• Journal of Korea Trade
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• v.24 no.3
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• pp.55-72
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• 2020

Purpose - In this paper, we provide recommendations for Korea's long-term direction and strategic measures to attract inward foreign direct investment (FDI) in response to Japan's export regulations. In doing so, we analyze the current situation and characteristics of trade between Korea and Japan, focusing on the parts and materials industry, which is particularly affected by Japan's trade regulations. Design/methodology - Based on the analysis of five successful inward FDI cases (e.g. Toray, IGK, Delkor, GlobalWafers, DuPont) and statistic trend review in the parts and materials industry, we consider various factors pertaining to successful inward FDI in Korea and propose valuable investment attraction strategies. Findings - For a successful investment attraction strategy, we studied some statistical trends in the internal and external environments of the parts and materials industry and successful investment attraction cases in Korea. We have found that in order to increase the probability of success in attracting investment, we need a mid-to long-term strategy considering multiple factors such as "Production-oriented, Demand-linked, Global Value Chain (VGC) linked, and Policy-linked investment attraction." Originality/value - We suggest several specific measures and important strategic implications for the Korean government and firm's managers to attract inward FDI successfully.

• Journal of Venture Innovation
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• v.2 no.2
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• pp.31-46
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• 2019

Materials and Parts acts as the bridge in the manufacturing industry. In 2018, the materials and parts industry became the leading industry in Korea as its export reached $316.2 billion, accounting for 52.3 percent of the country's total exports. As such, it is the main industry of Korea leading the trade surplus, but when it comes to Japan, it is not. The trade deficit with Japan shrinks to $24 billion last year but the materials and parts industry still accounts for 60 percent of total deficit, which is about $15.1 billion. Today Japan has the top competitiveness in the high-tech materials and parts industry and the factors can be found in cooperation and symbiosis among companies, monotsukuri spirit, and long-term government policy. In order for Korean economy to pursue the Japan's high-tech materials and parts industry, the following change of perception is necessary. First, the material and parts industry requires win-win cooperation. In general, materials and parts are intermediate products. Therefore, it is important to understand the characterist that the transactions are all made up between companies not the with consumers. Second, expansion of joint technology development is absolutely necessary. South Korea is a leading country in the field of general-purpose materials and parts. However, the research shows that South Korea has structure which small and medium-sized companies could have difficulties in developing high-tech products as finding demand and developing market are hard due to low participation of large corporations at R&D stage. It is necessary for large corporations to participate in joint R&D and share opinions of customers from the beginning stage of R&D. Third, a long-term approach is needed. Structural vulnerabilities in the Korea's materials and parts industry, including the lack of advanced technologies is the main reason of solidification of Korea's trade deficit with Japan but there are also cultural differences about technology in the background. Even if it takes time, a long-term approach is absolutely necessary to build up technology and know-how in order to secure competitiveness in the high-tech materials and parts industry. This approach applies to act of corporation and government policy.

• Journal of Powder Materials
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• v.21 no.3
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• pp.235-240
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• 2014

The basis of the cobalt demand analysis by use was established via the investigation and analysis of the cobalt materials flow, and the overall cobalt metal material and parts industry structure in Korea was examined to determine the cobalt material flow. The markets of the cobalt material for machinery were studied, including their interrelations, via market and study trends, and relevant plans were examined. The results of the study indicated that the advanced core technology for advanced industry and technology-intensive industry development is required to structurally innovate the parts materials and basic materials industries and to upgrade the catch-up industry structure to the new frontier structure.

• Journal of the Korea Convergence Society
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• v.12 no.2
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• pp.279-285
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• 2021

The materials, parts, and equipment industries are the backbone of the manufacturing industry and a key element of competitiveness. However, in the case of Korea, as it relies on foreign countries for core materials, parts, and equipment, it is in danger of not only industrial competitiveness, but also security. This study first looked at the outline and current address of the materials, parts, and equipment industries, identified problems and improvements, and examined the efforts and achievements so far for the localization of materials, parts, and equipment in Korea. In addition, after looking at the improvement measures for the government's material, parts, and equipment industry at the institutional level or at the ecological level, the current status and actual condition of localization of local materials, parts and equipment were investigated, and problems and improvements were analyzed. Lastly, this study presented a technology development plan for localization of parts and materials in the region and various institutional improvement plans related to commercialization.

• The Journal of the Korea Contents Association
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• v.2 no.1
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• pp.52-58
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• 2002

The purpose of this study is to investigate validity of integrated information system for materials & parts industry. This purpose is carried out using cost-benefit analysis. In cost analysis, we use a present value of budget of KISTI. In Benefit analysis, we use a present value of investment on information of materials & parts industry. In the result of cost-benefit analysis, us can find that cost-benefit ratio is 4.67.

• Transactions of Materials Processing
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• v.19 no.8
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• pp.523-528
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• 2010

The forging industry is composed of those plants that make parts to order for customers; or make parts for their own company's internal use; or make standard parts for resale. Also, the forging industry is closely related with automobile industry and ship building industry - Korea's major export industry. But, it is hard to find the Korea's forging industry's statistical analysis because it is not revealed with final product. In this paper, we perform statistical analysis using the micro data service provided by the Statistics Korea. We focus on the analysis of production costs as well as the status of forging company and their employee.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.8
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• pp.246-253
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• 2018

The main industries in Chungcheongbuk-do are the smart IT parts; bio-health; and transportation machinery, materials and parts. The transportation, machinery, materials and parts (TMMP) industry is a key source technology for environmentally friendly and intelligent vehicles related to future vehicles in the machinery sector. Business support projects to improve this industry are currently underway. In this study, the number of enterprises, number of employees, amount of shipment, and added value of the enterprises in Chungbuk area were analyzed for the downstream and rear industries of the transportation, machinery, materials, and parts industry to set targets and directions for the technical support projects during the enterprise support. In particular, for the SMEs with less than 50 employees, the changes in the value added per enterprise were analyzed according to the period from the year of foundation. In the case of the rear industry, the value added by companies within three years after foundation has decreased gradually each year, so technical support is needed at the beginning of the startup. Companies between the ages of five and nine years are showing a fluctuating trend each year. Therefore, it is necessary to support business diversification or find new items.

• Journal of the Korean association of regional geographers
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• v.7 no.2
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• pp.55-70
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• 2001

This research is to analyze spatial characteristics of labor process at the labor properties in footwear industries in Busan Metropolitan area. The production process of a footwear industry is mainly composed of the development and production of goods and design, the development of component parts and materials and the assembly of parts to be end products, and the marketing. Each process inclines to concentrate in a region having the needed labor; therefore, a manufacturing factory for each process attempts to be located at the different places. The critical core functions such as the development of products and design, the development and production of critical component parts and material, and the marketing are carried out by manufacturing companies with the trademark of the products. These functions intend to be located in the Sasang industrial complex in Busan city and Seoul metropolitan area. The function such as the development and production of major component parts and materials needs high skilled technicians and well trained laborer, and inclines to be located in traditional footwear industrial regions. The assembling process is carried out by skilled females and/or unskilled labors, and attempt to be accompanied with critical core functions or outsourcing. This process has been spatially concentrated in the traditional footwear industrial areas; but recently it extends to the developing countries. The development and production of materials and the production of component parts mainly depending on male labors incline to be located in the developed countries for critical core component parts and materials, and to be located in Busan for major components parts and materials. The production of standardized components parts and materials are carried out in the less developed countries.

• Journal of the Korean Society for Heat Treatment
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• v.36 no.6
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• pp.396-401
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• 2023

Aus-tempering heat treatment is suitable for thin and small-sized in precision parts. However, the heat treatment process relies on the experience and skill of the operator, making it challenging to produce precision parts due to the cold forging process. The aims of this study is to explore suitable machine learning models using data from the aus-tempering heat treatment process and analyze the factors that significantly impact the mechanic properties (e.g. hardness). As a result, the study analyzed, from a machine learning perspective, how hardness prediction varies based on the quenching temperature, carbon (C), and copper (Cu) contents.

• Journal of the Korea Safety Management & Science
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• v.24 no.2
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• pp.127-134
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• 2022

Production management in the automobile parts industry is carried out according to the production plan of the customer, so it is important to prevent shortages in product supply. As the product composition became increasingly complex, the MES System was built for the purpose of efficient production plan management and inventory management, but its utilization is low. This study analyzed the problems of the MES system and sought to improve it. Through previous studies, it was confirmed that the inventory management of the pull approach that actually occurred in the warehouse is more suitable than the push approach based on the forecast of the warehouse for the volatility, complexity, and uncertainty of orders in the auto parts industry. To realize this, we tried distributed MRP by using the ADO function of VBA to link the standard information of the MES system with Excel and change the structure of the BOM table. Through this, it can help increase the accuracy of production planning and realize efficient inventory management, thereby increasing the utilization of the MES system in the auto parts industry and enhancing the competitiveness of the company.