Professor Semoon Chang organized two academic sessions for the KAEA at the Southern Economic Association meeting in Washington DC. Mr. Lister of KEI is planning a special gathering at KEI during the meeting. Please contact Professor Chang at schang@usouthal.edu for more details.

You can see the program in pdf format by clicking on KAEA PROGRAM.

The 2009 convention of the Applied Social Science Association will be held in San Francisco, CA, January 3-5, 2009. The KAEA will sponsor three sessions at this annual convention including one joint session with AEA. This joint session is already organized with invited papers and submitted to the AEA office. KAEA members are invited to submit papers for the other two sessions. Papers do not have to be on Korean economy related issues.

Guidelines for Paper Submission: Abstract of 200-400 words (and a completed paper if available) should be submitted by e-mail to kaeapaper@gmail.com. This email is used for paper submission only; all other correspondences should use personal email addresses of KAEA officers.

Submission deadline: May 10, 2008.

To submit a paper, one has to be (or become) a lifetime KAEA member or has paid his/her annual membership dues for 2007 and 2008 by the time of submission.

The KAEA invites manuscripts for the 2008 KDI-KAEA joint conference to be held on July 8, 2008. The main theme of the conference is "Enhancing Productivity and Sustaining Growth." The conference seeks research papers on any economic topics related to Korea and global economy. Each paper selected for presentation will receive travel support of 2,000,000 Korean won. Additional 1,500,000 won will be given to each paper selected for publication in the KDI Journal of Economic Policy. The Editorial Board has completed its application process to enlist KDI Journal of Economic Policy on the Social Science Citation Index (SSCI). The Board is currently inviting papers that have implications regarding Korea's economic policy, including openness, coping with population aging, macroeconomy, enhancing productivity, tax reform, and corporate policy. Submitted papers will be automatically considered for publication in this journal. Please indicate in your submission letter if you want to skip this publication opportunity. However, priorities will be given to the papers submitted to both conference and journal. Local accommodation will be provided for conference participants from outside of Seoul for the duration of two nights and three days.

Submission: Submit your completed paper with an abstract of 200-400 words, including the JEL code, by e-mail to Vice President Sunghyun Kim (sunghyun.kim@tufts.edu). Only completed papers will be considered. Submitted papers will be reviewed by the referees selected by both the KDI and the KAEA.

Submission deadline: April 30, 2008.

To submit a paper, one has to be (or become) a lifetime KAEA member or has paid his/her annual membership dues for 2007 and 2008 by the time of submission.

The Thirteenth International Conference sponsored jointly by the Korea-America Economic Association and Korea Economic Association will be held on Aug 12-13. Conference venue is Sungkyunkwan University and the main theme of the conference is "Leap-off Strategy for Global Korea." We are soliciting about 20-25 papers in all areas of economics, either empirical or theoretical. Total financial support provided by the KEA and KAEA will be about $1,500. Lodging for paper presenters will be provided by the KEA.

Submission: Submit your completed paper with an abstract of 200-400 words, including the JEL code, by e-mail to Vice President, Sunghyun Kim (sunghyun.kim@tufts.edu ). Abstracts will also be considered, but the chance for acceptance is better with the completed papers.

Submission deadline: April 30, 2008.

More detailed information on the main theme of the conference and the support level will be announced when it becomes available.

To submit a paper, one has to be (or become) a lifetime KAEA member or has paid his/her annual membership dues for 2007 and 2008 by the time of submission.

The Institute of Monetary and Economic Research at the Bank of Korea and the KAEA will hold a joint conference on July 10 (Thu), 2008. Both empirical and theoretical papers on money and banking, either macroeconomic or microeconomic approaches, are welcome. Please note that the BOK will not accept papers that are already published elsewhere and the selected papers will be published as BOK working papers. Two papers will be selected for the conference and the selected paper presenters will receive financial support of around $6,000 each. Each paper presenter will be requested to contribute one-fifth of the amount of financial support ($1,200 in case of $6,000 support) to the KAEA upon receiving financial support from the BOK. Submitted papers will be reviewed by the referees selected by both the BOK and the KAEA.

Submission: Submit your completed paper with an abstract of 200-400 words, including the JEL code, by e-mail to Vice President Sunghyun Kim (sunghyun.kim@tufts.edu). Only completed papers will be considered.

Submission deadline: April 20, 2008.

To submit a paper, one has to be (or become) a lifetime KAEA member or has paid his/her annual membership dues for 2007 and 2008 by the time of submission.

The KAEA will hold a joint seminar with the KIF and the KAFA on May 26 (Mon), 2008. The main theme of the seminar is "Development of new financial products and their impact on the banking industry and capital markets." Papers attractive to Korean researchers and practitioners in banking and finance are welcome. Each selected paper will receive travel support of 2,000,000 Korean won. KIF will also provide lodging for two nights.

Please submit your completed papers with an abstract of 200-400 words, including JEL code, by e-mail to Vice President Sunghyun Kim (sunghyun.kim@tufts.edu). Only completed papers will be considered. Submitted papers will be reviewed by the referees selected by both the KIF and the KAEA.

Submission deadline: April 10, 2008.

To submit a paper, one has to be (or become) a lifetime KAEA member or has paid his/her annual membership dues for 2007 and 2008 by the time of submission.

In December 2006, the Korea Economic Institute of America (KEI) initiated an Academic Paper Series-a program to generate monthly academic papers followed by a public discussion of topical issues related to the Korean Peninsula.

KEI now seeks proposals for up to five more papers to be published between May and August 2008 on original subjects of current interest to serious Korea watchers. Papers must be written exclusively for KEI, i.e., not have been presented or published previously in any form.

Interested authors should submit the proposal-related information by Thursday, March 6, 2008. Please see the details by clicking on KEI Proposal.

The 83rd Annual Conference of the Western Economic Association International (WEAI) will be held June 29 - July 3, 2008 at the Sheraton Waikiki, HI, USA. The Korea-America Economic Association (KAEA) plans to organize several sessions jointly with Korean Economic Association (KEA) at the WEAI conference.

There will be no submission fees. However, all session participants are required to register for the conference and are responsible for their own expenses including travel. The WEAI-KAEA-KEA session participants may register at the WEAI member rate even if they are nonmembers.

Membership Requirements: Unless invited by the KAEA, all participants in any KAEA sponsored events must have paid membership dues for the current year and the last year, or a lifetime membership.

If interested, submit completed paper or extended abstract by e-mail to:

Submission deadline: March 15, 2008

The 2008 Southern Economic Association meetings will be held at the Grand Hyatt Hotel in Washington, D.C. on November 20 (Thursday) to 22 (Saturday). KAEA plans to organize two sessions as we have done in the past. KAEA members who would like to present a paper or participate in the program as a discussant or session chair are requested to submit the abstract of a paper or the intention to participate in the program no later than March 1.

Although all papers will be considered, papers dealing with Korean and Asian issues will be given a priority. As a special feature, we plan to invite a noted economist from the Economic Analysis Unit of the Indian Statistical Institute. We also expect participation from KAEA members in Korea. Those who present papers at KAEA sessions are exempt from paying submission fee. However, participants in any KAEA-sponsored events must have paid membership dues for the current year and the last year, or a lifetime membership.

Please email your paper or paper abstract to Professor Semoon Chang at schang@usouthal.edu.

Academic sessions at the 2008 New Orleans ASSA meeting

The KAEA held three academic sessions at the 2008 ASSA meeting in New Orleans (Jan 4-6). The topic of the joint session with AEA was "Asian Financial Crisis: Ten Years Later." Participants discussed various economic issues in the Asian region such as potential crisis and exchange rates in China, macroeconomic and financial integration among the Asian Crisis countries, and inflation targeting policy in Korea. The session was quite successful with more than 35 people attending. The other two KAEA sessions were on the topics of macroeconomics---Consumption, Investment and Real Exchange Rates---and corporate finance---Corporate Finance and Banking Issues of Korea. From this year, the AEA office allocates one KAEA session to the new time slot starting at 12:30 pm. The macro session was assigned for this slot and the attendance was quite high with more than 35 people attended including a number of non-Koreans who are not related to the KAEA. About 20 people attended the corporate finance and banking session.

Average attendance at this year's conference was lower than last year's. Please keep in mind that we need to increase the number of attendants which is the criteria used by the ASSA board to evaluate the quality of the academic session and in deciding whether to remove some sessions from the affiliated societies at the annual meeting. We encourage our members to participate in the academic sessions at the meeting in order to maintain the three sessions that we currently have been allotted.

2008 annual business meeting

The 2008 Annual Business Meeting was held on January 5, 2008 at the J.W. Marriott Hotel in New Orleans. President Yong H. Kim reported the activities of the KAEA in 2007, including the joint conferences with the KEI, PIIE, GRI, BOK, KDI and KIF, and the KAEA sponsored sessions at the WEAI and SEA annual meetings. President Kim listed the following three as the major achievements during his presidency: (1) addition of 22 lifetime members, (2) start of the By-laws revision, and (3) increase in the amount of support for the Maekyung-KAEA Economist Award. Executive Secretary Sunghyun Kim reported the KAEA activities related to the ASSA while Treasurer Jaejoon Woo made the KAEA financial report for the 2007 year term, including the scholarship program of travel support for the Ph.D. students. In addition, Kwang-Soo Chung (junior guardian of the KAEA investment fund) made a short report on the status of the investment fund.

The Young Scholar Award with a $1,500 cash prize was awarded to two recipients, Dr. Jay H. Hong at University of Rochester and Dr. Yoon-Jin Lee at Indiana University. This annual award is to recognize young scholars' academic accomplishments and to foster scholarship in economics. Both recipients have published in top academic journals such as the American Economic Review and Review of Economic Studies.

This is the third year that we continue the Maekyung-KAEA Economist Award, sponsored by the Maekyung Business Newspaper, which is given to a KAEA member who has made a significant contribution to the academic research in Economics. This year, Professor Hyun Song Shin at Princeton University received this award with a $5,000 cash prize. Representing Maekyung, Chief Editor Yong Sung Chang presented the award. Professors Yeon-Koo Che (Columbia), Tai-Yeong Chung (Chair, Western Ontario), and Hyungsik Moon (USC) served as this year's award committee members for both awards.

There were four service awards for outgoing EC members for their devoted service in 2007: The recipients of the service awards were President Yong H. Kim, Vice President Sunwoong Kim, Treasurer Jaejoon Woo, and Executive Secretary Sunghyun Kim who served for KAEA for the past three years.

Before the business meeting, Professor Young Sun Lee of Yonsei University, the President of the KEA, delivered a speech. President Lee presented his view on the economic tasks of the new government in Korea.

This year's annual banquet dinner was held at J.W. Marriott Hotel. Approximately 60 members and their guests attended the annual banquet (which is less than expected and less than last year's).

Maekyung-KAEA Forum

The second Maekyung-KAEA forum was held on January 3rd at the J.W. Marriott Hotel. This forum is sponsored by the Maeil Business Newspaper and is an open forum with focus on contemporary economic issues in the world economy. This year's topic was titled "Insights into the Current Global Financial Turmoil" and moderated by President Yong H. Kim. We had four presenters this year and their presentation topics are

About 15 people attended this forum. Newspaper article on this forum can be found at Maekyung newspaper.

Panel Discussion on Korean Economy

Discussions on the current economic issues in Korea were continued on the following day in the Panel Discussion on Korean Economy where Dr. Jung Taik Hyun (President of the KDI) which was delivered by Dr. Dong Chul Cho of the KDI, Dr. Sung-Hee Jwa (President of Gyeonggi Research Institute), Dr. Yang Woo Kim (Deputy General Director of the IMER, Bank of Korea), and Dr. Dosoung Choi (President of Korea Securities Research Institute) presented their views. About 20 people attended this forum. Their presentation slides are

Membership Due

The number of due-paying members is critically important for the continued success of KAEA and ongoing recognition from ASSA. 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 (or preferably become a lifetime member when applying for participation) to qualify.

Please send your membership due to KAEA treasurer listed at the membership site.

Member News

News about KAEA members are posted at MEMBER NEWS site. Please send any news that you want to share to Jinill Kim (Executive Secretary General) at jinill.kim@frb.gov.