• Title/Summary/Keyword: Economy Development

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A Study on the Current Status of Network Marketing of Korea and Its Development Strategy (우리나라 네트워크 마케팅의 실태와 발전 전략)

  • Kim, Hong-seop
    • Journal of Distribution Science
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    • v.3 no.1
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    • pp.91-111
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    • 2005
  • As the environments of world economy have been changed so rapidly, the conditions of marketing and distribution also have been altered. In korea distribution industry has been changed according to the introduction of various patterns of distribution and marketing. Among them the emerging of network marketing, same meaning with multi-level marketing in this research, is a important phenomenon of distribution industry in Korea. Not only it contributes the progress of national economy, especially distribution industry, but also it includes some limitations and criticism from the dissenters. In this paper, the clear definitions and characteristics of network marketing are suggested. And the current situations of network marketing in this country has been analyzed and compared, The future perspectives and problems of this network marketing have been diagnosed and classified for the future development and contribution for national economy. The various alternatives for the future development of network marketing have been studied and suggested in terms of each role of this industry such as distributers, consumers and government. Though this paper has a small contribution, it contains many limitations for research. Therefore it suggest future directions for further research.

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Government support measures and the current situation in the renewable energy sector of Kazakhstan

  • Izbassov, Kairat
    • Bulletin of the Korea Photovoltaic Society
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    • v.6 no.1
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    • pp.76-85
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    • 2020
  • The Republic of Kazakhstan is a geographically large but sparsely populated country, rich in natural resources, located in the center of the Eurasian continent. In recent years, it has begun to create a green economy, leading it among its neighbors in Central Asia. Therefore, the country has set a clear goal: by 2030, emissions should be reduced by 15-25% compared to the level of the 90s. As part of the country green economy strategy, in 2013 Kazakhstan adopted the "National Concept for the Transition to the Green Economy until 2050", which sets out the principles of the green economy as a path for future development. The goal is to bring the share of renewable energy in electricity production from zero to 3% by 2020, and then increase it to 30% by 2030 and 50% by 2050. This paper looks at what Kazakhstan has done to promote renewable energy and provider perspectives. The paper also considers Kazakhstani legislation in terms of the development of renewable energy sources and provides information on incentives and preferences for the development of renewable energy sources. Thus, it will be easier for investors to evaluate the implementation of potential projects in Kazakhstan.

The investment point on cooperative innovation in EVs for the spoke-smart cities : focused on Nordic countries and Korea

  • Seo, Dae-Sung
    • The Journal of Economics, Marketing and Management
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    • v.5 no.3
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    • pp.1-11
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    • 2017
  • E-infrastructural economy for ICT Living-Labs is a need for economic and cultural changes in various types of cars in accordance with the supply of the electric car. Depending on the number of cases by analyzing the supply and demand of electric vehicles among Korea and Northern Europe countries. it was indirectly proved that it makes economic growth. The research design is analyzed with the data and how to respond quickly to focus on the possibility of potential changes to the infrastructure realization and commercialization of government enterprises or electric cars through the ICT Living-Labs in Nordic countries. The data indicates that the leading commercialization emphasize on the development of the electric economic convergence and scalability for electric vehicle. When It shows the time of the infrastructure as ICT Living-Labs being delayed, it lowered growth target results for the development of the electric car industry in the future. All this is from the reason of opening the E-convergence economy over time. It is required that Korea should prepare E-convergence economy. Public regional energy should be present through the consistent selection of development for energy linking E-economy and E-trans distribution. Korea needs to be many difficulties in building the E- infrastructure for ICT Living-Labs. Unlike the Northern Europe it is to prepare the active support of both government and business. The role of the government discovers that the power generation through the quick selection of the industry, as well as to connect with the growth of the smart cities with the EVs industry.

Economics During Global Recession: Sharia-Economics as a Post COVID-19 Agenda

  • ARFAH, Aryati;OLILINGO, Fahruddin Zain;SYAIFUDDIN, S.;DAHLIAH, D.;NURMIATI, N.;PUTRA, Aditya Halim Perdana Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.1077-1085
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    • 2020
  • This research is a literacy study regarding the implementation and management of the economic role of haria as a new strategy in overcoming the problem of the global financial crisis that has hit the middle of the COVID-19 pandemic. The research method comes from previous studies to compare the capitalist, socialist, and sharia economic systems. In response to various economic uncertainties, both internal and external, the ability to seize opportunities and transform has become the key to economic resilience. Islamic economics can be an alternative in responding to the dynamics of the global and national economy. Several things need to be taken into consideration in fulfilling the sharia economy and the primary strategy chosen must come from the inputs given by the stakeholders, including business actors, associations, regulators as well as experts, and academicians. The primary strategy in implementing the sharia economy also requires the support of various parties in order to develop sustainability. Strengthening regulation and governance is one of the fundamental factors. Optimization of the sharia economy based social sector such as Zakat, Infaq, Sadaqah, and Waqaf can be optimized both for collection and distribution so that the concept of sharing can certainly support the development and the economy both nationally and globally.

A Study on the Direction of Domestic Sharing Economy through Comparative Analysis of Domestic and Overseas Business Cases (국내 및 해외 비즈니스 사례 비교 분석을 통한 국내 공유경제 비즈니스 발전 방향 연구)

  • Won, Jong Byeok;Baek, Dong Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.4
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    • pp.106-115
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    • 2019
  • A sharing economy has emerged through today's trust-building mechanisms, and a sharing economy is called a future economic model through a positive future market prospect. In this context, while the overseas sharing economic business is becoming a global trend, the domestic sharing economic business is busy following the global trend. The purpose of this study is to investigate the development direction of sharing economic business in Korea. First, the sharing economic cases of 50 oversea and domestic businesses were analyzed by time series analysis. Next, a cross-country analysis to analyze the business distribution and KCERN's sharing economic model through sharing economic cube model was conducted. Finally, profit model analysis through business case study and the relationship between the derived factors were investigated. As a result of the analysis, this study found comparative trends between overseas and domestic including differences in cultural and institutional environments and profit models. This study suggested directions for domestic sharing economy business.

Creative Economy and Region: Three Sources of Creative City (창조경제와 지역: 창조도시의 세가지 원천)

  • Muhn, Misung
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.4
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    • pp.646-659
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    • 2014
  • Political and academic concerns on creative economy have been increased, despite of the debates on its concepts and socioeconomic implications. This article is an exploratory study about the mechanisms and the sources in which creative economy works. Due to ICT revolution and expansion of individual's networking competency, collective knowledge created by networking and city/region in which the collective knowledge has been embedded became the parts and parcels of creative economy. Three sources of creative city is as follows: regional peculiarity and locality from industrial clustering, intensity of urban networks(openness), and value orientations in regional problem solving.

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The Development and Institutional Isomorphism of Social Economy in Chungnam Province (충청남도 사회적경제의 발전과 제도적 동형화)

  • Lee, Hongtaek
    • Journal of the Economic Geographical Society of Korea
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    • v.22 no.1
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    • pp.52-69
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    • 2019
  • The aim of this study is to examine the development of social economy and institutional isomorphism in Chungnam Province. Although 'social economy enterprises' in Chungnam Province achieved rapid quantitative growth, public-led policy and institutional framework has intensified institutional isomorphism. Institutional isomorphism is a phenomenon in which all type of organization and activities become similar in an institutional environment. This isomorphism hinders the social value orientation and innovation of social economic enterprises. As a result of the case analysis, institutional isomorphization was intensified if regional ecosystem(that can maintain and strengthen social value orientation) was not established. The creation of social value is at a level that satisfies the institution and the social value orientation is also weakened.

Efficient Decentralized Sharing Economy Model Based on Blockchain Technology: A Case Study of Najm for Insurance Services Company

  • Atheer Alkhammash;Kawther Saeedi;Fatmah Baothman;Amal Babour
    • International Journal of Computer Science & Network Security
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    • v.23 no.9
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    • pp.29-36
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    • 2023
  • Blockchain is an emerging technology that is used to address ownership, centrality, and security issues in different fields. The blockchain technology has converted centralized applications into decentralized and distributed ones. In existing sharing economy applications, there are issues related to low efficiency and high complexity of services. However, blockchain technology can be adopted to overcome these issues by effectively opening up secure information channels of the sharing economy industry and other related parties, encouraging industry integration and improving the ability of sharing economy organizations to readily gain required information. This paper discusses blockchain technology to enhance the development of insurance services by proposing a five-layer decentralized model. The Najm for Insurance Services Company in Saudi Arabia was employed in a case study for applying the proposed model to effectively solve the issue of online underwriting, and to securely and efficiently enhance the verification and validation of transactions. The paper concludes with a review of the lessons learned and provides suggestions for blockchain application development process.

Impact of Community Investment Renewable Development Project on the Local Economy: Aspects of Residential Income and Local Company Revenue (주민참여형 재생에너지 개발의 지역경제 기여효과: 주민소득과 지역기업 매출을 중심으로)

  • Kim, Yunsoung;Yun, Seonggwon;Im, Hyunji;Yun, Taewhan
    • New & Renewable Energy
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    • v.17 no.1
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    • pp.61-75
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    • 2021
  • Power generation using solar PV and wind power are more feasible to compete with fossil fuel power generation. However, residential acceptance is still a big challenge in the deployment of renewable energy. The Korean government has implemented various policies to support the development of renewable energy in which communities invest. However, there are very few cases of the commercial operation of community-invested renewable energy power plants. Renewable energy has attracted attention in the reduction of greenhouse gasses (GHG) effects and economic feasibility. However, it is also necessary to focus on socio-economic effects to overcome the economic recession while reducing greenhouse emissions. Community-invested renewable energy development projects can positively revitalize the local economy in many aspects, such as resident income, job creation, and the growth of local businesses. This study analyzes the local economic impact of renewable energy development projects on residents' income and job creation. It increased local companies' sales through community-invested development projects in Korea.

An Exploratory Study on Sharing Economy Network Building in Local Destinations : Perception of the Sharing Economy Services of Accommodation and Car Rental in Local Communities (지역관광지의 공유경제 네트워크 구축을 위한 탐색적 고찰 : 지역사회 기반 숙박 및 차량 공유경제서비스 운영에 대한 인식을 중심으로)

  • Min, Woongki;Kim, Sangtae
    • 지역과문화
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    • v.6 no.1
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    • pp.1-27
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    • 2019
  • The study explores the way how sharing economy services of accommodation and car rental, one of social issues actively discussed today are settled in the process of sharing economy building in local destinations. The result shows that average consumers expressed their favorable attitude toward the sharing economy services. However, the consumer's attitude didn't directly affect the consumer's positive perception that there is need for local sharing economy service network and the educational system for local residents and the network helps the economy. Instead consumer's knowledge of sharing economy services and their eagerness to learn the knowledge as parameters related the consumer's attitude to their perceptions; the consumer's attitude affected indirectly their perceptions. The study shows that local communities and their residents' efforts are not enough simply to activate the sharing economy services in the development process of tourist resources, while it asks consumers to learn information and knowledge of the sharing economy. Therefore, consumers and residents should interact and communicate closely with each other to help the development of local destinations and tourist resources based on sharing economy.