• Journal of Korean Institute of Industrial Engineers
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• v.39 no.3
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• pp.198-203
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• 2013

Industry convergence is the inexorable trend, which has become a fundamental concept to understand the industrial dynamics and to develop business strategies. However, most of the previous studies on convergence have dealt with the issues at the macro-level (technology- or industry-level), little attention has been paid to the analysis of convergence at the micro level (firm-level). Recognizing that firms are the principal agents that develop fusion technologies, it is encouraged to help firms to work together for technology convergence. Therefore, this research proposes a collaboration model for SMEs, since SMEs tend to have novel ideas and are flexible enough to make fusion-technology. To do this, we conducted a survey for Korean SMEs and analyzed their successful cases of collaboration, which was used as a basis to develop the model. The research results will help develop strategy or policy to promote the collaboration between SMEs and ultimately to make a fusion-technology.

• International Commerce and Information Review
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• v.11 no.4
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• pp.77-109
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• 2009

The purpose of this study is to review the current trend of FDIs by Korean companies into EU, and to present the optimal strategies for them to combine their firm-specific factors and FDI attractiveness of the regions in EU. The companies are divided into two categories, SMEs and large enterprises. The regions of EU are composed of 15 incumbent members before the fifth enlargement in 2004 and 12 new members. Large Korean companies tend to make large investments in 15 incumbent members with stable and mature markets. Korean SMEs, by contrast, mainly invest on small scales in the new members due to the lack of their available inner resources and knowledge for the markets. The main objects of the investments in EU by the large Korean companies are to gain more market share and to acquire the advanced technologies. Although such goals are also important for the SMEs, the most important objects for the investments by Korean SMEs in EU are usually to enter EU markets and to take advantage of the relatively cheap labor forces for the efficient operations. The effects of such passive strategies by the SMEs, however, are expected to extinct because the cost advantages in regions of the new EU members will not last in the long term, so the SMEs must take longer views for the choice of locations. Many empirical results suggest that the optimal FDI strategies for the Korean companies in EU could be worked mainly by more aggressive localization policy of companies and by the cooperations of SMEs and large enterprises for the reduction in costs of foreignness.

• Asian Journal of Innovation and Policy
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• v.8 no.3
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• pp.417-427
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• 2019

This article puts forward the opinion of a policy expert, who had been involved in Korea's science and technology policy for 30 years, about technology policy for SMEs. This article first explains why technology policies for SMEs are needed, and from what point of view. The next section looks at the current problems facing Korean SMEs, followed by the introduction of past and current polices to support SMEs. The comparison between current issues facing SMEs and past and current policies leads to lessons that can be learned. There are four lessons for the policy itself and three for the implementation of these policies. As for policy, the first four are about stages of development, concentration, R&D and diffusion, and policy mix. The latter three are policymakers, institutional building, and cooperation between ministries. This article makesfour suggestions for future policy: the importance of startups' culture, cooperation with others, infrastructure to reduce uncertainty, and policy monitoring and evaluation.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.12
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• pp.2190-2194
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• 2010

Wind power generation system (WPGS) of Ulleung Island causes frequency and voltage fluctuation due to wind speed variation during night time. Superconducting magnetic energy storage (SMES) system can overcome the fluctuations through the fast response time of energy charging and discharging. The SMES system should be connected to the terminal of the WPGS for frequency stabilization. To demonstrated the effectiveness of SMES system for power quality improvement, Ulleung Island power network was modeled in a real time digital simulator (RTDS). The RTDS-based simulation results of power quality improvement with SMES are investigated and discussed in detail.

• International Journal of Precision Engineering and Manufacturing-Green Technology
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• v.5 no.5
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• pp.659-670
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• 2018

The Industrial Internet of Things (IIoT) confronts industrial manufactures with economic, ecological, as well as social benefits and challenges, referring to the Triple Bottom Line of sustainability. So far, research has mainly investigated its dimensions in isolation or economic aspects have not been compared with ecological and social perspectives. Further, research misses studies that are devoted to the special characteristics and requirements of Small and Medium-sized Enterprises (SMEs). This study aims to contribute to close this research gap, providing a research context that encompasses all three dimensions of sustainability. The results are based on data obtained from 329 SMEs, 222 in Germany and 107 in China, therefore allowing for a comparison of the concepts "Industrie 4.0" and "Made in China 2025" in the context of SMEs. In general, German SMEs expect a lower impact through "Industrie 4.0", perceiving the concept as more beneficial for larger enterprises. We further find that Chinese SMEs foremost see social benefits. Challenges whilst introducing "Industrie 4.0"by German SMEs as well as several frame conditions are perceived more relevant than for "Made in China 2025", as seen by Chinese SMEs. The paper closes with implications for research and practice based on these findings.

• Progress in Superconductivity and Cryogenics
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• v.8 no.3
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• pp.45-48
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• 2006

The conduction-cooled HTS SMES is operated in cryogenic and high vacuum condition. Thus. Insulation design at cryogenic temperature and high vacuum is a key and an important element that should be established to accomplish compact design is a big advantage of HTS SMES. However, the behaviors of insulators for cryogenic conditions in vacuum are virtually unknown. Therefore, active research and development of insulation concerning application of the conduction cooled HTS SMES was needed. In this study, the insulation characteristics at experimented high vacuum and cryogenic similar to running condition of SMES system. Also, investigated about insulation characteristics of suitable some materials to insulator for conduction-cooled HTS SMES. As these results. the basis data was obtained for insulation materials selection and insulation design for development of 600kJ class conduction-cooled HTS SMES.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.195-210
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• 2020

This study describes the structure of the capital markets for small- and medium-sized enterprises (SMEs) and startup companies in Korea, which is an emerging market that has experienced drastic changes. The overall capital market can be divided into private and public capital markets. In the private capital market, most of the demand for capital comes from non-listed private firms, including startups and SMEs. In the case of SMEs and startups, the KOSDAQ, the Korea New Exchange (KONEX), and primary collateralized bond obligations (P-CBOs) are part of the public capital market. SMEs and startups are generally incapable of raising sufficient capital owing to their low credit ratings, and they largely have limited access to primary markets to issue shares and borrow money. The Korean government has developed a systematic financial aid program to provide funds to these companies. The fund for SMEs has significantly contributed to the development of the venture capital market. Many Korean banks provide substantial lending to SMEs, but this lending is available only because of the Korean government's loan recovery guarantee. Furthermore, SMEs can issue corporate debt in the form of primary collateralized bond obligations through government guarantees, but such debt issuances have placed increasing pressure on public guarantee institutions.

• The Journal of Fisheries Business Administration
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• v.49 no.4
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• pp.1-17
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• 2018

The Korean fisheries industry is a traditional business, the majority of which are small and medium-sized enterprises (SMEs). It has played an important role in the South Korean economies in the past several decades, but it currently faces the limitations of growth potential and profitability due to declining workforce, aging populations, deteriorating fishery environments, climate changes, and rapid changes in the global industrial ecosystem. Many studies have suggested solutions for the fisheries industry in macro perspective, but there are rarely any studies taking the strategic approaches for the problem. If it is possible for governments to support the companies that are likely to increase their value-added selectively, it will break through the current situation more effectively. This paper introduces a study on the selection method utilizing data envelopment analysis (DEA) to find SMEs with potentials to increase profits and growth. We suggest selecting SMEs with high management efficiency and ability to utilize intangible assets as the target companies. We also suggest policy objectives for SMEs in the domestic fisheries industry based on the results of DEA analysis and propose a data-based method for the policy decisions.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.1
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• pp.96-101
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• 2010

Superconducting Magnetic Energy Storage (SMES) system is one of the key technologies to overcome the voltage sag, swell, interruption and frequency fluctuation by fast response speed of current charge and discharge. In order to evaluate the characteristics of over mega joule class grid connected High Temperature Superconducting (HTS) SMES system, the authors proposed an algorithm by which the SMES coil could be connected to the Real Time Digital Simulator (RTDS). Using the proposed algorithm, users can perform the simulation of voltage sag and frequency stabilization with a real SMES coil in real time and easily change the capacity of SMES system as much as they need. To demonstrate the algorithm, real charge and discharge circuit and active load were manufactured and experimented. The results show that the current from real system was well amplified and applied to the current source of simulation circuit in real time.

• The Transactions of the Korean Institute of Electrical Engineers B
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• v.48 no.1
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• pp.13-18
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• 1999

To fabricate a 0.7 FJ, 100 kVA $\mu$SMES device for improving power quality in sensitive electric loads, we developed a design code for a $\mu$SMES device and designed the 0.7 MJ $\mu$SMES device by using it. In this study special emphasis was placed in influence of winding tensions on quench currents of superconducting coils because dry superconducting coils are usually quenched by local disturbances due to strand motions. We first investigated the quench currents of a few kA class superconducting cables for various winding tensions experimentally. To prove the validity of the code and develop all techniques related to fabrication and test of the 0.7 MJ $\mu$SMES device, a smaller size superconducting coil was wound with high winding tension of about 15 kgf/$mm^2$ based on the test results of superconducting cables and tested. It isshown form the test results that designed parameters for the smaller size superconducting coil are in good agreements with measured ones and the quench current of the coil with high winding tension reaches nearly to the critical current of the superconducting cable without any training effects.