• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.1
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• pp.173-188
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• 2023

This paper analyzed the Earnings management of firms selected as preliminary Unicorn. If a manager is selected as a preliminary unicorn firm, he can receive financial support of up to 20 billion won, creating a factor in managing the manager's earnings. The motive for management's earnings management is related to the capital market. Accounting information is used by investors and financial analysts, and corporate profits affect corporate value. Therefore, if the accounting earning is adjusted upward, the corporate value will be raised and investment conditions will be favorable. In this paper, earnings quality was measured by the modified Jones model of Dechow et al.(1995) by the ROA control model of Kothari et al.(2005) among the discretionary accruals estimated using an alternative accrual prediction model. Competing similar companies in the same market as the selected companies were formed, and the discretionary accruals were mutually compared to verify the research hypotheses, and only the selected companies were analyzed for the audit year and after the audit year. As a result of the analysis, it was found that the companies selected as preliminary unicorns had higher earnings management compared to the corresponding companies in question, which had a negative impact on the quality of accounting profits. It was found that the companies selected as preliminary unicorns continued to receive incentives for management's earnings management even after being selected. These results indicate that the companies selected as prospective unicorns are recognized for their value in the market through external growth rather than internal growth, and thus, incentives for management's earnings management to attract investment from external investors under favorable conditions are continuing. In the future preliminary unicorn selection evaluation, it was possible to present what needs to be reviewed on the quality of accounting earning. The implication of this paper is that the factors of management's earnings management eventually hinder investors and creditors from judging the reliability of accounting information. It was suggested that a policy alternative for the K-Unicorn Project, which enhances reliability were presented by reflecting the evaluation of earnings quality through discretionary accruals.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.1
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• pp.13-28
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• 2022

Korean Government Budget Supports for startups have been spiked and resulted in increasing the number and scaling up Startup Accelerating managers. It have skyrocketed the strong demand for their qualified roles. However, unclear role description and gap between required role and their capability have discouraged startup manager's self-efficacy resulted in declining their full commitment and causing poor role performance. The focus of this research falls on empirical analysis to the effect of startup accelerating manager's capability characteristics on their full commitment and performance to start-up support groups. This research is expected to deliver diverse policy alternatives to build up manager's core competencies to accelerate their self-efficacy leading their full role commitments and finally pushing up policy performance. In addition, this research will found more strong literature review for the following researches in this emerging fields. This research is brought four highlighting results with respect to four research problems. First, it propose proper concept of startup accelerating manager based upon its legal entitlement. Second, it drive required core competencies of manager for successful their accountability. Third, it analyze the unique features of startup accelerating manger's capabilities against business incubation manger. Fourth, it empirically analyze in coming with government startup funding, the effect of self-efficacy including employment status, job environment, etc. on their organizational commitment and job performance. This research reveal the required unique core competencies of manger into founder sourcing ability, project managing ability, startup proving and pivoting ability, consulting ability for successful investment raising. As of this empirical research results, First, manager's ability have positively effect on their job performance, full commitment, and self-efficacy. Second, self-efficacy have a mediating effect on manager's ability, job performance, full commitment. This research derive key policy implication of requiring to build up more accelerating ability, of manager from the basics to advance level by customized and algorithm based traing program. This accelerating ability buildup program will not only surge self-efficacy of manger resulting in making full commitment and better job performance, but also devote to categorizing the unique new feature and position of manger as seed investment and supporter.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.19 no.1
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• pp.55-73
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• 2024

Unicorn companies are attracting attention around the world as they are recognized for their high corporate value in a short period of time as an innovative business models. Their growth process presents good lessons for the startup ecosystem and have a positive impact on national economic development and job creation. However, previous studies related to unicorn companies are focused on 'event studies' and 'case studies' such as characteristics of founders, environmental factors, business models and success/failure cases of companies already recognized as unicorns rather than a multifaceted approach. The occurrence of unicorn companies and Macroscopic analysis of related factors is lacking. Against this background, this study are considering the characteristics of unicorns examined through previous research and the current status unicorns with a high proportion of technology companies, the purpose was to analyze the impact of the country's technological competitiveness, such as 'technology human resource index', 'R&D index', and 'technology infrastructure index', on the increase in unicorn companies. For statistical analysis, data published by various international organizations, the Bank of Korea, and Statistics Korea from 2017 to 2020 and unicorn company data compiled by CB Insights were used as panel data for 44 countries to be tested by multiple regression analysis. As a result of the study, it was confirmed that the number of science majors had a positive (+) effect on the increase of unicorn companies in the case of technology human resource index, and in the case of R&D index, the total amount of R&D investment had a positive (+) effect on the increase of unicorn companies, while the number of Triad Patents Families and the number of scientific and technological papers published had a negative (-) effect on the increase of unicorn companies. Finally, in the case of technology infrastructure index, it was confirmed that the number of the world's 500th-ranked universities had a positive (+) effect on the increase of unicorn companies. This study is the first to reveal the causal relationship between national technological competitiveness and unicorn company growth based on country-specific and time-series empirical data, which were insufficiently covered in previous studies. and compared to the UN's ranking of the global industrial competitiveness index and the OECD's total R&D investment by country, Korea is considered to have technological and growth potential, while the number of unicorn companies driving growth as leaders of the innovative economy is relatively small, so the research results can be used when establishing policies to discover and foster unicorn companies in the future.

• Journal of the Korean association of regional geographers
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• v.16 no.3
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• pp.275-294
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• 2010

In recent years, international migration of professional workers is significantly increasing as globalization has been deepened more and more. South Korea is not an exception for this case. Immigration of professional workers have steadily increased since 2000 in Korea, and the number reached approximately to 50,000 in 2009. In addition, it is a major trend that immigrants of short-sojourn are decreasing and ones of long-sojourn increasing. Our research shows that foreign language instructor has the greatest number of foreign professional immigrants. The next is professional immigrants related to business-activities. There are considerably entertainers, but they have greatly decreased since 2003. Majority of foreign professional immigrants settle down in a few metropolises. Especially, they reside in Seoul Metropolitan Area and Southeast coastal region. Professional immigrants trend to do with Korean on the base of their offices rather than residental communities in terms of adaptation, and they do not have strong will to reside permanently in Korea. Moreover, they are located at a blind spot of Korean government's foreign immigrant policy, comparing to foreign workers and female marriage immigrants.

• Korean Journal of Construction Engineering and Management
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• v.13 no.4
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• pp.110-119
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• 2012

Recently as the advent of knowledge-based competition, the major industrialized countries including Korea, are expanding their R&D investment and promoting policies for diffusing of R&D performance. For this, NASA, DoD and such agencies in the United States define Technology Readiness Level (TRL) as a quantified indicator for performance management, and also impose Technology Readiness Assessment (TRA) as a evaluation system, that evaluates technology maturity using TRL. These tools are judged to be very effective in R&D projects especially with the object of practical use. When this concept is applied to the domestic national construction and transportation R&D project for the purpose of practical use, it is expected that the evaluation system overcomes its weakness of focusing only on academic results and improves significantly on intent of achieving practical use. Thus in this study, TRL/TRA implementation model of construction and transportation R&D project for achieving purpose of practical use is presented through an analysis of TRL/TRA concept and domestic national construction and transportation R&D project's characteristics and current evaluation/management system.

• Journal of the Korean association of regional geographers
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• v.21 no.3
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• pp.461-473
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• 2015

The aim of this paper is to explore limits to the institutional formation and operation for network city as a case study of Daegu-Gyeongbuk Free Economic Zone (DGFEZ) in the introductory context. The legal and institutional framework of FEZ in Korea can be characterized by multi-dimensional, vertical or horizontal governance. However, in terms of its implementation process of DGFEZ, the density of the public-private network becomes relatively week, and consequently, the level of participation by local people was not institutionalized in a more collaborative way. With respect to the network city for DGFEZ, while at the initial stage its plan was highly focused upon the conceptual framework of the city, the process of its implementation was based upon a polarization strategy of individual unit and a performance-oriented type. Other evidence for it is that administrative organization in DGFEZ changed from development-based throughout investment attraction-focused up to region-based department. Therefore, there are limits to the institutional formation and operation for the network city in the context of DGFEZ.

• Journal of the Korean association of regional geographers
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• v.21 no.3
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• pp.474-488
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• 2015

Conflicts in the construction of large public facilities carried out as national projects are crucial issues we have to deal with. There are growing concerns for and oppositions to large construction projects in terms of environmental deterioration and the dissolution of local communities. In the case of projects that promise the creation of jobs and investment, the competition and disputes are increasing and being intensified. Therefore, there is a considerable amount of study on the competitions and conflicts between regions. Previous studies have focused on the procedures of public policy, governance structure, the role of local media. Contrary to the previous studies, this study investigates the spatial ways of constructing conflicts. Based on the analysis of the project of "Southeastern New International Airport", there is a mismatch between the spatial boundary of cost/benefit and agents (regions) of disputes. The agents of conflicts also show the politics of multiple scales by constructing alliances and breaking the network in the process of the airport project. The findings suggest that the conflicts on regional development should be understood as the construction of dynamic regional politics on regional development rather than as the by-product in the practice of policies.

• 한국신재생에너지학회:학술대회논문집
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• 2010.11a
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• pp.142-142
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• 2010

일반적으로 기술융합이라는 용어는 IT, BT, NT 등 성격이 다른 큰 범주에서 기술간의 결합으로 인식되고 있다. 현재까지의 기술융합 연구들은 IT기술을 중심으로 한 융합과 관련 국가 정책에 관한 것이 대부분을 차지하고 있어 큰 기술 범주 위주에 국한되어 있다. 하지만 동일한 목적을 위해 수행하는 유사 기술영영에서의 기술융합 역시 기술혁신의 수단으로 간과할 수 없는 영역이다. 실제로 미국, 유럽 등의 선진국에서는 기술융합 전담기관을 신설하여 프로젝트 내의 기술간 융합에 관심을 갖고 있지만, 국내에서는 프로젝트 범위의 기술융합 가능성 및 실효성에 대한 연구가 부족한 실정이다. 이에 본 연구에서는 지식경제부에서 수행하는 가스하이드레이트 연구개발사업을 실증사례로 하여 프로젝트 범위의 기술 융합에 관하여 기술융합의 필요성, 적용가능성, 실효성에 초점을 맞추어 고찰하였다. 가스하이드레이트 개발 사업은 지식경제부 내 가스하이드레이트 개발사업단 주관으로 2005년에 시작되었으며 2014년까지 I 지역 탐사 및 시추, II 지역 탐사 및 시추, 시험생산의 3단계의 달성목표를 가지고 있다. 가스하이드레이트는 천연가스가 저온 고압 상태에서 물과 결합해 형성된 고체 에너지로 화석연료 고갈에 따라 이를 대체할 가장 유력한 청정에너지원으로 주목받고 있다. 현재 가스하이드레이트 개발사업단에서는 지구물리탐사분야 지질지화학분야 개발생산분야로 세부 기술모듈을 형성하여 목표달성을 위해 노력하고 있지만, 중과제간 교류가 부족한 상황으로 인해 목표달성을 위한 기술력의 확보 및 향후 상업생산에 대한 불확실성이 증가하고 있는 상황이다. 이와 같은 상황을 해결하기 위해서 기술개발 및 혁신의 수단인 기술융합의 필요성이 증가하고 있다. 기술혁신은 기초연구, 응용연구, 개발, 학습, 투자 등의 일련의 과정을 거쳐 경제적 성과와 사회적 영향을 만들어내는 개념으로 정의 할 수 있다. 기술혁신을 이루어내는 가장 중심적인 역할을 담당하는 기술융합은 2개 이상의 요소기술들이 결합하여 기술이 갖지 않는 새로운 기능을 발휘하는 기술혁신의 한 현상으로 정의할 수 있다. 기술융합은 21세기 초에 접어들어 급속하게 변화하는 양상을 보이며 예상보다 경제에 더 큰 영향을 미치고 있다. 가스하이드레이트 각 단계에서의 애로점을 극복하기 위한 기술혁신을 위해 지구물리탐사 지질지화학 개발생산분야간의 융합의 가능성 등을 타진해본 결과, 각 기술융합들을 기술융합 유형에 맞춰 분류할 수 있었으며 유형별 적용가능성과 기대효과 측면에서 비교분석을 수행하였다. 분석의 정밀도를 높이기 위하여 기술융합 유형에 대한 이론과 실제 가스하이드레이트 전문가들과의 설문을 통해 비교분석을 실시하였다. 가스하이드레이트 실증 사례에 대한 분석 결과, 기술융합 이론은 기존의 큰 기술범주뿐만 아니라 작은 범주에도 적용할 수 있으며, 필요성과 적용가능성, 실효성 면에서도 충분한 고찰을 통해 기술융합 이론의 적용 범위를 좁히면 더 많은 연구와 융합기술을 얻을 수 있다는 결론을 얻을 수 있다.

• Journal of the Korean Society for Railway
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• v.15 no.6
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• pp.631-637
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• 2012

New Opening of Suseo-Pyeongteak High Speed Railway (HSR) will be a new leap in the Korean railway history. However if this section of HSR line around Seoul Metropolitan Area opens, the confluence of new HSR and existing HSR line in Pyeongteak-Osong section will cause a bottle neck problem. In other words, the opening of Suseo-Pyeongteak HSR line will make the capacity of track reach the limit and the section of railroad between Pyeongteak and Osong will be saturated. This will also make such troubles as restricting the number of train which stops at Cheonan-Asan station. In this study, based on the train assignment theory of TVM430 signal system, the methods of calculating headway and number of train are reviewed and the plan for application of optimal operation pattern during peak hour between Pyeongteak-Osong section is also suggested. To remove the bottle neck problem in this HSR section, 3 alternatives are suggested and the expected effects and problems of each alternative are also analyzed. The results show that the troubles caused by excess of track capacity can be removed without any additional cost if the minimum headway in operating system for HSR is adopted in this section. In the future, if these alternatives are considered to the long-term plan for operating train and signal systems, this will improve the efficiency of train operation, which can remove the bottle neck in the HSR line.

• Journal of Digital Convergence
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• v.10 no.9
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• pp.151-158
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• 2012

This study aims to suggest ways of experiential marketing management plan that the virtual tour service in the internet shopping mall is as a agents and the role of the physical interface of the internet virtual experience. It is a empirical analysis to analyze the relationship among Schmitt's five experiential Marketing elements. By the result, the rankings for high impact experiential marketing feedback relationship of cognitive creativity, composition, relationship between social intimacy, behavioral lifestyle, providing a sense of the acoustic auditory effect, a sense of dimensional visual effects in order. This result means that the intimacy and creativity, giving feedback that the opinion of consumers actively prefer internet shopping mall. In addition, it means more visual rather than auditory experience to provide marketing services and provide the lifestyle behaviors that the customer want in the Internet shopping mall. It is needs to make virtual experiential marketing relationships, strengthen the recognition specificity of these results because of experiential marketing relationship's ultimate purpose is to make the relationship between brand and customer service satisfaction of the Internet shopping mall through strengthening the relationship.