• Korean Journal of Culture and Social Issue
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• v.22 no.1
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• pp.1-18
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• 2016

A conflict of interest (COI) places people in ethical dilemma when providing consultation in a field of business, medical/pharmaceutical industry, research etc. Disclosure is a commonly adopted strategy for the adverse effect of COI, but previous studies have reported inconsistent results. This investigated whether individual differences in pursuing self-interest influence differently on consultation behavior during voluntary- or no-disclosure of COI conditions. A total of 190 adults participated in an on-line experiment which consisted of two tasks. On the 1^st task, participants were divided into either a role-oriented group or a self-interest group depending on their consultation choice on the task. On the 2^nd task, participants were required to choose whether to disclose COI to his/her virtual partner and provided consultation to them. No group differences were found in frequency of choosing voluntary disclosure. For the role-oriented group, the voluntary disclosure group provided unbiased information to the virtual partners than the no disclosure group. However, no group difference between voluntary- and no-disclosure group in the self-interest group. Implications and limitations are further discussed.

• Journal of Korea Fair Competition Federation
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• no.163
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• pp.22-31
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• 2012

• Korean Journal of Culture and Social Issue
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• v.24 no.4
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• pp.541-562
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• 2018

Conflict of interest (COI) is one of the dominant circumstantial factors of moral corruption across various fields. Several management strategies have been proposed to prevent self-interested decision making in COIs. Among these strategies, message persuasion has been considered as a practical and effective approach. Prior studies have found that framing and repetition are two of the major factors in the persuasion effect of message. However, their effect on moral decision making in COI has not been well explored. The purpose of this study was to compare the differential effects of positively framed message and negatively framed message, and secondly, to investigate how the effectiveness of persuasive message changes through repetitive exposures. A total of 63 participants were randomly assigned to one of 3 framing conditions: positive framing, negative framing, and no-message condition. Prior to the on-line experiment involving a consultation task, differently framed persuasive message were presented to the participants. This process was repeated four times in a row. The results showed that participants with positive-framing message were less likely to provide self-interested consultation than participants in the no-message condition. Also, a U-shaped quadric relation between repetition and self-interest consultation was found. Implications and limitations are further discussed.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.9
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• pp.446-453
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• 2018

This study analyzed the effect of related party transactions on the corporate value of Korean firms using panel data regression analysis. We tested the efficient transaction hypothesis and conflict of interests hypothesis which concern related party transactions. Five types of related party transactions were considered, including long term supply contracts, assets and business transfers, affiliate loans, equity investment, and credit offerings. If related party transactions were conducted for the purpose of enhancing corporate efficiency, results would have a positive effect on firm value. If related party transactions were conducted for the purpose of private profits of the controlling shareholders, the results would show a negative effect on firm value. Results were as follows. Firstly, it is confirmed that affiliate loans, equity investment, and credit offerings had negative effects on firm value. This implies that these types of related party transactions used by controlling shareholders for the purpose of their private profit, which supports the conflict of interests hypothesis. Secondly, it was found that long term supply contracts and assets and business transfers had no effect on firm value.

• The Korea Swine Journal
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• v.20 no.12 s.232
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• pp.86-88
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• 1998

"양돈산업에 약 1조6천억이란 많은 정부 자금이 투자 되었었다. 이것은 정부가 WTO체제에 들어가면서 양돈농가가 세계와 경쟁해서 살아남기 위해서는 시설 현대화를 위해 투자해야 한다는 식의 분위기를 만들어 자금을 빌려주면서 시설투자를 부추킨 것으로 볼 수 있다. 그럼에도 정부와는 상관없이 사익을 위해 문어발 식으로 기업을 늘려왔던 몇 개인의 대기업들은 부채를 탕감해 주기도 하면서, 축산인들의 부채에 대해 정부는 냉정하다. 정부가 부추킨 일을 IMF로 경제가 잘못되자 정부는 모른 척하고 국민(축산인)에게 떠 안기려 하고 있다. 이번 연기 조치 또한 부채를 탕감해 주는 것도 아닌 유예하는 것 조차도 선별한다는 것은 이율 배반적으로 보인다"

• Cross-Cultural Studies
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• v.35
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• pp.79-95
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• 2014

This article aims at rethinking on people of Modern styles in early modern period with reference to A Large River[Dae-Ha] written by Kim Nam-cheon at 1939. Park Sung-guoen could be called to Homo Economicus, first, have maximized of self-interest in rapid changes of Korea society with loan sharking, rising to upper class in new early modern era instead of traditional nobleman. Park Hyung-geol could be said romantic guy, second, have chased romatic love consist of three elements(love-sex-marriage). But he troubled his love affairs to his family members frustrated his will because of a bastard son. It is the model of situations, Kim Nan-cheon intended to describe, that Homo Economicus became an object of envy among people in early modern society as well as the choice has been hard in conflicting between family and lover, concretizing anachronism through history of family.

• KDI Journal of Economic Policy
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• v.20 no.3_4
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• pp.63-109
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• 1998

주주와 기업경영자의 대리인관계에서 대주주가 경영자를 감시 감독하는 역할을 항상 하는 것은 아니다. 기업의 주주는 동질적이 아닐 수 있으며, 특히 지배 대주주와 외부주주의 이해관계는 상이할 수 있다. 소유지분이 높아지고 기업에 대한 영향이 증가하는 경우 이를 이용하여 주주들이 자신들의 사익을 추구하고자 할 수 있다. 기업경영 및 의사결정을 자신들의 사적이익에 부합되는 방향으로 유도하기 위하여 주주들은 경영자에게 높은 보수를 제공하는 방법 등으로 경영자와의 담합관계를 추구할 수 있다. 대주주가 경영자와의 담합관계를 추구하는 경우 기업경영의 주목적이 기업주식가격상승 또는 배당금증가에서 멀어지므로 기업의 수익성은 감소할 수 있다. 본 연구는 1982년부터 1992년간 일본 제조업분야의 상장기업을 통해 기관투자자들의 소유지분과 경영자의 보수 그리고 기업성과와의 관계를 살펴보았다. 주거래은행을 중심으로 금융기관투자자는 기업의 주요 채권자인 동시에 소유주로서 일반주주와는 상반된 이해관계를 가지고 있다. 본 연구는 금융기관의 소유지분이 강화됨에 따라 기업경영자의 급여가 성과급이 아닌 고정급의 형태를 통해 증가함을 보여주고 있다. 또한 기업이 차입금에 대하여 지불하는 이자율이 상승할수록 기업경영자의 급여는 증가함을 보여준다. 그리고 금융기관의 소유지분이 높은 기업의 수익성이 낮음을 보여주고 있다. 이런 결과는 1980년대 자본 자유화와 더불어 자본공급자로서의 위치가 약해진 금융기관과 기업과의 관계를 시사하고 있다. 기업수익성보다는 금융기관에게 주요 채권자로서의 위치와 상대적으로 높은 수익성을 보장하도록 경영자의 인센티브급여계약이 설계되었음을 의미한다. 또한 많은 기업들이 주거래은행의 전직 경영자를 이사 또는 최고경영자로 임명하고 있는 사실을 고려할 때, 금융기관 경영자와 기업경영자간의 담합관계를 암시하기도 한다.

• Journal of Cadastre & Land InformatiX
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• v.44 no.1
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• pp.1-15
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• 2014

This paper, at first, intends to develop a conceptual model of spatial information eco-system based on the related literature reviews. The basic requirements in constructing the model are also specified. Next, the functional roles and interrelationships among the actors constituting the eco-system are analyzed to investigate the major reasons of inefficient and unsmooth flows of value-added process of Korean spatial information industry. Especially, the Korea Cadastral Survery Corp.(KCSC), which has dual organizational characteristics of public and private entity, is analyzed to be positioned as the most dominant actors in the eco-system. However, the KCSC needs to be changed and challenged to re-establish the missions and institutional roles for upcoming network societies. Here, we proposed 4 future-oriented development strategies and action plans to promote the Korean spatial information industry and to activate the eco-system.

• International Commerce and Information Review
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• v.17 no.3
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• pp.3-27
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• 2015

As hostile online reviews can have a negative impact on a company's reputation, it is not surprising that online reviewers and business owners often get involved in conflicts which sometimes evolve into legal disputes. This research examines the legal dispute case in which the business owner charges an online reviewer for a defamation. Further, this research compares the supreme court's decision with general public's view on this defamation case, using a survey method. From the legal point of view, an online reviewer's primary motive determines whether the online reviews are defamatory statements or not. Specifically, if an online reviewer's primary motive is to increase the overall benefits for the public society, the online review does not bear any legal liability. According to our survey, consumers' view aligns with the final decision of the supreme court. They believe that online reviews should bear a minimum level of legal liability as online reviews often contain useful and valuable information which can enhance overall public benefits.

• Korean journal of communication and information
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• v.39
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• pp.69-101
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• 2007

Some clauses of the prior review rules for broadcasting commercials, which are enforced by the Broadcasting Act violate the right to free speech guaranteed by the Constitution. The range of prohibited expression under the clauses are too vague and overbroad to distinguish between permissible and impermissible broadcasting commercials. The clauses also fail to pass the constitutional principle that restrict government from excessive regulation on constitutional rights. The principle has a four-pronged test on the government action; 1) the validity of its goal; 2) availability of appropriate means; 3) necessity of infringement; 4) and balancing test of interests. Some clauses of the prior review rules that forbid expressions on sensitive political and cultural issues fail to pass none of the four-pronged standards.