• Title/Summary/Keyword: funding source

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Analysis of Business Strategy and Industrial Policy Based on the Characteristics of ITS Industry (ITS산업의 특성에 따른 기업전략 및 산업정책 분석)

  • Lee, Young-Man;Lee, Bong-Gyou
    • Journal of Korea Spatial Information System Society
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    • v.3 no.1 s.5
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    • pp.109-116
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    • 2001
  • ITS industry has general characteristics of Information Economy such as network externality and information duplex. It also has characteristics exclusive to ITS including timing and locality of information, spontaneous monopolist ability, public use, and system integration. Due to its characteristics ITS industry demands different business strategies and industrial policies from past economy. Reflecting on network externality, it would be more effective to open and mutually share or build a strategic coalition among the competitors and share the market, standardization at early stage is necessary for the market maturation. Reflecting its coexistent characteristics of spontaneous monopolistic ability, public use and profitability in ITS industry it is desirable to make determination on supply source and financial funding source for each system after reviewing public usage and profitability. ITS industry characteristics in Information Economy and the effects of these characteristics on business strategy and industrial policy are analyzed in this research.

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Analysis of Korean Corporates' Direct Giving to the Social Welfare Activities (한국기업의 사회복지활동 분석: 직접기부(direct giving)행위를 중심으로)

  • Han, Dong-Woo
    • Korean Journal of Social Welfare
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    • v.37
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    • pp.407-428
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    • 1999
  • Corporates' participation in the social welfare activities in Korea was analyzed through literature reviews and empirical survey. Literature reviews on the previous studies were implemented to identify the corporates' motivations, methods, types and funding sources of social welfare activities. The empirical survey results show that 37% (83 firms) of respondents among 222 companies has participated in direct giving to the social welfare activities by various methods and types. The bigger amount of last fiscal year's sales, the more amount of gifts to social welfare activities. The average amount of gifts was \ one billion forty-six million per company in the monetary tenn which is 0.06% of the last FY's average sales of respondents. The most frequently implemented program of the corporates' social welfare activities was 'scholarship to unprivileged adolescent', while the program which the largest amount of gifts were donated was 'support for the social welfare agencies'. For the participation methods, most corporates implement social welfare program directly, and the rest of the companies take the methods of supporting the existing social welfare agencies and institutions. The cash benefit was salient for the modes of gift transfer. Funding sources for the gifts were various such as certain portion of the amount of sales, pretax-profits, or posttax profits, and even rare, independently established funds for the social welfare activities. Among them, a certain portion of the last FY's amount of sales was the dominant source of corporates' social welfare activities.

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Cost and Benefit of R&D Tax Concession Program in the Australian Government

  • Moon Yong-Eun;Yoon Joseph
    • Proceedings of the Korea Association of Information Systems Conference
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    • 2004.05a
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    • pp.175-201
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    • 2004
  • In industrialised countries, innovation is a key source of economic growth. Research is a key driver of technological innovation and involves the process of systematic investigation and/or experimentation to discover new knowledge. The Governments' industry innovation policy supports a business focus on Research and Development (R&D) through a range of programs in order to achieve these aims. The Innovation Statement (DISR 2000, 20010, launched by the Australian Prime Minister in January 2001, commits an additional $\$3$ billion over five years to encourage and support innovation. The Australian Government aims to build world competitive firms and strong research capability in industry to strengthen Australia's international competitiveness and increase national prosperity. It develops policies and programs to enhance investment in innovation. The Australian Government has establisher a number of R&D funding support programs aimed at increasing the level of R&D in Australia. The backbone of these programs is the tax concession program, which is made up of the 125 per cent R&D tax concession, the 175 per cent premium tax concession and the tax offset. Over 4000 businesses take advantage of the tax concession scheme, which costs the government around $\$400$ million a year. This cost is expected to rise to over half a billion by 2005-06 (Commonwealth of Australia, 2003). Ensuring these resources are invested where they provide significant national economic benefits is a major policy issue. In this sense, this paper looks at the appropriateness, effectiveness and efficiency of the R&D tax concession with costs and benefits analysis.

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Understanding Scientific Research Lifecycle: Based on Bio- and Nano-Scientists' Research Activities (과학기술분야 R&D 전주기 연구 - 국내 생명 및 나노과학기술 연구자를 중심으로 -)

  • Kwon, Na-Hyun;Lee, Jung-Yeoun;Chung, Eun-Kyung
    • Journal of the Korean Society for Library and Information Science
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    • v.46 no.3
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    • pp.103-131
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    • 2012
  • This study aimed to identify the entire lifecycle of research projects in science and technology. Specifically, it attempted to reveal major research steps and research activities from the beginning to the end of R&D projects. It also investigated information needs, source use and problems scientists encounter in each research step. In-depth interviews with 24 Korean scientists in the fields of bio- and nano-science and technology revealed five major steps of lifecycle, namely idea formation, seeking funding, experiment and analysis, output disseminations, and evaluation. We further identified specific information behaviors and salient communication and research tools in each step.

Seeking Platform Finance as an Alternative Model of Financing for Small and Medium Enterprises in Korea (중소기업 대안금융으로서 플랫폼 금융의 모색)

  • Chung, Jay M.;Park, Jaesung James
    • The Journal of Small Business Innovation
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    • v.20 no.3
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    • pp.49-68
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    • 2017
  • Platform finance is emerging as an alternative finance for SMEs by suggesting a new funding source based on a new technology named FinTech. The essence of this business is the adapting ICT challenges to the financial industry that can adequately reflect risk assessment using Big Data and effectively meet individual risk-return preference. Thus, this is evolving as an alternative to existing finance in the form of P2P loans for Micro Enterprises and supply-chain finance for SMEs that need more working capital. Platform finance in Korea, however, is still at an infant stage and requires policy support. This can be summarized as follows: "Participation of institutional investors and the public sector," meaning that public investors provide seed money for the private investors to crowd in for platform finance. "Negative system in financial regulations," with current regulations to be deferred for new projects, such as Sandbox in the UK. In addition, "Environment for generous use of data," allowing discretionary data sharing for new products," and "Spreading alternative investments," fostering platform finance products as alternative investments in the low interest-rate era.

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Evaluation of an Official Development Assistance (ODA) project: Focus on a forest recreation and eco-tourism site in Indonesia

  • Choi, Jaeyong;Lee, Sang-Hyuk;Hwang, Byeol
    • Korean Journal of Agricultural Science
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    • v.44 no.2
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    • pp.221-227
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    • 2017
  • This study is the evaluation of the 'Tunak forest recreation and ecotourism development project' which will be completed in 2018 with sole source of funding from Korea. A survey was conducted to evaluate the status of the project being carried out in Lombok island, Indonesia, through the evaluation principles and criteria of the OECD Development Assistance Committee (DAC). Survey participants were stakeholders of the Official Development Assistance (ODA) project and local residents. Overall, the respondents had a good impression of this ODA project and expected they would contribute to the development of their community and region. However, respondents were not well aware of the ODA project being carried out in the Tunak region and thus more efforts should be made to help the local residents understand the positive outcome of the project and to promote the ongoing cooperation between Korea and Indonesia in the forestry sector. Results of this study showed that the projects have been effectively carried out and the impact of the project was well perceived by the recipient country. In addition, this positive perception of Korea is expected to help recreation and ecotourism business progress in the region. Therefore, we believe that the project should continue to be carried-out in the future and we expect that related companies will be able to operate on its own eventually. As it is difficult to evaluate the outcome of an ongoing project precisely, this study should be conducted again after the project completion and the results can be compared to the present results so that the effectiveness of ODA project can be more accurately determined.

Low-enthalpy geothermal exploration in Pohang area, Korea

  • Song Yoonho;Lee Seong Kon;Kim Hyoung Chan;Kee Weon-Seo;Park Yeong-Sue;Lim Mu-Taek;Son Jeong-Sui;Cho Seong-Jun;Lim Seong-Keun;Uchida Toshihiro;Mitsuhata Yuji;Lee Tae Jong;Lee Heuisoon
    • 한국지구물리탐사학회:학술대회논문집
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    • 2003.11a
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    • pp.470-475
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    • 2003
  • KIGAM (Korea Institute of Geoscience and Mineral Resources) launched a new project to develop the low-enthalpy geothermal water in the area showing high geothermal anomaly, north of Pohang city, for large-scale space heating from KORP (Korea Research Council of Public Science & Technology) funding. Surface geologic and geophysical surveys including Landsat TM image analysis, gravity, magnetic, Magnetotelluric (MT) and controlled-source audio-frequency MT (CSAMT) and self-potential (SP) methods have been conducted and the possible fracture zone was found that would serve as deeply connected geothermal water conduit. By the end of 2003, two test wells of 1 km depth will be drilled and various kinds of borehole survey along with additional MT measurements and sample analysis will follow and then the detailed subsurface condition is to be characterized. Next step would be drilling the production well of 2 km depth and all further steps remain to be determined depending upon the results of the test well studies.

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A Study on Applications and Cases of Achievement Royalty System (성공기술료 제도의 적용 사례 연구)

  • Han, Jeong-Sook;Kim, Hyun-Oh
    • Journal of Technology Innovation
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    • v.20 no.3
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    • pp.181-198
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    • 2012
  • Gyeonggi-Do launched the 'Achievement Royalty System(ARS)' in 2011 to promote the refund of excess profits from those firms to local system. The purpose of this study aims to analyze the effect of new royalty system in the public R&D program. From the analysis, commercially successful firms appear to have maintained the same level of innovation incentives even after introduction of ARS. It can be explained that they have given a priority in taking part in the next R&D projects as well as a benefit of systematic supports in technology commercialization and marketing. It is, therefore, fully expected that the policy makers can make ARS an additional funding source in the period of decreasing S&T budget, and have a better chance to gather evidences of successful policy practices to the firms. However, the institutional improvements are required to develop the ARS, which include the incentives of ARS payment and the lower total royalty expectation through the reduction of fix-payment ratio and the exemption of ARS.

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The Proposal and Analysis by Gilbert and Terrell on Supports for Creative Activities of Korean Artists Welfare Foundation (한국예술인복지재단의 창작활동 지원에 대한 길버트와 테렐 분석틀의 적용과 활성화 방안)

  • Jung, Jiyoung;Jeong, Hojin
    • Journal of Digital Convergence
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    • v.16 no.7
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    • pp.409-418
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    • 2018
  • This study aims to find improvements to problems including investigation public affairs for the activities of artists focusing on the Korean Artists Welfare Foundation since established in 2012. Hence, Gilbert and Terrell's analytical framework for social policy is used with these public affairs in terms of allocation, benefit, service delivery system and finance for this research and pointed at issue. As a result of analysis, the identification of artist is vague for the allocation and the benefit and delivery are not effective in actual practice. In addition to this, the source of fund should become independent financially not to depend on the public funding. Therefore, the follow-up research is necessary that the system of verification for the artists to benefit from the public supports with fair and effective opportunities and developments to secures the funds prospectively.

Current Status of the Film Development Fund and Plan for Securing Finances (영화발전기금의 현황과 재원조성 방안)

  • Kim, Hyun-Hee
    • The Journal of the Korea Contents Association
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    • v.19 no.9
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    • pp.550-557
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    • 2019
  • The Film Development Fund was established in 2007 to improve the quality of film arts and promote the Korean film and video industry. As a key resource operated by the Korean Film Council, the film development fund provides various projects including support for the promotion of Korean film creation and production, funding in video-specialized investment associations, export and international exchanges of Korean films, and production of small-scale or short films. This study aims to propose ways to reinvent the film development fund, which is in danger of being depleted. Based on such purpose this study examined the status and problems of the current film development fund and reviewed previous literatures and related discussions. Furthermore, the policies of similar overseas organizations for film promotion including French National Film/Video Center (Centre National du Cinema et de l'image $anim{\acute{e}}e$, CNC) and the British Film Institute (BFI) were reviewed to draw a multi-faceted way to replenish the source of revenue for Korean film development fund.