• Journal of the Economic Geographical Society of Korea
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• v.14 no.4
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• pp.453-466
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• 2011

The main aim of this paper is to explore the Korean development strategy in the context of trajectories of the economic development from 1961 to 2010. The fast and high growth in the period of 1961 and 2010 resulted from the 'export-oriented industrialization' through a combination of 'mass production-mass exports' and '(relatively) high productivity-low wages' up to the late 1980s, a mixture of 'mass production-mass exports' and '(relatively) high productivity-high wages' to the late 1990s, and a combination of the reformation of public and private sectors for overcoming the Korean financial crisis and the gradual improvement of the marketization and social safety net since 2000. With respect to this model of development, the global and national modes of regulation were established. Along with the formation of endogenous forces (as the national mode of regulation), that of exogenous forces (as the global mode of regulation) are the important rules of the game at the global level, which lead and stabilize the process of accumulation by the export-led industrialization in Korea. In this respect, the establishment of global modes of regulation is led by exogenous forces such as trade regulations, exchange rates, global-Korean industrial relations, and global regulations of loans to developing countries. On the other hand, the national modes of regulation are formed by endogenous forces such as the triangular relationship of the state, capital and labor.

• Bulletin of Korea Environmental Preservation Association
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• s.388
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• pp.14-17
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• 2010

"저탄소 녹색성장 기본법" 제정('10.1)을 계기로 녹색산업의 민간참여 확대 및 기술 시장 산업의 빠른 성장 유인을 위하여 녹색분야 금융 지원 방안을 목적으로 하는 '녹색인증제'가 지난 4월부터 본격 시작되었다. 녹색인증제는 정부가 녹색기술 또는 녹색사업에 대하여 인증을 해주거나 인증받은 녹색기술을 활용하여 일정 비율 이상의 매출실적이 있는 기업에 대하여 녹색전문기업으로 확인해 주는 새로운 제도이다. 녹색기술 보유 기업을 대상으로 자금 R&D 수출 마케팅 등 지원을 강화하고 정책자금 융자, 기술평가 보증 우대를 해주며, 녹색펀드 등에 투자하는 기업 또는 일반인에게 세제혜택을 주자는 취지다. 아직은 제도 시행 초기단계에 불과하지만 많은 녹색기술 보유 업체들로부터 관심이 커지고 있는 만큼 기존 인증제도와 변별력을 갖춘 차별화되고 실효성있는 추진을 기대한다.

• Review of KIISC
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• v.28 no.6
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• pp.56-62
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• 2018

미래 군사력은 첨단 무기체계가 병력 위주의 군 구조를 대체할 것임은 자명하다. 이를 증명하듯 최근 국내 방위산업은 무기체계의 고도화 첨단화로 급속하게 성장하고 있으며 해외 수출도 성공적으로 진행 중이다. 그러나 컴퓨터 해킹 등 사이버 공격에 의한 방산 정보나 방위산업기술의 유출은 방위산업의 성장을 저해시킬 뿐 아니라 국가 안보까지 심대한 영향을 미친다. 국방부는 방산업체 사이버 보안을 위해 2010년부터 보안관제를 실시하고 있으나, 지능형 지속 위협(APT) 공격과 같은 최근의 공격 양상에 대응하기 위해서는 위협 정보를 다각적으로 수집 분석하는 노력이 필수적이다. 미국을 중심으로 한 선진국은 정보공유 분석센터(ISAC) 등 정보공유체계 구축을 통해 주요 기반시설의 사이버 보안을 강화하고 있으며 국내에서도 금융, 통신 분야 등을 시작으로 최근에는 의료 분야로 점차 확대되고 있는 추세이다. 본 논문에서는 정보공유 분석센터 설립 사례와 국내 방산업체 보안관제 환경 분석을 통해 방산 정보공유 분석센터 설립 방안을 제안한다.

• Korea Trade Review
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• v.44 no.1
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• pp.237-251
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• 2019

This paper seeks to recommend strategic policy options geared towards enhancing sophistication level of Ulsan City's major export industries in the Republic of Korea. Ulsan's major export industries, including shipbuilding, automobile and petrochemical industries, turn out to be based mostly on low to medium technology with low R&D intensity suggesting relatively low level of product sophistication. Using a recent Eurostat high-tech industry classification table which suggests 9 high-tech industries, the paper identifies Ulsan's chemical industry as the only RCA industry. Focusing on chemical industry products at HS 6-digit level, specific products are identified at the efficiency frontier for future policy considerations.

• Korea Trade Review
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• v.48 no.4
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• pp.303-320
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• 2023

Recently, import and export companies have been using T/T remittance and Surrender B/L more frequently than L/C when selecting the process and method of trade payment settlement. The new trade and logistics environment is thriving in the era of the Fourth Industrial Revolution (4IR). Document-based trade transactions are undergoing a digitalization as bills of lading or smart contracts are being developed. The purpose of this study is to verify whether exporters choose export payment types based on negotiating factors. In addition, we would like to discuss the application of the characteristics of the new trade and logistics environment. Data for analysis was collected through surveys. The collection method consisted of direct visits to the company, e-mail, fax, and online surveys. The survey distribution period is from February 1, 2023, to April 30, 2023. The questionnaire was distributed in 2,000 copies, and 447 copies were collected. The final 336 copies were used for analysis, excluding 111 copies that were deemed inappropriate for the purpose of this study. The results of the study are shown below. First, among the negotiating factors, the product differentiation of exporters did not significantly affect the selection of export payment types. Second, among the negotiating factors, the greater the purchasing advantage recognized by exporters, the higher the possibility of using the post-transfer method. In addition to analyzing the results, this study suggests that exporters should consider adopting new payment methods, such as blockchain technology-based bills of lading and trade finance platforms, to adapt to the characteristics of the evolving trade and logistics environment. Therefore, exporters should continue to show interest in initiatives aimed at digitizing trade documents as a response to the challenges posed by bills of lading. In future studies, it is necessary to address the lack of social awareness in Korea by conducting advanced research abroad.

• Korean Journal of Labor Studies
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• v.19 no.1
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• pp.1-34
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• 2013

Labor share of income in Korea has fallen from 90% in 1996 to 79% in 2010. This paper explores the factors driving the movements in the labor share of income based on a panel dataset containing 19 years of data on 18 Korean manufacturing industries. The effects of technical progress, globalization and the bargaining power of labor and capital on the labor share of income are tested for the period of 1991-2009. The main empirical results are as follows. (1) Capital-aug menting technical prog ress measured by capital-labor ratio and R&D intensity has a negative effect on the labor share. (2) Market openness measured by the value of export and import as a ratio to value-added production is found to have a positive impact. (3) Globalization of production measured by inward-FDI and outward-FDI as a ratio to total domestic fixed capital is found to have a negative impact on the labor share. (4) Union density is found to have had a statistically significant effect in 1991-1998. This finding is consistent with the efficient bargain model in which firms and workers bargain over both wages and employment. But union density is insignificant in 2000-2009. This implies that since the financial crisis in 1997, the bargaining institution in Korea has been approaching the right-to-manage model in which firms and unions bargain over wages and then firms set employment unilaterally. (5) Variables for domestic financialization measured by dividend-income ratio and financial-fixed assets ratio have an insignificant effect on labor share.

• The Optical Journal
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• s.149
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• pp.65-72
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• 2014

중소기업청이 '2014년도 중소기업 정책자금 운용계획'을 발표했다. 올해 정책자금 예산규모는 3조 8200억 원으로, 지난해의 예산규모(3조 8500억 원) 대비 소폭 줄었다. 중소기업의 투자촉진을 위한 시설투자 자금인 신성장자금이 전년 대비 2000억 원 확대된 8350억 원이 배정됐다. 청년창업활성화를 위한 청년창업전용자금과 재기 중소기업인을 위한 재창업자금 규모도 각각 1500억 원, 500억 원으로 전년 대비 170억 원, 100억 원 늘었다. 일자리 창출기업에 대한 우대금리도 확대했다. 기존에는 지원업체 중 추가 고용 1인당 0.1%포인트씩 최대 1.0%포인트 금리를 인하했지만, 올해는 금리 인하 한도를 2.0%포인트까지 늘렸다. 10명 이상 고용을 창출한 기업은 개별기업 융자한도(45억원)에 예외를 적용해 70억 원까지 대출 가능하다. 창업촉진을 위해 창업자금 지원기업의 업력을 기존 5년에서 7년으로 확대하고, 청년전용 창업자금의 대출기간을 3년에서 5년으로 연장했다. 창업자금의 가산금리 조건부 연대보증 면제 대상 조건도 기존 기업평가등급 4등급 이상에서 5등급 이상으로 완화했다. 또한 중소기업 성장사다리 구축을 위해 기술 사업성 우수기업의 장기 시설투자지원 전용자금을 신설, 중소기업진흥공단의 기업평가 우수기업에게 만기 15년 이내의 장기대출을 지원한다. 글로벌 성장사다리 선정기업에 대해서는 수출금융지원자금 대출 한도를 기존 10억 원에서 30억 원까지 확대한다. 이밖에도 소상공인을 위한 소공인특화자금의 시설자금 대출기간을 5년에서 8년으로 연장하고, 유턴기업의 사업장 신 증설 등을 위한 융자금을 최대 70억원까지 지원한다. 중기청 소관 R&D사업 성공기업을 위한 전용자금을 500억원 규모로 운용해 R&D 기업의 성공률을 제고하기로 했다. 올해 정책자금 금리는 민간 금융권의 저금리 기조를 고려, 1분기 정책자금 기준금리를 전 분기(3.57%) 보다 낮은 3.29%로 운영하기로 했다. 또 중소기업인들이 정책자금 신청 등에 어려움이 있었다는 지적에 따라, 올해부터 매월 1일부터 20일까지 중진공 홈페이지(www.sbc.or.kr)를 통해 온라인으로 신청받기로 했다. 제3자의 도움 없이도 손쉽게 자금을 이용할 수 있도록 신청서류를 간소화하고, 중진공 각 지역본(지부)에 융자신청 도우미를 배치할 방침이다.

• The Korean Journal of Financial Management
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• v.26 no.3
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• pp.31-64
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• 2009

This article investigates the short-term cash flow exposures to Korea's major trading partners' currencies based on the kospi and kosdaq firm data from 2000 to 2008. The cash flow approach allows us to analyze the influence on operational performances of individual firm's hedging strategies. Taken all three foreign exchange rates together, more than 30% of the sample firms exhibit significant exposure. Given that the short-term cash flow is rather easy to hedge, the result proves a poor exchange rate risk management practices of Korean firms. Kosdaq firms are more exposed than Kospi firms. On the contrary to the previous researches using stock prices, the operational cash flows show a positive relationship with the value of foreign currencies. The exchange rate-firm sample further shows that the size and leverage affect the level of exposure.

• International Commerce and Information Review
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• v.14 no.4
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• pp.27-47
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• 2012

The study aims to analyze how the variables for Korea, such as the exports, imports, FDI(Inward) and FDI(Outward), influence the economic growth and how they affect each other. For the purpose of empirical analysis, this paper used the quarterly time series data from 1980 to 2010, dividing the period before and after 1997(IMF). The variables used in this study were log-transformation from the original variables. This study empirically tests the relationship among variables by using VECM with considering the time-series properties of each variable. The results found from the study are as followings. Causality analysis using VECM proved that no causality between GDP and exports existed, whereas causality between GDP and FDI(Inward) existed, in which GDP affected FDI(Inward) since IMF. However, it was found that other periods and FDI(Inward) did not affect GDF and had no causality among them.

• Journal of Digital Convergence
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• v.13 no.1
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• pp.111-124
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• 2015

The economic growth in China takes the step of the Internet/Mobile revolution together. The high internet penetration provided the opportunity to increase the e-commerce market with fast speed. However, due to imbalance of the growth speed and preparation, the problems on various infrastructures and regulations were generated. Therefore, this study investigateed the current status of e-commerce market and sub-categories. This study also discussed about the problem of e-commerce logistics system, consumer protection, R&D investment, and human resources and provided the considerations for the future improvement. Finally, this study diagnosed the mobile payment and internet finance market and new e-commerce tax regulation, and then suggested institutional implications for the international standardization. This study is meaningful to provide the first implication to the Korean exporters after Chinese government had announced market open strategy for the 5 year e-commerce development plan.