• Journal of Cadastre & Land InformatiX
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• v.50 no.2
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• pp.21-35
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• 2020

Due to the coronavirus pandemic and diplomatic disputes, governments are actively developing a policy to revitalize·reshore manufacturing and to diversify international cooperations. In order to develop such a policy, it is very important to compare and analyze domestic·international geospatial information. Over the decade, the US·EC governments have conducted a series of national researches to build data-based tools that can monitor·analyze regional geospatial information driven by government R&D investments. In the case of the EC system, it can compare geospatial information in domestic and international(including Korea) regions. Compared to US·EC cases, Korean examples of national researches with available data analplatform need future improvements. Current study is investigating an automated analysis methodologies using "National Institute of Science and Technology Information (NTIS)" DB, which was national security data until recently. Research on data-mining regional geospatial information can contribute to support policy fields that need to discover new issues in response to unexpected social problems such as recently faced corona and trade disputes.

• Journal of Legislation Research
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• no.55
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• pp.193-237
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• 2018

The recent surge in the ISD lawsuit filed against the Korean government is likely to cause major domestic confusion. This is because in most cases, foreign investors have claimed billions of won in damages filed against Korea in the ISD lawsuit. Public opinion will be generated to abolish the ISD lawsuit system, which is included in the international investment agreement, when a decision comes out in the Elliott/Mason case or Lone Star case, which has already been completed by the hearing. It is clear that the ISD clause, which is commonly included in most of the BITs, FTAs, can be a limiting factor in the government's public policy, as shown by many investment disputes. However, it is not necessary to have a negative view of the ISD clause itself, given that it is a system that can protect Korean investors from illegal and inappropriate actions by local governments. Since Korea already allows the system of ISD lawsuits with many countries through FTAs and BITs, and negotiations are underway to sign FTAs with new countries, the possibility that foreign investors will refer to the ISD proceeding further to our government's public policy will increase. In order to prepare for an ISD lawsuit, the Korean government has launched a response team consisting of government practitioners, private scholars, and legal professionals in the central government ministries to review major legal issues that are controversial in the cases of the ISD. In particular, local governments and public institutions, which fail to recognize the importance of international investment regulations and ISD clause, need to share and train relevant information so that all processes for public policy planning and implementation comply with international investment rules such as BITs and FTAs.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2012.11a
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• pp.310-319
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• 2012

향후 한국사회에서는 사회적 소외계층의 생활환경개선과 더불어, 국민 모두의 건강하고 활기찬 생활을 지원할 수 있는 보다 적극적이고 효율적인 복지서비스에 대한 수요가 증가할 것으로 전망된다. 이러한 사회적 니즈는 우리나라 복지정책이 사회적 취약계층에 대한 시혜적 차원에서의 복지제도개선에 머물 것이 아니라, 사회 경제 문화 등 다양한 영역에서 지식 및 기술의 생산방식을 전환할 것을 요구한다. 복지의 관점으로 과학기술정책을 살펴보고, 변화의 방향을 모색할 시점이다. 본 논문은 과학기술정책이 기존의 성장패러다임에서 벗어나, 진정한 의미에서 복지와 성장의 선순환을 이루는 시스템을 갖추어야 한다는 점을 주장한다. 이를 위해서는 그 문제의 심각성에 비해 연구개발 투자가 저조한 분야에 대한 개선과 더불어 기술공급 위주의 정책에서 벗어나야 한다는 점을 강조한다.

• Journal of Korea Technology Innovation Society
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• v.12 no.2
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• pp.360-387
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• 2009

In this paper, we analyse empirically the effects of internal financing on investment of innovative small and medium sized enterprises listed on Kosdaq Market of Korea Exchange. The main results of this study can be summarized as follows. Free cash flows by proxy variables of internal financing have the significant effects on R&D investment as well as fixed asset investment. Internal financing has much more effects on R&D investment of general enterprises listed on Kosdaq Market than that of venture enterprises listed on Kosdaq Market, and on R&D investment of innovative enterprises than that of non-innovative enterprises. Internal financing has more effects on asset-counted R&D investment than cost-counted R&D investment. Asset-counted R&D investment is counted in intangible assets on Balance Sheet, and cost-counted R&D investment is counted in cost on Income Statement. Internal financing has more effects on R&D investment of financial constrained enterprises than that of financial unconstrained enterprises. Financial constraints is measured by credit ratings. Faulkender and Smith (2007) emphasize that low credit ratings enterprises are more likely to face financial constraints, and they rely largely on internal financing.

• Journal of Environmental Policy
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• v.12 no.4
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• pp.71-92
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• 2013

Unlike general public investment projects, when it comes to environmental public investment projects, there is a gap between those who pay the costs, and those who receive the benefits. This is because of the long term nature of environmental investments, which entails that the majority of the costs are paid by the current generation, while the benefits are reaped by future generations. Because of this, when the social discount rate is set at a standard, singular rate, an issue of relative underestimation of the benefits reaped by future generations may occur during the analytic process. This paper begins with the recognition of this problem, and attempts to estimate a suitable social discount rate that can be applied to environmental investment projects. Taking into account recent economic situations, the social discount rate is currently being estimated at between 2.9 ~ 4.9%. Also, this paper used preliminary feasibility studies that took place so far, to analyze the standard pattern of benefit generation. This revealed that alterations in social discount rates can bring significant changes in economic feasibility test results. Simulation results showed that roughly 6% of B/C ratios could be increased by 1%p. resulting in a decrease in social discount rates. Also if we use hyperbolic discount rates, instead of using the current singular rate, there would be a meaningful increase in the benefits for the future generation.

• Journal of Korea Technology Innovation Society
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• v.20 no.3
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• pp.546-575
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• 2017

This paper investigates the effects of public R&D support on medium-sized firms' R&D investment. The paper collects a panel dataset of Korean manufacturing firms' R&D investment and public support, and employs the DID (difference-in-differences) regression for the test of stimulating or crowding-out effect. Empirical analysis examines how the effect of public R&D support differs between small and medium-sized firms and whether firm size and technological capability moderate the effect in the sample of medium-sized firms. Empirical results show that public R&D support tends to generally stimulate private pure R&D investment for both small and medium-sized firms. Comparing the results for small and medium-sized firms, this paper finds that the stimulating effect is relatively larger and more significant for medium-sized firms, while the effect is not significant for small ones. Furthermore, the paper shows that the stimulating effect of public R&D subsidy on private R&D investment is relatively stronger for medium-sized firms with superior technological competence and the effect of tax support is greater for incompetent firms. These results suggest that public R&D policies and R&D programs, differentiated from those for existing small firms, are necessary for medium-sized firms to stimulate private R&D continuously and formulated carefully by considering firm size, technological capability and growth potential.

• International Journal of Highway Engineering
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• v.14 no.3
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• pp.151-162
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• 2012

It is not surprising to hear news about irresistible natural disasters all over the world due to climate change. Korean Government has focused on developing a variety of green technologies to reduce green house gasses, in particular, carbon dioxide. This study suggested 18 technology divisions for achieving green highway technology development in six different sub-sectors considering life-cycle of roadway and surveyed 29 highway and/or transportation professionals of three institutes using AHP(Analytical Hierarchy Process) analysis to construct "Green Highway"and realize carbon emission reductions and energy use efficiency in a road sector in Korea. Expert Choice Software was used to rank 18 technology divisions weighted by two-level choices. Transport Operating Infrastructure Improvement, Roadway Policy Implementation, Green Transportation(such as Pedestrian and Bicycle) were highly ranked by respondents according to results of the AHP modeling. Among the 18 divisions, technology policy for supporting R&D investments from development to commercialization was ranked as the most significant one to be focused. Green Transportation Facility Design/Construction/Operation and Eco-Friendly Roadway Plan were followed as expected since professionals have thought that the planning/design step of the life-cycle is a starting point to reduce carbon dioxide from roads more and more. Additionally, comparing the results with the Government investment trend 2006-2011 for the roads, it can be interpreted that the Government should invest to the R&D area more widely than before to promote element and core technology development for Green Highway Construction. Above all, small and mid-sized businesses have to be invested as well as encouraged to undertake green highwayrelated objects to accomplish the divisions which ranked high.

• International Commerce and Information Review
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• v.16 no.5
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• pp.51-66
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• 2014

The relationship study between SMEs' R&D and business performance is important research subject. The objective of this paper is to evaluate whether the effectiveness of government's R&D subsidy for SMEs is supported. The positive perspective is that the support policy stimulates the SMEs innovation activities including R&D and thus contributes to the performance, but the negative view is that the support policy rather decreases the firm's own R&D investment and thus the result is not necessarily promising. This paper is to evaluate the effectiveness of government subsidy on SMEs' R&D. This study suggested DID and Random Effect Models for analysis using the panel data of 2,807 SMEs in manufacturing sector. The data was collected from the 'Survey on SMEs Technology & R&D 2011' conducted by Korea Federation of Small and Medium Business. The results are as follows. First, government's subsidy has crowded out 4.7% of beneficiary's internal R&D investment. Second, government's subsidy has increased 27.3% of beneficiary's R&D intensity in spite of 4.7% internal R&D investment reduction. Third, government's subsidy didn't have a relationship with firm performance but the R&D intensity made positive influence on the firm performance. Finally, R&D intensity has increased the 6.7% of firm performance. These results mean that government's subsidy give a positive impact on SMEs' performance through R&D intensity with relatively small crowding-out effect.

• Environmental and Resource Economics Review
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• v.8 no.2
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• pp.175-206
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• 1999

본 연구는 2부문 개방거시경제모형을 이용하여 환경규제정책이 거시경제실적-국내자본 축적, 경상수지상태, 소비수준-에 미치는 영향을 동태적으로 분석하려고 한다. 정부가 환경규제를 강화할 경우, 즉 최대 허용가능한 오염배출량을 감소할 경우, 투자활동이 감소하게 되어 장기 정상상태에서 자본축적량이 감소하게 된다. 반면에, 환경규제가 강화될 경우 경제주체들은 국제채권의 구입을 늘리게 되어 새로운 정상균형상태에서 국제채권의 보유는 증가하게 된다(경상수지는 개선된다). 그러나 환경규제의 강화가 자산의 잠재가치와 두 재화의 소비에 미치는 효과는 불분명하다. 만약, 자본축적량과 최대 허용가능한 오염배출량의 변화에 따른 제조업부문의 산출고의 변화가 비제조업부문 산출고의 변화를 능가한다면, 환경규제 강화정책은 두 재화의 소비를 감소시킬 것이다. 본 연구에서는 환경규제정책의 변화를 예상한 경우와 예상하지 못한 경우, 그리고 예상하지 못한 경우에도 정책의 변화가 영구적 또는 일시적인 경우에 따라 환경규제 강화가 자본 한 단위의 시장가치 자본축적량 및 국제채권 보유에 미치는 영향을 단기 전환적 동태분석하고자 한다. 환경규제정책의 변화가 사전에 발표되어 민간 경제주체들이 정책의 변화를 예상할 수 있는 경우에는, 민간경제주체들이 정책의 변화 전에 자신들의 행동을 조정하므로 실제 정책 실시 후에는 정책이 각 경제변수에 미치는 효과는 정책을 예상하지 못한 경우보다 훨씬 줄어들게 된다. 정책 변화를 예상하지 못한 경우보다 정책 변화가 발표됨으로써 사전에 정책 변화를 예상한 경우에 환경규제 강화에 따른 자본축적량의 장기적인 감소효과가 훨씬 작게 되고, 따라서 국제채권 보유를 증가시키는(경상수지 상태를 개선시키는) 효과도 줄어들게 된다.

• Electronics and Telecommunications Trends
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• v.32 no.4
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• pp.89-95
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• 2017

영국은 2017년 3월 5G N/W 조기구축을 위한 정부차원의 전략방향 보고서(A 5G Strategy for UK)를 발표하였다. 영국은 5G 인프라가 4차 산업혁명의 촉진제 역할을 할 것이며, 5G로 인한 경제적 파급 효과가 2030년경에 1,980억 파운드 달할 것으로 예상한다. 이러한 전망에 따라 영국 정부는 5G 테스트베드 구축, Small Cell 및 백홀 구축 지원, 주파수 정책방향 제시 등 5G N/W 조기구축 환경을 조성하여 이동통신사의 적극적인 투자를 유인할 계획이다. 아울러 산업계, 학계, 지역정부와 협력하여 다양한 산업분야에서의 5G 활용 방안을 도출하며, 5G 상용화 이전에 해결해야 할 과제를 정비함으로써 영국이 5G 분야에서 글로벌 리더가 되고자 하는 목표를 제시하고 있다. 본고에서는 영국이 4차 산업혁명에 대비하여 제시하는 5G N/W 투자 촉진 전략을 소개하고자 한다.