Using a novel set of instrumental variables in a structural VAR framework, we investigate the economic impact of uncertainty shocks stemming from geopolitical swings in South Korea. We construct robust instrumental variables for examining the variations in uncertainty due to geopolitical swings...

Past experience of emerging infectious diseases enabled the Republic of Korea to respond promptly to COVID-19. The government's zero out-of-pocket strategy, dedicated funding to infectious diseases, previously reformed legal and policy frameworks, and proactive risk communication minimized the...

Past experience of emerging infectious diseases enabled the Republic of Korea to respond promptly to COVID-19. The government's zero out-of-pocket strategy, dedicated funding to infectious diseases, previously reformed legal and policy frameworks, and proactive risk communication minimized the...