• Title/Summary/Keyword: Manufacturing industries

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The Exports and Economic Growth in the 8 Manufacturing Industries: Cointegration and Error Correction Models:1975-2010 (한국 8개 제조산업의 수출과 경제성장에 관한 실증분석:1975-2010)

  • Zhu, Yan Hua;Park, Sehoon;Kang, Joo Hoon
    • Journal of Korea Society of Industrial Information Systems
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    • v.18 no.4
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    • pp.61-72
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    • 2013
  • The relationship between export growth and economic growth in developing countries has been one of the main issues in the growth theory field. Many of empirical studies have been done during the last three decades in order to investigate the export-led growth hypothesis using either time-series or cross-sectional data mainly in developing countries. This paper applies cointegration and error correction models to test causal relationship between export growth and economic growth in the Korean 8 manufacturing industries using the industrial time-series quarterly data over 1975-2010. The export-output relationship is tested by including industrial capital stock and the industrial labor force as exogenous variables. The cointegration and error-correction modelling technique with industrial export and output data have showed the strong evidence that there is a bi-directional causality between industrial export and industrial output in 6 manufacturing industries except wood & pulp and nonmetallic industries.

Analysis of IoT Usage in Korean Key Manufacturing Industries (주요 제조업의 사물인터넷 활용성 분석)

  • Hwang, Gyusun;Park, Juhyung;Lee, Jeongcheol;Park, Jinwoo;Chang, Tai-Woo;Won, Joongyeon
    • The Journal of Society for e-Business Studies
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    • v.21 no.4
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    • pp.81-93
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    • 2016
  • Internet of Things (IoT) has been established in various industries and IoT technology is highlighted as a new value creation technology. Especially, Korean government has launched Manufacturing Innovation 3.0 Strategy for developing Smart Factory concept to improve national and corporate's competitiveness. This study tries to present new industry classification scheme considering 10 national key manufacturing industries. Based on the new scheme, 10 national main forces industries are categorized into 6 segments. We have conducted SWOT analysis to comprehend Korean IoT environment. Based on the analysis, we have positioned 6 segments at the strategic decision-making grid to analyze industries' IoT practical usage.

Case studies on the Practical Ways of Preventing Injuries in Small Manufacturing Industries (소규모 제조 사업장에 적합한 재해예방 기법 사례 연구)

  • Shin, Woon-Chul;Kim, Jin-Hyun;Hong, Yong-Soo
    • Journal of the Korea Safety Management & Science
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    • v.15 no.2
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    • pp.39-45
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    • 2013
  • Occupational injury rate of Korea recently slides slightly downward after stagnating around 0.7%'s for more than 10 years. To accelerate this trend, injury prevention for small enterprises is crucially important because vast majority of injuries take place in small enterprises. Considering huge number of small enterprises, we need to focus our efforts to type of riskier industries. By analysing detailed injury data, we select type of industries which need our concentrated prevention efforts. Several preventive measures are recommended, after we made literature survey of case studies for small enterprises. The result identifies riskier type of industries including transportation machinery manufacturing industry type(B), woods & veneer manufacturing industry, etc. Safety of machinery, new enterprises less than 2 years in service and new employees serving less than 6 months are in need for focused prevention efforts. To cope with these vulnerable spots, recommended preventive measures include strengthening of machinery safety standards, early assistance for safety to new enterprises, mandatory safety education before employment, etc.

Corporate Characteristics and Occupational Injuries by Industry

  • Sunyoung Park;Myung-Joong Kim
    • Safety and Health at Work
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    • v.14 no.3
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    • pp.259-266
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    • 2023
  • Background: Recent research on occupational injuries in companies has faced difficulties in obtaining representative data, leading to studies relying on surveys or case studies. Moreover, it is difficult to find studies on how a company's industry characteristics affect occupational injuries. This study aims to address these limitations. Methods: We collected 11 years of disclosure data from 1,247 listed companies in the Korean stock market and combined it with their occupational injury histories collected by the Republic of Korea Occupational Safety and Health Agency (KOSHA) to build a dataset. We attempted to analyze a linear panel model by dividing the dataset into manufacturing, construction, and other industries. Results: The higher proportion of full-time employees and better job skills correlate with lower occupational injuries in other industries. The wage increase reduces occupational injuries in manufacturing and other industries, but the substitution effect produces the opposite outcome in construction. Also, foreign ownership and credit ratings increase effectively reduce occupational injuries mainly in the manufacturing industry. Conclusion: Our results suggest that in explaining the relationship between corporate characteristics and occupational injuries, it is necessary to consider the nature of the industry more closely, and in particular, employment and labor policies for preventing occupational injuries need to be selectively applied according to industry. In addition, to improve the limitations and increase the usability of the research results, further detailed studies are needed in the future.

Effect of ICT Capital on the Demands for Labor and Energy in Major Industries of Korea, US, and UK (ICT 자본 투입이 노동 및 에너지 수요에 미치는 영향: 한국, 미국, 영국의 제조업 및 전기·가스·수도사업의 생산구조 비교)

  • Kim, Jihyo;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.23 no.1
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    • pp.91-132
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    • 2014
  • We investigate the effect of ICT capital on the demands for labor and energy in manufacturing and electricity gas water industries of Korea, US, and UK. Assuming ICT capital, non-ICT capital, labor, electricity, fuel, and material as input factors for manufacturing and ICT capital, non-ICT capital, labor and energy material as input factors for electricity gas water industry, we estimate the Morishima elasticities of substitution. Considering the relative price changes of input factors, ICT capital has substituted labor in manufacturing and electricity water gas industries of the three countries. ICT capital has substituted both electricity and fuel in US and UK manufacturing. Although ICT capital has substituted electricity and fuel each other in Korean manufacturing, ICT capital is unlikely to decrease the demands for electricity and fuel when considering their relative price changes. ICT capital has substituted energy material in electricity gas water industries of the three countries.

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.

A Study on Accelerating Marine Equipments Industry for Enforcing Competitiveness of the Offshore Plants Industry (해양플랜트산업 경쟁력 강화를 위한 조선기자재산업 고도화에 관한 연구)

  • HA, Chang-Seung;JUNG, Dae-Hyun
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.5
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    • pp.1369-1379
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    • 2015
  • This study attempted an AHP analysis through interview with experts in the industries and questionnaire survey on recognition of organization members and future strategic development direction in order to upgrade shipbuilding equipment industries to marine plant equipment industries. Key research results are as follows. First, according to analysis on relative priority between three aspects on acceleration of shipbuilding equipment industries, importance was shown in the order of acceleration of internal competence, acceleration of manufacturing technology, and acceleration of supply chain, which means that the aspect on acceleration of internal competence had relatively higher importance. Second, as for relative importance of detailed item evaluation per respective aspect, it was found that development of core competencies was high from the aspect on acceleration of internal competence, higher value-addition was high from the aspect on acceleration of manufacturing technology, and IT infrastructure construction was high from the aspect on acceleration of supply chain.

A Comparative Study on Forecasting Models of Korean Entrepreneurs' Characteristics and Performances : Case of Manufacturing, Construction and Technological Industries (한국의 기업가 특성 성과 예측 모델 비교연구 : 제조업, 건설업 및 기술산업을 중심으로)

  • Lee, Sae-Jae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.3
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    • pp.109-116
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    • 2007
  • Entrepreneurship is considered as the main leadership creating enterprises and employment. However, in Korea empirical studies linking Korean entrepreneurial performances with her characteristics are rarely in existence. Current study focuses on Korean entrepreneurs in manufacturing, construction and other technologically intensive (MCOT henceforth) industries compared to entrepreneurs in service and other technologically less intensive (SOT henceforth) industries and to professional/technical wage workers and examines effects of human capital, demographic, and risk-taking characteristics on earnings. Education premium is higher for entrepreneurs in MCOT industries than for professional/technical workers, even though science and engineering diploma pays better in the latter, and that concentration in college causes more selection into the latter occupational family. In terms of education premium and effects of other characteristics SOT industry entrepreneurship and self-employment appear to be lower grade occupational families, even though there appear to be significant comparative advantages working in their selection.

An Empirical Study on the Wage Gap by Industries (산업별로 본 성별 임금격차에 관한 연구)

  • Shin, Kyung-Soo
    • Management & Information Systems Review
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    • v.20
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    • pp.61-83
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    • 2007
  • This study estimates gender wage gap by the Korean industries. The empirical findings are as follows: 1. The sex segregation by industries has not improved. 2. The average wage in $\ulcorner$electricity, transportation, warehousing, financial institutions$\lrcorner$ is relatively higher than others. On the contrary, the average wage in $\ulcorner$mining and manufacturing$\lrcorner$ and $\ulcorner$wholesale and retail, food, loading$\lrcorner$ is relatively lower than others. 3. The gender wage gap in $\ulcorner$electricity, transportation, warehousing, financial institutions$\lrcorner$ is relatively lower than others. On the contrary, the gender wage gap in $\ulcorner$mining and manufacturing$\lrcorner$ is relatively higher than others. The gender wage gap has declined annually. The gender wage gap in industries with lower wage level is higher. The decline of gender wage gap cannot be interpreted as a relaxation of sexual discrimination.

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Development of Pipe Robot by Using Mecanum Wheels (메카넘 휠을 이용한 배관 로봇의 개발에 관한 연구)

  • Kim, Daeyoung;Park, Soonwook;Lee, Hojoong;Kim, Jongpil;Chung, Wonji;Kwak, Dohoon
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.20 no.2
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    • pp.58-65
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    • 2021
  • Most pipe-inspection robots have fixed sizes and use a wired cable system. Pipelines are generally composed of various structures, including bent pipes, vertical pipes, branch pipes, and holes, and it is difficult to explore the insides of such modular piping structures. In an offshore plant pipeline, a robot that can pass through the pipe hole in the downward direction or avoid obstacles, such as a measuring instruments, has not been introduced yet. In this study, an inspection robot that can travel through most pipelines in offshore plants is proposed. This robot uses mecanum wheels; upward, downward, and rotary motion; and a novel rotatable mechanism. Moreover, the robot is designed to be compact and lightweight to include additional devices in the middle.