Lee Hwa-ryeongSeptember 27, 2022

As raw material prices soar, the delivery unit price linkage system has been piloted since September! The purpose is to lower the price burden of raw materials for SMEs and to protect. profits, is there any side effects?

KIM MinhoFebruary 28, 2022

Government support programs for small and medium enterprises (SMEs) and regulations for large firms are all size-dependent policies. The purpose of this study is to evaluate the effectiveness of the SME definition and the small-scale reservation policy on SMEs‘ performance. This study intends to provide policy implications when designing the criteria for the SME support policy.

HWANG SunjooAugust 29, 2022

Even with weak legislative support, the digital economy is gaining momentum, propelled by the recent progress in contactless financial services and digital finance’s growing convergence with other sectors. Key point of the amendment is opening up payment services to non-banking financial institutions, such as tech firms (big tech) and credit card firms.

Yang Yong-hyun, Lee Hwa-ryeongAugust 12, 2021

In June 2021, an anti-trust bill was proposed in the U.S. targeting Google, Amazon, Facebook, and Apple! It can be seen as a measure to prevent four companies, also called Big Tech, from monopolizing the U.S. economy. Should Korea also regulate large platform companies?

LEE GongMarch 31, 2021

This study analyzes the impact of food delivery service platforms on the restaurant market in South Korea. The appearance of a delivery app leads to many changes in the food service industry. Using monthly sales panel data of restaurants nationwide in 2020 provided by a credit card company, this study examines the revenue growth of restaurants which use a delivery platform. It also relates to sales redistribution among restaurants that use a delivery platform.

LEE JinkookMarch 03, 2021

In their transaction with retailers, suppliers tend to earn less as the share of purchases under special contract grows. This is due not only to the high sales fees (commission) and frequent unfair practices but also, more fundamentally, to the blatant imbalance in bargaining power.

LEE JinkookDecember 31, 2020

Self-employment plays an important role as the foundation of our economy and as an economic and social safety net. However, profitability declines and business difficulties are continuing, and as the recent Covid-19 pandemic has prolonged, a large number of business closures have occurred.

PARK WooramDecember 31, 2020

This study examines the impact of labor regulations on the human resource management practices of establishments through the introduction of the Non-Regular Worker Protection Law. Human resource management is one of the key factors that determine the performance of an establishment, and therefore, evaluating the impact of the labor policy on management practices will yield important policy implications.

Rhee KeeyoungDecember 31, 2020

This paper analyzes how the size of firms, unrelated to inherent credit risks, influences firms’ access to capital markets. Specifically, we theoretically and empirically whether credit rating agencies (CRAs) unduly give favors to large-sized companies and conglomerates than small and mid-sized companies when CRAs evaluate default risks of these companies on their debts.

CHO Sung IckNovember 30, 2020

This research studies a competitive bottleneck market. Reviewing the exiting literature, I try to enhance our understanding of the competitive bottleneck market, and discuss policy intervention tools based on the understanding.

HWANG SunjooAugust 05, 2020

Concerns prevail that a policy rate cut could weaken bank profitability and trigger financial instability. However, banks can sustain relatively high net interest margins with little fluctuation despite a rate cut owing to their dominant position in the deposit market and ability to adjust loan maturity.

Kim Young IlJuly 16, 2020

In the wake of an unprecedented health crisis, households who lack liquid assets that could tackle their growing deficit (=income-expenditure) will endure severe financial difficulties.