• 사회경제평론
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• v.31 no.1
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• pp.25-61
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• 2018

Nowadays 87 regimes born in the same year with the Korean Association for Political Economy(KAPE in abbreviation) have ended historically. This paper surveys the research trends of KAPE after 2007 for the 30th founding anniversary. This survey is expected to help research way forward of KAPE. The main contents of the surveys are as follows. Global finance crisis caused by subprime mortgage crisis in 2007 expanded to global economic crisis resulting in the crisis of economics. KAPE criticized the mainstream economics with different approach and methodology as well as political economy copying with the crisis of economics and then focused on economics of inequality. However, the progressive economics is depressed under the conservative regime after 2007. As a result, the progressive economics have experienced the crisis of reproduction of knowledge and have become the peripheral science in Korea. With new regimes after 87 regimes, more important than restoration of the progressive economics is rebirth as the progressive economics corresponding to new regime and new era. This is responsibility of KAPE as the single association of the progressive economics in Korea.

• Proceedings of the KOR-KST Conference
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• 1998.09a
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• pp.204-211
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• 1998

This paper reviewed the East Asia financial crisis, how China reacts to its impact, and what lessons should be learned from the crisis.

• Journal of the Korean Home Economics Association
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• v.39 no.4
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• pp.105-120
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• 2001

The purpose of this study was to analyze on effects of midlife ego-identity and crisis on quality of life in married women. The data were obtained through 394 midwife married women who live in Kwangju and Chonnam. The results were as follows. (1) The mean scores of ego-identity and quality of life were higher than the medium point. The mean scores of crisis was a little lower than the medium. (2) The ego-identity was significantly influenced by religion, health condition, social intimacy, marital relations, and parent-child relations. The crisis was influenced significantly by income, health condition, marital relations, and ego-identity. And the quality of life was influenced significantly by religion, health condition, marital relations, parent-child relations, and crisis. (3) On the result of path analysis, religion, health condition, marital relations, parent-child relations, and crisis directly influenced the Quality of life. Besides, income, social intimacy, and ego-identity indirectly affected the quality of life.

• Journal of the Korean Home Economics Association
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• v.29 no.1
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• pp.203-216
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• 1991

Coping strategy and mid-life crisis were examined in a sample of 325 mid-life couples ranging in age 40∼59. Each participant was administered stressful life event scale, coping strategy scale, family cohesion scale and mid-life crisis scale. The results were as follows: 1. There is no significant differences between husbands and wives in the experiences of stressful life event, but the perceived stress level of wives significantly higher than the husband's. 2. Husbands seem to use problem solving strategy and wives seem to use restrain strategy more often. 3. Wives appear significantly higher mid-life crisis than husbands. Especially family cohesion and passive coping strategy have turned out to be significant on the mid life crisis of couples. Besides these predictors, experiences of stressful life event and perceived stress level are significant predictors for husband's mid-life crisis. As for wive's mid-life crisis, coping stratigies are significant predictors.

• Journal of the Korean Home Economics Association
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• v.39 no.11
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• pp.43-62
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• 2001

This study investigated the relationships among Selection, Optimization, and Compensation(SOC) as strategies of life management in mid-life crisis respect to gender and age. The subjects of this study were 170 females and 182 males at the ages between 40 and 60 living in Seoul. Selection, Optimization, and Compensation(SOC) as strategies of life management were assessed by SOC-questionnaire while mid-life crisis was assessed by Mid-Life Crisis Scale. The data were analyzed using frequencies, percentiles, means, standard deviations, Cronbach's $\alpha$, two-way ANOVAS, and Pearson's correlations. Except compensation there was no significant difference in Selection and Optimization as strategies of life management as a function of gender and age. No signigicant difference was found in mid-life crisis as a function of gender and age. There were significant negative correlations among Selection, Optimization, and Compensation(SOC) as strategies of life management and mid-life crisis except the individuation.

• East Asian Economic Review
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• v.23 no.4
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• pp.353-379
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• 2019

This paper aims to determine factors causing the stagnation of Korean firms' fixed investment after the global financial crisis, using panel data for the period of 1999-2016. Fixed investment remained sensitive to cash flow and Tobin's q although their effects decreased after the global financial crisis. A decreasing trend of cash flow and an increase in Tobin's q since the early 2000's imply that the worsening cash flow was a major factor behind the sluggish investment after the crisis. Meanwhile, debt-equity ratio remained significant for non-chaebol affiliated firms, reflecting disparity in access to external financing. Volatility of stock returns also became insignificant after the crisis, casting doubt on the argument that uncertainty was a major factor contributing to the decline of fixed investment. Analysis of financial investment confirmed the significant effect of cash flow, larger than that on financial investment than on fixed investment. In particular, debt repayment and other financial investment, except share repurchase, were sensitive to cash flow. However, the substitution of fixed investment by financial investment is a consequence, rather than a cause of declining fixed investment.

• Korean Management Science Review
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• v.33 no.2
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• pp.117-131
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• 2016

This study introduces the concepts on the phase-shifting phenomenon of financial markets, which was firstly used in econophysics area and explains how the phase-shifting behavior is studied in the fields of business management and finance. Specifically, we explain how the phases of financial markets are extremely changed under some external conditions, do an extensive literature review, and carry out case studies focusing on the 3 major financial crisis events including the 87 October crash, 97 Asian financial crisis, and 2007 global financial crisis. We also empirically examine the phase-shifting behavior of the Korean ELW products that has a similar payoff structure to the KOSPI200 options.

• Journal of the Korean Home Economics Association
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• v.39 no.2
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• pp.1-13
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• 2001

The purpose of this study is to examine the effects of poor female-headed families' family life events on their well-being under economic crisis in Korea and to investigate how they overcome their alienation. Specific research questions were as follows : (1) How are poor female earner's life satisfaction level and alienation level after economic crisis\ulcorner (2) How are poor female earner's demands for social security\ulcorner For this empirical analysis, the data was collected from 359 poor female-earners whose first child was of school age in the Seoul metropolitan area from the 14th Feb. to the 18th Mar. 2000. The questionnaire for the survey dealt with demographic information, alienation, life satisfaction and family life event. The major findings of the research project were as fellows: First, poor female-earners'alienation level was not higher than the average level. However among sub areas of alienation, powerlessness was higher than the average level. Second, poor female-easer made a strong claim for social welfare. Especially, they desired so much to be granted the national economic assistance.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.35-47
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• 2020

An economic downturn can occurred through unexpected events in various fields, such as the subprime mortgage crisis and the outbreak of Coronavirus Disease-2019 (COVID-19). Trade credit is important for small- and medium-sized enterprises (SMEs), especially during a monetary contraction, as it is the last option for firms that lack bank credit. This study aims to determine whether trade credit is profitable for the buyer and supplier firms during and after a financial crisis. We use panel data consisting of all trade credit transactions and financial statements of 5,751 Korean firms during the period 2008-2012. It shows that trade credit is more profitable for both buyers and suppliers in the post-crisis period than during the crisis. Moreover, trade payable is more effective for unconstrained buyers than for constrained buyers. Finally, a mixed strategy is superior to an aggressive or passive strategy of SMEs. The results suggest less profitability of trade credit during a period of contraction and greater sensitivity of the buyer SMEs, emphasizing the idiosyncratic liquidity strategy of each firm. This study can be helpful to develop a strategy of profitable trade credit for SMEs and to establish a policy of managing liquidity for the authority.

• Human Ecology Research
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• v.56 no.3
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• pp.233-246
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• 2018

Korean society is experiencing an increase in multicultural families and single households. The incidence of the MERS, epidemic in 2015, and the subsequent cases of child abuse have been major shocks to Korean society. In addition, there has been a steady increase in household debt, that is in danger of causing a serious crisis in the stability of our society and the family. The current demand for increased accountability in the democratic process is becoming an important topic. There is also an increased awareness of natural disaster preparation due to local earthquakes that have caused concern. At this point, the lifelong education in the home economics education field in Korea is in line with the changes and crises of various societies. Problems related to family life that have happened in the real life of learners stand in the place of the study with preventive character. It should provide the best alternative for family, home, and society, and help to overcome the problems of life. In order for lifelong education to respond to these social changes $vis-{\grave{a}}-vis$ Home Economics Education, it is necessary to develop: 'formation and improvement education of family relationship', 'crisis prevention and management coping ability training', 'safety education', 'learning communication and consensus processes', 'consumer culture education', 'ethics education on environment and resources', 'sustainability education', 'local education of family relationship', 'crisis prevention and management coping ability training', 'safety education', 'learning communication and consensus processes', 'consumer culture education', 'ethics education on environment and resources', 'sustainability education', 'local economic activation education', and other topics of lifelong education topics related to the field of Home Economics Education are required. Consequently, various related programs should be further developed and disseminated.