• Journal of Energy Engineering
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• v.10 no.1
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• pp.71-81
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• 2001

수요증가 지속과 에너지 산업 구조개편에 따른 발전용 수요의 수급조절역할의 축소로 인해 도시가스 수요 관리에 대한 필요성이 높아지고 있다. 이에 본 연구에서는 도시가스 수료관리를 몇가지 유형으로 분류하고 각 유형별로 가스부문투자(LNG 저장설비소요)에 미치는 영향을 분석할 수 있는 모델을 제시하고 그 검증을 통해 향후 도시가스 수요 관리 시행전략의 수립방향을 제시하고자 한다. 수요관리별 개별효과를 비교하면 동일한 목표율일 경우 최대수요억제가 가장 효과적인 것으로 검증되었으며, 적은 수요물량조정으로 큰 효과를 나타내는 수요관리 유형은 기저부하증대였다. 또한 수요관리전략을 복합하여 시행할 경우, 기저부하증대는 다른 수요관리수단과 같이 실시하여 더 큰 감축효과를 가져왔으나, 전략적 부하창출과 최대수요억제를 동시에 시행하면 그 효과가 상쇄되는 것으로 나타났다. 결론적으로 기저부하증대를 기본으로 하여 전략적 부하창출과 최대수여억제 조치를 시간적인 차이를 두고 시행하는 것이 좀더 효과적일 것으로 검증되었다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.12
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• pp.473-484
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• 2017

This study analyzed collaborative R&D projects funded by the Korean government from 2013-2015. For this analysis, input and output variables of projects were considered, and a combination of those variables was itemized. The output-oriented variable return to scale (VRS) model extended from the DEA methodology was adopted to evaluate the cooperation efficiency of the types of R&D collaboration, which were classified according to the project leader's organizations. In addition, hierarchical cluster analysis was conducted using the efficiency results of the scientific, technical, and economical outcome models. The results showed that cooperation efficiency between large companies and public research institutions was relatively high. Conversely, cooperation among medium-sized companies, small businesses and universities was particularly inefficient. The clustering results demonstrated the various strengths and weaknesses of the types depending on publications, patents, technical loyalties and the number of commercialization. In conclusion, this study suggests differentiated investment portfolios and strategies based on the efficiency results of diverse cooperation types among industries, universities and public research institutions.

• Information Systems Review
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• v.19 no.4
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• pp.1-25
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• 2017

Despite high uncertainty on financial return, firms have continuously increased their investment on technologies because they recognize the potential value of technology investment in terms of enhancing operational efficiency and sustaining competitive advantage. Notably, an individual technology investment pattern or strategy within an industry may ultimately lead to significant differences in business performance. Hence, we first categorized technology investment into traditional research and development investment and information technology investment. Afterward, we examined the effects of each pattern with combination of the two types of technology investment on business performance according to firm size and position in the supply chain through fuzzy-set qualitative comparative analysis. Data collected from 562 manufacturing firms in Korea were used in the analysis. Results showed that large-sized firms were slightly affected with microscopic patterns in their technology investments, whereas small firms were highly affected with their technology investment patterns and their positions in the supply chain. The findings implied that a small enterprise requires an appropriate technology investment strategy to achieve successful business outcomes.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.31 no.1D
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• pp.99-109
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• 2011

In order to maintain construction industry and to improve efficiency, the Korean government legislated private investment system. Private sector takes advantages by adopting CM (Construction Management) project system, however, public sector has relatively less capability and experience than private sector. In this paper, PSM (Partnership Support Management) is addressed in order to actively strengthen the project capabilities for public sector. PSM maintains existing CM project system because it is a concept of expended business model of CM. PSM needed to categorize the private participated project into 5 phases; project development phase, project announcement phase, project evaluation phase, project agreement phase and agreement changing phase. PSM business structure and business process considering stakeholder's interrelationship and participation are suggested in this research. Suggested PSM business model may not only increase a comprehensive understanding of government and project capability, but also may reduce work load and responsibilities for project momentum of private participation in infrastructure.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.2 no.4
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• pp.1-17
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• 2007

There are many different types of risk capital competing for deals in the korean entrepreneurial capital market. In the past, even though korean private venture capitalists did not have their distinctive competitive advantages, due to government support and subsidies, they could be survived in the market. However, the government controlled area has changed to a market driven area which emphasizes market forces and competition rather than support and protection. In order to be competitive, Korean private venture capital firms need to recruit high calibre professionals and build required financial skills for wise entrepreneurial investments. The purpose of this article is to analyze the relationships among firm characteristics, human resources, and investment strategies of korean venture capital firms. We can find that the asset size of venture capital firms has a positive effect on the size of their human resources. However, we can not find any relationship between firm characteristics and investment strategies of venture capitals. Even though we find some evidences among some variables, we need to interpret the results very carefully. Further research would be needed to carried out to clarify the disputable interpretations and our understanding of this area.

• International Area Studies Review
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• v.14 no.2
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• pp.79-105
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• 2010

This paper investigates empirically the impact of foreign investors on a firm's dividend and investment decision making in Korean stock market. Empirical results using the sample firms in non-financial firms listed in Korean stock market whose settlement month are December, we find that foreign investors who declared participation in management didn't exert significant impact on dividend increase. In the case of investment, foreign investors exerts significant impact on R&D investments. Using Hausman-Taylor Instrumental Variable method, we controlled endogeneity problem related with foreign ownership and dividend and investment policy. The contribution of this paper is that the purpose of foreign investors whether or not participate in management is the most critical point and the impacts of foreign investors on dividends and investment are different whether they participate in management or not.

• Korea Trade Review
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• v.43 no.2
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• pp.87-105
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• 2018

We investigate the effects of inward foreign direct investment on innovation in Korean industries from 1998 to 2015 by first dividing FDI into greenfield and M&A (mergers and acquisitions). Furthermore, we use the number of patent applications as the proxy of innovation. Our empirical results are as follows: First, inward foreign direct investment has a significantly positive effect on the number of patent applications. This result suggests that the transfer of technology or knowledge through the inward foreign direct investment has a positive impact on innovation in Korean industries. Second, the greenfield investment has a positive impact on patent applications. This result is consistent with Liu and Zou (2008)'s assertion that greenfield investment has a positive impact on innovation by increasing facilities or plants. The M&A investment, however, has no significant effect on patent applications. This result is consistent with Stiebale and Reize (2011) who argue that the host countries do not benefit from technology transfer through M&A investments. In addition, this supports Liu and Zou (2008) and Garcia et al. (2013)'s hypothesis that foreign parent firms do not influence the innovation of host countries by employing strategies to increase market power rather than R&D activities through M&A investments. It is meaningful that this study first analyzes the impact of foreign direct investment on innovation in Korean industries and uses the number of patent applications as a proxy of innovation. Our empirical evidence provides policy implications for innovation and attraction of inward foreign direct investments.

• Proceedings of the Korean Institute of Industrial Safety Conference
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• 2000.11a
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• pp.405-410
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• 2000

면적 99,268.38$km^2$속에 4,700만명 인구가 살고 있는 현실에서 우리의 주거 형태는 점점 고층화, 대형화 될 수밖에 없는 실상이다. 여기에 건설공사 역시 위험이 검증되지 않은 신기술 형태가 가미되고, 업종에 종사하는 근로자의 유형 역시 노령화되어 건설공사 현장 재해는 날로 증가 되고있는 것이 지금의 현실이기도 하다.(중략)

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.11
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• pp.66-79
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• 2016

A discussion has recently emerged over the increase of approvals of K-REITs, which is concluded on the basis of how to raise funds for business activity, fulfill the expected rate of return and maximize the management of managing investment funds. In addition, corporations need to acknowledge the necessity of the capital structure reflected in the current economic environment and decision-making processes. This research analyzed the characteristics by investment types and influence factors about the debt ratio of K-REITs. The data were collected from general management about business state, investment, and finance from 2002 to 2015 in K-REITs (except for the GFC period of 2007~2009). The results of the research demonstrated the high ratios of the largest shareholder characteristics, which are corporation, pension funds, mutual funds, banks, securities, insurance, and, recently, the increasing ratio of the largest shareholder and major stockholder. The investment of K-REITs is increasing the role of institutional investors that take a leading development of K-REITs. The behaviors of simultaneous investment of institutional investors were analyzed to show that they received higher interest rates than other financial institutions and ran in parallel with attraction and compensation. The results of the multiple regressions analysis, utilizing variables about debt ratio were as follows. The debt ratio showed a negative (-) relation that profitability is increasing, which matches the pecking order theory and trade off theory. On the other hand, investment opportunities (growth potential) showed a negative (-) relation and assets scale that indicated a positive (+) relation. The research results are reflected as follows. K-REITs focused on private equity REITs more than public offering REITs, and in the case of financing the capital of others, loan capital is operated under the guarantee of tangible assets (most of real estate) more than financing of the stock market. Further, after the GFC, the capital of others was actively utilized in K-REITs business, and the debt ratio showed that the determinant factors by the ratio and characteristics of the largest shareholder and investment products.

• Journal of the Economic Geographical Society of Korea
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• v.27 no.3
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• pp.174-191
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• 2024

This study analyzed the spatiotemporal evolution of Korean multinational corporations' (MNCs') foreign direct investment (FDI) networks from 1978 to 2023, focusing on Samsung Electronics and LG Electronics. Using data on the consolidated overseas subsidiaries of these two companies, a two-mode network was constructed to examine the status of host countries through the betweenness centrality index and to identify types of countries with similar value chain arrangements by investigating their linkage structures. The main findings are as follows. First, during the early phase of Korean electronics MNCs' overseas expansion in the 1980s, they primarily established sales bases in developed consumer markets. However, over time, they gradually expanded into other business areas, including manufacturing, producer services, and R&D, increasing complexity in their FDI networks as cross-border mergers and acquisitions (M&As) became more frequent. Second, the United States has remained central to these MNCs' FDI networks since the 1980s, but more recently, China has emerged as a significant hub, challenging the U.S. in global value chains. Third, emerging Asian economies, including India, Vietnam, and Indonesia, have strengthened their positions due to the diversification of MNCs' investment objectives from manufacturing bases to a broader range of business areas. Finally, since the 2010s, the convergence of the electronics industry with the automotive electronics sector and new industries has led to a diversification of the value chain arrangements of Korean electronics MNCs.