• Title/Summary/Keyword: firms related to the products for the elderly

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Characteristics of Firms Related to the Products for the Elderly: Sectoral and Spatial Policy Implications with the Exploration of the Types of Firms (고령친화용품산업의 현황과 특성: 기업 유형별 탐색을 통한 산업 및 공간 정책에의 시사점)

  • Park, Sam-Ock;Koo, Yang-Mi;Jin, Jong-Heon
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.1
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    • pp.1-18
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    • 2009
  • The aim of this study is to analyze the characteristics of firms related to products for the elderly. The data are based on statistics, questionnaire surveys and interviews with the persons related to the industry. Firms are classified into $3\times3$ matrix with the indexes of innovation performance and network participation. The former is measured with the number of patents and the latter is evaluated by the degree centrality of firms' network in the industries. Combining the previous indexes with other properties, the 9 categories are merged into 5 types: 'High Performance-High Centrality' (HP-HC), 'Network Leader-Low Technology Manufacturer' (NL-LTM), 'Network Leader-Distributor' (NL-D), 'High Performance-Network Outsider' (HP-NO), 'Low Performance-Isolated' (LP-I). Finally, sectoral and spatial policy implications are explored with the results of analysis.

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Global Comparison for Personal Asset Management by Old Age People in Korea (한국 노년기 자산관리의 국제비교)

  • Kim, Byoung Joon
    • International Area Studies Review
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    • v.21 no.1
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    • pp.221-243
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    • 2017
  • In this study, I examine overall conditions and problems of personal asset management processes by the old age people in Korea from the global perspectives. Major recommended policy implications for those are as follows.. First, the IRR (income replacement ratio) of public pensions in Korea is found to rank nearly the lowest among the OECD member countries. The relatively low fund performance compared to that of developed countries as well as this low IRR can be pointed out as major problems of public pension in Korea. It is recommended to reinforce specialty in fund management as a top priority to solve out these problems related with public pensions in Korea. Second, it is needed to set retirement pensions to be mandatory for almost all the firms in Korea to substitute for the above lower IRR of public pensions and to recover from the highest elderly poverty ratio among the OECD countries. Third, it is required to discuss about the expansion of tax refund policy application in the individual pension sector and many financial investment products under the correction of current budget control to motivate voluntary subscription for individual pension planning and to stabilize elderly lives of ordinary people in Korea. Fourth, it is required to induce market mechanism in controling price and longevity risk of reverse mortgages for the long-run sustainability.