• Title/Summary/Keyword: New Capital

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Research on Supplier's Absorptive Capacity, Knowledge Creation, Intellectual Capital and Competitive Advantage (공급업체의 흡수능력, 지식창출, 지적자본 및 경쟁우위에 관한 연구)

  • Si-Chao Wang;Yan-Nan Li
    • Journal of Digital Convergence
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    • v.21 no.3
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    • pp.1-14
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    • 2023
  • This raises the question of how competitive advantage can be created, prompting firms to enhance their capacity for change. In this context, the role of knowledge creation becomes increasingly vital. This research aims to explore the role of intellectual capital and how to improve knowledge cration ability through absorptive capacity framework. It examines the links among knowledge acquisition, learning of new knowledge, knowledge creation, intellectual capital, and competitive advantage, drawing from both internal and external sources. The study focuses on small and medium-sized supplier firms in Korea, with data collected from 15 industries, totaling 106 responses. The research model employs structural equation modeling (SEM) and utilizes AMOS 22 for analysis. As anticipated, all hypotheses were supported. The study provides robust evidence that absorptive capacity is a pivotal factor in cultivating suppliers' competitive advantage. Furthermore, it posits that intellectual capital should be viewed as a criucial component of suppliers' knowledge stock, significantly enhancing the impact of absorptive capacity on their competitive edge. Future studies should aim to validate the research model in different international settings or across multinational corporations to enhance its generalizabulity.

The R&D Investment and Productivity Growth of Korean Economy in the New Normal Era (뉴 노멀 시대하 한국경제의 R&D투자와 생산성 성장)

  • Kim, Seon Jae
    • The Journal of the Korea Contents Association
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    • v.16 no.11
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    • pp.321-329
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    • 2016
  • The purpose of this study is to analyze the impact of R&D investment on productivity growth of the Korean Economy in the New Normal Era. To be specific, this study focuses on the impact of R&D capital, other capitals, and total factor productivity(TFP) on the labor productivity during the three periods: 1970-2014, 1970-1997, and 1999-2014. We found out that the change of the intensity in the R&D capital and other capitals significantly impacted on the change of the labor productivity in Korea. In particular, the estimated coefficients of these variables are higher after the period of the IMF financial crisis than before the crisis. We also estimated the marginal productivity of R&D capital investment in terms of the TFP growth. The estimated coefficients of the variables showed stronger effects after the period of the IMF financial crisis than before the crisis. As a result, the increase of R&D investment has been greatly impacted on the growth of the total factor productivity(TFP) after the IMF financial crisis in Korea.

The Effect of Equity Crowdfunding on Job Creation (주식형 크라우드 펀딩이 고용창출에 미치는 효과)

  • Chun, Hesuk
    • The Journal of the Korea Contents Association
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    • v.15 no.12
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    • pp.541-549
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    • 2015
  • Research about U.S. and European countries demonstrated that startups and young firms account for nearly all net job creation. If we want to bring down unemployment and to increase economic growth rate, we need to create new companies and to make them to grow. Credit availability is one of the most important factors for entrepreneurs as they attempt to start or expand a business. For young firms, access to credit for business growth can mean the difference between survival and failure. Equity crowdfunding is an innovative means of raising capital for businesses. Crowdfunding campaigns can give new business access to a large pool of investors. This brings huge benefits for marketing and increase provability of success of business and ROI, so it leads follow-on investment from Venture Capital and Angel investors. In Korea, the survival rate of startups and average growth rate of survivors is far lower than those of the U.S or other countries due to lack of funds for startup or early business growth. Equity crowdfunding can be a new funding source for venture or startups. It can increase startup and survival rate, in addition to the growth rate of survivors, resulting in decreased unemployment rate. In Korea, Equity crowdfunding will be available from 2016. Further study is needed to determine whether the impact of crowdfunding in Korea on job creation will be similar to its impact in the U.S.

The Trend of Housing Design and Town Planning of New Towns in Indonesia (인도네시아 신도시의 주거디자인 및 단지계획 경향)

  • Megawati, Dewi Ratih;Ju, Seo Ryeung;Hanan, Himasari
    • Journal of the Korean housing association
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    • v.25 no.5
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    • pp.11-20
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    • 2014
  • Recent changes in the dynamics of national economies, market liberalization, changes in technologies and movement of capital have had a major effect on the Asian Pacific region since the early 1990's, as there has been an increasing role for foreign housing developers in those countries that experienced economic liberalization, high urbanization rates and reforms in the housing sectors. Recently the cosmopolitan cities of Indonesia attracted a global interest due to its rapid economic development and great potential of population and natural resources. New town development emerged as one of the solutions to reduce urbanization problems in Indonesia. This study aims to explore the contemporary planning principles of new town developments in representative new town projects supplied by of major housing development companies in Indonesia. We conducted case study on the new town named Kota Baru Parahyangan, which is located in outskirt of Bandung, the third biggest city in Indonesia and supplied by PT. Belaputra Intiland. As a result of this study, we can identify unique characteristics of new town development in Indonesia.

A study of museum of contemporary art in Germany (독일 현대미술관 연구)

  • Yoo Jae-Kil
    • Journal of Science of Art and Design
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    • v.7
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    • pp.105-127
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    • 2005
  • This research is on the characteristics and roles of important cities of Germany based on the history of the modern art museum and its possessions. Especially, it is focusing on the modern art museums in the western Germany including Dusseldorf, Koln, and Frankfrut that have shown economic recovery from the Miracle of Rhine; the capital city of Germany, Berlin, as well as Munich, the second capital city of Germany. Here, it harmonizes with the tradition of the past and simultaneously, it spreads the concept and role of the new museum as a forerunner. After the WWII, this is the most active of supporting investment for art museums and authors from the economic development. Also, it represents Germany with its national promotion of culture and arts. The modern art museums of Germany emphasize the mission that they exist for the people and the nation as well as creation of new art culture. These art museums working for national culture and art development do not simply collect and preserve arts. They induce active involvement from the public and keep in mind of national objectives. Here, art museums become and educational setting for the people and a room for new art culture. This research is on Germany modern art museum and it is composed of important 'public institutions' of Germany that critically influence the growth of world-renown authors. After the unification of Germany, Munchen and the western region became an important places centering around new Berlin modern art museum. They are the best places that show the national objectives and regional characteristics. Also, there are art museum educational curriculum and open space for the people by explaining exhibition plans and contents. Furthermore, there are two characteristics of German modern art museums that are noteworthy. Firstly, there are Berlin's Neue Nationalgalerie, Munchen's Pinakothek de Moderne, and Dusseldorf's 'K20' (Kunstsammlung N-Westfalen K20) that are the roots of modern art. These modern art museums exhibit popular author's collection repeatedly. This has a tendency to standardize audiences' view or to make audiences bored. It is becoming more like a trend for art work to appear and disappear. Despite these problems, German modern art museums play a critical role for a new cultural art creation and for the national identity by attempting to show the works of domestic authors as well as an intensive collection of world-renown authors' works. Secondly, there is a role as a new art museum to work together with people. It strives to continuously educate difficult modem arts, exhibits in an open space stimulating interest, participation, and conversations. From these roles, Hamburger Bahnhof Museum fur Gegenwart or Dusseldorf's 'K21, Frankfurt Museum $f\"{u}r$ Moderne Kunst, $Kf\"{o}ln$ Museum Ludwig are given new attention. Here, they emphasize the importance of communicating with the audiences and provides experiences that are different from the original spaces by showing the architecture tecture style of the art museum. In conclusion, German modern art museums attempt various changes by connecting to art education. With art museum activities, there forms a connection between arts and the lives of people, and from this, creative cultural art focused on the art museum borns. This is not only limited to Germany, the U.S., etc. We, too, should pay attention to new art culture creation from changes of role and function of modern art museums.

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파산절차에 관한 경제학적 분석

  • Ryu, Geun-Gwan
    • KDI Journal of Economic Policy
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    • v.23 no.1_2
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    • pp.149-191
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    • 2001
  • In this paper, we propose a new bankruptcy algorithm. The proposed algorithm is comprised of four tasks. Task A is the procedure of soliciting bids, Task B is the procedure of allocating claims, Task C is the procedure of trading claims, and Task D is the procedure of exercising options and holding shareholders' meeting. Tasks A, B, and D are based on Bebchuk(1988) and Aghion, Hart, ad Moore(1992). This paper adds Task C, the procedure of trading claims. Claims are in the form of options which are written on the new shares of the bankrupt firm. Trading options expedites the process of finding the value of the bankrupt firm, and also it mitigates the problem of incomplete capital market by expanding the pool of new investors.

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Evaluation of Power Wheeling Costs Based on the Economic Analysis Method (경제성 평가 기법을 이용한 전력탁송 요금의 계산 : 우편요금제를 중심으로)

  • Park, Jong-Bae;Lee, Won-Gu;Kim, Bal-Ho
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.49 no.5
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    • pp.199-204
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    • 2000
  • This paper presents new approaches for the calculation for the calculation of each user's wheeling prices based on the economic analysis method with focus on the postage stamp rule. The suggested postage stamp rules can overcome the following problems embedded in the conventional accounting-costs-based methods such as the volatileness of wheeling prices depending deprieciation methods, emerging the wheeling free-riders due to the difference between accounting life-time and technical life-time, price discrimination between firm and non-firm network users, etc. To solve these problems we suggest new postage stamp rules employing capital recovery factor for investment costs treatment and applying technical life-time. Furthermore, we have suggested a new formulation for non-firm wheeling users based on the wheeling energies. In the case study, the results of suggested postage stamp methodologies are compared with those of conventional approaches.

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The Perception and Attitude of Food Experts in New York city toward Korean Food - Assessed by In-depth Interviews of "Foodies"- (뉴욕 음식전문가들의 한식에 대한 인식과 태도 - 푸디스를 대상으로 한 심층인터뷰 -)

  • Choi, Ji-A;Lee, Jong-Mee
    • Journal of the Korean Society of Food Culture
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    • v.25 no.2
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    • pp.126-133
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    • 2010
  • The purpose of this research was to reveal how Korean food is currently perceived by the "foodies" of New York City and to determine what social status Korean food has in the city that is deemed the "Restaurant Capital of the World." In-depth personal interviews were performed to provide a deeper insight into the comments and subject matters. Most foodies selected kimchi and Korean barbecue as the most distinctive foods in Korean dining. Korean food's distinguishing traits were extracted in four areas: specific ingredients and tools, preparation procedures, and rules. Sensory characteristics, local adaptation, service, side dishes, and the main strengths and short-comings of Korean foods were investigated. Perception toward the taste of Korean food was generally positive, but poor quality of service and lack of organization in establishments were found to be negative factors.

Reappraisal of Feed-In Tariffs of Electricity Generating from New and Renewable Energy Sources (신.재생에너지원 발전전력 차액지원을 위한 현행 기준가격의 재산정)

  • Kim, Eun-Il;Kim, Keon-Hoon
    • 한국태양에너지학회:학술대회논문집
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    • 2008.04a
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    • pp.281-286
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    • 2008
  • Current feed-in tariffs(FIT) of Electricity generating from new and renewable energy sources are reappraised with the corrected formula of levelized generation cost(LGC) of utility power. The LGC of new and renewable electricity should be formulated in explicitly reflecting the capital cost and corporate tax during the economic life cycle based on its realistic application data. An applicable term of the FITs should, especially, be equal to the economic life cycle. The revised FITs issued in 2006 were, however, derived from the incorrect formula described in the study of KERI(Korea Electrotechnology Research Institute), and consequently misestimated. The reappraisal values for FIT of new and renewable electricity were shown and interpreted in this paper. An FIT of PV more than 30 kW, for example, should be 972.86 won/kWh instead of current 677.38 won/kWh increasing 43.6%. An upward revision of other FITs for new and renewable electricities should also be required in the range of 8.6% to 47.3%.

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GENERALIZED DIFFERENCE METHODS FOR ONE-DIMENSIONAL VISCOELASTIC PROBLEMS

  • Li, Huanrong
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • v.9 no.2
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    • pp.55-64
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    • 2005
  • In this paper, generalized difference methods(GDM) for one-dimensional viscoelastic problems are proposed and analyzed. The new initial values are given in the generalized difference scheme, so we obtain optimal error estimates in $L^p$ and $W^{1,p}(2\;{\leq}\;p\;{\leq}\;{\infty})$ as well as some superconvergence estimates in $W^{1,p}(2\;{\leq}\;p\;{\leq}\;{\infty})$ between the GDM solution and the generalized Ritz-Volterra projection of the exact solution.

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