• International Area Studies Review
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• v.15 no.3
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• pp.393-405
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• 2011

Three different models have been consecutively employed with the U.S. yield curve and the Korean composite stock price index, firstly to see the coupling between the economies of the U.S. and Korea, secondly to find out the time consumed completing the coupling, and lastly to figure out the impact of the recent U.S. financial crisis on this coupling. This study has, first of all, produced an empirical research outcome which proved the existence of coupling between two countries' economies. The direction of this coupling was consistent with the general expectation that when the yield spread between the U.S. 10-year Treasury Note and the U.S. 3-month Treasury Bill increased which often occurred with better prospects of U.S. economy, the asset price of emerging economies including Korea also rose reflecting the accompanying change in investment atmosphere in favor of risk. It has also found out that the degree of the coupling was maximized with a lag of one week. And finally the recent US financial crisis has been revealed to reduce the degree of the coupling by as much as half in a regression model with a dummy variable.

• International Area Studies Review
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• v.15 no.3
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• pp.325-348
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• 2011

This paper analyses how China is likely to be able to sustain its current pace of growth. The results of analysis show that China's economic growth matches standard growth patterns identified by the models of economic development such as structural change, catching up model. Furthermore, China's economic growth, within these analytical frameworks, matches those of Korea at an earlier stage of her development. So Korea's growth patterns may well apply to the future of China such as the benefits of free society with economics and politics which generate technical progress and innovations. A country with a high innovative capacity is one whose institutions - educational, economic, political, legal, and so forth - allow it to dynamically and continually generate new products and services in a myriad of sectors. These are the way how China is likely to be able to sustain her economic development.

• The Southeast Asian review
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• v.28 no.1
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• pp.1-20
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• 2018

Southeast Asia witnessed a paradox of political stagnation and economic development in 2017. The 'dual order' of security dependence on America and economic dependence on China was sustained in East Asia. In this regard, Southeast Asia of two faces was quite similar to broader East Asia. On one hand, the old socialist group with totalitarian nostalgia lurked in the buffer zone between totalitarianism and authoritarianism, while the original capitalist group under democratic disguise roamed in the gray zone between authoritarianism and democracy. On the other, the old socialist group with the legacy of the planned economy succumbed to the temptation of the Beijing Consensus on state capitalism, while the original capitalist group with the myth of the market economy was exposed to the pressure of the Washington Consensus on liberal capitalism. The ASEAN Community representing the regional integration of Southeast Asia was caught in the strategic predicament of a looming 'new cold war' between the continental and maritime powers.

• The Southeast Asian review
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• v.23 no.3
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• pp.1-48
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• 2013

Taking the cases of Korean garment factories in Binh Duong area, this study aims to explain the phases and causes of the wildcat strikes that have rapidly expanded recently in Vietnam. For the purpose, this study raises several questions as follows. Why the strikes sometimes increase and decrease other times? Why the factory workers prefer a wildcat strike even though it is politically risky, unproductive, and complicated? By the same token, why the foreign management cannot or will not preemptively preclude the wildcat strikes that are usually predictable and the workers are mostly able to accomplish their demands? While answering these questions, this study explores the economic, political, and socio-cultural conditions of the wildcat strikes respectively. Based on the fieldwork in around 30 Korean owned garment factories and the interview with around 100 Vietnamese factory workers in Binh Duong, this study confirms several findings on the phases and causes of the strikes in the area in specific and in Vietnam in general. First, the annual trends of the wildcat strikes reflect the macroeconomic conditions in which the consumer prices and the labor market in Vietnamese economy and business conditions in the world economy are pivotal. Second, however, the influence of macroeconomic conditions on both the management and the workers in the garment factories are differential, depending on the financial situations of the multinational corporations and the workers' capability of reproducing their household economies. Thirdly, the possibility of the wildcat strike in each factory is relatively independent on the financial conditions of a factory and rather associated with the stable political structure and active political processes within the factory that enable the management and the workers to efficiently communicate each other. Lastly, the necessity of establishing political stability in a factory arises from the distinctive social and cultural characteristics of the multinational corporation in which foreign managers and native workers inevitably live in separate and different socio-cultural worlds.

• Journal of Korea Trade
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• v.24 no.1
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• pp.131-145
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• 2020

Purpose - The recent growth of South Korean products in the international market is the benchmark for both developed as well as developing countries. According to the development index, the role of international trade is indeed crucial for the development of the national economy. However, the visualization of the international trade profile of the country is the prerequisite of governmental policy decision-makers and guidance for forecasting of foreign trade. Design/methodology - We have utilized data visualization techniques in order to visualize the import & export product space and trade partners of South Korea. Economic Complexity Index (ECI) and Revealed Comparative Advantage (RCA) were used to identify the Korean international trade diversification, whereas the time series approach is used to forecast the economy and foreign trade variables. Findings - Our results show that Chine, U.S, Vietnam, Hong Kong, and Japan are the leading trade partners of Korea. Overall, the ECI of South Korea is growing significantly as compared to China, Hong Kong, and other developed countries of the world. The expected values of total import and export volume of South Korea are approximately US$535.21 and US$ 781.23B, with the balance of trade US$ 254.02B in 2025. It was also observed from our analysis that imports & exports are equally substantial to the GDP of Korea and have a significant correlation with GDP, GDP per capita, and ECI. Originality/value - To maintain the growth rate of international trade and efficient competitor for the trade partners, we have visualized the South Korea trade profile, which provides the information of significant export and import products as well as main trade partners and forecasting.

• Journal of Digital Convergence
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• v.20 no.2
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• pp.37-45
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• 2022

The purpose of this study is to determine social values of self-support enterprises, known as the origin of social economy by using a qualitative research method. Main themes representing social values of self-support enterprises were developed through four sessions of FGI and thematic analysis. First, self-support enterprises embody the value of 'social safety net' by providing workfare for disadvantaged people as well as by operating market-oriented business. Additionally, 'communal spirit', for which self-support enterprises strive, is social value that enables the entirety of self-support enterprises and participants to fulfill non-profit values, reciprocity, and sharing. Lastly, ontological, diachronic, and ecological 'sustainability' of self-support enterprises is a foundational element which creates continuous positive impact on our society. Findings of this study are significant to provide theoretical and empirical evidence for preservation and development of the social economy ecosystem. Based on this, further researches on comprehensive social economy are suggested.

• Journal of Aerospace System Engineering
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• v.17 no.4
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• pp.58-66
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• 2023

The latest global issues are the Space economy and low-orbit Space communication. 3GPP announced Release 17 standardization in June 2022, and in this regard, the United States prepared a strategy to enhance the competitiveness of the low-orbit 5G-NTN Space industry, and create an ecosystem at the national level in March 2023. Global smartphone semiconductor manufacturers have announced the development and verification results of standard-based chip technology, and satellite communication operators are launching low-orbit 5G-NTN Space communication services and rate products through convergence between terrestrial communication networks. This study diagnoses the current status of Korea's low-orbit 5G-NTN space communication ecosystem. We present our ecosystem creation strategy in terms of fair competition in the market, the service legal system, and the national R&D governance system.

• Korea Trade Review
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• v.41 no.4
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• pp.221-243
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• 2016

This study examined the trade of the Central Asian CIS countries and the Daegu-Gyeongbuk region. These countries are rich in resources such as oil, natural gas and aluminum. These countries were switched to capitalist market economy after independence from the Soviet Union. So, these countries are considered as new emerging markets. This study analyzed the current status of trade between Daegu-Gyeongbuk region and Central Asian CIS countries. The result of analysis of the trade structure between the Daegu-Gyeongbuk and Central Asian CIS countries, and of the Daegu-Gyeongbuk region exports to Central Asian CIS countries showed insufficience when compared with the total export of korea. In this study, we used the gravity model to analyze the trade volume of the Daegu-Gyeongbuk region and Central Asian CIS countries. The result of analysis is that the globalization of Central Asian CIS countries appeared to be effective in increasing trade. In order to increase trade, Korea and CIS countries should strengthen their economic cooperation. Especially, these countries should try to implement FTAs for economic integration. The Central Asian CIS countries have an industrial structure that relies on resource exports. So, they have a blueprint for diversification of industries through national long-term plans. The Daegu-Gyeongbuk region's economy has been going through long-term stagnation. If the Daegu-Gyeongbuk companies can enter the Central Asian CIS countries, it can be a solution for the local economy.

• Industry Promotion Research
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• v.8 no.3
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• pp.201-210
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• 2023

This study is based on data ecology theory and takes Chinese local governments' open public data as the research object. Data asset value assessment methods are compared from a new perspective of data business operations. The results show that the assessment model constructed using the hierarchical analysis method (AHP) can more objectively reflect the commercial value of government open data assets than the traditional cost, revenue and market methods, has the advantage of a comprehensive assessment of data value index, and better reflects the findings of a comprehensive index of regional data value. The data show that the local government data value assessment index is positively proportional to the region's digital economy development index, highlighting the driving effect on the digital economy. The results of the study provide a good help for the identification of local government data value rights. The research and practice of promoting the construction of data innovation and data business operation models, improving social well-being and promoting the rapid development of the digital economy to achieve data realisation provides a good reference.

• Review of Culture and Economy
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• v.20 no.2
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• pp.149-171
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• 2017

This paper presents empirical findings about the market inefficiency field in the korean horse track. We first use the place betting data instead of the win betting data inevitably depended on by past studies, and discuss the degree of the long shot anomaly and the bettor's risk attitude sequentially in the place betting market. The empirical result of betting simulations using the place winning function in this study reveals persistently higher returns than the expected payoff in korean racetrack betting market. The clear departures from perfect efficiency in horse-racing betting imply that much of the market information is insufficient and less accurate. This market asymmetry aggravates popular speculations exquisitely since people are attracted by the higher odds figures in the racetrack display although those are much uncertain in future. The findings suggest the more objective and credible information of winning possibilities such as the place winning function including the smart information of marginal odds needs to be available to the betting decision of the public, which contributes to reducing the speculative spirit in korean racetrack.