to show the rise and decline of art galleries in Seoul and the way that this reflects urban development process, historically specific conditions and the characteristics of artists' communities. The background of the locational agglomeration of an galleries is examined in connection with the human ecology of artists, art business and its implication for the global market. The location of art galleries in Seoul seems to be affected by commercial art business and public policy, rather than by artists communities embedded in local areas. The location dynamics of art gallery clusters in Seoul is examined in the context of rent increases, changes of consumers' taste and fluctuating market cycles.

• Journal of the Korean Geographical Society
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• v.38 no.3
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• pp.444-462
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• 2003

There has been emerging general agreement on the relative importance of producer services in a economy. This research describes the spatial patterns and trends in producer services at different spatial scales. The other research aim is to explain the impacts of producer services on spatial changes at the national level and at the intra-metropolitan level in Seoul. Producer services have highly concentrated in metropolises, especially Seoul. Between 1986 to 2001, an important spatial change in the producer services at the national level has been their growth in the Capital Region, reinforcing the role and function of Seoul. This reinforced role of Seoul is closely related to its competitive advantages arising from economies of urban. There have been some dramatic changes in the location of producer services within Seoul. The most important change was the growth of the Youngdong area, previously a sub-center for businesses, as the most important location for producer services, exceeding the previous dominant role of the CBD area. The changing urban form of Seoul is partly related to the onset of some diseconomies of urbanization in the CBD, while at the same time Youngdong has reached a stage at which it is benefiting from the agglomeration of a variety of firms, in addition to a favourable social and physical infrastructure.

• Journal of the Economic Geographical Society of Korea
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• v.9 no.3
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• pp.297-317
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• 2006

This article is aimed to find a more successful way to build a metropolitan-wide governance for enhancing industrial cluster in South-East region, Korea. We begin a research with reviewing a current study of regional cluster and its governance. New industrial system and agglomeration changed regional growth theory and urban system. In traditional system, a central city dominated economy of the metropolitan area. However, with development of new transportation and communication technology, a central city lost their superiority to suburban cities. In other words, growing competition between central and suburban cities changed traditional concentration and diffusion theory of urbanization which dominated urban geography for last decades. Next, current situation of development of industrial cluster in South-East region is examined to suggest policy for more competitiveness. South-East region has grown as the most prominent cluster of mechanical engineering and metal industry in Korea since the late 1970s. In the form of agglomeration and network of a specific and its related industry, South-East region has formed a linear industrial belt along with the inter-regional South Coast Highway and contain about ten industrial cities. Accompanying with this growing South-East region, a problem has risen from geographic mismatch between metropolitan-wide industrial cluster and its administrative boundary. Since industrial cluster has no specific administrative boundary, adequate government support for developing industrial cluster has not been provided. Responding to the problem, academics and policy makers maintain need in establishing a metropolitan-wide governance for supporting a cluster. At the end, this paper provides some implication to planners and policy makers.

• Journal of the Korean Regional Science Association
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• v.34 no.3
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• pp.43-54
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• 2018

This paper analyzes the effects of population aging on regional differentiation from the New Economic Geography perspective. The addition of old-age population variable affects the price index, income, nominal wage, and real wage derived in the short-run equilibrium. Using the new model, we can better explain industrial agglomeration patterns corresponding to the new long-run equilibrium. As the real wage criterion does not properly take the old-age group into account, we employ the indirect utility function as an additional condition for equilibrium. We further consider tax as a policy tool for achieving a better long-run equilibrium. This would enable the government to direct the economy toward a particular equilibrium desired in the face of population aging.

• Journal of the Economic Geographical Society of Korea
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• v.7 no.2
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• pp.315-328
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• 2004

After M. Porter proposed the concept of industrial cluster, a lot of academic papers and industry surveys have suggested that industrial cluster is the key factor to competitive edge and long-term economic growth. Industrial cluster is often defined as geographical concentrations of interconnected entities in a particular industrial field. And the agglomeration economy is regarded the key factor of developing the industrial clusters. The industrial clusters often have been growing over the territory of local governments. Therefor, the institutes supporting the industrial clusters and the companies in great-sphere level is required. The purpose of this paper is for comparing and analysing the institutes supporting the industrial clusters and the companies in great-sphere level including various local governments. As the result of this research, four types of the cooperative industrial supporting systems among various local governments are divided: 1. inducing foreign direct investment into domestic area by regional development agency, 2. co-developing research parks or industrial parks by some local governments, 3. taking regional industrial statistics and writing development strategies over the boundary of the local governments, 4. constructing internet portal sites networking the local companies, universities, research centers of the same industrial cluster.

• Journal of the Economic Geographical Society of Korea
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• v.16 no.4
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• pp.597-612
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• 2013

The purpose of this paper is to examine the building process of industrial competitiveness of the Korean cosmetics industry in the global production network. For this study, cosmetics industry in Korea is selected as a research subject. Secondary data and the Korea Health Industry Statistics are analyzed to examine the overall changes of the cosmetics firms under the changes of global economy overtime. In-depth interviews of the case firms are also conducted to understand the old and new corporate strategies which locate with the sustainability and competitive advantages under an uncertain environment. As a result of the restructuring processes, the Korea cosmetics industry has upgraded its position as an innovative power in the world cosmetics industry. In addition, during the restructuring processes, cosmetics industry is overwhelmingly concentrated in the Capital Region, reflecting intensification of agglomeration economies.

• The Journal of the Korea Contents Association
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• v.9 no.6
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• pp.165-177
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• 2009

This study shed light on searching spatial location pattern of movie theaters by operating screens in theater as proxy variable to find spillover effects and spatial determinants. After taking procedure to find spatial spillover effect by GIS 3D analyst, movie theaters in Seoul metropolitan area are formed in four categorized regions, such as Kangbuk, Kangnam, Kangseo, and Kangdong. Regions which have larger number of screens than others show that they affect to relevant regions directly. In addition, this study analyzes that people have tendencies to visit movie theater while they use other similar facilities such as music, publishing, and public performance facilities. Therefore, trend of agglomeration of similar enterprise including motion picture industry has a spillover effect and economy of scale when they are gathered in specific regions which are specialized as certain usage.

• Journal of the Economic Geographical Society of Korea
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• v.22 no.1
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• pp.84-95
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• 2019

The competence of SME's technological innovation is deemed as one of the crucial factors in national and regional economies. Yet, as seen in previous studies, there is a dearth of studies on this subject, and policy and academic circles had been inclined to relatively underestimate the contribution of the SMEs to economies and industries (such as, job creation and GDP contribution). Generally, there is a bias that the innovative activity of the large-sized firm is likely to perform better than that of the small-sized company. According to several case studies, however, SME possesses a more appropriate form for innovative activities, and significantly contributes to creating advanced industrial agglomeration. Hence, this study analyses the contribution of the SME innovation to the national and regional economy along with analysing the extant literature. In doing so, we can reason out theoretical and policy implications.