KIRI

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• A comparative Study on the Solvency of Korean Insurance Companies by the Calculation Methods for Available Capital, Korea Insurance Research Institute, (2016), (with H. Hwang and K. Lee).
• Life Insurers' Capital Management under the Advancement of Solvency System, Korea Insurance Research Institute, (2015), (with Y. Cho and H. Kim).
• A Study on the Advencement of Korean Solvency System under the IFRS 4 phase II, Korea Insurance Research Institute, (2015), (with H. Kim and K. Lee).
• A Load Map to the Strengthening of an Insurer's Solvency System under the IFRS 4 phase II, Korea Insurance Research Institute, (2014), (with H. Kim and S. Kim).
• A Study on Forecasting Medical Expenses of Health Insurance and Its Applications, Korea Insurance Research Institute, (2013), (with Y. Cho and J. Hwang).
• A Study on the Prudential Supervision Framework of Korean Insurance Gruops, Korea Insurance Research Institute, (2013), (with S. Lee and H. Kim).
• A Study on How Insurance Companies Can Cover Weather Risks Using Index Insurance, Korea Insurance Research Institute, (2012), (with S. Lee and H. Kim).
• Structured Payment of Accident Victim's Benefit, Korea Insurance Research Institute, (2012), (with K. Lee and Y. Jeong).

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• “Korean Household Credit Card Loan Demand", KDB Economic Bulletin, 2011. 5
• “The Role of Water Quality Perceptions in Modeling Lake Recreation Demand,”(with Joseph Herriges, Catherine Kling, and John Downing) in J. Bennett (ed.) International Handbook of Non-Market Environmental Valuation, Aldershot: Edward Elgar, pp74-101, 2011
• “Convergent Validity of Contingent Behavior Responses in Models of Recreation Demand,” Environmental and Resource Economics, Vol. 45, Number 2, pp223-250, February 2010
• “Financial Policy Agenda for Boosting Growth Potential" Korea Applied Economics, 2009
• “Challenges to Korean Engineering Companies,” Korean-Middle East Academic Association, December 1, 2007.
• “Bayesian Optimal Design: Application to Contingent Valuation" Mimeo, 2005.
• "Testing Volatility Spillover Effect between U.S. and Korea Stock Market," Mimeo, 2005

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Optimal Designs for Attribute Control Charts, Ph. D. Thesis (2004), Seoul National University
• Animation of AVP and DAVP for Regression Diagnostics, Journal of the Korean Statistical Society, 1998
• A Study on Graphical Methods in Regression Diagnostics, M. A. Thesis(1996), Seoul National Universit

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• "New issues and improvement measures with respect to business transfer", with Soong Hee Lee, Business Law, vol. 25, no. 1, The Korean Academy of Business Law, 2014

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Insured, Uninsured, or Underinsured: Factors Affecting Insurance Purchases - Evidence from Personal Automobile Insurance in the US (Working Paper)
• Crossover Risks and Their Interconnectedness in the Korean Reverse Mortgage Program: Evidence from VAR analysis (Working Paper)
• Are CEO Rewarded for Luck? - Evidence from the US Property-Liability Insurance Industry (Working Paper)

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• "A Prospects of Insurance Industry", KIRI Report, 2017
• "Comparing National Mortality Rate with Mortality Rate of Insurer Using Correspondence Analysis", Journal of the Korean Data Analysis Society October 2016
• "A Study on Optimization of Reinsurance Quota Share Ratio", Korean Insurance Journal, Vol 105, 2016
• "A Study of General Insurance Activation Plan", KIRI Report, 2015
• "Do P/L Insurers Cede Too Much?", Journal of insurance studies, 78, 2015
• "A Study of Profit Structure of Insurance Companies", Report, Korea Insunrace Research Institute
• "A study on effects of reinsurance under RBC scheme" , Korean Insurance Journal, 92, 2012
• "A study on the development direction of cancer insurance product", Korean Insurance Journal, 91, 2012
• "The Introduction of Cash flow-based financial pricing to the insurance industry", Report, Korea Insunrace Research Institute
• Life Settlements and their availability in Korean life insurance market, Journal of insurance studies, 61, 2010.
• “Policy and System of life Insurance Industry”, Knowledge Sharing Project of Korean Ministry of Finance and Economy, 2007
• "A Study on the Longevity Risk and its Operation Strategies in Personal Whole-Life Annuities", Korean Insurance Journal, 76, 2007
• "A Study on Safety Margin Calculation Method based on Risk Analysis of Rates", Korean Insurance Journal, 74, 2006
• "Study on interest rate modeling", Report, Korea Insurance Development Institute

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• An Analysis on real pension income security according to taxation on pension and effects of income redistribution, NPRI, 2012.
• An Analysis of Benefit Fairness and the Connection System between Public Pensions, NPRI, 2011.
• A Study on the Level of Guaranteed Retirement Income from the National Pension, NPRI, 2010.
• The Appropriate Level of Retirement Income and the Estimate of Public and Private Pension Packages, Korea Applied Economics, KAAE, 2012.
• The Estimate of Non Take-Up of National Pension and the Effect of National Pension on Poverty Relief, Korean Public Finance Studies, KAPF, 2011.
• A study on improvement in poverty rate of National Pension in Korea, Korean Social Security Studies, KSSA, 2011.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• "The ADR Systems in the Advanced Insurance Markets", KIRI, 2021 (with Jae-hee Son and In Young Chung)
• "Consumer-friendly Information Documents for Financial Products", 2019 (with Younghwa Paik and Kyusung Lee)
• "Insurance Fraud in Korean Private and Public Insurance", 2019 (with SeogYoung Kim, Kyusung Lee, and SNU R&D Foundation)
• "The Effect of Product Diversification on Profitability of Korean Insurers," Journal of Insurance and Finance, Vol. 27 (2), 2016 (with Yunmi Nam)
• "The Size of the Affiliation Effect", Global Economic Review, 44 (2), 2015
• "Improving Financial Literacy on Insurance and Pensions", KIRI Working Paper 2015-3, KIRI, 2015.4 (with Hae-rang Lee)
• "Estimating the Effects of Improving a Key Features Document of Variable Life Insurance," Journal of Insurance Studies, Vol. 25(1), 2014 (with Hae-Sik Kim and Jin-Tae Hwang)
• "Insurance Consumer Survey 2014," Survey Report 2014-9, KIRI, 2014. 8 (with Yongsik Jeon et al.)
• "A Study on the Corporate Social Responsibility of Insurance Companies," Survey Report 2013-4, KIRI, 2013. 12 (with Young Hyun Cho)
• "A Study on Enhancing Consumers' Confidence and Improving Insurance Product Disclosure," Survey Report 2013-3, KIRI, 2013. 12 (with Hae-Sik Kim and Jin-Tae Hwang)
• "Insurance Consumer Survey 2013," Survey Report 2013-1, KIRI, 2013. 8 (with Yongsik Jeon et al.)
• "A Study on the Entry and Exit in the Korean Insurance Market," Policy Report 2012-2, KIRI, 2012. 10 (with Ki-Hyung Lee et al.)
• "The Increase in Household Debt and Borrowing Constraints," Quarterly Economic Analysis, Vol. 18(1), 2012 (with Kyeongwon Yoo)
• "A Study of Insurance Regulation in Asian Countries," Survey Report 2011-5, KIRI, 2011. 11 (with Yong-Woon Cho et al.)
• "Population Ageing and Roles of Financial Markets,'' Policy Report 2011-4, KIRI, 2011.7 (with Seong Hun Yun et al.)
• "Restructuring Financial Consumer Protection System in Korea," Policy Report 2011-1, KIRI, 2011. 4 (with Young-Soo Oh et al.)
• "The Utilization of Distance Selling Channels in the Korean Insurance Market", Management Report 2011-1, KIRI, 2011. 1 (with Chul-Kyung Ahn and Sung Min Seo)
• "Analysis of Consumer's Attitude toward Insurance 2010," Survey Report 2010-4, KIRI, 2010. 4 (with Jung-Hee Park)
• “Financial Product Distribution Companies: Background and Its Impact on the Insurance Industry”, Policy Report 2009-5, KIRI, 2010. 1 (with Chul-Kyung Ahn and Oh-Kyung Kwon)
• "Korean Insurance Industry Outlook for 2010," Policy Report 2009-4, KIRI, 2009.12 (with Department of Insurance Trends Analysis)
• "Empirical Studies of Microeconomic Agents' Behavior", Ph.D. Dissertation, 2008.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Definition of Insurance under Amended Insurance Business Act, with Jae Hong Ahn, BFL Vol. 48, Center for Financial Law, 2011

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• The Valuation of Insurance Liabilities under the IFRS 17 and Challenges for the Insurance Industry, KIRI, 2017
• The Advancement of Korean Solvency System under the IFRS 4 phase II, KIRI, 2015
• The Roadmap to the Strengthening of an Insurer's Solvency, KIRI, 2014
• A Study on Enhancing Consumers' Confidence and Improving Insurance Product Disclosure, KIRI, 2013
• The Introduction of Cash flow-based Financial Pricing to the Insurance Industry: Its Impacts and Challenges, KIRI, 2012
• Interest Rate Risk Management Strategies of an Insurance Company, KIRI, 2010
• The Introduction of the RBC Internal Models to the Korean Insurance Market, KIRI, 2010
• The Introduction of Pre-funded Deposit Insurance System to the Korean Insurance Market and Its International Compatibility, KIDI, 2005.
• Cross-national Comparison of Insurance Accounting Practices, KIDI, 2004.
• Risk Assessment Model Development for the Insurance Industry, KDIC Projects, 2001-2003.
• Issues on Insurance Accounting with Special Reference to the Development of International Insurance Accounting Standard, KIDI, 2001
• A study on Corporate Pension Accounting in the US, KIDI, 1999.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• “For the Better Regulation on the Outsourcing of Insurance Companies in Korea”, Policy Report, Korea Insurance Research Institute, 2017.5 (with In Young Jung)
• “OECD Recommendation of the Guidelines on Insurance Governance”, Theme Diagnosis, Korea Insurance Research Institute, 2016.8
• “A Study on the Supervision of Non-Bank Financial Conglomeartes in Korea”, Survey Report, Korea Insurance Research Institute, 2016.3 (with Se-Jin Min)
• “Restructuring Financial Supervision Framework in Other Countries and Its Implications, Theme Diagnosis, , Korea Insurance Research Institute, 2015.5
• “A Report for more Transparent Competition Policy of Korean Insurance Markets”, Policy Report, Korea Insurance Research Institute, 2014.3 (with Min Kyu Kang and Hae Rang Lee)
• “A Study on the Prudential Supervision Framework of Korean Insurance Groups”, Policy Report Korea Insurance Research Institute, 2013.5 (with Hae Sik Kim and Jae Rin Joh)
• “Harmonization in Fair Trade Regulation in Insurance Industry”, Survey Report, Korea Insurance Research Institute, 2010.5 (with Jong Wook Lee)
• Representative for the Rep. of Korea, 99th Meeting of Insurance and Private Pension Committee, OECD, Paris, 2017.6
• Representative for the Rep. of Korea, 98th Meeting of Insurance and Private Pension Committee, OECD, Paris, 2016.12
• Representative for the Rep. of Korea, 97th Meeting of Insurance and Private Pension Committee, OECD, Paris, 2016.6
• Supporting Staff to Financial Supervisory Service, Triennial Meetings, IAIS, Basel, 2014.12
• Supporting Staff to Financial Supervisory Service, Subcommittee Meetings, Technical Committee, IAIS, Kuala Lumpur, 2014.5
• Representative for the Rep. of Korea, 89th Meeting of Insurance and Private Pension Committee, OECD, Paris, 2012.6
• Supporting Staff to Financial Supervisory Service, Subcommittee Meetings, Technical Committee, IAIS, Cape Town, 2012.5
• Supporting Staff to Financial Supervisory Service, Triennial Meetings, IAIS, Basel, 2012.1
• Supporting Staff to Financial Supervisory Service, Global Seminar and Triennial Meetings, IAIS, Macao, 2011.6
• Supporting Staff to Financial Supervisory Service, Annual Conference, IAIS, Dubai, 2010.10
• Supporting Staff to Financial Supervisory Service, Global Seminar and Triennial Meetings, IAIS, Taipei, 2010.6
• Supporting Staff to Financial Supervisory Service, Annual Conference, IAIS, Rio de Janeiro, 2009.10

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• New financial soundness system and Economic assumption modeling, KIDI, 2018.12.
• Aggregation and improvement for Interest rate risk valuation system, KIDI, 2018.12.
• Valuation for Catastrophe risk of General Insurance, KIDI, 2018.12.
• Practical application plan for IFRS17(2017), KIDI, 2017.12.
• Practical application plan for IFRS17(2016), KIDI, 2016.12.
• Introduction of the internal model for Guarantee Risk, KIDI, 2013.1.
• System improvement plan to transfer the minimum guarantee risk, KIDI, 2012.9.
• Hedging for variable insurance valuation and Analysis of portfolio insurance strategies, KIDI, 2012.3.
• Efficiency plan for actuarial evaluation system, KIDI, 2011.12.
• Asset scenario modeling, KIDI, 2011.3.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• "A Comparative Study on the Solvency of Korean Insurance Companies by the Calculation Methods for Available Capital" (with Jaerin Cho et al.), Report, Korea Insurance Research Institute, 2016
• "Study of Potential Korean Financial Guaranty Insurance Market with an Emphasis on the Municipal Bonds" (with Changhui Choi et al.), Report, Korea Insurance Research Institute, 2016
• "Business Strategy of Korean Insurance Companies in the Era of New Normal" (with Junhwan Im et al.), Report, Korea Insurance Research Institute, 2016

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Insurance Fraud Estimation, Working Paper, Korea Insurance Research Institute, 2016
• A Study on the Revision of Insurance Business Act, Report, Korea Life Insurance Association and General Insurance Association of Korea, 2016
• Big Data in the Korean Insurance Industry, Working Paper, Korea Insurance Research Institute, 2016
• A Study on the Resolution of Insolvent Insurers, Report, Korea Deposit Insurance Corporation, 2015

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• The Subsidiary General Agencies : Outcomes and Implications, KIRI, 2020.
• A Study of Life Insurance Industry in Vietnam, KIRI, 2018.
• Improvement of Pension Scheme for Women, KIRI, 2018.
• Risk Assurance for Mental Health in Public and Private Sectorss, KIRI, 2018.
• A Study on Wellness Service and Its Applications in Insurance Industry, KIRI, 2018.
• Changes in the Retirement Pension Market Environment and Tax Reform, KIRI, 2017.
• A Study on the Improvement of Private Income Security System for Self-employed, KIRI, 2017.
• Environmental Changes in the Retirement Pension Market and Counterplan of Insurance Companies, KIRI, 2016.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Stock buybacks and credit default swap spread changes (First Author) with Yuen Jung Park, Journal of Derivatives and Quantitative Studies (KCI), 2023
• Asymmetric Information Environment and Information Flow from the Equity to the CDS Market (First Author) with Tong Suk Kim and Yuen Jung Park, Journal of Financial Markets (SSCI), 2021
• Is Stock Return Predictability of Option-implied Skewness Affected by the Market State? (Corresponding Author) with Tong Suk Kim, Journal of Futures Markets (SSCI), 2018

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Analysis on One-Person-Household’s Financial Portfolio Property, The Journal of Eurasian Studies, Vol.12 No. 4, Asia-Europe Perspective Association, 2015.
• The Effect of Job Traning on Labor Market Outcomes of Women in Korea: Empirical Analysis with Panal Data, 1998~2005, Job Market Paper, 2008.
• “Reappraising the Job-Training Effect on Labor Market Outputs of Korea Women with using Dif-Dif”in The 8th Korea Labor & Inocme Panel Study Learned Paper, Korea Labor Institute, 2007.

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Issues and Suggestions for the Activation of Pet Insurance, 2023
• Issues and Challenges in Public and Private Health Insurance, 2022
• Preparation and Cooperation for a Long-Living Aging Society(Ⅲ): Policy on Health Security, 2022
• Analysis of Non-Benefit Reimbursements in Indemnity Health Insurance, 2022
• Use of Information Technology in Pet Insurance, 2022

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Distributional Effects of a Vehicle Miles Traveled Tax over the Different Vehicle Efficiency, Economics of Transportation, Feb 2025
• A Vehicle Miles Traveled Tax to Reduce the Deficit as Electric Vehicle Grows (Working Paper)
• Could Gas Tax Combined with VMT Tax Be Effective During the Transitions? (Working Paper)
• Heterogeneous Benefits of Virus Screening for Grapevines in California (with Fenton, Gjerdseth, Wang and Lybbert), AJEV, April 2020

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation, Journal of Insurance and Finance, 2019
• Effects of Life Events on Changes in Insurance Holdings, Journal of Insurance and Finance, 2015
• Effects of Regional Characteristics on Households’ Decision to Consume Insurance, Journal of Korean Insurance Academic Society, 2015
• Corruption and Product Market Competition: An Empirical Investigation(coauthored with M. Alexeev), Journal of Development Economics, 2013
• A study on the expense management of an insurer in an era of law economic growth, (with Haesik Kim, Hyunkyung Kim), Korea Insurance Research Institute, 2016
• On the Corporate Demand for Insurance In Korea (forthcoming), Korea Insurance Research Institute, 2019
• The Present Status and Future Direction of Oriental Medical Services in the Automobile Insurance, Korea Insurance Research Institute, 2017
• Insurance Fraud and Insurer-Insured Trust Building , Financial Service Commission, 2014
• A Study on the Implementation of Forest Products Disaster Insurance, Korea Forest Service, 2014
• An Analysis of Korean Insurance Markets: Reinsurance, Fair Trade Commission, 2013
• A Study on Social Cost of Insurance Fraud, Financial Supervisory Service, 2013
• Limitations of Traditional Reinsruance and Growth of the Insurance Linked Securities(ILS) Market, Korea Insurance Research Institute, 2013
• A Study on Improvement of Natural Disaster Insurance, National Emergency Management Agency, 2012
• A Study on the Improvement of the Public-Private Partnership to Root Out Insurance Fraud , FSS & HIRA, 2011
• A Study on Optimal Auditing for Fraudulent Claims , Korea Insurance Research Institute, 2011
• Causes and Deterrence of Insurance Fraud, Korea Insurance Research Institute, 2010
• A Study on Organizational System for Implementing the Workers Compensation Insurance Scheme, Korea Insurance Research Institute, 2009

KIRI Publication

Korea Insurance Research Institute (KIRI) (mostly in Korean, some refereed)

• Creation and evaluation of synthetic training data for predicting bankruptcy of individual businesses, Journal of Information and Communication Convergence Engineering 19(4), 2021
• Lapse and replacement: An evidence of intermediary's influence in life insurance, Journal of Financial Regulation and Supervision 8(1), 2021
• Risk factor analysis through assessment of multiple-borrower vulnerability in the personal credit loan market of savings banks, Financial Risk Review 18(3), 2021
• An explorative study of replacement in life insurance, Korean Insurance Journal 122, 2020
• Parameter estimation and threshold selection of Gompertz mortality law, Journal of Risk Management 27(3), 2016
• A study on setting the truncation period in insurance rate making, Korean Insurance Journal 96, 2013
• A process of old-age mortality estimation using the Gompertz mortality function, Journal of Actuarial Science 4(1), 2012