• Title/Summary/Keyword: Initial Capital

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International Comparative Analysis on Start-up Incubation Ecosystem Based on PCII Model (PCII 모델에 근거한 창업보육생태계 국제 비교 연구)

  • Jung, Moosup;Haddou, Abdenour;Jang, Ji Young
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.2
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    • pp.27-38
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    • 2018
  • Since the Korean economic development path has been unique compared to other counties, it is necessary to build an incubation ecosystem matching with unique economic environment in Korea. In order to revive the dynamism of the economy, establishment of the incubator ecosystem should be a policy priority so that ventures with innovative ideas and challenging minds can grow into a global stage. The purpose of this study is to derive the policy implications for establishing ecosystem and infrastructure by comparing to other OECD countries such as US, Israel, Finland, and Japan that can offer meaningful policy implications to Korea. For this purpose, the most appropriate model for explaining the incubation ecosystem in Korea was designed. PCII Model (People, Capital, Incubating, Infra) has 4 elements. It provides a framework for incubation of entrepreneurship, funding for start-up, incubation course, establishment of business foundation infrastructure. The comparative analysis was conducted with 12 sub-items under 4 elements and qualitative and quantitative evaluations were performed for each category. As a result of the comparative analysis, Korea's incubation policy seems to be still in the initial stage in terms of establishment of ecosystem compared to other countries. Therefore, a systematic approach based on the ecosystem model is needed other than the short-term incubation policy.

Relationship Between Social Support Factors and Major Crimes in Korean Capital Area

  • Park, Sujeong;Kim, H. S.
    • Journal of the Korean Regional Science Association
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    • v.31 no.4
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    • pp.3-24
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    • 2015
  • Crimes must be reduced not only because of the financial, physical, and emotional damages they bring to the victims but also because crimes increase social costs by elevating distrust in society and instilling fear. With the increasing number of crimes in Korea, finding other factors that affect the occurrence of crimes is needed beyond the current viewpoint for crime analysis. Social support factors can be candidates for studies on the social support effect on crime occurrence in their initial stage. In this study, we identified the effect of social support factors on crime occurrence or deterrence, none of which has been considered important until now, given the emergence of spatial econometrics. The resulting Moran's I values revealed the existence of a spatial autocorrelation in all three crimes: heinous crimes, theft, and violence. As shown in the analysis using spatial econometrics and ordinary least squares, social support from families is significant in reducing all crimes especially violence. Social support from the local government is significant in preventing only theft. The spatial econometrics model is only valid in heinous crimes. These different effects of social support factors and spatial factors on crime occurrences are caused by the different characteristics of crimes. Hence, policymakers should consider the social support effect when they establish policies related to social housing or welfare.

Performance-Oriented Procurement Process and VE/PSC for Private Finance Initiatives (민간투자사업의 성능중심적 발주방식 및 PSC의 활용방안)

  • Lim Jong-Kwon;Park Heung-Min;Jung Kun-Ho;Woo Ji-Won
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.51-58
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    • 2004
  • The input-oriented project promotion system private participation in infrastructure projects currently in use in Korea has encountered difficulties in securing the primary benefits of private sector creativity problem solving and inflow of private capital. As such, the performance (or output)-oriented procurement process implemented in England and other developed countries should be evaluated for introduction. In Korea, private participation projects are currently identified as either solicited or unsolicited projects, each with different promotional procedures, the problem with these procedures is that competition is not pre-activated, the private sectors creativity is under utilized, and the rationality of project evaluations is inconsistent. Korea should, in order to raise the level of private sector creativity and efficiency, go beyond the currently applied Input Specification project promotion system to a Performance-oriented system similar to those implemented in England and other countries. To achieve this, we mate several proposals for the introduction of the performance-oriented system. We divide the main features of our proposals into three categories, including a reformed concessionaire selection system, a performance orientation in preparation of the concession agreement, and a performance orientation in contract management, and discuss each. 1'his study describes performance-oriented promotion systems in an output-focused way As this is an initial study on the introduction of performance orientation in private participation, various key points and proposals were identified. However, in the future, detailed research in technical fields and systems, legal research, and practical projects will be needed for implementation

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Factors that Explain the Lag in Building High-growth Firms in Women (여성의 고성장기업 창업이 저조한 원인)

  • Chun, Hesuk
    • The Journal of the Korea Contents Association
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    • v.16 no.7
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    • pp.300-308
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    • 2016
  • Research on OECD and Korea have shown that high-growth startups are the keys to job creation and that these companies are very important for economic growth. Given that the large-scale entry of women into the labor force accelerates economic growth and women have far lower levels of participation in growth-oriented entrepreneurship than men do, accelerating female entrepreneurship could have positive effects on the Korean economy. This paper uses data from several databases to do a comparison analysis between women's and men's start-ups to explore the factors that explain the lag in building high-growth firms among women. Women startups make up nearly 34% of startups(defined as less than 7 years of establishment), but only 6% of high-growth startups. Women rarely own large businesses, reflecting their low levels of initial capital and outside financing. Regardless of gender, entrepreneurs face many of the same challenges in starting businesses, but this study shows three primary factors for female entrepreneurs that lead to a less high-growth startup: a greater financing gap than for men(this gap is more apparent for high-growth firms), a lack of ideas, knowledge, and experience(related to the lack of mentorship), and lastly the difficulty maintaining a work-life balance. The findings are very similar with those found in studie's in the US(financing gap, work-life balance, and lack of mentorship). Further studies are required to identify more specific factors behind the gender gap in ideas, knowledge, and experience.

An Evaluation of N.Korean SEZs through Comparing with China's and Vietnam's Initial Cases (중국과 베트남 초기 경제특구와 비교를 통한 북한 경제특구 평가)

  • Kim, Mi-Suk;Choi, Dae-Sik;Kim, Doo-Whan
    • Land and Housing Review
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    • v.7 no.4
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    • pp.191-205
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    • 2016
  • North Korea(NK) has designated the special economic zones(SEZs) since the first one in Rason. But, why have the SEZs in NK still not been developed successfully? This study comparatively evaluated the SEZs in China, Vietnam and NK, with respect to 'context/purpose', 'development/management system', and 'location/infrastructure.' NK's strategies for the SEZs were different from those of China and Vietnam in terms of historical context and development purpose. China and Vietnam chose the market opening policy aiming to reform their national economy, while NK tried the opening policy without the economic reform. This difference made NK's decentralization and location strategies marginal. In spite of the positive land system and tax benefit of NK, the strategies couldn't make a successful result. The implications of this comparative study are as follows. Firstly, NK needs to establish a strategy for the SEZs in accord with the comprehensive and long-term plan for economic development and 'trustworthy and substantial market-systems' being compatible with outside world. For that, NK has to secure the regime stability in political and diplomatic dimensions. Secondly, NK has to carry out policies of decentralization and location of the SEZs more positively. Thirdly, in order to solve the problem related to lack of infrastructure capital, NK needs to utilize a BOT scheme.

A Spatial Analysis on the Socio-Cultural Level of Informatization Aspects (정보화 차원의 사회 ${\cdot}$ 문화 발전 수준에 대한 공간 분석)

  • Yoo, Yeong-Jun
    • Journal of the Korean Geographical Society
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    • v.31 no.3
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    • pp.529-541
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    • 1996
  • The Korean economy has recently changed from industry-based economy toward information-based one, empha-sizing on information utiliation and technological development. It is important to examine the background for the incoming information society and spatial aspect of infromation, because informati-zation process itself contains spatial features like spatial concentrtion and dispersion. This paper generally focuses on the socio-cultural aspects of the informati-zation aspects. The main questions are as follows: 1) what are the ain questions of the exsisting Korean case studies on the informatization; 2) how can we find the charateristics of spatial concentration of informatization by informatization indices; 3) is there any relationship between the degree of informatiztion and regional development? The results of this study can be found in the following facts: (1) The exsisting studies cannot be generallized as spatial analysis on the informatization In general, they focus only a single aspect of information industry or information job. Futhermore, their spatial unit of analysis is limited to provincial level, rather thn city-level micro study. (2) There are big differences between the Capital region, especially Seoul, and others with regard to the socio-cultural aspects of informatiation. Such informatization is concentrated in Seoul. Inchon and Kyeonggi-do, which are the better positions in information intensive activities. (3) The regional differences for the level of informatization are much bigger than those for the level of welfare, suggesting that the informatization tends to concentrate in specified large cities like Seoul. It is clear the Korea is now entering the initial stage of information society.

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Improvement of Degrading Activity of Poly(butylene succinateco-butylene adipate)-Degrading Strains Isolated from Soils (토양에서 분리한 Poly(butylene succinate-co-butylene adipate) 분해균의 분해활성 증진)

  • Joo, Hyun-Jin;Kim, Mal-Nam
    • Korean Journal of Environmental Biology
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    • v.27 no.2
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    • pp.198-204
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    • 2009
  • From leaf mold and reclamation site soil of the Capital area of Korea, 3 poly(butylene succinate-co-butylene adipate: PBSA)-degrading strains were isolated through the clear zone test. The PBSA-degrading activities of the strains were assessed by means of a modified Sturm test using 0.01% of PBSA film as a sole carbon source. After the modified Sturm tests for 40 days at the respective isolation temperatures, the 3 strains degraded 30%, 55% and 43% of PBSA, respectively. The isolated strains were identified to be Burkholderia cepacia PBSA-4, Bacillus licheniformisPBSA-5 and Burkholderia sp. PBSA-6 through the 16S rDNA gene sequence analysis. Among them, PBSA-5 degraded both PBSA and Poly(vinyl alcohol). The degradation activity of the PBSA degrading strains appeared to be high at moderate temperatures such as $27^{\circ}C$ and $37^{\circ}C$, and initial inoculum size of $10^{10}cfu\;mL^{-1}$ degraded PBSA 1.2~1.3 more times than that $10^9cfu\;mL^{-1}$. Addition of 0.1 or 0.5% (w/w) of gelatin, yeast extract and ammonium sulfate raised the PBSA degrading activity, and especially addition of 0.1% (w/w) of gelatin enhanced the PBSA degrading activity by more than 33%. The mixed strains degraded PBSA faster than the single strain.

Stomal Recurrence after Total Laryngectomy - A Critical Analysis of Etiology and Therapeutic Problems­ (후두전적출술 후 기공주변의 재발)

  • Choi Jong-Duck;Jung Kwang-Yoon;Oh Jae-Hoon;Kim Young-Hwan;Kim Byong-Hoon
    • Korean Journal of Head & Neck Oncology
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    • v.10 no.2
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    • pp.152-156
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    • 1994
  • Stomal recurrence after total laryngectomy presents serious therapeutic problems despite aggressive treatment methods. The purpose of this study is to evaluate the critical analysis of etiology and treatment results and to clarify the treatment plans and prevention of stomal recurrence. Among 159 cases who had undergone total laryngectomy for cancers of larynx(135 cases) and hypopharynx(24 cases) during recent 10 years, stomal recurrence occured in 12 cases(1 case with type I, 2 cases with type II, 2 cases with type III, 3 cases of type IV and unclassified 4 cases according to Sisson's classification) and the retrospective analysis of results were as follows: 1) Average duration of stomal recurrence was $8.2{\pm}4.35$ months after cessation of primary treatment. 2) The overall incidence of stomal recurrence was 7.6%. 3) The suggested etiology in the pathogenesis of stomal recurrence could be inadequate surgical margin, delayed laryngectomy after initial tracheostomy and improper management of metastatic nodes. 4) Mean survival time was $7.3{\pm}5.61$ months and one case with type I underwent surgical salvage is still alive out of 7 cases with chemotherapy and radiotherapy and 5 cases with surgical salvage and adjacent therapy. In summary, aggressive surgical resection should be recommended in cases with high risks of stomal recurrence.

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A Study of the Development of Green Camp Evaluation Index based on the CIPP Model (CIPP 모형을 활용한 그린캠프 평가지표 연구)

  • Park, Chan Hee
    • The Journal of the Korea Contents Association
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    • v.20 no.3
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    • pp.491-505
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    • 2020
  • The purpose of this study is to develop an evaluation index that can assess the Army training program of Green Camp. The result of the evaluation index phased-developed with the CIPP model is summarized below. First, the literature review with documents relevant to program evaluation, Green Camp field research, and expert discussions were used to select factors considered for evaluation and develop a preliminary evaluation area and item for the four areas within the CIPP evaluation model. Second, an initial survey targeting Green Camp and soldiers in the Capital Defense Command examined the preliminary reliability·validity, and the Focused Group discussions were used to supplement the evaluation index. Third, secondary surveys were conducted in four battalions in Gangwon-do and third surveys targeted officers from twelve different corps and personnels related to the Green Camp which verified descriptive statistics analysis, exploratory factor analysis, and correlation analysis in version SPSS 24. Fourth, with the validation verification procedure, 16 evaluation area and 36 evaluation index was confirmed. Fifth, the 36 evaluation index developed was subdivided into 57 indexes and the Delphi method was applied through the policy expert to formulate 43 generalized indexes. The significance of this phased research approach was considered for the institutionalization of the usage of scientific evaluation(index) and development in policy process.

A Study on Economic Analysis of Dug-well Irrigation Development in Newasa Block, Maharashtra State, India (인도(印度) NEWASA지역(地域)의 집수정(集水井) 관개개발(灌漑開發)의 경제분석(經濟分析)에 관(關)한 연구(硏究))

  • Lim, Jae Hwan;Raju, K.N.
    • Korean Journal of Agricultural Science
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    • v.12 no.1
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    • pp.139-152
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    • 1985
  • 본 NEWASA 지역의 접수관정관개 개발에 따른 정제성분석 연구는 IBRD-EDI와 INDIA RESERVE BANK의 College of Banking이 공동주최한 Trainers Trining for Rural Finance (1985. 1.19-3.1)의 일환으로 1985. 2. 14-19 까지 NEWASA BLOCK에 대한 정수정관개의 경제적 효율성을 평가하기 위하여 농가조사를 실시하였고, 그 분석결과를 정리한 것으로 농지는 넓으나 농업용수가 부족한 본 지역은 빈곤과 저생산성 농촌잠재 실업을 특징으로 하고 있다. 농촌소득의 제고와 농촌실업의 고용확대는 전 인구의 80% 이상이 농민인 본지역뿐만 아니라 선언도 경제개발의 중심과제이다. 호당 6 acres 규모의 관개가 가능한 Dug-well Irrigation Development는 연평균 강우량이 650m/m에 불과한 인도의 Plateau 지역에서는 농촌빈곤과 실업문제의 해결, 토지 이용율제고를 통한 토지생산성 향상등 농촌경제개발의 중심과제로서 인도정부가 추진하는 핵심적인 농업정책이다. 본 지역의 농가호당 평균 소유농지연적은 8.67 acres(3.5ha)로써 모두가 Rainfed farming으로 현재 본 지역의 관개율은 17.5%에 불과하다. 농작물은 Jowar라고 하는 내한성 작물이 재배되며, 관개 조건하에서는 Jowar, Wheat, Sugarcane이 재배된다. With and Without Dug-Well Irrigation 조건하에서 각 작물별 ha당 생산성을 보면 Jowar는 0.86 ton/ha에서 2.22 ton/ha으로 증산되고 Wheat는 2.96 ton/ha, Sugarcane는 98.8 ton/ha이 생산된다. 한편 Dug-well Irrigation 전후의 농가소득의 변화를 보면 시행전의 4,275Rs가 되어 4배의 농가소득이 증가된다. 이와 같은 농업소득을 획득하기 위해서는 Dug-well에 대한 Initial Investment로서 33,400Rs(2,137,600원)이 투자되어야 하는데 종류별 융자 기간을 보면 Dug-well 15년(95%융자) Pump Set 9년(95%융자), Woriking capital 1년이며 인도의 Union Bank에서 융자하고 있다. 결론적으로 이러한 Dug-well Irrigation Development에 따른 IRR는 Before Financing시에는 29%이며 After Financing 시에는 24%이고 B/C ratio는 두경우에 있어 1.89, 1.24를 각각 나타냈다. 따라서, 본 사업은 재무적인 측면 즉 농가소득증대와 농촌고용증대 및 토지이용면에서 타당성이 크며 Dug-well Irrigation은 인도의 농업성장 및 경제개발의 관건으로 생각된다. 한국의 수리개발 기술 및 농업기술(Bio-chemical, Mechanical & Hydrological Technology)이 이전된다면 보다 괄목할 만한 농업발전이 이룩될 것을 생각된다.

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