• Journal of Korea Technology Innovation Society
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• v.11 no.4
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• pp.592-612
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• 2008

The convergence of technology as a major breakthrough in technology innovation has been generated and developed. With the advent of the 21st century characterized by the knowledge-based economy, it is happening even more frequently and vigorously than ever. However, study on classification system or definition of notions is necessary as the convergence of technology is still in the early stage. The existing classification system has limited application to the convergence of technology. With no standard available for the classification of the technology convergence, there has been much concern for duplicative R&D investment. On this ground, a new and reformed classification system for the convergence of technology and definition of notions are needed. Previous studies regard base technologies used in the technology convergence and new convergence technologies as important. However, this paper views convergence of technology as a dynamic phenomenon and puts an emphasis on the cause of technology convergence, not on the new technology itself and examines whether base technologies go back to their original state after the completion of technology convergence. This kind of approach will classify technology convergence by characteristics. Although more researches including quantitative analysis are necessary, this paper expects to offer help with further researches on classification system.

• Journal of KIISE:Software and Applications
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• v.36 no.7
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• pp.531-538
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• 2009

Domestic software market is struggling with product's low quality and low return-on-investment. The cause for the problems is due to unclear requirements at the early stage of software project. Studies show that, to lessen the problem, the requirements specification must reflect the right project scope and quantifiable quality goal. To achieve such features, this paper describes a standard guideline for SRS (Software Requirements Specification), which helps in defining the scope of project, measuring and quantifying quality, linking and tracing of requirements, and improving usability. The proposed SRS enables separating the requirements analysis activity from implementation activity and thus can improve subcontract management process in software project.

• Journal of Distribution Science
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• v.14 no.10
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• pp.137-146
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• 2016

Purpose - Korean agriculture is facing internal and external environmental changes and the need for secure stable outlets. Active participation and mutually beneficial cooperation between enterprises and agricultural is necessary for a win-win situation. This study investigates the case for distribution cooperation and a cooperative system. To respond to the diverse needs of consumers and market reclamation, there is a need to analyze and categorize distribution cooperation. Research design, data, and methodology - A literature study, relevant interviews with enterprises, and meetings with local government practices were conducted. A survey frame was derived through the participation of agricultural enterprises and distribution cooperation models were categorized identifying win-win cooperation and best practices. It was organized on the basis of six best practice examples of distribution cooperation between industry and agricultural sectors, divided into three types: opening distribution channels, exporting cooperation, and developing new products. Results - An innovation management system that can adapt to environmental changes and problems of agriculture is necessary. A company has to supply high-quality agricultural products reliably to meet the preferences of consumers by introducing products that promote domestic market differentiation. In addition, consumers are choosing a variety of products that may include not only high quality products but also local products and safe products. The main areas of cooperation are the direct provision of agrifood raw materials to consumers. Next, would be to help agricultural sectors distribute and pioneer international markets. The ideal step for distribution cooperation is the joint investment in new products by business and agriculture. Conclusions - Agriculture and win-win cooperation with enterprises is in an early stage of social contribution. To implement a distribution cooperation model between business and agricultural sectors, it is crucial to establish a structured support system including joint councils. Additional requirements include strengthening agricultural capacities, creating a legal basis for provision, and producing a win-win cooperation environment. The promotion of win-win cooperation and agricultural enterprises needs to exist in various forms in order to establish a different type of incentive system.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.27 no.11C
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• pp.1178-1188
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• 2002

Local Loop Unbundling(LLU) has been understood as the way of facilitate the competition on the access and the local telephone service market. There are major benefits of stimulating the competition in the local service, avoiding access network duplication and reducing in environmental disruption. However, LLU has several disadvantages such as removing incentives for building alternative access networks, undermining existing investment in alternative access networks, introducing new substantial costs to the industry and requiring prolonged and detailed regulatory intervention. The economic effects of LLU generally will be different according to the special situation of each countries and the object of LLU. In case of EU, most of countries have already introduced and implemented LLU. But EU can't expect the economic effects on LLU emerged in the early stage of introducing it and faced with dilemma. To be realized the successful implementation of LLU, I think, it is required to be reviewed about the main issues such as the problem of regulation, the reasonable level of LLU pricing and the technical & operational problems.

• Journal of Korea Technology Innovation Society
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• v.13 no.4
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• pp.700-716
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• 2010

This paper examines the development of smelting reduction process in POSCO from 1990 to 2007 with the perspective of post catch-up technological innovation. POSCO paid attention to smelting reduction process as a sort of next-generation iron and steel technology, and implemented COREX (coal ore reduction) by the cooperation with V$\"{o}$oest. In addition to this, POSCO started to develop FINEX (fine iron ore reduction) which can use abundant powder ore, and FINEX was developed through model plant, pilot plant, demo plant, and commercial facility. POSCO came up to innovation leader beyond fast follower by securing almost technologies concerning FINEX. The case of smelting reduction process shows various characteristics including appropriate technological choice, successive scale-up, spiral development system, complementary technological cooperation, long-tenn investment, the existence of top management's leadership, and Korean government's support in early stage. This case can be interpreted as a path-revealing innovation in the middle of technological paradigm change.

• Journal of Institute of Control, Robotics and Systems
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• v.16 no.3
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• pp.305-312
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• 2010

The aim of this study is to find an analytic solution to the problem of determining the optimal capacity of a batch-storage network to meet demand for finished products in a system undergoing joint random variations of operating time and batch material loss. The superstructure of the plant considered here consists of a network of serially and/or parallel interlinked batch processes and storage units. The production processes transform a set of feedstock materials into another set of products with constant conversion factors. The final product demand flow is susceptible to joint random variations in the cycle time and batch size. The production processes have also joint random variations in cycle time and product quantity. The spoiled materials are treated through regeneration or waste disposal processes. The objective function of the optimization is minimizing the total cost, which is composed of setup and inventory holding costs as well as the capital costs of constructing processes and storage units. A novel production and inventory analysis the PSW (Periodic Square Wave) model, provides a judicious graphical method to find the upper and lower bounds of random flows. The advantage of this model is that it provides a set of simple analytic solutions while also maintaining a realistic description of the random material flows between processes and storage units; as a consequence of these analytic solutions, the computation burden is significantly reduced. The proposed method has the potential to rapidly provide very useful data on which to base investment decisions during the early plant design stage. It should be of particular use when these decisions must be made in a highly uncertain business environment.

• Journal of the Korean Data and Information Science Society
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• v.28 no.4
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• pp.819-829
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• 2017

The aim of this study is to analyze intraday price momentum. When price trends are formed, price momentum is the phenomenon that future prices tend to follow the trend. When the market opened and closed, a U-shaped trading volume pattern in which the trading volume was concentrated was observed. In this paper, we defined price momentum as the 10 minute trend after market opening is maintained until the end of market. The strategy is to determine buying and selling in accordance with the price change in the initial 10 minutes and liquidating at closing price. In this study, the strategy was empirically analyzed by using minute data, and it showed effectiveness, indicating the presence of an intraday price momentum. A pattern in which returns are increasing at an early stage is called a J-shaped pattern. If the J-shaped pattern occurs, we have found that the price momentum phenomenon tends to be stronger than otherwise. The DTW algorithm, which is well known in the field of pattern recognition, was used for J-shaped pattern recognition and the algorithm was effective in predicting intraday price movements. This study showed that intraday price momentum exists in the KOSPI200 futures market.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.6411-6418
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• 2015

To respond the climate change and environmental pollution, the studies on renewable energy policies are increasing. The renewable energy is a new growth engine technology represented by the green industry and green technology. At present, the investments for the renewable energy supply and technology development projects of three main strategy sectors such as sunlight, wind power and hydrogen fuel cell are implemented in our country, while they are still in the early stage, accordingly reducing those uncertainty for the research direction and investment fields is the most urgent issue among others. Thus, this study applied text mining method and multinominal topic model among the big data analysis methods on our country's newspaper articles concerning the renewable energy over the last 10 years, and then analyzed the core issues and global research trend, forecasting the renewable energy fields with the growth potential. It is predicted that these results of the study based on information and communication technology will be actively applied on the renewable energy fields.

• Journal of Korean Society of Transportation
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• v.24 no.5 s.91
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• pp.67-74
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• 2006

This paper proposes a way to a risk quantification of public sector comparator in the value-for-money test of the BTL (Build-Transfer-Lease) scheme in rail investment projects. Two principal risks that are project delay and budget increasing costs are identified and are empirically quantified with a case study of the Haman-Jinju link. The methodology suggested is expected to be a good reference for the similar research afterwards and also to help in settling down the scheme that is only an early stage.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.12 no.3
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• pp.191-202
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• 2017

KONEX (Korea New Exchange) is the organised stock exchange for small enterprises. It is a channel through which venture start-ups at their early stage can raise funds without a huge burden of debt. We explain the regulations in this market and examine the effects of major changes in the relevant regulations. The first change was replacing the call auction mechanism with the continuous auction mechanism. The change improved the information asymmetry among investors. The second was lowering the minimum deposit requirement for individual investors from 300 million won to 100 million won. As the result of the change, market liquidity increased a lot and the number of investors increased. The last change was introducing the small investment account. Although this raised the participation of individual investors but did not lead to the improvement in market liquidity or information asymmetry. In overall, encouraging more investors to participate in the transactions in KONEX is the fast way to boost the market, while the long-term strategy should focus more on improving the information asymmetry by helping information generating and transferring activities.