• 발명특허
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• v.33 no.4
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• pp.34-43
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• 2008

• The Journal of the Korea Contents Association
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• v.14 no.10
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• pp.227-236
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• 2014

The purpose of this paper is to explore the possibility for Korean entertainment companies to enter into debt financing. In particular, this study focuses on the possibility of issuing corporate bond and the asset backed securities (ABS) by two leading entertainment companies in Korea: SM Entertainment (SM) and YG Entertainment (YG). Depth interview with specialists such as investment bankers (IB), bond brokers, and financial directors and executives in entertainment companies was done. The results show that IB's opinion on issuing corporate bonds by SM and YG is positive. However, they may need to meet four requirements including maintaining stable cash-flow, diversifying sales source, enhancing accounting and legal transparencies and verifying managerial capabilities. In addition, Psy' s 'Gangnam style', his global hit song, turns out to have high potential as a base asset for ABS.

• Korea Trade Review
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• v.41 no.4
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• pp.61-90
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• 2016

This study aims to identify the sources of productivity change in export manufacturing firms. After estimating the Malmquist productivity index, a panel regression was used to calculate the source of productivity change. Upon conducting a literature review of this field, six variables were selected as explanatory variables. The results of an analysis of 355 export manufacturing firms operating from 2009 through 2015 are as follows: First, both innovation activity and total assets had a positive impact on productivity change. However, employment cost intensity, equity ratio, and current ratio had a negative impact on productivity change in export manufacturing firms. Second, innovation activity and intangible assets had a positive impact on productivity change, but employment cost intensity, selling expense intensity, and equity ratio had a negative impact on productivity change in large export manufacturing firms. Third, innovation activity had a positive impact on productivity change, but employment cost intensity and equity ratio had a negative impact on productivity change in small and medium export manufacturing firms. Fourth, intangible assets had a positive impact on productivity change, but employment cost intensity, selling expense intensity, and current ratio had a negative impact on productivity change in export manufacturing firms listed on the Korea Composite Stock Price Index. Fifth, innovation activity and total assets had a positive impact on productivity change, but employment cost intensity and equity ratio had a negative impact on productivity change in manufacturing firms listed on the Korean Securities Dealers Automated Quotations. The managerial implications of this study are also discussed.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2021.11a
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• pp.104-106
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• 2021

본 연구에서는 중국 해운·항만기업의 자본구조를 분석하기 위하여 상장된 중국 해운·항만기업 29개를 표본으로 선정하여 패널회귀분석을 활용하여 실증분석을 수행하였다. 표본으로 선정된 해운·항만기업의 재무제표 데이터는 wind자신(資訊)(wind정보)에서 구득하였으며, 29개 샘플회사의 2006년부터 2015년까지 총 10년간의 재무상태표, 손익계산서, 현금흐름표 및 주가 자료 등을 활용하였다. 실증분석을 위한 주요 변수로는 자산부채비율을 종속변수로 두었고 자산구조, 경영위험, 기업규모, 실제세율, 수익능력, 지급능력, 운영능력, 업계특성 등의 변수를 독립변수로 선정하였다. 실증분석 결과 기업규모, 수익능력, 단기지급능력(유동비율) 등의 요인이 중국 해운항만기업의 자본구조에 영향을 미치는 것으로 나타났다.

• Management & Information Systems Review
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• v.28 no.3
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• pp.161-189
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• 2009

The sub-prime crisis led to the collapse of US investment banks which were considered highly competitive during the Asian Financial Crisis. The event gave us a lesson on importance of the financial supervision. Additionally concerns rise over the fact that the role model of the Capital Market Law, created for the purpose of developing the capital market, is the US investment banks. This paper investigates if the prudential regulations, among them especially the capital regulation, are able to prevent the risk the arises from Korean financial firms operating investment bank business. The current capital requirement regulation, Net Capital Ratio(NCR), is not sufficient, because it's nature of being a ratio makes the NCR ineffective when assets and liabilities are concurrently rising. We also verified the internal model which measured the market risk, by comparing the US investment and Korean banks' diversification effect. The result of the test is that it is difficult to conclude the internal model has a critical defect. This paper's contribution is that it is not sufficient use only the capital regulation in supervising financial markets.

• Journal of the Korean Geographical Society
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• v.44 no.4
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• pp.510-531
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• 2009

This paper aims to explain the changes of social spatiality in rural areas as seen on a sloping scale in reference of population structure and utilization of territorial assets. Guessing from the population characteristics of rural communities and farming activities in Hwangsan village of Uichon-Myeon, Geochang-Gun and Hanam village of Chogye-Myeon, Hapchon-Gun, it will become a society characterized by super-aged intensification and large-scale crop cultivation. Deokgok-Myeon and Yulji village of Hapchon-Gun are required to intake outside residents. They have to understand the complementary cooperation and become conscious of the relationship between existing residents and relocated people in Yudong village of Yokji-Myeon, Tonyoung-Si. Due to a decreasing population and the phenomena of the 'super-aged', the efforts to revive the spatial function as a living and working space while utilizing territorial assets could be challenged in these case study regions.

• 방재와보험
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• s.122
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• pp.36-44
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• 2007

BP 텍사스 시티의 석유정제소의 화재폭발은 2005년에 가장 많은 인명의 손실을 끼친 유동화자산의 화재폭발사고로서 15인의 생명을 앗아가고 200여 명의 사람을 다치게 하였다. 트럭 한 대의 역화(내연기관의 부정폭발)에서 시작된 점화원은 이성질체화시스템(ISOM) 대기암 통기구에서의 가연성 탄화수소 액체와 증발 기체를 발화시켰다. 화학안전위원회는 그 사고를 조사 및 검토한 후 BP사가 모든 면에서 기계적인 결함과 함께 안전성이 불완전하였음을 발견하였다. 본 고는 저자들이 미국화학안전위험조사위원회에 제출한 이들의 조사보고서를 번역 게재한 것이다.

• Defense and Technology
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• no.3 s.229
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• pp.80-91
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• 1998

오늘날 기동하는 장갑부대 및 기계화부대등 고가의 군사자산 보호는 제5의 위협으로 상정한바 있는 지상공격기(항공기, 유도미사일, 무인항공기 등)의 다양한 공격위협과 교전할 수 있는 전천후 방공능력이 절실히 요구되고 있기 때문에 서방 선진국은 저고도용 지대공 미사일(스팅어, 스타버스트, 미스트랄, RBS-70, 이글라 등)개발과 단일 장갑 차량에 "복합 방공무기체계"를 경쟁적으로 개발 및 운용하고, 중단거리 기동 방공체계를 연구 개발중이다. 특히 고도로 유동적인 장차전의 전장환경에서 적은 최신 무기로 공중침투 공격을 감행할 것으로 예상된다. 따라서 이 글에서는 선진국의 "저고도 대공방어 무기체계"를 고찰하고자 한다.

• Journal of the Economic Geographical Society of Korea
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• v.11 no.2
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• pp.233-250
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• 2008

This paper aims to analyze the characteristics of BTL, and to propose the effective models connecting BTL and project finance, through the analysis of current state and case study of BTL. The main results of this study are as follows. Firstly, BTL business have been increasing fast, and most of projects are middle size projects below 100 billion Won. Nextly, key suggestions for improving BTL business model are analyzed, which are, first, risk allocation between public and private interests, second, improvement of method for selecting private investment consortium, and third, alleviation of long-term burden of local finance. Finally, effective models for connecting BTL and project finance, which are, first, model for using asset backed securities, second, model for dividing project corporations into construction corporation and operation corporation, and third, model for risk allocation between public and private interests.

• Journal of the Korean Data and Information Science Society
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• v.23 no.2
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• pp.257-269
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• 2012

Global crisis expedites the change in the environment of industry and puts small size enterprises in danger of mass bankruptcy. Because of this, domestic small size enterprises is an urgent need of restructuring. Based on the small business data registered in the Credit Guarantee Fund, we estimated the survival probability in the context of the survival analysis. We also analyzed the survival time which are distinguished depending on the types of business in the small business. Financial variables were also conducted using COX regression analysis of small businesses by types of business. In terms of types of business wholesale and retail trade industry and services were relatively high in the survival probability than light, heavy, and the construction industries. Especially the construction industry showed the lowest survival probability. In addition, we found that construction industry, the bigger BIS (bank of international settlements capital ratio) and current ratio are, the smaller default-rate is. But the bigger borrowing bond is, the bigger default-rate is. In the light industry, the bigger BIS and ROA (return on assets) are, the smaller a default-rate is. In the wholesale and retail trade industry, the bigger bis and current ratio are, the smaller a default-rate is. In the heavy industry, the bigger BIS, ROA, current ratio are, the smaller default-rate is. Finally, in the services industry, the bigger current ratio is, the smaller a default-rate is.