• Title/Summary/Keyword: Crisis Response

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The Relationship between the Wage and the Productivity in the Korean Manufacturing Industry (거시적 관점에서의 임금과 생산성의 관계에 대한 연구 -우리 나라 제조업을 중심으로-)

  • Park, Sung-Joon;Oh, Yu-Jin
    • Journal of Labour Economics
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    • v.24 no.3
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    • pp.63-81
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    • 2001
  • We focus on the relationship between the wage and the productivity in the Korean manufacturing industry over the period from the 1971 year to the 2000 year by using the Geweke's linear feedback method and the impulse response method. And we divide the whole period into the 1971-before the financial crisis and the 1971-2000 including the after the financial crisis to study the change of the relationship between the wage and the productivity after the financial crisis. The results are the followings; The productivity has the large influence on the wage positively, so that the improvement of the productivity boosts the wage and the vice versa in the before financial crisis period. It means that both the conventional wage setting theory and the alternative wage theory(efficiency wage and union theory) exist in the manufacturing industry. However, there exist only the conventional wage setting theory in the whole period.

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Effects of the Instability of International Financial Market on Port Import from China in Korea (국제금융시장의 불안정성이 한국의 대중국 항만 수입에 미치는 영향)

  • Kim, Chang-Beom;Lee, Min-Hui
    • Journal of Korea Port Economic Association
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    • v.26 no.2
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    • pp.49-57
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    • 2010
  • This paper examines the relationship between port import from China and macroeconomic variables such as international financial crisis, exchange rate, and industrial production during the period 2000-2009. I employ GPH cointegration methodology since the model must be stationary to avoid the spurious results. The empirical results show that our model is stationary as well as mean-reverting. This paper also applies impulse-response functions to get additional information regarding the responses of the port import to the shocks economic variables such as financial crisis, exchange rate, and industrial production. The results show that the response of port import to exchange rate and financial crisis declines at the first and dies out slowly.

The Quality Crisis and Response at Hyundai and Toyota Motor (현대와 도요타의 품질 위기와 극복)

  • Hyun, Young-Suk;Chung, Kyu Suk
    • Journal of Korean Society for Quality Management
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    • v.42 no.1
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    • pp.91-109
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    • 2014
  • Purpose: This study compares quality crisis and management at Hyundai Motor in the late 1990s and Toyota Motor in the late 2000s. We can expect to induce more meaningful policy implications in quality management from this in-depth comparative case study. Methods: This study compares two cases at Hyundai and Toyota Motor how to overcome quality crisis based on the OESP (Organization-Environments-Strategy- Performance) model. Results: Hyundai Motor shows centralized approach based on the asymmetric organizational culture and the entrepreneurial leadership but Toyota shows decentralized, systematic approach based on the steady state leadership and symmetric organizational culture. The CEO's leadership have proved to be one of the important factors at both companies. Conclusion: The effective quality management in global contexts has become more and more difficult for the 'complexity explosions' in automobile industry. As a consequence, the future competitive edge of world automobile industry will come from the effective quality management of products in global contexts.

Supply models for stability of supply-demand in the Korean pork market

  • Chunghyeon, Kim;Hyungwoo, Lee ;Tongjoo, Suh
    • Korean Journal of Agricultural Science
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    • v.49 no.3
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    • pp.679-690
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    • 2022
  • As the supply and demand of pork has become a significant concern in Korea, controlling it has become a critical challenge for the industry. However, compared to the demand for pork, which has relatively stable consumption, it is not easy to maintain a stable supply. As the preparation of measures for a supply-demand crisis response and supply control in the pig industry has emerged as an important task, it has become necessary to establish a stable supply model and create an appropriate manual. In this study, a pork supply prediction model is constructed using reported data from the pig traceability system. Based on the derived results, a method for determining the supply-demand crisis stage using a statistical approach was proposed. From the results of the analysis, working days, African swine fever, heat wave, and Covid-19 were shown to affect the number of pigs graded in the market. A test of the performance of the model showed that both in-sample error rate and out-sample error rate were between 0.3 - 7.6%, indicating a high level of predictive power. Applying the forecast, the distribution of the confidence interval of the predicted value was established, and the supply crisis stage was identified, evaluating supply-demand conditions.

The Current Status of Korean Industrial Crisis Area: Industrial Environment and Crisis Status in Gumi Region (한국 산업위기지역의 현 주소: 구미지역 산업 환경과 위기실태)

  • Jeon, Ji-Hye;Lee, Chul-Woo
    • Journal of the Economic Geographical Society of Korea
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    • v.22 no.3
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    • pp.291-303
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    • 2019
  • This study analyzed the changes in the industrial environment surrounding the Gumi region and the status of the industrial crisis in the Gumi area amid such changes. The Gumi region is experiencing a more turbulent period than ever in the environment changes at the international, national and local levels, such as the transition to the Fourth Industrial Revolution, the weakening of the competitiveness of key industries including mobile devices and displays, and the moving-out of core companies such as Samsung and LG Group. Accordingly, efforts have been made to diversify the industrial structure by fostering industry of automobile parts, high-tech medical devices and carbon materials to cope with and adapt to environmental changes at the regional level. However, the Gumi region is still locked in to the mono-cultural, large enterprise-dependent industrial structure centering on the mobile and display sectors, failing to overcome the regional industrial crisis and stagnating the overall local economy. The relocation of large companies began to increase in the 2010s, reducing the protection of large corporations against environmental changes at the corporate level. As a result, the crisis factors of small and mediumsized enterprises are gradually expanding to the national and international scale and working more complexly, which is beyond the level they can afford. So it is highly likely that the current industrial crisis will deepen. Therefore, it is necessary to strengthen the resilience to adapt to changes in the environment when it comes to overcoming the industrial crisis in Gumi region. To this end, it is necessary to improve innovation capabilities and diversify businesses based on convergence and complex technologies at the enterprise level, and to be selected as a special crisis response area aimed at creating an innovative ecosystem through autonomous resonance of companies and industries at the local level.

Improvement Directions of the National Crisis Alert System in Korea (우리나라 국가위기경보체계의 개선방향)

  • Hwang, Yo-Han;We, Kum-Sook;Yi, Waon-Ho;Yang, Won-Jik
    • Journal of Korean Society of Disaster and Security
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    • v.9 no.2
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    • pp.1-7
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    • 2016
  • The 'alert' is to provide a signal or information beforehand, in order to prepare against situations in which abrupt incidents or disasters are expected. In other words, the purpose of alert is to help people or respondents to take precautions against and quickly cope with disasters or incidents, before those actually occur. This paper draws requirements of alert system from definitions of the alert and cases of it home and abroad. Following requirements of alert system are derived to allow subjects responsible for alert issue to quickly handle changes of situations; 1) identification of subjects responsible for alert issue, 2) use of definite terms regarding alert levels, for prompt actions, and 3) distinct separations among alert levels. This paper suggests improvement directions by extracting several problems of National Crisis Alert System according to such requirements.

A Knowledge Graph of the Korean Financial Crisis of 1997: A Relationship-Oriented Approach to Digital Archives (1997 외환위기 지식그래프: 디지털 아카이브의 관계 중심적 접근)

  • Lee, Yu-kyeong;Kim, Haklae
    • Journal of Korean Society of Archives and Records Management
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    • v.20 no.4
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    • pp.1-17
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    • 2020
  • Along with the development of information technology, the digitalization of archives has also been accelerating. However, digital archives have limitations in effectively searching, interlinking, and understanding records. In response to these issues, this study proposes a knowledge graph that represents comprehensive relationships among heterogeneous entities in digital archives. In this case, the knowledge graph organizes resources in the archives on the Korean financial crisis of 1997 by transforming them into named entities that can be discovered by machines. In particular, the study investigates and creates an overview of the characteristics of the archives on the Korean financial crisis as a digital archive. All resources on the archives are described as entities that have relationships with other entities using semantic vocabularies, such as Records in Contexts-Ontology (RiC-O). Moreover, the knowledge graph of the Korean Financial Crisis of 1997 is represented by resource description framework (RDF) vocabularies, a machine-readable format. Compared to conventional digital archives, the knowledge graph enables users to retrieve a specific entity with its semantic information and discover its relationships with other entities. As a result, the knowledge graph can be used for semantic search and various intelligent services.

Crisis Intervention for Workers in Severely Stressful Situations After Massive Layoffs and Labor Disputes (대량실직과 노사분규 상황에 있는 근로자에 대한 위기중재 프로그램 적용 사례)

  • Woo, Jong-Min;Chae, Jeong-Ho;Choi, Soo-Chan
    • Journal of Preventive Medicine and Public Health
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    • v.43 no.3
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    • pp.265-273
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    • 2010
  • Objectives: Due to the economic crisis and globalization, many workers have been suffering from severe occupational stress due to job insecurity and struggles related to downsizing and restructuring. This study aims to assess the stress levels among workers involved in fierce labor disputes and massive layoffs and to evaluate their specific needs and satisfaction with counseling services set up to help workers cope with severely stressful situations? Methods: The authors provided crisis intervention to workers in traumatic situations to compare the differential level of stress responses and needs among the workers remaining employed in a large auto factory, those laid off by it, and those laid off by other companies in the same region (Pyeongtaek, Gyeonggi Province). We measured stress levels using the worker's stress response inventory (WSRI) and heart rate variability (HRV), and assessed workers' satisfaction with the counseling services. Results: 502 workers participated in the program. Fifty-seven percent of them consulted with occupational problems. The mean WSRI score of the workers remaining employed in the automobile factory was higher than that of the unemployed (employed: $39.8{\pm}19.9$ unemployed: $29.3{\pm}18.8$). Ninety-five percent of workers responded that they were satisfied or very satisfied with the counseling services. Conclusions: This study suggests the urgent need for the establishment of a national crisis intervention program dedicated to supporting workers in severely stressful situations.