The Impact of the Covid-19 Pandemic on the Korean Economy and Industry: An Interim Assessment of One Year after the Outbreak

Kang, Duyong; Min, Seong-hwan; Park, Sung Keun

doi:10.2139/ssrn.4192204

Cited by 5 publications

(3 citation statements)

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“…실제로 코로나19 이후 연간 실질 GDP 성장률은 3%p 이상 감소하였으며, 고용은 약 46만 명 감소한 것으로 보고되었다. 코로나19 팬데믹으로 인한 경기 침체는 과거 유 사한 경제 위기와 비교해서 민간 소비와 고용에 미치는 영향이 상대적으로 높았다 [2].…”

Section: 서론unclassified

The Impact of COVID-19 on Medical Institutions in Korea: Focusing on Financial Losses

Ahn,

Noh,

Yun

et al. 2023

Public Health Aff

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Purposes: It is known that medical institutions suffered substantial financial losses due to the COVID-19 pandemic, but studies that specifically identified the size of losses are lacking. This study aims to analyze in detail how much financial loss medical institutions suffered in 2020, at the beginning of the COVID-19 pandemic.Methodology: This study used national health insurance claim data from 2018 to 2020 provided by the Health Insurance Review and Assessment Service. Financial losses were conceptualized and classified as the increase or decrease in total medical expenses or the proportion of increased or decreased institutions. The trend of total medical expenses was analyzed by medical institution type, health insurance qualification type, and treatment type (inpatient/outpatient).Findings: The results showed that the decrease in medical expenses due to COVID-19 was the largest at clinic-level medical institutions, and the distribution of each clinic’s increases and decreases was wide. In addition, almost all of the pediatrics and otolaryngology clinics had a reduction in medical expenses due to COVID-19.Practical Implications: Medical institutions have been pleading about the pain caused by the COVID-19 pandemic. However, it was known that the decrease in total medical expenses in 2020 compared to 2019 was insignificant. This study overcame the trap of average through more detailed analyses, confirming the need for differentiated policy support in the event of a similar situation.

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Section: 서론unclassified

The Impact of COVID-19 on Medical Institutions in Korea: Focusing on Financial Losses

Ahn,

Noh,

Yun

et al. 2023

Public Health Aff

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“…In addition to the social impacts of the COVID-19 pandemic, the economic repercussions could not be ignored. The 2020 economic shock was comparable to the 2008 global financial crisis, with a 3.7% decline in the growth rate of the gross domestic product and a 7.4% decrease in the private consumption growth rate [ 4 ]. That same year, 460 000 Koreans lost their jobs [ 4 ].…”

Section: Introductionmentioning

confidence: 99%

“…The 2020 economic shock was comparable to the 2008 global financial crisis, with a 3.7% decline in the growth rate of the gross domestic product and a 7.4% decrease in the private consumption growth rate [ 4 ]. That same year, 460 000 Koreans lost their jobs [ 4 ]. Many people, particularly temporary or per diem workers in the manufacturing sector and self-employed people with employees, faced challenges related to unemployment.…”

Section: Introductionmentioning

confidence: 99%

Changes in Adolescent Health Behavior and the Exacerbation of Economic Hardship During the COVID-19 Pandemic: A Cross-sectional Study From the Korea Youth Risk Behavior Survey

Kim,

Lee,

Jung-Choi

et al. 2024

JPMPH

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Objectives: This study investigated the association between exacerbated economic hardship during the coronavirus disease 2019 (COVID-19) pandemic and changes in the health behaviors of Korean adolescents.Methods: We analyzed data from the 2021 Korea Youth Risk Behavior Survey and included 44 908 students (22 823 boys and 22 085 girls) as study subjects. The dependent variables included changes in health behaviors (breakfast habits, physical activity, and alcohol use) that occurred during the COVID-19 pandemic. The aggravation of economic hardship by COVID-19 and the subjective economic status of the family were used as exposure variables. Multiple logistic regression analysis was utilized to calculate the prevalence odds ratios (PORs).Results: Severe exacerbation of a family’s economic hardship due to COVID-19 was negatively associated with the health behaviors of adolescents, including increased breakfast skipping (POR, 1.85; 95% confidence interval [CI], 1.55 to 2.21 for boys and POR, 1.56; 95% CI, 1.27 to 1.92 for girls) and decreased physical activity (POR, 1.37; 95% CI, 1.19 to 1.57 for boys and POR, 1.38; 95% CI, 1.19 to 1.60 for girls). These negative changes in health behaviors were further amplified when combined with a low subjective family economic status.Conclusions: The experience of worsening household hardship can lead to negative changes in health behavior among adolescents. It is crucial to implement measures that address the economic challenges that arise from stressful events such as COVID-19 and to strive to improve the lifestyles of adolescents under such circumstances.

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Association between the Perceived Household Financial Decline Due to COVID-19 and Smartphone Dependency among Korean Adolescents

Jung

Kim

Jang

et al. 2022

IJERPH

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This cross-sectional study identified the association between COVID-19-related perceived household financial decline and smartphone dependency among adolescents in South Korea. Data from the 2020 Youth Risk Behavior Survey of Korea was used and 54,809 middle and high school students were included. COVID-19-related perceived household financial decline was categorized as no financial decline, mild, moderate, and severe. Smartphone dependency was calculated by 10 questions and was largely categorized as yes and no, and as normal, low, and high (prevalence rate: 25.0%). Binary and multinomial regression analyses were performed to analyze the association. The more severe the financial decline, the more pronounced the risk of high-risk smartphone dependency (mild financial decline: odds ratio (OR) 1.11, 95% CI 0.96–1.28; moderate: OR 1.22, 95% CI 1.04–1.43; severe: OR 2.56, 95% CI 2.06–3.17). Poor family relationships (OR 1.06, 95% CI 1.03–1.10) and severe social conflict (OR 2.99, 95% CI 2.50–3.58) were also related to smartphone dependency. The ORs were 2.63 with more than three bathrooms and 1.63 with their own bedroom. Smartphone dependency among adolescents is closely related to COVID-19-related perceived household financial decline. As smartphone dependency relates to complicated psychological issues, further evaluation is necessary, especially for vulnerable adolescents.

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The Impact of the Covid-19 Pandemic on the Korean Economy and Industry: An Interim Assessment of One Year after the Outbreak

Cited by 5 publications

References 0 publications

The Impact of COVID-19 on Medical Institutions in Korea: Focusing on Financial Losses

The Impact of COVID-19 on Medical Institutions in Korea: Focusing on Financial Losses

Changes in Adolescent Health Behavior and the Exacerbation of Economic Hardship During the COVID-19 Pandemic: A Cross-sectional Study From the Korea Youth Risk Behavior Survey

Association between the Perceived Household Financial Decline Due to COVID-19 and Smartphone Dependency among Korean Adolescents

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