Many cases of successful economic development, such as South Korea, exhibit long periods of sustained capital accumulation rates. This empirical feature is at odds with the standard neoclassical growth model which predicts initially high and then declining capital accumulation rates. We show...

South Korea has witnessed remarkable economic development since the 1960s. Its economic growth rate has few parallels. However, behind this facade of growth and progress, a chronic housing shortage in the capital region, declining owner-occupation, rising housing costs, and polarisation in...

This paper examines how the destination of outward foreign direct investment (FDI) affects South Korean multinational parent firms. We categorize host countries into those that are developed and those that are less developed. We find that destination matters for employment and capital intensity....

This paper examines the impact of macroeconomic factors on the stock and bond market activities in two Asian countries. We examine the influence of interest rate changes, expected inflation rate, and stock market returns on aggregate stock and bond issuance in Malaysia and Korea. Using vector...

В статье обосновывается тезис о том, что особенности национальных стратегий развития могут быть описаны и объяснены при помощи концепции власть–собственность,...

России для укрепления экономических позиций на мировой арене необходимо наращивание своего присутствия в Азиатско-Тихоокеанском регионе. Для дальнейшей...

Новый президент Южной Кореи обновила концепцию отношений страны с Северной Кореей в рамках «политики доверия», которая фокусируется на экономическом...

With recent developments of many significant social problems in South Korea, such as the national blackout events of the nuclear plants components in the South Korean energy industry due to use of low-quality parts, citizens have begun asking tough questions about the country's energy industry...

Purpose – This study aims to focus on the profitability of momentum trading in the Korean stock market. More specifically, it aims to conduct an examination of the relationship between momentum returns and idiosyncratic volatility (IVol) to determine whether momentum profits can be explained...