• Title/Summary/Keyword: Foreign Firms

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The Spatial Pattern Changes in the Korean Manufacturing FDI on China (1988~2013) (한국 제조업 대중국 FDI의 공간적 패턴 변화(1988~2013))

  • Lee, Jung-Yoon
    • Journal of the Korean association of regional geographers
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    • v.21 no.1
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    • pp.114-136
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    • 2015
  • Manufacturing FDI is mainly conducted by establishing production firms in the host country. The foreign branch facilities which are closely connected to headquarters in the home countries through the global supply chain have decisive effects on the integration of global production system and on the pattern changes in international logistics. Therefore, the study on the development process of manufacturing supply chain through FDI can be the key factor to understand the global production and international logistics system. This study analyzes the spatial and temporal patterns of direct investments in China by Korean companies in the manufacturing sectors. The results show a great deal of differential in periods and regions in investment. At the early period of Korean manufacturing FDI, the coast provinces in China which are adjacent to Korean peninsula were main investment target regions. However recently, coastal and inland provinces far away from Korea have been important for attracting Korean manufacturing capital. If further affiliated studies are done, the results of this study would be more beneficial to understand the logistics flows of regional supply chain based on the manufacturing FDI.

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A Study of the Overseas Entry Strategies of Freight Forwarders (국제물류주선업의 해외진출 전략에 관한 연구)

  • Kim, Ho-Hwoan;Shin, Yong-John
    • Journal of Korea Port Economic Association
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    • v.31 no.2
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    • pp.69-83
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    • 2015
  • This study proposes effective overseas market entry strategies that could allow Korean logistics companies to develop international capabilities and become global firms by adapting to environmental changes in global logistics. First, it reviews the overseas networks of Korean international freight forwarders and the recent trends in the global logistics market. Then, it surveys the conditions of two groups of freight forwarders, namely partnerships and subsidiaries, which are categorized according to type of entry into foreign markets. These companies' networks are concentrated in East and Southeast Asia regardless of network type. As a result, the ability for partnerships to network is higher than that of subsidiaries. However, subsidiaries are small in number and located in various regions because of their initial stage, which is why their businesses depend on the price competitiveness of the parent company. The satisfaction and performance of subsidiaries are both generally low according to the presented findings. In addition, the successful strategies of international freight forwarders include following operations, specializing their logistics services, building collaborations among small and medium-sized companies, recruiting and training professional human resources in international logistics, and entering markets together with their customers. Overall, this study highlights the importance of measuring and evaluating objectively the level and performance of overseas networking through a survey about the internationalization of Korean freight forwarder companies. To conclude, this study is considered to contribute to raising their global competitiveness by suggesting strategies derived from the survey findings and SWOT analysis.

An Effect of Business Service Industry on Korean National Economy using An Input-Output Analysis (비즈니스서비스 산업이 한국경제에 미치는 영향에 관한 연구: 산업연관분석을 이용하여)

  • Shin, Yong Jae;Yim, Myung-Seong
    • Journal of Digital Convergence
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    • v.11 no.12
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    • pp.275-285
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    • 2013
  • As the world economy has been changed into the knowledge-based society, all economic activities have globalized and intensified competition in the marketplace, and the forces of these changes are even more aggressively pressuring today's business. According to many businesses are focused on the core competence and various functions are outsourced by service providers, many firms pay heavily attention to business service. Although the importance of business service, domestic business service industry shows a low labor productivity. On the other hand, foreign business service companies in korea take a substantial portion of business service market. Thus, domestic business service needs to increase a competitiveness because of potential growth opportunities. This study attempts to find out the ripple effect of business service industry on other industry.

On the Consideration of Logistics Network Establishment and Priority Evaluation between Korea and China Using AHP method (AHP법을 이용한 한중간 물류네트워크 구축에 따른 우선과제 평가에 관한 연구)

  • Yeo, Gi-Tae;Park, Chang-Ho;Seo, Su-Wan
    • Journal of Korea Port Economic Association
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    • v.20 no.2
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    • pp.169-185
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    • 2004
  • It is an urgent problem that Korea logistics enteprises' expansion of advance into China market and the logistics network establishment between Korea and China to back up the former are to be solved. Accordingly, the purpose of this study is to deduce the subjects to establish the logistics network between Korea and China, and to evaluate the priority order. The results of this research are as follows: First, we conducted face-to-face interviews on the advisery group in China and Korean enterprises which advanced into China, and drew out 6 promoting subjects to build the logistics network between the two. Second, the AHP model was adopted, which is a multi-criteria?multi-hierarchical decision making method, to draw out the weight and priority order of the deduced 6 promoting items. Third, the resultant priority order of the promoting subjects is as follows: No.1 - to establish the distribution & logistics support center by region(0.3900); No.2 - to support various taxes in investing the logistics business abroad(0.1980) ; No.3 - to improve the management of CIQ(0.1958); No.4 - to back up the joint-venture of logistics firms(0.1169); No.5 - to enhance trade and foreign policies to deregulate the entry into logistics markets(0.0536); No.6 - to construct the logistics information system of China(Northest Ssia)(0.0458). This paper resulted in finding out Korea logistics enterprises that have not secured their own inland-transport network in China and the actual difficulties of Korean enterprises with using the inferior network that advanced into China. These problems were developed into the analysis adopting the AHP method, and the significancy of this paper is to present the priority order of promoting problems using a sophisticated technique.

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Exploring on 'Go Global' Barriers of Chinese Inner Mongolia Cashmere POEs (중국 내몽고 캐시미어 민영기업의 해외시장 진출 장벽에 관한 탐색적 연구)

  • Lee, Keonhyeong
    • International Commerce and Information Review
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    • v.19 no.3
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    • pp.63-82
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    • 2017
  • This study explores the barrier factors of Chinese private-owned enterprises in overseas expansion in terms of corruption, political risk, market fluctuation, cultural difference, and firms resource endowments. To explore the existing practical backgrounds, it was investigated to private-owned enterprises dealing with foreign export companies where run business in Hohhot, Baotou and Ordos, Inner Mongolia, China. The result shows that the corruption and political risks of host countries do not have significant influence on business performance in 'Go global' strategy, while the market fluctuation of host countries has a negative effect on business performance. Cultural difference has a negative effect on business performance, and enterprises' resource endowments have a positive effect on business performance in 'Go global' strategy. Additionally, interviewees provide several substantial suggestions regarding the government policy and industry ecosystem to surmount the barriers of POEs' going global. Lastly, the authors discuss managerial implications and provide several suggestions for the future studies.

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Suggestion for Reform of Korean Medical-Juridical-Person System: through review on for-profit ownership of Korean medical institutions (영리법인병의원에 대한 고찰을 통한 국내 의료법인제도의 재구성 방안)

  • 정형선;이해종;김정덕
    • Health Policy and Management
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    • v.13 no.3
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    • pp.52-70
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    • 2003
  • The rate of conversion to Medical-juridical-persons' ownership of medical institutions has increased rapidly since its start in 1970s in Korea. The most sensitive issue to introduce for-profit medical institutions, ignited particularly by the WTO/DDA negotiations, has sparked considerable debate, stemming largely from conflicting views on the theoretical effects of ownership status on organizational behavior. This study surveyed health-related experts' opinions on allowing for for-profit-firms-owned medical institutions. Some fear that the obligation to maximize the share-holders' return on their investment will cause the medical institutions to eliminate necessary but less lucrative services. They may easily fall under more pressure to generate income, and respond more aggressively than not-for-profit medical institutions to financial pressures. Advocates of for-profit ownership of medical institutions argue that greater responsiveness to the demands of the marketplace will lead to larger investment, higher quality and lower costs to consumers. Referring to both foreign countries' experience and domestic experts' opinions, this study suggests for reform of the current Korean Medical-Juridical-Person(MJP) System. Introduction of so-called “Capital-investment” MJPs is recommended where the properties left in case of their dissolution can be distributed to original investors according to the procedures stipulated in their statutes. However, their annual profits are not allowed to be allocated to investors, but should be reinvested for their medical institutions, as is the case in current MJPs. Their legal aspects are also reviewed in this study.

A Study on the determinants of Korean Fisheries Processing Trade Firms' Sequential FDI in China (중국진출 한국수산물가공무역기업의 후속투자 결정요인)

  • Jang, Young-Soo;Zhang, Zhun-Feng
    • The Journal of Fisheries Business Administration
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    • v.39 no.1
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    • pp.133-162
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    • 2008
  • In 1970, direct overseas investment in Korean fisheries started to sell the frozen marine products to Singapore with establishing local subsidiary. Direct overseas investment in China has carried out since Korea and China established diplomat relationship in 1992. the former day, The Korea invested indirectly in China via Hong Kong. It has reported that 253 local subsidiaries applied to China government permit at the end of 2004. The results will make a decision on whether to invest continuously. The results of actual proof analysis has announced that a successful investment of fishery company is mainly influenced in its own government policy. Many advantages of tax and administration for foreign company in China have been changed and vanished comparing to the beginning time of entering china. So. it is imperative for Korean government to take measures to changing policy of Chinese government. The early days, investment of fishery company is type of resources and abundant resources will affect succeeding investment. Nowadays, the type of the investment is the production oriented investment. And then many direct investment linked the production oriented investment have been conducted in many area in China. So. the production oriented investment will affect logistics and successful investment in China. And, The factor of Market potential in Market Factors in the middle of changing market oriented investment will conclude whether to invest. As the china exchange system changed from the fixed exchange system to the fluctuating exchange system. Risk of exchange rate will affect corporate's parent business. The local risk (regulation of import and export, remittance) will affect succeeding investment of corporate's parent.

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A Study on the RFID Based Service Platform Application for Reverse Supply Chain Management (역 공급사슬관리를 위한 RFID 기반의 서비스 플랫폼 적용에 관한 연구)

  • Bae, Suk-Tae
    • Journal of Korea Multimedia Society
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    • v.12 no.11
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    • pp.1671-1679
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    • 2009
  • The existing subjects of supply chain management, which link business firms to customers, have focused on forward logistics such as acquisition of low and subsidiary parts, manufacturing, distribution and sales. Consequently, it is emphasized that supply chain management has to be a sustainable business activity. Nevertheless, capabilities of reverse supply chain management for domestic companies are still relatively limited compared to advanced foreign companies. For this reason, this study aims to develop the service platform, which provides information on return, retrieval, abolish and recycling using RFID, includes information on packing, placement, loading and unloading and transportation of the goods. In order to achieve the purpose of this study, the research previous studies and analyze achieved diverse cases on reverse logistics, review the present state, and propose service platform application to manage reverse supply chain which will be applied.

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The Effect of the Management Activities' Importance Perception on the Business Performance (경영활동 중요도 평가가 경영성과에 미치는 영향)

  • Kim, Soo-Hyun;Lee, Sang-Kyu
    • The Journal of the Korea Contents Association
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    • v.18 no.9
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    • pp.366-374
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    • 2018
  • In this paper the relationship between the business performance and the importance perception of management activities is analyzed. The analysis is conducted by dividing the analysis time-frame into before and after the economic recession. In addition, we consider the type of industry and the type of government support policy that the companies participate in. According to the results, the management activities, such as the introduction of domestic external technologies and the release of new products, are to have a significant impact on business performance for both before and after the economic recession. The introduction of foreign external technologies is significant before the economic recession, but after the economic recession the fund raising activity is shown to be significant. Management activities that affect business performance of large/small businesses, IT/non-IT companies, high/low R&D firms and the companies participated in various government support policies are different. In other words, it can be found that the support of management activities that can enhance performance should be done in an appropriate way considering the characteristics of the company rather than being provided to all companies in common.

The Relationship between R&D Policies' Importance Perception and Business Performance (연구개발 정책의 중요도 평가와 기업의 경영성과와의 관계)

  • Kim, Soo-Hyun;Lee, Sang-Kyu
    • The Journal of the Korea Contents Association
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    • v.18 no.10
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    • pp.498-506
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    • 2018
  • Considering that firms' view on R&D activities may differ depending on the economic situation, in this paper, R&D policies that significantly affect the business performance are identified. The analysis is conducted by dividing the analysis time-frame into before and after the economic recession. In addition, we analyze by considering the type of industry, the proportion of R&D investment, and the type of government support policy that the companies participate in. According to the results of the empirical analysis, the provision of global market and technology information is recognized to give a significant impact on business performance for both before and after the economic recession. It is shown that recognizing the importance of 'supporting self-technology development', 'enhancing technical cooperation with foreign countries', and 'enhancing the contract and intellectual property protection system' that had significant effects before the recession did not significantly affect the business performance after the recession. The analysis results could give meaningful implications to the government for deciding which R&D activities should be supported.