• Title/Summary/Keyword: Policy reform

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External Finance and Productivity Growth in Korea: Firm Level Evidence Before and After the Financial Crisis (외부금융과 기업생산성 간 관계에 대한 실증분석)

  • Ahn, Sanghoon;Hahm, Joon-Ho;Kim, Joon-Kyung
    • KDI Journal of Economic Policy
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    • v.30 no.2
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    • pp.27-59
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    • 2008
  • This paper empirically investigates the finance-growth linkage in Korea by utilizing firm-level data of manufacturing industries before and after the 1997 financial crisis. We find that, first, an increase in external finance is associated with a faster subsequent capital accumulation of firms. However, this capital accumulation channel became relatively attenuated after the crisis. Second, the total factor productivity growth effect of external finance has been considerably weak both before and after the crisis. Third, the information production and industry restructuring effects of external finance have also remained weak after the crisis. The limited role of external finance in post-crisis Korea partially reflects sluggish corporate investment and weakening dependence of good credit firms on external finance. The evidence suggests that, in order to effectively sustain economic growth, further reform efforts may be required to strengthen resource allocation and corporate restructuring roles of financial markets and institutions.

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Present Status and Prospects of Horticultural Seed Industry (원예종묘산업의 현황과 발전전망)

  • Kim Byung Soo;Om Young Hyun
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.336-352
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    • 1998
  • The horticultural seed industry has made great progress in the last fifty years of its history after the independence of this country. The industry has accomplished self-sufficiency in major vegetable seeds and has even gained international competitive edge in certain crop seeds, particularly in hybrid cultivar development. However, the industry is facing a crisis at present coming from excessive competition among the domestic seed companies as well as the foreign currency crisis of the country. Several major seed companies have already been acquired by multinational corporations. Many people in the country as well as agriculturists are concerned about this situation. Although it is true that the industry is undergoing hard times, this crisis can be turned into a chance for making new progress depending on the joint efforts of the groups responsible, i.e., private companies, public institutions, and policy makers. Therefore, we have to turn this crisis into an opportunity for self-reform and progress. We should not be discouraged or give up. We Propose some ideas for the Progress of the seed industry. Public institutions and policy makers should do such things in cooperation as 1) training human resources for future breeders, 2) securing a wide range of genetic resources and improvement of the management system, 3) basic science research including biotechnology, 4) releasing breeding stocks from germplasm enhancement through use of exotic accessions, 5) support for breeding region- or use-specific cultivars, and 6) collection of foreign agricultural information for breeding cultivars for overseas markets. Eventually the responsible group for the final development of commercial cultivars, production, sales and management is private companies. Therefore, private companies also should have to do their best to develop competitive cultivars with a missionary spirit and endeavor for both domestic and overseas markets in cooperation with public institutions. Management based on competition, professionalism and rationalism is also urged. We are going to conclude with optimism that we can make a new vault of progress once the private and public sectors closely cooperate for the development of Korean horticultural seed industry by overcoming this crisis.

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A Research on Periodical Changes of Rural Houses of Korean-Chinese People in Yanbian Area, China - Focused on changes of floor plans - (중국연변지역 조선족 농촌주택의 시기별 변천에 대한 조사연구 - 평면의 변화를 중심으로 -)

  • Heo, Seong-Geol;Cho, Won-Seok;Byun, Kyeonghwa
    • Journal of the Korean Institute of Rural Architecture
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    • v.17 no.3
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    • pp.1-9
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    • 2015
  • The purpose of this paper is to analysis on periodical changes of rural houses of Korean-Chinese people residing in Yanbian area, China focused on periodical changes of floor plans according to Chinese government's policies and regulations influencing on rural houses. Changes of floor plans are classified into four periods; immigrating settled period, 1960-1970s, 1980-1990s, and after 2000. Total number of 67 cases were analyzed that data was collected 48 cases of literature studies and 19 cases of field study in Yanbian, China. The results are as followings. In immigrating settled period, floor plans of the rural houses have tended to be continued the pattern of the Korean traditional rural houses. Nevertheless China was changed socialism system, rarely floor plans were influenced by the system during this period. From 1960s to 1970s, the livestock and rural mechanization are influenced by the "People's Commune" policy. The "Barn" and "Mill" were converted into "warehouse". The residential part consists of one Jeongji (space mixed dinning and kitchen) and one to three of Ondolbang (room). From 1980s to 1990s influenced by the policies of "Cultural Revolution", "Birth Control" and "Chinese Economic Reform", the Korean traditional customs like "elders first" and "distinction between the male and female have been gradually vanished. Meanwhile, spaces of the rural houses have consisted of Jeongji, big Utppang (room), and warehouse. Each space is opened and mutual. Since 2000, influenced by the policy of a "new Socialist Countryside Construction", the bathroom and kitchen are added in interior spaces, the life style in rural houses has been changed as for both the sedentary style and western style.

Analysis on Expenditure Structures and Impact Factors of Household Transportation Cost (국내 가구 교통비의 지출 구조 및 영향요인 분석)

  • Han, Sang-Yong;Lee, Jae-Hun
    • Journal of Korean Society of Transportation
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    • v.28 no.2
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    • pp.33-43
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    • 2010
  • The objective of this paper is to analyze expenditure structures and impact factors of household's transportation cost in order to provide policy-maker with quantitative and economic information for reducing household's transportation costs, using 1995-2007 household survey data. For this purpose, this study performed various economic analysis, including econometric regression analysis and income re-distributional effects. The four models were separately estimated with dependent variable (personal and public costs, public transit and private car costs) and independent variables (family, employ, age, education, cars, household income, region dummy variable). In addition, We analyzes impacts of transport policy instruments on the transportation expenditure. These instruments include changes of oil price and public transit fare, reform of public transport system, and extension of subway facilities. Finally, income re-distributional effects before and after transportation expenditure, using Pechman-Okner (PO) index and Wolfson index.

Development and Limitation of Income Maintenance Policy after the Financial Crisis (외환위기 20년, 소득보장정책의 발전과 한계)

  • Kim, Kyo-seong
    • 한국사회정책
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    • v.24 no.4
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    • pp.151-184
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    • 2017
  • The purpose of this study is to investigate the development process and current status of income maintenance policies after the financial crisis, to sort out key issues or problems, and to explore future plans or directions that can overcome the limitation. In order to develop intensive argument, the scope of research is limited to the National Pension, Basic Pension, and the National Basic Livelihood Security System. The research also focused on two values of the 'universalism' and the 'adequacy' based on the 'SPF(social protection floor)' in the overall narrative process. Additionally, this paper briefly summarized the related contents released by the Moon Jae-in Government and presented an affirmative strategy and a transformational strategy centered on social allowance and basic income respectively, to establish an integrated income guarantee scheme. Although some improvements to the present system are also required, it is an effort to expand the practical effect of social benefits through the full and comprehensive reform of benefit structure and method.

Key Factors Affecting the Development of Public-Private Partnerships in Water and Wastewater Services in the Jiangsu Province, China

  • Oh, Jihye;Lee, Seungho
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.211-211
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    • 2022
  • The marketization reform from the open-door policy in 1978 was not only booming export-oriented industries with foreign investment but also expanding the role of private actors in the Chinese water sector. Private Sector Participation (PSP) has become an important element in developing urban infrastructure by providing better services with advanced facilities. The rapid development of PSP-driven urban water infrastructure in China has a positive impacted on Chinese economic development, particularly in coastal areas. PPPs in some coastal areas have successfully spread out over China since China applied the first Build-Operate-Transfer (BOT) mode in the water sector in the early 1990s. The market-oriented water and wastewater, Public-Private Partnership (PPP) mechanism in the initial period of China has been transformed into a state-dominated PPP mechanism. The development pattern of the water and wastewater PPPs in China has been divided in four stages: the first period from 1984 to 2002, the second period from 2003 to 2008, the third period from 2009 to 2014, and the last period after 2015. The study aims to investigate the successful process of water and wastewater PPPs in local areas through five socioeconomic elements: export-oriented economic strategy, urbanization, cheap land policy, infrastructure investment, and water issues and climate change. In addition, the study focuses on analyzing the extent to which the Chinese government re-asserted its control over the PPP mechanism by classifying five elements in three different development Phases from early 2000 to 2020. The Jiangsu Province in the estern coastal area has actively invited PPP projects in the water and wastewater sectors. The successful introduction and rapid growth of PPPs in the urban water infrastructure has made the province an attractive area for a foreign investor.

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The Effect of Competence on Organizational Performance in Special Hospitals and a Study on the Special Hospital System : Focused on the First Special Hospitals (전문병원의 역량이 조직성과에 미치는 영향과 전문병원제도에 관한 조사연구: 제1기 전문병원을 대상으로)

  • Ryu, Hwang-Gun;Jang, Won-Hyuk
    • The Korean Journal of Health Service Management
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    • v.9 no.1
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    • pp.1-16
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    • 2015
  • This study intended to measures for high performance and for identifying competitive advantages by examining the relation between the competence and performance of the first special hospitals for which the law has now been in effect for 3 years. Furthermore, the members of special hospitals were also surveyed on measures to improve the special hospital system in order to activate it. A total of 80 special hospitals participated in this study, and 171 people responded to a survey on the special hospital system. According to the results of the multiple regression analysis the relation between the competence and performance after establishing a hypothesis that special hospital competence would have an effect on organizational performance, member competence and hospital business management competence significantly had a positive (+) effect on internal performance, and marketing management competence significantly had a positive (+) effect on external performance, which partially supported this research hypothesis. Moreover, according to the results of survey on the special hospital system, the policy thought to be the most important by special hospitals was reasonable fee system reform, followed by granting incentives.

The Public Service Charter in the Republic of Korea : A Development plan for Government innovation (행정서비스헌장제도의 발전과 정부혁신)

  • Kim, Guk-Hyeon
    • Journal of Digital Convergence
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    • v.4 no.1
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    • pp.55-71
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    • 2006
  • The Public Service Charter is one of the administrative reform programs introduced to promote customer oriented administration. It's main purpose is to achieve citizens' confidence in the government by satisfying them with elevated quality of the public services. This study focuses on analyzing current conditions and achievements of the Public Service Charter in the Republic of Korea and proposing it's development plan. Since it was introduced to Korea in 1998, the Public Service Charter has been disseminated and contributed to the spreading of the citizens' understandings of the government's initiatives for customer satisfaction plans. Still, it has several problems as follows; A lot of public servants and citizens lack in understandings of this program. CEOs don't have enough concern in it. Evaluation is not organically connected to performance management. The correction and compensation procedure are not well operated. To solve these problems, the government needs to set up an institutional foundation establishing a legal base, uplifting CFO' concerns, and building a department with full responsibility, and to promote employees and citizens' participation through education and PR. It's also important to enhance post management by efficient evaluation and performance management, substantial correction and compensation procedure.

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Understanding and Utilization of NCS on International Trade Major in University Education (무역학전공 관련 NCS의 이해와 활용에 관한 연구)

  • KIM, Jae-Seong;PARK, Se-Hun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.69
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    • pp.721-740
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    • 2016
  • Recently Korea has stepped into a stage of sluggish development, and the unemployment of young people has become a major issue. Especially in 1998 IMF economic shock was influential in formulating government policy and social economic structure on employment. Restructuring now becomes everyday words and further restructuring is already under way. Owing to the growing economic crisis and resultant unemployment and initial appointment shall be considered conditional. Young job seekers are grappling with mastering their native language and unnecessary experiences. These unnecessary experiences are needless waste of time and money. Educational system in university may be affected by environmental changes in population of students and business crisis. Sometimes the departments made a very low rate of employment may be abolished or merged in university. The government will demand us in the work of reform by doing NCS. The government is now ask to teach, train and employ students on the basis of NCS especially in high-school, job training center, and college and university. NCS has advantages and disadvantages. NCS may reduce waste of time and money to make unnecessary experiences, provide standard course to prepare educational system. It will be a big help to adapt properly and make better employment system. The most negative element of the program is application to humanities and social sciences by the same standard with technology and engineering department in the university. Standardization of each educational course will not react quickly to rapidly changing situations in the future.

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A Study on the function and Management Models of American Homeowners Association for Introducing Residential Area Management System in Korea (거주지관리제도 도입을 위한 미국 주택소유자조합의 기능과 관리방식에 관한 연구)

  • Park, Kyoung-Ok
    • Korean Journal of Human Ecology
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    • v.15 no.4
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    • pp.691-701
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    • 2006
  • The purpose of this study is to find out a way to apply the strength of American homeowners association to Korean housing management system through literature review on the legal basis, organizational composition and functions, and management models of homeowners association. Following is distinctive characteristics of American homeowners association. 1) Homeowners association is a juridical entity which 'Condominium Act' obliges residents to join. 2) The board of directors is decision maker. The covenant, however, gives residents right to act in committees. 3) Homeowners association has self-governing functions such as management of common spaces, permission of new construction and taxation. 4) Types of management are volunteers' self-management, association-employed management, full agency management, and some mixed types. Residents pay management charge by month or by quarter. This study suggests as follow. 1) It is needed for Korea to legislate the law to regulate the management system of detached houses. 2)Management system of Korea can be more efficient with volunteers' committees for active participation. Above all, architectural control committee is essential in the circumstance that reform of apartment is popular these days. 3) The management entity is recommended to have some self-governing function to talk about taxation policy with local governments.

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