• Title/Summary/Keyword: Companies in China

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A Comparative Study on the Selection and Discharge of Arbitrator(s) among Korea, China and America (한.중.미 중재인의 선정 및 기피에 관한 비교연구)

  • Shin, Koon-Jae
    • Journal of Arbitration Studies
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    • v.21 no.1
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    • pp.183-213
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    • 2011
  • China and North America have been South Korea's biggest trading partner long time. As the volume of trade has been increasing, the disputes between Korean companies and Chinese Companies and between Korean companies and North American Companies have been increasing. If these disputes are settled by Arbitration, the parties appoint arbitrators who are empowered to proceed the arbitration procedure and have a power to render an arbitral award. Accordingly, it is very important for the parties to select who is an arbitrators in Arbitration. But if the parties doubt their arbitrator(s)'s fairness and independency, they can discharge them in accordance to law and arbitration institute's rules. In comparison with arbitrator system for way of selection and discharge among Korea, China and North America, some differences are found. First, if parties fail to appoint co-arbitrators or the presiding arbitrator by a mutual agreement, the court has the right to appoint them or him in Korea and North America whereas the Chairman of CIETAC choose him in China. Second, the authority to decide whether arbitrator is discharged owing to his fairness and independency, depends on arbitration institute and court in Korea and North American whereas it depends on the Chairman of CIETAC only.

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Spatial Strategies and Locational Behaviour of Korean Auto Parts Firms in China: Focused on Parts Suppliers of Donfeng-Yueda-Kia Car Assembler (대중국 한국 자동차 부품기업의 공간 전략과 입지 특성: 동풍열달기아 완성차 기업의 부품 협력기업을 중심으로)

  • Choe, Ja-Yeong;Lee, Sung-Cheol
    • Journal of the Korean Geographical Society
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    • v.51 no.2
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    • pp.235-253
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    • 2016
  • China has been developing a new auto industry growth plan since 2004. In line with this initiative, China actively adopted its policy favoring foreign companies' investment which had a competitive edge over their technologies and manufacturing methodologies. To meet this demand in policy and market change, many foreign auto companies and their parts' manufacturers including Korean auto companies joined this stream. Policy change favoring higher technologies applicable in China requested auto companies' swift adaptation to meet the policy requirements by higher technologies with innovation and introduction of those foreign technologies to China. The spatial (excellence) strategy was followed by the increase in its efficiency and competiveness of each region, which were materialized by or in the form of; Firstly, strategic partnership with China auto companies and encouragement of Korea auto parts manufacturing companies to set up its own factories in China. Secondly, modularization and platform sharing strategy by applying enhanced technologies. Thirdly, strategic utilization of China local government's incentive policies. As production management methodology, JIS was adopted all across the board to meet the on-demand market requirements in the manufacturing processes. Auto part manufacturers had been integrated regionally based on forward linkages and modules. As a result, regional-specific auto industry complexes have been made in the places such as Beijing-Hyundai in the north, Dongfeng-Yueda-Kia in the south, common auto parts at central area like Qingdao, and other parts and raw materials in the vicinity of Shanghai.

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A Study on the Advancement of Chinese Industry and the Strategy of Korean Companies in China (중국산업의 고도화와 중국진출 한국기업의 대응전략)

  • Rho, Hyung-Jin
    • Journal of the Korea Society of Computer and Information
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    • v.12 no.2 s.46
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    • pp.251-263
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    • 2007
  • A This study was conducted to identify the advancement of Chinese industry and the strategy of advancing Korean companies into China. According to the results of the study, it is very important for Korean companies to adapt themselves to Chinese circumstances. The development of Chinese industry can be a threat to Korean companies, but it can also be an opportunity to Korean companies. It's up to Korean companies' correspondence strategy. The best strategy of Korean companies on the advancement of Chinese industry is development a blue ocean strategy.

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Business and Logistics Strategies of Global Logistics Firms Responding to the Changing Logistics Environment in China

  • Jun, Il-Soo
    • Journal of Korea Port Economic Association
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    • v.21 no.3
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    • pp.191-217
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    • 2005
  • Ninety percent of an average Chinese manufacturer's time spent is on logistics. Therefore, logistics presents the greatest challenge for multinational companies conducting businesses in China. Although more than 18,000 registered logistics companies exist in China, 85 percent of their revenues are generated from basic trucking and storage services. These facts indicate that China will need increasing presence of high-quality foreign 3PL providers, who are able to provide sophisticated IT systems, industry/operational expertise, standardized operating processes, and international networks, compared to their Chinese counterparts. However, they are facing complicated array of laws and regulations as well as difficulty of finding qualified people to fulfill these needs. There are a number of foreign 3PL providers engaged in China's logistics sector to reap a huge opportunity. Nevertheless, many 3PL foreign providers are still cautious about making large investments. Thus they arelooking for alliances that can provide complementarities instead. Another salient feature of strategy is to take over the transportation assets and warehousing of major Chinese manufacturers and distributors.

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A Study on the Problems and Improvement of International Factoring System in China (중국 국제팩토링제도의 문제점과 개선방안에 관한 연구)

  • Park, Se Hun;Lee, Gyu Chang;Seo, Kyung
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.59
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    • pp.159-178
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    • 2013
  • International factoring is very useful to transfer credit risk, to promote cash flow, to collect debt and to reduce cost and expenses. However, International factoring system in china shows imperfection especially in gap of legal vacuum and its limit to be developed. Here I suggest a practical alternative for development of International factoring system in china as follow. First, legal environment in China for factoring system should be rearranged. Even law and contract law have relative clauses for factoring system there are many difficulty to be applied. It is necessary to prepare legal ground for factoring system. Second, without recourse for International factoring system should be fixed. Without recourse is the essential point for factoring system in international trade. In fact chinese factors are partially applied only for those big global companies. However International factoring system is especially useful for small-medium companies lacked of a good credit rating. It is necessary to promote special factors by combining financial organizations as it does in developed countries. Third, they need to make legal ground to prohibit unlicensed factoring companies. Forth, they need to educate usefulness of factoring system. The settlement system in China is to be developed by systematic researches and promotion for International factoring system.

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A Study on Changes in China's Distribution Market and Firms' Response Strategies

  • KIM, Byoung-Goo
    • East Asian Journal of Business Economics (EAJBE)
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    • v.9 no.4
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    • pp.69-80
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    • 2021
  • Purpose - This study investigated the development process of the Chinese distribution industry and analyzed the current status of China's offline and online distribution industries under the development process of the Chinese distribution industry. In addition, the current status of offline distributors in China and representative companies were analyzed as case studies. Research design, data, and methodology - This study analyzed the overall environment of the Chinese distribution industry by using literature data. Then, this study conducted a case analysis using RT Mart and Jingdong, major companies in the distribution industry. Result -The main research results of this study show that the Chinese distribution market has already matured, and retailers are fiercely competing to secure sales and operating profits through various methods such as finding new management methods, improving awareness and customer loyalty by expanding the number of stores. Conclusion -Recently, the characteristic of China's distribution industry is that the boundaries of distribution are breaking down. Chinese retailers are taking strategies to expand the scope of services by erasing the boundaries of distribution. In other words, distribution companies are promoting a borderless distribution strategy in which consumers purchase products online and offline without restrictions on time and space. In addition, small stores in residential areas are on the rise compared to large-scale stores in the city center. The existing distribution industry operates various types of distribution stores to prepare for the post-COVID-19 crisis.

${\cdot}$러의 경제개혁과 상적 유통의 변화 -개혁전${\cdot}$후의 경제체제와 관련하여-

  • Jo, Gyu-Jin
    • Journal of Distribution Research
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    • v.1 no.2
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    • pp.115-140
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    • 1996
  • This study analyses the Chinese and the Russian distribution systems comparatively focusing on the economic system. Before the economic transformation both nations were socialistic planned economy. After the economic transformation China is under the socialistic market economy, and Russia under the capitalistic market economy. The purpose of this study is to see how the distribution systems of both nations were changed according to the transformation of economic system. It analyses the relationship between nationalized manufacturing companies and distribution companies, and the national planned distribution of products before the economic transformation of both nations. It examines the privatization of distribution-related companies and the structurally exclusive supply of manufacturing companies in distribution system in Russia after the economic transformation. It also investigates the institutionalized control of nationalized manufaturing companies over distribution companies, and the national intervention of product pricing in China.

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A Study on the Impact of China's Trade-related Policy Changes on Export Performance of Korean Manufacturing Companies in China (중국의 무역관련 정책 변화가 현지 진출 한국계 기업의 수출성과에 미치는 영향에 관한 연구)

  • Hong, Jae-Sung;Lee, Yong-Keun
    • International Commerce and Information Review
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    • v.16 no.1
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    • pp.69-88
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    • 2014
  • According to the previous study, after 2000s, factors of the Chinese government's trade policy changes would be a significant burden on the company. However, many previous studies were limited to the response strategy by judicial analysis. Therefore, this study aims to analyze the factors that affect the export performance of Korean manufacturing companies in China. Also, by using that result, I would like to provide advises for entered the korean companies in Chinese market As the results, I knew that export performance are most heavily influenced by labor policy factor and the fallowing is exchange rate policy factor. Eventually, Most of our country companies entering in china were affected changes in the exchange rate policy factor, but many company were manufacturing-type businesses to economize labor costs. Therefore, corporate and governmental response strategies are needed for that's companies.

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The Impact of Housing Price on the Performance of Listed Steel Companies Evidence in China

  • Huang, Shuai;Shin, Seung-Woo;Wang, Run-Dong
    • Asia-Pacific Journal of Business
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    • v.11 no.2
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    • pp.27-43
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    • 2020
  • Purpose - This study explores the impact of the real estate industry on related industries for the perspective of Chinese steel companies. Design/methodology/approach - The impact of housing prices on the 41 listed steel companies' performance was analyzed by using the panel data model. We used two kinds of housing price indexes that are set in the panel data models to estimate the range of the real estate market, driving the performance growth of steel listed companies. Moreover, the net profit of steel companies is used as the dependent variable. To test the stability of the model, ROA used as a dependent variable for the robustness test. Also, to avoid the time trend of housing prices, this paper selects the growth rate of housing prices as the primary research variable. After Fisher-type testings, there is no unit root problem in both independent and dependent variables. Findings - The results indicated that the rise in the housing price has a positive influence on the steel company performance. When the housing price increases by 1%, the net profit of steel enterprises will increase by 5 to 20 million yuan. Research implications or Originality - In this paper, empirical data at the micro-level and panel model are used to quantify China's real estate industry's driving effect on the iron and steel industry, providing evidence from the microdata level. It helps us to understand further the status and role of China's real estate industry in the economic structure.

Characteristics of Format Sale of Korean Variety Programs in China (한국 예능 프로그램 포맷의 중국 시장 진출 특성)

  • Lee, Moon-Haeng
    • The Journal of the Korea Contents Association
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    • v.16 no.11
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    • pp.537-548
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    • 2016
  • The amount of format sales of Korean programs in China is increasing rapidly. In particular, Chinese media companies insist not only to buy format bible but also to coproduce with Korean production companies. Korean production staff also rush to go to China by calling of Chinese nig media companies. Therefore, we will study the characteristics of formar sales of Korean variety program in China. For this, we will analyse cases of format sales in China during 7 years and find out the types and process of format sales.