• Journal of Cadastre & Land InformatiX
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• v.44 no.2
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• pp.155-175
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• 2014

This study targets to recognize needs of spatial pattern analysis and to draw the relationship between relocation of Capital Region firms and population outflow in Capital Region through the regression analysis. The population outflow in Capital Region has moved to and around Yesan-gun and Asan-si. Also, such outflow is found to compose mostly one or two household members for their jobs. In addition to this study has analyzed to find effect factors through the Geographically Weighted Regression. The results of the analysis has confirmed that the most decisive factors affecting population flow from Capital Region to Chungcheongnam-do were population factors and transportation factors and others. Thus, the below policy implications could be derived and also may be applied toward Sejong City which are currently experiencing the relocating of Public sectors and new constructions. Firstly, the effect of Capital Region firms movement on population inflows could be better observed in small-scale towns like "kun" than larger-scale towns like "si.". On the other hand, people in Capital Region moved to larger-scale towns like "si" unlike the Capital Region firms. This difference implicates that people select their residence according to not only their jobs but also residential environment. Secondly, moving people from Capital Region to another region for their jobs are expected to appear more in a form of family units rather than individual units. Sejong city, where public organizations are being relocated, should recognize this particular Chungcheonnam-do phenomenon and be prepared to be more effectively used in perspectives of land use as well as urban planning.

• Journal of the Economic Geographical Society of Korea
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• v.13 no.1
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• pp.1-18
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• 2010

This paper examines characteristics of producer service networks by comparing the Capital region with Gyeongsang region in Korea and provides implications for regional policies of producer services. We employ the data of the Korea Innovation Survey, compiled by Science & Technology Policy Institute in 2006 and analyze producer service networks in the two regions. According to the results of production networks analysis, producer service firms in Gyeongsang region serve to relatively limited areas of market whereas those in the Capital region serve to a larger market. No difference is found between producer service firms in the Capital region and those in Gyeongsang region for the types of major customers. Analysis of knowledge/information networks demonstrates that firms in the Capital region mostly count on informal networks while those in Gyeongsang region primarily rely on their suppliers as a source of key information. Firms in Gyeongsand region often gain key information from the Capital region. The results of Social Network Analysis show that both of the innovation networks for two regions are poorly connected. In order to promote producer services, each region needs strategic approach reflecting regional characteristics and demands of regional industries.

• Journal of the Korean association of regional geographers
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• v.2 no.2
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• pp.19-36
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• 1996

This study is to examine the remained basis and the locational characteristics of manufacturing in Chonnam region. First, the locational characteristics of manufacturing in the peripheral region examined through theoretical discussions about manufacturing location. And the locational characteristics of the small and medium firms and large firms be studied as to understand the precedent characteristics of Chonnam region. Chonnam region have the precedent characteristics that the regional capital is not accumulated as Japen exploit agricultural products at a colonial period. And SOC, industry and technology are not developed as geographically Chonnam lesion turn aside the economics axis of Korea-Japen-America within a period of industrialization. Manufacturing firms have beer make up the traditional indigenous firms which base on local market, agriculture and marine products in Chonnam lesion. The characteristics of these firms mainly are food & drink, nonmetal industry that is composed of the small and medium sized firms. The industrial structure is changing to machinery, chemistry, electronics industry from food & drink, nonmetal industry. But these industry is making the simple products. In Chonnam region, these change of industrial structure was expanding to the inland or coast region from the neighhoring region of Kwangju metropolitan. The blanch factories of large enterprises that located in Chonnam region are not connected with small and medium sized firms. The small and medium sized firms are not developed. Because these large enterprises are the iron and steel industry or chemistry industry. So the large-manufacturing firms have characteristics of the capital intensive industry, and make up the monopolistic industrial space of fordist blanch factories.

• Journal of Korea Society of Industrial Information Systems
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• v.21 no.6
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• pp.125-135
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• 2016

It is well known that the encouraging startups play a major role for innovation in an economy. Thus, venture capital are indispensable for the growth of startups. The literature on investment performance of venture capital reveals that the investment strategies depend largely on the characteristics and capabilities of venture capital. Therefore, investment capability of venture capital is important. There are various investing roles that can be identified by venture capital when determining what kind of startup to invest in, whom to invest with, how to invest, how to post-investment management after investment, and so on. This research was conducted to understand the effect of investment capabilities of venture capital on investment performance. To do so, we surveyed 70 venture businesses in the Seoul and Gyeonggido region for an empirical analysis. The empirical results of this paper are summarized as follows. First, the financial performance of venture firms is influenced by the financial capacity of venture capitalists, and investment evaluation of venture capital. Second, the business performance of venture firms is influenced by the marketing support consulting of venture capital, and investment evaluation of venture capital.

• Journal of the Korean Geographical Society
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• v.37 no.2
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• pp.111-130
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• 2002

Major purposes of this stud? are to analyze Korean firms'innovation networks and sources of knowledge for innovation and to understand their spatial dimensions. In the innovation networks, parent firms are most important for subcontracting firms, while suppliers, customers and competitors are relatively important for independent firms. However, in the future innovation networks, it is expected that government-sponsored research institutions and university wilt become more important on the one hand, networks with foreign firms will become more important on the other hand. Regarding the process of innovation, distance does not matter for the acquisition of codified knowledge. Spatial proximity is, however, critical for the acquisition of tacit knowledge because discussions and researches in a research division within a firm, personal networks of CEO and workers who are responsible for innovation activity, and inter-firm relations with suppliers and customer in a region are regarded important as sources of tacit knowledge. Overall, the innovation networks are different between the Capital Region and non-Capital Region as well as between the industrial complex and non-industrial complex, suggesting that different regional innovation strategies and policies should be established and implemented by considering such regional specificities. Finally, based on the results of this study several policy implications are suggested.

• Journal of the Economic Geographical Society of Korea
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• v.13 no.2
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• pp.181-195
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• 2010

The policy of industrial complexes (innovative clusters) is being changed to build the linkage structure within Mega Economic Region according to the national policy of Mega Economic Region. The aim of this analysis is to draw the hypothetical linkage structure of industrial complexes in the internal and external Capital Region. First, with the survey data of firms located in the industrial complexes, we can catch the regional linkages of firms in the local area and internal and external Mega Economic Region. Next, the measure of structural similarity between industrial complexes is calculated with the number of employees by industrial sectors. After considering the geographical distance between industrial complexes, the percentage of industrial sectors and the location quotient synthetically, the idea of hub-and-spoke type linkage structure between clusters is deduced.

• Journal of the Korean Geographical Society
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• v.38 no.3
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• pp.363-374
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• 2003

There is very high preference for the firms to locate in the Capital region, the City of Seoul and its surrounding areas, which inevitably meets diverse types of regulations to prevent over-concentration in Korea. In order to suggest an urgent need to reform these regulations, the demand for knowledge-based industries is estimated. A legit model is employed to estimate the demand of relocation of the current firms based on a survey conducted in 2001. A logistic curve is used to forecast the demand of new start-ups in Korea. The lands for industrial use only are estimated as many as 2.1 million~3.9 million pyung(1 pyung=3.3$m^2$) in nation-wide. Considering affiliate facilities and infrastructures, 3.1 million~5.9 million of industrial area should be developed in Korea for next five years. Since the rents are very high and the available land is short in the southern parts of Seoul, where most knowledge-based firms locate right now. Many firms have considered relocating on any other places where there exist a plenty of lands available and cheaper rents and cheaper wage rates, but still not far away from Seoul so that they could obtain new advanced information, skilled labors, venture capitals, and high quality of producer services. The Capital region, especially Gyeonggi and Incheon, is the only place to meet those conditions in Korea.

• Journal of the Economic Geographical Society of Korea
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• v.4 no.2
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• pp.1-22
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• 2001

The object of this research is to explain types and factors of locations and regional linkages of manufacturing firms in rural areas using Eumsung County as a case of rural areas. Eumsung County is now vigorously industrializing owing to the government policy dispersing factories in the Capital region. The results of the survey conducted on industrial firms in Eumsung County through questionnaires reveal that individual sites are dominantly preferred by factory owners in comparison to the designated industrial complexes because the former is cheaper in land price. The main factors of industrial location in Eumsung County are cheap land cost, convenient highway accessibility, and the dispersion policy of the Capital region. In terms of the regional linkage, the proportion of the linkage with other regions is larger than that within the local region in case of purchasing raw materials, but the linkage with other regions is lower than that within the local regions in case of selling products. Also most white collar employees in Eumsung County were revealed to reside in and around the Capital region. In order to develop and maintain industrial firms in rural areas so as to avoid "dependency development," efforts for improving of the linkages between the local firms and expanding of social overhead capital are necessary.necessary.

• East Asian Journal of Business Economics (EAJBE)
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• v.6 no.3
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• pp.1-15
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• 2018

Purpose - This study investigates the effect of MNEs' characteristics on the use of foreign currency denominated debt in the context of Korean firms. This study examines the relationship between MNEs and the use of foreign debt focusing on the accessibility to the capital market in addition to the motive of hedging against foreign exchange exposure. Research design and methodology - Probit estimation is employed for estimating significant factors in determination of the use of foreign debt by firms. The dependent variable is a dummy variable to indicate whether a firm uses foreign debt or not at the end of 2004. Independent variables include foreign subsidiaries ratio, export to sale, R&D expenditure to sale, and credit rating. Results - The results show that the interaction between the level of internationalization represented by intra-regional diversification and the strategic characteristics embedded in the region of entry affects the use of foreign debt. In case of a high level of diversification within the developing region with a strong pursuit of asset exploitation, MNEs are more likely to use foreign debt, whereas a high level of diversification within the developed region with a strong pursuit of asset seeking, MNEs are less likely to use foreign debt. Conclusions - The differences between MNEs in terms of intra-regional diversification, strategic orientation, and the accessibility to capital markets as well as the hedging motive affect the use of foreign debt.

• Journal of Korea Technology Innovation Society
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• v.15 no.3
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• pp.586-603
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• 2012

In order to relieve overcrowding, the Korean government has regulated firm's locations in the capital region of Korea. However, the standard of regulation mainly depends on the place of province. Using KIS-Value data of firms that are located Pyeong-taek(the Capital area) or Cheon-an(Non Capital area), in close proximity to each other, we utilize OLS and negative binomial regression models for identifying the difference of firms' management and innovation performance in terms of firms' location difference(regulation difference). Our analysis shows that innovation performance of firms in Cheon-an does better than Pyeong-taek's, but management performance has no gaps between them. This result indicates that the regulation of firm's location has influence on firm's innovation performance. Thus, regulation policy regarding firms' location need to be minutely amended.