• Journal of Korea Port Economic Association
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• v.34 no.3
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• pp.133-158
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• 2018

The role and ratio of national vessels in the global container shipping market have reduced significantly due to the bankruptcy of Hanjin Shipping in early 2017. All import-export companies, as well as container ports in Korea, are facing a crisis. The Trump's tariff and trade battles have had a negative impact on the increase in the North American cargo. However, Chinese and Japanese container shipping companies, which merged with domestic container shipping companies, and mega carriers such as Maersk and CMA CGM have benefited from the decline in shipping supplies due to the collapse of Hanjin Shipping, the world's 10th largest container carrier in Korea. The import/export freight trade in Korea is witnessing the increasing stronghold of foreign carriers. This scenario is expected to weaken Korea's negotiation powers with overseas shipping companies in domestic ports, such as Busan and Kwangyang, thereby making it more challenging to attract shipping carriers. This study compares the global container-shipping network in 2007 and 2017 by combining the network topology of the social network analysis and the economics of the liner shipping connectivity index (LSCI) and the container port connectivity index (CPCI) analysis. The findings of this study are that the role of the ports across the world can be identified, and CPCI has a high correlation with the centrality index and freight volume data. These findings can contribute toward the utilization of the meaning of the necessary centrality index without an additional centrality analysis. This study can be applied not only to the call strategy of container carriers but also to the alliance and development strategy of Korean ports.

• Journal of Korea Port Economic Association
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• v.32 no.1
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• pp.135-149
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• 2016

This study analyzes the concentration ratios (CR) and the shift effect in the system of Korean container ports that concern the export and import of container cargos, especially from/to 5 overseas origin/destination (O/D) regions, using the Hirshmann-Herfindahl Index (HHI) and the Shift-Share Method. The results shows that the CR has decreased during the last 20 years, from 0.86 to 0.44, mainly because cargos from/to the Far-East/South-East Asian regions have become more dispersed to several domestic container ports, especially from the Port of Busan. This study also indicates that there has been little change in the CR for all cargos, like the value of -0.3%, in the last 5 years. However the change in CRs for the cargos from/to the North America and Europe is positive, with the value of 7.6% and 6.6%, respectively. It can be inferred that the future development of medium- and small-sized container ports in Korea is not very likely. The study also suggests that the CR and the shift effect of the Korean container ports for the cargos by the domestic O/D regions should be analyzed in the future to suggest policy implications in great detail.

• Journal of the Korean Society of Marine Environment & Safety
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• v.25 no.1
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• pp.102-110
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• 2019

The shipbuilding and offshore plant industry of Korea is important and leads Korea's economic growth, designated as the 1st to 4th export items in Korea in terms of export contribution over the period from 2011 to 2015. This study proposes ways to improve the national competitiveness of Korean shipyards in the global offshore drilling market by reviewing a business model for providing an integrated offshore drilling commissioning service in Korea. This commissioning service model, which was attempted in 2014, was reviewed, and a new proposed business model for overcoming the limitations of the previous model and activating further business was evaluated. As a result of an economic evaluation, it was found that a 150-meter water depth model is economically more effective. As the number of integrated commissions increased from 2 to 5 times per year, NPV, IRR and B/C ratios increased and the fee per use decreased. Therefore, for offshore drilling facilities constructed and delivered in Korea, it will be necessary to encourage integrated offshore commissioning.

• Management & Information Systems Review
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• v.22
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• pp.137-165
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• 2007

It seems high time to increase productivity by adopting e-business to overcome challenges posed by both external factors including the appreciation of Korean won, oil hikes and fierce global competition and domestic issues represented by disparities between large corporations and small and medium enterprises (SMEs), Seoul metropolitan and local cities, and export and domestic demand all of which weaken future growth engines in the Korean economy. The demands of the globalization era are for innovative changes in businessprocess and industrial structure aiming for creating new values. To this end, e-business is expected to play a core role in the sophistication of the Korean economy through new values and innovation. In order to examine business performance in e-business-adopting industries, this study analyzed the home shopping industry by closely looking into the financial ratios including the ratio of net profit to sales, the ratio of operation income to sales, the ratio of gross cost to sales cost, the ratio of gross cost to selling, general and administrative (SG&A) expense, and return of investment (ROI). This study, for best outcome, referred to corporate financial statements as a main resource to calculate financial ratios by utilizing Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service, one of the Korea's financial supervisory authorities. First of all, the result of the trend analysis on the ratio of net profit to sales is as following. CJ Home Shopping has registered a remarkable increase in its ratio of net profit rate to sales since 2002 while its competitors find it hard to catch up with CJ's stunning performances. This is partly due to the efficient management compared to CJ's value of capital. Such significance, if the current trend continues, will make the front-runner assume the largest market share. On the other hand, GS Home Shopping, despite its best organized system and largest value of capital among others, lacks efficiency in management. Second of all, the result of the trend analysis on the ratio of operation income to sales is as following. Both CJ Home Shopping and GS Home Shopping have, until 2004, recorded similar growth trend. However, while CJ Home Shopping's operating income continued to increase in 2005, GS Home Shopping observed its operating income declining which resulted in the increasing income gap with CJ Home Shopping. While CJ Home Shopping with the largest market share in home shopping industryis engaged in aggressive marketing, GS Home Shopping due to its stability-driven management strategies falls behind CJ again in the ratio of operation income to sales in spite of its favorable management environment including its large capital. Companies in the Group B were established in the same year of 2001. NS Home Shopping was the first in the Group B to shift its loss to profit. Woori Home Shopping has continued to post operating loss for three consecutive years and finally was sold to Lotte Group in 2007, but since then, has registered a continuing increase in net income on sales. Third of all, the result of the trend analysis on the ratio of gross cost to sales cost is as following. Since home shopping falls into sales business, its cost of sales is much lower than that of other types of business such as manufacturing industry. Since 2002 in gross costs including cost of sales, SG&A expense, and non-operating expense, cost of sales turned out to have remarkably decreased. Group B has also posted a notable decline in the same sector since 2002. Fourth of all, the result of the trend analysis on the ratio of gross cost to SG&A expense is as following. Due to its unique characteristics, the home shopping industry usually posts ahigh ratio of SG&A expense. However, more than 80% of SG&A expense means the result of lax management and at the same time, a sharp lower net income on sales than other industries. Last but not least, the result of the trend analysis on ROI is as following. As for CJ Home Shopping, the curve of ROI looks similar to that of its investment on fixed assets. As it turned out, the company's ratio of fixed assets to operating income skyrocketed in 2004 and 2005. As far as GS Home Shopping is concerned, its fixed assets are not as much as that of CJ Home Shopping. Consequently, competition in the home shopping industry, at the moment, is among CJ, GS, Hyundai, NS and Woori Home Shoppings, and all of them need to more thoroughly manage their costs. In order for the late-comers of Group B and other home shopping companies to advance further, the current lax management should be reformed particularly on their SG&A expense sector. Provided that the total sales volume in the Internet shopping sector is projected to grow over 20 trillion won by the year 2010, it is concluded that all the participants in the home shopping industry should put strategies on efficient management on costs and expenses as their top priority rather than increase revenues, if they hope to grow even further after 2007.

• Journal of agriculture & life science
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• v.51 no.4
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• pp.79-86
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• 2017

We performed simulations of shipping conditions to export 'Cheongdobansi' astringent persimmon to tropical regions. We stored the fruits at $0^{\circ}C$, $5^{\circ}C$, or $10^{\circ}C$ temperature for 15 days to simulate the transport conditions, and then maintained the fruits at $30^{\circ}C$ for 5 days to simulate the distribution condition. Variables that we focused on are 1) the transport temperature($0^{\circ}C$, $5^{\circ}C$, or $10^{\circ}C$) and 2) the treatment time of ethylene generator(before or after shipping). We examined the ripening ratio and quality of the fruits at the end of the shipping and at that of the distribution. The examination at the end of the shipping showed that all of the fruits were ripened at $10^{\circ}C$ transportation but not ripened at $0^{\circ}C$ or $5^{\circ}C$ transportation in the ethylene treated condition. The untreated fruits were not ripened regardless of the transportation temperature. The examination at the end of the distribution showed that all of the fruits were ripened at $5^{\circ}C$ and $10^{\circ}C$ transportation, while 38.5% of fruits were ripened at $0^{\circ}C$ transportation in the ethylene treated fruits before shipping. The fruits treated after shipping were 63.5% and 59.6% ripened at $0^{\circ}C$ and $5^{\circ}C$ transportation, respectively. Unexpectively, only 19.2 % of fruits treated after shipping ripened at $10^{\circ}C$ transportation.

• Journal of Korean Society for Atmospheric Environment
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• v.18 no.E2
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• pp.85-95
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• 2002

Hydrogen peroxide and methyl hydroperoxide were measured over the northwestern Pacific Ocean during NASA's PEM (Pacific Exploratory Mission) -West. The first experiment (PEM -West A) was conducted in the fall of 1991 and PEM-West B in the early spring of 1994. Hydroperoxide data were obtained on board the NASA DC -8 aircraft through the entire depth of the troposphere. Average concentrations of both H$_2$O$_2$and CH$_3$OOH were higher during PEM -West A than B. The seasonal difference in hydroperoxide distribution was determined by the degree of photochemical activities and the strength and location of jetstream, which led to extensive and rapid continental outflow during the PEM-West B. While for H$_2$O$_2$distribution, a longitudinal gradient was more apparent than a latitudinal gradient, it was opposite for the CH$_3$OOH distribution. The longitudinal gradient indicates the proximity to the anthropogenic sources from the Asian continent, but the latitudinal gradient reflects photochemical activity. During PEM -West B, the ratio of C$_2$H$_2$/CO, a tracer for continental emission was raised and high concentrations of H$_2$O$_2$were associated with high ratios. The flux of hydroperoxide toward the North Pacific was also enhanced in the early spring. The eastward fluxes of H$_2$O$_2$ were 9% and 17% of the average photochemical production over the Pacific Basin between 140°E and 130°W during PEM-West A and B, respectively. For CH$_3$OOH, these ratios were 8% and 13%. Considering the lifetime of hydroperoxide and the rapid transport of pollutants, the export of hydroperoxide with other oxidants would have a significant influence on oxidant cycles over the North Pacific during winter/spring.

• East Asian Journal of Business Economics (EAJBE)
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• v.6 no.3
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• pp.1-15
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• 2018

Purpose - This study investigates the effect of MNEs' characteristics on the use of foreign currency denominated debt in the context of Korean firms. This study examines the relationship between MNEs and the use of foreign debt focusing on the accessibility to the capital market in addition to the motive of hedging against foreign exchange exposure. Research design and methodology - Probit estimation is employed for estimating significant factors in determination of the use of foreign debt by firms. The dependent variable is a dummy variable to indicate whether a firm uses foreign debt or not at the end of 2004. Independent variables include foreign subsidiaries ratio, export to sale, R&D expenditure to sale, and credit rating. Results - The results show that the interaction between the level of internationalization represented by intra-regional diversification and the strategic characteristics embedded in the region of entry affects the use of foreign debt. In case of a high level of diversification within the developing region with a strong pursuit of asset exploitation, MNEs are more likely to use foreign debt, whereas a high level of diversification within the developed region with a strong pursuit of asset seeking, MNEs are less likely to use foreign debt. Conclusions - The differences between MNEs in terms of intra-regional diversification, strategic orientation, and the accessibility to capital markets as well as the hedging motive affect the use of foreign debt.

• The Journal of Fisheries Business Administration
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• v.46 no.2
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• pp.13-29
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• 2015

The abalone aquaculture has been very rapidly developed in Korea. Annual production quantity was less 200 tons before 2000th, it have been increased to over 9,000 tons in 2014. Also Abalone export amounts have been over 20 million dollars. The reason of rapid growth of Abalone aquaculture in Korea is due to high level profit ratio. Then now many fishing officers and other aquaculture fishers want to participate with abalone aquaculture newly. However Recent Abalone aquaculture in Korea is faced some problems. Aspects of production environmental status of fishing grounds are more aggravate, and then abalone aquaculture is exposed to various disease, and death rate of young abalone is higher. And aspect of management, the aquaculture cost is more increase. The demand of abalone also is depressing recently, this cause to come down the production price. In this viewpoint, Management analysis of abalone aquaculture in Korea is helpful for decision making of general aquaculture fisher want to participate newly. The analysis is practiced two aspects. One is index analysis, and the other is Break-even-point(BEP) analysis. The result of index analysis, average net profit rate has shown 28.0%, however the Regional difference has excessive. That is, Wando(major) has shown 39.4%, and Haenam province has shown 14.2%. On the other hand, the more scale has shown higher profit rate by aquaculture scale. And the result of BEP analysis, average has shown 93 cage number per abalone aquaculture household, and Wando(major) has shown 56 cage number, Haenam province has shown 131 cage number. The lower production abalone price of recent means higher BEP level.

• Journal of Korea Technology Innovation Society
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• v.12 no.3
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• pp.564-581
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• 2009

The paper investigates the determinants of firm's standardization activity in the Korean manufacturing industry. Standardization variables as dependent ones are standardization management at the firm level, accreditation activity, domestic standards utilization, and international standards utilization. The independent variables include innovative activities(R&D intensity and patent application), firm size, export ratio, networks, and firm's organization characteristics. We estimated the logistic regression model, using the data from 636 Korean manufacturing firms. The empirical findings are as follows. First, R&D intensity doesn't have any influence on standardization activities, except the utilization of international standards. Second, patent application has a positive effect on standardization management at the firm level and accreditation activity, respectively. Third, the inverse U-shape hypothesis relating firm size is accepted for standardization management and accreditation, respectively. Fourth, the level of chief executive officer's interest on standardization is a very important factor in determining firms' efforts to participate standardization process, regardless of types of standardization activity.

• Journal of the Korea Society of Computer and Information
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• v.17 no.1
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• pp.235-245
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• 2012

The purpose of this paper is to develop an online analytical processing (OLAP) database system for small and medium-sized enterprises (SMEs) growth support. In this paper, we made a model of measuring SME size first. The model is composed of five determinants of firm growth such as employment, sales, the amount of export, own technology, and the ratio of R&D expenditure to sales. Second, we designed the FREQUENCY dimension table which will make staged support of R&D expenditure. We developed the OLAP database system by using three dimensions including the FREQUENCY dimension, and using the model of measuring SME size. Also we assessed past decisions on R&D expenditure support in the Small Business R&D Support Project by using the OLAP database system.