Jeonbuk National University (JBNU) doctoral student Geonhee Lee of the Department of International Trade (advisor Professor Youngmin Kim) has been selected for the National Research Foundation of Korea's '2026 Research Encouragement Grant Program for Doctoral Students in the Humanities and Social Sciences.'

As a result of being awarded this new grant, doctoral student Geonhee Lee will receive a total of KRW 40 million in research funding over the next two years to carry out a leading study investigating the interrelationships among climate change, the international crude oil market, and price levels. The support amounts to KRW 20 million per year.

The Research Encouragement Grant Program for doctoral students, supported by the Ministry of Education and the National Research Foundation of Korea, is a national research support program designed to help doctoral students in the humanities and social sciences concentrate on academic research in a stable environment and to cultivate key researchers who will lead the future academic ecosystem.

The research project is titled 'Systematic Disinflationary Effects of Global Climate Shocks Through the International Crude Oil Market.' The study will examine how climate-change-induced shocks affect supply and demand in the crude oil market and will focus on structurally analyzing the process by which oil price fluctuations transmit to country-level energy prices.

Through this work, the research is expected to more precisely identify the effects of climate shocks on the macroeconomy and price levels and to provide scholarly evidence that can be used in formulating energy and price policies in response to the climate crisis.

Doctoral student Geonhee Lee said, 'I aim to accurately identify the economic impacts of increasingly severe climate and environmental changes and the transmission channels, and to grow as a researcher who contributes to policy formulation that addresses these issues.'

Advisor Professor Youngmin Kim said, 'This selection will serve as an important stepping stone to further enhance the academic value and completeness of Geonhee Lee's doctoral dissertation on climate change and the real economy,' adding, 'I expect Lee to complete an original dissertation that quantitatively and precisely identifies the transmission channels through which climate shocks propagate across the macroeconomy and can contribute to both academia and the policy field.'