• Title/Summary/Keyword: The North Korean market

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A Study on Network Construction Strategies for Long-Haul Low-Cost Carrier Operations

  • Choi, Doo-Won;Han, Neung-Ho
    • Journal of Korea Trade
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    • v.25 no.8
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    • pp.57-74
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    • 2021
  • Purpose - This study aims to analyze the characteristics of network construction by Norwegian Air and AirAsia X, which are recognized as leading airlines in the long-haul LCC market. Based on this analysis, this study intends to provide implications for networking strategies for Korean LCCs that seek to enter the long-haul market when the aviation market stabilizes again upon the end of the COVID-19 pandemic. Design/methodology - To conduct the network analysis on long-haul low-cost airlines, the Official Airline Guide (OAG) Schedule Analyzer was used to extract long-haul data of Norwegian Air and AirAsia X. To analyze the trend of the long-haul route network, we obtained the data from 3 separate years between 2011 and 2019. The network was analyzed using UCINET 6.0 in order to examine the network structure of long-haul low-cost airlines and the growth trend of each stage. Findings - Analyzing the network of long-haul routes by visualizing the network structure of low-cost carriers showed the following results. In its early years, Norwegian Air's long-haul route network, centering on regional airports in Spain and Sweden, connected European regions, the Middle East, and Africa. As time passed, however, the network expanded and became steadily strong as the airline connected airports in other European countries to North America and Asia. In addition, in 2011, AirAsia X showed links to parts of Europe, such as London and Paris, the Middle East and India, and Australia and Northeast Asia, centering on the Kuala Lumpur Airport. Although the routes in Europe were suspended, the network continued to expand while concentrating on routes of less than approximately 7,000 km. It was found that instead of giving up on ultra-long-haul routes such as Europe, the network was further expanded in Northeast Asia, such as the routes in Korea and Japan centering on China. Originality/value - Until the COVID-19 pandemic broke out, Norwegian Air actively expanded long-haul routes, resulting in the number of long-haul routes quintupling since 2011. The unfortunate circumstance, wherein the world aviation market was rendered stagnant due to the outbreak of COVID-19, hit Norwegian Air harder than any other low-cost carriers. However, in the case of AirAsia X, it was found that it did not suffer as much damage as Norwegian Air because it initially withdrew from unprofitable routes over 7,000 km and grew by gradually increasing profitable destinations over shorter distances. When the COVID-19 pandemic ends and the aviation market stabilizes, low-cost carriers around the world, including Korea, that enter the long-haul route market will need to employ strategies to analyze the marketability of potential routes and to launch the routes that yield the highest profits without being bound by distance. For stable growth, it is necessary to take a conservative stance; first, by reviewing the business feasibility of the operating a small number of highly profitable routes, and second, by gradually expanding these routes.

Japan's implication & strategy to the TSR corridor (TSR에 대한 일본의 전략과 시사점)

  • Park, Eun-Kyung
    • Proceedings of the KSR Conference
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    • 2008.11b
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    • pp.1839-1852
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    • 2008
  • Japanese government actively took part in the TSR modernization. the amount of trade between Russia & Japan increased increasingly by 55%, as the individual income increases in Russia, it becomes a big scale consuming market, therefore Japan concentrates on lobby to push into the russian continent and also Japanese government will participate in aggressively to the cooperation with Russian government, loaning to the TSR modernization & trade insurance, high speed train introduction, and introduction of transport system. this study checks and analyzes the japan's concrete methods & strategy to advance to the continent, and also this case can be applied to South korea, if TKR corridor is continuously blocked. I want to review the cooperation of north & south, and the project of continental railways.

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A Study on the Changing Connectivity of Pedestrain Network Using Space Syntax - Focussing on Restoration of Cheonggyecheon - (Spacee Syntax를 이용한 보행자 네트워크 연결성 변화연구 - 청계천복원사업을 중심으로 -)

  • Kim, Tae-Ho;Park, Ju-Won;Ko, Young-Sun;Park, Je-Jin
    • International Journal of Highway Engineering
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    • v.11 no.2
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    • pp.55-66
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    • 2009
  • This study examines the consequent impact which Cheonggyechoen restoration project of Seoul makes on pedestrian network structure around the inner city, especially in terms of sustainable developments and the city's balanced development. It identifies variation of Global Integration and Local Integration of the pedestrian networks which is compared by before and after conditions with east-west and south-north walking axis by using Space Syntax. The results show respectively different set of Global and Local Integration. First, Global Integration shows high performance along the east-west axis, while pedestrian spatial networking is balancing through Donhwamunno and Samillo. Second, Local Integration illustrates both performance along both the east-west axis and the south-north axis after restoration of network. It is primarily concentrated in Taepyeongno$\sim$Samillo section(business and commercial-centered) before the restoration. In addition, total integration is holistically improved while the networking in Samillo$\sim$Baeogaegil section(the instrument shopping streets) if almost same as one another Moreover, in Baeogaegil$\sim$Dongdaemun Stadium section(market-centered), the connectivity of Cheonggyechoenro is improved after the restoration. All in all, Cheonggyechoen restoration project of Seoul allows traffics to be equally accessible from the east-west axis and the south-north axis and contributes to the connectivity improvement of the east-west axis as well as the south-north axis.

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Railway carbody analysis technology development for application Europe crashworthiness standard. (유럽 충돌안전도 규격 적용 철도차량 차체 해석 기술 개발)

  • Jeong, Ji-Ho;Park, Hyung-Soon;Park, Guen-Soo;Lee, Jang-Wook
    • Proceedings of the KSR Conference
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    • 2006.11b
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    • pp.231-237
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    • 2006
  • Recently railroad industry pulls a new interest with stability, fixed time characteristic, low environment pollution characteristic and mass transportation characteristic. With industrial development railroad it joins in, The many research and regulation production are coming to do. Specially like this activities are coming to be advanced actively from North America and Europe. From viewpoint of railway car production company, The vehicle production that a suitable Europe standard is essentiality for find a Europe market that The whole vehicle consuming hold it does a most big specific gravity. From this study, developed finite element model for analysis technology about crashworthiness of inside GM/RT 2100 standard and analyzed crash results.

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Research on Cross-Border Contract Rules in the North-East Asia Interconnection Market (동북아 연계 시장의 거래 제도)

  • Kim, Yu-Chang;Lee, Sang-Sung;Park, Jong-Keun;Lee, Seung-Hun;Osawas, Masaharu;Moon, Seung-Il;Yoon, Yong-Tae
    • Proceedings of the KIEE Conference
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    • 2006.11a
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    • pp.177-179
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    • 2006
  • 현재 전세계적으로 공급 안정성과 전력 신뢰도 및 품질을 높이는데 국가간 연계가 하나의 대안으로 떠오르고 있다. 특히 동북아 전력연계는 정치적 또는 경제적 제약들 때문에 연계가 이루어지지 못하고 있다. 향후 동북아 전력계통 연계를 고려해 볼 때 국가간 계통 상황 및 효율적인 방안을 분석하여 합당한 거래 제도를 수립할 필요가 있다. 본 논문의 목적은 현재 각국의 전력 거래제도를 분석하여 동북아 전력연계시장에 맞는 거래제도를 제시하는 것이다. 서론에서는 동북아 연계의 의의를 알아보고, 현재까지 진행된 동북아 연계방안에 대한 자료조사를 바탕으로 조사연구들에 대한 특징을 간략하게 알아본다. 본문에서는 동북아 각국의 시장 상황과 세계 각국의 전력 연계 시장에 대해 살펴보고 현재 동북아 시장에 알맞은 연계 시장의 거래제도를 제시하고자 한다. 마지막 결론에서는 동북아 전력계통 연계 시 현재와 미래상황에 맞는 연계 시장의 거래제도를 제시하고자 한다.

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A Study on Determinants of Korean SMEs' Foreign Direct Investment in Gaeseong Industrial Complex & Vietnam (중소기업의 개성공단 및 베트남 직접투자 결정요인 연구)

  • Cho, Heonsoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.4
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    • pp.167-178
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    • 2021
  • The purpose of this study is to analyze the direct investment decision factors in the Kaesong Industrial Complex and Vietnam, and to contribute to the creation of domestic jobs and the revitalization of the inter-Korean economy. According to the analysis, most of the Kaesong Industrial Complex and Vietnamese investment companies are entering the complex for the purpose of utilizing cheap labor, cheap factory locations, sales/development of local markets, and bypass export production bases in third countries. This can be divided into production-efficient investors using differences in production price such as labor costs and market-oriented investors to sell and expand the local market, which seems to be consistent with global direct investment patterns such as Nike, Apple, and Amazon. However, even if the North Korea-U.S. denuclearization talks ease or lift sanctions, Vietnamese investors' willingness to invest in the North Korea has been most burdened by the possibility of closing special economic zones due to political risks. Last but not least, it is important to note that those willing to invest in North Korea are mostly smaller enterprises in textiles, sewing, footwear and leather industries-those that benefit from low-cost labor. Since their size is small, they need policy support in financing, especially in the early stages of their business. Even after they grow past the early stages, those without collateral would still need state guarantee letters to get financing. Thus, it is worth considering to use the Inter-Korean Cooperation Fund to compensate commercial banks for bad loan loss or for low-interest loans for smaller SMEs. The interviews with SMEs found that red-tape is one of the biggest difficulties they face. Thus, it is recommended that a one-stop service agency should be established to cover all processes and issues related to inter-Korean economic cooperation to eliminate redundancy and expediate government support for SMEs.

Sustainable animal agriculture in the United States and the implication in Republic of Korea

  • Inkuk Yoon;Sang-Hyon Oh;Sung Woo Kim
    • Journal of Animal Science and Technology
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    • v.66 no.2
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    • pp.279-294
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    • 2024
  • Agriculture has played a significant role in the national economy, contributing to food security, driving economic growth, and safeguarding the dietary habits of the population. Korean agriculture has been compelled to focus on intensive farming due to its limited cultivation area, excessive input costs, and the limitations of agricultural mechanization. In the Republic of Korea (R.O.K), the concept of environmentally friendly animal agriculture began to be introduced in the early 2000s. This concept ultimately aims to cultivate sustainable animal agriculture (SAA) through environmentally friendly production practices, ensuring the healthy rearing of animals to supply safe animal products. Despite the government's efforts, there are still significant challenges in implementing environmentally friendly agriculture and SAA in the R.O.K. Therefore, the objective of this review is to establish the direction that the animal agriculture sector should take in the era of climate crisis, and to develop effective strategies for SAA tailored to the current situation in the R.O.K by examining the trends in SAA in the U.S. The animal agriculture sector in the U.S. has been working towards creating a SAA system where humans, animals, and the environment can coexist through government initiatives, industry research, technological support, and individual efforts. Efforts have been made to reduce emissions like carbon, and improve factors affecting the environment such as the carbon footprint, odor, and greenhouse gases associated with animal agriculture processes for animals such as cattle and pigs. The transition of the U.S. towards SAA appears to be driven by both external goals related to addressing climate change and the primary objectives of responding to the demand for safe animal products, expanding consumption, and securing competitiveness in overseas export markets. The demand for animal welfare, organic animal products, and processed goods has been increasing in the U.S. consumer market. A major factor in the transformation of the U.S. animal agriculture sector in terms of livestock specifications is attributed to environmentally friendly practices such as high-quality feed, heat stress reduction, improvements in reproductive ability and growth period reduction, and efforts in animal genetic enhancement.

Changes in North Korea's Financial System During the Kim Jong-un Era - Based on North Korean Literature (김정은 시대 북한의 금융제도 변화 - 북한 문헌 분석을 중심으로 -)

  • Kim, Minjung;Mun, Sung Min
    • Economic Analysis
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    • v.27 no.4
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    • pp.70-119
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    • 2021
  • This paper analyzes the changes in financial reform during the Kim Jong-un era based on North Korean literature. We find that North Korea has systematically and functionally separated the central bank from commercial banks since the Kim Jong-un era began. In addition, enterprises have been allowed to withdraw cash from bank accounts and make inter-enterprise cash payments. In other words, nowadays non-cash currencies with passive money can partially serve as active money with purchasing power. With the systematic and functional separation of the central bank and the commercial bank, the issuance of the central bank changed to a money supply method through the commercial bank, and changes in the currency distribution structure have allowed commercial bank's credit creation function to be implemented. This means that the banking system and the monetary·payment system of the socialist planned economy are changing in the way of the market economy. Reforms in the financial sector are believed to have been necessary to support changes in the economic system and to restore the function of the public financial sector. These changes have progressed in terms of the level of reform, but they are still considered similar to the period of the former Soviet Union's Perestroika or to the early period of China's reform and opening. Although North Korea's financial reform is superior in terms of enacting the banking law, it is insufficient in terms of realizing the functions of commercial banks. In addition, it is assessed that institutional constraints such as maintaining a planned economy, and the lack of confidence in public finances limit the effectiveness and development of the financial system. It should be noted that these results are based on literature published in North Korea. In other words, there is a limit in the fact that such recent changes have been carried out on a trial basis in some areas, or have been carried out in a full-scale manner with a blueprint, since Kim Jong-un's inauguration.

Development of EDI Model in the Port and Logistics Industries (항만물류산업에서 업체별 EDI 활성화 모형개발)

  • Shin, Chang-Hoon;Kim, Yul-Sung;Song, Jae-Young
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • v.29 no.1
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    • pp.369-375
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    • 2005
  • The rapid growth of economy in china leads to concentrate throughput volume of World to North East Asia. Ports in North East Asia have to cope with rapid changes in environments. In order for a port to compete in the global market, it must provide proper productivity and promptly services of port. The system of information hold a key in port-logistic industries. Most ports make every effort to set up and operate the system of Information. Busan port already set up the system of port-logistic information such as Port-Mis, KROIS. But it is not activate yet because of problems of security and certification and so on. The purpose of this paper is to make Model which can activate the system of port-logistic information. In addition to, We suggest definite and feasible model by group and types of port-logistic industry.

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An Empirical Study on Improving Competitiveness of Korean Shipping Industry (한국 해운산업의 경쟁력강화 정책방안에 관한 실증연구)

  • Lee, Choong-Bae;Noh, Jin-Ho
    • Journal of Korea Port Economic Association
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    • v.26 no.3
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    • pp.259-278
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    • 2010
  • This study analyzes the achievement of the shipping policies and the priority for the promotion of such policies, in order to consider the features of the shipping industries in Korea and other advanced shipping countries and manage the rapidly changing shipping environment actively. Based on such analysis, this study also discusses the promotional strategy to strengthen the international competitiveness of the shipping industry. Regarding the promotion of the related policies, it is necessary to establish a base for growth, strengthen a capacity of leading the market, and create an opportunity in the market. By considering such three factors, it has become known that the establishment of the market order is important for the establishment of a base for growth. It is important to consider the advancement of the shipping tax system. Also, the information-orientation and the knowledge-industrialization of the shipping industry need to be considered. In order to strengthen a capacity of leading the market, the stable security of the labor force in the shipping industry is the most important factor. Also, it is important to consider the development and the upbringing of the global mega career and the shipping business. Regarding the creation of an opportunity in the market, it is important to expand the range of the shipping exchange between South Korea and North Korea, which will influence the administrative and the operative results related with the promotion of the related policies.