This study aims to understand how InsurTech has developed in Korea. To achieve this, we collected InsurTech-related news articles published in the Korean media over the past eight years. Using a relatedness analysis based on the TopicRank algorithm, a text mining technique, we extracted the top...

While FTA negotiations are proliferating, our paper shows that targeting the appropriate sector is crucial for generating employment opportunities subsequent to FTA. In particular, we show that, countering conventional wisdom, targeting skill-biased exports and not the sector that employs...

We examine the implications of robots and artificial intelligence (AI) for employment and productivity, using a rich firm-level database from the Survey of Business Activities provided by Statistics Korea. While previous studies have explored the effects of robots and AI separately, we...

Economic inequality remains a persistent and widely studied issue in the social sciences. South Korea provides a striking example where the top 23 business groups, controlled by ultra-wealthy, family-owned conglomerates (chaebols), have maintained significant economic persistence and resisted...

The speed of both the rise and fall of US inflation in 2021–23 took many economists by surprise. This paper shows that the rise of COVID era inflation reflects three independent shocks: a plethora of pandemic-related shifts in demand patterns and supply disruptions; the largest commodity price...

The Korean economy has remained resilient against multiple shocks. Economic growth has recovered, inflation has steadily declined, and financial stability risks have decreased. However, downside risks have increased amid high uncertainty from policy shifts in major trading partners and recent...

We estimate natural-disaster impacts on children's school enrollments and math skills and test for impact heterogeneities with respect to age and gender in seven countries in Asia and the Pacific, which is the world's most disaster-prone region. We link survey data on children aged 5 to 17 to...

Driven by both political camps in Seoul, relations between South Korea and the North Atlantic Treaty Organization (NATO) have deepened significantly since their initiation in 2005. While this intensified relationship was shaped to a large extent by geopolitical developments and increasing...

Purpose - This paper explores the impact of South Korea's partner countries' intellectual property rights protection (IPRP) level on South Korea's trade dynamics and its GVC participation. Design/methodology/approach - Through a literature review and an empirical analysis based on two models,...

The Korean shipping industry, which underwent consolidation of shipping companies in the 1980s, continued to grow with the recovery of the global economy from the late 1980s to the first half of the 1990s. The civilian government that came to power after 30 years of military rule gradually...

We propose a method for calibrating high-dimensional parameters in the Hull-White one-factor model using market prices of swaptions, aimed at generating mark-to-market interest rate scenarios in the Korean insurance industry. Our approach integrates a trust region-based Bayesian optimization...

Purpose - The purpose of this paper is to analyse the international political economy of Korea and its effects due to geopolitical tension between China and the USA. Design/methodology/approach - Economic war between China and the USA has prolonged longer than expected. Aftermath of the COVID-19...

This study investigates whether cryptocurrency investments have a distinct impact on corporate liquidity depending on when they are held and the stage of a firm's life cycle at the time of holding, using a sample of Korean companies. The empirical findings first show that cryptocurrency...

This paper investigates the impact of South Korea's rapid robotization, driven by the country's proactive robotization policies, on subjective well-being using individual and householdlevel panel data. We measure individual exposure to robotization by estimating the probability that individuals...

Some economies are "black holes" where reliable data is scarce due to government control, low capacity, or conflict. Despite these challenges, researchers have found ways to gather useful information. This paper draws on the literature on North Korea to review six key methods: satellite imagery,...

Supply-chain bottlenecks emerged alongside unprecedented inflationary surges amid the resulting mismatches in supply and demand for goods and services throughout the COVID-19 pandemic. This study employs a local projection approach to investigate the inflationary impact of global supply-chain...

While FTA negotiations are proliferating, our paper shows that targeting the appropriate sector is crucial for generating employment opportunities subsequent to FTA. In particular, we show that, countering conventional wisdom, targeting skill-biased exports and not the sector that employs...

Derzeit verschärft sich der Wettbewerb um die CO2-Abscheidung und ‑Speicherung sowie ‑Nutzung (CCS/CCU). Bislang (noch) von Nordamerika dominiert, sind es nun insbesondere Akteure im Großraum Asien - von Saudi-Arabien bis Japan -, die diese Technologien vorantreiben. In deren sich...

The competition for carbon capture, storage, and utilisation is intensifying. Historically dominated by North America, the lead in this technology is now being seized by key players across Asia - reaching from Saudi Arabia to Japan. Unlike traditional energy (transition) geopolitics, this new...

Korea's National Pension Fund (NPF) is projected to be in deficit by the 2040s and exhausted by the 2050s. Increasing contribution rates may be unaffordable, prompting consideration of structural reforms, particularly shifting from a defined benefit (DB) to a defined contribution (DC) system....

This study explored the employees' perception of followership and its evolution in business transformation, given the case of the Hyundai Motor Group (HMG). Using a case study approach for explorative research, we conducted informal conversations and in-depth interviews with twenty participants...

This study aimed to examine the growth of social enterprises, their operational diversity and impact, and their characteristics from the stakeholders' perspective focusing on the diversity and influence of social enterprises in the Republic of Korea. Based on data from periodical reports,...

This gas-focused edition of the Oxford Energy Forum updates the scorecard on the key issues driving medium to long-term gas demand prospects in key consuming countries. Whether it is European climate policy and the regulation of decarbonized gases, the demand outlook for Asian industrial...

In this study, we elucidate the income redistribution effects of the proposal to incorporate the Bend Points mechanism of the U.S. OASDI into the Korean National Pension Scheme (BP-KNPS Proposal) through a micro-simulation analysis using individual data from the Korean Labor and Income Panel...