• Title/Summary/Keyword: trade trends

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Growth Strategy and Privatization of Chinese Airports: Implications for IIAC (중국공항들의 성장전략과 민영화: 인천국제공항에 대한 시사점)

  • Choi, Gyoung-Gyu
    • International Area Studies Review
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    • v.13 no.3
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    • pp.551-581
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    • 2009
  • This case study explores the stock sale, the resulting governance structures, and the airport management and development in Beijing Capital International Airport and Shanghai International Airport at Pudong. It is imperative for Incheon International Airport Corporation (IIAC) to change the management paradigm to survive in the changing environment and to become hubs in the relevant regions. And IIAC needs to search for the new ownership and governance structure to cope with the internal and external demands for innovation. In this study, along with the recent trends of the global airport industry, we suggest the implications for the IIAC's major decisions, especially, for the stock sale, the resulting governance structure, and the airport development and management. It is suggested that Korean government retain the majority control in the process of privatization to keep IIAC as a government-owned enterprise to provide the public goods to the citizen. Furthermore, to maximize the value of stock sale, IIAC needs to decide strategically the time and speed in the hybrid form of stock selling using trade sale and IPOs.

Digital Marketing in the Condition of Wartime Posture in Ukraine

  • Dubovyk, Tetiana;Buchatska, Iryna;Diachuk, Iryna;Zerkal, Anastasiia
    • International Journal of Computer Science & Network Security
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    • v.22 no.7
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    • pp.206-212
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    • 2022
  • Strengthening global geopolitical instability in the world leads to an aggravation of international conflicts; it destabilizes the domestic political situation in countries, violates the rights and freedoms of man and citizen, and also activates economic crime. The full-scale invasion of the Russian Federation on the territory of Ukraine and the deployment of military operations in a large territory of a sovereign country have created a number of destabilizing factors in the development of digital technologies and negatively affect the state and trends of digital marketing, which allows establishing interaction with a wide audience and facilitating the search for new customers in various places. The purpose of the research lies in substantiating the theoretical and applied principles for studying the features of digital marketing in the conditions of wartime posture in Ukraine. In the course of the research, general and special methods of economic analysis have been used and applied, namely: analysis and synthesis; analogies and comparisons; generalization and systematization; graphic and tabular methods. Regarding the results of the research of digital marketing in the conditions of wartime posture in Ukraine, it has been established that the intensification of the development of digital marketing is caused by the crisis phenomena of social-economic, social-political and military nature, as well as exacerbated by the challenges of the COVID-19 pandemic. It has been proven that highly developed countries use innovative digital technologies more effectively in the field of marketing, which indicates the importance of the Multidimensional Index of Digitization (the USA - MID: 0,92-0,92; the UK - MID: 0,80-0,97; Japan - MID: 0,80-0,88; Canada - MID: 0,78-0,81; Germany - MID: 0,78-0,88; France - MID: 0,72-0,76), however, the developing countries record much lower values (Ukraine - MID: 0,22-0,48). Accordingly, the level of cybersecurity in highly developed countries is also significantly higher than in transitive countries, in particular, in the United States (GCI: 0,919-0,999); Great Britain (GCI: 0,783-0,995); Canada (GCI: 0,818-0,978) and in Ukraine (GCI: 0,501-0,661).

Recent Trends in OECD Guidelines for Multinational Enterprises and their Implications: Focusing on Korea NCP's Countermeasures Strategy for Peer Review (OECD 다국적기업 가이드라인의 국제적 동향과 시사점: 한국 NCP의 동료평가(Peer Review) 대응방안을 중심으로)

  • Ahn, Keon-Hyung
    • Korea Trade Review
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    • v.42 no.4
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    • pp.159-184
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    • 2017
  • OECD MNE Guidelines ('OECD Guidelines') was set forth in 1976 as a form of annex to the OECD Declaration on International Investment and Multinational Enterprises. The objective of the OECD Guidelines is to fulfill the implementation and adoption of the Responsible Business Conduct ('RBC') among the adhering states. To further the effectiveness of the OECD Guidelines, OECD, specifically the Investment Committee of OECD, has utilized National Contact Point ('NCP') structure. According to the Procedural Guidance annexed to the OECD Guidelines, peer learning is prescribed as an important tool for promoting and facilitating the implementation procedures of the OECD Guidelines. This paper, inter alia, is mainly focusing on the peer review mechanism applicable to NCPs because negative assessments by peers are likely to harm Korea's state image and entail international criticisms even though such reviews are conducted voluntarily. In addition, the Working Party on Responsible Business Conduct ('WPRBC') decided to have a peer review of Korean NCP in 2019. This paper first outlines the meaning and current applications of the peer review mechanism, and then analyzes specific peer review cases conducted in Denmark and Belgium in 2015, and in 2016, respectively. Lastly, based on the issues handled in the peer review reports on the above states, this paper makes a few recommendations for Korean government to prepare the peer review scheduled in 2019.

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An Empirical Study on the Effect of IFDI on the Regional Growth in Korea (한국의 IFDI유입이 지역성장에 미치는 영향에 관한 실증연구)

  • Choi, Won-Seok;Hong, Seung-Lin
    • Korea Trade Review
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    • v.42 no.1
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    • pp.217-236
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    • 2017
  • The purpose of this study is to analyze the effects of IFDI on the regional growth of 16 subregions in Korea during 2000~2014 by applying the System GMM. As a result of the analysis, the IFDI flowed into Korea has showed a positive effect on regional economic growth such as capital formation, job creation, and export expansion. but import has showed a negative effect. and Human capital has showed a positive effect but not statistically significant. meanwhile, IFDI which was flowed in the regions has showed a positive effect on the GRDP of DK regions including Daegu and Kyongbuk, while the GRDP of Metropolitan including Seoul, Incheon and Gyeonggi and BUK regions including Busan, Ulsan, Kyongnam has showed a negative effect. there were observed similar trends in the complementarities between IFDI inflows and human capital. This study has confirmed that IFDI flows into Korea are an important factor for regional growth, but the growth effect on GRDP in the region differs according to regional characteristics. Therefore, this study has suggested that it is urgent to reorganize the industrial structure along with the IFDI attraction strategy suitable for regional characteristics in order to expand the growth effect of IFDI flowed into the regions.

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Predicting the Baltic Dry Bulk Freight Index Using an Ensemble Neural Network Model (통합적인 인공 신경망 모델을 이용한 발틱운임지수 예측)

  • SU MIAO
    • Korea Trade Review
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    • v.48 no.2
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    • pp.27-43
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    • 2023
  • The maritime industry is playing an increasingly vital part in global economic expansion. Specifically, the Baltic Dry Index is highly correlated with global commodity prices. Hence, the importance of BDI prediction research increases. But, since the global situation has become more volatile, it has become methodologically more difficult to predict the BDI accurately. This paper proposes an integrated machine-learning strategy for accurately forecasting BDI trends. This study combines the benefits of a convolutional neural network (CNN) and long short-term memory neural network (LSTM) for research on prediction. We collected daily BDI data for over 27 years for model fitting. The research findings indicate that CNN successfully extracts BDI data features. On this basis, LSTM predicts BDI accurately. Model R2 attains 94.7 percent. Our research offers a novel, machine-learning-integrated approach to the field of shipping economic indicators research. In addition, this study provides a foundation for risk management decision-making in the fields of shipping institutions and financial investment.

Directions for Professional Development of Agricultural Extension Educators in Korea (농촌지도공무원(農村指導公務員)의 전문성(專門性) 향상(向上) 방안(方案))

  • Kim, Sung-Soo
    • Journal of Agricultural Extension & Community Development
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    • v.1 no.2
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    • pp.147-163
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    • 1994
  • Agricultural extension programs in Korea had focused mainly on increased production, and the biggest pride of extension was the achievement of rice self-sufficency in 1970s and abundant vegetable and animal production in 1980s. Farming in Korea has changed rapidly in recent years and extension system on commercialized crops have not been satisfactorily developed to mete farmers` demands. Facing the emerging challenges of international competition and trade liberalization for agricultural commodities, the goals of extension should be focused on increased income and the welfare of coral communities. The transfering of agricultural extension educator from central government jobs to local ones has emerged recently under the trends of localization which resulted unstable job environment of extension educator. Intensive pre-service and in-service training of extension workers on current and advanced techologies are essential to upgrade the quality of extension services, and the future directions for professional development of agricultural extension educators in Korea were suggested as follows: 1. Establishing a national network on agricultural extension system to promote exchanges of information among counties and provinces, to conduct meetings and to publish information on agricultural extension. 2. Determining the implications of recent national and global trends on agricultural extension, and strenthening communication at local, national and international levels for an effective extension system in the era of localization, internationalization and globalization; 3. Recognizing the effect of number and quality of extension staff on the impact of extension and providing opportunities development and advancement of extension personnel through education, training, incentives and rewards; 4. Giving a higher priority to agricultural extension in national policies in order to ensure the adequacy of budgetary support and recognition of importance of extension by the ministries concerned and mass communications.

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Research Trends of Fashion Field among Chinese Students in Korea - Focused on Graduate Degree Thesis - (재한 중국인 유학생의 패션 분야 연구 동향 - 대학원 학위논문을 중심으로 -)

  • Wei, Fei;Park, Eun Kyung
    • Journal of the Korean Society of Costume
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    • v.66 no.1
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    • pp.58-72
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    • 2016
  • Since the mid 2000s, a large number of Chinese students have come to Korea to study. This study investigates the research trends of Chinese students studying in the fashion field in Korea. For this study, a total of 235 graduate degree theses on fashion written by Chinese students in Korea (from 1992 to 2014) were collected through the RISS website. Various keywords were used to find the theses, including fashion, clothing and costume. Factors used in the analysis of these theses were the number of theses per year, major of the student, research trend of specific areas and research target area. The results are as follows: Most of the theses were written by Fashion/Clothing majors (141 theses/60% of the total), while other majors - such as Business Administration, International Trade, Economics, Journalism/Broadcasting, and Movie Entertainment - made up the rest (94/40%). The theses researched in the study were focused on a specific field in fashion. Fashion Marketing/Socio-Psychology of Clothing was the most popular field (113/48.1%), and Fashion Design/Aesthetics came in second (87/37.0%). Other topics, such as Costume History, Clothing Construction/Textile Science, Costume Culture, followed. Chinese student's research target area was very limited, with Chinese Study being the most popular area, and Korean and Chinese Comparative Study coming in second.

Implications from Shipbuilding Industry Failure Case (조선산업 실패 사례를 통해서 본 시사점)

  • Park, Hui-Yo;Han, Jeoung-Hee
    • Journal of Industrial Convergence
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    • v.14 no.2
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    • pp.33-38
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    • 2016
  • The Korean shipbuilding industry, which started in the 1970s with the advance of three shipbuilding companies, has been ranked as the world's largest and most successful model of the heavy and heavy chemical industry in the world since the 1990s, and has become a driving force for Korea's economic growth for several decades, including job creation and trade surplus. The domestic shipbuilding industry has won a lot of orders in favorable market environment, expanded facilities and manpower, built many ships and delivered them to shipowners, earning a lot of foreign currency and creating a 'successful myth.' However, when the global economic crisis broke out in 2008, shipbuilding in Chosun was stagnant and shipbuilding orders sharply decreased.As the facility and manpower increased in the boom period, the economy and the facilities become overcrowded as a result of the crisis, signs of a crisis in 2013 begin to appear. In 2015, three major Korean shipbuilders lost more than 6 trillion won in operating losses. Now, Korea's shipbuilding industry is facing a crisis such as massive insolvency and restructuring. Would not it have been possible to prevent the loss and restructuring of a trillion won if we recognized the recession of the global economy and understood the appropriate timing of technological innovation and prepared countermeasures against the crisis? Therefore, we analyze trends and trends of global shipbuilding industry such as Europe, China, and Japan in the competition structure of the shipbuilding industry and identify the problems of our shipbuilding industry and suggest suggestions.

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Research Trends of 'One Belt One Road' in Korean Academic Circles

  • Tu, Bo;Shi, Jin;You, Nan;Tu, Huazhong
    • Journal of Information Science Theory and Practice
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    • v.8 no.4
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    • pp.40-54
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    • 2020
  • This proposed work aims to understand the Korean Academic Circle (KAC)'s research trend on the "One Belt One Road" (OBOR) by employing a quantitative analysis of the recent research articles published by the KAC. To do so, this proposed research has used the well-known network analysis software, Ucinet 6, by which the papers on related topics are collected and filtered from Korea Citation Index. To perform the analytical selection, the proposed work has chosen 'keywords' as the core research object and performed analysis from transverse to longitudinal aspects, and from holistic to individual aspects, respectively; and from this, the KAC's research trend on OBOR is derived. The present work has established that the KAC's attention is continuously increasing on OBOR and has sustainability. Centered on the OBOR, Korean researchers have spread their studies in various dimensions ranging from the issues like China's political economy to Sino-Korea economic and trade exchanges, and so on. The KAC has even combined OBOR with Korea's international development initiatives, which can help Korea benefit from active and sustainable cooperation with China. Moreover, the proposed work has found that Korean researchers have also actively expressed their growing attention, highlighted Korea's interest, and showed concern about China hegemony and Sinocentrism in their recent documented research works.

Analysis of Trends and Rate of Change in Domestic and Foreign Passenger Traffic (국내외 여객수송수단의 동향과 변동률 분석)

  • Soo-ho Choi;Jeong-il Choi
    • Industry Promotion Research
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    • v.8 no.3
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    • pp.9-17
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    • 2023
  • The purpose of this study is to look for the trends and rates of change of major passenger modes such as railway, subway, domestic shipping, domestic airline, international shipping and international airline. The data used were selected from the KOSIS, "Domestic Statistics, Statistics by Subject, Transportation and Logistics". The analysis period was 22 years from 1999 to 2020, and the annual rate of change from the previous year was calculated. In descriptive statistics, international shipping and international airlines showed relatively high volatility, whereas railway and subway showed low volatility. In the rise rate analysis, international air and international shipping dropped significantly from 539% and 368% in 2019 to 85% and 20% in 2020 due to Corona. International airline and international shipping fell significantly in 2020, but we expect them to rise again as the shock of Corona disappears in the future. Therefore, it seems that we need a project to prepare for this. International air and international shipping are expected to continue their upward trend as international trade picks up again and international travel regains its momentum.