• Journal of the Economic Geographical Society of Korea
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• v.17 no.4
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• pp.832-847
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• 2014

The main aim of this paper is to contribute to building some strategic foundations for future Korean foreign investors in Cambodia by investigating trends and institutional changes in inward foreign direct investment and working conditions in Cambodia. Rapid increase in labor costs, and investment incentives centering on high-tech industries in China and Vietnam has led to the relocation of labor-intensive industries into low wage countries since the early 2000. As a result, Cambodia has emerged as a new alternative investment region in which enable to off-set existing locational and institutional advantages, so that it has implicated in changes in Asian economic geographies. In addition, the Cambodian government has operated two labor relations projects - Better Factory Cambodia and Labor Dispute Resolution Project - with ILO to improve the working conditions of foreign investment firms. These projects could provide an insight into constructing strategies for foreign investment, and also imply institutional embeddedness in Cambodia.

• Patent21
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• s.55
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• pp.9-12
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• 2004

본 조사는 국내 진출한 외국인투자기업의 연구개발 활동에 대한 실태조사로서, 외환위기 이후 외국인투자가 크게 증가하고 있는 상황에서 실시된 본격적인 실태조사로서 의의를 지닌다. 외국인투자는 외국인이 대한민국 법인(설리중인 법인을 포함) 또는 대한민국 국민이 영위하는 기업이 발행한 의결권 있는 주식총수 또는 출자총액의 100분의 10이상을 소유라고, 최소투자금액이 5천만원 이상인 기업을 의미한다. 본서에서는 외국인투자기업의 연구개발 현황을 살피기 위해, 한국에서 출원된 특허를 통한 IT 및 BT 분야 기술 동향을 보다 객관적인 지표로 진단해보고자 한다.

• Journal of Korea Fair Competition Federation
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• no.99
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• pp.2-15
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• 2003

기업결합심사는 경쟁당국의 여러 업무 가운데에서도 경쟁당국의 전문성을 가장 잘 나타낼 수 있는 분야라고 할 수 있다. 따라서 기업결합 심사결과에 대한 순응성 및 신뢰성을 높이기 위해서는 관련규정의 객관성 및 국제적 보편성 확보는 물론 기업결합심사의 전문성을 제고시킬 필요가 있다. 이를 위해 관련 제도의 계속적인 보완, 발전을 위해 노력하여야 함은 물론 기업결합 심사능력의 제고와 함께 관련조직의 확대 개편 및 전문능력을 가진 인력 확충이 필요하다. 지금과 같이 경쟁법의 역외적용 및 경제분석 위주의 입체적 심사방식이 주류인 국제적 추세에도 잘 대응하는 것이 필요하다. 이를 위해 외국 심사당국과의 미팅, 인력 및 정보교환 등을 통한 교류나 접촉도 필요할 것이다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.7
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• pp.2930-2936
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• 2012

This paper examines the effects of corporate ownership structure variables on stock returns. The dependent variables identified in this paper include the equity ratio of large shareholders, institutional investors and foreign investors, and the control variables are firm size, book-to-market ratio, and earning-to-price ratio and leverage. This paper finds that the results of regressions say that institutional investors and foreign investors, firm size, book-to-market ratio and earning-to-price ratio can explain the differences in stock returns using panel data.

• Air Cleaning Technology
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• v.28 no.1
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• pp.29-40
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• 2015

중국의 급속한 산업화로 대기, 수질, 폐기물 등 환경오염문제가 심화, 고착화되면서 이를 개선하기 위해 중국 정부는 환경규제를 지속적으로 강화하고 있다. 또한 외국인 투자유치로 제조업 육성에 어느 정도 성공을 거둠에 따라 외국인 투자 유치와 제조업 경영활동에 있어 환경 이슈를 매우 중요시하고 있어 신규 및 사업확장에 제동이 걸리고 있다. 중국은 신규법인수 기준으로 우리나라의 최대 해외직접투자국이며, 제조업종에 대한 투자금액이 전체 투자금액의 88.3%를 차지하고 있다. 중국에 진출한 기업들은 중소기업이 전체 진출기업의 약 90%로 중국의 환경규제 강화는 중국에 진출한 우리 중소기업들에게 직접적인 영향을 미치고 있다. 중국 정부는 분야별 환경목표를 강화하고 오염물질배출 업체를 퇴출시키는 등 강력한 조치를 전개하고 있으며, 중앙 정부의 환경목표 강화 기조와 더불어 해당 지역민의 친환경에 대한 요구가 점차 커짐에 따라, 각 지방정부는 환경 관련 지역 목표 달성을 위해 업체 관리감독을 대폭 강화하고 있는 추세이다. 이러한 중국의 환경규제 강화는 진출 기업이나 진출을 준비하는 기업들의 설비투자비나 오염배출비용 부담 증가 등 상당한 리스크로 작용하고 있으며 향후에도 중국의 환경규제 강화 기조는 지속될 것으로 전망된다. 실제 중국에 진출한 기업들은 환경규제를 직접적으로 체감하고 있다. 규제집행의 강도가 눈에 띄게 높아져 엄격한 기준을 적용받고 처벌수위 역시 높아졌으며, 과거 관시를 통해 원만한 해결이 가능했다면 이제는 환경규제에 대해 원칙적이고 보수적인 공무원의 태도로 인해 관시로도 해결이 어려운 경우가 다반사이다. 또한, 주민들도 환경규제에 대한 인식수준이 높아짐에 따라 미미한 사안에도 즉각적인 반응을 보여 민원제기 사례가 빈번히 발생하고 환경안전 기준이 점점 높아짐에 따라 이에 대응하기 위해 환경안전 설비추가, 친환경연료 사용 등 추가적인 비용이 발생하고 있다. 이에 이미 진출한 기업들은 소재지 환경규제의 강화 전망 및 이로 인한 손실정도를 사전에 파악하고 다양한 옵션에서 대응전략을 마련해야 하며, 향후 중국 진출계획을 가지고 있는 기업들은 진출에 앞서 지역별로 차별화된 시장기회와 환경규제 강도 등 현지 실사를 통한 현장중심 리스크 분석을 실시해야 한다. 또한 이미 진출한 기업 및 진출예정 기업 모두 환경규제가 강화되고 있는 중국에서 사업을 하기 위해서는 법규와 기본원칙을 반드시 준수하고 규제가 더 강화될 것 이라는 기조를 인식할 필요가 있다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.1
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• pp.101-108
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• 2013

In this paper, we examine the impact of family ownership mechanism on the firm's debt policy. Our results show that family firms tend to have a lower debt level, compared with non-family firms. Foreign investors are found to lead to a reduction in the firm's debt level through their monitoring incentives for dominating large shareholders. The firm's profitablily is related to a lower level of debt, whereas higher tangible assets and firm size are positively associated with high debt ratios due to the possibility of large collateral assets. Some implications are that foreign investors can reduce the agency costs of dominating large shareholders in family firms through monitoring activities, thus enhancing the efficiency of business decision-makings.

• Korean Business Review
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• v.16
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• pp.169-184
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• 2003

IR(Investor Relation) is an active management activity to provide well balanced information to investors which can reduce asymmetry of information between investors and management. This activity could contribute to the long-term development of corporation with increased mutual trust between investors and management. Consequently, in these days, ill is widely recognized as an effective measure of securing corporate transparency, maximization corporate value, and stock-holder oriented management. The purpose of this study is to examine the effect of corporate IR activity on investment behavior as well as stock price. It is assumed that if asymmetry of information between investors and management is cured by active ill activity from a corporation, with more transparent and reliable information of the firm at hand investors would more actively involved in trading. Statistically speaking, I assumed that the more information provided by ill activities, the higher value of a corporation at the stock trading.

• Journal of the Economic Geographical Society of Korea
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• v.3 no.2
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• pp.43-61
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• 2000

This study investigate the spatial characteristics and corporate networks of foreign business service firms in Korea. Specifically intrafirm and extrafirm organization of foreign firms are addressed utilizing the corporate network perspective. For this purpose, this study conducted questionnaire and interview surveys for the foreign firms. Parent-subsidiary relationships are focused on the mechanisms by which Transnational Corporations (TNCs) headquarters control and coordinate their foreign affiliates and subsidiaries in order to achieve investment purpose in Korea (overseas market expansion). But extrafirm networks of foreign business services firms in Korea do not appear to play an important role in regional development to date. A low proportion of foreign firms is engaged in academics-industry linkages, and a low number o( foreign firms is formally linked with government organizations, research institutes, and trade associations. To conclude, Foreign direct investment firms in business services in Korea are characteristics by globalized intrafirm networks and localized interfirm and extrafirm networks. It is understood that regional development can be vitalized when Korean local firms have close relationships with technologically advanced foreign firms in tacit knowledge capacity. Foreign firms are able to play an important role in the development of business services in Korea. This study suggests that regional foreign direct investment policy should be targeted towards the corporate networking with foreign firms and domestic firms and incrementation of the potential of foreign firms as a knowledge-intensive industry.

• International Commerce and Information Review
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• v.16 no.2
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• pp.23-44
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• 2014

This study examined the relationship between entrepreneurship, learning competence and the export performance of international new ventures that enterprises entering foreign markets immediately after starting their business in Korea, and the mediating effect of learning competence. A research framework was developed with two entrepreneurship factors(risk taking and innovativeness), learning competence factors, and export performance. Six hypotheses were proposed and tested on 115 samples using LISREL. Research findings suggest that the two entrepreneurship factors positively influenced learning competence. However, export performance was affected by only innovativeness. Also, the learning competence positively affected export performance. Learning competence was found to mediate between entrepreneurship and export performance.

• Journal of the Economic Geographical Society of Korea
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• v.5 no.2
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• pp.249-275
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• 2002

Iksan Export Free Zone which was established for the export promotion, the employment augmentation, the technological improvement and the regional development promotion through the attraction of foreign direct investment is declining function with diminution of foreign direct investment, exportation and employment since the middle of the 1980s. The decline factor of the function was inherent in disregard of the necessary locational factors for Export Free zone's function promotion and without respect to conditions in a choice of location. And the present labor intensive industrial structure of region has some difficulties with a modification of Export Free Zone's industrial structure to a technology intensive industry. According to the lack of coherent policy, a limited plottage and a lack of the extensible space decrease the effect of agglomeration and economic of scale. And the lack of governmental policy to create a dynamic advantage comparative with an amelioration of the locational conditions of region diminish the regional attractive force to foreign direct investment.