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Trade Linkage and Transmission of Geopolitical Risks: Evidence from the Peace Progress in 2018

  • Taehyun Kim;Yongjun Kim
    • Journal of Korea Trade
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    • 제26권3호
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    • pp.45-62
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    • 2022
  • Purpose - Using unexpected changes in geopolitical tensions on the Korean peninsula as a quasi-natural experimental setting, we examine whether and how geopolitical risks travel across borders through firm-level imports and exports linkages. We also test whether the effects are driven by either imports or exports and assess whether firms can effectively hedge themselves against geopolitical risks. Design/methodology - We focus on a series of unanticipated geopolitical events taken place in Korea in 2018. Making use of the shocks to geopolitical climate, we identify five milestone events toward peace talks. We employ the event studies methodology. We examine heterogenous firm-level stock price reactions around key event dates depending on firms' exposure to geopolitical risks. As a measure of firms' exposure to geopolitical risks in Korea, we utilize a text-based measure of firm-level trade links. When a firm announces and discusses its purchase of inputs from Korea or sales of outputs to Korea in their annual disclosure filings, we define a firm to have a trade relationship with Korea and have exposure to Korean geopolitical risks. Similarly, we use a measure of a firm's hedging policies based on a firm's textual mention of the use of foreign exchange derivatives in their annual disclosure. Findings - We find that U.S. firms that have direct trade links to Korea gained significantly more value when the intensity of geopolitical risks drops compared to firms without such trade links to Korea. The effects are pronounced for firms purchasing inputs from or selling outputs to Korea. We find that the effectiveness of foreign exchange hedging against geopolitical risks is limited. Originality/value - We document the international transmission of geopolitical uncertainty through trade linkages. Export links as well as import links serve as important nexus of transmission of geopolitical risks across borders. Hedging strategies involving foreign-exchanges derivatives do not seem to insulate firms again geopolitical risks. With the recent movements of localization and reshuffling of the global value chain, our results suggest a significant impact of geopolitical risks in Korea on the construction of the global value chain.

한국 떡류 영업자의 영업 특성 및 온·오프라인 식품위생교육 비교 분석에 관한 연구 (A Study on the Business Characteristics, and Online/Offline Food Hygiene Education Comparative Analysis of Rice Cake Producer in Korea)

  • 이형국;김지연
    • 한국식품위생안전성학회지
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    • 제30권4호
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    • pp.343-349
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    • 2015
  • 본 연구는 식품위생교육을 이수하는 국내 떡류 영업자를 대상으로 설문조사를 통하여 우리나라 떡류 영업의 특성을 파악하고 온라인 및 오프라인 식품위생교육에 대한 인식도의 차이를 비교 분석하고자 하였다. 떡류 영업자 연령대는 50대(40.1%), 학력은 고졸(52.6%), 종사기간은 10년~20년(34.3%)이 가장 높은 것으로 나타났고, 영업 및 영업장 관련 종사인원은 2명(79.5%), 면적은 $99.17m^2$ 이하(92.0%), 점유 형태로 임차 사업장(60.2%), 사업장에 대한 월 임차 금액 100만 원 이하(54.8%)를 대부분 지불하고 있으며, 영업장 안전사고 발생은 3년간 228건(연평균 2.4%), 제조 가공 품목수는 20가지 이하(86.7%)로 분석되었다. 식품위생교육 채널별 인식도에서 영업자는 여성, 연령대가 낮을수록, 학력이 높을수록 온라인 교육을 선호하였고, 온라인 교육 선택 이유로 '시간적 경제적 편리성'(73.7%)가 나타났으며 온라인 이수자는 위생교육이 영업에 더 도움 된다고 인식하였다. 매출액은 온 오프라인 이수자 간의 유의적 차이가 없었고 위생적 관리에 대해서는 온라인 이수자가 오프라인 이수자보다 7.4% 높게 잘 하고 있다고 답변하였다. 이전의 교육기관의 교육 대비 떡류 영업자만을 위한 교육은 온 오프라인 이수자 모두 60.7% 정도 더 만족하는 것으로 분석되었다.

전원마을조성사업에 의한 공동체마을의 개발 특성 (Characteristics of Community Village Development by the Rural Village Development Policy)

  • 박경옥;이상운;류현수;홍옥선;이연선;리웨이쟈
    • 한국주거학회:학술대회논문집
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    • 한국주거학회 2011년도 춘계학술발표대회 논문집
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    • pp.176-181
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    • 2011
  • This study has purpose to make a report on the newly established rural villages in this country, and to find out the success factors of the rural village project focusing the developers who succeeded in the sales of rural village with emphasized community function. For this study, 123 projects informed from the website(www.welchon.com) were analyzed on the frequency and the officials in charge were interviewed by telephone on the step of projects. In addition, 4 personnel of development companies answered the semi-structured questionnaire on the location, development theme, preparative resident meeting, and success factors of 7 projects which was dealt with content analysis. The result was as follows. 1) Among the projects, more than 50% were the detached housing type with less than 50 units, and also were the resident-driven development projects. Only 5 projects were completed. 2) The personnel of development companies pointed at the location, environment for the economic activity, project theme and continuous resident meeting, as success factors of project. The barriers for rural village development policy are inadequate regulation and long administrative procedure. The preparative resident meeting is an important success factor, so that the system and the cost to run a professional program have to be guaranteed.

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의류 판매원의 서비스에 대한 소비자와 판매원의 인지차이에 대한 연구 (A Study of Differences on Recognition for the Sales Persons' Service Provided between Apparel Salespeople and Customers)

  • 김문영;박광희;하영석
    • 한국의류산업학회지
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    • 제6권2호
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    • pp.205-212
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    • 2004
  • The purposes of this study was to exploit the differences on recognition for the service provided between salespeople and customers who have purchased fashion apparels and garments at the department stores, and to suggest the educational direction of salespeople in order to enhance competitiveness and to increase customers' satisfaction. Data were obtained from 297 apparel salespeople working at 6 department stores and 285 customers of department stores in Daegu. Statistics used for data analysis were frequency, mean, t-test, ANOVA, and regression analyses. The important factors which affected the purchase of fashion products, in order of importance, were information ability, credibility and service quality of salespeople. But the service quality recognized by customers was lower than that by salespeople. It can be said the salespeople have to make every effort that customers feel comfortable and certain for the service provided. There were significant difference on the service provided by salespeople, as well as service quality recognized by customers in accordance with gender, marital status, age, level of education, and annual fashion apparel expenses.

수협 쇼핑몰에서 소비자의 수산물 구매 행태 연구 - 인구통계학적 요인을 중심으로 - (A Study on Seafood Purchasing Behavior of Consumers in Suhyup Shopping Mall - Focus on Demographic Factor -)

  • 박준모
    • 수산경영론집
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    • 제48권4호
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    • pp.67-81
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    • 2017
  • The aims of this study is to analyze the purchasing behavior of customers purchasing seafood using internet shopping mall based on the sales data of Suhyup Shopping Mall in 2016. The research shows three facts. First, 46.1% of those customers marine products in Suhyup Shopping Mall are purchasing less than 2 times a year and 62.7% of them are purchasing less than 5 times a year. Seconds, The amount of purchases of marine products using Suhyup Shopping Mall is very small. The proportion of purchasers with less than ₩100,000 per year is 48.5%, and the proportion of customers with annual purchases of less than ₩300,000 is 68.2%. Last, Relatively strong items were found by region and age. Abortion was a relatively strong item in the 20s, and In the 30s, the aquatic product set was a relatively strong item. In the 60s are seashells / scallops / shellfish and other fish, 70s are dried yellow croaker, abalone, tile fish and other fish. In the 60s and 70s, the other fishes showed strong relative strengths in terms of quantity and amount. But There were no relatively strong items due to regional differences according to the metropolitan area and nonmetropolitan area.

RFID 기반 교육서비스 고도화 방안 (A way to enhance educational services based RFID)

  • 황의철
    • 한국콘텐츠학회:학술대회논문집
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    • 한국콘텐츠학회 2010년도 춘계 종합학술대회 논문집
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    • pp.356-361
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    • 2010
  • 정부가 IT융합 시스템 분야 중 신성장동력으로 육성하려는 분야가 바로 RFID/USN이다. 신성장동력을 목표로 정부는 2013년까지 RFID/USN 세계시장 점유율 14%, 2018년에는 20%까지 높인다는 방침이다. 아울러 50억 매출기업을 250개까지 늘리고 고용규모 역시 2013년 4.4만명에서 2018년 12만명으로 확대해야 한다고 판단하고 있다. 신성장동력 진출 시 애로사항으로 '기술개발 비용 부담'(56%), 기술전문 인력 부족(46.5%), 시장 확보 우려(44.7%) 등으로 나타났다. 이에 따라 RFID분야의 전문 인력 양성을 위해 체계적이고 현장감 있는 교육 프로그램을 제안한다.

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가정식 음식의 아크릴아마이드 함량분석 (Acrylamide monitoring in home-made food products)

  • 이미선;박재영;오상석
    • 한국식품조리과학회지
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    • 제20권6호
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    • pp.708-711
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    • 2004
  • Swedish research in 2002 indicated that acrylamide formation was particularly associated with traditional high temperature cooking processes of certain carbohydrate-rich foods. Since the Swedish report, similar findings have been reported by researchers in numerous other countries. In 2003, three hundred and twenty seven domestic food products, selected on the basis of annual sales in Korea, were analyzed. The results were similar to those from other countries. In this study, the monitoring of acrylamide was expanded to include Korean traditional food products. Samples were purchased from local markets, prepared and then analyzed using LC/MS/MS methods. The categorized food products analyzed included cooked rices and porridges, soup products, fried products, boiled down products, seasoned products, roasted products and coffee. The acrylamide concentrations of the samples were $ND\~18ppb$ in cooked rices and porridges, $ND\~28ppb$ in soup products, $ND\~22ppb$ in fried products, $ND\~218ppb$ in boiled down products, <10ppb in seasoned and roasted products, and <10\~11ppb in brewed coffee and coffee drinks.

자동차부품 재제조산업에 관한 연구 (A Study on Remanufacturing Industry for Automobile Parts)

  • 목학수;전창수;한창효;송민준;박병선;곽현수;박상진
    • 한국자동차공학회논문집
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    • 제16권6호
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    • pp.184-191
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    • 2008
  • In this paper, it was performed to protect the remanufacturing industry of domestic automobile part and grasp the latest tendency of remanufacturing industry of domestic automobile part for development of remanufacturing technology and economical support of government. Research on the present statue of the remanufacturing industry was indicated that the number of remanufacture enterprises about automobile part, the annual, the number of employee in remanufacture and the type of remanufacturing. The general problems were presented which blocked the activities of domestic automobile part. It was also presented that problem of remanufacturing technology side and quality assurance of remanufactured automobile part and found out solution.

HSDI 경유승용차 도입의 경제적 효과분석 (Effect of Economic Analysis an Introduction HSDI Diesel Passenger Cars)

  • 임기추
    • 에너지공학
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    • 제10권3호
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    • pp.177-182
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    • 2001
  • 본 연구는 경유승용차(HSDI 경유엔진) 도입에 대해 소비자 측면, 사회적 측면의 경제적 효과를 분석하고자 하였다. 먼저, 생애비용을 고려한 소비자 경제성분석 결과 승용차 수명 10년, 연간 평균 주행거리를 20.000km로 가정할 때 승용차 1대당 연료비 절감액은 13,836천원으로 추정된다. 사회적 편익은 평균 주행거리 20,000km 기준 경유승용차 관매 10% 증가 전제시 휘발유 승용차 대비 2002년부터 이익이 실현되기 시작하여 2010년에 1,541억원의 편익이 발생하는 것으로 추산된다. 사회적 누적편익은 판매량 10% 증가 가정시 20,000km 주행시 2010년까지 6,368억원의 편익이 발생할 것으로 보인다.

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대형선망어업의 동태적 생산효율성 분석 (Analyzing the Dynamic Productive Efficiency of Large Purse Seine Fishery in Korea)

  • 서주남;김도훈
    • 수산경영론집
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    • 제43권1호
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    • pp.11-18
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    • 2012
  • This study is aimed to estimate a dynamic productive efficiency by vessel of large purse seine fishery and analyze changes of them over times using a window/DEA method. In addition, based on estimation results, it aims to suggest production management implications for an viable development of fisheries. Results indicated that an annual efficiency change of large purse seine fishery was estimated at 0.77 for 2007~2008, 0.83 for 2008~2009, and 0.77 for 2009~2010, showing a decreasing trend. As returns on sales of vessels of large purse seine fishery showed a decreasing trend, the degree of efficiency of a vessel might be closely related to the fishing profitability. The Window/DEA method was used in this study to estimate the efficiencies of vessels for large purse seine fishery. This method is well known and widely used to analyze the dynamic efficiency and it can provide useful implications for management of input factors. As a limitation of this study, it was not able to provide detailed management ways to reduce inefficiencies. However, they can be investigated with data on managerial factor, human factor, distribution factors as a future study.