RESEARCH
Working Papers
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Globalization and Market Liberalization Policies: Appraisal and Challenges
The series of papers in this book aim to take an objective view of the criticisms of globalization and policies of market liberalization, correct any myths associated with them, and shed light on the implications of globalization ..
Jai-Won Ryou et al. Date 2005.12.30
Financial Liberalization, Free TradeDownloadContentSummaryThe series of papers in this book aim to take an objective view of the criticisms of globalization and policies of market liberalization, correct any myths associated with them, and shed light on the implications of globalization on the Korean economy. As a representative movement against anti-globalization, the post- Washington consensus emphasizes the role of government in responding to market failure. (The rest is omitted.) -
A Study on Anti-Money Laundering Measures for Professionals and Non-Financial Businesses in Korea
The FATF's Forty Recommendations, which have been endorsed by more than 130 countries, are widely accepted as the leading international anti-money laundering standards. The Recommendations recognize that certain types of non-finan..
Hyungdo Ahn et al. Date 2005.12.30
Financial PolicyDownloadContentSummaryThe FATF's Forty Recommendations, which have been endorsed by more than 130 countries, are widely accepted as the leading international anti-money laundering standards. The Recommendations recognize that certain types of non-financial businesses and professionals are vulnerable to money laundering, and ask countries to consider applying the Recommendations to the financial activities of non-financial businesses and professionals. FATF Typologies reports have regularly referred to the increasing role played by non-financial businesses and professionals in money laundering schemes in recent years. After introducing anti-money laundering laws in 2001, Korea have has taken steps to extend the reach and breadthwidth of anti-money laundering legislation and systems to increase its their effectiveness. Korea will introduce a Currency Transactions Report and enhance Customer Due Diligence for higher risk categories beginning Jan 1, 2006. (The rest is omitted.) -
An Analysis of the Economic Effects of Japan's Economic Sanctions Against North Korea
Discussions concerning the imposition of economic sanctions against the Democratic People's Republic of Korea (hereafter referred to as "North Korea") began after the Prime Minister Koizumi's first visit to Pyongyang on September ..
MIMURA Mitsuhiro Date 2005.12.30
North Korean EconomyDownloadContentSummaryDiscussions concerning the imposition of economic sanctions against the Democratic People's Republic of Korea (hereafter referred to as "North Korea") began after the Prime Minister Koizumi's first visit to Pyongyang on September 22, 2002. Chairman Kim Jong-Ilacknowledged that Japanese citizens had been abducted to North Korea and offered his apologies, stating that it was the work of persons affiliated with North Korea in the past. This turned what had previously been merely "suspected abductions" into real cases of abduction. (The rest is omitted.) -
Korea-Japan FTA and Future Agenda for Korea's Large Conglomerates
Multilateral trade negotiations have set the stage for world trade. However, we have also witnessed a sharp growth in bi-lateral trade negotiations even from countries engaged in multilateral trade negotiations. (The rest is omit..
Jang-Hee Yoo et al. Date 2005.12.30
Economic IntegrationDownloadContentSummaryMultilateral trade negotiations have set the stage for world trade. However, we have also witnessed a sharp growth in bi-lateral trade negotiations even from countries engaged in multilateral trade negotiations. (The rest is omitted.) -
The Impact of FDI from South Korea to China on Bilateral Trade
The purpose of this paper is to identify the major effects of South Korean FDI to China on their bilateral trade. The paper investigates the influence of South Korean companies investing in China for processing trade. South Korean..
Liu Xiangfeng Date 2005.12.30
Trade Structure, Overseas Direct InvestmentDownloadContentExecutive SummarySummaryThe purpose of this paper is to identify the major effects of South Korean FDI to China on their bilateral trade. The paper investigates the influence of South Korean companies investing in China for processing trade. South Korean FDI has positive effects on bilateral trade, especially on exports to China. Meanwhile, processing trade plays a significant role in bilateral trade, and has been chiefly responsible for China's trade deficit with South Korea. It is notable that Korean FDI in China is closely associated with export-oriented processing and assembly industries with labor-intensive characteristics. Now confronted with overall economic internationalization, making better use of foreign capital and optimizing the export structure is an urgent task for China. China should work to develop goods that have a competitive advantage, support top export enterprises and increase the export volume of machinery, electronics, and high-tech goods. The Chinese government should enthusiastically encourage Korean companies to invest in and build a foundation for the export of high-tech goods to achieve this. -
The Causes and Effects for Capital outflows in Korea
Global integration of capital markets, Korea's trade surplus, and continuous capital accumulation have raised the need for policy change to keep capital within the domestic market to allow for capital outflow into foreign market. ..
Deok Ryong Yoon et al. Date 2005.12.30
Financial Policy, Capital MarketDownloadContentSummaryGlobal integration of capital markets, Korea's trade surplus, and continuous capital accumulation have raised the need for policy change to keep capital within the domestic market to allow for capital outflow into foreign market. To meet this need, Korea has established a plan for capital liberalization and has implemented the plan continuously according to the given schedule. (The rest is omitted.) -
Gradual Strategy to Form a Northeast Asian Economic Community
Although Trade and investment among Northeast Asian countries have substantially increased since the 1990s, although there has not been any significant progress in terms of institutionalization of regional economic cooperation. On..
Chang Jae Lee et al. Date 2005.12.30
Economic Integration, Economic CooperationDownloadContentSummaryAlthough Trade and investment among Northeast Asian countries have substantially increased since the 1990s, although there has not been any significant progress in terms of institutionalization of regional economic cooperation. On the other hand, In spite of many discussions and institutional efforts to enhance cooperation in energy development, railway construction, and the environment, few tangible results have been realized. Another key characteristic of Northeast Asian economic cooperation can be found in its international political constraints. Political tension among Northeast Asian countries, partly due to historical matters, has been exacerbated recently. (The rest is omitted.) -
The Evolution of ASEAN Plus Three Framework and Its Future Challenges
There has been a growing trend toward regionalism in East Asia since the 1997 financial crisis. In addition, increasing regionalism elsewhere has made it necessary for East Asia to focus more on securing common regional interests ..
Yul Kwon et al. Date 2005.12.30
Economic Reform, Economic IntegrationDownloadContent내용없음SummaryThere has been a growing trend toward regionalism in East Asia since the 1997 financial crisis. In addition, increasing regionalism elsewhere has made it necessary for East Asia to focus more on securing common regional interests in the multilateral trading arena. This trend toward East Asian economic integration has been accelerating under the ASEAN Plus Three (APT) framework. (The rest is omitted.) -
The Increase of North Korea's Economic Dependence on China and Its Implications of South Korea
North Korea has remarkably increased the economic dependence on China because Soviet Union was broken down and Western countries have taken economic sanctions against North Korea. (The rest is omitted.)
Myung-Chul Cho et al. Date 2005.12.30
North Korean EconomyDownloadContent추후작성SummaryNorth Korea has remarkably increased the economic dependence on China because Soviet Union was broken down and Western countries have taken economic sanctions against North Korea. (The rest is omitted.) -
Rationale for a China-Japan-Korea FTA and Its Impact on the Korean Economy
This volume summarizes the results of a series of cooperative research efforts on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research..
Chang Jae Lee et al. Date 2005.12.30
Economic Integration, Economic CooperationDownloadContentForeword
Preface
Abstract
I. Introduction
II. Need for a CJK FTA
1. Economic Benefits of a CJK FTA
2. Effective Response to Regionalism
3. Need for a CJK FTA: Alternative Thinking
III. Macroeconomic Effects of a CJK FTA
1. CGE model
2. Distinctions from Preceding Studies
3. Structure of the CGE model
4. Scenarios of CJK FTA
5. Outcome of the Analysis
IV. Effects on the Manufacturing Sector
1. Features of the Manufacturing Sector and the Selection of Sensitive Products
2. Electronics Industry
3. Automobile Industry
4. General Machinery Industry
5. Textile Industry
6. Steel Industry
7. Petrochemical Industry
V. Effects on Agriculture and Fisheries
1. Competitiveness of Major Agriculture Products
2. Effects of Agriculture Opening by a CJK FTA
3. Trade Specialization of Major Fishery Products
4. Effects of a CJK FTA in the Fishery Sector
VI. Implications for the Service Sector
1. Concept and Significance of Service
2. Classification of Service and International Trade
3. Growing Importance of the Service Sector in the Korean, Chinese, and
Japanese Economies
4. International Status of the Service Sectors in Korea, China, and Japan
5. Comparison of Competitiveness of the Service Sector of Korea, China, and
Japan
6. Sensitive Service Sectors of Korea, China, and Japan
7. Direction for the Service Sectors in a CJK FTA
Appendix
References
Contributing AuthorsSummaryThis volume summarizes the results of a series of cooperative research efforts on 'The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,' undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences in 2005. (The rest is omitted.)