scholarly journals Early Detection of South Korean Financial Crisis using MS-GARCH Based on Term of Trade Indicator

2021 ◽  
Vol 4 (2) ◽  
pp. 114
Author(s):  
Husna Afanyn Khoirunissa ◽  
Sugiyanto Sugiyanto ◽  
Sri Subanti
Keyword(s):  
Financial Crisis ◽  
South Korea ◽  
Exchange Rate Regime ◽  
The South ◽  
South Korean ◽  
Volatility Models ◽  
Monetary Crisis ◽  
Using Data ◽  
The Impact ◽  
Autoregressive Conditional Heteroscedasticity

<p><strong>A</strong><strong>bstract</strong><strong>.</strong> The 1997 Asian financial crisis, which occurred until 1998, had a significant impact on the economies of Asian countries, including South Korea. The crisis brought down the South Korean currency quickly and sent the economy into sudden decline. Because the impact of the financial crisis was severe and sudden, South Korean requires a system which able to sight crisis signals, therefore that, the crisis will be fended off. One in all the indicators that can detect the financial crisis signals is that the term of trade indicator which has high fluctuation and change in the exchange rate regime. The mixture of Markov Switching and volatility models, Generalized Autoregressive Conditional Heteroscedasticity (GARCH), or MS-GARCH could explain the crisis. The MS-GARCH model was built using data from the South Korean term of trade indicator during January 1990 until March 2020. The findings obtained in this research can be inferred that the best model of the term of trade is MS-GARCH (2,1,1). Term of trade indicator on that model could explain the Asian monetary crisis in 1997 and also the global monetary crisis in 2008. The smoothed probability of term of trade indicators predicts in April till December 2020 period, there will be no signs of the monetary crisis in South Korea.</p><p><strong>Keywords</strong><strong>: </strong>financial crisis, MS-GARCH, South Korea, term of trade indicator</p>

scholarly journals Dukungan Pemerintah Dan Strategi Keberlanjutan Bisnis Ukm Korea Selatan Di Tengah Pandemi Covid 19

2021 ◽  
Vol 9 (2) ◽  
pp. 125-133
Author(s):  
Ratnaningsih Hidayati ◽  
Nadya Megawati Rachman
Keyword(s):  
South Korea ◽  
Large Scale ◽  
Business Strategies ◽  
The South ◽  
Literature Study ◽  
South Korean Government ◽  
South Korean ◽  
Korean Government ◽  
The Government ◽  
The Impact

Global pandemic of COVID-19 has bee creating economic disruption in many countries including South Korea. The decline in the trade sector due to the COVID-19 pandemic does not only affect large-scale industries. The Small and Medium Enterprises sector is also affected by the impact of the implementation of various policies in place to anticipate the spread of this virus. This study aims to provide an overview of government policies and business strategies for South Korean SMEs in the midst of the COVID-19 Pandemic and this study is also expected to provide input for the Government to design appropriate, fast and quality economic recovery programs for SMEs affected by COVID-19. . This paper uses a qualitative approach. The data collection technique was carried out through literature study / literature study and interviews with the Republic of Indonesia Trade Representative in South Korea. The results showed that as a country that was first affected by COVID-19, the response of the South Korean government was relatively fast and sufficient to guarantee business continuity for SMEs, there are five main policies implemented by the South Korean Government and five Business Strategies of SMEs in dealing with COVID- 19.

scholarly journals Meat Demand in South Korea: An Application of the Restricted Source-Differentiated Almost Ideal Demand System Model

2007 ◽  
Vol 39 (1) ◽  
pp. 47-60 ◽  
Author(s):  
Shida Rastegari Henneberry ◽  
Seong-huyk Hwang
Keyword(s):  
United States ◽  
South Korea ◽  
The United States ◽  
System Model ◽  
Demand System ◽  
Almost Ideal Demand System ◽  
The South ◽  
Meat Demand ◽  
South Korean ◽  
Meat Market

The first difference version of the restricted source-differentiated almost ideal demand system is used to estimate South Korean meat demand. The results of this study indicate that the United States has the most to gain from an increase in the size of the South Korean imported meat market in terms of its beef exports, while South Korea has the most to gain from this expansion in the pork market. Moreover, the results indicate that the United States has a competitive advantage to Australia in the South Korean beef market. Results of this study have implications for U.S. meat exports in this ever-changing policy environment.

Changes in Twinning Rates in South Korea: 1981–2002

2005 ◽  
Vol 8 (1) ◽  
pp. 76-79 ◽  
Author(s):  
Yoon-Mi Hur ◽  
Jun Soo Kwon
Keyword(s):  
South Korea ◽  
Assisted Reproductive Technologies ◽  
Reproductive Technologies ◽  
Rapid Rise ◽  
The South ◽  
Older Mothers ◽  
South Korean ◽  
Record Data ◽  
Birth Data ◽  
National Statistical Office

AbstractThe present study investigates the twinning rate trends in South Korea for the years 1981 to 2002 utilizing the birth record data from the South Korea National Statistical Office. The twinning rates between 1981 and 1991 remained nearly constant and were slightly less than 10 twin individuals, that is, approximately five pairs per thousand births. Since the early 1990s, however, the twinning rate has increased sharply and reached 19.30 twin individuals, that is, around 10 pairs per thousand births in the year 2002. Application of the Weinberg method to birth data for the years 2000 to 2002 revealed that the dizygotic twin rate in South Korea increased almost threefold between 1981 to 1991 and 2002. In the 1980s the effect of maternal age on twinning rates appeared to be minimal. In the 1990s, however, increases in twinning rates occurred more markedly among older mothers than among younger mothers. We speculate that the rapid rise in twinning rates in South Korea in the 1990s is probably attributable to the spread of Assisted Reproductive Technologies among older mothers who seek treatments for infertility. The present study also examined whether residing in industrial areas is associated with multiple births in the South Korean population. The results did not support the recent finding of higher twinning incidence in industrialized regions.

scholarly journals Evidence of effective financial crisis management from South Korea: An example for other regions

2020 ◽  
Vol 42 (1) ◽  
pp. 21-38
Author(s):  
Saysi Sayaseng
Keyword(s):  
Financial Crisis ◽  
South Korea ◽  
Global Financial Crisis ◽  
Var Model ◽  
Impulse Response Functions ◽  
Response Functions ◽  
Macroeconomic Variables ◽  
South Korean ◽  
Positive Growth ◽  
The Global Financial Crisis

AbstractEvidence from the global financial crisis (2007–2008) and the Asian financial crisis (1997) have taught policymakers valuable lessons. The contagious effects of these crises have proven unavoidable and have led to negative economic development. However, South Korea, unlike other countries, has recovered remarkably from both episodes of financial turmoil and proved their ability to maintain positive growth throughout the two periods. This study investigates the correlation between the evolution of South Korean banking and corporate sector before, during and after these crises. A VAR model was employed to test the effectiveness of the South Korean government's policies, in response to the financial crisis from 1997 to 2017, using macroeconomic variables as proxies for newly introduced policies, and non-performing loans for controlled risks. The empirical results indicate impulse response functions which suggest that changes in macroeconomic variables as a representation for the policies resulted in a reduction of non-performing loans. This implies successful risk reduction and an overall economic recovery.

scholarly journals Corruption and Government Intervention on Bank Risk-Taking: Cases of Asian Countries

2018 ◽  
Vol 9 (2) ◽  
pp. 228-237
Author(s):  
Rizky Maulana Nurhidayat ◽  
Rofikoh Rokhim
Keyword(s):  
South Korea ◽  
Risk Taking ◽  
Government Intervention ◽  
The Other ◽  
Bank Risk ◽  
Asian Countries ◽  
Dummy Variables ◽  
Macroeconomic Variables ◽  
Using Data ◽  
The Impact

This paper aims to addresses the impact of corruption, anti-corruption commission, and government intervention on bank’s risk-taking using banks in Asian Countries such as  Indonesia, Malaysia, Thailand, and South of Korea during the period 1995-2016. This paper uses corruption variable, bank-specific variables, macroeconomic variables, dummy variables and interaction variable to estimate bank’s risk-taking variable. Using data from 76 banks in Indonesia, Malaysia, Thailand and South Korea over 21 years, this research finds consistent evidence that higher level of corruption and government intervention in crisis-situation will increase the risk-taking behaviour of banks. In the other hand, bank risk-taking behaviour minimized by the existence of anti-corruption commission. In addition, this paper also finds that government intervention amplifies corruption’s effect on bank’s risk-taking behaviour because of strong signs of moral hazard and weaknesses in the governance and supervision.

scholarly journals Sekuritisasi China Fine Dust oleh Pemerintah Korea Selatan terhadap Tiongkok

2021 ◽  
Vol 2 (2) ◽  
pp. 111-141
Author(s):  
Eryolanda Putri Nabila
Keyword(s):  
South Korea ◽  
Analytical Framework ◽  
Political Agenda ◽  
Fine Dust ◽  
Literature Study ◽  
South Korean Government ◽  
The Public ◽  
South Korean ◽  
Political Management ◽  
The Impact

China Fine Dust issue has emerged in 2013 and increase in 2014 so that South Korea suffered from the impact. Meanwhile, China as a contributor of the haze refuses to take responsibility for tackling this issue, so that South Korea must securitize. This study aims to describe the process of securitization of China Fine Dust issue carried out by South Korea to China by using the concept of securitization by Barry Buzan as an analytical framework. The research method used is a qualitative method with a descriptive approach. The data used in this research was collected through literature study. The securitization process carried out by the South Korean Government against China began with South Korea carrying out a scientific agenda to identify a threat with China's initial involvement of 48%. Then political agenda, which are three points; influencing the public to gain support, forming a domestic emergency policy, holding a bilateral meeting to convince China to work together because domestic actions are not enough yet. The continuation of political management shows that the agenda of securitization carried out by South Korea made China accept the issue as a threat and agreed to cooperate in tackling the haze issue by releasing several projects.

scholarly journals Pemodelan Deteksi Krisis Keuangan di Indonesia Berdasarkan Indikator M2/Cadangan Devisa

2019 ◽  
Vol 16 (2) ◽  
pp. 98-103
Author(s):  
Aisyah Zahrotul Hidayah ◽  
Sugiyanto Sugiyanto ◽  
Isnandar Slamet
Keyword(s):  
Financial Crisis ◽  
Regime Switching ◽  
Structural Changes ◽  
Detection System ◽  
International Reserves ◽  
Markov Regime Switching ◽  
Volatility Models ◽  
Macroeconomic Indicators ◽  
Autoregressive Conditional Heteroscedasticity ◽  
Very High

The banking crisis reflects the liquidity crisis and bankruptcy of banks in the financial system. The financial crisis that occurred in mid-1997 resulted in a financial crisis that had a severe impact on the Indonesian economy. This made it aware of the importance of building a financial crisis early detection system to prepare for a crisis. The crisis occurs due to several macroeconomic indicators undergoing structural changes (regimes) and contain very high fluctuations. Combined volatility models and Markov regime switching are very suitable for explaining crises. The M2/international reserves indicator from 1990 to 2018 was used to build a crisis model. The results showed that the Markov regime switching autoregressive conditional heteroscedasticity model MRS-ARCH(2,1) could explain the crisis that occurred in mid-1997. Based on this model, in the future the crisis might occur if the M2/international reserves indicator decreased minimum of 13%

MODERNIZATION OF SOUTH KOREA: ORIGINS, ACHIEVEMENTS, AND THE EXPERIENCE FOR UKRAINE

2021 ◽  
Vol 2021 (9) ◽  
pp. 41-60
Author(s):  
Leonid KISTERSKY ◽  
◽  
VASYL MARMAZOV ◽  
Igor PILIAIEV ◽  
◽  
...  
Keyword(s):  
South Korea ◽  
World Order ◽  
Aviation Industry ◽  
Modern World ◽  
The South ◽  
Socially Responsible ◽  
South Korean ◽  
Bilateral Relations ◽  
Key Issues ◽  
The Republic

Considered the causes and results of the economic achievements of South Korea, which for one generation’s lifetime had managed to leapfrog from poverty to the top of the world’s advanced economies. Analyzed the similarity between the problems of the Republic of Korea, which has been at war with its northern neighbor for more than 70 years, and Ukraine since 2014, as both countries are at the epicenter of strategic conflicts in Eurasia, in which basic interests of world powers collide. Confucianism is analyzed as a model of social and personal relations that has absorbed the wisdom and experience of the millennia-old civilization, demonstrated its exceptional viability, capacity to dynamically modernize and creatively assimilate the achievements of other cultures and civilizations. There is a unique synthesis of values of the two most competitive systems of work ethic in the modern world – Confucianism and Protestantism, which ensured the phenomenal success of the South Korean modernization. It is argued that the very combination of strong socially responsible state, competitive structural democracy and social and labor ethics based on the amalgam of Confucian and Christian values gave effect to the “Miracle on the Han River.” It is shown that Ukraine and South Korea have a common position on the key issues of world order as well as promising bilateral relations, whereas the South Korean experience of economic modernization and development is of interest to Ukraine. Promising areas of Ukrainian-South Korean economic cooperation, such as electronics and IT technologies, renewable energy, aerospace and aviation industry, agriculture, pharmaceuticals, cosmetics, and healthcare are substantiated. Ukraine may benefit from the ROK’s positive experience in developing such areas as private entrepreneurship, small and medium business support, that would help practically solve the problem of microcredit and attract investment in the real sector of Ukraine's economy.

Weeping by the Water: Hydraulic Affects and Political Depression in South Korea after Sewol

2019 ◽  
pp. 110-125
Author(s):  
Dong Sung Kim
Keyword(s):  
South Korea ◽  
Korean Population ◽  
The South ◽  
Southwest Coast ◽  
South Korean ◽  
Water Hydraulic ◽  
Affective Impact

Sewol names both the senseless mass drowning of schoolchildren in a 2014 ferry disaster off the southwest coast of South Korea and its abiding affective impact on the South Korean population and diaspora. Anchoring itself in the tide of emotion washing from the broadcasted images of Pangmok Harbor where families and friends wept and awaited news of lost loved ones, but also reactivating the image from Psalm 137 of earlier weeping by another body of water (“By the rivers of Babylon we sat and wept when we remembered Zion…”), this essay explores the affective possibilities of water as an elemental archive or repository of emotion beyond the constricting confines of the national. The essay also argues that a generalized concept of affect will not suffice to do justice to Sewol. A Korean tragedy evokes a Korean affect, and that affect the essay locates in the Korean concept of Han.

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