In South Korea, nearly 40% of the elderly population lives in poverty, one of the highest rates in the developed world. As the country undergoes a rapid demographic transition and the share of older individuals increases, understanding the drivers of old-age poverty becomes increasingly...

Asia presently houses some of the top and dynamic economies in the world. These economies have also experienced high fintech adoption in their banking sectors. This paper examines the impact of fintech adoption and integration on the efficiency and stability of banks in 9 Asian countries, using...

This study empirically investigates how Environmental, Social, and Governance (ESG) discourses among major Korean Business-to-Business (B2B) corporations (POSCO, LG Chem, and HD Hyundai) were reconfigured in the context of former President Trump's re-election campaign and the 2024 U.S....

We examine the local effects of South Korea's large-scale place-based industrial policy of constructing industrial complexes in left-behind regions. We compile a novel dataset on industrial complex designations dating back to the 1960s and link it to administrative establishment surveys. Using a...

Central Asia has emerged as a key region where the convergence of geopolitics and development cooperation is most visible. Major powers are redefining their approaches: Japan combines official development assistance (ODA) with commercial partnerships to advance connectivity and reform; the EU is...

The Value of Lost Load (VoLL) is a key metric in electricity system planning and market design, informing reliability assessments, scarcity pricing, and capacity remuneration mechanisms. This study conducts a comprehensive review of VoLL estimation methods and identifies the most appropriate...

In an era of fragmented global production and domestic decentralization, middle-income countries confront the complex challenge of industrial upgrading. While national governments remain central to industrial policy design and funding, upgrading unfolds through multi-level interactions between...

Central Asia has emerged as a key region where the convergence of geopolitics and development cooperation is most visible. Major powers are redefining their approaches: Japan combines official development assistance (ODA) with commercial partnerships to advance connectivity and reform; the EU is...

Germany is facing a security policy Zeitenwende whose industrial dimension has not yet been sufficiently addressed. The war in Ukraine, rising military threats in Europe, and the long-term underfunding of the German Armed Forces have exposed the limits of existing defence industrial capacity,...

We examine the local effects of South Korea's large-scale place-based industrial policy of constructing industrial complexes in left-behind regions. We compile a novel dataset on industrial complex designations dating back to the 1960s and link it to administrative establishment surveys. Using a...

This study examines the extent to which a firm's business strategy shapes its strategic and audit risk profiles, and whether these risk characteristics ultimately manifest as measurable auditor-client disagreements. Auditor-client disagreement is operationalized using a direct, disclosure-based...

South Korea's social protection system has undergone a profound transformation from a developmental welfare state, in which social protection policies were subordinated to the economic development goal, to a universal welfare state. This study traces this trajectory by examining six key...

Objective: The study aims to evaluate the internal validity of a scale measuring cultural traits in relation to Hofstede's framework and to identify the individual cultural characteristics of young people across three countries: Poland, South Korea, and the United States. Research Design &...

The impact of sudden asylum seeker inflows on host residents' mental health is largely unexplored. The present study addresses this research gap and provides the first causal evidence from the non-Western context by exploiting the unexpected influx of Yemeni asylum seekers to Jeju Island, South...

This research identifies market-based capability dimensions based on Teece's (2007) first two classes of dynamic capability-sensing capability and seizing capability-and investigates their impacts on firm performance. By incorporating Resource-Advantage theory as a complement to the primary...

This paper documents marriage and child penalties in Korea, where the female labor supply remains constrained by marriage and childbirth despite the urgent need to promote the female labor supply in the face of the world's most rapidly aging population. Using an event-study approach and...

This paper explores the relationship between socioeconomic status (SES) and the recent rapid decline in marriage rates in China and South Korea, using nationally representative longitudinal data. The analysis shows that recently rising never-married rates (NVMR) are increasingly concentrated...

Background: The rapid growth of e-commerce has intensified the need for packaging strategies that reduce logistics costs and environmental impact. Traditional box recommendation methods select the best-fitting box from a fixed set of options, which limits their ability to minimize unused space...

In this paper, we use an overlapping-generations standard-incomplete markets model to quantitatively investigate the long-run implications of Korea's demographic changes and policy reforms. Importantly, our quantitative model endogenizes the retirement decision and matches the elasticity of...

This paper examines the role of "healthy aging" in boosting labor supply in Korea. First, we use microdata from surveys to assess whether there is evidence that the physical abilities of individuals aged 50 years and above have been improving over successive cohorts. Second, we investigate...

Prior empirical studies suggest that technical indicators may contain information useful for predicting the equity market risk premium and may complement forecasting models based on macroeconomic variables. This paper examines the predictive power of technical indicators in conjunction with...

This study examines the impact of the sharp increase in Korea Treasury Bond (KTB) issuance following the COVID-19 crisis and analyzes the effects of bond buybacks as a policy countermeasure. Using a dynamic Nelson-Siegel model with macroeconomic factors, we estimate the effects of changes in the...

This paper analyzes the dynamic spillover effects of exchange rate volatility among the foreign exchange markets of China, Japan, and South Korea from January of 2010 to March of 2024 based on exchange rate determination theories, the GJR-GARCH model, and the TVP-VAR model. The key empirical...

This study provides results of key topics and actor relationships in the Korea AI value chain using news articles. We build a dataset of 5200 news articles (2021-2024). Using LDA topic modeling, we identify 14 key topics and track yearly changes in the number of news articles in four value chain...

This paper examines the gap between what nurses need and what actually gets built, through a three-month ethnographic study at Mirae Hospital (MH) in Seoul, South Korea, combining interviews, ward observations, and participatory design workshops with hospital staff and union nurses. Our findings...

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...

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...