February, 1999

 Prof. Semoon Chang (Univ. of South Alabama) has served as the president of the Association for University Business and Economic Research, 1998-99, and as a member of the board of directors of Homeless Coalition of Mobile since 1996.

 Dr. Gill-Chin Lim, took the position of the Dean and the Distinguished Institute Professor at the KDI School of International Policy and Management beginning July 1998. The newly established KDI School is an independent graduate school under the auspices of Korea Development Institute to educate future leaders in public and private sectors. Currently the school has 111 students from 11 countries in the following four fields: International Economic Policy, International Relations, Strategy and International Management, and Growth and Development. Dr. Lim says that

For more information, please check out their homepage: http://www.kdischool.ac.kr

 Prof. Young Back Choi (St. John's Univ.) was a Visiting Scholar, Max-Planck-Institut, Germany, June 1998 and a Visiting Scholar, Social Philosophy and Policy Center, Bowling Green State University, Fall 1998.

 Prof. Sun Myung Kahng (Univ. of Minnesota - Morris) has been an active member from the beginning of the KAEA. He unexpectedly passed away on April 5, 1999. We collected eulogies (see above) for Dr. Kahng from fellow members. The KAEA sent a flower arrangement to Mrs. Kahng. You may send your condolence directly to his wife and son at

• Mrs. Patricia O. Kahng, 6 Highland Drive, Morris, MN 56267, Phone 320/589-2799
  
• Mr. Robert E. Kahng, e-mail address: bob.kahng@walgreens.com

 Prof. Youn-Suk Kim (Kean Univ.) will be a visiting professor at the Graduate School of International and Area Studies, Hankuk University of Foreign Studies, Spring 1999.

 Prof. Bun-Song Lee (City Univ of Seoul), formerly of Univ of Nebraska-Omaha, recently finished a paper, "Determinants of Commuting Time and Distance for Seoul Residents", based on 1990 and 1995 Korean Census data. He is also studying, among other things, the determinants of inferior housing among Seoul residents. Prof. Lee believes that the detailed data (no income data, however), would be of interest to many researchers in the areas of population studies, labor market studies, regional and urban economics, etc. Those who are interested, please contact Prof. Bun-Song Lee, Division of Economics, University of Seoul, 90 Jeonong-dong, Dongdaemoon-ku, Seoul 130-743 Korea. Tel: 822-2210-2740 (o), Fax: 822-2215-2719, e-mail: bslee@uoscc.uos.ac.ke.

Publications

 Semoon Chang and Youn-Suk Kim, "Inter-Korean Business Economics," Asian Profile, 26 (June 1998), 207-214.

 Young Back Choi, "On Financial Crisis in Korea" Korea Observer, Autumn 1998: 485-509.

 Young Back Choi, "On the Rich Getting Richer and the Poor Getting Poorer", Kyklos (forthcoming 1999)

 Young Back Choi, "Conventions and Economic Change", Constitutional Political Economy (forthcoming 1999)

 E. Han Kim, "Globalization of Capital Markets and the Asian Financial Crisis" J. of Applied Corporate Finance, Fall 1998: 30-39.

 Youn-Suk Kim and Hyon-Keun Koo, "Asia's Contagious Financial Crisis and Its Impact on Korea" J of Asian Economics (forthcoming 1999).

 Youn-Suk Kim and Y. Jung, "Innovation with Imported Technology in a Dynamic Global Economy: the Case of Korean Industry" Human Systems Management (forthcoming 1999)

 Youn-Suk Kim, "The Korea's Financial and Industrial Crisis: Causes and Implications" Korea Observer, Autumn 1998: 511-534.

 Bong Soo Lee, "Permanent, Temporary, and Nonfundamental Components of Stock Prices" J. of Financial and Quantitative Analysis, March 1998: 1-31.

 Bong Soo Lee, "The Dynamic Effects of Permanent and Temporary Labor Income on Consumption" (with B. Falk) J. of Monetary Economics, 1998: 371-387.

 Bong Soo Lee, "Fundamental and Nonfundamental Components in Stock Prices of Pacific-Rim Countries" (with H.T. Chung) Pacific-Basin Financial Journals, 1998: 321-346.

 Bong Soo Lee, "Fads versus Fundamentals in Farmland Prices" (with B. Falk) American J. of Agricultural Economics, 1998: 696-707.

 Bong Soo Lee, "Stock Returns and Inflation with Supply and Demand Shocks" (with P. Hess) Review of Financial Studies (forthcoming 1999).

 Yung Y. Yang , "The Pricing Behavior of Korean Manufactured Goods During Trade Liberalization", J. of Policy Modeling (forthcoming).

June, 1999

KAHNG, Sun Myung; Professor, Department of Economics, University of Minnesota, Morris, MN, 56267; Ph.D., Indiana University; paid-member 1998. See the eulogies posted above. The KAEA sent a flower arrangement to Mrs. Patricia Kahng on behalf of the members.

Jang-Hee Yoo, who is the dean of the Graduate School of International Studies at the Ewha Womans University, has just published a book titled "Real Success, Financial Fall: A Reassessment of the Korean Dynamism." Professor Yoo was the KAEA's president in 1986, and made significant contributions in the early years of the Association. Professor Yoo offers in the book various new policy measures that Korea needs to consider in order to strengthen its position in the growing global village. Anyone interested in purchasing a copy needs to contact the Ewha Womans University Press at 82-2-3277-3164.

Dr. Yoo would like to receive applications for their master's program in International Business from the daughters of the KAEA members who are graduating and consider working in the fields of international business. Dr. Yoo's e-mail address is: jhy@mm.ewha.ac.kr, and his direct fax number is 822-365-0942 in Seoul. Please contact Dr. Yoo directly if any one is interested.

Youn-Suk Kim (Kean Univ.) completed his two-year term of President, the Korean-American University Professors Associaitoin, 1997-1998.

Suk H. Kim (Univ. of Detroit Mercy) is the editor of Multinational Business Review. Interested parties should send their manuscript to Suk H. Kim, Editor, Multinational Business Review, University of Detroit Mercy, P.O. Box 19900, Detroit, MI 48219-0900, USA. e-mail: kimsuk@udmercy.edu. Submission fee is $20.00 for the subscriber and $40.00 for the non-subscriber.

J. Jay Choi calls for papers on Asian financial crisis. He serves as the Series Editor for the International Finance Review. The first volume, "Global Risk, Emerging Markets, and International Investment," will be published by JAI Press/Elsevier, and contains high quality original articles concerning thecauses, consequences and lessons of the recent Asian financial crisis.

Theoretical, empirical or institutional papers on issues pertaining to both domestic and international dimensions of the crisis are welcome, as are the papers that critically evaluate the Asian financial crisis in line of similar experiences in other regions.

Completed papers, in triplicate, should be submitted to (sorry, no on-line submissions will be accepted) to J. Jay Choi at the address in the directory.

Separate volumes are planned on global financial markets: risk, crisis and contagion (Vol. 2) and Korean industries and financial markets (Vol. 3). The Series will publish theme-oriented annual volumes on global risk management, emerging markets, international finance and investment, international capital markets, and other related issues. Country or region-specific volumes may also be considered. Those interested in editing a volume are invited to contact Dr.Choi.

Publications

Young Back Choi, "Conventions and Learning: A Perspective on the Market Process" in Economic Organization and Economic Knowledge: Essays in Honor of Brian Loasby, edited by P. Earl and S. Dow, Edward Elgar, (forthcoming 1999): 58-76.

Young Back Choi, "Conventions" in The Elgar Companion to Consumer Research and Economic Psychology, edited by P. Earl and S. Kemp, Edward Elgar, 1999: 134-138.

Young Back Choi, "On the Rich Getting Richer and the Poor Getting Poorer" KYKLOS, 52 (2), 1999: 239-258.

September, 1999

Suk H. Kim (Univ. of Detroit Mercy) is the editor of Multinational Business Review. Interested parties should send their manuscript to Suk H. Kim, Editor, Multinational Business Review, University of Detroit Mercy, P.O. Box 19900, Detroit, MI 48219-0900, USA. e-mail: kimsuk@udmercy.edu. Submission fee is $20.00 for the subscriber and $40.00 for the non-subscriber.

C. S. Pyun (University of Memphis) has been selected as the 1999 recipient of the University Teaching Excellence Fellowship Award, that carrys extra stipend of $10,000 a year for three years. I am expected to redesign and improve the instruction of the introductory finance course with Internet interactive resources and technology.

November, 1999

Kyung Hwan Baik (Sung Kyun Kwan University) was promoted to the rank of full professor on October 1, 1999.

Kwan S. Kim (University of Notre Dame), received a "Distinguished Fellow " award during the plenary session of the Fifth World Congress of the International Society for Intercommunication of New Ideas in Mexico City, August 20, 1999. The award has been given bi-annually in recognition of the contribution to the advancement of new ideas in the economic science and humanities. He was also an invited panel member during the US-Libya Conference on Economic and Business Relations held in Maastricht, Netherlands, April 9, 1999.

Bong-Soo Lee, (Univ of Houston) has been promoted to the rank of full professor.

Publications

Kwan S. Kim, Growth, Distribution and Political Change- Asia and the Wider World. ed. w Ryoshin Minami & Malcolm Falkus, 1999. London: Macmillan Press Ltd, and New York: St. Martin's Press Ltd.

Kwan S. Kim, "The Political Economy of Income Inequality in the United States," in R. Minami, K.S. Kim, & M. Falkus eds. Growth, Distribution and Political Change - Asia and the Wider World. ( London: Macmillan and New York: St. Martin's, 1999).209-231.

Ryoshin Minami and Kwan S. Kim, "The Search for the Relationships: Themes and Challenges," in Minami, Kim, & Falkus eds. Growth, Distribution and Political Change - Asia and the Wider World. ( London: Macmillan and New York: St. Martin's, 1999).3-19.

Kwan S. Kim, "Economic Crisis, Reform, and Governance for a Developing Open Economy: Case of South

Korea," in E.Ortiz & A. Cabello ed. Economic Issues and Globalization: Theory and Evidence, Mexico City: UNAM Press, 1999. 59-69.

Buchanan, James M. and Yong J. Yoon, "Symmetric Tragedies: Commons and Anti-commons", Journal of Law and Economics, (forthcoming, April 2000.)

Youn-Suk Kim and Hyon-Keun Koo, "Asia's Contagious Financial Crisis and Its Impact on Korea" J of Asian Economics. (1999), 111-121.

Youn-Suk Kim and Yongseung Jung, "Innovation with imported technology in a dynamic global economy: the case of Korean industry", Human Systems Management 17, 1998: 257-265.

Youn-Suk Kim and Hyung Keun Koo, "The Korean Crisis--A Year After", Korea Observer, 30 (3), 1999: 397-410.

Kyu Sik Lee, et al , "Costs of Infrastructure Deficiencies for Manufacturing in Nigerian, Indonesian and Thai Cities," Urban Studies, Vol.36 (12): 2135-2149 (November, 1999).