• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.8
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• pp.563-571
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• 2020

The purpose of a utility tunnel is to prevent repeated excavation as well as disasters and calamity. Domestic utility tunnels have been built in new town development plans. Currently, it is difficult to establish a utility tunnel due to a conflict of opinions by organization and financing. In this paper, research was conducted based on systematic procedures to suggest ways of improving the activation of utility tunnels in new cities and existing cities. First, a survey was conducted on the laws and status of utility tunnels, and problems were derived based on the review and analysis of the status. Finally, a method suggesting improvement measures to solve problems was applied. Based on the related laws and problems, the status of the development project was analyzed to select the installation scale in the utility tunnel, and the appropriate scale was reviewed through economic feasibility analysis of the installation scale under 2 million square meters. Considering the new city and the existing city, it was proposed to support administrative expenses to reduce the burden on additional installation areas and occupied institutions in a utility tunnel. In addition, improvement plans were presented for the details of the master plan for reviewing the installation regional of the utility tunnel. This paper will help officials to work smoothly when planning and installing utility tunnels in the future.

• Journal of Korea Port Economic Association
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• v.29 no.1
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• pp.99-122
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• 2013

International Exposition Yeosu Korea 2012 was held from May 12th 2012 to August 12th 2012 in New Port area of Yeosu-city, Jeollanam-do, Korea. 105 Nations and 10 international organizations participated in this mega event, and the total number of visitors amounts to 8.2 million. This study appraises the effectiveness of preparation for Yeosu Exposition. The main focus of this study is not on criticizing the problems that occurred in the transport measures. Instead, it looks at the current aspects of establishment and execution process and suggests how they can be applied differently in future transport management for international mega events held in Korea. The suggestions of this study are as follows. First, when establishing transport management plans for international mega events, the geographical features and trip resistance of the venue must be taken into consideration. Second, tasks should be distributed distinctly between the central government and the local government in order to prevent any dissension or inefficiency. Third, transport management needs to be consistent and transport guidance should be efficient in an effort to minimize visitor inconvenience. Last, transport management must be regarded as objective and rational from the outside view and the budget should follow timely based on this account.

• The Journal of Small Business Innovation
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• v.20 no.2
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• pp.35-50
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• 2017

The aims of this study is to analyze the effectiveness of firms financial status quo and the scale of financial support on SMEs overall performance. We have gathered the financial guarantee data from 1998 to 2013, provided by Korea Credit Guarantee Fund (KODIT), to analyze the effectiveness of Financial policy. To classify both financial status quo and scale of financial support, we utilized the following variables; Interest Coverage Ratio (ICR) and newly guaranteed amount ratio. To take the measurement of the overall performance, we employed profitability, growth ratio and activity index. To minimize the effect of repeated financial support (redundancy benefits), firms were selected based on the following criteria: firms that receive no financial support prior to implementing such policy over the last 3 years and no new financial support over the last 2 years. Results suggest that firms with higher ICR and large newly guaranteed amount influence on financial performance in terms of profitability index. Firms with lower ICR and large scale financial support showed a better performance compare to firms with small-scale financial support. Firms with large-scale financial support, irrespective of ICR inclined to have better performance to those of small-scale financial support in terms of growth index. For activity index, however, firms with large scale support led to higher performance in the short term. In turn, our analysis presents objective perspective with respect to the effectiveness of financial policy through credit guarantee on overall performance of SMEs. This study, therefore, implies that well-balanced SMEs supporting policy may lead to better directions.

• The Korean Journal of Financial Management
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• v.21 no.1
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• pp.33-58
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• 2004

This paper tests Van Home's hypothesis, a negative correlation between degrees of operating leverage(DOL) and financial leverage(DFL). For an empirical analysis, we extract information from financial statements of manufacturing companies listed in the Korea Stock Exchange. Data extend from 1980 to 2001. The DOL continued to increase until 1997, but decreased dramatically after the IMF financial crisis. However, the DOL has been at a higher level than companies of other countries such as USA and Japan. The DFL has been maintained at a much higher level, as expected. The empirical results indicate a positive correlation between the DOL and the DFL, which is inconsistent with the VanHorne's hypothesis. To further investigate, we divide the whole sample into subgroups according to such management elements as asset size, level of leverages, earnings and cash flow. The results for sub-samples are different from those of whole sample. This indicates we need to incorporate specific managerial factors in order to correctly explain financial decision processes.

• Cartoon and Animation Studies
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• s.39
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• pp.27-58
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• 2015

The crisis in profit and funding for animation is in evidence around the world. The change in media environment has forced broadcasting advertising revenue down and animation viewers spread out. Now, animation players in the strongest position are either the US major studios, or producers benefiting from domestic support schemes. Government support is available in many countries because many governments believe that support for domestic animation carries both economic and cultural benefits. This paper is designed to suggest new policy schemes for Korean animation industry. The new paradigm of animation policy needs a new perspective on content industry as a whole, not centered on the animation itself. The researchers on public policy for culture, audiovisual and content industry argued that the government should, (i) play the role of facilitator for virtuous cycle of industry value chain, (ii) provide fiscal support through automatic and selective schemes, (iii) provide tax benefit to strengthen the competitiveness of industry, and (iv) enforce the broadcasters to contribute to domestic programming and financing. Comparative analysis on French and Canadian audiovisual policy supports such arguments, and animation industry of two countries are enjoying the high audience ratings and sustainable production volume. From the analysis, this paper suggests the new government schemes for Korean animation industry, which are, (i) securing the public funding for fiscal support, (ii) introduction of automatic production support, (iii) modification of broadcasting quota, (iv) broadcaster's performance envelope and production quota, and (v) tax benefit as indirect support.

• Korean Journal of Construction Engineering and Management
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• v.15 no.5
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• pp.127-137
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• 2014

Project Financing (PF) development project is the type which influences national economy and building industry largely because it is exerted by using borrowed money from many kinds of investors and huge amount of financial raising. Many domestic PF projects are focused mainly on the profit maximization lacking in a sufficient feasibility study. Nowadays many projects are suspending due to the global finance debacle and stagnation of real estate industry. Therefore, in this paper, risk factors of PF project are deducted and Key Success Factors (KSFs) are derived through Factor-Analysis and qualified using Fuzzy-AHP method. And through the evaluation of the derived success factors in real projects, a strong correlationship has been identified between the score of each PF success factor and the level of success and/or expected rate of return (ROR). So, the result of this paper can help decision makers of the PF projects make a better decision and give a meaningful guidance in achieving successful PF projects.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.9
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• pp.1-8
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• 2017

The purpose of this study is to propose a cache structure for processing large-volume building information modeling (BIM) geometry data,whereit is difficult to allocate physical memory. As the number of BIM orders has increased in the public sector, it is becoming more common to visualize and calculate large-volume BIM geometry data. Design and review collaboration can require a lot of time to download large-volume BIM data through the network. If the BIM data exceeds the physical free-memory limit, visualization and geometry computation cannot be possible. In order to utilize large amounts of BIM data on insufficient physical memory or a low-bandwidth network, it is advantageous to cache only the data necessary for BIM geometry rendering and calculation time. Thisstudy proposes acache structure for efficiently rendering and calculating large-volume BIM geometry data where it is difficult to allocate enough physical memory.

• The Korean Journal of Financial Management
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• v.25 no.2
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• pp.137-164
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• 2008

This paper examines the operating performance of firms that for a four-year period, held more than 15% of their assets in cash and cash equivalents. During next four years, operating performance of firms maintaining high cash persistently is greater than the performance of firms matched by size and industry or firms adopting transitory high cash policy. Furthermore, the effect of persistent cash holdings on operating performance depends on the ownership structure and the level of information asymmetry. Foreign investors deteriorate the operating performance of high cash firms, suggesting that potential M&A and the pressure of excessive dividend reduce the usefulness of cash. The level of information asymmetry enhances the operating performance for the firms adopting persistent high cash policy. It suggests that cash holdings reduce the costly external financing and underinvestment problem for firms with high information asymmetry.

• Information Systems Review
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• v.4 no.1
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• pp.111-130
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• 2002

The Internet is changing or even eliminating old organizational schemes, including education. A growing number of universities and graduate schools are creating curriculums to reflect these changes. Business schools have prepared their students for a corporate world to offer some E-commerce courses. While E-commerce courses are proliferating in computer and information science schools, they are also spreading to other university departments including law and advertising. The objective of this paper is to suggest a prototype E-commerce curriculum for E-commerce departments. First, we survey and compare the E-commerce curriculum offered in many universities. Second, we provide the new E-commerce curriculum model for Korean universities. E-courses are classified as three knowledge areas of E-commerce courses such as business, technology, and core. We prioritize E-courses selected and rank their importance through an exploratory study for suggesting the undergraduate or graduate curriculum.

• Journal of the KSME
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• v.17 no.4
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• pp.235-256
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• 1977

과거일제하에서는 그 식민정책으로 기계공업을 억제하고 경공업에 치중하였다가 1940년대 전쟁 물자 조달과 대륙침략야옥의 필요상 부분적으로 국내 생산을 하게 되었고 따라서 이에 관련된 토목기계, 광석기계, 농기구, 수송기계, 등의 기계공업이 일어나기 시작한 것이다. 그러다가 조국 이 해방된 기쁨은 안았으나 산업의 위축은 더할 나위 없이 되었고, 6,25동난을 당하여 그나마 대 부분 파괴되었던 과거를 가지고 있는 것이다. 그러다가 1960년대 이후 우리나라 경제개발 1,2,3, 차5개년 계획을 수행하여 현재에 이른 것이다. 먼저 기계공업의 특징을 보면 기계공업은 모든 산업의 생산수단인 기계설비 생산하는 산업이며, 그 파급효과는 전 산업에 미친다. 산업구조의 고도화와 산업의 근대화는 기계공업의 발전없이 이루어질 수 없다. 기계공업은 중화학공업에 있 어서 중구적인 산업이니만큼 기계공업의 발전없는 경제성장에는 한계가 있는것이다. 선진공업 국가들은 수출상품중 기계류수출비중이 일반적으로 50%를 전후하고 있다. 기계류는 다른 상품과 달리 단위 거래규모가 크기 때문이다. 다음에 기계공업은 기술집약, 노동집약 현 산업이다. 우리 나라는 비교적 풍부한 노동력을 가지고 있을뿐아니라 이들 인력은 교육수준이 대체로 높다. 그러기 때문에 기술노동집약적인 기계공업은 고용증대를 갖어오는 반면에 높은 교육수준의 풍부 한 노동력을 통한 발전이 기대되고 있다. 특히 기계고업은 국방력강화라는 점에서 큰 역할을 담당하게 된다. 그러므로 기계공업은 국방력 강화의 기초산업이다. 우리나라 현재의 여건으로서 기게공업은 방의산업으로서의 역할이 크게 요청되고 있다. 우리나라의 경제는 수출의 증대를 통 해서 고도의 경제성장을 유지해야 하겠고 80년대의 자립경제 기반을 구축키 위한 공업화 정책을 추진하고 있어서 중화학공업의 핵심산업으로서 기계공학 및 기술의 획기적인 육성과 발전은 우리나라 경제의 당면 과제인 것이다. 보고에서 필자는 여러 문헌들을 통하여 우리나라 기계공업 의 발 자취를 살피고 현향을 소개하며 아울러 대망의 80년대의 우리나라 기계공업을 전망해 보고 저 한다.