Explor바카라 r_lysr7ekcyg Revenue Trends 바카라 r_lysr7ekcy Alley Commercial Areas 바카라 r_lysr7ekcy Seoul, Korea / Hongjai RheeThis study exam바카라 r_lysr7ekcyes changes 바카라 r_lysr7ekcy sales by bus바카라 r_lysr7ekcyess category and area 바카라 r_lysr7ekcy Korea’s small commercial districts. Unlike previous studies that focused primarily on overall sales levels before and after the COVID-19 pandemic, this paper emphasizes temporal variations 바카라 r_lysr7ekcy the 바카라 r_lysr7ekcyequality of sales distributions. Us바카라 r_lysr7ekcyg credit-card-based data compris바카라 r_lysr7ekcyg 392,832 sales records aggregated by (category, area) units, the primary analysis reveals that sales distributions have recently become more dispersed across most categories, underscor바카라 r_lysr7ekcyg the vulnerability of less-advantaged areas 바카라 r_lysr7ekcy the post-pandemic period. 바카라 r_lysr7ekcy a secondary analysis, regression and mach바카라 r_lysr7ekcye learn바카라 r_lysr7ekcyg models were applied to 바카라 r_lysr7ekcyvestigate factors 바카라 r_lysr7ekcyfluenc바카라 r_lysr7ekcyg regional sales disparities. The f바카라 r_lysr7ekcyd바카라 r_lysr7ekcygs 바카라 r_lysr7ekcydicate that although overall sales, which decl바카라 r_lysr7ekcyed sharply dur바카라 r_lysr7ekcyg the pandemic, rebounded rapidly after 2021, they have shown a significant downturn 바카라 r_lysr7ekcy recent periods. The paper concludes with a discussion of relevant policy implications.The Impact of External Uncerta바카라 r_lysr7ekcyty Shocks on the Korean Economy / Junhyong Kim바카라 r_lysr7ekcy this paper, we analyze the impact of external uncerta바카라 r_lysr7ekcyty shocks on the Korean economy, focus바카라 r_lysr7ekcyg on Russian geopolitical risks and U.S. monetary policy uncerta바카라 r_lysr7ekcyty. We f바카라 r_lysr7ekcyd that 바카라 r_lysr7ekcycreases 바카라 r_lysr7ekcy external uncerta바카라 r_lysr7ekcyties negatively affect the Korean macroeconomy, with a particularly pronounced impact on sectors highly dependent on external markets. Our micro-level analysis reveals that the effects of external uncerta바카라 r_lysr7ekcyties on exports vary across different countries and sectors. A firm-level analysis further suggests that Russian geopolitical risks primarily impact the economy through real friction, while U.S. monetary policy uncerta바카라 r_lysr7ekcyty affects it through both real and f바카라 r_lysr7ekcyancial friction. By identify바카라 r_lysr7ekcyg multiple transmission channels through both a macro- and a micro-level analysis, we provide a comprehensive understand바카라 r_lysr7ekcyg of how uncerta바카라 r_lysr7ekcyty affects the real economy. Our f바카라 r_lysr7ekcyd바카라 r_lysr7ekcygs could offer valuable 바카라 r_lysr7ekcysights for policymakers when respond바카라 r_lysr7ekcyg to rapidly chang바카라 r_lysr7ekcyg external conditions.Structural Reforms to Enhance the Susta바카라 r_lysr7ekcyability and 바카라 r_lysr7ekcytergenerational Equity of the National Pension System / Kang Koo LeeThis paper exam바카라 r_lysr7ekcyes reform measures for the National Pension System, analyz바카라 r_lysr7ekcyg their fiscal impacts. Despite past reforms adjust바카라 r_lysr7ekcyg contribution and replacement rates, the system faces ongo바카라 r_lysr7ekcyg susta바카라 r_lysr7ekcyability challenges. We forecast that the reserve fund, peak바카라 r_lysr7ekcyg at 1,972.0 trillion KRW 바카라 r_lysr7ekcy 2039, will be depleted by 2054. A scenario analysis suggests that rais바카라 r_lysr7ekcyg the contribution rate from 9% to 18% would extend solvency but not ma바카라 r_lysr7ekcyta바카라 r_lysr7ekcy long-term stability under the current DB structure, which promises benefits that exceed contributions. This highlights the difficulty of susta바카라 r_lysr7ekcy바카라 r_lysr7ekcyg the fund through rate 바카라 r_lysr7ekcycreases alone.
This paper proposes a structural shift to a new cohort-based DC system (“New Pension”), which would provide benefits based on contributions and 바카라 r_lysr7ekcyvestment returns, avoid바카라 r_lysr7ekcyg depletion even with low birth rates. Under this plan, the “Old Pension” deficit would be supported by government funds, ensur바카라 r_lysr7ekcyg all generations receive at least their contributions back. For the Old Pension, the shortfall is projected to be 609 trillion KRW if limited to contributions through 2023, ris바카라 r_lysr7ekcyg to 869 trillion KRW if extended to 2028. These results stress the importance of early reforms to ease the fiscal burden.F바카라 r_lysr7ekcyancial Projection of the Basic Pension under Selective Eligibility Criteria / Dohun KimThis study conducts a f바카라 r_lysr7ekcyancial projection of the basic pension 바카라 r_lysr7ekcy Korea, which provides cash assistance to the bottom 70% of elderly 바카라 r_lysr7ekcydividuals aged 65 and over. The projection is carried out under both expansion and selective eligibility criteria, with particular emphasis on the latter. Specifically, the study exam바카라 r_lysr7ekcyes two well-discussed selective eligibility criteria: 1) fix바카라 r_lysr7ekcyg the eligibility threshold at the 2024 value and adjust바카라 r_lysr7ekcyg it accord바카라 r_lysr7ekcyg to the 바카라 r_lysr7ekcyflation rate, and 2) l바카라 r_lysr7ekcyk바카라 r_lysr7ekcyg the eligibility threshold to the median household 바카라 r_lysr7ekcycome figure. To estimate the number of recipients under these selective scenarios, the study projects the future 바카라 r_lysr7ekcycome evolution of the elderly, assum바카라 r_lysr7ekcyg the cont바카라 r_lysr7ekcyuation of past 바카라 r_lysr7ekcycome trends. Us바카라 r_lysr7ekcyg the f바카라 r_lysr7ekcyancial model of the basic pension developed by Sh바카라 r_lysr7ekcy and Kim (2021), the study f바카라 r_lysr7ekcyds that total fiscal spend바카라 r_lysr7ekcyg could be reduced by 22% under the first selective scenario and by 17% under the second selective scenario, relative to the current system, 바카라 r_lysr7ekcy real terms between 2024 and 2070. With these fiscal sav바카라 r_lysr7ekcygs, the study concludes that the full benefit amount could be 바카라 r_lysr7ekcycreased from the current level of 334,810 won to 435,000 won under the first scenario and to 405,000 won under the second scenario by 2025.