• Management & Information Systems Review
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• v.34 no.3
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• pp.179-196
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• 2015

The purpose of this study is to examine the influence of variable cash compensation depending on short-term performances instead of stock compensation for the executives on the investment in tangible assets, investment and R&D, and profit reconciliation. The detailed objectives of the study include, first, to examine the influence of the cash compensation on investment in tangible assets and profit reconciliation depending on the characteristics of the company and, second, to examine the influence of cash compensation on the profit reconciliation of the investment in R&D depending on the characteristics of the company. The results of the analysis in this study can be summarized as follows; Firstly, the result of the positive analysis, as the compensation for the executives increased, by the characteristics of the companies conducted on the significant 'positive' (+) on the investment in R&D and the profits reconciliation showed that the high tech industry and the share ratio of the executives did not show a significant result, while the debt ratio showed a significantly positive result. Secondly, the result of the positive analysis, as the compensation for the executives increased, by the characteristics of the companieson the significant 'positive' (+) of the investment in tangible assets and reconciliation of profits showed that the high-tech industry did not show a significant result, while the hypothesis on the share ratio of the executives and the hypothesis on the debt ratio showed results that are significantly positive as expected. In other words, it can help Korean companies, which have to investment in R&D and tangible assets to increase their competitiveness and promote future growth dynamics, to design a manager compensation system that is appropriate for our country to support efficient investment decision-making.

• Journal of Korea Technology Innovation Society
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• v.14 no.3
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• pp.466-487
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• 2011

This study analyzed the effect of small and medium businesses' R&D intensity and patents on their price-earnings (P/E) ratios. Regression analysis was conducted on a sample of manufacturers listed on the Korean Securities Dealers Automated Quotations (KOSDAQ) for the past decade (2000~2009). The result is summarized as follows. First, a negative correlation was identified between companies' R&D intensity and their P/E ratios, but no significant relationship was found between their numbers of domestic patent applications and registrations and P/E ratios. Second, the analysis of the effect of the companies' R&D intensity on their P/E ratios resulted in a negative correlation of -1%. Third, the analysis of the effect of the companies' number of domestic patent applications and registrations on their P/E ratios showed that they did not have any significant relationship. Fourth, high-tech firms' R&D intensity had a negative correlation of -1% with their P/E ratios, but had a positive correlation of 1% with their numbers of domestic patent applications. Furthermore, the R&D intensity of middle-to-high and middle-to-low tech enterprises had a negative correlation of -1% with their P/E ratios, whereas their numbers of domestic patent applications and registrations had no significant relationship with their P/E ratios. The above results suggest that to produce successful outcomes from their R&D investment and patents, individual firms need strategies for technological innovation that relate to their technological level.

• Journal of Labour Economics
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• v.24 no.1
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• pp.1-33
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• 2001

Public investment in education has been justified by assumed positive externalities of education. Using the 1995 10% Population and Housing Census and 1998 Korean Labor and Income Panel Study, this study first examines the distribution of human capital across Korean cities and industries, and second, investigates the sizes of external economies of education by exploring how the average schooling of workers in cities and industries affect an individual worker's hourly wage. Generally, the average schooling of workers in the capital region cities is much higher than in other cities and the average schooling of workers in high tech industries is much higher than in other industries. As the average years of schooling in a city increases by one year, workers with the same personal and job characteristics such as sex, education, experience, occupation, and firm size, earn about 3% more. Also as the average years of schooling of workers in an industry increases by one year, the workers with the same personal and job characteristics earns about 5~7% more.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.18 no.4
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• pp.131-142
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• 2018

In Korea, for the past 50 years, industrial parks have played an important role in economic growth as a cluster of national key industries. However, due to various problems of these old industrial parks, they are weakening competitiveness. It is necessary to be converted into a model for the management and fostering of high-tech industrial complex park by classifying them into development plans, management plans, and support plans according to types and characteristics of industrial parks. For this purpose, we propose CIPs (Connected-Industrial parks) using new technologies such as Cloud Computing, RFID, WSN, CPS, and Big Data analysis based on IoT. It is a hub that supports various services in transportation, warehousing and manufacturing fields while possessing and operating physical assets as concept. each CIP (Connected-Industrial park) is connected and expanded Through such CIPs, network-type collaborative manufacturing and intelligent logistics innovation enables cost reduction, delivery shortening, quality improvement.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.8
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• pp.130-139
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• 2020

The defense industry is a future-oriented industry, in which high-tech technologies are concentrated. In addition, it is a key industry for maintaining national security, and the R&D of the defense industry is very important. With the introduction of a competitive system by defense industry companies, the necessity of improving the efficiency and productivity of defense industry companies is emerging. In this study, the efficiency of the defense industry was measured using the CCR and BCC model. In addition, super efficiency was derived using the Super-SBM model. For this study, the 2019 defense industry management analysis data of the Korea Defense Industry Association (KDIA) was used, and the analysis was performed by setting the number of researchers and investments of domestic defense industry companies as the input variables and sales as the output variables. Through this study, it is expected that the defense industry's R&D efficiency will be grasped, which will help establish a policy for fostering the defense industry in the future.

• Journal of the Korea Convergence Society
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• v.9 no.5
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• pp.137-143
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• 2018

The 4th industrial revolution will have brought smart furniture integrated with IT technology and provide a convenient and comfortable environment for our lives. Therefore, this study analyzed the design characteristics of fusion integrated furniture based on changes of the times. In 20th centuries, characteristic of fusion design was based on architectural structure, new material and function. In 21st centuries, smart home furniture and network system was developed based on IT technology. In addition, due to the increase of single-person households and various consumer purchasing patterns, combined functions for small spaces and multi-function furniture was also developed. In conclusion, the trends of convergence design furniture from 20 to 21st century showed that furniture industry has a significant potential for high-tech technology. This study may be a useful information in developing convergence design furniture industry.

• Journal of Technology Innovation
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• v.11 no.1
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• pp.215-236
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• 2003

According to Gerschenkron (1962), the industrialization of relative backward countries was characterized in a systematically varying fashion by sudden spurts. With respect to the technological loaming, its globalization, and the subsequent development of technological capability, Korea, a catching-up nation had some experiences of identifiable discontinuities in her technological development in various industries. This study examines a developmental path of technological catching-up in Korean mobile telecommunication, especially CDMA industry and argues that investment and networking capability play an infrastructural role in accumulating her technological capability. Note that the technological experiences in high-tech industries have made Korea take a different technological path with respect to the previous industrialization. For this purpose, it proposes an analytical framework for examining a developmental path of Korean catching-up players. In addition, it analyzes the case of the Korean mobile telecommunication industry on the basis of the framework, and identifies a developmental path from the case analysis.

• Journal of Korea Technology Innovation Society
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• v.2 no.2
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• pp.309-325
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• 1999

If we want to overcome the current IMF-guarded economic situations as early as possible and to change the present industry structure to the new knowledge-based structure, it is a great necessity to increase the capability of technology innovation as a key factor of the international competitiveness, and to establish the infrastructure of venture business for increasing utilization of technologly and patent. Even though there has been a great increase in application and enrollment of the Industrial Property Rights (i.e. IPRs) including patent recently, the number of unused IPRs are increasing progressively every year (for example, the ratio of unused patent is about 60% in 1997), and illegal use of patent and dependance on the foreign patent are increasing sharply. This paper will suggest policy on nurturing venture business for increasing utilization of the unused IPRs, including technology transaction strategy and link strategy of the high-tech industries between metro Taejon and Chungcheong Area.

• Food Science and Industry
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• v.50 no.3
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• pp.2-32
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• 2017

Due to the increasing demand for convenience and simplicity, Home Meal Replacement (HMR) has become a key trend in the food service industry. This study researched the current consumer trend and analyzed the national and international HMR product trend, aiming to find useful insights for the field. Results showed that in order to expand the HMR market demand, it is possible to consider diversifying the product category by making customized premium products, such as products for the elderly, infants, patients, and sports players, or products with enhanced nutritional fortification. From the industrial aspect, centralization through Central Kitchen (CK) and implementation of the scientific and advanced ISO and HACCP system are necessary. Lastly, to develop high value-added HMR products, it is deemed essential to utilize the so-called 'food tech', the technology which integrates core technologies of the fourth industrial revolution into the food industry.

• Fashion & Textile Research Journal
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• v.22 no.5
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• pp.676-685
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• 2020

This study developed smart vests with heat and massage functions that changed patterns, designs, materials, etc., and evaluated their functions and satisfaction. A knitted fabric with good elasticity and a heating lining were used, and in consideration of this, the final vest pattern fitted to the upper body was completed. A heat pad was attached to the back, and 6 vibration motors were attached to the trapezius muscle. The controller was placed on the left chest for easy operation, and the battery was stored in an inner pocket under the controller. The heating effect of the smart vest, the location of the devices, and the ease of operation were excellent. When the massage function was operated, the thermal comfort was increased compared to when the massage function was not operated, and the high thermal comfort was perceived by the operation of heat and heat+massage function. Due to the battery, the weight, irritating contact of devices and wearing sensation decreased, but there was no reduction in wearing sensation due to heat and vibration devices. The greater the satisfaction with the massage function, thermal comfort, fit, appearance and weight, the greater the product satisfaction.