• KDI Journal of Economic Policy
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• v.28 no.1
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• pp.95-116
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• 2006

Traditionally, foreign labor inflow into Korea has been rare and, hence, issues on foreign workers did not draw much attention. However, changing economic conditions of the Korean economy, such as "labor-shortage" problem in SMEs in manufacturing sector, has made the Korean government open its door to the foreign workers since the early 1990s through the Industrial Trainee System. The inflow of foreign workers, on the other hand, has generated various social and economic problems, such as substantial increase of illegal over-stayers, illegal utilization of foreign unskilled workers by domestic SMEs, to name a few. Against this background, the Employment Permit System was implemented from 2004. This new system aims at supplying foreign workers to SMEs as well as protecting them as legal 'employees'. In any case, it is very important to understand how and to what extent the inflow of foreign workers have affected the Korean economy in order to establish long-term policy stance. This paper aims to empirically assess the economic impact of foreign workers on domestic workers in the manufacturing sector during 1997~20001, focusing on the Industrial Trainee System. The empirical results of the paper can be summarized as follows. First, there is some evidence that male semi-skilled workers are the group that is likely to have been displaced by industrial trainees. Second, we were unable to find any strong evidence suggesting that the inflow of foreign industrial trainees decreased wages of less-skilled Korean workers.

• Management & Information Systems Review
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• v.35 no.1
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• pp.143-154
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• 2016

In this research, The new CEO is expected to increase a reporting income through earning management for individual benefit such as a good reputation, high compensation and CEO' s contract extension in the early years of service, of which may influence value relevance of the accounting numbers. We investigate the change of value relevance from 2004 to 2014, compare firms with a change of CEO and firms with non-change of CEO and analysis the value relevance in the early years and in the late years of the new CEO. The results of research are as follows. First, value relevance of EPS of firms with change of CEO are decreased, whereas value relevance of BPS are increased in the regression of all sample. Second, value relevance of EPS are decreased, whereas value relevance of BPS are increased in the early years of the new CEO. This research makes a contribution to provide the first proof about influence of value relevance by the earning management in the early years of the new CEO in Korea.

• Journal of the Korean Society of Food Science and Nutrition
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• v.32 no.2
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• pp.256-262
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• 2003

In order to design and develop a product that can treat the fatty liver, natural complex food with all natural ingredients was developed and supplemented to rats with high fat diet to induce fatty liver. As a result, when the amount of natural complex food was increased in diet of subjects, the activities of the blood serum AST, ALT, ALP, 3-GT and LDH were decreased. The total protein concentration levels of the 30% and the 50% natural complex food groups did not show changes in respect to the control group, but the 100% natural complex food groups showed significant decrease (p<0.05). Likewise, the amount of blood serum albumin in the 30% and the 50% natural complex food groups did not show improvement, but the 100% natural complex food did showed significant changes (p<0.05). The amount of blood serum triglyceride decreased as the amount of natural complex food was increased. In order to investigate the appearances of the accumulated fat in the liver, the animals were dissected. Livers of the control group (no natural complex food) were appeared as a white color, which means serious fat accumulation. However, all the natural complex food groups (30,50 and 100% natural complex food) showed noticeable decrease of fat content. Even the histology showed that livers of the control group had expansion of the fat, but a11 the natural complex food groups had e decreased as the contents and continued to show destroyed fatty cells. By observing the biological numeric data, the physical appearance and the history of the fatty liver, it is highly expected that natural complex food is very effective in treating the liver damaged -by the to fat and the cholesterol.

• The Journal of Sustainable Design and Educational Environment Research
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• v.19 no.4
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• pp.15-25
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• 2020

The results of this research and analysis are as follows: First, it was possible to subdivide the increasing and decreasing trends of regional student numbers in Seoul into a total of 57 types by discovering additional 22 types through the Seoul City survey analysis of the 35 existing types, and it was found that there were 14 types that had not appeared in Seoul contrary to the nationwide appearance. Second, among the 43 types in Seoul, the most long-term decline types accounted for 71.3% in the order of A6 type> A8 type> A17 type> A2 type> A1 type> A18 type. The most long-term type of a new school was Nl4 type. Third, among the long-term decline types, there were many types that prevented the decrease in the number of students, such as the type A2, type A3, type A13, and type A15, in Gangnam School District 8, whereas in the non-Gangnam area, there were many other types of student decrease. The difference in distributions of types among regions was clearly seen. Therefore, in Seoul, which is mostly an urban area, it is necessary to carefully investigate and analyze the regional characteristics of each of the 11 Education Support Offices and to establish a school accommodation policy that reflects these results.

• Journal of the Korean Society of Groundwater Environment
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• v.2 no.1
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• pp.38-47
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• 1995

This study was carried out in order to provide basic information on neutralization processes of acid mine drainage (AMD) from the abandoned Donghae coal mine in the Samchuk coalfield. The contents of potentially toxic elements in stream water increase and the level of pH decreases during dry season. Hydrated lime is turned out to be the best neutralizer of the acid mine water from a technical and economic viewpoint. From the results of equilibrium calculation, Fe and Al could be precipitated as FeOOH, and Al(OH)$_3$, respectively, in the neutralization process. The sites of holding basins necessary to equalize quantity and quality of AMD are recommended by GIS analysis, and the capacities of holding basins are determined by hydrological calculation.

• Journal of the Korean Wood Science and Technology
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• v.41 no.6
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• pp.490-496
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• 2013

The board using recycled wood waste chip tends to decrease in terms of physical and mechanical properties. The reasons are notably different shape of chips, components of used adhesive and impurity content, which bring the irregular quality and downgrading of board. More over, the board has higher emissivity of formaldehyde than regular board, because recycled chip contains adhesives that were used to make previous products. This low quality of products weakens the price and quality competitiveness, and it led to bringing the issue of problem in Korean board industry. For these reason, in this study, boards using byproducts of plywood were made to evaluate physical and mechanical properties according to manufacturing conditions. As a result, The board was consists of 4~16 mesh chips for core layer and veneer on both face and they were combined using EMDI, and its' bending strength was 57.7 $N/mm^2$ which is 215% higher than that of OSB (26.8 $N/mm^2$). Moreover, the emissivity of formaldehyde was 0.7 ppm, this board seems to substitute OSB for rated sheathing.

• Journal of The Korean Association For Science Education
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• v.32 no.1
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• pp.146-159
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• 2012

The purpose of this study was to examine the relation between students' reflective thinking and providing the reading framework in implementation of argument-based inquiry using the Science Writing Heuristic (SWH) approach. Participants of this study were 60 $8^{th}$ grade students (two classes). One class (31 students) was assigned to an experimental group and the other class (29 students) was assigned to a comparative group. For the experimental group, five activities using the reading framework with SWH writing template were implemented, while three activities using the reading framework with the SWH writing template and two SWH activities without the reading framework were implemented for the comparative group. The result of this study showed that there was no significant difference in students' reflective thinking between both groups. However, results indicated that providing the reading framework with SWH approach facilitated students' reflective thinking. Therefore, the findings show that providing the reading framework consistently in the SWH approach was effective when it came to facilitating students' reflective thinking.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.1-24
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• 2008

We empirically examined the forecasting abilities of analysts in the Korean stock market with regard to their earnings estimates, and the impacts of their reports on stock prices. Further, we also examine if there is any difference in analysts' forecasting accuracy and stock prices impacts depending upon the geographical distance between analysts and companies they follow. We found the following interesting empirical results. First, analysts have tendency to overestimate sales, operating income, and net income, consistent with the previous literature. Second, the degree of overestimation depends upon the geography of companies. That is, it is smaller for companies headquartered in Seoul than companies in local provinces. Third, analysts' earnings estimates are also more accurate for companies located in Seoul. So, we conjecture that analysts have easier access to the information for the companies. Fourth, when analysts downgrade target prices, companies in Seoul are less negatively affected than those in local provinces. Even when analysts revise downward stock recommendations, stock prices of companies in Seoul go up. Overall, analysts' price impacts are more favorable for Seoul-located companies. Last, but not least, when foreign ownership is higher, investors react less negatively to downward revisions of stock recommendation, but react more negatively to downward revisions of target prices.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.1
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• pp.1-12
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• 2022

This paper examines the influence of the portion of lead investors and investors' status on the investment performance of venture syndication. According to existing literature, multiple investors in VC syndicates can positively impact investment performance by investing both tangible and intangible resources in target companies based on market influence or high visibility. On the other hand, the presence of multiple leaders can cause conflicts in formulating and implementing investment strategy or free-riding problems or increase entry barriers for potential investors, lowering additional investment from existing investors. Therefore, we hypothesize that the relationship between proportion of lead investors and investment performance is inverted-U shape. Moreover, we predict that the status of VCs in the syndication will moderate the relationship between proportion of lead investors and investment performance since high-status actors are less likely to cooperate with or yield power to others. We tested these hypotheses using 24,677 VC syndicated investment data from 1991 to 2005 and found solid supports for the hypotheses. The findings suggest that firms need to consider relationship-based power dynamics among investors within a syndication and design effective role setting and coordination systems.

• Journal of the Economic Geographical Society of Korea
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• v.15 no.4
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• pp.752-765
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• 2012

We analyze the relation empirically between regional labor market characteristics and job matching efficiency with the adaption of stochastic frontier production function. Our empirical results suggest that, as both the ratio of 50 years-old-job seekers and the level of spatial density increase, job matching efficiencies also rise. In contrast, an increase in the ratio of firms which offer permanent contracts lowers job matching efficiencies. And the job matching efficiency is relatively higher in metropolitan areas. Finally, We find a negative relation between total industrial production and job matching efficiency, which implies that job seekers tend to accept uncongenial jobs in the recessions.