• Korea Trade Review
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• v.42 no.1
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• pp.189-215
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• 2017

This study analyzes the determinants of the choice of foreign direct investment mode by Korean fashion firms in entering into foreign markets. We have established hypotheses regarding their choice among three classical entry modes including a wholly-owned subsidiary, a joint venture and an M&A based on factors such as the investing firm's size, international experience and international strategy type, host market potentials, cultural distance and foreign investment risk. By conducting multiple logistic regression over secondary data on 100 Korean fashion firms, we found that all variables but cultural distance were statistically significant. The results may contribute to advancing international business theory on the fashion industry and developing fashion firms' global strategy.

• Management & Information Systems Review
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• v.35 no.4
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• pp.79-98
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• 2016

A large number of Chinese enterprises have grown up and become increasingly competitive. Chinese firms have ventured abroad to search for new sources of growth. Overseas mergers and acquisitions of Chinese companies has been developed rapidly through extensive opening policy and active support system by government. The main purpose of this study is to identify the factors that affect the outcomes of overseas mergers and acquisitions made by Chinese firms in recent years, particularly, financial performance of the acquiring firms. This study aims to analyze systematically financial performance and its determinants of Chinese overseas M&A in recent years. This study chooses a sample of 167 overseas mergers and acquisitions in the manufacturing industry in China and the relevant data were collected during the period 2006 to 2012. The data were analyzed by using a multiple regression analysis to identify determinants of corporate performance. We showed that cultural distance, past performance, state ownership, and interaction between cultural distance and past performance. Findings of this study can provide useful guidance to outward Chinese M&A in the future.

• Journal of the East Asian Society of Dietary Life
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• v.19 no.2
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• pp.287-294
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• 2009

This study was conducted to evaluate the perception and satisfaction of undergraduates majoring in culinary arts and food service with working and internship abroad. The responses of the participants to 10 questions regarding perception and 13 questions regarding the importance and satisfaction with working and internship abroad were measured on a 5 point Likert scale. The primary results were as follows : 1) The subjects were composed of 50.9% male and 49.1% female students, of which 42.1% were employed and 57.9% experienced an internship abroad. 2) Most students went abroad to gain experience with respect to various foreign cultures in response to recommendations by the western cuisine department. 3) The items "I wish to conduct my affairs continuously"(M=4.21) and "I have good relationships with my colleagues at work"(M=4.11) received the highest points from male and female respondents, respectively. 4) Male students considered "cooperation among divisions"(M=4.11), "language skills"(M=4.38), and "kitchen environment"(M=4.34) to be very important. However, female students believed that "language skills"(M=4.36),"social relationships"(M=4.21), and "wage income"(M=4.18) were most important. Furthermore, male students were most satisfied with "company size" (M=4.28), "kitchen environment"(M=4.21), and "business hours"(M=4.10), while female students were most satisfied with "kitchen environment","incentive"(M=4.14) and "social relationships"(M=4.11).

• 한국벤처창업학회:학술대회논문집
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• 2024.04a
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• pp.67-73
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• 2024

유니콘기업을 목표로 하고 있는 국내 스타트업들이 아직까지 국내 투자유치와 코스닥시장 IPO를 목표로 삼고 있고, 해외 판로개척, 해외투자 유치 및 M&A를 통한 글로벌 진출이 활성화 되어 있지 않기 때문에 현재까지의 제2벤처붐은 절반의 성공이라 볼 수 있다. 현 정부에서도 스타트업의 글로벌 진출을 중요한 정책 아젠다로 보고 있는 바, 중소벤처기업들의 글로벌 진출 및 사업화 성공 요인을 분석하기 위한 연구가 필요한 시점이라 할 수 있다. 본 논문은 중소벤처기업의 글로벌 경영성과에 미치는 요인들을 살펴보기 위해 국제경영이론 중, 글로벌진출 성공요인과 관련된 자원기반관점과 동적역량관점의 선행연구를 검토해보고, 기업의 혁신역량과 개방형 혁신활동이 기업의 글로벌 성과에 미치는 영향을 실증분석을 통해 살펴보고자 한다. 아직까지 스타트업 또는 벤처기업들을 대상으로 글로벌 진출 성공요인을 도출한 연구가 부족하다는 측면에서 본 연구는 기존 연구들과 차별성이 있음을 밝힌다.

• International Area Studies Review
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• v.13 no.2
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• pp.418-445
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• 2009

This paper shows that the motives of foreign market entry is classified into the motive of overseas propensity(Motive(M) 1) and of the limited competition of domestic market(Motive(M) 2). International preparing activities are also divided into the activity of ex-ante forecasting and market research(Activity(A) 1), and of ex-ante cooperation and business experience with local firms(Activity(A) 2). M 1 and M2 of Taiwanese ventures can not explain the local performance, but both the influence of M 1 on international preparing activity and business performance, and inter-relationship between Performance(P) 1 and 2 are statistically significant at the 5 % level of significance. On the other hand, Korean ventures in Deadeok Innopolis show that the influence of Activity 1 such as ex-ante forecasting and market research on business performance(P 1) is statistically significant at the 5 % level of significance, but both the relationship between the motive of foreign market entry and P 1 or P 2, and inter-relationship between P 1 and P 2 are not statistically significant. This study finds out there exists the distinct difference owing to their own nationality between Taiwanese and Korean ventures.

• Korean Security Journal
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• no.29
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• pp.7-34
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• 2011

Achieving high-level technology in fields such as IT-related industry, semiconductors, mobile phones, LCD, automobile, shipbuilding, etc., Korea has become an international market leader in those fields. In results, there are the increasing numbers of technology leakage attempts in various manners. Recently, technology leakages are not limited to illegal industrial espionage, but also occur during usual corporate proceedings such as technology transfer, joint research and M&A. In fact, there was a technology leakage issue in the M&A between Ssangyong Motors of Korea and Shanghai Motors of China. Current M&A regulations of Korea are not independent laws, but are spread over various laws, such as commercial law, Capital Markets and the Financial Investment Services Act, Foreign Trade Act, etc. This paper focuses on whether the current Korean regulations regarding M&A are able to effectively restrict the leakage of major information of corporate during M&A and seeks the complements.

• Proceedings of the Korea Information Processing Society Conference
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• 2014.04a
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• pp.287-288
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• 2014

최근 해외 여행에 대한 수요가 급증하고 있다. 또한 스마트 시대에 걸맞게 해외 여행자들은 스마트폰을 여행 필수품으로 여기고 있다. 본 논문에서는 이러한 현상을 고려하여 해외 여행에서의 경비를 관리해주는 안드로이드 기반 여행 경비 관리 응용인 Travel Manager 의 클라이언트 디자인 방안을 제안하고 사용자들에게 편리하면서도 체계적인 화면 구성으로 이루어진 클라이언트 디자인을 보인다.

• Proceedings of the Korea Information Processing Society Conference
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• 2015.04a
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• pp.989-992
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• 2015

해외 글로벌 쇼핑 사이트들을 통한 직접 구매를 일컫는 해외직구 금액이 2013년 5881억원 발생하며, 대한민국 전체 경제의 0.2%를 차지하게 되었다. 구입지역도 미국 뿐만 아니라 중국, 독일로 점차 확대되고 있다. 해외직구의 시장은 향후에도 지속적으로 증가 될 것으로 예측되는데, 이처럼 해외직구가 발전하게 된 성장 배경에는 내수시장보다 저렴한 가격, 해외 온라인 쇼핑 사이트들의 진화, 전문 배송업체의 등장, 커뮤니티 정보 공유 활성화 등으로 인하여 해외직구에 대한 폭발적인 반응으로 연결된 것으로 보인다. 하지만 최근에 정치권의 움직임은 해외직구를 규제하여 통제하려는 움직임이 크다. 제 물품을 확인하지 않고 목록 신고만으로 수입통관이 허용되어 허위 신고 가능성이 높아졌다는 것과 이에 따른 관세 탈루 및 마약을 비롯한 수입금지 물품의 국내 반입 위험성 또한 증가한다고 정부는 말하고 있다. 이것은 매우 잘못된 해석으로 판단된다. 소비자들의 소득 발생으로 인한 소비 할 수 있는 절대치는 감소하고 있는데도 불구하고, 국내 대기업들의 상품 판매 하락이 합리적인 가격으로 판매하고 있는 해외 사이트들로 피해자가 된듯한 표현을 하여, 해외 제품을 구매하려는 소비자를 규제한다는 것은 어불성설에 해당된다. 소비자들은 항상 합리적인 선택을 추구하려고 하기 때문에 여러 가지 요소들을 고려한다. 이러한 소비자들의 심리를 파악하여 국내 소비자들이 불만을 가지고 있는 내수시장의 가격 부분에 대한 심리적 회유책을 적용하여 가격 경쟁력에 대한 인식을 새롭게 고려 할 수 있도록 하는 개선안을 제시해 본다.

• Proceedings of the Korea Information Processing Society Conference
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• 2019.10a
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• pp.633-636
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• 2019

최근 글로벌화를 지향하는 국내 스타트업 중에 사업기획 단계에서부터, 법인설립, 현지마케팅 등을 해외에서 시작하는 해외창업 스타트업이 늘고 있다. 또한 4차 산업혁명의 진전에 따라 각종 IoT·센서 등에서 발생하는 대량의 데이터가 데이터 기반 산업·경제활성화를 견인하는 원동력으로 작용할 전망이다. 해외창업은 언어 장벽, 이질적 문화와 제도 등으로 성공하기 어려움에도 불구하고, 성공사례들이 종종 파악되고 있다. 따라서, 이런 사례가 파악되고 있는 미국, 인도, 일본, 싱가포르 등 4개국에서의 해외창업 성공사례들을 질적 분석을 통해 성공요인을 도출하고 해외창업 활성화 전략을 제시하였다.

• Korea Trade Review
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• v.43 no.1
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• pp.177-197
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• 2018

This paper aims to analyze the effects of external uncertainty on the entry modes decision of multinational firms. On the basic assumption that the entry modes of the firms are dependent on ex-ante or ex-post perceived risk, we empirically analyzed the impacts of perceived risk factors on the investment patterns of firms. We found that the larger the population, the higher the level of GDP per capita, and the larger the trade volume as a ratio of GDP resulted in increased M&A FDI and greenfield FDI. The economic growth rate variables were found to be significantly positive effect on only greenfield entry mode. Regarding the main variables, lower levels of corruption and increased stability regarding political issues resulted in the host country receiving increased M&A investment. However, we found only a positive statistical significance of the political stability variable on the explaining greenfield FDI. Results show that M&A entry mode is affected by both corruption and political instability level. However, the greenfield FDI featuring sunk costs, seems more responsive to political instability.