• Title/Summary/Keyword: Korean manufacturing industry

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The Relationship Between Expenditures for Information Technology and Organizational Performance : Empirical Evidence From Korean and American Firms (정보기술(情報技術) 지출(支出)이 조직의 경영성과(經營成果)에 미치는 영향(影響) : 한.미(韓.美) 기업(企業)을 대상으로 한 실증연구(實證硏究))

  • Kim, Chang-Su
    • Asia pacific journal of information systems
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    • v.7 no.1
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    • pp.25-48
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    • 1997
  • This study examines whether expenditures in information technology (IT) are associated with increases in the Tobin's q ratios a measure of organizational performance. It uses two groups of sample, Korean and American firms that disclose IT expenditures. For the all-firms group of each country, the association between IT expenditures and Tobin's q ratios is positive and statistically significant. But the association varies among industries. For Korean firms, IT expenditures appear to increase Tobin's q ratios for the machine and equipment manufacturing industry group (SIC3-2). IT expenditure ratio of this group as a percent of total sales is highest among the industry groups. For all service industry groups(SIC4&5), the estimated coefficient of IT expenditures is positive but statistically insignificant. For American firms IT expenditures in most of the manufacturing industry groups appear to increase only a little, if at all, for the Tobin's q ratios. But IT expenditures appear to have a greater impact on Tobin's q ratios for all service industries (SIC4-7). For three service industries tested (transportation and telecommunication- SIC4, financial- SIC6, consulting and other service industry- SIC7), the estimated coefficient of IT expenditures is positive and statistically significant. The evidence from both Korean and American firms suggests that IT expenditures in service industries provide a greater impact on an organizational performance than ones in manufacturing industry. To test whether service industries use a competitive strategy utilizing IT as a core competence, the samples ore divided into two groups, service and manufacturing industry. For Korean firms, both IT and R&D expenditures in manufacturing industry are associated with increases in Tobin's q ratios. But for service industry, the estimated coefficient of only IT expenditure is positive. For American firms, the estimated coefficients of both IT and advertising and R&D (ARD) expenditures in manufacturing industry are positive but the coefficient of only ARD is statistically significant. For service industry, the estimated coefficient of only IT expenditure is positive and statistically significant. The evidence may suggest that manufacturing industry uses both R&D and IT strategies to increase a competitive advantage but uses R&D strategy as a core competence. However, service industry uses IT strategy as a core competence to increase a competitive advatage.

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Determinants and Complementarities of the Technological Innovation Protection Mechanisms of Korean Manufacturing Firms (한국 제조기업의 기술혁신보호방법 결정요인과 상호보완성)

  • Yu, Kyung-Jin;Hong, Soon-Ki
    • Korean Management Science Review
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    • v.28 no.3
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    • pp.31-45
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    • 2011
  • This study aims to analyze determinants and complementarities of the technological innovation protection mechanisms of Korean manufacturing firms. The results of the inter-industry comparison show that there are differentiations of the determinants among industries. Independence between legal and strategic protection mechanisms is found in the high technology industry, whereas complementarities exist between them in the low technology industry. It implies that the firms should take into account their endogenous and exogenous factors to choose appropriate combinations of the mechanisms when they build up their innovation protection strategies. This study expects to contribute to establishing technological innovation protection strategies in manufacturing industry.

A Study on the Distribution of Ladies' Apparel Manufacturing Companies (국내 여성기성복 유통실태 분석 -제조업체를 중심으로 -)

  • Song Kyung Sook;Rim Sook Ja
    • Journal of the Korean Society of Clothing and Textiles
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    • v.13 no.4
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    • pp.330-338
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    • 1989
  • The Korean apparel manufacturing industry started to meet domestic demands which had depended on importation in 1950s, growing into one of the export-oriented industries with several Five-Year Economic Development Plans. In spite of the development, inefficient organization of distribution of apparel manufacturing industry which connects production with consumption impedes further development of the industry. This study aims at suggesting desirable distribution system of ladies' apparel, the core of the fashion industry. This researcher interviewed those who are concerned in twenty-eight ladies' apparel manufacturing compaines, analyzing the current state of distribution in the industry and the problems. The results are as follows; 1. Forty-five percent of ladies' apparel is distributed through department stores. Therefore, the department stores need to assume their roles in sales and try to improve the condition and to train professional buyers. 2. The sales network is concentrated on the five biggest cities such as Seoul, Pusan, Taegu, Taechon, and Kwangju, prompting the need to be diversified. 3, Tke existing distribution forms distribution systems have many irrational factors which are aggravnting the rate of goods in stock. 4. The manufacturing companies do not implement studies on distribution. The companies should try to establish clear concepts on production and distribution on their own for better planning skills. 5. Computerized systems need to manage the procedures ranging from ordering, distribution, sales to inventory.

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Impact of Workers' Perceptions of the Safety Climate on Job Satisfaction and Intention to Turnover in the Manufacturing Industry (제조업 근로자의 지각된 안전 분위기가 직무만족과 이직의도에 미치는 영향)

  • Lee, Kyoung A;Lee, Jae Hee;Oh, Shezeen
    • Journal of the Korean Society of Safety
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    • v.28 no.1
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    • pp.102-108
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    • 2013
  • This study aimed to examine the impact of workers' perceptions of the safety climate on job satisfaction and intention to turnover in the manufacturing industry. Data was collected from employees(n=143) working in the manufacturing industry. The perceived safety climate included perceptions of the safety commitment of the management, safety leadership of the immediate supervisor, and safety policy. Hierarchical regressions were conducted to identify the significance of the relation between the sub-variable of the perceived safety climate and job satisfaction, and intention to turnover. The results show that safety commitment and safety policy are significant predictors of job satisfaction. The immediate supervisor's safety leadership was significantly correlated with intention to turnover. These results indicated that the perceived safety climate of workers in the manufacturing industry might influence job satisfaction and intention to turnover. Therefore, organizations in the manufacturing industry should focus on improving safety climates to enhance job satisfaction and prevent employee turnover.

Expert System for Product Design and Process in Manufacturing Industry (제조업의 제품 설계 및 프로세스를 위한 전문가 시스템 개발)

  • Kang H.W.;Nam S.H.;Hong W.P.;Lee S.W.;Choi H.J.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2005.06a
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    • pp.114-117
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    • 2005
  • An expert system is a system that employs human knowledge captured in a computer to solve problem that ordinarily require human expertise. Well-designed expert systems imitate the reasoning processes experts use to solve specific problem. Specially, expert systems are used to the engineer in manufacturing industry for the process control, production management and system management. In this paper, we propose the design process expert system for product design process in manufacturing industry and we present introduction and contents of design process expert system methodology and software for the air purifier design system. This system will be helpful to improvement of design process for the air purifier production.

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Mobile Software Platform for Root Industry (뿌리산업을 위한 모바일 SW 플랫폼)

  • Lee, Sang Uk;Yi, Man Hui
    • Journal of the Korean Society for Precision Engineering
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    • v.34 no.1
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    • pp.13-17
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    • 2017
  • The sectors of the Root industry include casting, plastic works, welding, surface treatment, and heat treatment. While the industry is concerned with the processing technologies that are used in most of the manufacturing industries, the sophistication of the corresponding manufacturing information systems is very low. This paper describes a manufacturing information system for the building sector for which the smartphone devices that the workers use in their daily lives are employed, and where the cost of the adaption of the manufacturing system at their factories is minimized. The proposed system consists of the following three parts: UI composer, General Application, and Gateway.

An Analysis of WTO Disputes in Aircraft Manufacturing Industry (항공기 제조산업 관련 WTO 분쟁사례 분석)

  • Lee, Hae Jun;Kim, Sun Ihee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.27 no.4
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    • pp.83-95
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    • 2019
  • In order to promote the domestic aircraft manufacturing industry, this study analyzed the limitations of the preceding study on the WTO dispute concerning civil aircraft by summarizing the latest developments and issues in the mid-range aircraft dispute between Brazil and Canada and the large civil aircraft dispute between the United States and the EU. Based on the results of the study, we should look closely at WTO regulations and existing cases of disputes to find maximum support measures, and we believe that in order to stimulate the domestic aircraft manufacturing industry, we should refrain from publicly specifying support measures in the data, such as laws and policies, utilize the WTO SCM Agreement exceptions, and strengthen links with international cooperation and other industries.

Inventory Levels of KOSPI-Listed Manufacturing Firms Between 2000 and 2019 (코스피 상장 제조기업의 2000-2019년 재고수준 변화에 대한 고찰)

  • Seungrae Lee;Seung-Jae Park
    • Asia-Pacific Journal of Business
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    • v.14 no.2
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    • pp.1-15
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    • 2023
  • Purpose - This study investigates whether the inventory levels of Korean manufacturing firms increased or decreased from 2000 to 2019. We also explore the relationship between inventory levels and firm performance. Design/methodology/approach - We use panel data on KOSPI-listed firms in the manufacturing industry. We measure days in inventory as a proxy for inventory levels, and firm performance is measured by return on assets, return on sales, and EBITDA ratio. The panel data regression method is employed in our analysis. Findings - We find that days in inventory of Korean manufacturing firms significantly increased from 2000 to 2019, especially for raw materials and finished goods inventory. In addition, while days in inventory of large- and medium-sized firms were less than those of small-sized firms, the change in days in inventory of large- and medium-sized firms was positively significant over time. Moreover, the increase in days in inventory was more prevalent among industries related to foods, clothes, chemicals, and transportation. Finally, we show that the days in inventory are negatively related to firm performance. Research implications or Originality - While the Korean manufacturing industry has enormously grown over the last 20 years and managing inventory is critical in the manufacturing industry, our findings counter-intuitively show that the days in inventory of the Korean manufacturing industry had been gradually increased. We speculate that the increase in days in inventory is due to the Korean manufacturing firms' heavy reliance on global supply chains.

Activation Scheme of Six Sigma in the Non-manufacturing Process of Industry (사무간접부문에서의 6시그마 경영 활성화 방안)

  • 안병진;김상익;서한손
    • Journal of Korean Society for Quality Management
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    • v.31 no.2
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    • pp.220-229
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    • 2003
  • The methodology of Six Sigma originated at Motorola in the early 1980s is nowadays proved to be an effective way in Improving the quality. Many companies find adding Six Sigma to their current business system gives them all or almost all the elements of total quality management(TQM). However most companies where Six Sigma is implemented confront many difficulties in non-manufacturing parts such as transactional and administrative processes. In this paper we discuss distinct aspects of such non-manufacturing process, and investigate activating scheme of Six Sigma in those parts of industry.

A GTAP Model Analysis of the Effects of RCEP on the Korean Manufacturing Business (GTAP모형을 이용한 RCEP 발효가 한국 제조업에 미치는 영향분석)

  • Yong-jie Gui;Yoon-Say Jeong
    • Korea Trade Review
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    • v.47 no.5
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    • pp.147-160
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    • 2022
  • This study aim to use the GTAP model to analyze the impact of RCEP Fermentation in the Korean manufacturing industry by quantifying the RCEP tariff commitment table. The research results show RCEP has boosted output in all sub-manufactures except wood and printed matter due to increased export volumes. Wood products, on the other hand, are more reliant on imports due to lower production due to lower domestic sales or overall exports. After RCEP came into effect, the import and export scale of Korea's manufacturing industry expanded effectively. Among them, the positive impact on the intensive low-tech manufacturing industries such as clothing and leather products, wood products and printing products, and food, beverage and tobacco products is greater than the positive impact on the technology-intensive medium and high-tech and high-tech manufacturing industries. And found that the growth rate of Korea's manufacturing trade is basically proportional to the tax reduction rate of RCEP. Finally, in order to promote the development of the manufacturing industry, some suggestions are put forward that need the government's policy support and strengthen the regional cooperation with RCEP member countries.