Ph. D. in Economics, Princeton University, June 1987， (Dissertation: An Analysis of Inefficiency of an Urban Housing Market :The Case of Seoul, Korea)。 M.A. in Economics, Princeton University, October 1984， Graduate Student in Economics, University of Pennsylvania, September 1981?May1982。 B.A. in Economics (minor: mathematics), Summa Cum Laude, and Valedictorian, Sogang University, February 1980。 Fellow, Weimer Graduate School of Advanced Studies in Real Estate and Land Economics, Since January 2002 。 Member, Editorial Board, Journal of Housing Economics, Since 2002 。 Member and Treasurer, Selection Committee, William Alonso Memorial Prize for Innovative Works in Regional Science, Since 2002。 Member, Editorial Board, International Real Estate Review, Since 1999。 Member, Central National Land Use and Urban Planning Committee, Ministry of Construction and Transportation, Government of Korea, Since January 2003。 External board member, Korea Housing Finance Corporation Since March 2004 。 Awards, Fellowships and Honours Best Graduate Teaching Award, Department of Economics, Princeton University, January 1986 University Fellowship, Princeton University, September 1982 ? May 1986 University Fellowship, University of Pennsylvania, September 1981 ? May 1982 Presidential Award to Top Graduating Student and Valedictorian, Sogang University, February 1980 Member, Alpha Sigma Nu Honorary Society, since September 1978 Presidential Award to Top Entering Student, Sogang University, February 1976 Areas of Interest Real estate and urban economics (housing markets, housing finance and taxation, government regulations in land and housing markets, real estate sector and the national economy, securitization) Spatial and territorial development polices (growth controls, regional policy) Public finance (urban infrastructure finance, political economy, public opinion and public choice) Local government finance (local taxes and tax administration, monitoring indicators of urban finance and service delivery, design and implementation of decentralization, linkages between urban planning and urban finance) Environmental economics (quantifying the impact of the degradation of urban environment, analysis of the impact of government environmental budget, land-use regulations as an environmental policy instrument, public perception of environmental problems and policies) Political economy (market for ideas, public perception and the role of various players in the process of public policy making)