In order to cope with climate change, the development and deployment of Hydrogen Fuel Cell Vehicles (HFCVs) is becoming more important. In this study, we developed a forecasting model for HFCVs based on the generalized Bass diffusion model and a simulation model using system dynamics. Through...

The Korea Institute of Energy Research (KIER), the only government-sponsored research institute specialized in the development of energy technology and policy, has established a long-term strategic energy technology roadmap (ETRM) for the period spanning from 2006 to 2015. Taking into account...

Korea's need for energy conservation and alternative energy is greater than for any other nation. Korea imports more than 97% of its total energy consumption and ranks 10th in the world in terms of energy consumption. Developing hydrogen energy technology has great potential to cope with Korea's...

In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...

This article analyzes the impact of prime rate changes on stock prices of prime rate change initiating banks relative to noninitiating banks. The prime rate as a "sticky price" is analyzed, and the potential directions (and sizes) of information effects are discussed and empirically examined. It...

We study the evolution of Korean chaebols (business groups) using ownership data. Chaebols grow vertically (as pyramids) when the controlling family uses well-established group firms ("central firms") to acquire firms with low pledgeable income and high acquisition premiums. Chaebols grow...