• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.11
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• pp.66-79
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• 2016

A discussion has recently emerged over the increase of approvals of K-REITs, which is concluded on the basis of how to raise funds for business activity, fulfill the expected rate of return and maximize the management of managing investment funds. In addition, corporations need to acknowledge the necessity of the capital structure reflected in the current economic environment and decision-making processes. This research analyzed the characteristics by investment types and influence factors about the debt ratio of K-REITs. The data were collected from general management about business state, investment, and finance from 2002 to 2015 in K-REITs (except for the GFC period of 2007~2009). The results of the research demonstrated the high ratios of the largest shareholder characteristics, which are corporation, pension funds, mutual funds, banks, securities, insurance, and, recently, the increasing ratio of the largest shareholder and major stockholder. The investment of K-REITs is increasing the role of institutional investors that take a leading development of K-REITs. The behaviors of simultaneous investment of institutional investors were analyzed to show that they received higher interest rates than other financial institutions and ran in parallel with attraction and compensation. The results of the multiple regressions analysis, utilizing variables about debt ratio were as follows. The debt ratio showed a negative (-) relation that profitability is increasing, which matches the pecking order theory and trade off theory. On the other hand, investment opportunities (growth potential) showed a negative (-) relation and assets scale that indicated a positive (+) relation. The research results are reflected as follows. K-REITs focused on private equity REITs more than public offering REITs, and in the case of financing the capital of others, loan capital is operated under the guarantee of tangible assets (most of real estate) more than financing of the stock market. Further, after the GFC, the capital of others was actively utilized in K-REITs business, and the debt ratio showed that the determinant factors by the ratio and characteristics of the largest shareholder and investment products.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.13 no.6
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• pp.27-38
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• 2018

The purpose of this study is to find out common investment decision factors for CVC's invested technology-based startups and analyze them. We examined 17 CVCs that invested in technology startups for three years and six months from 2015 to June 2018. As a result, the final 9 CVCs that can be used in this study were confirmed and 188 companies were analyzed. This study was conducted as a case study to propose and demonstrate CVC investment objectives and investment decision factors analysis model. The results of this study are as follows. First, CVC focused on strengthening investment. Second, In 2015, Invested in an average of 19 months of technology-based startups. In recent years, we invested in 36 months of proven technology-based startups. Thirdly, ICT service was the main business type of the invested startups. Fourth, the investors were concentrated on the stage of Series A~B. It is observed that CVC investment determinants have a significant impact on product or service and parent company relations. In addition, it was found that factors such as innovation, business planning competency, enterprising, strategic competency, leadership, and opportunity recognition competency were influential factors for the startups of invested companies and it was found that these factors are important for CVC investment decision. Understanding of CVC investment determinants presented in this study is based on the establishment of the investment process of the investee, entrepreneurship and management education program. The results of this study can be applied to the selection of excellent startups, entrepreneurship education programs, mentoring, development of coaching guidelines, and establishment of investment process of other investment institutions when investing in CVC.

• Journal of Information Technology and Architecture
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• v.10 no.4
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• pp.479-496
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• 2013

Today, a corporate and the government is making significant investments in informatization in order to enhance competitiveness however, question on the outcome of information-oriented investment has continuously been posed and in order to resolve such problems, the technique of Enterprise Architecture (EA) Despite such fact, in the case of the central administrative institute, even if the EA maturity standard has continuously improved through continuous investment when compared to the past without deviation between institutes, the establishment of EA and the work utilization of EA compared to the management competence still is analyzed to be relatively weak. This study completed the preliminary feasibility study in 2012 for Korea Customs Service which has been appointed as the representative institute that best utilizes EA in the field of information operation and evaluation field in the 2010 EA Maturity Evaluation and it can become a case study that can contribute to more continuous development and improvement of other public institute EA by introducing the performance of EA-based 4th Korean National Customs Information Network which has entered into total reconstruction in 2013 and by identifying the implications of EA performance arising from such.

• Journal of Convergence for Information Technology
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• v.11 no.1
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• pp.28-33
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• 2021

Since the stock price is a measure of the future value of the company, when analyzing the stock price, the company's growth potential, such as sales and profits, is considered and invested in stocks. In order to set the criteria for selecting stocks, institutional investors look at current industry trends and macroeconomic indicators, first select relevant fields that can grow, then select related companies, analyze them, set a target price, then buy, and sell when the target price is reached. Stock trading is carried out in the same way. However, general individual investors do not have any knowledge of investment, and invest in items recommended by experts or acquaintances without analysis of financial statements or growth potential of the company, which is lower in terms of return than institutional investors and foreign investors. Therefore, in this study, we propose a research method to select undervalued stocks by analyzing ROE, an indicator that considers the growth potential of a company, such as sales and profits, and predict the stock price flow of the selected stock through deep learning algorithms. This study is conducted to help with investment.

• 한국IT서비스학회:학술대회논문집
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• 2009.05a
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• pp.251-254
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• 2009

오늘날 급격한 정보기술(IT)의 발전과 그에 대한 막대한 투자는 공공기관들로 하여금 IT를 효과적으로 관리할 수 있는 방법론을 마련하도록 하고 있다. 이에 따라 국내 공공기관들은 새로운 방안으로서 정보기술아키텍처(EA)를 활발하게 도입하고 있으나, 그 시도와 관심이 EA 도입단계에 치중되어 있고, EA 도입이후의 관리 및 활용에는 아직 미흡한 부분이 많다. 따라서 본 연구에서는 EA 도입보다는 EA 도입이후의 운영 및 관리, 활용 등 중 장기적으로 기관의 경영활동이라는 것에 기초하여 EA 성숙도 역량 수준을 높일 수 있는 영향요인을 도출하는데 초점을 맞추었다. 특히 본 연구는 공공기관들이 EA를 도입 및 운영할 때 영향을 주는 EA 영향요인이 무엇인지를 도출하고, 그러한 EA 영향요인들이 발생하였을 때 EA 성숙도 수준에 어떠한 영향을 미치는지를 밝히고자 한다.

• Management & Information Systems Review
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• v.28 no.2
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• pp.113-134
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• 2009

The purpose of this paper is to investigate the relationship between foreign ownership and firm value. Based on the sample of 3,398 firm-year observations in the period of 2000 to 2007, we find evidence that foreign ownership is positively associated with firm value measured by the market-to-book ratio. In addition, we employ simultaneous equation system where both foreign ownership and firm value are treated as endogenous variables. Simultaneous regression models indicate that the foreign ownership affects firm value, but not vice versa. The positive effects of foreign ownership on firm value result from monitoring and disciplining roles played by foreign investors. Many Korean firms have been run by an owner-manager while monitoring provided by institutional equity holders has been limited. Therefore, Korean firms are expected to suffer from more severe agency costs caused by the conflicts of interest between owner-managers and outside investors. Our empirical results support the notion that foreign investors play an important role in enhancing corporate transparency and improving corporate governance.

• Environmental and Resource Economics Review
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• v.16 no.2
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• pp.313-336
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• 2007

The paper is concerned with, firstly, estimating the North Korean input-output table in which energy sectors like electricity and petro products are specified and, secondly, computing the effect of an investment in the energy sector on North Korean economy, by using the estimated input-output table and applying CGE analysis. The 4,000 million dollar investment on North Korean electricity industry produces 368 million dollar worth of output and 156 million dollar worth of value added. The 150 million dollar investment on petro industry creates about 20.5 million dollar worth of output and 9.65 million dollar worth of value added in North Korea.

• 한국벤처창업학회:학술대회논문집
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• 2021.11a
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• pp.27-32
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• 2021

정부는 더불어 잘사는 경제, 성장의 과실이 국민 모두에게 골고루 돌아가는 경제를 국정과제로 제시하면서 역동적인 벤처창업 생태계를 만들기 위해 창의적인 벤처기업과 혁신적 창업자 육성을 중점 추진하고 있다. 정부의 다양한 노력에 힘입어 벤처투자금액 및 기술창업기업이 지속적으로 증가하는 등 벤처창업 생태계가 지속적으로 개선되고 있으나 COVID-19 이후 성장률이 급격히 낮아지고 청년층의 실업률이 급등하는 등 우리 경제는 저성장 국면이 장기화되고 있는 상황이다. 경제의 성장 활력을 증진시켜 부가 가치를 높이기 위해서 벤처창업기업의 혁신과 성장을 통한 일자리 창출이 당면과제로 부각되고 있고 특히 4차 산업혁명 환경에서 글로벌 경쟁력을 갖춘 혁신형기업의 중요성이 더욱 높아지고 있는 상황에서 우리 경제의 당면 과제인 성장잠재력 회복과 일자리 창출을 위해서는 기술 기반 중심의 벤처창업의 활성화가 가장 효과적인 방안으로 제시되고 있다. 본 연구에서는 벤처창업기업의 혁신과 성장을 위한 정부의 다양한 육성시책을 고찰하고 기술 기반 벤처창업기업의 생존과 성장, 및 일자리에 미치는 특성을 분석하였다. 또한 본 연구 결과를 바탕으로 벤처투자금액이 지속적으로 증가하고 있는 상황에서도 민간 금융기관 입장에서 벤처창업기업이 여전히 고(高)위험-저(低)수익 대상으로 여기고 있는 벤처투자시장의 구조적 문제점을 해결하기 위한 정책 대안을 제시하였다.

• Venture DIGEST
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• s.72
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• pp.16-17
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• 2005

지난 3월 23일 한국기술센터 국제회의장에서는‘기술가치평가와 연계한 기술금융 활성화 방안’을 논의하기 위한 정책포럼이 열렸다. 산자부가 주최한 포럼에서 박기영 정보과학기술보좌관은 기술가치평가의‘신뢰성 제고’와‘수요기반 확충’을 중심으로 기술가치평가시스템 구축 방안을 제시했으며, 박봉수 기술신용보증보증기금 이사장은‘기술신보의 기술가치평가시스템을 기술금융의 인프라로 적극 활용해 나갈 것’이라고 밝혔다. 장흥순 협회 공동회장은‘초기단계 벤처투자 활성화를 위한 정부의 역할’을 강조하였다. 이날 포럼은 연구기관, 중소∙벤처기업, 금융기관 관계자들이 참석해 기술가치평가에 대한 높은 관심과 중요성을 여실히 보여준 행사였다.

• Information and Communications Magazine
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• v.12 no.12
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• pp.9-24
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• 1995

초고속국가정보통신망은 초고속정보통신기반구축 종합 추진 계획하에 정부가 최근 많은 관심과 투자를 통하여 이루려고 하는 정보화 하부구조 구축이다. 2010년까지 3단계에 걸쳐 공공부문에서 시범 추진되는 초고속국가정보통신망은 미래의 정보시대에 대비하여 전국적으로 정보 유통 흐름을 지원하는 정보고속도로를 구축하고 이를 통한 각종 지원 서비스를 제공하도록 하는 것이다. 이러한 정보고속도로의 선도적인 구축은 국가의 정보화 산업을 세계화로 유도하며, 기술개발 능력을 향상시킴과 동시에 산업의 경쟁력을 높이기 위한 것이다. 본 고에서는 초고속국가정보통신망 구축 원년을 마무리하여 그간의 추진 경과와 계획을 소개한다. 또한 '95년 시범이용기관 비롯 '96년 이용기관 가입 및 전환 확산을 위하여 각종 이용 환경 및 절차 등을 설명하고자 한다.