• 제목/요약/키워드: Multinational

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Korean Multinational Corporations' Global Expansion Strategies in Manufacturing Sector: Mother Factory Approach

  • Yong Ho Shin
    • International Journal of Internet, Broadcasting and Communication
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    • 제16권1호
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    • pp.269-279
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    • 2024
  • The study explores the evolving landscape of overseas expansion strategies by Korean corporations, focusing on recent geopolitical tensions, the COVID-19 pandemic, and disruptions in global supply chains. It emphasizes the challenges faced by industries producing high-value products and delves into the concept of "Friend-Shoring" policies in the United States, leading major Korean companies to invest in local semiconductor, battery, and automotive factories. Recognizing the potential fragmentation of Korea's manufacturing sector, the paper introduces the "Mother Factory" strategy as a policy initiative, inspired by Japan's model, to establish core production facilities domestically. The discussion unfolds by examining the cases of major companies in Japan and the United States, highlighting the need for Korea to adopt a mother factory strategy to mitigate risks associated with friend-shoring policies. Inspired by Intel's "Copy Exactly" approach, the paper proposes a Korean mother factory model integrating smart factory technology and digital twin systems. This strategic shift aims to enhance responsiveness to geopolitical challenges and fortify the competitiveness of Korean high-tech industries. Finally, the paper proposes a Korean Mother Factory based on smart factory concepts. The suggested model integrates smart factory technology and digital twin frameworks to enhance responsiveness and fortify competitiveness. In conclusion, the paper advocates for the adoption of a comprehensive Korean Mother Factory model to address contemporary challenges, foster advanced manufacturing, and ensure the sustainability and competitiveness of Korean high-tech industries in the global landscape. The proposed strategy aligns with the evolving dynamics of the manufacturing sector and emphasizes technological advancements, collaboration, and strategic realignment.

일개 기업의 40년 소음으로 인한 청력 손실 예방 활동을 통해 본 청력보존문화의 변화 단계 (Safety and Health Culture Change Stages: A Reflection on 40 years of Hearing Conservation History at a Multinational Company)

  • 박미진;윤충식;백도명
    • 한국산업보건학회지
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    • 제29권3호
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    • pp.298-309
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    • 2019
  • Objectives: This study aimed to investigate stages of safety and health culture change through a reflection on 40 years of hearing conservation history at a multinational company. Methods: The target workplaces were multinational companies with more than 1,000 employees. The research used the clinical case study and system analysis methods based on direct observation of the research from 1994 to 2009. The latter method performed an analysis of the equilibrium state of the cross-section in the given period and the longitudinal profile of the change during the given period. Results: The stages of cultural change are divided into five stages and summarized as follows. In the first stage, workplace noise was not widely recognized as a hazard, while in the second stage, the measurement of noise levels and audiometric testing were conducted under the Korean Occupational Safety and Health Act (KOSHA). The driving force for change in the second stage was the amendment of the KOSHA. In the third stage, noise came to be recognized as a hazard factor through awareness training. The driving force of change during the third stage was the strong executive power exerted by the audit of the industrial hygiene program from the US head office. In the fourth step, there was a change to actually reduce noise. The driving force in this stage was a change in company executives' risk perception resulting from lawsuits over noise-induced hearing loss and the task force team activities for culture change based on the action learning protocol. At the fifth stage, a 'buy quiet policy' was institutionalized. The management's experience that noise reduction was difficult was the motivation to manage noise from the time of purchase of equipment. Conclusions: The activities of a hearing conservation program are determined by the improvement of the legal system and by the way it is enforced. Noise control activities to reduce noise areas may be possible through the shared risk perception of noise-induced hearing loss and by a change agent role as a facilitator to implement noise control.

Is Asia a choice for careers in Innovation?

  • Ramakrishna, Seeram
    • Asian Journal of Innovation and Policy
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    • 제1권2호
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    • pp.133-147
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    • 2012
  • Asia is becoming a stronghold for innovation careers along with its resurgence in economic, political, and cultural arenas. This transformation happened on the backdrop of growing enrolments in higher education, increasing investments in scientific research & innovation, and innovation supportive policy measures by several Asian countries. Research and Development (R&D) and product customization centres of multinational corporations (MNCs) sited in emerging nations are also instrumental in this transformation.

물류시스템의 핵심기술지도 (The Kernel of Technology in Logistics Systems)

  • 변의석
    • 한국경영과학회:학술대회논문집
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    • 대한산업공학회/한국경영과학회 2004년도 춘계공동학술대회 논문집
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    • pp.159-162
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    • 2004
  • Logistics industry confronting very complex situation because of small quantity, frequent orders, multinational enterprises, lack of human power etc. leads to diversity, flexibility and agility. In this paper, integrated approach is introduced for projecting national technologies in logistics systems related to IT and automated control industry. Three areas of automation, IT basis, and operation techniques are included along with business factors of transportation, warehousing, stevedoring, pecking, and information systems. As a result, the epitome concludes the technology of in-house development and joint collaboration with others.

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CORPORATE PARENT EFFECT ON SUBSIDIARY TECHNOLOGY AND DIVERSIFICATION STRATEGIES

  • Ang, Siah-Hwee
    • International Commerce and Information Review
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    • 제1권1호
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    • pp.3-24
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    • 2008
  • This paper examines the corporate parent effect on the diversification strategies of triad and Asian subsidiaries in the ASEAN region. I find that triad subsidiaries tend to participate in high technology intensive industries, and are more likely to diversify. In addition, I also find that the subsidiary diversification strategy is significantly affected by the number of affiliations under the same corporate parent that perform the same or different activities in the region. These results shed light on the influence of corporate parent on subsidiary-level strategy and the role of the subsidiary within an economically integrated region. Various implications are discussed.

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Strategic Foreign Direct Investment in Developing Countries under Demand Uncertainty: Commitment vs. Flexibility

  • Hyun, Hea-Jung
    • East Asian Economic Review
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    • 제16권1호
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    • pp.25-66
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    • 2012
  • The paper analyzes the effect of expected future demand on the investment decisions of multinational enterprises. In particular, I explore the issue of the timing of switching between exporting and FDI in the host developing country and explicitly incorporate the firm's attitude toward risk in the model. The model demonstrates that the optimal time for switching to FDI depends on the expected future demand and the degree of its uncertainty.

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다국적기업 네트워크내 관계활동이 지식이전 및 자회사 성과에 미치는 영향 (A study on the influences of relational activities within MNC network on knowledge transfer and subsidiary performance)

  • 이지원;강인원;박경신
    • 지식경영연구
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    • 제14권3호
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    • pp.1-13
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    • 2013
  • This study investigates how relational activities within MNC network affect knowledge transfer and performance of subsidiary. We separated the possible relationships between headquarter and overseas subsidiaries by support level, interaction level, and conflict level, and compared the impact on knowledge transfer, and performance. To understand the knowledge sharing, development and performance, we use structural equation modeling to analyze data from subsidiaries in China.

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Current Trends in Chinese Fashion Markets - Characteristics of Chinese Fashion Markets and Launching Strategies to Success -

  • Chung, Cheng Chung
    • 패션비즈니스
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    • 제7권3호
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    • pp.45-53
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    • 2003
  • In the face of trade opportunity of Chinese reformation and opening and the future largest single market, global or multinational companies and Korean, Japanese, Chinese, Hong Kong's and Taiwan's companies will go all out to catch hold of one quotient. One trading war is about to start for funds, elitists, technique, and management in China now. It might be difficult to get profits in Chinese markets. However, risks can bring challenges, and competition can make progress. It's time to prepare for the challenges in the golden opportunity laid in front of us all.

ISO-14000 대비 기업의 환경관리 교육 (Corporate Training for ISO-14000)

  • 차근호
    • 한국환경교육학회지:환경교육
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    • 제6권1호
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    • pp.133-137
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    • 1994
  • The main step for many multinational corporations when initiating an environmental management system is the formulation and implementation of an environmental audits aimed at identifying environmental problems requiring remedial action. Environmental management systems such as BS 7750 and the Eco-Management and Audit Scheme offer an opportunity to enhance environmental performance and assess the quality of management system is the availability of inhouse environmental expertise, which can be provided through training programmers.

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