Korean Economic Development and Growth

1. Korean Economic Development and Growth

2. ○ Vision And Objectives • Since adopting the First Five Year Economic Development plan in 1962, the Korean economy has grown rapidly until recently. • However, after the foreign currency crisis of 1997, many problems associated with the financial structure and regulations regarding corporations in Korea were exposed. During the recovery process, industrial organization and related regulations have seen much change. • The growth of the Korean economy and corporations, and their failure leave much to be researched if Korea’s economy is to grow reliably in the future. • To analyze the Korean economy, both macroscopic and microscopic research must be undertaken on both the economy and individual corporations. However, academic research in this area has been lacking.

3. ○ Vision And Objectives • To address this issue, this project will try to integrate models of economic and corporate growth that have been researched separately by economics departments and business schools. Our economics department and business school will systematically work together to build better theoretically models of economic and corporate growth. Subsequently, we will try to find ways to solve problems in Korean corporations and the economy in general. • Through this research, this project plans to promote Yonsei to be the first and the best in the world regarding theoretical groundings in development of the Korean economy and corporations.

4. ○ Organization and Participants Jay min Lee Economics Business Administration Sung keun Ha Young ryeol Park Eui soon Shin Dong jin Lee Hoon Hong Yong suhk Park Jung sik Kim Dong jae Kim Dong cheon Shin Sun ku Hahn Hee jin Lee Jun ho Hahm

5. ○ Research Fields Economic Growth Strategy and Structure Analysis Korean Economic Growth and Corporate Development Macroeconomic Policy and Financial Market Energy, SOC and Environmental System Analysis of International Trade and Finance Policy Multinational Corporation and Corporate Control System Distribution Structure and Policy Human Relations and Industrial Relations

6. ○ Activities and Outputs Presentation at & Participation in Renowned Foreign International Seminar Publishing Research Dissertation in renowned Journals Publishing at Foreign renowned Publishing company Korean Economic Development and Growth Cooperation between Foreign Research Association

7. ○ Activities and Outputs • Actively participate in international seminars, and systemize growth models of Korean corporations and economy. Especially establish an independent session on economic development and corporate growth, and present research papers here. • Publish papers about Korean economic development and corporate growth in Asian Economic Paper, Journal of Development Economics, International Economic Journal, Asian Business and Managent, etc., all published by the MIT Press.

8. ○ Activities and Outputs • Promote the project and the school’s reputation by publishing books on Korean economic development and corporate growth through renowned international publishers. • Establish a cooperation with foreign schools and research institutes researching Korean economic development and corporate growth, and host seminars with them. Also, through research personnel exchange, establish Yonsei as a central focus in the field of Korean economic development and corporate growth. We especially plan to internationalize the project by cooperative research with renowned foreign scholars.

9. ○ Contact Point ▪ Director : Jaymin Lee ▪ Address : School of Economics,134 Shinchon-Dong, Seodaemun-Gu, Seoul, Korea 120-749 ▪ Tel : (82-2) 2123 – 2478 ▪ Fax : (82-2) 365 - 4176 ▪ E-mail : leejm@yonsei.ac.kr