• Title/Summary/Keyword: importance of financial activities

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Market Performance of Major Companies in Cybersecurity and Policy Trends in Information and Communication Technology Supply Chain (사이버 보안 분야 주요 기업의 시장 성과와 ICT 공급망 관련 정책 동향)

  • C.M. Ahn;Y. Yoo
    • Electronics and Telecommunications Trends
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    • v.39 no.3
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    • pp.48-57
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    • 2024
  • Cyberthreats and crimes have become common in society and demand the adoption of robust security measures. Financial cybercrimes, personal information breaches, and spam messages are now prevalent, while companies and nations face an increasing number of cyberthreats and attacks such as distributed denial of service, ransomware, and malware. As the overall socioeconomic landscape undergoes digitalization powered by big data, cloud computing, and artificial intelligence technologies, the importance of cybersecurity is expected to steadily increase. Developed nations are actively implementing various policies to strengthen cybersecurity and providing government support for research and development activities to bolster their domestic cybersecurity industries. In particular, the South Korean government has designated cybersecurity as one of the 12 nationwide strategic technology sectors. We examine the current landscape of cybersecurity companies and the information and communication technology supply chain, providing insights into the domestic cybersecurity market and suggesting implications for South Korea.

Growth of Felonies after the 1997 Financial Crisis in Korea (외환위기 이후 흉악범죄의 증가와 정부의 범죄억지정책)

  • Kim, Duol;Kim, Jee Eun
    • KDI Journal of Economic Policy
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    • v.31 no.2
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    • pp.155-194
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    • 2009
  • The Korean economy successfully overcame the macroeconomic downturns driven from the Asian financial crisis in a very short period of time. The economic shock, however, generated a variety of social problems, one of which was the increase in felonies (homicides, robbery, rape, and arson), or degradation of public safety. We argue that the Korean criminal policy has not been effective to ameliorate the rising trends in crime caused by the financial crisis. In order to substantiate this claim, we assess the effectiveness of criminal policy: policing, sentencing, and corrections. First, there has been resource shortage in policing since the 1997 financial crisis. For the past ten years, the investment of human resource and budget in the police has been virtually stagnant, as well as in prosecutors' investigation activities. The insufficient resource allocation in policing caused a huge decline in arrest rates and prosecution rates. Second, the Korean judicial system has not increased the severity of punishment. Comparing the pre- and the post-financial crisis period, the average length of prison sentence by the courts has declined. Given the degrading in the quality of crime and the decreasing amount of inputs into the policing and prosecution, the government should have increased the severity of punishment to deter crime. Third, we found that the government hired more officers and allocated larger budget into prison and probation. However, it is difficult to suggest that the increased level of resources in correctional programs have been effective in preventing released prisoners from committing future crimes. This is because the number of repeat offenders convicted of more than a third offense increased dramatically since 1997, pushing felonies upward. In sum, the government organizations failed to respond respectively or to make coordinated actions, eventually causing a dramatic increase in crimes. This research brings explicit policy implications. In order to prevent possible additional degradation of public safety, the government must put more efforts into increasing the effectiveness of policy and to investing more resources into said policies. We also emphasize the importance of the institutional mechanisms which foster policy coordination among the Police, the Prosecutor's Office, the Ministry of Justice, and other relevant government organizations.

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A Study on the Application of System Dynamics to Overcome BSC Limitations (BSC의 한계 극복을 위한 시스템다이내믹스의 활용)

  • Jo, Hyun-Woong;Yeon, Seung-Joon;Kim, Sang-Wook
    • Korean System Dynamics Review
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    • v.8 no.1
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    • pp.211-227
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    • 2007
  • Like the saying "You can't manage what you can't measure," performance measurement is considered as one of the most important management activities for the organizations in either private or public sector. Performance measurement, however, has thus far relied too much on financial statements. Realizing the importance of a more scientific and comprehensive performance measurement, many organizations have adopted several different systems in order to objectively estimate their balanced performance results. The Balanced Scorecard (BSC) has become a popular means to measure performance. But the BSC has also received some criticisms. In this paper four limitations in the use of the BSC are discussed : BSCs focus on unidirectional causality, are unable to distinguish delays between actions and their impacts on performance, integrate insufficiently strategy with operational measures, and lead to internal biases. We propose a system dynamics approach with causal loop diagram(CLD) to develop a Dynamic BSC in order to overcome these limitations. The results suggest that developing a BSC with system dynamics is a promising approach to supplement existing BSC frameworks.

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The Relationship between Innovation Capability and Firm's Performance in Electronic Companies, Vietnam

  • HOANG, Canh Chi;NGOC, Bui Hoang
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.295-304
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    • 2019
  • The study aims to investigate the determinant factors in the organisation of a firm's innovative activities, and the impact of innovation capability on firm's performance of electronic firms in Ho Chi Minh city, Vietnam. How is the performance of electronic companies after delivering an innovation project? How will innovation capability affect firm's performance in electronic companies? This study aims to seek the answer of these questions. We employ a Structural Equation Model and the PLS technique in order to validate the theoretical model proposed in this study. With observation of 374 valid firms, based on Cronbach's Alpha analysis, EFA analysis, CFA analysis and SEM analysis, this study discovers 5 groups of factors including: (i) Institution factors; (ii) Attitude of leadership factors; (iii) Marketing factors; (iv) Technological resources factors; (v) Combination factors, which have direct impact on innovation capability of firms. There are 4 groups of factors that have positive impacts on financial performance of electronic firms, with descending order of importance as follows: (1) Attitude of leadership factors; (2) Quality of human resources factors; (3) Innovation capability; (4) Marketing activities factors. Research results are important implications for Government administrative agencies for business to consult and introduce effective support policies.

An Study on Project Selection based on Analytic Hierarchy Process (AHP를 이용한 프로젝트 선정에 관한 실증적 연구)

  • Kim, Joo-Wan;Lee, Wook-Gee;Kim, Pan-Soo
    • Journal of the Korea Safety Management & Science
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    • v.9 no.2
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    • pp.195-214
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    • 2007
  • The purpose of this study is to explore the applicability of AHP(Analytic Hierarchy Process) to select more productive projects among various proposed projects in a particular company. To achieve this research objective, the characteristics of project evaluation and selection are first reviewed with respect to when, where, and how the decision is made. Then the theoretical basis of the AHP is briefly reviewed along with its mathematical underpinnings to construct the framework of project evaluation and selection. To be more specific, the evaluation and selection criteria were reorganized in the AHP-based framework to make the process of project evaluation and selection more productive. Project evaluation and selection is one of the most important activities for the most companies to be more advantageous in the market. Despite the importance of decision making process of project selection, not many of how to choose the best project were suggested as the reliable project selection methods in the industries. It may be because it involves various activities related to conflict resolution among different evaluation criteria, high uncertainties of market, and the unclear tradeoff among various project objectives. Furthermore, the decision, once made at this point, tends to be irrevocable until the whole process turns out to be a complete success or failure. As the result, the AHP method showed better financial performance rather than the traditional method in a case study.

The Goals and the Short and Long Term Plan for Non-Government Environmental Protection Organigations (민간환경보전운동단체의 장.단기 목표 및 추진방안)

  • 이범홍
    • Hwankyungkyoyuk
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    • v.2 no.1
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    • pp.107-116
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    • 1991
  • In this study, the goals and the short and long term plan to attain the goals were set up through the analysis of non-government environmental protection organizations actual conditions which were grasped through interview and questionnaire. The goals and the plan were modified and elaborated through 3 times environment experts conferences and a public hearing. The goals were as follows: a) Laying down the guidelines on the organizations. b) Establishing a view of environment. c) Paying a public attention to importance of environment. d) Activations the practice in environmental protection movement. e) Harmonizing the relations between the organizations themselves. government and the organizations, industries and the organizations. f) Establishing the government support system to the organizations in leagal. administrative and financial aspects. g) Enhancing the potentialities on research and development in environmental protection technology. In the short and long term plan, the specific activities to be driven up to the year 2000 were presented by stages.

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Corporate Social Responsibility and Information Asymmetry in the Korean Market: Implications of Chaebol Affiliates

  • Yoon, Bohyun;Lee, Jeong-Hwan
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.21-31
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    • 2019
  • This paper examines how corporate social responsibility is related to the degree of asymmetric information in the Korean financial market. Recent theory argues that there is a negative relationship between a firm's corporate social responsibility and its information asymmetry. To test this hypothesis, we use the environment, social and governance (ESG) score, published by the Korean Corporate Governance Service, to proxy a firm's management practices toward socially responsible activities. In the entire sample of the Korean firms, we find contrasting results; the ESG score shows negative relationships with the price impact measure but statistically insignificant relationships with the dispersion of analyst forecasts. However, the ESG score shows negative relationships with both measures when we exclude chaebol affiliates from the sample. These findings are robust when we examine environmental, social and corporate governance scores separately. This set of results argues for the extant theory, expecting a negative relationship between a firm's engagement in corporate social responsibility and asymmetric information. It further argues for the importance of firm characteristics in determining the influence of socially responsible activities.

Effects of Knowledge Management Activities on Financial Performance: Focusing on the Mediating Effects of Enterprise-level Resilience (기업의 지식경영활동이 재무적 성과에 미치는 영향: 기업 회복역량의 매개효과를 중심으로)

  • Kang, Yeonsil;Cho, Booyun
    • Knowledge Management Research
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    • v.22 no.1
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    • pp.139-154
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    • 2021
  • As environmental impacts on business management rapidly rise, the importance of resilience has been emphasized ever. Resilience can be defined as the capability to quickly return to daily operational levels after external shocks. Thus, we suggest and empirically verify a conceptual model using enterprise-level resilience in knowledge management. Based on previous studies, sub-components of resilience have been distinguished into R4(i.e., Robustness, Redundancy, Resourcefulness, and Rapidity) and the internal and external knowledge management activities of companies have been identified as prior factors. Considering resilience as mediating variables, firms' knowledge management activities are assumed to affect a firms' performance. We collected data with the structured survey which had been developed from the stepwise approach to verify the structural model that leads to knowledge management activities, resilience, and performance. In further research, we request exploratory research on independent variables that can increase the firms' resilience and on dependent variables that would be influenced by the enterprise-level resilience.

Environmental Management : Based on CU's ESG Management (유통산업의 환경경영 : CU의 ESG경영을 중심으로)

  • Kim, So Hyung;Seo, moon Sol;Kim, Yu Jin
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.2
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    • pp.37-46
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    • 2022
  • Recently, our society and environment has changed rapidly due to the pandemic caused by the COVID-19 virus. In this rapidly changing environment, companies fulfill their social responsibilities and require non-financial elements of transparent management activities. ESG has become one of the non-financial factors, and interest of ESG management is increasing worldwide. In this paper, we examine the importance of ESG concept and ESG management performance and the correlation with companies, and examine the necessity of ESG management for companies in the future. The literature reviews are conducted on CU which is currently best practicing ESG management through various secondary data. Also, we used interview articles so that reflect the rich voice of the distribution industry. In addition, after examining ESG characteristics through examples of global companies, we looked at BGF Retail's CU convenience store ESG activities, which is a leader in ESG management, in distribution industry. CU was divided into all sectors of E, S, and G, and all sectors were actively engaged in activities and flexibly coping with changing environments and social needs. In particular, it was confirmed that CU's environmental management, which focuses the most, achieved successful results due to the increase in actual consumption of customers. ESG management activities at CU convenience stores are currently ongoing and future tasks. As a leading company in ESG management in the current industry, it is meaningful to understand the process of growing into a company that shares concerns, efforts, and practical activities and fulfills social responsibility. Through this study, the changes and growth of CU and domestic companies to ESG and sustainable management are expected in the futures.

A Comparative Study on Vascular Conditions and Stress on Leisure Activity in the Elderly (노인의 여가활동에 대한 혈관상태와 스트레스 비교연구)

  • Kim, Dong-Hyun
    • The Journal of Korean society of community based occupational therapy
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    • v.10 no.3
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    • pp.53-61
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    • 2020
  • Objective : The purpose of this study was to find out the stress of vascular conditions and leisure activities for the elderly and the effect of stress problems on the vascular conditions of the elderly. Methods : The study surveyed 172 elderly people, conducted a validity and reliability analysis to organize items of leisure activities, analyzed vascular conditions and stress for leisure activities, and conducted a regression analysis to analyze stress factors affecting the blood vessel conditions of the elderly. Results : First, there was a significant difference in comparing the average value of vascular conditions for leisure activities in the elderly (p=.012) and sports activity was the most stable in vascular conditions. Second, there was a significant difference in comparing the average value of stress for leisure activities of the elderly (p=.035) and rest and other activities were higher than other activities. Third, the effect of stress problems in older people on vascular conditions has been shown to be influenced by financial difficulties and health problems. Conclusion : Leisure activities in older people can act as a factor in changing the quality of life. Older adults can expect improvement of vascular conditions and reduction of stress through leisure activities, especially sports activities have a high relationship of vascular conditions, and rest and other activities have a high relationship with stress. As a result, this study confirmed the importance of selecting and continuing participation in leisure activities for the elderly.