Faculty
PARK, SOJUNG
Professor / Finance
Contact
02-880-8085
Bldg 58, Room 409
sojungpark@snu.ac.kr
HomepageProfessor Introduction
Professor Sojung Carol Park, is a Professor at Seoul National University's College of Business. Prior to join Seoul National University, she held a faculty position at California State University, Fullerton. Her academic journey boasts a Ph.D. in Insurance and Risk Management from the University of Pennsylvania's Wharton School and MS/BS in industrial Engineering from Seoul National University, demonstrating a commitment to excellence in education and research. Professor Park's expertise spans diverse domains, including insurance economics, an in-depth understanding of the intersections between insurance and culture, Bonus-Malus System in auto insurance, financial consumer behavior, and Insurtech and Fintech strategy. Beyond her academic endeavors, Professor Park actively contributes to the broader community through her advisory roles in prestigious organizations such as the Financial Services Commission and the Korea Deposit Insurance Corporation. As a prolific author, her scholarly contributions, including leading papers in renowned journals such as Journal of Risk and Insurance, ASTIN Bulletin, Insurance, Mathematics, and Economics, The Geneva Papers on Risk and Insurance - Issues and Practice. Prof. Park is a member of American Risk and Insurance Association, Korean Insurance Academic Society, Korean Risk Management Society.
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Education & Experiences
EXPERIENCE
SEP 2019 - PRESENT : Professor, Graduate School of Business, Seoul National University
SEP 2014 - AUG 2019: Associate Professor, Graduate School of Business, Seoul National University
AUG 2012 - JULY 2014: Assistant Professor, Graduate School of Business, Seoul National University
AUG 2009 - JULY 2012: Assistant Professor, Mihaylo College of Business, Cal State Univ., Fullerton
EDUCATION
2004 - 2009: PH.D. IN INSURANCE AND RISK MANAGEMENT (FINANCE MINOR), The Wharton School, University of Pennsylvania
2002 - 2004: MS IN INDUSTRIAL ENGINEERING, School of Engineering, Seoul National University
1998 - 2002: BS IN INDUSTRIAL ENGINEERING, School of Engineering, Seoul National University
SEP 2019 - PRESENT : Professor, Graduate School of Business, Seoul National University
SEP 2014 - AUG 2019: Associate Professor, Graduate School of Business, Seoul National University
AUG 2012 - JULY 2014: Assistant Professor, Graduate School of Business, Seoul National University
AUG 2009 - JULY 2012: Assistant Professor, Mihaylo College of Business, Cal State Univ., Fullerton
EDUCATION
2004 - 2009: PH.D. IN INSURANCE AND RISK MANAGEMENT (FINANCE MINOR), The Wharton School, University of Pennsylvania
2002 - 2004: MS IN INDUSTRIAL ENGINEERING, School of Engineering, Seoul National University
1998 - 2002: BS IN INDUSTRIAL ENGINEERING, School of Engineering, Seoul National University
Publications
- Sojung C. Park, Junho Son, 2022, The Relationship between Financial Literacy, Residence and the Demand for Private Pension and Insurance. Journal of Insurance and Finance(보험금융연구) 108: 3-39 [in Korean].
- Jung, C. W., Park, S. C.*, 2021, Fee-For-Service Health Insurance and Moral Hazard of Hospitals, Asia-Pacific Journal of Risk and Insurance 15(2): 145-167.
- Jeong, Himchan, Emiliano Valdez*, Sojung C. Park, Jaeyun Ahn, 2021, “Generalized Linear Mixed Models for Dependent Compound Risk Models”, Variance 14(1)
- Oh, R, Lee. K., Park, S., and Ahn, J.*, 2020, Double-counting problem of the Bonus-Malus system. Insurance: Mathematics and Economics 93: 141-155
- Jae Youn Ahn*, Woojoo Lee, Sojung C. Park, 2019, “Investigating Dependence between Frequency and Severity via Simple Generalized Linear Models”, Journal of the Korean Statistical Society 48(1): 13-28.
- Sekyung Oh*, Changsu Ouh, Sojung C. Park, Siyeol Choi, and Kinam Park,2018, A Study on the Estimation of the Discount Rate for the Insurance Liability under IFRS 17, Journal of Insurance and Finance(보험금융연구) 29(3): 47-76. [in Korean]
- Park, C. Sojung, Joseph H.T. Kim, Jae Youn Ahn*, 2018, “Does Hunger for Bonuses Drive the Dependence between Claim Frequency and Severity?”, Insurance: Mathematics and Economics 83: 32-46.
- Park, C. Sojung, 2018, “Discussion on the Introduction of Bonus-Malus System in Private Health Insurance for the Actuarial Equality”, 공정거래연구 3(3): 1-23 [in Korean].
- Park, C. Sojung*, Xiaoying Xie, Pinghai Rui, 2018, “The Sensitivity of Reinsurance Demand to Counterparty Risks: Evidence from US Property-Liability Insurance Industry”, Journal of Risk and Insurance 86(4)
- Park, C. Sojung*, 2018, Investors Overreaction to the Extreme Events: Evidence from the 9/11 Terrorism, Seoul Journal of Business 24(2)
- Park, C. Sojung* and Sangeun Han, 2017, "Externalities from Driving Luxury Cars", Risk Management and Insurance Review 20(3): 391-427.
- Kim, Bum* and Sojung C. Park, 2016, "Mergers and Acquisitions in the U.S. Insurance Industry", Asian Review of Financial Research(재무연구) 29(4): 521-545.
- Kim, Bum* and Sojung C. Park, 2016, "Are Insurance Mergers and Acquisitions Value-increasing Activities? : Evidence from ASEAN Countries", Journal of Risk Management(리스크관리연구) 27(3): 1-23 [in Korean].
- Elliot Oblander*, Sojung C. Park, and Jean Lemaire, 2016, “The Cost of High Suicide Rates in Japan and Republic of Korea: Reduced Life Expectancies”, Asia-Pacific Population Journal 31(2): 21-44.
- Park, C. Sojung*, Xiaoying Xie, and Jean Lemaire, 2016, “The Opaqueness of Structured Bonds in Insurers’ Assets”, The Geneva Papers on Risk and Insurance - Issues and Practice 41(4): 650-676.
- Lemaire, Jean*, Sojung C. Park, and Kili Wang, 2016, “Further Comments on the Paper “Setting a Bonus-Malus Scale in the Presence of Other Rating Factors” by Taylor”, European Actuarial Journal 6(2):495-499.
- Park, C. Sojung*, Jean Lemaire, and Kili Wang, 2016, The Use of Annual Mileage as a Rating Variable, ASTIN Bulletin 46(1): 39-69.
- HongJoo Jung, Chunhua Chen*, Sojung C. Park, Vincenzo Senatore, 2015, “Commuting Accidents in Workers Compensation in Italy and in China - Policy Implications for Korea - , “Korean Social Security Studies(사회보장연구) 31(4): 253-277 [in Korean].
-Nayoung Park and Sojung C. Park*, 2015, “The Pricing and Evaluation of Korean Non-life Insurance Companies’ Insurance Linked Security”, Journal of Risk Management (리스크관리연구) 26(2): 63-114 [in Korean].
-Lemaire, Jean*, Sojung C. Park, and Kili Wang, 2015, “The Impact of Covariates on a Bonus-Malus System: An Application of Taylor’s Model”, European Actuarial Journal 5(1): 1-10. Leading paper.
- Park, C. Sojung* and Xiaoying Xie, 2014, “Reinsurance and Systemic Risk: Reaction of Property-Casualty Insurers to Reinsurer Downgrading”, Journal of Risk and Insurance 81(3): 581-621.
- Moon, Jungbien* and Sojung C. Park, 2014, “Measuring the Costs and Benefits of CSR through Shareholder Value”, Journal of Knowledge Studies 12(1): 266-294.
- Park, C. Sojung* and Tokutsune Yasuyuki. 2013, “Do Japanese Policyholders Care About Insurers’ Credit Quality?”, The Geneva Papers on Risk and Insurance - Issues and Practice 38(1): 1-21.
- Park, C. Sojung* and Jean Lemaire, 2012, "The Impact of Culture on the Demand for Non-Life Insurance", ASTIN Bulletin (The Journal of the International Actuarial Association) 42(2): 501-527.
- Park, C. Sojung*, Jean Lemaire, and Choong Tze Chua, 2010, “Is the Design of Bonus-Malus Systems Influenced by Insurance Maturity or National Culture?”, The Geneva Papers on Risk and Insurance - Issues and Practice 35: S7-S27: Leading paper.
- Park, C. Sojung* and Jean Lemaire, 2011, “Culture matters: Long-Term Orientation and Life Insurance Demand” Asian Pacific Journal of Risk and Insurance 5(2): Article 1 Leading paper.
*corresponding author
- Jung, C. W., Park, S. C.*, 2021, Fee-For-Service Health Insurance and Moral Hazard of Hospitals, Asia-Pacific Journal of Risk and Insurance 15(2): 145-167.
- Jeong, Himchan, Emiliano Valdez*, Sojung C. Park, Jaeyun Ahn, 2021, “Generalized Linear Mixed Models for Dependent Compound Risk Models”, Variance 14(1)
- Oh, R, Lee. K., Park, S., and Ahn, J.*, 2020, Double-counting problem of the Bonus-Malus system. Insurance: Mathematics and Economics 93: 141-155
- Jae Youn Ahn*, Woojoo Lee, Sojung C. Park, 2019, “Investigating Dependence between Frequency and Severity via Simple Generalized Linear Models”, Journal of the Korean Statistical Society 48(1): 13-28.
- Sekyung Oh*, Changsu Ouh, Sojung C. Park, Siyeol Choi, and Kinam Park,2018, A Study on the Estimation of the Discount Rate for the Insurance Liability under IFRS 17, Journal of Insurance and Finance(보험금융연구) 29(3): 47-76. [in Korean]
- Park, C. Sojung, Joseph H.T. Kim, Jae Youn Ahn*, 2018, “Does Hunger for Bonuses Drive the Dependence between Claim Frequency and Severity?”, Insurance: Mathematics and Economics 83: 32-46.
- Park, C. Sojung, 2018, “Discussion on the Introduction of Bonus-Malus System in Private Health Insurance for the Actuarial Equality”, 공정거래연구 3(3): 1-23 [in Korean].
- Park, C. Sojung*, Xiaoying Xie, Pinghai Rui, 2018, “The Sensitivity of Reinsurance Demand to Counterparty Risks: Evidence from US Property-Liability Insurance Industry”, Journal of Risk and Insurance 86(4)
- Park, C. Sojung*, 2018, Investors Overreaction to the Extreme Events: Evidence from the 9/11 Terrorism, Seoul Journal of Business 24(2)
- Park, C. Sojung* and Sangeun Han, 2017, "Externalities from Driving Luxury Cars", Risk Management and Insurance Review 20(3): 391-427.
- Kim, Bum* and Sojung C. Park, 2016, "Mergers and Acquisitions in the U.S. Insurance Industry", Asian Review of Financial Research(재무연구) 29(4): 521-545.
- Kim, Bum* and Sojung C. Park, 2016, "Are Insurance Mergers and Acquisitions Value-increasing Activities? : Evidence from ASEAN Countries", Journal of Risk Management(리스크관리연구) 27(3): 1-23 [in Korean].
- Elliot Oblander*, Sojung C. Park, and Jean Lemaire, 2016, “The Cost of High Suicide Rates in Japan and Republic of Korea: Reduced Life Expectancies”, Asia-Pacific Population Journal 31(2): 21-44.
- Park, C. Sojung*, Xiaoying Xie, and Jean Lemaire, 2016, “The Opaqueness of Structured Bonds in Insurers’ Assets”, The Geneva Papers on Risk and Insurance - Issues and Practice 41(4): 650-676.
- Lemaire, Jean*, Sojung C. Park, and Kili Wang, 2016, “Further Comments on the Paper “Setting a Bonus-Malus Scale in the Presence of Other Rating Factors” by Taylor”, European Actuarial Journal 6(2):495-499.
- Park, C. Sojung*, Jean Lemaire, and Kili Wang, 2016, The Use of Annual Mileage as a Rating Variable, ASTIN Bulletin 46(1): 39-69.
- HongJoo Jung, Chunhua Chen*, Sojung C. Park, Vincenzo Senatore, 2015, “Commuting Accidents in Workers Compensation in Italy and in China - Policy Implications for Korea - , “Korean Social Security Studies(사회보장연구) 31(4): 253-277 [in Korean].
-Nayoung Park and Sojung C. Park*, 2015, “The Pricing and Evaluation of Korean Non-life Insurance Companies’ Insurance Linked Security”, Journal of Risk Management (리스크관리연구) 26(2): 63-114 [in Korean].
-Lemaire, Jean*, Sojung C. Park, and Kili Wang, 2015, “The Impact of Covariates on a Bonus-Malus System: An Application of Taylor’s Model”, European Actuarial Journal 5(1): 1-10. Leading paper.
- Park, C. Sojung* and Xiaoying Xie, 2014, “Reinsurance and Systemic Risk: Reaction of Property-Casualty Insurers to Reinsurer Downgrading”, Journal of Risk and Insurance 81(3): 581-621.
- Moon, Jungbien* and Sojung C. Park, 2014, “Measuring the Costs and Benefits of CSR through Shareholder Value”, Journal of Knowledge Studies 12(1): 266-294.
- Park, C. Sojung* and Tokutsune Yasuyuki. 2013, “Do Japanese Policyholders Care About Insurers’ Credit Quality?”, The Geneva Papers on Risk and Insurance - Issues and Practice 38(1): 1-21.
- Park, C. Sojung* and Jean Lemaire, 2012, "The Impact of Culture on the Demand for Non-Life Insurance", ASTIN Bulletin (The Journal of the International Actuarial Association) 42(2): 501-527.
- Park, C. Sojung*, Jean Lemaire, and Choong Tze Chua, 2010, “Is the Design of Bonus-Malus Systems Influenced by Insurance Maturity or National Culture?”, The Geneva Papers on Risk and Insurance - Issues and Practice 35: S7-S27: Leading paper.
- Park, C. Sojung* and Jean Lemaire, 2011, “Culture matters: Long-Term Orientation and Life Insurance Demand” Asian Pacific Journal of Risk and Insurance 5(2): Article 1 Leading paper.
*corresponding author
