• Economic and Environmental Geology
• /
• v.54 no.5
• /
• pp.573-580
• /
• 2021

This study analyzed the induced effects of the aggregate and stone sectors using the industry association table. First, the added value of the aggregate and stone sectors was summarized, and then the intermediate input structure and induced effect were analyzed. In terms of value-added structure, aggregate and stone showed a higher employee remuneration rate compared to the manufacturing industry, and a higher rate of operating surplus compared to other mining industries. The intermediate input structure summarizes the sector using aggregate and stone products as intermediate inputs and their input ratio. The proportion of the intermediate element input structure was confirmed. In addition, the main input sectors of ready-mixed concrete, the largest consumer of aggregate and stone, are also summarized. The production-inducing effect of aggregate and stone showed a higher influence coefficient than the sensitivity coefficient, confirming that they had a relatively large rear chain effect. The production inducement effect was reviewed by reconstructing the industry association table, and it was found to show a relative superiority in the influence coefficient, similar to the results derived according to the provisional classification of the Bank of Korea.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.55
• /
• pp.265-290
• /
• 2012

CEPA (Comprehensive Economic Partnership Agreement) between India and Korea may vitalize Korean economy more and more. Currently most of Korean firms have entered into manufacturing industries like electronics and automobiles. But only a few Korean companies are trying to penetrate into Indian green industry so this paper suggest how to enter into Indian green industry, especially renewable energy sectors. First, Exporting main shaft, tower-flange and polysilicon products can be considered, as a first step of entry mode. Second, entry mode based on contract like technology licensing, strategic alliance and joint venture establishment can be also one of options. For example, Korean solar energy industry which show more competitiveness than that of Indians should try to make technological licensing on PV modules. In addition to this, they should also try to make joint ventures with right Indian partners and build up 'Solar City' nearby regions like Gurgaon in India where many Korean firms are located. Korean shipbuilding firms like Hyundai Engineering which keep on developing wind turbo engines can also try to make strategic alliance with Indian firms like Suzlon which has strong competitiveness. After that, they should explore Korean and Indian wind sector markets together. Third, brownfield investment can be last and final option as a entry mode as we consider the peculiar characteristics of renewable energy industry. Lastly, Korean government which are rush to indulge into green business should formulate more proper and realistic policies to give big incentives the concerned firms which are trying to open international green market so government should make Korean green firms not to lose good market opportunities related to green industry like renewable energy sectors. Renewable energy sectors are basically regarded as infrastructures so close contact to Indian central government as well as state government will be also required.

• Journal of Korea Port Economic Association
• /
• v.35 no.2
• /
• pp.61-76
• /
• 2019

The purpose of this study is to use the EGARCH model and Granger causality test to analyze how the change in the BDI affects the Korean stock price volatility. The main analysis results are summarized as follows. First, according to the results of the mean equation, the change in the BDI is significant in large-cap stocks, as well as in the manufacturing, service, and chemistry indexes, but not in others. This implies that the Korean stock market does not respond appropriately to the maritime market situation; further, the increase in demand for raw materials has not led to a real economic recovery. Second, in the result of the variance equation, the coefficient on the change in the BDI is negative(-), and the change in the BDI is significant for all size indexes. Particularly, the change in the BDI has a greater impact on the volatility of small-cap stocks than that of large-cap stocks. The results of the analysis of the sector indexes were statistically significant for the service, financial, construction, and electric and electronics industries, but not for the manufacturing and chemical industries. In particular, the changes in the BDI have the greatest impact on the construction industry. Third, according to the Granger causality test results, the change in the BDI leads the financial industry and construction industry. There is, however, no relationship between the BDI and the other indexes. This shows that change in the shipping freight index can be used to predict the volatility in the Korean stock market. This can help investors and policymakers make better decisions.

• Knowledge Management Research
• /
• v.18 no.3
• /
• pp.1-35
• /
• 2017

This study conducted comparative study on autonomous car's industry policy and corporate strategy of US, China, Germany, Japan and Korea. By analyzing core technologies and industry paradigm shifts of autonomous car industry, I was able to figure out autonomous car has high potential to be dominant transportation in the future and it is important to construct core competency in technology area. The meaningful findings by analyzing various primary and secondary data are as followings: First, in case of US, Google was leading autonomous car industry by developing its own OS and Platform. US government has been actively supporting and interacting with private firms and Universities for stimulating industry/technology convergence and establishing standard. Second, in case of Germany, autonomous car development was leading by several auto makers such as Mercedes, BMW in Hardware and manufacturing area, and German government was focusing on deregulations for private company. Third, in case of Japan which quite similar with German situation, they were both independently developing technology and expanding alliances with MNCs. And Japanese government was supporting triple helix system construction between local companies and universities. Fourth, in case of China, autonomous car industry was leading by IT companies, and various cooperations between IT companies and automakers were established. Chinese government was regulating foreign companies and supporting domestic companies both in market and technologies Last, in Korean case, the active and extensive alliances were lacking in Korean companies while strategic and strong government supports were missing in public sector. For competing with other countries and players, more active collaboration between different countries and strong policy supports are needed in Korean auto industry.

• Asia Marketing Journal
• /
• v.14 no.4
• /
• pp.23-33
• /
• 2013

This case focuses on WE CAN Cookies, a social enterprise in South Korea that was founded in 2001 with the support of the Korean Roman Catholic Church. WE CAN Cookies specializes in the making of high quality organic cookies. As a nonprofit organization that uses a labor force of mostly mentally disabled workers, the company faces many challenges that normal companies do not experience. The company had to initially overcome the social prejudice that the handicapped cannot make good cookies. Despite the religious background and social agenda of the company, it started making inroads as a cookie-making business only after its managers, including the nuns who run it began adopting modern management philosophies and practices. The WE CAN Cookies case illustrates three main marketing-related concepts: One, WE CAN Cookies is a good example of how social enterprises face a broader spectrum of challenges when compared to conventional profit-seeking enterprises. Two, WE CAN Cookies demonstrates that social enterprises need flexibility in formulating their business strategies. Even though WE CAN Cookies is subject to many constraints, as a social enterprise it can also take advantage of new opportunities for obtaining support from the government and from the private sector. Three, WE CAN Cookies shows that these types of operations need to create greater balance in their social and business competencies to ensure the long term viability. Social enterprises are certified by governments with the stated goal of improving the lives and the wellbeing of special interest group. As important as achieving these objectives are, social enterprises also must additionally be able to build their operational capabilities not only in manufacturing but also in functions such as marketing.

• Journal of the Korean Regional Science Association
• /
• v.31 no.1
• /
• pp.43-63
• /
• 2015

This study empirically analyzes the relationship between market structure and R&D activities. Especially, the outcome of R&D activities could be imitated or plagiarized by nearby competitors before it is protected legally through patenting, it would work as a club good and its market structure need to be defined at the geographic level of city, county or ward rather than the whole nation. According to the regression results of this study using Survey on Technology Statistics of Small- and Medium-Sized Firms, individual firms' R&D investment is more active when market structure of area(city, county, or ward)-industry(two-digit industry) is monopolistic or oligopolistic rather than competitive. However, as the variable representing market structure is redefined over a geographic scope of 16 metropolitan areas or provinces, 6 regions, or the whole nation, the relationship between market structure and R&D activities seems to become weak. Moreover, when the R&D expenditure is divided by its source, more active R&D spending in a less competitive market is observed as long as it is procured by internal fund of the firm in question.

• Journal of the Korean Regional Science Association
• /
• v.31 no.1
• /
• pp.3-20
• /
• 2015

The objective of this study is to identify the applicability of urban network theory. The degree of network and city size of 163 Si-Guns in Korea are used to perform an empirical analysis for 2005 and 2010. The result indicates that the effect of city size (based on central place theory) is still larger than the network effect (based on urban network theory). However, the effects are different according to the industrial types. The size-based effectis more efficient in manufacturing sector, whereas the network-based effect is more efficient in service industry. The trend from 2005 to 2010 indicates that there is an increasing pattern in network-based effect and decreasing patternin size-based effect. It is necessary to recognize continual benefit of the sized-based effect, however it is also important to distinguish different characteristics of the functional form by the size and network. The feasibility of the urban network theory is tested in this study with the empirical analysis and recommends the importance of policy implication with recognition of the distinction between size and network-based effects.

• Journal of the Korean Society of Safety
• /
• v.27 no.5
• /
• pp.64-69
• /
• 2012

The concept of SIL is applied in the most of all standards relating to functional system safety. However there are problems for the people to apply SIL to their plants. as these standards don't include sufficient informations. In this regards, this paper will suggest the direction of SIL application and concept based on IEC 61508 and IEC 61511. A Safety Integrity Level(SIL) is the discrete level(one out of possible fours), corresponding to a range of the probability of an E/E/PE (Electric/Electrical/Programmable Electrical) safety-related system satisfactorily performing the specific safety functions under all the stated conditions within a stated period of time. SIL can be divided into the target SIL(or required SIL) and the result SIL. The target SIL is determined by the risk analysis at the analysis phase of safety lifecycle and the result SIL is calculated during SIL verification at the realization phase of safety lifecycle. The target SIL is determined by the risk analysis like LOPA(Layer Of Protection Analysis), Risk Graph, Risk Matrix and the result SIL is calculated by HFT(Hardware Fault Tolerance), SFF(Safe Failure Fraction) and PFDavg(average Probability of dangerous Failure on Demand). SIL is applied to various areas such as process safety, machinery(road vehicles, railway application, rotating equipment, etc), nuclear sector which functional safety is applied. The functional safety is the part of the overall safety relating to the EUC and the EUC control system that depends on the correct functioning of the E/E/PE safety-related systems and other risk reduction measures. SIL is applied only to the functional safety of SIS(Safety Instrumented System) in safety. EUC is the abbreviation of Equipment Under Control and is the equipment, machinery, apparatus or plant used for manufacturing, process, transportation, medical or other activities.

• International Commerce and Information Review
• /
• v.15 no.2
• /
• pp.163-185
• /
• 2013

Chesbrough(2003, 2006) studied Open Innovation about not only IT advanced firms such as Intel or IBM, but also P&G or 3M which are traditional manufacturing firms. As West(2006) described, we can analyze open innovation in several levels such as firm level, industry level, sector, or cluster. Most of all, we could know that according to belonging industries, open innovation effect of firms are different based of technology life cycle, or modular or non modular architecture(JHJ YUN, 2010; JHJ YUN, 2009). In this research, we will study open innovation of Korea aeroplane industry. Korea Aerospace Industries, Ltd is the flagship company in Korean aeroplane industry. We will study the open innovation relationship between Korean Aerospace Industries, Ltd and supplying firms based on Case study and Interview method. Our research question is this. Do supplying firms for Korea Aerospace Industries, Ltd adopt open innovation strategy? If then, what kind of aspects do the open strategies have?

• Journal of the Korean Geographical Society
• /
• v.32 no.2
• /
• pp.175-195
• /
• 1997

This study attempts to understand new immigrants' socio-economic adaptation by linking them with the restructuring economies in large US metropolitan areas. Selecting Los Angeles, New York, Chicago, and Atlanta, we examine the industrial distribution of employed Hispanic and Asian immigrant groups with respect to the industrial change experienced between 1980 and 1990, and residential concentration represented by higher location quotients. The findings are that new immigrant groups are employed in overall industrial sectors close to that of total population and their large residential concentrations are displayed near downtown as well as outlying areas. These suggest that new immigrant groups experience different socio-economic adaptation from those generalized in the previous European immigrants, concentrated in manufacturing sector and near downtown area. This study proposes that divergent economic restructuring across metropolitan areas and new immigrants' backgrounds should be considered for better understanding of immigrants' economic adaptation in the current economic restructuring and its spatial manifestation in the US contexts.