• KDI Journal of Economic Policy
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• v.34 no.3
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• pp.95-131
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• 2012

This study examines whether the executive turnover and the executive resignation during the term of office affect the performance of Korean state-owned enterprises. The executive turnover in the paper means the comprehensive change of the executives which includes the change after the term of office, the change after consecutive terms and the change during the term of office. The 'resignation' was named for the executive change during the term of office to distinguish from the executive turnover. The study scope of the paper is restrained to the comprehensive executive change itself irrespective of the term of office and the resignation during the term of office. Therefore the natural change of the executive after the term of office or the change after consecutive terms is not included in the study. Spontaneous resignation and forced resignation are not distinguished in the paper as the distinction between the two is not easy. The paper uses both the margin of return on asset and the margin of return on asset adjusted by industry as proxies of the performance of state-owned enterprises. The business nature of state-owned enterprise is considered in the study, the public nature not in it. The paper uses the five year (2004 to 2008) samples of 24 firms designated as public enterprises by Korean government. The analysis results are as follows. First, 45.1% of CEOs were changed a year during the sample period on the average. The average tenure period of CEOs was 2 years and 3 months and 49.9% among the changed CEOs resigned during the term of office. 41.6% of internal auditors were changed a year on the average. The average tenure period of internal auditors was 2 years and 2 months and 51.0% among the changed internal auditors resigned during the term of office. In case of outside directors, on average, 38.2% were changed a year. The average tenure period was 2 years and 7 months and 25.4% among the changed internal directors resigned during the term of office. These statistics show that numerous CEOs resigned before the finish of the three year term in office. Also, considering the tenure of an internal auditor and an outside director which diminished from 3 years to 2 years by an Act on the Management of Public Institutions (applied to the executives appointed since April 2007), it seems most internal auditors resigned during the term of office but most outside directors resigned after the end of the term. Secondly, There was no evidence that the executives were changed during the term of office because of the bad performance of prior year. On the other hand, contrary to the normal expectation, the performance of prior year of the state-owned enterprise where an outside director resigned during the term of office was significantly higher than that of other state-owned enterprises. It means that the clauses in related laws on the executive dismissal on grounds of bad performance did not work normally. Instead it can be said that the executive change was made by non-economic reasons such as a political motivation. Thirdly, the results from a fixed effect model show there were evidences that performance turned negatively when CEOs or outside directors resigned during the term of office. CEO's resignation during the term of office gave a significantly negative effect on the margin of return on asset. Outside director's resignation during the term of office lowered significantly the margin of return on asset adjusted by industry. These results suggest that the executive's change in Korean state-owned enterprises was not made by objective or economic standards such as management performance assessment and the negative effect on performance of the enterprises was had by the unfaithful obeyance of the legal executive term.

• Journal of the Korea Safety Management & Science
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• v.25 no.3
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• pp.23-30
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• 2023

This study analyzed the factors affecting the educational effect of safety innovation education for management of public institutions. A survey was conducted on 294 CEOs and executive directors of public institutions (divided into construction sites, workplaces, and research facilities) subject to the safety management rating system to understand the impact of educational participants' characteristics and behavioral intentions after safety innovation education. As a result of statistical analysis, it was found that the executive director had a higher behavioral intention than the CEO, and the education quality, education instructor, and educational environment all had a significant positive (+) effect on the behavioral intention. This study can be used as basic data for further research related to safety innovation education for management of public institutions

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1913-1919
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• 2007

Substantive provisions of the concept of an estimation and safety of complex technical systems are envisaged. New problems are assume orientation to use of the formalized methods of an estimation of residual resources of reliability of objects, and also development of other methodological base in creation of complex technical systems that is connected with detailed elaboration of attention to a safety at all stages of creation of systems: from designing until operation. In this connection existing large objects should be provided by the developed systems of engineering monitoring and diagnostics.

• IE interfaces
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• v.3 no.1
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• pp.21-29
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• 1990

This paper presents a linear programming formulation of the aggregate production planning problem for an optical instrument manufacturing company. Taking into account of the various requirements of the company, an L.P model is developed whose objective is to minimize the total cost of production during the planning horizon. The application results and its implications are well understood by the management and expected to be used as a guide line for future production planning.

• World Technopolis Review
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• v.4 no.4
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• pp.238-246
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• 2015

This paper reviews the 6-Month Challenge Platform Program, a short-term intensive start-up supporting program in Korea, which will be launched late 2015 to promote economic growth by taking new ideas and transforming them into new products and start-ups in connection with the Creative Economy Town and the Creative Economy Innovation Centers under the Creative Economy Policy.

• The Journal of Engineering Geology
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• v.17 no.3
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• pp.381-391
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• 2007

A series of talus slope stability analyses were carried out using 2D FEM and 3D limit equilibrium methods for this study. The FEM analyses on Phase 2 were performed to delineate failure depths based on stress distributions for each slope. The results revealed that the failure surface exist in the colluvium layer of about 3-10 m thickness. Three dimensional models, derived from the FEM analyses and geological field survey, were made for the use in a 3D limit equilibrium analysis. The result shows that all the talus slopes are stable under dry condition, but unstable under saturated condition due to heavy rain.

• Journal of Distribution Science
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• v.11 no.11
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• pp.5-11
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• 2013

Purpose - Considering corporate companies that are continually growing and bearing in mind the theory of agency, how confident can stakeholders be about their benefits in relation to managers' decisions? Previous research has indicated that the type of corporate governance can have an effective impact on companies' performance. The current study aims to investigate the impact of ownership structure on listed companies on the Tehran Stock Exchange. Research Design, Data, and Methodology - Through use of the correlation coefficient, the results indicate a positive correlation among the percentage of common stock held by board members, the percentage of non-executive board members, and separation of the positions of chairperson of the board of directors and managing director. Results - Based on the return on assets index, only the correlation between the proportion of ownership of the managing director and financial investment company ownership is significant. Conclusion -Managers can potentially make decisions that benefit themselves but are detrimental to shareholders' interests. Corporate governance is a factor that can mitigate agency costs. Corporate governance comprises the laws, regulations, structures, processes, cultures, and systems that lead to the achievement of objectives such as accountability, transparency, justice, and stakeholders' rights.

• Tunnel and Underground Space
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• v.2 no.1
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• pp.1-10
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• 1992

As our global population grows each day, it is apparent that we must find new ways to provide space for habitation and the services necessary to support large urban areas. It is no longer advisable nor acceptable to continue to expand our cities on the surface, encroaching on valuable agricultural land and open space. We must also find ways to be more energy efficient in every aspect of our societies. Effective use of underground space can provide the space necessary to accommodate larger populations and the services necessary for their support in existing urban areas we can also find new ways to utilize underground facilities to improve urban efficiency and function. Underground technology has improved dramatically in the last two decades and continues to evolve to meet a great variety of applications. The confluence of available technology, economic feasibility, and greater acceptance of underground solutions with recognition of the need to change the ways we build and use out urban areas and their surrounding environment indicates that we are witnessing only the beginning of appropriate and innovative use of underground space future generations will indeed 'Think deep'.

• International Journal of Aeronautical and Space Sciences
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• v.13 no.4
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• pp.421-427
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• 2012

Solar Sail propulsion has been validated in space (IKAROS, 2010) and soon several more solar-sail propelled spacecraft will be flown. Using sunlight for spacecraft propulsion is not a new idea. First proposed by Frederick Tsander and Konstantin Tsiolkovsky in the 1920's, NASA's Echo 1 balloon, launched in 1960, was the first spacecraft for which the effects of solar photon pressure were measured. Solar sails reflect sunlight to achieve thrust, thus eliminating the need for costly and often very-heavy fuel. Such "propellantless" propulsion will enable whole new classes of space science and exploration missions previously not considered possible due to the propulsive-intense maneuvers and operations required.

• Toxicological Research
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• v.17
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• pp.189-191
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• 2001

In the past, IUTOX engaged in dialogue with various international toxicology organizations to address this important issue. IUTOX Executive Committee engaged in activities that support accreditation and/or registration of toxicologists around the world. As a result of discussions held during the IUTOX-sponsored workshop at the 2000 Annual Meeting of the SOT in Philadelphia, it was decided to create an international forum, the "International Assembly for the Recognition of Toxicologists"(IART). The mission of IART was defined as threefold: 1) to establish a forum for development of criteria for recognizing qualified experts in toxicology; 2) to assist "recognizing organizations" in establishing these criteria; and 3) to promote identification and training needs to enhance expertise in toxicology. The membership of IART is open to all organizations (e.g., registries, boards, academies, etc.) whose purpose is the recognition of expertise in toxicology.rtise in toxicology.