Korea Capital Market Institute

This study aims to predict corporate failures in the Korean stock market. In particular, it seeks to design an effective early warning model that forecasts delisting prior to trading suspensions. To achieve this, the model incorporates not only quant...

According to the life-cycle hypothesis, elderly households use their wealth to sustain consumption as their income declines in retirement. They save during their working years and use up accumulated assets in old age, flattening the marginal utility

The future of South Korea is expected to be an era where one working-age individual supports one elderly person. Population aging will impact the economy in various ways, including changes in household asset ownership and composition. Classical econo...

As global warming leads to more frequent natural disasters and economic uncertainty, there has been a growing international voice to actively respond to climate change by reducing greenhouse gas (GHG) emissions. In line with international recommendat...