• Korean Business Review
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• v.18 no.2
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• pp.21-43
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• 2005

Since China opened its market to foreign investors, overseas Chinese firms have been the biggest foreign investors. Because of the uncertain market environment, other foreign finns incurred larger liabilities of foreignness than overseas Chinese finns. Some parts of liabilities of foreignness stem from cultural differences and last for quite long time. Therefore better understanding of Chinese culture and guanxi network can give overseas Chinese finns competitive advantages over those from other countries by offering market information and reducing transaction costs. Also better management skills, information about export markets and abundant capital allow them to maintain competitive strengths over local firms. As foreign firms accumulate market knowledge in China, they can reduce liabilities of foreignness. However, it is very difficult for foreigners to understand Chinese cultures and to utilize guanxi network as well as Chinese. It is likely that Overseas Chines firms can have competitive strengths in some industries such as banking, retailing, and foreign trade, where relationship with local contractors and exploitation of worldwide Chines networks can play important roles to make successful business deals.

• Korean Journal of Microbiology
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• v.33 no.3
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• pp.216-222
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• 1997

13억의 인구와 370만 평방마일의 영토를 가진 중국은 공산주의 경제체제에서 자본주의 경제체제를 도입하여 시장개방, 자유경쟁 경제방식으로 전환함에 따라서 급격한 경제성장을 이루어 국제통화기금(IMF)의 1993년 보고에 의하여 국내총생산액(GDP)가 1조 6천억$로 미국, 일본에 이어 세계 3위의 경제 성장을 이루어 경제강대국으로 부상하고 있고 아울러, 무한히 넓은 땅덩어리와 천연 및 인적자원을 기초로 한 앞으로의 성장잠재력이 크게 기대되어 미국, 일본을 비롯한 선진국이 중국에 대한 투자를 다방면으로 검토하기 시작했고 생명공학분야도 예외없이, 연구분야에는 포장시험, 임상시험 등 실용화 연구에 중국측 강점을 이용한 협동연구, 중국정부 자체가 상업화 가능성이 높다고 판단하는 Torch High Technology Development Center에의 외국기업이나 연구소의 참여 등으로 확대되고 있다. 산업계는 벤쳐 케피탈의 활성화를 통한 첨단기술에 대한 투자를 적극적으로 실시하는 한편, 제약 및 생명공학분야의 합작투자를 통해서 외국의 기술, 장비, 자본 및 노하우를 도입하고 있다. 우리나라는 여러 산업 분야에서 대중국 투자 또는 협력이 활발히 이루어지고 있지만, 생명공학 분야는 그렇지 못한 것 같다. 연구개발의 국제경쟁력은 우리나라의 자체 연구개발도 중요하지만, 아울러, 외국에 대한 연구 동향을 파악함과 가능한 분야에 대한 투자와 협력을 통한 공동관심과제의 도출은 중요한 의미를 갖는다. 이러한 배경에서 중국의 Biotechnology분야에 대해서 서로의 이해증진과 공동연구 분야의 도출가능성을 타진하기 위해서 한국미생물학회 한국산업미생물학회가 중국의 Chinese Society for Microbiology의 공동 주최로 중국 상해에서 금년 4월 2일에서 4월 3일까지 2일동안 제 1회 한.중 생명공학 심포지움이 개최되었다. 필자는 심포지움에 발표자로 참석하였다가 심포지움 후, 방문했던 연구소인 Shanghai Research Center of Biotechnology, Shanghai Institute of Industrial Microbiology 및 Scientific Research Institute of Food and Fermentation Industry을 소개하고저 한다. 짧은 기간의 방문이라 주로 해당연구소의 자체소개 자료를 중심으로 방문하면서 느낀점을 기술하고저 한다.

• The tire
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• s.184
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• pp.7-16
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• 1996

• 해운
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• no.9 s.31
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• pp.43-43
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• 2006

• The Korea Swine Journal
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• v.17 no.8 s.192
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• pp.58-64
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• 1995

• Electric Engineers Magazine
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• v.266 no.10
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• pp.34-39
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• 2004

중국 경제가 세계 경제의 중심으로 부상하고 있다. 이에 대규모의 전력설비투자가 확대고 있는 중국전력계통의 전력수급, 발전설비, 송변전설비, 전력회사, 전력설비제조회사의 현황과 전망을 소개하여 중국의 전력설비에 대한 전력기술인들의 이해를 돕고자 한다. <중략>

• Management & Information Systems Review
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• v.36 no.3
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• pp.113-130
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• 2017

This study examines the effect of direct investment in Asia on firm value for nonfinancial firms listed on KRX between 2006 and 2015. We also explore whether the mediating effects of cashholdings the relationship between direct investment in Asian markets and corporate value. Recently, companies are increasing their cash holdings for risk management. Cashholdings are causing agent problems, which has a negative impact on corporate value. In this case, when the company conducts active investment activities such as foreign direct investment, it is possible to supply the appropriate funds in a timely manner, thereby cashholdings increase the possibility of success of foreign direct investment and alleviate the agent problem of cash holdings. For the analysis, the number of directly invested firms in Korean listed firms is used as the explanatory variables for the Chinese and Vietnamese markets where foreign direct investment is the most active, and cash holding is set as the moderating variable. As a result, direct investment in China and Vietnam showed a positive (+) relationship with firm value, and cashholdings have a positive the relationship between foreign direct investment and firma value. The implications of this paper are as follows. First, it is suggested that the direct value of direct investment can be enhanced the relationship between direct investment and firm value in Asia. In addition, it can be suggested that cash holdings play a role of effective investment supply in firms that implement foreign direct investment, positively affecting corporate value.

• Corrugated packaging logistics
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• s.66
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• pp.59-63
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• 2006

상하이리화국제전시회유한공사는 Reed Exhibitions (세계 최대의 전시회 주최기업)과 화인미디어(Huayin Media)그룹 (중국인쇄포장업계 최대규모의 종합자문미디어 전문 서비스기업)이 중국에 투자하여 설립한 합자회사로 중국인쇄포장업계 중 최대의 전시회 주최기업이며 중국 최대규모와 최대의 영향력을 가지고 있는 전시회 전문기업입니다.

• Korea Trade Review
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• v.48 no.2
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• pp.1-26
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• 2023

The purpose of this study is to demonstrate how internal capability adjustments made by subsidiaries in response to local market adaption and market changes, together with the use of internal and external networks, have an impact on the investment performance of such subsidiaries. From the empirical results, it was proven that the larger the extent of internal capability adjustment made by subsidiaries, and the more quickly and flexibly it is implemented, the more positive the investment performance is. The empirical findings also showed that in this process, the use of internal/external network embeddedness has a positive mediating impact on the investment performance. Additionally, the results of statistical analysis support the research hypothesis that external embeddedness has a greater mediating influence on multinational manufacturing companies entering Chinese market than internal embeddedness. It implies to the top managers of subsidiaries that the subsidiary should actively utilize external embeddedness to create a new locational competitive advantage in the local region, as well as develop a strategy to reduce foreignness costs such as cost of adapting to the local system.

• Analyses & Alternatives
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• v.8 no.2
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• pp.87-115
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• 2024

This study examines the effect of R&D investment on firm performance and value of Chinese private firms. Through R&D investment, firms aim to acquire knowledge and technological resources to create innovation and competitive advantage, which ultimately enhances firm performance and value. However, unlike other investments, R&D investments are characterized by high adjustment costs and risks, uncertainty and asymmetric information. In addition, the effect of R&D investment on firm performance and value has been shown to be mixed results due to various internal and external contextual factors. Therefore, this study intends to consider how the ESG activities of firms, which have recently attracted attention, act as a contextual factor in the results of R&D investment. This is because interaction with stakeholders through ESG activities is considered to be an important factor in securing competitive advantages and sustainable growth. In this context, this study measures the effect of a firm's R&D investment on its business performance by dividing it into financial performance and value, respectively, and examines the moderating effect of ESG score on the relationship. Based on empirical analysis of all Chinese private firms from 2010 to 2019, the results show that a firm's R&D investment has a negative impact on performance and a positive impact on value. Furthermore, a high ESG score of private firms positively moderates each relationship, emphasizing the importance of ESG activities.