korean economy
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2021 ◽  
Vol 6 (02) ◽  
pp. 212-231
Author(s):  
Theofilus Jose Setiawan ◽  
Maria Sukmaniara ◽  
Jain Komboy ◽  
Darynaufal Mulyaman

The purpose of the paper is to analyze North Korea's efforts to obtain economic capital through the enrichment of nuclear weapons amid the various sanctions imposed on it. This paper uses a constructivism approach in accordance in term of give arguments regarding North Korea's struggle to gain economic capital is an all-out struggle. Since the communist regime took control of North Korea, North and South Korea have continued to conflict to this day. Supported by the Soviet Union and aided by China during the Cold War era, North Korea was still able to survive. However, after the collapse of the Soviet Union and China's lack initiatives from helping North Korea, the North Korean economy worsened. In this paper, we found that North Korea used its nuclear capability as a bargaining chip to get what it wanted, especially for economic reasons.


2021 ◽  
Vol 2 (2) ◽  
pp. 192-213
Author(s):  
Asinauli Tamba

In July 2016, South Korea agreed with its military alliance, the United States to install Terminal High Altitude Area Defense (THAAD) on its territory. This agreement is the embodiment of the interests of the two countries that were integrated. The United States's interests in spreading influence in the East Asian region and South Korea's interests in protecting the country from North Korea's nuclear test practices on the Korean Peninsula. But the THAAD installation was rejected by China, which considers the instrument as the trigger of tensions in the region and hampering China’s dominance. In expressing its disapproval, China imposed economic sanctions by boycott on South Korean-owned cultural industrial products, namely hallyu. In October 2017, South Korea approved China's request to change its THAAD policy through points listed in the Three NOs. The significant changes in South Korean foreign policy are questionable in this study. This study uses the theory of neorealism as a logical thinking and suggests that hallyu as the main reason for the political maneuvering chosen by South Korea as a boycott of China as the main market share of the hallyu has crippled the South Korean economy. South Korea chose a bandwagoning strategy in the midst of threats in order to be able to maintain the production and distribution of cultural products which are currently the main source of foreign exchange for the country. This research uses qualitative research methods with data collection by literature study.   Keywords: South Korea, China, United States, THAAD, Boycott, Cultural Industry, Hallyu.


Risks ◽  
2021 ◽  
Vol 9 (9) ◽  
pp. 159
Author(s):  
Sunghwa Park ◽  
Hyunsok Kim ◽  
Janghan Kwon ◽  
Taeil Kim

In this paper, we use a logit model to predict the probability of default for Korean shipping companies. We explore numerous financial ratios to find predictors of a shipping firm’s failure and construct four default prediction models. The results suggest that a model with industry specific indicators outperforms other models in predictive ability. This finding indicates that utilizing information about unique financial characteristics of the shipping industry may enhance the performance of default prediction models. Given the importance of the shipping industry in the Korean economy, this study can benefit both policymakers and market participants.


Sensors ◽  
2021 ◽  
Vol 21 (15) ◽  
pp. 5232
Author(s):  
Jin-Hyun Han ◽  
Kuk-Jin Kim ◽  
Hyun-Seok Joo ◽  
Young-Hyun Han ◽  
Young-Taeg Kim ◽  
...  

Sea fog is a natural phenomenon that reduces the visibility of manned vehicles and vessels that rely on the visual interpretation of traffic. Fog clearance, also known as fog dissipation, is a relatively under-researched area when compared with fog prediction. In this work, we first analyzed meteorological observations that relate to fog dissipation in Incheon port (one of the most important ports for the South Korean economy) and Haeundae beach (the most populated and famous resort beach near Busan port). Next, we modeled fog dissipation using two separate algorithms, classification and regression, and a model with nine machine learning and three deep learning techniques. In general, the applied methods demonstrated high prediction accuracy, with extra trees and recurrent neural nets performing best in the classification task and feed-forward neural nets in the regression task.


2021 ◽  
Vol 7 (1) ◽  
pp. 107-131
Author(s):  
Dok Hee Oh ◽  
◽  
Aliaksei Danilchanka ◽  
Boris Zhalezka ◽  
Volha Siniauskaya ◽  
...  

The article demonstrates the impact of digitalization on the political system and economy of the Republic of Korea based on the IT-revolution of the XXI century. Research methods used include comparative, system and logical data analysis, and the investigation of the digitalization trends. Data from Korean National Statistical Office and other official open sources are used for the determination of the main digitalization trends in the Korean economy. An analysis of specific phenomena arising in the economy and society as a whole is carried out under conditions of the digital economy. The evolution of the digitalization of hardware and software in the Republic of Korea is presented. The consequences of the transition of the economy from analogue to digital are revealed in such areas as the structure of the economy and business model, economic integration and liberalization, resource allocation and balanced development of regions, the role of government, and the intellectual property system.


2021 ◽  
Vol 14 (4) ◽  
pp. 154
Author(s):  
Willem Thorbecke

Rogoff predicted that the U.S. dollar will depreciate and that exchange rate volatility will return. The coronavirus crisis has also roiled the world economy. This paper investigates the exposure of French and Korean firm stock returns to exchange rate appreciations and the pandemic. Both France and Korea are major exporters, but Korea has managed the crisis better than France. The results indicate that Korean firms have come through the pandemic better than French firms. The findings also indicate that the Korean economy is less exposed to appreciations than the French economy. This paper concludes with suggestions to increase firms’ resilience to these shocks.


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