• Title/Summary/Keyword: Korean Construction Firms

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Learning & Growth Performance, Financial Performance, and General Performance (조직의 인적자원 학습 및 성장성과, 재무적 성과와 경영성과 간의 관계에 관한 연구)

  • Jang, Chung-Seok
    • Korean Business Review
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    • v.21 no.2
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    • pp.111-136
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    • 2008
  • The central purpose of this study is to examine the relationships among learning and growth perspective, internal business process perspective, custom perspective, financial perspective, and general performance. To achieve this purpose, this study uses Kaplan and Norton's(1996) Balanced Scorecard Model theory. A field survey was undertaken through questionnaire sampling a population of construction companies. The data was collected from 185 firms in Korea for the analysis. The major findings of this study can be summarized as follows; Theoretical consideration and empirical study indicate statistically significant relationship(F=7.68, p=0.000). Especially, Financial perspective appeared to mediate the relationship between non-financial perspectives and general performance. It concludes that Non-financial perspectives significant affect the financial perspective and general performance. But, there are several limitations and directions for future research that should be noted. The potential limitation of this study concerns sampling and for selection process. Future research needs to reduce potential bias by collecting data which allows multiple industries for a subset of the sample.

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The apartments model house bathroom chatacteristics of plane composition classified by 'pyeong' on Seoul (서울지역 아파트 모델하우스 욕실의 평형대별 평면구성)

  • Chung, Hoe-Jin;Shin, Kyung-Joo
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 2004.05a
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    • pp.123-126
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    • 2004
  • This study aims to identify the change of bathroom design characteristics through the investigation of bathroom space in apartment model houses. The bathroom space of each private exclusive area was analyzed from the plane characteristics perspective such as quantity, location, size and shape. For this study, site survey and observation was performed to analyze the characteristics of plane and design based on twenty seven model houses of seven large-sized construction firms with Seoul area focused on. Research object was restricted to from ten Pyeong's apartment to sixty Pyeong's in order to understand various characteristics of twenty seven model houses. Since analysis variables were not diverse, the main three factors - frequency, percentage and an average - were represented in Microsoft Excel worksheet, focusing on the quantity of each case, design characteristics and pattern. 1) The quantity of bathrooms: It was turned out that the quantity of bathroom was one in ten Pyeong's apartment while it was two in thirty, forty, and fifty Pyeong's apartment. There were mostly two bathrooms available in twenty Pyeong's apartment even if only one was planned in few cases. All powder rooms and dress rooms in twenty and fifty Pyeong's apartment were designed to be separated and be accessible through bedroom. 2) The size of bathrooms: As private exclusive area increased, the size of bathroom for both family and couple increased. Couple bathrooms had the tendency to be equipped with shower booth and bathtub at the same place or have more tubs than family bathrooms because couple bathrooms were bigger than family bathrooms. 3) The location of bathrooms: Couple bathrooms were usually located beyond dress rooms or powder rooms while family bathrooms were mostly located at the entrance side. 4) The shape of bathrooms: Shower booth was assumed to be in general vogue because family bathrooms, for the most part, were comprised of a flush toilet, a washstand and a shower booth. In the case of couple bathrooms, a flush toilet, a washstand, a shower booth and a tub were generally equipped in more than twenty Pyeong's apartments while a tub was not installed in twenty Pyeong's apartments.

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Analysis of the Characteristics of Smart Platforms by Type of Community Participation (커뮤니티 참여 유형별 스마트 플랫폼 특성 분석)

  • Kwang-Woo, NAM;Erlando, Sulistia
    • Journal of the Korean Association of Geographic Information Studies
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    • v.25 no.4
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    • pp.119-135
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    • 2022
  • Digital platforms play crucial roles in terms of enabling and sustaining online communities. However, who really benefits from digital platform development, and what are the benefits digital platforms provide for the development of smart communities. This paper explores this question, the goal was to understand the links between digital platforms and smart communities, using the clustering methodology process to have a better understanding of characteristic of each digital platform, Twenty nine digital platforms is clustered and used as a study case. This paper explores how the categorization of digital platform characteristics encourages participation by a smart community, thus improving information and service delivery. On another side, the rise of digital platforms brings new challenges for policy maker to foster a smart community and firms the digital platform also offer benefits to giving effective and efficient service.

Changes of Internal Labor Market in Firms and Incentives for Investment in Human Resource Developments (기업 내부노동시장 변화와 인적자원개발 투자 유인)

  • Bai, Jin Han
    • Journal of Labour Economics
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    • v.41 no.1
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    • pp.83-124
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    • 2018
  • In this study, with the data of Human Capital Corporate Panel(HCCP) we find that the explaining power of the new hiring rate of experienced regular workers is very strong and statistically significant as a main causal factor to the decreasing trend of investment on education and training for workers in corporates, which means a sign of weakening of the internal labor market. Possibility of wage penalty from switching jobs has been weakened considerably too. The effective alternative policy measures to the weakening or laxity of the internal labor markets and whereby followed reduction in investment on education and training for workers in corporates are construction of social system outside of individual corporates to upbring field-tailored manpower of high quality for young generations and small and medium sized enterprises.

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Synergies between Digital Models and Physical Models in Convergence Design - Case Studies using Projects of Architectural Firms and Educational Environments - (건축설계에서 융합설계를 위한 디지털 모델과 물리 모델의 역할과 상호보완성 - 건축설계 회사와 교육환경의 사례를 중심으로 -)

  • Kim, Do-Young
    • Journal of KIBIM
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    • v.9 no.2
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    • pp.29-44
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    • 2019
  • This paper is to explore examples of complementary use of digital and physical models. The reason for this is to suggest a method for commercializing architectural design considering high technology. These cases are the practical and educational environment in which design processes based on digital computation technology are performed. Also, in this environment, analog design media (eg, physical models) still being used in the design process using digital computing. Indeed, in this environment, designers are exploiting digital and physical models to address the types of risks that can be discovered when designs are implemented and these risks. By analyzing these cases, we define the roles of digital and physical models to visualize and resolve risks. This paper focuses on one of method as "prototyping", which is used in the field of machinery and is a difficult method to carry out in the conventional design process. In particular, designers look for benefits that encourage designers in utilizing current digital computation technologies (eg, parametric design, simulation, building information models, and digital fabrication). Among the roles of the physical model, roles that can not be replaced by the digital model are explored. It is clear that this case-based study has difficulty in generalizing the design method. However, it helps the designers of today's practical and educational environment to verify and design the actual details of construction and operation when applying and developing unfamiliar materials and methods in the field of architecture.

An Empirical Analysis of Corporate Performance According to Existence and Types of Venture Capital (벤처캐피탈 투자기업의 성과에 관한 연구: 코스닥 IPO 기업을 중심으로)

  • Lee, Kwang Yong;Shin, Hyun-Han;Kim, So Yeon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.14 no.2
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    • pp.15-30
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    • 2019
  • This study investigates the effects of venture capital investment and corporate venture capital investment on the performance of IPOs listed on KOSDAQ between 2000 and 2014. We classified venture firms with venture capital-backed companies and non-venture capital-backed companies, having the former of which further divided into corporate venture capital-backed companies and independent venture capital-backed companies. The time window of the analysis was set to between 2 years before and 3 years after IPO. Main results of this study reveal that there is little difference between venture capital-backed companies and non-venture capital-backed companies in terms of profitability before and after going public. However, we found out that after IPO venture capital-backed companies display higher ROA than independent venture capital-backed companies or non-venture capital-backed companies, suggesting that corporate venture capital-backed companies might be more advantageous in growing a venture capital ecosystem in Korea.

A Study on the Establishment of Rule-Based Modules for Automating the Design of Interior Finishes in Architectural Buildings (건축 내부 마감 자동 상세화를 위한 규칙 기반 모듈 구축 방안에 관한 연구 - 바닥, 벽 및 천장을 중심으로 -)

  • Ha, Dae-Mok;Yu, Young-Su;Koo, Bon-Sang
    • Journal of KIBIM
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    • v.12 no.1
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    • pp.42-54
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    • 2022
  • BIM facilitates data transparency and consistency through three-dimensional parametric modeling and promotes the accurate managing and sharing of project information. In Korea, however, BIM-based detailed design of architectural interior finishes required during the Construction Documents phase increases the burden on architectural firms due to frequent design changes and manual workload. Therefore, the purpose of this study was to establish rule-based modules using parametric modeling that automates repetitive tasks that occur during the detailed design of interior finishing. Interviews with practitioners were conducted to analyze the major finishing elements. Of these floors, walls, and ceilings, which were the most rudimentary and common items, were selected as the subjects of the study. The modules developed in this study have two functions. One is to create new finish types, and the other is the automatic modeling of new types into rooms. For these functions, parameters that belonged to each finish and room element in a BIM model were analyzed and valid parameters directly used for parametric modeling were derived. Then, based on these parameters, rule-based modules for three elements, I.e., floors, walls, and ceilings were constructed with Revit Dynamo, and the effectiveness of the modules was verified with a pilot test. In conclusion, this study suggested a series of processes for automatic finishing to improve the efficiency of BIM-based architectural detailed design of finishes and to contribute in solving the chronic problems occuring during current design processes.

Evaluation of the Construction Plan of Gyeongbuk Cultural Content Promotion Center (경북문화콘텐츠지원센터 설립계획의 평가와 정책대안)

  • Lee, Chul-Woo;Choi, Jeong-Su
    • Journal of the Korean association of regional geographers
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    • v.14 no.5
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    • pp.536-552
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    • 2008
  • In Korea, a variety of policies for the regional cultural industry development have been carried out: the promotion policy of cultural industry cluster, the establishment of cultural industry support center, and the construction of cultural industry complex and the supporting works for the cultural research center. The cultural industry has a dual character of the manufacturing industry and the service industry. The cultural industry of Gyeongbuk province is mostly centered upon small manufacturing firms with low value-added. Thus, it is desperately in need of the building-up of the enterprise supporting system. However, it is difficult to expect that private business service finns can be activated. In this sense, local and regional governments seek to establish so called 'the cultural contents support center'. However, it is not clear whether the center is an organization for the production of cultural contents or an agency for the support of cultural contents industry. Also it does not prepare any major functional introduction facilities and performing programs. Most of all, it is necessary to establish a proper orientation that 'the cultural contents support center' must be not an organization for the direct production of cultural contents, but an organization supporting cultural industry by way of providing cultural industry enterprises with what is necessary for the production of cultural contents. Also, a system for the establishment of business fitting support policy that can cover the whole sectors of cultural industry must be prepared. Furthermore, a synthetic support system for the cultural business associated industries centered on specified sectors such as films, edutainment, and storytelling must be constructed. Finally an environment for the creation and inducement of cultural industry enterprises, and for the active participation of enterprises and related groups in the promotion planning and in the policies of cultural industry must be built along with on- and off-line networks.

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A Study on the Effect of the Thematic Audit Review on Conservative Accounting of Unbilled Revenue (테마감리가 미청구공사의 보수적 회계처리에 미치는 영향에 관한 연구)

  • Park, Yeon Ho;Um, Jae Yeon;Jeon, Seong Il
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.2
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    • pp.177-188
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    • 2021
  • On December 2015, Financial Supervisory Service(FSS) announced the four key thematic audit review areas, one of them is an appropriation of unbilled revenue. Accounting of unbilled revenue is intertwined with a percentage of completion, that is concerned about discretionary decision by manager. Therefore, if manager motivated by income-increasing manipulation is exaggerating percentage of completion, unbilled revenue is excessively recognized. This problem is caused the serious accounting issues(e.g., shock at a loss for 2013 fiscal year by some construction firms, malpractice of accounting in order-made production industry). Distrust of accounting was grown because the shipbuilding and construction industries successively went poor management and bad accounting of them is revealed. Those accounting issues were the trigger for problem recognition of unbilled revenue, they were background for the designation of appropriation unbilled revenue as thematic audit review areas by FSS. Therefore, this study verified effectiveness of thematic audit review by empirically analyzing whether designation of thematic audit review makes the firm increases conservative behavior. Conservative accounting is estimated by using Basu(1997) model. We analyzed the effect of the thematic audit review on conservative accounting of unbilled revenue by comparing with reflecting unbilled revenue or not. The sample for test consists of firm-years the manufacturing and construction industries from 2012 to 2017. The test results of this study suggested that the conservative accounting of unbilled revenue after designation of the thematic audit review was significantly increased. We also tested again by classifying whether or not it is construction industry. We found that construction industry is more conservative than the other industry only for the designated year of the thematic audit review, otherwise there was not any evidence for significantly increasing conservatism. This study contributes to the literature by empirically analysing relationship of the unbilled revenue to the thematic audit review from the perspective of the conservatism and verifying effectiveness of the thematic audit review.

Carbon Emission Study of Transplanting Large Trees from Gangwon Province to Seoul (강원지역 대형 조경수 서울 이식에 따른 탄소 배출 연구)

  • Choi, Yoo;Ahn, Tong-Mahn;Lee, Jae-Won
    • Journal of the Korean Institute of Landscape Architecture
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    • v.41 no.4
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    • pp.10-16
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    • 2013
  • Korean housing developers are in a very competitive market and their way of attracting buyers is landscaping better than competing firms do. Thus, transplanting larger pine trees(Pinus densiflora S. et. Z.) is in vogue. A typical case is a pine tree about 30-year old, 35 diameters at breast height, transplanted 223 km afar from the Gangwon Province to Seoul. We estimated and compared carbon emissions during the whole transplanting works, and carbon intake by the tree if it survives 50 more years on site. Findings are; first, a large tree will take up and sequestrate approximately 90 kgC if it survives 50 more years. Second, transplanting works emit approximately 113.69 kgC, which is about 1.26 times of its possible future intake of carbon. Landscaping is a legal requirement for the purposes not only of aesthetics but also of environmental quality. Transplanting larger trees that came from a dam or a road building site may be inevitable and acceptable. However, transplanting larger trees long distance was evaluated to be harmful to the environment. It is strongly recommended to prohibit transplanting large trees. Landscape professionals need to guide clients to have desirable consumer attitude.