• Title/Summary/Keyword: Korean Economy

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The Globalization of Korean Economy and its Impact on Small and Medium-Sized Entrepreneurial Firms from 1998 to 2007 (한국 경제의 세계화가 벤처기업들에 미치는 영향에 관한 탐색적 연구: 1997년 외환위기 이후와 2008년 금융위기 이전의 기간을 중심으로)

  • Lee, Jae-Eun;Park, Jung-Min;Choe, Soonkyoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.8 no.3
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    • pp.17-26
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    • 2013
  • This research examines the effect of globalization of Korean economy on small and medium-sized entrepreneurial firms. When Korea underwent the Asian economic crisis in 1997, it reconstructed Korean venture industry and had helped fuel venture firms' rapid growth. Therefore, this study shows the changed structure of Korean economy and the change of venture ecosystem due to the Asian financial crisis. In spite of a favorable turn of the industrial structure toward venture firms, their globalization level is reported still being low. In this study, we also examine how the Korean economy's globalization affects to the venture environments, focusing on the degree of Korea venture's globalization and role of venture capital. This study indicates that the globalization of Korean economy has played a positive role in the growth of the venture firms. However, with the growth of venture firms, small and medium venture companies have received relatively little focuses in Korean economy because the government policy of economic development has been oriented to large companies for several decades.

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Effect of the Power Steering System Driving Torque on Vehicle Fuel Economy in a Passenger Car (Power Steering System의 구동력이 차량 모드주행연비에 미치는 영향)

  • Kim Namkyun;Han Changho;Kim Wooseok;Lee Jonghwa;Park Jinil;Park Kyungseok
    • Transactions of the Korean Society of Automotive Engineers
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    • v.14 no.1
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    • pp.60-67
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    • 2006
  • To improve the vehicle fuel economy, various technologies have been studied. Meanwhile it deteriorates fuel economy that the increased driving torque for Power Steering System (PSS) due to weighted vehicle and widened tire for low speed driving and parking. So the larger driving torque for PSS is, the lower fuel economy is. Therefore, the study about the effect of the driving torque for PSS and the engine total friction must be preceded to improve the vehicle fuel economy. In this study, a PSS module separated from the vehicle is used to measure the driving torque for PSS with respect to the pressure of PSS. The result shows that the driving torque for PSS was in direct proportion to the pressure of PSS 3 (N-m) driving torque for PSS vs. 10 (bar) pressure of PSS, and 8 (N-m) vs. 40 (bar). In addition, the driving torque and pressure for PSS was measured according to the engine speed in the component test condition which was in the vehicle condition. Measuring the driving torque for PSP in the vehicle condition was established by using the VeFAS which was a fuel economy analyzer developed in our lab and installing PSS By-pass line. The effect of the driving torque for PSS on the vehicle fuel economy was analyzed with FTP-75 cold start mode.

Analysis of Fuel Economy for Series Plug-in Hybrid Electric Bus according to Engine Operation Strategy Based on Simulation (직렬형 플러그인 하이브리드 전기 버스의 엔진 구동 전략에 따른 시뮬레이션 기반 연비 분석)

  • Kim, Jinseong;Lee, Chibum;Park, Yeong-Il
    • Transactions of the Korean Society of Automotive Engineers
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    • v.22 no.5
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    • pp.102-107
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    • 2014
  • Because of high oil prices and emission gas problems, many governments tighten regulation of fuel economy and emission gas. For Passenger car, there are many researches for plug-in hybrid electric vehicles and they are being manufactured. On the other hand, there are few researches for plug-in hybrid electric bus that is heavy commercial vehicle. In this study, analysis of fuel economy for series plug-in hybrid electric bus according to engine operation strategy based on simulation is conducted. Forward simulator is developed using Autonomie. Engine operation strategies consist on constant engine operation strategy and engine on/off operation strategy. Considering the engine operation strategy, results of vehicle speed, engine operating points and fuel economy are obtained and analyzed. As a result, engine on/off operation strategy has more advantage than constant engine operation strategy in terms of fuel economy.

Analysis of Community Health Status and Related Factors Using Community Health and Social Indicators (지역사회 보건사회지표를 이용한 지역사회 건강수준 관련 요인 분석)

  • Park, Eun-Ok
    • Research in Community and Public Health Nursing
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    • v.19 no.1
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    • pp.13-26
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    • 2008
  • Purpose: The purpose of this paper was to investigate community health status and related factors using community health and social indicators. Method: Data sources were reviewed and data for 10 categories, 75 indicators were collected. Community health status and health-related factors were categorized, and the means and standard deviation of individual indicators were obtained and standardized scores were calculated. In addition, through factor analysis of individual indicators by category using the scores and using the resultant factor coefficients as weights, indexes were calculated by area. Correlation and regression were analyzed. Result: Each indicator was highly correlated with each index, and the indexes were highly correlated with one another. Correlation coefficients were above 0.8 between community health index and population, education, housing, and economy, between population and education, housing and economy, between education and housing and economy, and between housing and economy, environment and industry. But multicollinearity was not found in the result. Significant factors on community health index were population, health personnel and facilities, education, housing and economy, and R-square were 92.4%. Conclusion: Health determinants such as population, health personnel and facilities, education, housing and economy could be influencing factors on community health in community level. These results showed the importance of intersectoral collaboration within a local government. Overall community health can be enhanced by intersectoral collaboration.

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Agglomeration (Dis-) Economies and Regional Economic Growth as a Spatial Economy (집적 (불)경제와 공간경제로서의 지역 경제 성장)

  • 김홍배;박재룡
    • Journal of the Korean Regional Science Association
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    • v.13 no.2
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    • pp.45-54
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    • 1997
  • A regional economy is characterized as a spatial economy. However the literature shows that it has been treated as a point economy since space is little recognized in regional modeling due to mathematical complication. This leads to the fact that regional model does not sufficiently represent regional characteristic. This paper attempts to construct a regional growth model in a partial equilibrium framework specifically taking into consideration land as a primary factor. The model is formulated largely neoclassical. Labor is assumed to move in response to differences in the wage rate, while capital is perfectly mobile across regions. The paper shows that two growth equilibrium points exist, one stable equilibrium point and the other unstable equilibrium point. The unstable growth equilibrium indicates the existence of minimum threshold that a region must overcome the minimum threshold to grow constantly. Consequently, directions of regional growth are characterized by two growth paths depending on the initial condition of a region. That is to say, a region below the minimum threshold is converging toward the lower stable equilibrium point over time. When a regional economy initially lies above the minimum threshold, it will grow forever. A regional economy is not thus necessarily converging a stationary is not thus necessarily converging a stationary equilibrium point through factor movement. Finally, the impacts of the presence of agglomeration economies and diseconomies are analyzed through the phase diagram. The paper also shows that agglomeration economies result in lowering the minimum threshold and in escalating the level of stable equilibrium However, when agglomeration diseconomies prevail, the results are opposite, i.e., rising the minimum threshold of growth and lowering the growth level of stable equilibrium.

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Economies of Scale in Multiproduct Firms;Evidence from Air Transport Industry (항공운송산업의 비용분석을 통한 규모의 경제성 추정;초월대수(Translog)비용함수와 푸리에(Fourier) 신축함수 비교 분석을 중심으로)

  • Kim, Je-Chul;Huh, Seok-Min;Lee, Dong-Hui;Lee, Young-Soo
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.14 no.4
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    • pp.38-47
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    • 2006
  • This study analyzes the expense structure of the air transport industry, based on the cost and income data of 18 major airlines, estimates the economic effectiveness of scale and conducts comparative analysis. As for the method of analysis, Translog cost function and the Fourier flexible function were used. The result showed that big companies had the economy of scale based on the Translog cost function, while the Fourier flexible function led to a estimation that expanding the input is not recommended, for the expansion of scale entails the poor economy of scale. It can be presumed that the economy of scale was estimated according to the U shape of the Translog cost function in the given data. On the other hand, the Fourier flexible cost function approaches the unknown function, as it is a Fourier series, and correctly infers the economy of scale based on the analyzed data. As for the flag carrier's economy of scale, it was inferred that the economy of scale existed by any of two functions. Therefore, the conclusion was that further expanding the scale will not cause any problem.

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Optimization of the Parallel Diesel Hybrid Vehicle (병렬형 디젤 하이브리드 전기 자동차 최적화)

  • Yeom, Ki-Tae;Yang, Jae-Sik;Bae, Choong-Sik;Kim, Hyun-Ok
    • Transactions of the Korean Society of Automotive Engineers
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    • v.16 no.6
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    • pp.26-32
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    • 2008
  • This research presents a simulation for the fuel economy of parallel diesel hybrid vehicle. Diesel engines compared to gasoline engines have the advantages of higher fuel economy and lower $CO_2$ emission. One of the most ways to meet future fuel economy and emissions regulation is to combine diesel engine technology with a hybrid electric vehicle. The simulation of HEV is growing need for rapid analysis of the many configurations and component options. WAVE, a one-dimensional engine analysis tool, was used to a 2.7L diesel engine. ADVISOR, designed for rapid analysis of the performance and fuel economy of vehicle models, was used to conventional and hybrid electric vehicle by the use of output file from WAVE as the input engine data file for ADVISOR. A parallel diesel HEV is at least $19.7{\sim}36%$ higher fuel economy and improved acceleration ability compared to a conventional diesel vehicle. The energy loss of the parallel diesel HEV is $23{\sim}38%$ less than the conventional vehicle using regeneration.

A Study on the Impact of Fuel Economy as Tactive Resistance Calculation Methods on HD Chassis Dynamometer for Medium-heavy Duty Vehicle (주행저항 산출방법이 차대동력계를 이용한 중대형 차량의 연비평가 결과에 미치는 영향에 관한 연구)

  • Lee, Iksung;Seo, Dongchoon;Kim, Soohyung;Ko, Sangchul;Chun, Youngwoon;Cho, Sanghyun
    • Transactions of the Korean Society of Automotive Engineers
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    • v.23 no.3
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    • pp.307-314
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    • 2015
  • The purpose of this study is know the fuel economy of difference tractive resistance calculation methods on light duty low-floor bus. Two tractive resistance calculation methods(coastdown test and JFCM conversion formula) are tested to understand the difference of fuel economy. JFCM was developed for fuel economy regulations of heavy duty vehicle. That show a big difference as a result of the calculation using coastdown test and JFCM conversion formula. The difference of the tractive resistance affects the fuel economy.

Strategic Characteristics of Technologization for Circular Fashion System (순환 패션 시스템을 위한 테크놀로지제이션의 전략적 특성)

  • Mikyung Kim;Eunhyuk Yim
    • Journal of the Korean Society of Clothing and Textiles
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    • v.46 no.6
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    • pp.1039-1057
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    • 2022
  • The fashion system has been criticized for relying on a linear economy to reduce short-term costs and increase profits. Meanwhile, the circular economy strives to expand the value chain through a closed loop for companies, society, and the environment by separating consumption from resources. This study aims to elucidate the strategic characteristics of the technological measures that fashion companies and brands are trying to innovate into a sustainable fashion system on the basis of the circular economy concept. Thus, we conducted case studies by dividing the value chain of the fashion system into design, production, and consumption to identify the technological development of the circular fashion system from a technologization perspective that incorporates technological values. First, design appeared to strengthen emotional durability, design and process with circulation in mind, and fashion product digitalization. Second, production manifested itself as material development for the new fiber economy, improvement of non-environmental processes, and customization of demand-driven, responsive production. Third, consumption was the spread of the environmental consumption culture through the sharing economy platform, the realization of a virtual wearing experience to prevent rapid disposal, and the provision of information on sustainable consumption.

An Empirical Study on the Supply Chain Collaboration of Social Economy Organizations and Performance (사회적경제 조직의 공급망 협력과 성과)

  • Park, Sangsun;Park, Jiho;Lee, Joonkyum
    • Korean small business review
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    • v.42 no.4
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    • pp.213-234
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    • 2020
  • This study investigates the impact of supply chain collaboration on performance in social economy in Korea. Collaboration is an effective method to overcome the disadvantages of newness and smallness of domestic social economy organizations. Nevertheless, most research on social economy examined conceptual relationship between collaboration and performance. Hence, this study focuses on empirically demonstrating the relationship between supply chain collaboration and performance in social economy. We identify two steps of supply chain collaboration structure, i.e., collaboration culture and collaboration implementation, and establish a research model to analyze the impact of collaboration of social economy organization on performance. Based on responses to a survey of 99 social economy organizations, we test the hypotheses in the theoretical model using PLS structural equation modeling. The result shows that both the effect of collaboration culture on collaboration implementation and the effect of collaboration implementation on performance are significant. This study contributes to the social economy literature by empirically investigating the impact of collaboration in social economy organizations on performance based on supply chain theories, and by expanding the application scope of supply chain theories to social economy organizations.