ICAS Bulletin, May 22, 2006

ICAS Bulletin

Institute for Corean-American Studies, Inc.

May 22, 2006

Kevin Y C Chung
Department of Economics

University of Pennsylvania

wins

ICAS Youth Fellowship Lawrence R. Klein Award for Excellence

for his Honors Thesis

Modeling South Korea's Economy

Dear Friend:

We are pleased to share with you that Kevin Chung has won the ICAS Youth Fellowship Lawrence R. Klein Award for Excellence for his senior Honors Thesis, "Modeling South Korea's Economy: Model Comparison of Simple ARMA (1,1) vs High Frequency Principal Component Analysis in Forcasting South Korea's GDP".

Kevin presented his study today at the ICAS Spring Symposium 2006 in Washington, DC.

The ICAS Youth Fellowship Lawrence R. Klein Award for Excellence is an ICAS Youth Fellowship Award.

Thank you.

Sincerely,
Sang Joo Kim / signed
Sr. Fellow & Executive Vice President
ICAS