• Title/Summary/Keyword: technological trend

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FDI and the Evolution of Directed Technological Progress Bias: New Evidence from Korean Outward Investment

  • Boye Li;Xiang Li;Yaokun Wu
    • Journal of Korea Trade
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    • v.27 no.5
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    • pp.1-22
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    • 2023
  • Purpose - Southeast Asia has been the focus of Korea's foreign investment. Korea has been helping developing countries in Southeast Asia achieve economic growth and win-win cooperation through capital exports. FDI is an important channel for technology diffusion. However, the impact of FDI on the bias of technological progress in the host country is dependent on the host country's own endowment structure and capital-labor factor substitution elasticity. Therefore, the central issue of this paper is to accurately evaluate the impact of Korea's FDI to the four Southeast Asian countries in various industries on their bias of technological progress. Design/methodology - The paper uses macroeconomic data for Korea and four East Asian countries to estimate capital-labor factor elasticities of substitution using nonlinear, seemingly uncorrelated regressions (NLSUR). Then, the biased technological change index (BTCI) is calculated for each country. Finally, panel data analysis is used to explore the impact of Korean FDI in various industries in the four Southeast Asian countries on their own directed technological progress, and a robustness test is conducted. Findings - There is a substitution relationship between capital and labor factors based on their elasticity in Korea, Singapore and the Philippines. There is a complementary relationship between capital and labor factors in Indonesia and Malaysia. According to the BTCI, there is a trend toward labor-biased technological progress in all countries. Korean investments in manufacturing, wholesale and retail trade in the host country trigger capital-biased technological change in the host country; investments in the finance, insurance and information and communication sectors trigger labor-biased technological change. In addition, this paper also confirms that directed technological progress can enable cross-country transmission. Originality/value - The innovation of this paper lies in three aspects. First, we estimate the BTCI for five countries and explore the trend and situation of directed technological progress in each country from each country's own perspective. Second, we explore the impact of Korean FDI in the host country on the bias to its technological progress at the industry level. Second, we explore the impact of Korean FDI in various industries in the four Southeast Asian countries on the four countries' own directed technological progress from a national perspective. Finally, we propose corresponding countermeasures for technological progress from the perspective of inverse factor endowment. These innovative points not only expand the understanding of technological progress and cross-country technology transfer in East Asia but also provide practical references for policy-makers and business operators.

A Study on the Paper and Patents Trends of Electric Vehicle (전기자동차 문헌 및 특허정보 분석)

  • 나도백;김상우;이창호
    • Journal of Korea Technology Innovation Society
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    • v.5 no.3
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    • pp.354-366
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    • 2002
  • This study is a case study on the analysis of technological informations and patents in Electric Vehicle(EV). It first discusses technological trend, and second patents trends in comparison with major countries such as USA, Japan, Europe and Korea. Technological activities in EV are increasing year after year in the world. The focuses are concentrated in battery and recharging technology.

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The Trend of Blockchain in Vietnam and Its Implications for ROK

  • Cho, Hanbum (Albert);Choi, Jack;Nguyen, Huy-Nam;Nguyen, Thi-Hong
    • Journal of Multimedia Information System
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    • v.8 no.3
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    • pp.197-202
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    • 2021
  • Bitcoin and blockchain are often making headlines not only on TV or media but also among the public in today's society. These technologies have been developed after the risk of the centralized financial system came to the fore during the 2007 global financial crisis. Since then, an anonymous inventor called Satoshi Nakamoto penned the bitcoin white paper where a blockchain-based reference implementation was introduced. Bitcoin was able to achieve unprecedented growth by positioning itself as one of the top global currencies in terms of market capitalization after five years since its development. The pace of Vietnam's economic development is notably fast among Asian nations, while the nation was expected to be a Southeast Asian blockchain hub but they have banned virtual currency trading recently. However, they've also designated the State Bank of Vietnam (SBV) as a responsible agency for the research of blockchain-based cryptocurrencies, the construction of a service ecosystem, and their test operations. The fast-growing economy, increasing number of smartphone users, and the Vietnam government's support policies for startups substantiate these efforts. Therefore, this paper attempts to study the current status of Vietnam's blockchain technology that has been considered to be the center of blockchain systems right behind Singapore, and its implications for Korean companies.

Prospects and Analysis of Technological Trend To Smart Glasses Evolution (스마트안경의 기술동향 분석과 전망)

  • Park, Jong-Man;Hwang, Jae-Ryong;Kim, Ha-Jine
    • Journal of the Korea Safety Management & Science
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    • v.15 no.3
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    • pp.163-170
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    • 2013
  • There are many pros and cons for whether smart glasses and watch would be further going technology or not beyond smart phone. What have to do domestically is to find acting ways to catch up with technological gap in short term basis through analyses and investigations in technological issues, patents profile, market forecast. In this paper, firstly we investigate and review technological issues and form factors of smart glasses and HMD, and secondly analyze technological tendency and identify their core technology and intension from global key player's patents analyses connected with smart glasses, and conclusively suggest technological prospects and it's countermeasures.

A Language Model and Clue based Machine Learning Method for Discovering Technology Trends from Patent Text (특허 문서 텍스트로부터의 기술 트렌드 탐지를 위한 언어 모델 및 단서 기반 기계학습 방법)

  • Tian, Yingshi;Kim, Young-Ho;Jeong, Yoon-Jae;Ryu, Ji-Hee;Myaeng, Sung-Hyon
    • Journal of KIISE:Software and Applications
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    • v.36 no.5
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    • pp.420-429
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    • 2009
  • Patent text is a rich source for discovering technological trends. In order to automate such a discovery process, we attempt to identify phrases corresponding to the problem and its solution method which together form a technology. Problem and solution phrases are identified by a SVM classifier using features based on a combination of a language modeling approach and linguistic clues. Based on the occurrence statistics of the phrases, we identify the time span of each problem and solution and finally generate a trend. Based on our experiment, we show that the proposed semantic phrase identification method is promising with its accuracy being 77% in R-precision. We also show that the unsupervised method for discovering technological trends is meaningful.

The relationship among ESG management activities, financial performance and technological innovation in healthcare companies (헬스케어 기업의 ESG경영활동에 따른 재무성과 및 기술혁신 관계)

  • Peng Wang;Chang Won Lee
    • Korea Journal of Hospital Management
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    • v.28 no.2
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    • pp.66-78
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    • 2023
  • Purposes: This study explored the difference analysis of financial performance and technological innovation according to the ESG management activities of healthcare companies based on the time before and after the mandatory ESG management reporting of listed Chinese healthcare companies in China. Methodology: This study collected ESG management activities, corporate financial performance, and technological innovation data of Chinese listed healthcare companies by using Bloomberg Database and China-listed company reports to collect data for analyzing differences between groups through T-test. Findings: ESG activities in the healthcare industry have a certain impact on corporate financial performance, but have no impact on corporate technological innovation. Like the world trend, the ESG activities and financial results of China's healthcare industry have shown a positive development direction in recent years, and ESG scores are rising. Practical Implication: Since 2018, ESG activities in China's healthcare industry have flourished, and ESG activities and financial performance have developed in a positive direction.

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The Sources and Directions of Technological Capability Accumulation in Korean Semiconductor industry

  • Rim, Myung-Hwan;Choung, Jae-Yong;Hwang, Hye-Ran
    • ETRI Journal
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    • v.20 no.1
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    • pp.55-73
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    • 1998
  • In this paper we analyze the technological accumulation processes in the Korean semiconductor industry from the institutional approach. Institutional approach, which is closely connected with Neo-Schumpeterian tradition, has emerged as an alternative theoretical framework to neoclassical approach to understand the process of producing technological knowledge. Traditional wisdom of neoclassical approach revealed the limitation to explain the complex nature of knowledge creation and diffusion. US patent data are analyzed in terms of the increasing trend of numbers and its content to measure the rate and direction of technological capability accumulation. This analysis shows that semiconductor technologies are one of the fastest growing fields among Korean technological activities. Moreover, the analysis of patent content suggests that fabrication technologies are the most important area within the technological development of semiconductors, whilst circuit design and testing technologies are beginning to increase in significance. In addition, it is examined how private sectors and public institutions have contributed to generate technological capabilities, and the relationship between them has been changed during the development processes. It is found that Korean firms enhanced their technological capabilities from the learning and assimilation of imported technology to enhanced in-house R&D capabilities in the later stage. The support of public institution and government policy also played significant role to this successful transformation in conjunction with vigorous R&D investment of public sector.

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Patenting Trend of Internet of Things(IoT) in China (중국의 사물인터넷 특허 동향)

  • Han, Yoo-Jin
    • Journal of the Korea Convergence Society
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    • v.8 no.8
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    • pp.1-8
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    • 2017
  • Recently, the technological development in the Internet of Things(IoT) field has grown rapidly worldwide and China is also expected to show a noticeable growth trend in this field. Therefore, the aim of this research is to analyze the recent trend of Chinese patents in the IoT field. China has been very active between 2010 and 2014, surpassing USA, and the this trend will accelerate in the future. The results of the analysis are as follows. First, the number of IoT-related patents in China increased rapidly from 2010 to 2014. Second, the major actors that led this quantitative increase are firms including ZTE and higher education institutes such as Nanjing University of Posts and Telecommunications. Lastly, major technological fields and the convergence networks amongst those fields were analyzed. As a result, it was found that the patenting activity in H04L was the most active and this field has led the convergence among other technological fields.