• 패션비즈니스
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• 제23권6호
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• pp.116-126
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• 2019

South Korea is known for its major manufacturing capabilities in semi-conductor, automobile, and IT industries. However, little is known about the competitive capabilities of South Korea's textile industry. The present study presents information about how Korean textile firms build their competitive capabilities on multiple fronts. Through a case study of two businesses operating in the South Korean textile and apparel industry, this paper illustrates a series of competitiveness enhancing initiatives, starting with the implementation of radio frequency identification (RFID). The main contribution of this article is the focus on how the interdisciplinary nature of the textile and apparel industry can benefit from and optimize the use of Information Technology through sustained efforts on multiple fronts. This study suggests that Korean textile firms approach their competitive capabilities in terms of strategic direction, innovative priorities, and operational focus. In the competitive global business environment, this could be the solution for the textile and apparel industry, by helping for the survival in the upcoming information age. Specifically, by adopting RFID-based SCM, firms can gain a competitive capability that promises sustainable growth in the future.

• 통상정보연구
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• 제7권4호
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• pp.135-156
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• 2005

Since July 7 mutual declaration in 1988 which is a landmark for South-North Korean relations, Inter-Korean Trade has been set out. During the period, the Inter-Korean Trade has been ups and downs depending on the Inter-Korean relations and economic situation of both countries. South Korea became one of the major three trading countries of North Korea's trading partners in 2000, when the sum of annual trade volume reached the record 425million US dollars. A rapidly increasing number of countries including North Korea are developing national policies and strategies to promote the digital economy, recognizing the potential benefits of e-business as an engine of growth and development. However, the trade structure of South-North Korea remains very simple in terms of its contents. Furthermore trade procedure many limitations especially electronic commerce in North Korea has many obstacles to working properly. The information in Inter-Korean trade cannot be shared in common. South Korean firms have suffered repeatedly trial and error and excessive competition took place among South Korean firms. Institutional inertia related to mutual trade, political and military Impacts on Inter-Korean economic relations, abnormal industrial structure of North Korea and insufficiency of SOC could be mentioned as major problems in Inter-Korean trade as well. Several measures should be taken in order to cope with those problems. First of all, South Korean government should provide valuable information to business firms about North Korean economy and business environments. It is suggested that forums related to inter-Korean trade hold in regular base between South and North Koreas and establish the system of business information sharing. Second, the government should improve various laws and regulations to respond to the realistic needs of inter-Korean trade. That is, detailed measures should be taken to guarantee investment in electronic commerce. Third, it is desirable to start with the mutual agreement between South and North Korea.

• East Asian Economic Review
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• 제26권4호
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• pp.257-277
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• 2022

Does servitization improve manufacturing firms' performance, and in what condition? Following the seminal work of Crozet and Milet (2017), this study analyzes disaggregated firm-level data that covers 40,000 South Korean manufacturing firms surveyed by the Survey of Business Activities of Korea. We compute firm-level servitization intensity with available sales data of each firm by two-digit SIC sub-sectors. We find two novel empirical regularities: Korean servitization intensity distribution shows a very different shape from the French benchmark; Servitized firms tend to perform higher profitability and higher productivity than non-servitized firms.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.737-743
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• 2005

Since the designation of the South Korean Construction industry as an open market industry by the World Trade Organization (WTO) in 1994, South Korea's construction firms were exposed to competition from firms of other advanced countries. Increased competition in the industry raised quality of production and lowered the cost of construction projects. Therefore, many big construction projects were planned and constructed with foreign construction partners during the last decade. Also, from those projects the South Korea Construction industry accumulated experience in and knowledge of both project management and construction management perspectives. However, in the process of conducting those big projects, many problems - specifically responsibility and the limit of competence - occurred between foreign construction partners. Hence, this study attempts to improve its role model that is for local and foreign companies to enter into Joint Ventures in the South Korea construction industry.

• Asia pacific journal of information systems
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• 제33권1호
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• pp.83-102
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• 2023

This study examines the impact of strategic technological innovations (e.g., adoption of fourth industrial revolution (4IR) technologies) on firms' productivity. To estimate the heterogeneous effects of innovation efforts on firms' labor productivity, this paper employs a quantile regression model and calculates higher moments of the empirical distributions. This study uses data from 11,654 Korean firms that responded to surveys in 2017 and 2018, comprising 23,308 observations. Our empirical results find that 4IR technology adoption has a significant impact on labor productivity for firms across all quantiles, while the estimates of 4IR technology adoption coefficient on labor productivity are much larger in upper quantiles. This estimated impact of adopting 4IR technology on labor productivity at the upper quantile differs compared to the estimated impact of another innovation strategy, or internal R&D. Notably, adopting 4IR technology increases the median labor productivity of firms and the kurtosis of its distribution. Thus, firms that adopted 4IR technology show labor productivity gains more consistently than those that did not, with few outliers.

• 경영과정보연구
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• 제31권3호
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• pp.161-184
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• 2012

본 연구의 목적은 한국과 미국의 회사정리종결기업들의 종결이후의 성과를 주식성과의 관점에서 비교하고, 이들 기업의 회계정보가 한국과 미국의 주식시장에서 어떻게 반영되는지를 비교분석하는데 있다. 본 연구의 주요 결과는 다음과 같다. 첫째, 동종 기업과 비교한 누적초과수익률에 있어서 두 국가의 회사정리종결기업들은 회사정리 종결 이후에 시간이 경과함에 따라 완전히 다른 양상을 보인다. 시간이 경과함에 따라 미국기업들은 Chapter 11을 종결한 이후의 주식성과는 점차 개선되지만, 우리나라의 회사정리 종결기업들의 주식성과는 악화되어 간다. 이를 통해 우리나라의 회사정리제도는 회사정리종결의 지속가능성을 높여주는데 취약하다고 해석할 수 있다. 둘째, 회사정리종결이후 장기적(종결월 +36개월)으로는 양국 모두에서 회사정리종결 기업의 회계 정보가 이들의 주식성과에 체계적으로 영향을 주지 못하는 것으로 나타났다. 본 연구가 비록 우리나라와 미국 간의 비교분석에 국한되었지만, 미국의 Chapter 11 종결기업에 비해서 우리나라 회사정리종결기업은 계속기업으로서의 경쟁력에 문제가 존재한다고 판단된다. 또한 회사정리종결을 통한 기업의 개선이 주식시장에서는 크게 신뢰받지 못한다는 점은 향후 우리나라 회사정리제도의 제도개선에 중요한 시사점을 제공한다고 할 수 있다.

• 통상정보연구
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• 제12권4호
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• pp.25-45
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• 2010

The objective of this paper is to review the mechanics of how global e-trade practices can affect a firm's performance. It is well known that the introduction of global e-trade systems can save transaction costs at the macro level. However this study is extended at micro level by determining whether global trade transaction costs influence positively or negatively in exporting firms performances at firm level. A theoretical framework is suggested for determining the usage and performance of global e-trade with the global e-trade barriers. An empirical analysis of South Korean exporting firms has been undertaken. This paper concludes that the global e-trade has yet to overcome the barriers resulting from the transaction costs and asset specificity. In this regard, appropriate action like intensive education and training program should be implemented in order to make South Korea's global e-trade more matured.

• 한국IT서비스학회지
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• 제17권1호
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• pp.33-45
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• 2018

Recently, many South Korean firms have suffered financial losses and damaged corporate images from the data breaches. Accordingly, a firm should manage their IT assets securely through an information security investment. However, the difficulty of measuring the return on an information security investment is one of the critical obstacles for firms in making such investment decisions. There have been a number of studies on the effect of IT investment so far, but there are few researches on information security investment. In this paper, based on a sample of 76 investment announcements of firms whose stocks are publicly traded in the South Korea's stock market between 2001 and 2017, we examines the market reaction to information security investment by using event study methodology. The results of the main effects indicate that self-developed is significantly related to cumulative average abnormal returns (CAARs), while no significant effect was observed for discloser, investment characteristics and firm characteristics. In addition, we find that the market reacts more favorably to the news announced by the subject of investment than the vendor, in case of investments with commercial exploitation. One of main contributions in our study is that it has revealed the factors affecting the market reaction to announcement of information security investment. It is also expected that, in practice, corporate executives will be able to help make an information security investment decision.

• 한국지역지리학회지
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• 제14권5호
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• pp.521-535
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• 2008

조선산업은 한국을 대표하는 기간산업으로 성장해 왔으며, 지리적으로는 경남과 울산 그리고 부산을 포함하는 동남권에 절대적으로 집중되어 있어 동남권 전체가 하나의 조선산업 클러스터로 기능하고 있다. 동남권의 조선산업은 집적지의 유형 측면에서 소수의 대기업을 중심으로 이들에게 부품을 공급하는 다수의 중소기업들이 밀집되어 있는 발전된 허브-스포크형 클러스터 형태를 띠고 있다. 특히 동남권 조선산업 클러스터는 남동 해안 입지를 중심으로 집중되어 있으면서도, 해안 입지를 반드시 필요로 하지 않는 조선 기자재 부품 산업의 발달에 따라 점차 동남권 내륙지역으로 입지가 확산되는 양상을 보이고 있다. 경남지역 조선업체들을 대상으로 조사한 결과, 조선업체들은 지식, 학습, 네트워크, 혁신 등의 신 경제지리적 요소보다는 물적 인프라, 토지, 노동, 공급자와의 연계 등의 전통 경제지리적 요소를 보다 중요한 입지 요인으로 고려한 것으로 나타났다. 또한, 경남의 조선산업 입지 여건에 대해서는 집적경제에 따른 시너지 효과, 고객과의 근접성, 지역의 삶의 질 등은 상대적으로 높게 평가한 반면, 지자체 지원, 산학연 네트워크, 학습 기회, 인력 수급, 산업 용지 확보 측면에서 낮게 평가하고 있는 것으로 나타났다.

• 아태비즈니스연구
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• 제12권3호
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• pp.37-50
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• 2021

Purpose - This study aimed to examine the behavior surrounding the Initial Public Offering (IPO) event of firms within the same conglomerate and the impact of under-pricing and Return on Equity(ROE) on a firm's abnormal stock returns. Design/methodology - This study collected data from 166 South Korean Chaebols, consisting of 355 firms distributed as 202 listed on Korea Composite Stock Price Index (KOSPI) and 153 firms listed on Korean Securities Dealers Automated Quotations (KOSDAQ) from 2000 to 2020. The Capital Asset Pricing Model (CAPM) and the multiple regression analysis were hired to analyze the data. Findings - First, we found an adverse price reaction of IPO listing in the same chaebol group, and firms with higher under-pricing affect other firms' stock prices more adversely within the conglomerate. Next, we explored a negatively significant relation between ROE and the chaebol firms' stock returns during IPO events. Research implications - The novelty of this study is there are not many empirical studies on the impact of IPO within a conglomerate. So, the findings of this study contribute to the literature for analyzing stock's abnormal returns within a conglomerate.