Maeil Business Daily newspaper has provided financial supports for the KAEA every year for many years. They asked us to survey KAEA members' opinion about several issues. The survey contains only 16 multiple choice questions, and the result will be published by the newspaper in March, 2003. I strongly urge you to take just a few minutes to fill out the survey and send it by February 10 to the Treasurer: Professor Sei-Wan Kim, skim@Exchange.FULLERTON.EDU. Please click on Survey Form to get the questionnaire in MS Word file format.

Thank you for your support.

Academic Sessions - The KAEA annual meeting was successfully held on January 3-5, 2002 in Washingtonm D.C. at the ASSA conventions. Twelve papers were presented in three academic sessions, including a joint session with American Economic Association on the "Issues in the Implementation of Structural Reforms in East Asia". We wish to extend warm appreciations to all participants, the members of the program committee, paper presenters, chairs, panel discussion participants, and discussants for the successful meetings.

Round Table Discussion - The 18th annual business meeting started with a round table discussion with invited speakers, Dr. Choong Young Ahn (President, KIEP)and Dr. Choong Soo Kim (President, KDI). They talked about the broad issues facing the Korean economy such as Regional Cooperation in East Asia and economic restructuring since the 1997 financial crisis.

Annual Business Meeting

- President Yang gave a short speach about the outstanding efforts of the executive committee members in organizing conferences and fund raising. Secretary General Yoonbai Kim presented a summary report on the conferences, in particular, the dificulty in the selection of papers to be presented at the annual meeting. Treasurer Soyoung Kim reported the income and expenditures in 2003, and a sizable amount of surplus forwarded to the next year.

- Youn-Suk Kim, the chair of Ad Hoc Committee, reported the Committee's recomendation on the amendment of the ByLaws. After a brief discussion, the amendment passed with 25 members voting in favor of and 4 members against the amendment.

- The new President Bong-Soo Lee introduced the new executive committee members and presented plaques to the former executive committee members in appreication of their contributions to the KAEA.

Dinner Reception

After the business meeting, all members were invited to the Han Sung Oak Restaurant for dinner reception. It was quite a memorable event. Because of the travel agency's error in the arrangement of bus tranportation, the members had to squeeze into several taxi cabs and arrived at the restaurant quite late. The second president of the KAEA, Dr. Jang Hee Yoo, delievered a short speech, and all members lined up for a late buffet dinner.

After the dinner, Dr. Semoon Chang opened the floor for karaoke singing. No one would have expected the stage manner and karaoke skills of our senior members. (Junior members, be warned! Work hard and play harder!)   Choong Young Ahn, Jang Hee Yoo, Jay Min Lee, and Sunwoong Kim and his wife showed their magnificient singing ability. We only wished that we had more time at the dinner for more songs and perhaps dances. The bus has finally arrived at 10 p.m., all members went back to their hotels.

Some members had to pay for the taxi from the hotel to the restaurant out of their own pockets. If you had not been reimbursed at the meeting, please send your request (include the receipt if you have one) to the treasurer

The amendment of the Bylaws that has passed at the last annual meeting creates an Advisory Board and the KAEA Research Institute. The Advisory Board shall advise the Executive Committee in planning and executing midterm to long-term projects of the Association, in soliciting financial support for the Association, in preparing for grant proposals to funding organizations, and in other matters that are pertinent to the objectives of the Association. Please see Article X in the ByLaws.

Two ex-officio Board members for 2003 are the incumbent president, Bong-Soo Lee, and the last year's president, Yung Yong Yang. Three at-large Board members for 2003 are nominated by the incumbent president in staggered terms of one to three years. Their names are

As announced in the September, 2002 Newletter, the KAEA invites manuscripts for joint conferences with KMFA, KLI and KDI. The deadlines for submission of papers are

The 2004 convention of the Allied Social Science Association will be held in San Diego, California, January 3-5, 2004. KAEA will sponsor three sessions at this annual convention including one joint session with American Economic Association. KAEA members are invited to submit papers for presentation. Both empirical and theoretical papers in a broad range of topics are welcome. The KAEA is particularly interested in papers that address issues relating to Korean economy and East Asian economy.

Guidelines for paper submission: Completed papers (abstract only will not be considered) should be submitted through e-mail by April 15 to the Vice President of the KAEA:

The cover page of the paper should include name, affiliation, e-mail and postal addresses, phone number, and JEL code. Please state at the top of the cover letter the name of the conference you are submitting the paper: the 2004 ASSA meeting.

Only those who have paid KAEA membership fees for both 2002 and 2003 will be considered. The membership dues should be sent to the Treasurer of the KAEA:

The annual meeting of the Southern Economic Association will be held in San Antonio, Texas at the San Antonio Marriott Rivercenter Hotel, November 21-23, 2003 (Friday to Sunday). The Korea-America Economic Association (KAEA) will sponsor two or three sessions at this meeting, and KAEA members are invited to submit papers/proposals for presentation. A wide range of topics, both empirical and theoretical, are welcome which do not have to be related to Korea.

Please send a completed paper or a one page abstract in duplicate, with a cover sheet containing the author's name, address, professional affiliation, phone number, and e-mail address, to:

Also indicate whether you would be willing to serve as a discussant if your paper is accepted for presentation.

Submissions must be received by May 20, 2003, and authors of selected papers will be noticed by May 30, 2003.

Dr. Bong Joon Yoon, Editor of the Journal of Economic Development, sent the following invitation for submission of papers from the members of the KAEA to the Journal.

The number of due-paying members is important for the continued recognition from ASSA. We had only three sessions this year in Washington, DC, meetings, down from four last year. As the smallest organization within the ASSA, we rely on your support. Please note that those who wish to participate in any KAEA-sponsored events must pay membership dues for the current year and the last year to qualify.

Please send your membership due for 2003 to KAEA treasurer: