This paper examines the willingness for Korean consumers to pay a premium for renewable electricity under a differentiated good framework by applying the contingent valuation method. Korean consumers have been required to pay for their use of renewable electricity as of 2012. First, we find that...

The amazing speed of innovations in the new media industry is now forcing major studios and publishers to search for promising startup companies to sustain their competitive edge. However, selection and valuation of startup companies, especially in the new media industry, is difficult to conduct...

This paper investigates the substitutability between energy and capital in the manufacturing sectors of ten OECD countries since 1980 by applying a cost function approach that has been widely used to analyze industrial energy demand. First, we attempt to determine the source of the disagreement...

Renewable energy (RE) is the best sustainable energy solution South Korea can provide to assist North Korea in overcoming its chronic energy shortage. Designed as a follow-on research to Sin et al. [1], a survey was conducted with a panel of experts consisting of various disciplines and...

By 2030, Korean government aims to increase the share of new and renewable energy sources to 11% in the overall primary energy mix, that is, approximately 33 million TOE. However, carefully designed program is needed given the current low level of the share (2.37%, approximately 5.6 million TOE,...

To solve the continuing North Korean energy problem, the international community has provided, almost continuously, energy aid such as heavy fuel oil. Despite the large amount of energy aid North Korea has received, there is no evidence that the North Korean energy problem has gotten any better....

This study classifies the types of mergers and acquisitions (M&A) carried out in the renewable energy industry and explores their effects on enterprise value. Both the generalized autoregressive conditional heteroskedasticity and the ordinary least squares methodologies are used in an event...

This study aims to introduce a new analytical macroeconomic framework, the expanded reproduction system, that combines the accumulated wisdom of several contemporary economic models while also compensating for their shortcomings. This new framework may be used to study macroeconomic phenomena...

This study revisits the theory of Friedrich List from a more comprehensive and modernized perspective and applies it to the Korean history of industrialization. Although List is well known as the scholar who insisted on the protection of infant industry, his argument on protectionism is a part...