This paper aims to replicate 148 anomalies and to examine whether the performance of the Korean market anomalies is statistically and economically significant. First, the authors observe that only 37.8% anomalies in the universe of the KOSPI and the KOSDAQ and value-weighted portfolios have...

South Korea’s health officials did not disclose the identities of hospitals exposed to MERS-CoV for the first three weeks of the outbreak in 2015, leading to amplified fear in the society. To ascertain the uncertainty costs due to the failure of timely information provision, we examine the...

Can textual analysis improve statistical prediction of risky geopolitical events? North Korea has been the most important source of geopolitical risk for South Korea due to the former's unpredictable and secretive military actions against the latter. We find that the tone of English language...