Professor Young Back Choi (St. John's University) as the treasurer has been taking care of financial matters, publication of newsletters, collecting membership dues, releasing information to members through e-mail, and more. Professor Choi will take care of all balloting including one for executive secretary.

Dr. Yesook Merrill (US General Accounting Office) as the general secretary has a special assignment of organizing and hosting the conference on economic integration between North Korea and South Korea.

We would like to encourage all our members in the U.S. and in Korea to participate in the KAEA sessions in Boston. Professor Yang (yangyy@csus.edu) assured us that if we run out of paper slots, we will invite you as discussants. We would also like to encourage all our members to send their news items such as publications, grants, and personal matters to Professor Choi (choiyb@stjohns.edu). Those of you who teach at doctoral institutions are also encouraged to send the names of Korea-born doctoral students to Professor Choi. KAEA membership is waived for graduate students.

When funds are secured hopefully sometime in March, we will make a public announcement for solicitation of paper presenters and discussants for the North-South conference as prepared by Dr. Merrill (merrilly@gao.gov). Paid members of the KAEA who are seriously interested in studying issues of the North-South economic integration are encouraged to prepare papers for the conference. Membership due is only $20 per year. Finally at the invitation of Professor Park Seung, president of the Korean Economic Association, our directory of paid members will be a part of the KEA's 1999 membership directory.

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 1, 1999, and authors of selected papers will be noticed by May 30, 1999.
 

Extra effort will be made to include all of those who submit papers/proposals on the program by the organizing and review committee, consisting of:

Guidelines for Paper Submission: Please send a complete paper or an extended abstract in duplicate, with a cover page containing the names, affiliations, phone number, and addresses for all authors to:

Submissions must be received by May 1, 1999. No papers will be accepted via electronic or fax transmission. Authors of selected papers will be notified by June 30, 1999.
 

Dr. Whee Gook Kim (East-West Research Institute, DC) has generously pledged $1,000.00 donation for the conference.
 

 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. 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.
 

 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).
 

Speaking of dues, of the 275 currently listed in the KAEA Membership Directory, only 37 members have paid their dues to date, (not counting 16 junior members for whom due is waived.) This is after reducing the due from $40.00 last year to $20.00 this year.

Last year the number of due paying members was 72. There are explanations: last year the KAEA-KEA conference in Seoul might have attracted extra due payment.

Even so, KAEA should strive to increase due-paying membership. All those who wish to participate in KAEA sponsored functions--which are numerous and valuable, e.g., KAEA-SEA sessions, KAEA-ASSA sessions, the planned DC conference, not to mention KAEA-KEA conference in Seoul next year, etc.--must keep in mind that only due paying members will be allowed to participate formally. If you need the annual membership application form, you can download the application form in a pdf format from the site of MEMBERSHIP.

To encourage graduate students membership, KAEA has waived the due for them and confer on them non-voting junior membership. To date, 16 have responded. The names of the junior members are listed at Junior Members.

The following is a letter from the president-elect, Bong-Joon Yoon: