World economy, which showed relatively robust growth from the second half of 2010 to early 2011, has a slowdown due to the financial crisis in advanced countries, especially Greece and Italy. Retrenchment has become a common policy trend in response to rising oil price and inflationary concerns...

The Korean textile and clothing industry has fallen into a positioning trap without any obvious strengths over the checks of advanced countries such as Japan, the United States and Germany and catch-up developing countries such as China and India. The domestic production base has shrunk as...

Global communities are paying growing attention to climate change. Greenhouse gases that cause climate change are a representative environmental bad in economics. As with goods, the efficient allocation of a bad is achieved through optimization behavior of market agents. Microeconomic theory...

On July 14, 2021, the European Union announced EU Fit for 55, a climate target package comprising 13 policies representing legislation and new initiatives. Among the proposals were those related to the transition toward a more competitive industrial structure, including a stronger and expanded...

COVID-19 was first reported in China in December 2019 and has since rapidly spread worldwide. It was declared a pandemic by the WHO in March 2020. In Korea, the first confirmed case of COVID-19 was on January 20, 2020. Thus, 2020 was a year that the Korean economy spent entirely under the shock...

The industrial structure is constantly evolving due to supply-side factors such as technological advancement, the labor force, capital accumulation, and international competition as well as demand-side factors such as changes in consumer needs due to increased income levels, and industrial...

The Korean apparel industry is a high value-added industry that creates value by fusing fashion design, highly-sensitive and functional materials and brand value.In addition, the apparel industry, which consists of planning and design - patterns, samples, sewing and marketing - is a job-creating...

The Moon Jae-in administration announced on December 2017 the 8th Basic Plan for Longterm Electricity Supply and Demand (8th BPLE), which emphasizes environmental and safety factors while reflecting the need for a stable power supply and economic efficiency. The 8th BPLE is called an “energy...

As action to respond to the climate crisis galvanizes globally, carbon neutrality, the circular economy and sustainable development are emerging as key concepts for structural socioeconomic transformation. Countries around the world, led by Europe, are now establishing policies and related...

In May 2022, the new Yoon Suk-yeol government has presented a new goal for national defense dubbed the ‘AI Science and Technology Strong Force’, and announced that it will reform the overall defense R&D system so that civilian technology can be applied (spin-on) to defense in a timely...