• Korean Journal of Construction Engineering and Management
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• v.3 no.3 s.11
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• pp.103-111
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• 2002

A joint venture approach to the marketing, organization, and execution of a project should be considered when the combined strengths of two or more entities result in a joint organization with unique credentials in a targeted business area. A joint venture is based on a complementary relationship: one party may lack one or more major elements needed for market penetration, such as technology, design-construct capabilities, geographic location, or financial strength; the other party should be able to compensate for these areas of weakness. The purpose of this study is that suggests the development direction of a joint venture, the proper organizational approach

• Asian Journal of Business Environment
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• v.8 no.1
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• pp.7-15
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• 2018

Purpose -This paper is to study the process of the negative effects of Sino-foreign joint ventures, hoping to find out an effective path in which local enterprises can avoid the risks in the utilization of foreign capital, and ultimately achieve independent innovation. Research design, data, and methodology -The outflow of assets, the loss of local brands and the "technology hollowing-out" problem brought by joint ventures is becoming more and more serious. Based on conflict analysis graph model, this paper takes Yuhuan joint venture as an example to identify the conflict problem in Sino-foreign joint ventures. Results -The results of the stability analysis show that establishing joint venture cannot really realize the introduction of technology because the technology is fully controlled by the foreign part. So when introducing foreign capital, local enterprises should participate in R&D and master the initiative. Conclusions - Local enterprises should pay attention to patent containment and technology blockade of multinationals. Domestic enterprises should try to protect state-owned assets and local brands in Sino-foreign joint ventures. Independent innovation is the most effective strategy for the development of enterprises in China.

• Journal of the Korean Institute of Educational Facilities
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• v.12 no.3
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• pp.13-21
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• 2005

The idea of the school networks for joint venture and use of school facilities is forming and using an organic network of schools that will communally share a group of facilities that are uniquely appropriate for each schools. Focused on two prominent cities of Northern Choongnam province, Cheonan and Asan city, the objective of this study is to present and exhibit the plans for joint venture and use of school facilities, and to use them as an example for other provincial cities within the nation where such renovation may be possible. The school networks is proposed based on units of 1 km radius around each site, that is named as small school network, in order to ease the communal use of the sidewalks by the residents and the facilities by the nearby schools. In Cheonan city, six small school networks were proposed, which will supply three to four elementary schools for an average of 50,000 people. On the other hand, Asan city, which showed shortages of elementary schools, three small school networks including the middle and high schools in addition to the elementary schools were proposed, that will provide three to six schools for an average of 30,000 people.

• The Korean Journal of Financial Management
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• v.25 no.1
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• pp.177-196
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• 2008

The megatrend of convergence in finance, telecommunication, and service industries is being spread over the whole industry. It has generated various kinds of contractual alliance or joint venture. Our paper builds a theoretical model for the profit sharing between two firms that participate in a joint venture. The model shows how the profit sharing rule affects the incentives of the participants, and, eventually, the efficiency. We derive the first-best solution of the profit sharing, where no incentive distortion exists. Then, we compare the incentive-affecting cases with the first best outcome, and assess the efficiency and the fairness of distribution. Our analysis shows that if we properly design the decision-making structure on transfer price and production quantity, we can reach the socially optimal efficiency.

• International Area Studies Review
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• v.14 no.3
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• pp.267-289
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• 2010

The purpose of this paper is to compare the different characteristics of Korean and Japanese Overseas Direct Investment(ODI) in Asia. An empirical test consists of two parts, the determinants of ODI and the micro characteristics of subsidiaries in Asia between Korea and Japan. Multiple regression and logistic regression model are used in empirical tests as methodology. The coefficient of GDP is significant and positive sign to sole venture in both countries. The coefficient of CPA in Korea is significant and positive sign to joint venture but insignificant in Japan. The coefficient of WAGE in Korea is significant and positive sign to joint venture but is significant and negative sign to joint venture in Japan. The coefficient of LBIT is significant and positive sign to joint venture in Japan. The coefficient of HOME is significant and positive sign to sole venture in both countries.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.1
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• pp.33-50
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• 2014

Though South Korea has world-class volume of Venture Capital Investment, as a share of GDP, early stage venture investments are still short, and investments are concentrated in high technology area and Capital area. Because of the high barriers to entry of the new IPO and M&A market, the venture capital companies undergo difficulties in profit. High-tech ventures face difficulties in raising money from outside investors due to information asymmetry between venture investors and venture companies. To resolve these problems, developed countries's government make a co-funding investment scheme with private sectors and design incentive mechanism such as receiving knowledge of the reputable investors' joint venture. Korean central and local government can benchmark those of things. For example, the expansion of the investment volume with private sector, region-specific matching fund and venture capital's exit path diversification such as M&A through the establishment of a business venture eco-system. At the same time, venture companies are to make an efforts to enhance the ability of screening for venture companies and the value for investment activities through a joint venture investments.

• Proceedings of the Korean Society of Computer Information Conference
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• 2018.07a
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• pp.252-253
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• 2018

본 연구는 우리나라의 국제합작투자 기업들을 대상으로 국제합작 사업에서의 합작파트너 간 통제유형(산출(Output Contro), 과정(Process Control), 사회적(Social Control))에 따라 국제합작투자 기업의 성과에 어떠한 영향을 주는지를 살펴보고자 하는 실증연구이다. 국제 합작기업들간의 투자형태가 다양하기 때문에 통제유형에 따라 국제합작투자사업 성과에 어떠한 유의한 영향을 미치며 또한, 한국합작투자기업들만이 가지는 특징을 실증분석을 통하여 알아보고자 한다.

• Proceedings of the Korean Society of Computer Information Conference
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• 2020.01a
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• pp.87-88
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• 2020

본 연구는 국내 ICT산업에서 국제합작투자 기업들을 대상으로 합작사업 참여기업 간 통제유형에 따라 참여기업간 유대강도 및 합작 성과에 어떠한 영향을 주는지를 살펴보고자 하는 실증연구이다. 본 연구에서는 통제유형별(산출통제(Output Control), 과정통제(Process Control), 사회적통제(Social Control))로 국제합작사업 참여기업 간 유대강도에 및 합작성과에 어떠한 유의한 영향을 미치며 또한, 국내 ICT산업에서 국제합작사업에 참여하는 기업들의 특징을 실증분석을 통하여 알아보고자 한다.

• Journal of the Korea Society of Computer and Information
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• v.24 no.11
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• pp.187-193
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• 2019

The study is to investigate the impact of the knowledge sharing and utilization among the participants in international joint ventures on the characteristics and the joint venment performance of the participants. The specific areas of the investigation for significant impacts of knowledge sharing & utilization by international joint ventures are contract compliance, motivation & willingness for business participation, management autonomy, organizational culture and the joint performances, and the characteristics that are unique to the participants in international joint ventures are empirically investigated as well. The findings of the empirical analysis are as follows: knowledge sharing & utilization has positive impacts on the areas of contract compliance, management autonomy, motivation & willingness for business participation and organizational culture, and, in return, the areas of contract compliance, managerial autonomy, and motivation & willingness for business participation appeared to have positive effects on their joint venture performances.

• Journal of Technology Innovation
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• v.15 no.1
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• pp.175-201
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• 2007

Licensing contracts between partners in International Joint Ventures(IJV) have not only aspects of relation contract, which is interdependent and long-term cooperative relationships in interpartner but also aspects of discrete contract which is exposed to opportunistic risk caused by IJV partners who maximize individual profit instead of joint payoff maximization. In this circumstance, appropriate compensation structures such as lump-sum and royalty can reduce conflicts and spur interpartner cooperation. In addition, compensation structures that stipulate each party's rights, duties, and responsibilities under various sets of environmental conditions have strong implications for transaction cost minimization and joint payoff maximization. On the other hands, compensation structures such as lump-sum and royalty in IJV licensing contract have benefits and costs depending on IJV partners uncertainty, partner dependency, and environment uncertainty. Therefore, the purpose of this paper is to empirically show how partner uncertainty, partner dependence and environment uncertainty influence compensation structure chosen by licensor in IJV.