The Effects of Tax Penalty on Retained Earnings: Evidence from Quasi-Natural Experiment in South Korea

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Yiseul Byun ◽  
Ki Beom Binh ◽  
Seokjin Woo
Keyword(s):  
Experimental Design ◽  
South Korea ◽  
Natural Experiment ◽  
Experiment Design ◽  
Modest Increase ◽  
Korean Government ◽  
Managerial Decisions ◽  
Wage Payment ◽  
Retained Earnings

Abstract This paper evaluated how the tax penalty, corporate income feedback tax (CIFT), on retained earnings affected firms’ managerial decisions in South Korea. We focused on how the firms allocated the retained earnings to minimize the additional tax liability. We employed a quasi-natural experiment design resulting from the enactment of the CIFT in 2015 to identify how the tax penalty on earning retention affected investment, dividend, and employment. We took advantage of the eligibility condition of the CIFT to construct a quasi-natural experimental design. Our estimation results show that most firms subject to the CIFT paid out dividends to equity holders to avoid additional tax liabilities despite of modest increase of investment. They did not change wages much. Rather, they decreased wage payment. In sum, the CIFT was not as successful as Korean government wished.

Digital / Humanities: New Media and Old Ways in South Korea

2015 ◽  
Vol 2 (1-2) ◽  
pp. 127-148 ◽  
Author(s):  
Javier> Cha
Keyword(s):  
New Media ◽  
South Korea ◽  
Digital Humanities ◽  
Business Leaders ◽  
Online Resources ◽  
Korean Government ◽  
The Government ◽  
Post Industrial ◽  
Digital Or

This article outlines the background to the divide between ‘the digital’ and ‘the humanities’ in contemporary South Korea. Since the late 1990s, the government of South Korea has made concerted efforts to digitize information, resulting in increased access to an unusually high quantity of heritage sources. However, the massive investments in the building of online resources have not inspired a ‘digital turn’ in the mainstream of South Korea’s departments in the humanities. This indifference to ‘the digital’, or what might be called a ‘digital/humanities divide’ has a history going back to the 1980s, when the Korean government and business leaders prepared for a post-industrial transition without drawing the interest of humanists and without expecting the nation’s remarkable success inict.

Corruption control and prevention in the Korean government

2018 ◽  
Vol 7 (3) ◽  
pp. 303-314 ◽  
Author(s):  
Jin-Wook Choi
Keyword(s):  
South Korea ◽  
Qualitative Analysis ◽  
Design Methodology ◽  
Institution Building ◽  
Content Type ◽  
Korean Government ◽  
Policies And Measures ◽  
Control And Prevention ◽  
High Level ◽  
Over Time

Purpose The purpose of this paper is to examine how corruption has changed over time in South Korea and to explore how the corruption control and prevention efforts of the Korean government have been successful and failed. Design/methodology/approach This paper draws on institutional theory to formulate a qualitative analysis to assess the effectiveness of anti-corruption policies and measures, and to identify the strengths and weaknesses of anti-corruption reform efforts in South Korea. Findings This paper argues that while the Korean government has been quite successful in building anti-corruption institutions to control low-level petty corruption, it has failed to institutionalize anti-corruption institutions to curb high-level grand corruption. Originality/value While many studies have attempted to identify the successful factors of fighting corruption, this paper draws a theoretical distinction between institution-building vs institutionalization to examine the success and failure of corruption control and prevention efforts in South Korea.

Quality as a reflection of innovation? Quality management in the Korean government

2009 ◽  
Vol 75 (3) ◽  
pp. 419-435 ◽  
Author(s):  
Pan Suk Kim
Keyword(s):  
Quality Management ◽  
South Korea ◽  
Continuous Improvement ◽  
Public Management ◽  
Government Reform ◽  
Korean Government ◽  
Conceptual Changes ◽  
Long Time ◽  
Private And Public

Quality management generally implies all the activities that are intended to bring about the desired level of quality. In order to improve the quality of a product or service in both private and public sectors, quality management has been exercised for a long time and broadly applied in various organizations. As many new buzz words emerge in both business and public management, however, it seems that its popularity has declined. Is quality management dead? Not really. Quality is a fundamental ingredient in innovation so it must not be disregarded, although there might be fluctuations in its popularity. This study reviews the developmental status of quality management in South Korea by looking at its status and conceptual changes from historical and comparative perspectives. Historically, quality management in modern Korea was influenced by Japanese and American practices. In a comparative perspective, however, European influence on quality management was not salient in Korea. Points for practitioners More buzz words or fads will be generated by issue entrepreneurs and business consultants. However, quality management will not fade away. Continuous improvement is an endless open-ended journey, as is quality management. It is fair to say that the need for government reform and innovation will never be exhausted. Therefore, the importance of quality management will be a continuing reality in the future, perhaps with some adjustment of its rhetoric or riding on an irresistible wave of reform for adaptation. Quality has been reflected through innovation, and vice versa.

scholarly journals COVID-19 in South Korea: The Need for Preemptive Tests from the Perspective of Asymptomatic Infections

2021 ◽  
Author(s):  
Insuk Sim ◽  
Yun-Jung Kang ◽  
Hye Jeong Kim
Keyword(s):  
Severe Acute Respiratory Syndrome ◽  
South Korea ◽  
Clinical Characteristics ◽  
Asymptomatic Infection ◽  
Social Distancing ◽  
Korean Government ◽  
First Case ◽  
Asymptomatic Patients ◽  
The Social ◽  
Asymptomatic Infections

The first case of coronavirus disease reported in South Korea was a person infected with severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), who entered South Korea from China on January 20, 2020. In the Capital, the Korean government applied the social distancing policy at level 2.5 for 8 days from August 30 to September 6, 2020. The Central Disease Relief Center explained that the reason the number of newly confirmed cases per day did not fall below 100 was because the infection spread nationwide through sporadic mass infections or asymptomatic patients. Asymptomatic infection with SARS-CoV-2 is a subject of constant controversies, as asymptomatic patients can infect other people while not showing any symptoms themselves. Their atypical clinical characteristics in the early stages of the disease make prevention more difficult. Additional studies on the infecting power of SARS-CoV-2 in asymptomatic cases are needed. Nonetheless, such probabilities should be taken into consideration and we should remain vigilant.

scholarly journals Promoting physical distancing during COVID-19: a systematic approach to compare behavioral interventions

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Tessa F. Blanken ◽  
Charlotte C. Tanis ◽  
Floor H. Nauta ◽  
Fabian Dablander ◽  
Bonne J. H. Zijlstra ◽  
...  
Keyword(s):  
Experimental Design ◽  
Behavioral Interventions ◽  
Large Scale ◽  
Natural Experiment ◽  
Systematic Approach ◽  
Scientific Research ◽  
Contact Network ◽  
Virus Spread ◽  
Immediate Feedback ◽  
Network Modelling

AbstractIn the wake of the COVID-19 pandemic, physical distancing behavior turned out to be key to mitigating the virus spread. Therefore, it is crucial that we understand how we can successfully alter our behavior and promote physical distancing. We present a framework to systematically assess the effectiveness of behavioral interventions to stimulate physical distancing. In addition, we demonstrate the feasibility of this framework in a large-scale natural experiment (N = 639) conducted during an art fair. In an experimental design, we varied interventions to evaluate the effect of face masks, walking directions, and immediate feedback on visitors’ contacts. We represent visitors as nodes, and their contacts as links in a contact network. Subsequently, we used network modelling to test for differences in these contact networks. We find no evidence that face masks influence physical distancing, while unidirectional walking directions and buzzer feedback do positively impact physical distancing. This study offers a feasible way to optimize physical distancing interventions through scientific research. As such, the presented framework provides society with the means to directly evaluate interventions, so that policy can be based on evidence rather than conjecture.

scholarly journals Effective Control of COVID-19 in South Korea: Cross-Sectional Study of Epidemiological Data

10.2196/22103 ◽  
2020 ◽  
Vol 22 (12) ◽  
pp. e22103
Author(s):  
Gwang Hun Jeong ◽  
Hyo Jeong Lee ◽  
Jinhee Lee ◽  
Jun Young Lee ◽  
Keum Hwa Lee ◽  
...  
Keyword(s):  
South Korea ◽  
Health Care Providers ◽  
Epidemiological Data ◽  
Cross Sectional Study ◽  
Effective Control ◽  
Care Providers ◽  
Sectional Study ◽  
Cross Sectional ◽  
Korean Government ◽  
Epidemiological Characteristics

Background South Korea is one of the few countries that has succeeded in flattening the curve of new COVID-19 cases and avoiding a second outbreak by implementing multiple strategies, ranging from an individual level to the population level. Objective We aim to discuss the unique strategies and epidemiological characteristics of COVID-19 in South Korea and present a summary of policies implemented by the Korean government during the COVID-19 pandemic. Methods We designed a cross-sectional study of epidemiological data published by the Korea Centers for Disease Control and Prevention on October 1, 2020. We analyzed detailed epidemiological information of COVID-19 cases, including the number of confirmed cases and resulting deaths. Results As of October 1, 2020, a total of 23,889 confirmed COVID-19 cases and 415 deaths were reported in South Korea. In this paper, we present data on the epidemiological characteristics and transmission of the disease and discuss how the South Korean government, health care providers, and society responded to the COVID-19 outbreak. Conclusions Understanding the epidemiological characteristics of COVID-19 in South Korea and the government’s successful efforts in managing the spread of the disease can provide important insights to other countries dealing with the ongoing pandemic.

Face Mask Policies in South Korea in Response to COVID-19

2020 ◽  
Vol 32 (8) ◽  
pp. 497-499
Author(s):  
Seungwon Yu ◽  
Suhee Kim ◽  
Junmo Kang
Keyword(s):  
Public Health ◽  
South Korea ◽  
Participant Observation ◽  
Face Mask ◽  
Specific Policy ◽  
Korean Government ◽  
The World ◽  
Emergency Stabilization ◽  
The Face ◽  
Stabilization Policies

All over the world, the critical shortage of face masks has been evident during the COVID-19 outbreak. No specific policy to solve the shortage has been shared among public health scholars and practitioners. Recently, the Korean government implemented noteworthy policies to stabilize the face mask market. This article examines the three government initiatives (Emergency Stabilization Policies) using participant observation, and what the effects of the Emergency Stabilization Policies are.

The Koreanization of the Australian Sex Industry: A Policy and Legislative Challenge

2011 ◽  
Vol 26 (3) ◽  
pp. 13-36
Author(s):  
Norma Caroine
Keyword(s):  
Human Rights ◽  
South Korea ◽  
Sex Trafficking ◽  
Sex Industry ◽  
Australian Government ◽  
South Korean Government ◽  
South Korean ◽  
Korean Government ◽  
Operating Environments ◽  
The Us

South Korea enacted Legislation in 2004 that penalizes pimps, traffickers, and sex industry customers while decriminalizing people in prostitution and offering assistance to leave the sex industry. In contrast, Australia Legally recognizes most sex industry activities. This article argues that Australia`s Laissezfaire approach to the sex industry hampers South Korean government efforts to prevent the crime of sex trafficking. Since 2004, pimps and traffickers have moved their activities from South Korea to countries like Australia and the US that maintain relatively hospitable operating environments for the sex industry. The Australian government should reconsider its approach to prostitution on the basis of its diplomatic obligations to countries Like South Korea and the need to uphold the human rights of women in Asia who are being trafficked and murdered as a result of sexual demand emanating from Australia. Australia should coordinate its policy on prostitution with South Korea to strengthen the region`s transnational anti-trafficking response.

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