• KDI Journal of Economic Policy
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• v.27 no.1
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• pp.39-79
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• 2005

This paper addresses the question of whether a monopolistic banking system can lead to a higher steady state level of capital stock. Information externality has enhanced as the advance of the financial system such as the establishment of the credit bureau system, networking, etc. Hence this paper aims to analyze the effects of both information externality and economic development on the determination of the optimal banking market structure. This paper shows that the presence of information externality together with asymmetric information would explain how a monopoly bank leads to a higher steady state level of capital stock. It also shows that not only under-developed countries but industrialized countries may also benefit from a concentrated banking system. This analysis provides an alternative explanation of the recent deregulation and resulting trends in mergers and acquisitions. This also provides a theoretical foundation to support governments' policy changes toward promoting merger and acquisition activities.

• Journal of Korea Game Society
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• v.15 no.1
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• pp.115-124
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• 2015

This research analyzed the case of Ncsoft to study the organizational learning, exploitation and exploration that create dynamic capability in hypercompetitive environment. First of all, we demonstrated the activities of exploitation and exploration in Ncsoft according to the life cycle of online game industry. An exploitation related to routine, learning and fit with existing environment brings about incremental innovation. In contrast, an exploration associated with non-learning, flexibility with changing environment results in radical innovation. We examined them based on the life cycle of its various game services. NCsoft that built the leading position in online game industry focused the exploitation activities at the stage of beginning period and growth, whereas NCsoft has increased the activities of exploration at period of mature. In addition, the firm conducts an exploration for its brand new game services and R&D. Conversely, An exploitation is conducted for sustainable updating of patch service and marketing and system building. The result implies that online game companies create sustainable competitive advantage using the balance between exploitation and exploration.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.1
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• pp.587-595
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• 2018

Countries that have been banned from building nuclear plants are becoming more tolerant in response to global warming and climate change. Thus, the construction of future nuclear plants will increase, and the competition will also intensify. A nuclear power plant has a long construction period compared with conventional construction projects. In order to gain a competitive advantage in nuclear power plant construction, the construction period must be decreased. Therefore, the purpose of this study is to develop an exterior wall form for a reactor containment building to reduce the construction time by increasing the height of the form. The structural safety, constructability, and economic feasibility were analyzed to assess the applicability of the proposed form. The proposed form was determined to be structurally safe. Furthermore, the construction period was shortened by reducing the duration of the construction units, and the total construction cost and interest were also reduced. Therefore, the proposed form could contribute to reducing the construction period for nuclear power plants.

• Journal of Korea Society of Industrial Information Systems
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• v.22 no.6
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• pp.85-94
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• 2017

In this study, we argue from the Resource-Based View and Signaling Theory that Independent and Corporate VC firms have Different Impacts on time to IPO due to their Different Interests, Motivations, and Resources. Independent VC firms are primarily Financial Oriented, but Corporate VC firms generally are Strategic in Orientation. The results of this study indicate that the time to IPO is differentiated between Corporate VC firms and Independent VC firms. The results show that Independent VC firms have shorter the time to IPO compared to the time to IPO of Corporate VC firms. In addition, this study suggests that it is necessary for firms to select a venture capital that suits their situation and secure a competitive advantage. Using a sample of 300 IPOs from 2010 to 2016, we found Support for the Hypotheses that Independent VC and Corporate VC Ownership are Positively Associated with Time to IPO, whereas Time to IPO of Corporate VC Ownership is Longer than that of Independent VC Ownership.

• Culinary science and hospitality research
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• v.16 no.1
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• pp.191-208
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• 2010

The hotel business should enhance a service quality in order to improve management skills and profits. However, when compared the size of foodservice industry and hotel, it is show that the hotel management systems are insufficient. In this respect, this study examines how the culture of hotel business affects to service quality. The results of the analysis are as follows. First, the culture of hotel business affects restaurant tendency. Consequently, the hotel, which is open-minded culture, copes with the external changes in a flexible manner. Second, the culture of hotel business affects hotel management skills. Good culture of the business creates the positive result toward the employees, customers, prime cost and inventory control. Third, hotel restaurant tendency affects to efficient hotel service quality and management performance. Fourth, change of hotel management skills brings difference of service quality and management performance. Good hotel management skills will be able to raise the competitive power between hotels. In the future, various empirical researches are continuously expected. By doing so, the result of the study helps to scholars and hotel managers.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.46 no.8
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• pp.679-686
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• 2018

In previous paper[1], the authors had compared the current status of European and US rotorcraft development status. In this paper, more detailed procedures have been studied how the European rotorcraft technologies are developed preparing for 21 st century to be more competitive to US. For the systematic procedure to develop next generation aviation technologies including rotorcraft, the pan-European organization, ACARE, was established, and proposed major research agenda for next generation aviation technologies and businesses. Based on the proposed research agenda, all the R&D programs supported by EU are reorganized to be more efficient and competitive. The procedures for the rotorcraft technologies are, first, cabin noise/vibration reduction program (FRIENDCOPTER), second, core technologies to increase of rotor efficiencies and reduce rotor noise (GRC), and then finally to develop fast/long-range next generation rotorcraft (Fast Rotorcraft). As mentioned in previously, all the R&D procedure has to satisfy basic research agenda especially the environmental impact. With theses procedure, the European rotorcraft business had successful achievements not only in current and future market share, but also preparing for next generation rotorcraft platform such as compound and tilt-rotor rotorcraft satisfying market needs.

• THE INDUSTRY AND TECHNOLOGY OF GAS
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• v.2 no.1
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• pp.6-21
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• 1998

에너지는 인류문명발달의 원동력이며 현대 산업사회에서는 모든 산업활동과 국민경제에 필수적인 요소이므로 세계 거의 모든 나라들은 에너지의 안정확보를 국가정책의 제 1로 삼고 있다. 세계적으로 볼 때 시대의 변천에 따라 에너지의 주역도 바뀌어 산업혁명 후 제2차 세계 대전까지는 석탄이 주역이었고, 2차대전 후 1970년대 석유위기 전까지는 석유가 단연 주역이었다가 석유위기 후 1980년대는 천연가스와 원자력이 상당부문 석유를 대체하고 있으며, 21세기에는 가스이용기술의 개발에 따라 편리성과 경제성에서 가스의 우월성으로 타에너지를 대체하고, 특히 지구온난화방지 노력과 관련하여 전세계적인 $CO_2$ 감축 목표에 따라 청정연료로서 타에너지 보다 사용이 크게 늘어 2010년까지는 1995년의 $50\%$가 증가하여 21세기 연료의 주역이 될 것으로 전망된다. 우리나라는 에너지의 $98\%$를 외국에서 도입하는 상황에서 석유의존도가 $60\%$를 넘고 있으며, 원자력발전소의 확장에 어려움이 많고 세계기후변화협약을 비준한 국가로서 지구온난화방지를 위한 의무를 지게 될 것이므로, 에너지 공급원의 다원화를 통한 안정확보와 청정에너지 이용의 확대 및 에너지 산업에 대한 규제완화 등으로 경제성에 입각한 시장경쟁에서 가스는 우위를 확보함으로써 1차 에너지중 가스의 비중이 매우 높아질 것으로 전망되고있다. 따라서 가스산업은 우리나라 에너지산업중 가장 크게 발전하고 또 다른 에너지가 여러면에서 제약을 받게 될 때 이러한 제약을 극복하는 대체에너지로서 역할이 크게 전망되며, 특히 발전, 열병합, 냉방, 자동차 연료부문에서의 사용이 크게 늘어날 것으로 예상되어 이러한 가스이용의 확대에 대비하여 가스자원의 개발, 국내 공급설비의 확충, 연구개발등에 대한 투자와 규제완화에 의한 시장경쟁에 대한 대비가 필요하다.계산모델 및 원자력병원에서 보유하고 있는 방사선 치료계획장치인 CAP-PLAN의 선량계산모델의 계산 결과와 비교하여, 흡수선량은 ${\pm}10\%$ 이내에서 거리로는 0.4mm 이내에서 대부분 일치하였다. 최대 오차는 각각 $11.3\%$ 및 0.8mm로 나타났다. 이상의 결과들로부터 새로 개발한 금으로 된 기구와 Ir-192 seed를 이용한 근접 방사선 치료법으로 안구의 악성종양에 대한 치료를 보다 효과적으로 시행할 수 있을 것으로 기대된다. 구성원을 간소 목적을 위하여 사용할 수 있어야 하겠다 마지막으로 이들 내의 위험 집단을 우선적으로 파악. 접근하여야 할 것이다. 위험 집단으로는 경제적 문제로 적절한 의료 이용을 할 수 없는 저소득층, 문화적으로 열등한 위치에 있는 여성층과 초기 이민 적응에 가장 문제를 일으킬 소지가 있는 노년층을 들 수 있겠다. 이 연구는 몇 가지 제한점을 가진다. 첫째. 연구 대상자 선정이 어려워서 자원자를 대상으로 연구가 행해졌다. 둘째. 적은 수의 연구 대상자를 대상으로 연구가 행해졌다. 셋째. 연구기간이 짧았던 까닭에 좀더 상세한 사례 연구가 이루어질 수 없었다 좀 더 신뢰할 수 있는 표본 추출 방법을 통하여 선정된, 많은 연구 대상자를 가지고, 심도 있는 연구가 추후 반복적으로 이루어져야 할 것이다.더욱 더 발전을 거듭하고 있으며, 외식은 여행과 여가 활동의 필수적인 요소로써 그 역할을 일조하고 있다. 이와 같은 여가시간의 증가는 독신자들에게는 좀더 많은 여유시간을 가족을 이루고 있는 가족구성원들에게는 가족과의 유대를 강화하는 휴식과 오락의 소비 트렌드를 창출시켰다. 이와 더불어 외식은 식사를 해결하기 위한 단순한 수단에서 벗어나 동기와 동반자에 따라 달라지는 행동 패턴을 나타내고 있으며, 연령과 목적에 따라 세분화되는 분명한 선호도를 나타낸다. 지난 10여 년간 외국으로부터 수입된 다양한

• The Journal of the Korea Contents Association
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• v.21 no.3
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• pp.490-504
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• 2021

The online market is gradually increasing due to the increase in single-person households, the development of information and communication technologies, the emergence of various new products, and price comparison competition. Companies need differentiation strategies to adapt to changes in the online environment and secure a competitive edge. In this environment, the objective is to consider the importance of consumer perception of websites in order to generate continuous growth and revenue in the online market as well as to differentiate them from competitors using an online service environment that can affect consumers' internal responses. In this study, we present aesthetic, functional, privacy, and interaction factors as components of e-servicescape to study the impact of e-servicescape on website trust, brand attitude, and repurchase intention. In the data analysis, 485 ordinary people with online shopping experience were surveyed. The questionnaire was based on a 7-point Likert scale for each question and statistical analysis was conducted using SPSS 24.0 and AMOS 25.0. The analysis shows that in e-servicescapes aesthetic and privacy factors influence website trust and brand attitudes and consequently affect repurchase intention.

• Journal of Technology Innovation
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• v.31 no.2
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• pp.303-332
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• 2023

This study comprises critical questions of "What kinds of intangible resources are significant to create and reinforce competitive advantages for the small and medium-sized enterprises(SMEs) that significantly influence the national economy? What kinds of capacities do SMEs need in consideration with the large changes in market environment and during crisis? With large changes to market environment, would different capacities affect performance of platform and general SMEs?" To examine these questions, I have provided Entrepreneurial Orientation, Absorptive Capacity, and Organizational Resilience as key capacities that influence the competitive advantage and performance of SMEs. In particular, I have substantiated the control effect of Organizational Resilience (a rising key capacity for enterprises in recent times) on Corporate Performance. Moreover, I have analyzed the control effect of Organizational Resilience on Corporate Performance by comparing platform and general companies, and also substantiated how control effects may vary depending on sub-factors of Organizational Resilience. The results of this study indicate that Entrepreneurial Orientation and Absorptive Capacity significantly and positively influence Corporate Performance. Organizational Resilience also demonstrate a positive influence on Corporate Performance. Notably, sub-factors of Organizational Resilience (risk preparation capacity, risk response capacity, and change initiative capacity) significantly control correlation between Entrepreneurial Orientation and Corporate Performance. Risk preparation capacity and change initiative capacity significantly control correlation between Absorptive Capacity and Corporate Performance. Additionally, the control effect of risk preparation capacity significantly control correlation between Entrepreneurial Orientation and Corporate Performance. Also, the control effect of risk response capacity correlations between Entrepreneurial Orientation and Corporate Performance demonstrated themselves significantly only in platform enterprises. The study's results indicate that Organizational Resilience not only directly influence Corporate Performance, but also strengthens Corporate Performance via mutual interaction with Entrepreneurial Orientation and Absorptive Capacity, although the control effect of Organizational Resilience may vary between platform enterprises and general enterprises. I expect such results to provide practical value to the management of small and medium-sized enterprises (SMEs).

• Management & Information Systems Review
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• v.30 no.2
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• pp.237-255
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• 2011

This empirical study is focused on practical application of Range-Based Volatility which is estimated by opening, high, low, closing price of overall asset. Especially proper forecasting period is what I want to know. There is four useful Range-Based Volatility(RV) such as Parkinson(1980; PK), Garman and Klass(1980; GK) Rogers and Satchell(1991; RS), Yang and Zhang(2008; YZ). So, four RV of KOPSI 200 index during 2000.5.22-2009.9.18 was used for empirical test. The emprirical result as follows. First, the best RV which shows the best forecasting performance is PK volatility among PK, GK, RS, YZ volatility. According to estimating period forcasting performance of RV shows delicate difference. PK has better performance in the period with financial crisis of sub-prime mortgage loan. if not, RS is better. Second, almost result shows better performance on forecasting volatility without sub-prime mortgage loan period. so we can say that forecasting performance is lower when historical volatiltiy is comparatively high. Finally, I find that longer estimating period in AR(1) and MA(1) model can reduce forecasting error. More interesting point is that the result shows rapid decrease form 60 days to 90 days and there is no more after 90 days. So, if we forecast the volatility using Range-Based volaility it is better to estimate with 90 trading period or over 90 days.