• Journal of Distribution Science
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• v.19 no.10
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• pp.35-41
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• 2021

Purpose: Research on the development of distribution channels and the strategy will help businesses develop competitiveness in the market. At the same time, the excellent effect of distribution channels and the outstanding implementation of business strategies will help optimize firm performance. Therefore, this study helps to evaluate the influence of distribution channels, and strategy factors on the performance of FDI enterprises in Vietnam. Research design, data, and methodology: Research using quantitative method with PLS-SEM model based on 210 samples using Smart-PLS3. software. The survey subjects are corporate managers who understand the strategies, distribution channels, and performance in Vietnamese FDI enterprises. Results: The analysis results show that strategy factors have a positive effect on firm performance, and distribution channel also has a positive impact on firm performance. This result also indicates that distribution channels activity as an intermediary between strategy and firm performance. Conclusion: The study also gives some policy implications on strategy and distribution channels to improve firm performance. The strategic implementation of finance, human resources, risk, innovation, and diversification of distribution channels are implications for improving firm performance in FDI enterprises. In addition, the research has contributed to the relationship between the distribution channels and firm performance.

• Communications for Statistical Applications and Methods
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• v.28 no.1
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• pp.59-79
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• 2021

Value at Risk (VaR) is one of the most common risk management tools in finance. Since a portfolio of several assets, rather than one asset portfolio, is advantageous in the risk diversification for investment, VaR for a portfolio of two or more assets is often used. In such cases, multivariate distributions of asset returns are considered to calculate VaR of the corresponding portfolio. Copulas are one way of generating a multivariate distribution by identifying the dependence structure of asset returns while allowing many different marginal distributions. However, they are used mainly for bivariate distributions and are not widely used in modeling joint distributions for many variables in finance. In this study, we would like to examine the performance of various copulas for high dimensional data and several different dependence structures. This paper compares copulas such as elliptical, vine, and hierarchical copulas in computing the VaR of portfolios to find appropriate copula functions in various dependence structures among asset return distributions. In the simulation studies under various dependence structures and real data analysis, the hierarchical Clayton copula shows the best performance in the VaR calculation using four assets. For marginal distributions of single asset returns, normal inverse Gaussian distribution was used to model asset return distributions, which are generally high-peaked and heavy-tailed.

• Journal of Digital Convergence
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• v.14 no.9
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• pp.133-138
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• 2016

As UAE has witnessed tremendous growth and diversification in its economy, logistics in particular has had great success as one of the first logistics clusters and hub to develop global business competitiveness but a few data and practical study related with logistics business competitiveness have existed due to lack of the openness in the region. In this sense, the purpose of this study was to carry out competitive analysis between UAE and not only major Middle East countries and but also Global countries using Porter's Diamond model. As a result of analysis with Middle East Countries such as Saudi Arabia, Qatar, UAE gained the highest score in factor conditions followed by logistics conditions, supported industries and demand conditions. UAE also is required to reduce cost and time of logistics process and get higher ease of international shipment, logistics competency and logistics timeliness. The logistics data set released from international and reputable bodies like WEF, OECD and IMD will assist to analyses logistics competitiveness among hub countries in future studies.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.5
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• pp.325-333
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• 2021

With the rapidly changing era of the fourth industrial revolution, the utilization of IT technology is increasing. In addition, the demand for security authentication is increasing as shared services or IoT technologies are being developed as new business models. Security authentication is becoming increasingly important for all intelligent devices such as self-driving cars. However, most location-based security authentication technologies are being developed mainly with technologies that utilize server proximity or satellite location tracking, which limits the scope of their physical use. Location-based security authentication technology has recently been developed as a complementary replacement technology. In this study, we introduce location-based security authentication technology using cell broadcasting technology, which has a wider range of applications and is more convenient and business-friendly than existing location-based security authentication technologies. We also introduced application cases and business models related to this. In addition to the current status of technology development, we analyzed current changes in business models being employed. Based on our analysis results, this study draws the implication that technology diversification is necessary to improve the performance of innovative technologies. It is meaningful that it has found and studied advanced technologies other than existing location authentication methods and systems.

• Journal of the Korea Society of Computer and Information
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• v.16 no.2
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• pp.113-120
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• 2011

The information of the IT convergence has extended through the whole business ares with supplying intelligence terminal such as smart phone and the technology of sensors and wireless networks. And also, the existed industry became to high technology and extended various parts. The industry of the elevator became the center of the life offering the diversification of the user environment access and high building control. In this paper, we suggest the elevator control system integrated wire and wireless based on Information technology. We suggest the service model of user friendly connected by internet. For this, we make the relation model of the elevator system and IT environments and then design the service model for wire service and wireless service using smart phone. It can make to supply efficient information with wire and wireless environments and also make improvement in accessability for the disabled peoples.

• Journal of Korea Society of Digital Industry and Information Management
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• v.17 no.3
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• pp.105-119
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• 2021

The purpose of this study is to examine the organizational politics, resistance change, turnover intention, and organizational commitment of organizational members during mergers and acquisitions. Recently, many companies are interested in mergers and acquisitions for business diversification and market extension. A merger is a legal consolidation of two entities into one, whereas an acquisition occurs when one entity takes ownership of another entity's stock, equity interests, or assets. This research model establishes a structural equation model. This model is set in a causal relationship between manager's organizational politics, peer organizational politics, and change resistance and the change resistance has a causal relationship of turnover and tissue immersion. In particular, this study will test different of organizational politics by position. Research results, the organizational politics of managers and colleagues have shown increasing change resistance. The change resistance has resulted in a reduction of organizational commitment and an increase of turnover intention. Next, the position analysis showed that top management level, middle management level, and working-level officials showed different organizational politics. The working-level officials are influenced by their manager politics and are influenced in organizational commitment and turnover intention by change resistance. The middle manager level is influenced by the organizational politics of bosses and colleagues, and organizational commitment is weakened by change resistance. The CEO level is not affected by organizational politics in the company, but the turnover intention is strengthened and the organizational commitment is weakened by the change resistance. This study has contributed to further updating the theory of organizational politics based on mergers and acquisitions. As a practical implication, we suggest an organizational integration strategy for a new organization.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.14 no.6
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• pp.103-117
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• 2019

Under the uncertainties and the consequent turmoils of the IMF financial crisis in Korea, Hyunsung Techno was founded in 1997 on the basis of automobile press molding which is critical for the quality of automobile. Ever since, Hyunsung Techno has grown rapidly based on the domestic market; however, gradually, it had faced a stalemate in terms of the saturation, on the supply side and the growth limit, on the demand side, of the domestic molding market. Accordingly, Hyunsung pushed for a strategy to localize overseas markets and a new acquisition strategy instead of resting on the domestic mold industry's growth, and the success of these strategies enabled it to leap forward into a global company with five companies including affiliates and 70 billion won in sales. The main reason why Hyunsung Techno evolved from a small and medium-sized manufacturing company into a global businesses is due to the success of Boa Constrictor M&A strategy. Its acquisition strategy is not just a successful case of any acquisition, but a rare, maybe the first domestic case of a successful acquisition of a primary supplier by a secondary supplier. Through the success of this strategy, Hyunsung Techno has achieved a continuous growth of businesses, an increase in sales volume, and expansion into new businesses. And on top of that, this achievements is leading it to be a global conglomerate In this study, Hyunsung Techno's success strategy, which is transformed from a small domestic manufacturing company into a global enterprise, was analyzed in detail with its development stages divided into start-up, overseas expansion, acquisitions, and business diversification. Eventually, this case study is meant to offer strategic implications for other small and medium-sized businesses under the current, gloomy economy of low or zero growth of today.

• International Area Studies Review
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• v.20 no.1
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• pp.23-51
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• 2016

This study analyzed the expected economic effects of the Korea-GCC FTA and sought strategies for industrial cooperation. To see the economic effects of Korea-GCC FTA, we analysed the effect of the oil tariff reduction of economy by Vector Autoregression(VAR) model. The estimation results shows that following the abolishment of the tariff on crude oil imports, GDP, GNI and consumption are expected to grow by 0.212%, 0.389% and 0.238%, respectively. Meanwhile, investment, export and import are estimated to drop by 0.462%, 0.413% and 0.342%, respectively. As for prices, producer prices are to rise by 6.356%p, whereas consumer prices fall by 2.996%p. In short, the Korea-GCC FTA and resultant abolishment of the tariff on crude oil imports followed by the decline in crude oil prices will result in declining prices whilst macroeconomic indices, such as GDP, GNI and consumption, will increase exerting positive effects on domestic economic growth. Also, it is necessary to proactively respond to GCC member states' industrial diversification policies for FTA-based industrial cooperation to diversify the sources of crude oil and natural gas imports for further resource risk management.

• International Commerce and Information Review
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• v.16 no.4
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• pp.171-190
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• 2014

A short consumption cycle caused by the technological development and the diversification of customer lead to both the dynamic growth of the industry and the waste recycling issue at the same time. Including Korea, the situation is particularly worrisome in some countries, such as India and China, where acute environmental hazards have resulted from a combination of a lack of recycling centers' capacity and the domination of a large backyard recycling sector. A study about to maximize the current recycling center efficiency with minimal changes is required. In this study, we suggest the optimal location selection method for the recycling center based on the well-known reverse logistics cost minimization model. An actual recycling data about a specific electronic equipment and region in Korea are used for the verification of the method suggested.

• Journal of Distribution Research
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• v.12 no.3
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• pp.49-67
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• 2007

The rapid spread of Internet has significant effects on changes in the distribution channel. The direct transaction between manufacturer and consumer could create the threats of dis-intermediation to existing channel members as middlemen. Air-ticket market also has changed in Internet marketing channel era. This study is mainly concerned with understanding the reaction of travel agency to Internet marketing channel. The objectives of this study is to propose and test the model that the perceived threats of dis-intermediation affect the reactions of travel agency: increasing channel competence, decreasing concentration, and deriving diversification. The model basically adopted the arguments of intertype competition, considering the arguments of re- intermediation in order to explain the reaction of using Internet. The result of survey from 158 travel agencies supported most of hypotheses. All the hypotheses are accepted except the relationship between threats of dis-intermediation and increasing channel competence.