• Product Safety
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• s.13
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• pp.18-21
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• 1993

• Korea Trade Review
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• v.43 no.3
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• pp.1-26
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• 2018

This study estimates the technical efficiency and total factor productivity(TFP) of and analyzes the relationship between TFP and exports for Korean manufacturing companies from 2000 to 2016. Specially, TFP is decomposed into Technical Change(TC), Technical Efficiency Change (TEC), and Sale Effect(SE), and compared between large and small enterprises. First, in the case of technical efficiency, the Korean economy has been very vulnerable to external shocks, such as the sharp decline following the 2008 financial crisis. The efficiency of the electronics, automobile, and machinery sectors is low and needs to be improved. In addition, the technological efficiency of large enterprises is higher than that of SMEs in most manufacturing sub-sectors except for non-ferrous metals. In the case of TFP, most changes are due to TC, and the effective combination of labor, capital and the effect of scale have little effect, suggesting that improvement of internal structure is urgent. In addition, volatility due to the impact of the financial crisis in 2008 was much larger in SMEs than in large companies, so external economic impacts are more greater for SMEs than large enterprises. The relationship between TFP decomposition factors and exports shows that TC has a positive effect only on exports of SMEs. Therefore, in order to increase exports, in the case of SMEs, R&D support to promote technological development is needed. In the case of large companies, it is necessary to establish differentiated strategies for each export market, competitor company, and item to link efficiency and scale effect of exports.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.1
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• pp.47-65
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• 2023

As stakeholder demands and sustainable finance grow, ESG management and ESG evaluation are becoming important. SMEs should also prepare for the trends of ESG rating practices that affects supply chain management and financial transactions. However, SMEs have no choice but to focus on survival first, so there are restrictions on putting into ESG management. In addition, there is a lack of research on the legitimacy of ESG management by SMEs, and volatility in ESG evaluation systems and rating grades is also increasing. Accordingly, it is necessary to review ESG evaluation trends and practical guidelines along with the review of previous studies. As a result of the exploratory study, SMEs need to implement ESG management and make efforts to specialize in ESG related new businesses under conditions in which their survival base is guaranteed in terms of implementation strategies. In addition, it is necessary to focus on the strategic use of various evaluation results along with accumulating information favorable for ESG evaluation through organizational learning and software management. The implications of this study are that various studies such as the classification criteria for SMEs and the relationship between ESG evaluation grades and long-term survival rates are needed in ESG evaluation of SMEs. At the government policy level, it is time to consider the ESG evaluation system exclusively for SMEs so that ESG management can be implemented and ESG evaluation at different levels by industry and size.

• Proceedings of the Korea Technology Innovation Society Conference
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• 1999.11c
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• pp.425-441
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• 1999

우리 경제가 작금의 IMF 구제 금융체제를 조기에 극복하고, 21세기 선진국 경제체제로의 도약을 위해서는 글로벌 환경변화에 능동적으로 대처할 수 있는 산업의 국제경쟁력 제고가 절실하며, 특히 산업파급 효과가 크고 부가가치의 실현가능성이 높은 정보통신 산업 분야에서의 기술적/사업적 경쟁우위의 확보가 중요하다고 하겠다. 또한 선진국을 중심으로 전개되고 있는 지식기반 경제의 확립을 통한 지속적인 발전 및 세계적인 확산, 지식자원을 기반으로 한 국가 및 개별기업의 경쟁력 제고, 개인·산업·국가 수준의 네트워크 구축을 위한 제휴전략의 확대 등과 같은 새로운 페러다임의 형성에 효율적으로 대처하기 위해서는 제조업을 중심으로 한 대기업-중소기업이란 이분법적 구조에 따른 보유수준위주의 경쟁자원의 개념을 뛰어넘는 새로운 개념으로서, 벤처기업의 육성 및 지식자원의 ‘창출-변환-확산’을 통한 경쟁우위를 확보할 수 있는 효율적인 방안의 마련이 필요하다. 따라서 본 연구원에서는 정보통신 기술 집약형 중소기업의 지식자원 확충을 통한 경쟁력 제고를 위한 방안 마련의 일환으로 전문 인력의 투입(지식창출), 전문 인력의 관리/유지시스템(지식변환), 전문인력 양성제도/정책(지식자원 확산인프라)의 3 측면에서 문제점과 개선점에 대한 분석, 및 효율적 정책방안을 제시하였다.

• The Korean Journal of Financial Management
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• v.20 no.1
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• pp.29-60
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• 2003

This study investigates the certification role by the types of venture capitalists in KOSDAQ IPOs. The sample covers 88 venture companies listed on KOSDAQ from January, 1997 to December, 2001. The major results are as follows. Firstly, IPOs of firms backed by New Technology Business Investment Companies are less underpriced than those of firms backed by Small Business Investment Companies. The underpricing difference between two groups is statistically significant. This sheds light on the evidence of the certification role of venture capitalist in KOSDAQ IPOs market. Secondly, our result also attests the certification role by the types of venture capitalists among Small Business Investment Company. IPOs backed by yen拉re capitalists of financial institutions are less underpriced than those backed by venture capitalists of individual wealthy investors. The underpricing difference between two groups is statistically significant. Finally, underpricing of New Technology Business Investment Company-backed IPOs is less than that of Small Business Investment Company-backed IPOs. In addition, we found that the size of underpricing is affected by business history, sub-scription ratio, and total assets prior to registration.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.75
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• pp.117-136
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• 2017

Trade finance services have been played an important role in the Korea trade development history since 1960's. These days the trade environment is confronted by the 4th Industrial revolution and new trade protectionism. So we need to improve the Korea Trade Finance Services in order to improve Korea trade volume. Bank of Korea(BOK) also revised the Rule of Korea Trade Finance in 2014 and enlarged the trade fund for commercial banks where they handle the trade finance to small and medium enterprises(SME) in 2016. This article handle the current state and problems of Korea trade finance services and suggest the improvement measures as follows; First, the commercial banks, which handle trade finance fund, should improve the customs and practice of judge loan for SMEs. Second, the export volume counting rule for trade loan should harmonize between BOK's Rule and Foreign Trade Management Regulation under the Foreign Trade Act. Third, the processing trade and intermediate trade also can use the trade finance like other trade. Fourth, Trade finance should be in balance between export and import finance to defend the new protectionism. It means that the trade finance should expand to import in the certain conditions. Lastly, the related trade promotion agencies and their employees should improve their skills and abilities for handling trade finance.

• Information Systems Review
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• v.22 no.1
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• pp.73-89
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• 2020

This study started to identify the "Forward-looking" of the technology appraisal model introduced to diversify financing methods of SMEs and improve financial accessibility. The multivariate regression analysis was performed by setting the business performance(growth, profitability, and stability) of technology financing companies as dependent variables, technology appraisal items as independent variables, number of employees, age of the company, asset and the Korea Standard of Industry Classification related to firm size and industry characteristics as control variables. As a result of the analysis, the technology appraisal items did not explain the profitability of the company significantly and had a limited explanatory power on growth potential. However, in terms of stability, we confirmed that R&D capacity is a significant variable explaining the debt ratio of technology financing companies. Therefore, it is concluded that the 'Forward-looking' reflection on the growth and profitability of the company should be strengthened in the future adjustment of the technology appraisal model and the development of the technology appraisal model for investment.

• The Journal of Information Systems
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• v.6 no.1
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• pp.63-79
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• 1997

최근 들어 급격하게 변화하는 금융환경과 우수고객을 확보하려는 금융기관의 치열 해짐에 따라 금융기관의 대출업무의 전문성과 중요성이 더욱 증대되고 있다. 본 연구에서는 대출 업무에 있어 복잡하고 전문적인 지식이 요구되는 기업신용평가 과정에 전문가시스템을 적용하여 이를 실제 상황에 활용하여 봄으로써 대출 의사결정과정의 정확성과 신뢰성을 증 가시키고자 하는데 초점을 맞추고 있다. 실제적용을 위하여 25개의 중소/대기업으로 데이터 를 수집, 적용하여 시스템을 평가하였다.

• The Magazine for Energy Service Companies
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• s.77
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• pp.14-17
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• 2012

에너지 절약은 이제 개인과 사회의 이익을 넘어 국제적 기후변화 협약 등과 맞물려 한 국가 사활의 문제로 대두되고 있다. 올해 에너지이용합리화자금은 당초 총 5298억원으로 6월중순까지 ESCO투자사업 2021억원, 목표관리업체 투자사업 1239억원, 절약시설 설치사업에 1382억원 등 총 4643억원이 접수됐다. 에너지관리공단은 6월 현재 총 예산대비 약 88%의 자금이 접수 추천되었으며, 이후에도 잔여예산이 발생하는 경우 7월 이후부터 사업별 또는 대 중소기업 구분 없이 잔여예산을 모두 지원할 계획이라 밝혔다. 그러나 ESCO 업체들은 턱 없이 부족한 에너지이용합리화자금만을 기대할 수는 없다. 기업은 스스로 ESCO 사업을 적용, 확대하는 전략을 짜야하고 이에 발맞추어 기관은 정책자금의 확대 필요성을 국내 산업의 에너지 절약 중요성과 해외의 선진 사례를 통해 공론을 조성할 때다. 뿐만 아니라 국가는 ESCO 산업에 대한 금융기관과의 공감대를 형성하고 ESCO 민간금융을 확대하는 원활한 자금조달 방법을 강구해야 한다. 이에 해외 ESCO 파이낸싱의 사례와 국내 민간융자자금에 대해 살펴보고자 한다.

• International Commerce and Information Review
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• v.15 no.3
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• pp.289-310
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• 2013

In the past, an policy measures for the promotion of the export has actively used trade finance, but also in its effect there is no doubt. However, in 2008 the bankruptcy of Lehman Brothers triggered the global financial crisis. As a result, the need to effectively manage liquidity risk posed, and was a debut for Basel III. Focusing on trade finance banks are being made. Domestic commercial banks have not been able not utilize various trade finance techniques. In these situations, the introduction of Basel III can discourage trade finance. Therefore, responses should be prepared for it. Therefore, this study analyzes the status of trade finance system. And international regulation of the financial market are investigated for changes. Based on this, the development direction of Korea's trade finance is proposed.