BMW Korea said Monday that it has named Bae Jin-young, professor of management and international trade at Inje University, as the winner of the 2012 BMW Academic Award for his critical insight into the current global financial crisis.

The Korean unit of the German carmaker, together with Korean-German Academy of Economics and Management, has offered the award since 1999 with an aim to accelerate academic exchanges between the two countries.

In his recent academic paper, Bae offered a deep analysis on the very nature of the current financial crunch as well as policy suggestions that can be adopted by individual governments, BMW Korea said.

By Lee Ji-yoon (jylee@heraldcorp.com)