• KDI Journal of Economic Policy
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• v.45 no.1
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• pp.69-86
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• 2023

Regulatory sentiment refers to the market's subjective evaluation of regulatory reform and is one of the most widely adopted indicators to those charged with implementing and diagnosing regulatory policies. The use of regulatory sentiment in advanced analysis has become universal, albeit it is often limited due to difficulties in articulating consistent and objective quantitative indicators that can meticulously reflect market sentiment overall. Thus, despite ample effort by scholars to read the economic impact of regulatory sentiment in the real economy, causal links are difficult to spot. To fill this gap in the literature, this study analyzes a regulatory sentiment index and economic performance indicators through a text analysis approach and by inspecting diverse tones in media articles. Using different stages of tests, the paper identifies a causal relationship between regulatory sentiment and actual economic activities as measured by private consumption, facility investment, construction investment, gross domestic investment, and employment. Additionally, as a result of analyzing one-unit impulse of regulatory perception, the initial impact on economic growth and private investment was found to be negligible; this was followed by a positive (+) response, after which it converged to zero. Construction investment showed a positive (+) response initially, which then rapidly changed to a negative (-) response and then converged to zero. Gross domestic investment as the initial effect was negligible after showing a positive (+) reaction. Unfortunately, the facility investment outcome was found to be insignificant in the impulse response test. Nevertheless, it can be concluded that it is necessary and important to increase the sensitivity to regulations to promote the economic effectiveness of regulatory reforms. Thus, instead of dealing with policies with the vague goal of merely improving regulatory sentiment, using regulatory sentiment as an indicator of major policies could be an effective approach.

• Journal of the Korean Professional Engineers Association
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• v.32 no.6
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• pp.35-39
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• 1999

Many tools in classical type for the production management have been used in industrial cells. In spite of their powerful logic and historical success, many appliers could not take but a little effectiveness in current economic conditions. The major reason is that the chronical production control methods are too narrow in its applicability to cover the problems occurred under such a high-speed changes. Therefore we need to develop the new concept of production management for the higher adaptability and outcome which can support vitablities to enterprises in severe condition. The essential points in changing the viewpoint of new production management concepts are valuable to the group of new management.

• Journal of the Korea Safety Management & Science
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• v.10 no.2
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• pp.225-235
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• 2008

It is expected that the change of industrial structure of Knowledge based economy, and service based economy would affect on economic life of physically-challenged person with no exceptions. There have been some former studies which have been misunderstood the employment of disabled due to the declining employment of the disabled and prejudice to the disabled based on biased perspective and public opinion. This study have analyzed the employment conditions of the ordinary workers and disabled workers out of those prejudices and biased opinions. Wage, economic activity ratio, age, educational background and industry those 5 parameters are brought for analyzing the two comparison group. Each parameter have compared based on the statistical data of ordinary workers and disabled workers for past 7 years. Weight between each parameter have been drawn by collecting the experts' opinion using AHP(Analytic Hierarchy Process), and utility of employment of two comparison groups have been estimated through progress inclination of each parameter. Through the estimated outcome, present condition and controversial issues and way of improvement of domestic employment of ordinary workers and the disabled is mentioned.

• Proceedings of the Korean Society for Quality Management Conference
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• 2009.10a
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• pp.109-114
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• 2009

Recently, there has been growing interest in the financial and economic effectiveness of service quality and customer satisfaction. It means that the final goal of customer satisfaction is the maximization with firms' financial performance, enterprise could survive through the creation of continuous financial performance. Companies are working in various ways to identify the direct relationship of service quality and customer satisfaction with financial and economic effectiveness in order to justify and validate customer satisfaction management. In this study, the influence of customer satisfaction on the financial performance is examined. Also, we have analyzed customer satisfaction by comparing financial outcome of each industry Customer satisfaction index, the key non-financial performance measure has significant association with firms' financial performance index. Moreover, high customer satisfaction has a competitive advantage, so it can be the key success factor of firm's financial performance improvement.

• Journal of the Korean Regional Science Association
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• v.14 no.2
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• pp.107-126
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• 1998

Since the election of governors and mayors by vote, many local governments in Korea establish long-range plans for their regional development. The major purposes of the plans are to set up development path for their communities and to devise economic development strategies. But most of the plans established thus formulated by the same method utilized in centralized political regime. This method is considered no longer appropriate to devise the long-range development plans for local government especially in the era of globalization and localization, where local governments behave independently, where local governments behave independently competition. We suggest an alternative way to establish such plans, based on the method employed in business sector. The plans, formulated in this way, are called strategy oriented long-range development plans. The underlying logic for the plans is non-linear one. The plans are issue oriented and focus more on process than outcome. Given that these features are properly incorporated in the plans, we expect that the strategy oriented long-range development plans can be genuine guidelines for local economic development in the years to come.

• Proceedings of the Safety Management and Science Conference
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• 2008.11a
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• pp.405-419
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• 2008

It is expected that the change of industrial structure of Knowledge based economy, and service based economy would affect on economic life of physically-challenged person with no exceptions. There have been some former studies which have been misunderstood the employment of disabled due to the declining employment of the disabled and prejudice to the disabled based on biased perspective and public opinion. This study have analyzed the employment conditions of the ordinary workers and disabled workers out of those prejudices and biased opinions. Wage, economic activity ratio, age, educational background and industry those 5 parameters are brought for analyzing the two comparison group. Each parameter have compared based on the statistical data of ordinary workers and disabled workers for past 7 years. Weight between each parameter have been drawn by collecting the experts' opinion using AHP(Analytic Hierarchy Process), and utility of employment of two comparison groups have been estimated through progress inclination of each parameter. Through the estimated outcome, present condition and controversial issues and way of improvement of domestic employment of ordinary workers and the disabled is mentioned.

• East Asian Economic Review
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• v.27 no.1
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• pp.61-85
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• 2023

The study aims to investigate the factors pursuing the women entrepreneurs to accept Islamic microfinance (IMF) in urban and rural areas of Malaysia. For this purpose, the study applies the Theory of Planned Behavior (TPB) and Innovation and Diffusion Theory to explain Islamic microfinance adoption. Using the structural equation model (SEM) with primary data collected from 384-woman entrepreneurs in Malaysia, the current study uses a 5-point Likert scale. On the basis of theory and collected data, the seven hypotheses are developed. All hypotheses are validated by both directly and indirectly, as well as through a mediating factor. Among the factors, knowledge about IMF and subjective norms significantly influence the acceptance of IMF. On the other hand, the perceived complexity does not show any substantial relationship to the acceptance of IMF. This outcome will be helpful in supporting policymakers, academics, and future studies and must take into account the supported factors. Therefore, the study contributes to develop an innovative framework, to create self-employment for women entrepreneurs.

• Journal of Korean Society of Transportation
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• v.27 no.5
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• pp.7-16
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• 2009

This paper proposes a plan which can raise the accuracy of economic benefit estimation in road construction projects. The point of existing economic appraisals may be that the speeds forecasted by models are different from the field speeds because only volumes are calibrated in the road network. The result of such a calibration has an influence on estimating wrong economic benefits in terms of vehicle operating cost savings, travel time savings, and air pollution savings. Then this study performs a calibration when volumes are at the same amount but the calibration between the field speeds and model speeds is different from each other with two different volume-delay functions; the differences of benefits are confirmed according to two different speed calibrations. Three improvement schemes, including the development of a new volume-delay function, are proposed in this study in order to solve the problem of current benefit calculations. The outcome of this study will help practitioners perform more accurate benefit calculations and reasonable economic appraisals.

• Journal of the Economic Geographical Society of Korea
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• v.17 no.2
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• pp.420-436
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• 2014

Regional communities have recently tried to change themselves in order to cope with rapidly changing circumstances. Giving attention to their strategic responses as well as consequences as a result of their countermeasures, this study attempts to suggest a theoretical framework to analyze the process of locality reconstruction in a dynamic and comprehensive way. To achieve this purpose, after figuring out the previous studies' methodological and theoretical limitations, we suggest that locality should be understood as a outcome of the mutual interactions between local, state, and global scale networks.

• Korean Management Science Review
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• v.31 no.4
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• pp.43-53
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• 2014

There is no generally accepted single stylized methodology for the impact assessment of standardization programs even though some scholars in the United States or Europe have been trying to set up a common methodology during past decades. It is because the economic outcome indicators that analysts seek to quantify vary significantly with the diversity and complexity of the affected industry and the analytic approach, as well as the nature of STANDARDIZATION programs. This paper builds up the model to establish common methodology which is designed to enable the comparable economic assessment analysis between various STANDARDIZATION programs. The model thus serves to enable a comparable impact assessment because it enables both universally valid and stylized analysis, while traditional impact assessment analysis can vary depending on the kinds of analytic approaches. In other words, this paper developed the common methodology which is designed to stylize the universally valid impact assessment of STANDARDIZATION programs. In addition, this paper shows that it should be accompanied by empirical research for some items in the model, to enable the realization of the both comparable and sophisticated analysis of impact assessments, thereby outputting in the range of those values which depend on the industry and/or STANDARDIZATION type.