• Title/Summary/Keyword: Government Role

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The Development of Venture Capital Industry and the Role of Government in Korea: Venture Boom vs. Post-boom (벤처캐피털 산업의 발전과 정부의 역할)

  • Lee, Suil
    • KDI Journal of Economic Policy
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    • v.30 no.1
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    • pp.211-246
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    • 2008
  • This paper evaluates the role of Korean government in the venture capital industry, in particular in the stages of fund-raising and venture investment. Utilizing data from Korean Venture Capital Association (KVCA), the analysis is conducted for the venture boom and post-boom periods separately. Empirical results show that the government played a significant role in the fund-raising stage in both venture boom and post-boom periods. When it comes to the investment stage, however, the empirical results indicate that the government did not accomplish expected roles. In particular, the government failed to induce investments in the outside funds of which the government had a larger stake toward early-staged firms and guide common stock investments during the venture boom period. The empirical outcomes also show that the government has not properly increased venture investments on high-tech industries during the post-boom period. This paper argues tentative reasons why the policy failures were observed in relation to the policy implications and provide several pieces of supporting evidence.

The Role of Private Participation in FTA Negotiation : A Case of U.S., Mexico and Japan (FTA협상에서 민간참여의 역할 : 미국, 멕시코, 일본 사례를 중심으로)

  • Kim, Hong-Youl;Chung, Yong-Kyun
    • International Commerce and Information Review
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    • v.11 no.3
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    • pp.363-390
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    • 2009
  • This study investigates the role of private participation in FTA Negotiation in case of US, Mexico and Japan. We utilize Putnam(1988)'s two stage negotiation model, Schelling Conjecture and Principal-Agent(P-A) theory to understand the role of private sector in FTA Negotiation. Those theories are useful to understand the behavior and interaction of key players such as private sector, congress and government in FTA negotiation. Putnam(1988)'s two stage negotiation model divides the FTA negotiation process into two processes: the external negotiation with foreign country and domestic negotiation with domestic interest group. Principal-Agent(P-A) theory provides the theoretical foundation of Putnam's two stage negotiation model, which is that principal's interest is not identical to the interest of Agent. We showed that the private sector and congress play an important role in FTA negotiation in United States. In case of Mexico, the private sector and government occupy the dominant position in FTA negotiation. In particular, the cooperation of industry and government has been successfully established via COECE in Mexico. In contrast to these countries, the role of private participation in trade policy is relatively low in Japan and Korea.

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Using a Paradigm of "Work to Role" for Innovative Government

  • Yoon, Joseph;Moon, Yong-Eun
    • 한국디지털정책학회:학술대회논문집
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    • 2005.06a
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    • pp.51-71
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    • 2005
  • Performance measurement systems based on the principle that "if you can't measure it, you can't manage it" reinforce a short-term culture by focussing on tangible outputs. Instead, the focus of organisations should be on sustainable long-term performance through continuous systemic improvement. To establish and reinforce behaviours that drive systemic improvement, measurement and reporting systems need to be de designed to re-enforce work to role behaviour by managers. This paper discusses this concept and how it is being applied in practice through an ongoing action research project.

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A Study on the Development Phases of GIS based E-government (GIS기반 전자지방정부 발전단계모형 연구)

  • Choe, Byong-Nam;Kim, Dong-Han
    • Journal of Korea Spatial Information System Society
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    • v.7 no.3 s.15
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    • pp.3-11
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    • 2005
  • There are not enough information and service in current e-government practice because it only relier on text based information services. To make e-government more attractive and successful, scope of information and service should be broaden. To do so, GIS is necessary in the development process of e-government. This paper aims at exploring theories and technologies related to e-government and suggesting strategies for developing GIS based local e-government. In this paper, we particularly pay attention to the role of GIS for local e-government. Since many of local government data has spatial components, we believe that GIS would play a crucial role in developing local e-government. Thus, this paper tries to examine how GIS contribute to successful implementation of e-government. Then, it attempts to build a developmental model for GIS based e-government. Finally, it suggests strategies and policy measures for each development stage.

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The Dependency of News Attributes on the Government Source: A Case of the New Administrative Capital (뉴스 속성의 정부소스 의존 정도: 행정수도 이전을 둘러싼 언론보도와 정부 제공 이슈속성의 관련성 중심)

  • Kim, Yung-Wook
    • Korean journal of communication and information
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    • v.32
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    • pp.75-111
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    • 2006
  • The purpose of this study is to investigate the dependency level of news attributes on the government source and to measure up the impact of news negativity, press ideology, and the conflict level on the forementioned relationship in the context of the prime definer role of the government. The prime definer means that the official source such as the government may dominate media access and create media dependency on the issue and issue attributes. To test the research questions, the content analyses of both the government briefing materials and newspapers were conducted. Textual arguments regarding the new administrative capital were chosen for the analysis. The results showed that the government source played a prime definer role in framing issue attributes of news reporting. This prime definer role was not diminished even among the negative coverage about the chosen topic. However, press ideology and the conflict level influenced the relationship between news attributes and the government-released information in some extent.

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A Study on the Effects of Information Perception and Purpose of Information Use on Trust in Government (정보화 인식과 정보활용 목적이 정부신뢰에 미치는 영향에 관한 연구)

  • Myeong, Seunhwan;Kwon, Yongmin;Park, Juyong;Lee, Bokja
    • Informatization Policy
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    • v.19 no.1
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    • pp.25-44
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    • 2012
  • This study examined the relationship among perception on information, purpose of information use, and trust in government. It also identified different patterns of groups by their ideological inclination via a national survey on sample population over the age of twenty. The result showed the statistical significance of the relationship among information perception, purpose of information use, ideological inclination, and trust in government. The analysis result implies that the role of government should be readjusted in terms of publicness toward meta-data provider which is transparent and fair without any discrimination by individual difference and economic condition. This will increase the level of trust in government data and its utilization will be tied into the individual connectedness for social integration. The role of government as an information provider needs to establish the role of mediator which always keeps social rules and tracks down violators in a timely manner in the process of information production. With transparent information flow and fair game, the richness of information and a positive production environment will be created.

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A theoretical study on the role of government for the activation of B2B in Korea (국내 기업간 전자상거래 활성화를 위한 정부 역할에 관한 연구)

  • 백종구
    • The Journal of the Korea Contents Association
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    • v.2 no.1
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    • pp.46-51
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    • 2002
  • With the Internet, many enterprises have been able to improve their productivity, gain opportunity to get competitive power and access to potential global customers. The why that the support of government is needed in implementation and activation of EC is that EC is the best way to reduce the transaction cost in business process. This study examines factors affecting the activation of B2B and selects the three sides needed the support of government. With that point, This study proposes a role of government in that three sides.

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The Determination of Gasoline Pricing and the Policy Effect of Dereguration (휘발유 가격결정과 유가 자유화정책에 관한 연구)

  • Sonn, Yang-Hoon;Na, In-Gang
    • Environmental and Resource Economics Review
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    • v.11 no.3
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    • pp.493-513
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    • 2002
  • This empirical study analyzed the policy effect of deregulation in oil product prices. To investigate the effect of deregulation, it is tested whether gasoline prices are determined by market power. Also, the role of government in gasoline tax system is investigated. The empirical analysis has been done by using error correction model. The major findings are as follows. First of all, no significant empirical evidence is found to support that the deregulation affects the determination of gasoline prices. Secondly, the short-term CIF elasticity is estimated to be 0.14. This finding implies that if CIF increases 10%, the gasoline prices increase 1.4%. Finally, the investigation on government role in deregulated market shows that the government has still exercise the power of control through the tax system. For example, the government is seemed to increase the gasoline price more than the increase amount caused by the international oil prices and the exchange rates, because of the intention to achieve the internal revenue increases and lead to gasoline conservation.

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A Study on Simyak of Medical Bureaucrat in Joseon Dynasty (조선시대 의관직(醫官職) 심약(審藥)에 대한 고찰)

  • Park, Hun-Pyeng
    • The Journal of Korean Medical History
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    • v.28 no.2
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    • pp.59-72
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    • 2015
  • Simyak (審藥) was a government officer to lowest, but it was appointed and dispatched directly by officials from the central government. Simyak played a role in mediating between the provincial and central health care. Therefore, understanding Simyak is necessarily required in the researches on the local health care in Joseon dynasty. Preceding researches of Simyak only have contained superficial information causing many errors. The purpose of this paper is to understand Simyak correctly through the historical literature review. The author found the following facts in this study. First, Simyak was succeeded to the government officer of Uihakgyoyou (醫學敎諭) in the previous period. Second, through the change of the name of Simyak, it can be presumed that the main task of Simyak was changed from the role in local medical education to the officer sending the herbs to the central government. Third, in the later Joseon dynasty Simyak was monopolized by some families just like any other medical officials. Fourth, Yangdowollyengui (兩都月令醫) and Tongyeongguryogwan (統營救療官) can also be put in the category of Simyak.

Problems and Suggestions for the IT Workforce Training Programs (정부의 IT인력양성정책 대한 문제점과 개선안)

  • Lee Taehee;Yu Jisoo;Ahn SungMahn
    • Journal of Information Technology Applications and Management
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    • v.11 no.3
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    • pp.1-21
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    • 2004
  • To meet the needs of the information age, the Korean government has placed a high priority in building the IT -capable workforce. Though a sizable financial resource was committed in implementing the policy, its effectiveness was not examined yet. The policy for the workforce development should be assessed continuously so that any misdirections are detected and redressed. The present study addresses four potential problems that would not allow the government to switch from a quantity-based policy to a quality-based policy. These are ① Korean universities' labor supply chain. ② moral hazard problems. ③ financial capacity of students, ④ horizontal policy orientation. The paper also proposes solutions to the mentioned problems. The government should foster an environment in which provide the concerned parties(universities. private institutions. students. etc,) with incentives to participate actively and promote the market principle of labor supply and demand. Such an ex-ante approach is believed to improve the system's efficiency compared to the extant approach based on ex-post KPI figures. If the four issues are not redressed. the market failure is likely to occur. The government should not make direct involvement in developing manpower, but rather be a linchpin to pull all concerned parties together. By doing so. the government should be able to fill the gap among parties in the system. One government role would be like defining workforce categories and promoting their career paths. Such role will also trigger universities and private institutions to pursue differential strategies along the supply chain of a particular workforce type.

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