This paper examined and analyzed recent trends of the China-North Korea trade using intensive and extensive margins. North Korea's trade with China, especially its increasing dependence on China, was analyzed as being determined mostly by quantity and price of small number of items rather than...

Third, governments should make various efforts to encourage domestic firms to invest abroad via M&As, which is an effective means by which industries can bypass the entry barrier of service markets in each country. Fourth, in order to attract investment into Korea's service market, the market...

This paper aims to analyze the economic impacts of UN sanctions on North Korea's banned luxury goods imports. The analysis is based on applying Difference-in-Differences Methods to the gravity model. The results show that North Korea's luxury goods import patterns reflect the aforesaid model....

North Korea is similar in that it has a political structure unfavorable for reforms, hence, the North is likely to follow in the footsteps of the CIS states. Also, North Korea has an unfavorable initial condition in that the level of economic development at the early stage of transition is low....

The changes taking place in North Korea's political, military, and economic aspects since Kim Jong-un inherited power, are drawing the world's attention. In particular, as the Kim Jong-un regime places greater importance on the economy, there is a growing international interest as to whether the...

Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies. The large-scale support for SMEs should shift from...

Raising productivity requires addressing a wide range of policies that affect resource allocation, the creation and diffusion of technology, human capital and the creation and financing of start-ups. The greatest gains can be achieved in the service sector and in SMEs, where productivity has...

In particular, both Korean governments should try to provide government-led public relations strategies, systematic support and favorable conditions for luring foreign investment through measures for overhauling support/management systems related to foreign investment