• Title/Summary/Keyword: financial perspective

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Assessment of Innovation Policy Coordination Through Korean Office of Science, Technology and Innovation (OSTI)

  • Seong, Jieun;Song, Wichin
    • STI Policy Review
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    • v.4 no.2
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    • pp.96-112
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    • 2013
  • The need for designing and implementing integrated policy was further emphasized in tandem with the increase in interest concerning policy coordination and interactions. An active discussion is taking place in the field of innovation policy concerning "integrated innovation policy," which considers innovation along with financial, regional development, social, and environmental policies together in a holistic manner. In Korea since the beginning of the 2000s, there were many attempts at implementing integrated innovation policy through the restructuring of the overall S&T administration system. For the purposes of taking an integrated approach to S&T policies as well as to S&T-related human resources, industrial, and regional development policies, the Roh Administration (February 2003~February 2008) elevated the S&T Minister to the level of Deputy Prime Minister as well as launching the Office of Science, Technology, and Innovation (OSTI) (October 2004 ~ February 2008) under the Ministry of Science and Technology. This study investigates the policy coordination activities of the OSTI from the perspective of policy integration. It deals with the background of the OSTI, its roles and responsibilities, the coordination process, and its achievements and limitations while discussing the important implications for developing effective policy measures with the hope of contributing to the development of theories of integrated innovation policy.

Coronavirus 'COVID-19' - Supply Chain Disruption and Implications for Strategy, Economy, and Management

  • AL-MANSOUR, Jarrah F.;AL-AJMI, Sanad A.
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.659-672
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    • 2020
  • The outbreak of a recent strain of Coronavirus, known as 'COVID-19', has spread sharply from China across the globe, resulting in a dramatic recession in the global economy. This uncertainty has therefore negatively influenced the business perspective and the various formulated strategies that may not considered such [extreme] circumstances. Using baseline analysis and archival data, this paper reports some of the major implications of COVID-19 on global business and strategy and puts forward suggested research agenda as potential future directions for organizations. In order to survive and remain sustainable, this paper argues that businesses need to revisit their strategies during current COVID-19 crises from three perspectives, including supporting human resources financial commitment, forming cross-functional teams and connecting with their supply chains, as well as investing in corporate social responsibility and doubling down efforts with regard to partnerships. The study also represents a preliminary analysis to the implications of COVID-19 on the business and strategies across the globe and is considered the first such in the field of business, as to date all research papers on COVID-19 have been published in medical-related journals. Directions for future research are also proposed at the end of this study.

Cooperative Development with Socialist Countries: Singapore Story and Implications for South-North Korea Economic Cooperation (사회주의 국가와의 협력적 개발: 싱가포르 사례와 남북경협에 주는 시사점)

  • Lee, Kwan Ok
    • Land and Housing Review
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    • v.10 no.4
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    • pp.31-39
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    • 2019
  • Singapore, a city state with less than 6 million population, has continued successful cooperative development and become one of the most successful Asian countries in exporting expertise in urban and real estate development. This research aims to analyze Singapore's cooperative development with socialist countries including China and Vietnam from Singapore's perspective as an investor. For cooperative development projects in China, Singapore adopted Singapore-style physical urban planning concepts as well as its own institutional and administrative systems. Singapore-Vietnam cooperative development managed to acquire profitable land and diversify its portfolio in terms of industry types and rents. This made Singapore's industrial parks more competitive than other parks in Vietnam. By showcasing successful project implementation in China and Vietnam, Singapore has proved that its model for industrial park and urban development is transferable. Singapore's success in cooperative development with socialist countries provides important implications for future cooperative development between South and North Korea. For example, phased development approaches starting from individual industrial parks expanding to mixed-use townships will be very useful to realize sustainable urban planning in North Korea and reduce financial risks. Singapore dominated development opportunities in advance when socialist countries opened their economy. To pattern ourselves after Singapore, we should not only improve our relationship with North Korea but also prepare with practical components such as financing and organizational structure.

Improvement Disciplines for Relief Policy of Breeding Bears at the Perspective of Animal Welfare in the Republic of Korea (동물복지 관점에서의 한국 사육곰 구호정책 개선방안)

  • Lee, Jung-Hwan;Lee, Gwan-Gyu;Lee, Min-Ju;Cha, Jin-Yeol
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.16 no.6
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    • pp.31-48
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    • 2013
  • South Korea had encouraged farmers to breed bear to increase farmer's income since 1981. Currently farmers breed over thousand number of bears, however but the policy measures for breeding bears is expected to conflict the main stream of bear conservation due to South Korea belong to the member of CITES, which categorizes and manages bears under Wild Fauna and Flora Protection Act. Government needs to establish a special law containg the win-win relief strategy not only for farmers of breeding bears, but international corresponding policy. So, we have reviewed the domestic status and international trends on breeding bears, and suggest the alternative strategies of the policy such as a bear park, a bear village, use of species recovery center, use of a preservation organization. This policy should be accompanied with more detailed fact analysis, management agency, well equipped welfare facility and financial preparation for proper management of breeding bears against changing international trends on wildlife conservation.

Development and Reconsideration of Korea Healthcare System (보건의료체계의 발전과 성찰)

  • Lee, Kyu Sik
    • Health Policy and Management
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    • v.23 no.4
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    • pp.303-313
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    • 2013
  • During last 65 years, Korea has achieved very rapid economic growth and social reformation including healthcare system. Many foreigners have praised that Korea healthcare system is very good in the respect of ease accessibility to healthcare under the lowest cost among the industrialized countries. Whole population are covered by the National Health Insurance. Also utilizations of healthcare among different income classes are even. However Korea healthcare system faced with several challenges, in terms of the an aging population and a rise in chronic disease problem, new threats of communicable disease due to globalization, the rapid increase of healthcare expenditure and high financial burden of patients even though they are insured. To cope with these challenges, we need reconsider the healthcare system as followings; to set up ideology of healthcare as normative public goods, to rebuild paradigm of healthcare for 21 century, to reform public health for strengthening health promotion, to develop new method for healthcare management including quality improvement and consumer responsiveness, to build new governance for health and to view new perspective on healthcare as a kind of industry.

Foreign Direct Investments of Economic Infrastructure-Related Public Companies in Korea(2): Typologies, Characteristics of FDI and Interpretation of Nationality Issues (경제 하부구조 관련 공기업의 해외투자에 대한 연구(2) - 해외 하부구조투자의 유형과 성격, 국적성의 문제 -)

  • Kim, Yong-Chang
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.2
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    • pp.166-191
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    • 2012
  • This paper investigates how the agent specificity of economic infrastructure-related public company proceeds in overseas investments. At first this paper examines general features focused on investment region, project type, starting year, and then analyzes overseas investments based on specific cases with three classifications which are composed of special consulting type that do not accompany capital investment, FDI type, and type of overseas energy resources development that go with capital investment and business risk. Finally nationality issues that is generated by agent characteristics of infrastructure public company are interpreted in perspective of duality which is financial pressure and dependency of host county's position, and relationship with private capital of home country.

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A Combined Fuzzy AHP and BSC Model based Green Supplier Selection Problem (Fuzzy AHP와 BSC 결합모델기반의 Green Supplier 선정 문제)

  • Seo, Kwang-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.13 no.3
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    • pp.63-69
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    • 2011
  • As environmental protection is becoming more and more important, green production has become a key issue for almost every manufacturer and will determine a manufacturer can be sustainable in the long term. Therefore a performance evaluation system for green suppliers is necessary to determine the suitability of suppliers to cooperate with the company. While the works on the evaluation and/or selection of suppliers are abundant, those that concern environmental issues are rather limited. The objective of this study is to construct a combined model based on fuzzy analytic hierarchy process (FAHP) and balanced scorecard (ESC) for evaluating green suppliers in the manufacturing industry. The ESC concept is applied to define the hierarchy with four major perspectives (i.e. financial, customer, internal business process, and learning and growth), and performance indicators are selected for each perspective. FAHP is then proposed in order to tolerate vagueness and ambiguity of information. Finally, FAHP is finally constructed to facilitate the solving process. With the proposed model, manufacturers can have a better understanding of the capabilities that a green supplier must possess and can evaluate and select the most suitable green supplier for cooperation.

한국 자본소득과세의 평가와 정책방향: 미국의 근본적 세제개혁안을 통한 새로운 패러다임의 모색

  • Yun, Geon-Yeong;Hyeon, Jin-Gwon
    • KDI Journal of Economic Policy
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    • v.24 no.1
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    • pp.191-233
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    • 2002
  • This paper is to examine some issues and policy direction of capital income taxation in Korea. Fundamental tax reform in US was reviewed to get some lessons for reforming the capital income taxation. One of main characteristics in Korea's capital income taxation is different treatment by corporation type, investment goods, and financial structures. Especially, the tax differential for debt and equity financing has been serious, as debt has been deducted as cost. We discuss that tax policy should try to satisfy the efficiency, equity, and simplicity under the structure of income based taxation for the time being. However, the changes of tax policies in advanced economies should be carefully examined, as Korea has the structure of small open economy. The current issue on the abolition of corporation income tax might be premature in logical structure and implementation. The US fundamental tax reform might be useful reference for determining the direction of capital income taxation in Korea, as it gives us some chances to discuss about tax base issue with income and consumption. Consumption based taxation is superior to income based taxation in the perspective of administrative and compliance costs. We should consider these tax costs for reforming capital income tax system in Korea.

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World Food Perspective and Food Security in Korea (세계 식량전망과 한국의 식량대책)

  • Kim Kwang Ho
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.189-209
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    • 1998
  • Food resources have been supplied more and more by crop land expansion, technological Improvement for higher crop yield, establishment of irrigation system, and input of fertilizers, chemicals and others, to sustain a world population increase currently about 6 billion. Food demand will be significantly increased in the 21st century due to population increases of 90 million per year and more consumption of meat with per capital income increase. But food production increase will be limited by difficulty of crop/irrigation land expansion and small or decreasing effectiveness of fertilizer use. Development of new techniques for higher yield per ha is only one way to meet future food demand increase. Optimistic prospect for food demand/supply balance was reported by FAO until 2010, and IFPRI until 2020. However, Worldwatch Institute warned world food supply will be less than expected demand by 500 million tons of cereal grains in 2030. It is necessary to establish a national plan to meet expected worldwide shortage of food resources in 21 century. What planning should be under taken to meet the upcoming century of food shortage in Korea whose food self-sufficiency rate is only $30{\%}$. It is recommended that (1) keep paddy field area as much as 1,100 thousand ha, (2) expansion of barley and wheat cultivation on all paddy area in winter season, (3) continue development of new technology to get international superiority of food resources produced in Korea, (4) expand nationwide the importance of food security under the current financial crisis encountered In Korea, and for food security in the future unified Korean peninsula.

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A Study on the Change Process and Characteristics of the Development Policy for Rural Areas (농촌지역 개발정책의 변천과정과 특성에 관한 연구)

  • Kim, Kang-Sub;Lee, Sang-Jung
    • Journal of the Korean Institute of Rural Architecture
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    • v.6 no.3
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    • pp.25-38
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    • 2004
  • The government has made a great effort for the development of rural area. The aim of this study is to analyze the change process and characteristics of the government's rural area development policies implemented so far and present an aid as adequate material to the direction of development policy for rural areas. The rural area development policy had been focused on maintenance of physical infrastructure facilities in the rural areas, pursuing urban convenience led by the government from the 1950s to 1990s. The policy has changed to local residents-led rural area development from the late 1990s to present time. The basic direction of the policy turned into making much of environment-friendliness and promotion of regional activation. The policy was transformed to recognize our rural area and also perceive it pastoral and resting space. In addition, green tourism has emerged as an important theme since 2000. In the rural area development policy, it is the most important to connect it with various development projects, select target areas from the long-term perspective and pursue efficiency through intensified investment of financial resources.

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