• Journal of Korea Trade
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• v.24 no.7
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• pp.54-72
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• 2020

Purpose - This study explores the contextual factors that affect the relationship between CEO overseas experience and firm internationalization. This study incorporates a wide range of contextual factors, including mega, macro, and micro variables. In particular, this study goes a step further from prior studies by incorporating a higher-order variable i.e., the global financial crisis that can constrain the managerial discretion of a CEO. Design/methodology - To structure the balanced data set before and after the 2008 global financial crisis, we used the data for the years from 2002 to 2014 from a sample of Korean manufacturing firms. Ultimately, 1101 firm-year unbalanced panel observations from 101 firms were used for the analysis. Findings - Our main findings can be summarized as follows. CEO overseas experience is positively related to firm internationalization. However, this relationship varies depending on the CEOs level of managerial discretion. As for the constraining moderation, the global financial crisis weakened the positive relationship between CEO overseas experience and firm internationalization. As for the enabling moderation, the CEOs tenure strengthened the relationship. Originality/value - This study adopted the knowledge, skills, and abilities (KSA) framework to explain the relationship between CEO overseas experience and firm internationalization. Moreover, we argue that the CEO-internationalization relationship depends on the specific context of the managerial discretion, focusing on the 2008 global financial crisis. Empirically, this study adopted the 2SLS procedure to correct endogeneity. Instead of taking the actual value of prior internationalization as a control, we estimated prior internationalization using the instrument variables at an industry level. This procedure made our estimation more robust.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.42 no.6
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• pp.887-892
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• 2022

Due to various reasons (normally financial constraints in developing countries), it becomes common to change of the business model from state-run projects to Private Investment Projects (Public Private Partnership) in the global railway businesses. However, due to the nature of railroads compared with other types of infrastructure such as roads and others, railway business require considerable construction cost and O&M cost through the business development, construction, and operation and management stages. Therefore, private investment railway projects, especially in developing countries, can be problematic in terms of the potential for uncertainty when return on investment cannot be guaranteed. In order to strengthen the competitiveness of domestic companies when entering overseas railroad PPP projects, this study proposes PPP-related risks and their countermeasures by reviewing global railroad trends and identifying Korea's weakness in managing international railroad projects.

• The Journal of the Convergence on Culture Technology
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• v.9 no.5
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• pp.801-807
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• 2023

This study aims to examine the cases of overseas experience programs centered around middle school students in South Korea and to derive implications for future overseas experience programs. To achieve this, data were systematically collected through search engines based on keywords, followed by comparative analysis. Frequency analysis, independent sample t-tests, and cross-analysis were conducted using SPSS 23. The research findings are as follows: First, the programs are operated nationwide, with a focus on smaller schools in various regions, and are particularly active in the Jeolla provinces. Diverse public funding, such as from the board of education and local governments, has been invested, categorizing operational costs into full financial coverage among others. The programs primarily took place in Southeast Asian countries close to South Korea. Second, the purposes of these middle school overseas experience programs largely encompass career exploration, cultural experiences, tourism, and sister school visits. We hope that school-based overseas career exploration programs are actively operated to provide opportunities for enhancing global competence and global citizenship, as well as exploring career paths.

• Korea Trade Review
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• v.45 no.6
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• pp.207-225
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• 2020

Korea has studied FTA over 20 years since FTA with Chile. More than 3,000 Articles have been published in journal so far. Thus, this study aims to present the direction that should be taken by Korean FTA study by using Meta-Analysis for FTA study which has been carried on so far. Many researchers publish several articles each year, showing high quotation index and H-index. However, Korean FTA study lacks network with overseas researchers and fusion study with other sciences. 65.4% of Korean FTA study is carried on Independent research and 91.1% of them, in joint research by fewer than 2 persons. Further, the Subject of FTA study is not diverse and too uniform. Out of total studies, 24.3% of them are related to rules of origin and 15.3% of them, to China, showing that theme of study is quite partially concentrated. This is large difference with overseas FTA study. Study on rules of origin is only 1.5% in overseas. Korean FTA study needs to diversify subjects of study and to balance between academic aspect & practical aspect. When it comes to study methodology empirical analysis assumed large portion in both Korea and overseas countries. Empirical analysis assumes 18.3% in Korea and 47.3% in overseas, both of which are quite high. However, qualitative study such as FGI/AHP, in-depth interview, case analysis is quite rare in Korean FTA study. Partial concentration of countries for study subject needs to be rectified also. In Korea, countries for FTA study is China 15.3%, EU 10.0%, USA 6.3%. In overseas, China assumes only 3.7% of study subject. It is required for Korean FTA study to extend study subjects & study area by forming global study network and to extend qualitative study with microscopic study.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.8
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• pp.215-225
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• 2016

This study seeks to find an alternative to the requirement for proving the competitiveness of Korean performing arts before entering into the overseas market by deriving the factors causing entry into the market to be delayed based on an analysis of the current status. Between 2007 to 2014, the overseas revenues from Korean performing arts increased by 16.4% compared to the total amount of financial support, as the number of free performances given overseas and the average guaranteed number of performances overseas are both at a standstill. Also, the size of the audience increased by a mere 3.3 times, which is an even lower growth rate than that for the number of performances, 3.8 times, during the same period. Furthermore, the audience size per unit is suffering from long-term stagnation. The main causes are as follows: 1) applying one-dimensional methods to performing arts exchanges and expanding the overseas market, 2) the existing confused concepts between profit and non-profit contents, 3) the weaknesses of the market expansion strategy, because of programming practices focusing on providers, such as presenters and producers, rather than consumers. As a result, the necessary basic research, including consumer surveys, has not been done yet. In order to understand the implications of this analysis and solve the problem of the delayed overseas expansion of Korean performing arts, the Korean wave industry was examined as a representative example. Consumer surveys for the performing arts, possibly benchmarked to the "Korean Wave Consumer Survey Index (KWCSI)", are expected to be done in the near future. In addition, through the development of a specific consumer index of the performing arts, customized marketing strategies by continent and country need to be established. This empirical study of the overseas expansion of performing arts can be utilized as a bridge between the academic and real worlds. This work may also enable a variety of strategies to be established for the overseas expansion of the performing arts.

• Journal of Korea Technology Innovation Society
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• v.11 no.1
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• pp.23-45
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• 2008

The object of this study is to present a strategy against technology protectionism of advanced countries focusing on international cooperation policy of KIPO and infringement of overseas intellectual property rights on the notion that a policy performed without a long-term plan will not lead to industrial growth in the long run. There is a high possibility that aggressive patent policy and black box strategy of Japanese enterprise can be a burden to Korean enterprises. Thus, a policy should be established against the technology protectionism. The policy can be based on a strategy about international cooperation policy of KIPO and strategy against infringement of overseas intellectual property rights. Of course, collaboration and cooperation will be activated among the advanced countries including technical cooperation. However, a systematic strategy of intellectual property rights should be focused on international cooperation and countermeasure against infringement of overseas intellectual property rights because national interest takes precedence over any other interest especially in case of strategically owing industry. A strategy against technology protectionism of advanced countries is as follows. A strategy is required to cope with infringement of overseas intellectual property rights. Korean government has to strengthen the function of overseas intellectual property rights protection center, strengthen boundary restriction of infringement goods, promote international dispute study, train international dispute specialist, construct confidence as social capital etc. Enterprises have to maintain no Patent no Future policy, specialize on application and countermeasure against infringement dispute, participate for formation and standardization of patent pool, strive for specialization regarding technical transfer and license management.

• Korean Journal of Construction Engineering and Management
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• v.15 no.5
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• pp.22-30
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• 2014

This study undertakes a comparative analysis of the correlation between the condition of the domestic construction market and the expansion of overseas projects within construction companies, based on the vector error correction model. The analysis results verified that, in the post-IMF crisis period, domestic construction companies took on more overseas projects only when the residential construction market slowed down. Compared to the pre-crisis period, construction companies grew more responsive to the condition of the domestic market for residential construction, and they took on more overseas construction projects when the domestic market slumped. This is because the business portfolios of Korean construction companies' render them highly vulnerable to the condition of the residential construction market. When the domestic residential market slows down, the business condition of construction companies quickly takes a turn for the worse, and to cope with this, they turn to overseas projects to compensate for the slowing of the domestic market. As the analysis shows, expanding overseas construction projects as a way to turn around business condition amid a slow residential construction market actually undermines the management of the companies even further. In other words, shifting business focus toward an overseas market during a hard time might be useful for securing cash flow, but might not help to restore profitability. Thus, construction companies need to carefully manage their level of business diversification to ensure strategic flexibility.

• Journal of the Korea Institute of Building Construction
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• v.16 no.3
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• pp.257-269
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• 2016

Joint overseas expansion could contribute domestic large enterprises and small/medium-sized enterprises to expand overseas construction market by complementing each other's vulnerabilities and weaknesses. To invigorate it, not only does mutual effort between both parties matter, but also providing motivation such as institutional incentives and compensations are important for inducing large enterprises to voluntarily expand overseas construction with small/medium-sized enterprises. However, institutional systems exist only to promote win-win growth limited to domestic construction except for overseas construction. Therefore, the purpose of this study is to establish cooperation evaluation system between domestic large enterprises and small/medium-sized enterprises for invigorating joint overseas expansion by evaluating large enterprises cooperation efforts, and offering incentives to some enterprises gaining a good grade. The developed system could contribute to effectively promote win-win growth by providing institutional guidelines. In other words, The government could induce large enterprises cooperation efforts to some parts which small/medium-sized enterprises need, and large enterprises could selectively and intensively support insufficient cooperation part based on the evaluation result.

• Journal of the Korea Institute of Building Construction
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• v.18 no.4
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• pp.375-384
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• 2018

Due to the downturn in the local construction business, entry into the overseas markets has been regarded as one of the core tasks of the building sector and the government. Thus, entry into overseas markets, not only by large and middle-standing enterprises, but also by small and medium sized enterprises, has recently become a major construction policy. Therefore, this study identified and evaluated overseas construction support policies in the field of construction engineering, ranked them as the policies for developing market development funds, fostering and educating expert workers, and supporting the provision of information on winning orders. Through these policy assessment results, the study proposed improvement measures from the government and from the business side. As for the government viewpoint, a measure of providing information suited to engineers in design companies, project manager (PM), construction manager (CM), a measure of producing skillful workers through the expansion of education support policies, and the promotion of specialized overseas workforce in the construction engineering sector were proposed. In the construction engineering industry, this study suggested measures for securing global expert manpower, sharing performance of overseas construction market development project, strengthening construction project management capacity, and strengthening risk management.

• Journal of radiological science and technology
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• v.31 no.2
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• pp.191-198
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• 2008

This study investigated the realities of information acquirements and its requirements in the overseas employment and domestic connected education for students at the department of radiation in order to provide basic information for developing the standard educational curriculum for future internationalization in the education of radiation and presenting its direction. The investigation implemented in this study was performed through a questionnaire with 688 students enrolled in the department of radiation. The conclusion of the investigation is summarized as follows : The answers for the question of 'No acquirements in the information of the overseas employment and connected education for radiological technologists' were 487 students (70.8%), and the reason that 'There are no chances in related education' was the highest rate, 424 students (61.6%), of the answers. In the education for the overseas employment, the answers for the question of 'Select a connected education program in school instead of study abroad' were the highest rate, 436 students (63.4%). The most concerned country for the overseas employment was 'Australia', 247 students (35.9%). As a result, answers for the interest, participation, need, and hope for the overseas employment showed high rates even though they demonstrated a low recognition level in the overseas employment. In addition, it is necessary to strategically plan an education program for this issue because all participants agree with the current stream.