• Title/Summary/Keyword: Asian Emerging Economies

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A Study on the Coupler for Interoperability of Freight Railway Car between Korea, China and Russia (한국, 중국 및 러시아 화물철도 차량 상호운영을 위한 연결기 연구)

  • Cheon, Jun-Ho
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.4
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    • pp.41-46
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    • 2018
  • Recently, the importance of the northeast economies including Russia has been growing, and according to the Eurasian initiative policy, the enhancement of transportation, logistics and connectivity between the northeast Asian countries is emerging as one of the challenges for future growth. However, due to the different vehicle systems used in each country, the railway connections between countries are not operating smoothly. Especially, the couplers of the railway cars which pass through the countries of northeast Asia including Russia have different regulations, which render their shape and characteristics incompatible. In this study, we propose a method of interconnecting the AAR type coupler used in Korea and China and the CA-3 type coupler compatible with the Russian GOST standard, and verify that its structural safety conforms with each set of regulations. We analyze the possibilities offered by this method of interconnection by performing tests while developing materials satisfying the mechanical properties required for the freight coupler.

Spatiotemporal Patterns of Change in the Foreign Direct Investment Networks of Korean Multinational Corporations: A Focus on the Electronics Industry (한국 다국적기업 해외직접투자 네트워크의 시·공간적 변화 패턴: 전자산업을 중심으로)

  • Kisoon Hyun
    • 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.

Global Cosmetics Trends and Cosmceuticals for 21st Century Asia (화장품의 세계적인 개발동향과 21세기 아시아인을 위한 기능성 화장품)

  • T.Joseph Lin
    • Journal of the Society of Cosmetic Scientists of Korea
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    • v.23 no.1
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    • pp.5-20
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    • 1997
  • War and poverty depress the consumption of cosmetics, while peace and prosperity encourage their proliferation. With the end of World War II, the US, Europe and Japan witnessed rapid growth of their cosmetic industries. The ending of the Cold War has stimulated the growth of the industry in Eastern Europe. Improved economies, and mass communication are also responsible for the fast growth of the cosmetic industries in many Asian nations. The rapid development of the cosmetic industry in mainland China over the past decade proves that changing economies and political climates can deeply affect the health of our business. In addition to war, economy, political climate and mass communication, factors such as lifestyle, religion, morality and value concepts, can also affect the growth of our industry. Cosmetics are the product of the society. As society and the needs of its people change, cosmetics also evolve with respect to their contents, packaging, distribution, marketing concepts, and emphasis. In many ways, cosmetics mirror our society, reflecting social changes. Until the early 70's, cosmetics in the US were primarily developed for white women. The civil rights movement of the 60's gave birth to ethnic cosmetics, and products designed for African-Americans became popular in the 70's and 80's. The consumerism of the 70's led the FDA to tighten cosmetic regulations, forcing manufacturers to disclose ingredients on their labels. The result was the spread of safety-oriented, "hypoallergenic" cosmetics and more selective use of ingredients. The new ingredient labeling law in Europe is also likely to affect the manner in which development chemists choose ingredients for new products. Environmental pollution, too, can affect cosmetics trends. For example, the concern over ozone depletion in the stratosphere has promoted the consumption of suncare products. Similarly, the popularity of natural cosmetic ingredients, the search of non-animal testing methods, and ecology-conscious cosmetic packaging seen in recent years all reflect the profound influences of our changing world. In the 1980's, a class of efficacy-oriented skin-care products, which the New York Times dubbed "serious" cosmetics, emerged in the US. "Cosmeceuticals" refer to hybrids of cosmetics and pharmaceuticals which have gained importance in the US in the 90's and are quickly spreading world-wide. In spite of regulatory problems, consumer demand and new technologies continue to encourage their development. New classes of cosmeceuticals are emerging to meet the demands of increasingly affluent Asian consumers as we enter the 21st century. as we enter the 21st century.

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