During the period from 2008 to 2013, Korea pushed ahead with education diversification reforms to overcome the education bubble which immensely increased private tutoring expenditure and produced college graduates receiving lower wages than high school graduates. Private tutoring expenditure...

We report the first results for Korean firms on the incidence, diffusion, scope and effects of diverse employee financial participation schemes, such as Profit Sharing Plans (PSPs), Employee Stock Ownership Plans (ESOPs), Stock Option Plans (SOPs) and Team Incentive Plans (TIPs). In do doing, we...

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean firms with and without Chaebol affiliation. To do so, we have assembled for the first time panel data (that provide information not only on executive compensation and firm...

"Project-based learning (PBL) is gaining increasing prominence as an educational tool for enhancing students' key future competences - communication, collaboration, critical thinking and creativity, referred to as the 4Cs. However, the proportion of PBL classes in Korean schools is among the...

This study takes note of changes in school accountability policies from 2009 to 2015 in Korea utilizing OECD PISA data from 2006 to 2015. We found that active implementation of the accountability policy (2009-2012 period) were effective in raising the academic performance of students and schools...

This article criticizes that the personnel management system for Korean public officials is seriously lacking competition among public employees and fails to nurture their competence and confidence due to too much reliance on rank, seniority, closed recruitment, and excessive rotation of...

Since the late 1990s, instead of encouraging first-movers to challenge and take risks, innovation related policies of Korean government, such as science and technology policies, industrial policies, and university policies, induced the first-movers to avoid risks. Likewise, these same policies...

Active creation of high tech jobs and start-ups in innovation clusters like Silicon Valley has drawn a lot of attentions from policy makers and analysts around the world. We empirically investigate the geography of Korea's high tech jobs and start-ups using the combined data set of Korea's Local...

The expansion of project-based learning has been advocated for as a solution and reform measure to the problem of rote learning-based teaching practices in Korean schools, deemed unfit for the development of diverse skills needed in the 21st century. While the ultimate goal of initiating...