• Journal of Korea Trade
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• v.26 no.6
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• pp.1-19
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• 2022

Purpose - This study empirically investigates the effects of Official Development Assistance (ODA) on the economic activities of private actors in recipient countries. As a proxy for the economic activities of private actors, we utilize the job creation activities of foreign subsidiaries in recipient countries. The foreign subsidiaries provide a foundation for economic development by creating paying jobs. That is, if ODA has been successfully transferred to foreign subsidiaries, then these foreign subsidiaries should help economic growth and help create a boom in the local market by providing jobs. These jobs eventually lead to the achievement of the primary aims of foreign aid, including poverty reduction. Thus, this study empirically examines the relationship between ODA and the number of jobs created by foreign subsidiaries in recipient countries. Design/methodology - This is the first study to examine the effects of the ODA on the job creation of foreign subsidiaries because it has been hard to obtain internal information related to the employment status of foreign subsidiaries. Fortunately, we have a unique panel dataset provided by the Export-Import Bank of Korea (KEXIM) for 2006 to 2013. In terms of the empirical specification, we use the generalized least squares (GLS) method. The panel GLS estimator allows us to have an efficient estimation that overcomes the limitations of the panel data. It employs assumptions about the heteroscedasticity between the panels and makes an autocorrelation of the error term within each panel. Findings - We find that ODA influences job creation in foreign subsidiaries. In particular, we found that ODA creates more jobs in sales than in managerial or production positions. This study also shows that the effect of the ODA on the foreign subsidiaries' job creation activities depend on the purpose of the ODA. By examining ODA effects on the foreign subsidiaries' economic activities (e.g., job creation), this study fills a gap in the current literature. Originality/value - Existing studies that focus on the ODA effect have either a macroeconomic point or a microeconomic point of view. However, both approaches do not explain how well foreign aid has influenced private economic actors of recipient countries. In essence, previous researchers found it difficult to obtain the necessary data for internal employment status from foreign subsidiaries. However, thanks to the Korea Export-Import Bank, this study shows that ODA indeed influences the job creation activities of foreign subsidiaries even after controlling for other factors such as FDI, GDP growth rate, employment rate, household expenditure, mother firms' share, etc. By doing so, we can examine how ODA influences the job creation of foreign subsidiaries, which might help economic development and reduce the amount of poverty in recipient countries.

• Journal of the Daesoon Academy of Sciences
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• v.46
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• pp.153-188
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• 2023

This paper aims to confirm theoretical similarities and differences by comparing and considering the economic views of Neo-Confucianism and Daesoon Thought. Through this, there can be an examination of what implications traditional thought regarding economic views can have in today's social climate, which considers economic value to be the greatest value. This can also to help establish a desirable economic view of our society. In conclusion, it can be observed that economic issues are viewed in Daesoon Thought similarly to how they were perceived by Zhu Xi. Which is to say that both place greater relative importance on morality than material wealth. These systems of thought appear to place more emphasis on the spiritual world and moral conduct than on the material world and its economy. Therefore, when looking at the interpretation of loyalty and profit, nature and humanity, the heart and humanity, conscience and selfishness, and other such pairings, there is a tendency to focus more on the spiritual world and moral excellence than on the material world and the pursuit of wealth. These systems of thought acknowledge that material needs exist; however, both move to instill values such that human society pursues moral and spiritual ventures over material gain. Therefore, the position arrived upon by both is that people's morality is the highest good, and when people's morality is fully realized, all social problems, including economic problems, will be solved automatically. This is the theoretical structure and ideological characteristics that constitutes the economic viewpoints posited in both Zhu Xi's Neo-Confucianist thought and Daesoon Thought.

• Journal of the Korean Institute of Landscape Architecture
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• v.37 no.2
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• pp.70-77
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• 2009

The purpose of this study is to evaluate the economic value of an urban landscape. The site of this study was Independence Park in Seoul. Before measuring economic valuation, an amount of view analysis was performed to learn the visual characteristics of the landscape. As a result, the green space ratio of the park is approximately 64%. This study estimates the intrinsic value of an urban landscape that might be included in housing prices using a hedonic price model. The hedonic price model is a statistical analysis that is often used to estimate intrinsic values of certain attributes of a product. The Box-Cox model was adopted as an analysis tool while the housing price for $3.3m^2$ was used as a dependent variable and housing and landscape features as independent variables. Results show that the value of the landscape of the Independence Park is approximately 2.2% of the housing market price. The Landscape variables of the park is the second most significant of the 8 variables. This shows that residents perceived the view of the urban landscape as one of the most significant factors in their living environment. The study also indicates that urban landscapes play important roles in improving quality of life and in influencing housing prices. The implication of the study can be said to be the potential of the urban landscape as a significant urban infrastructure. These results can be used to help make policy decisions to preserve and/or develop urban landscapes.

• Journal of Distribution Science
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• v.13 no.12
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• pp.53-63
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• 2015

Purpose - Recently, creating shared value (CSV) has attracted attention through plan sustainability and the growth of corporate management. Porter and Kramer (2011) defined the core concept of CSV as social value, economic profits, improvements in the economic social condition, and reinforcing competitiveness. The purpose of CSV, which is to pursue economic profits through a social solution to the problem, agrees with managing the objective of a social enterprise that prioritizes the pursuit of profits through the realization of a social purpose. Today, CSV studies focus on CSR and sustainability and reinforce competitiveness. However, few studies focused on the social economy. Precedent studies examined CSV using a company example, and few studies exist from the perspective of consumers and the point of view of a market society. Research design, data, and methodology - Therefore, this study examines CSV in comparison to a background of the social economy. This study also investigates and analyzes the concept of social value from the point of view of consumers, social problems, consumption value, corporate value, and the influence of consumers. This article develops three hypotheses. Hypothesis 1 investigates the correlation with social innovation that consumers thought as being necessary for social innovation by a company. Hypothesis 2 is used to confirm the influence of consumers in CSV. Therefore, this article investigates the influence of consumers on consumption action for companies that are indifferent to social problems. Hypothesis 3 is used to verify the correlation between the value that consumers demand through consumption and the corporate value that companies pursue other than profits. The three hypotheses were adopted and met the standard for suitability. Results - The importance of the CSV study from the consumer perspective was confirmed using the influence of consumers on CSV. Because the objective of company activities is either the consumer or the market, the influence that extends to interactions between the company and consumers to ensure the success of a business is significant. Regarding the CSV study, because it was an initial study, various approaches are subsequently developed. However, conceptual and practical case studies on CSV currently exist that may be used to verify the factors that comprise CSV. Therefore, the company example may enable verification of the factors that influence the composition of CSV through identification from the consumer perspective. In addition, studying CSV as an action result (of consumer satisfaction, of a company's profits and competitiveness, and of society's cancellation of a social problem) may enable the realization of a practice paradigm as opposed to simply thought and faith. Conclusions - First, this study confirms the social value of a business through the feasible and common pursuit of consumers by corporations. Second, customer influence accounts for an important part of CSV. Third, shared value commonly provides a necessary advantage to consumers, corporates, and society, and contributes to the economy and healthy social development. Fourth, corporates can conduct a business, generate profits, and realize value through improvements in social problems and by addressing their competitive strengths and weaknesses.

• Korean System Dynamics Review
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• v.13 no.3
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• pp.47-66
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• 2012

This paper aims at investigating and identifying the factor that has led the back and forth relationship between China and the United States since 1989. Previous studies on this subject addressed the issue by taking either of two approaches: one with the micro view that interprets the back and forth relationship in the context of the end of the Cold war, on other hand, with the macro view that interprets the fragile relationship in the context of the rise of China. However, neither of the approaches explains with sufficiency the question at hand. Hence for the inquiry, this article suggests a fresh view by exploring alternative method of using a cognitive map of each nation's leader, Jiangzemin and Bill Clinton. This article provides an empirical analysis through the Selected works of Jiangzemin and the speeches of Bill Clinton in 1998 for the first time in the field of Sino-US relationship studies in Korea. With the results of the cognitive map analysis, we can reach the following four points. Firstly, indicators of the forth relationship between China and the US are: i) the recognition by Bill Clinton on the importance of China's economic growth and; ii) the US's cooperation of science technology with China. Second, the conflict between China and the US results from the discordance of opinions on the matter of human rights and military power. Second, the conflict will inevitably arise on environmental issues around the globe including a global warming. Third, while China has yet to find a legitimate reason to agree upon these issues with the US, the US urges China of its cooperation. Lastly, Both China and the US attach great importance to the alliance with Japan. This implicates that relatively, issues involving Japan take more control in the China-US relationship, than those of Korea Peninsula.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.9
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• pp.4186-4192
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• 2012

Because wind turbines are larger and more off-shore construction due to economic and environmental factors, it is more difficult to access the wind turbine as well as the necessary parts and the maintenance costs are increasing. So, we need to minimize fault elements and to prevent a secondary accident at failure through monitoring to reduce maintenance costs and to increase reliability of operation. In this paper we have implemented ZigBee based wireless sensor nodes and network for wind turbine condition monitoring using temperature, humidity, voltage, current, wind direction, and wind speed sensors. ZigBee wireless sensor nodes signals are transmitted to a central monitoring system via routers. Also, the sensor signals are collected and processed using LabVIEW program to monitor the wind turbine conveniently. The administrators and users can monitor the condition of wind turbine at remote site in real time over TCP/IP.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• v.29 no.1
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• pp.325-332
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• 2005

As ship builder companies have a tendency to pursuit the effect of scale economy, recently the ultra-large sized container ship is discussed very actively among them. It is expected that these situation will be continued for the time being. The need of accommodation re-arrangement is carefully proposed according to the tendency of ultra-large sized ship. In this paper, accommodation re-arrangement of ultra-large container ship is examined in the view of economy. We proposed separation of engine room and accommodation part through review and supplementaition of drawing generation in intial design stage. Also we investigated its merits and demerits to find out whether it can be realized or not in the view of economical efficiency. The RFR(Required Freight Rate) is considered as the objective function to evaluate the re-designed vessel. The economical benefits for increasing the number of TEU(Twenty-foot Equivalent Units)'s and the re-arranged space are analyzed in the view of ship owner and shipyards respectively.

• Journal of the Korean Society of Safety
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• v.29 no.2
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• pp.24-30
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• 2014

There have been controversies over whether explosion hazardous area(EHA) should be classified for facilities which use lighter-than-air gases such as city gas, hydrogen and ammonia. Two view points are confronting each other: an economic piont of view that these gases are lighter than air and disperse rapidly, hence do not form EHA upon release into the atmosphere, and a safety point of view that they are also inflammable gases, hence can form EHA although the extent is limited compared to heavy gases. But various standards such as KS, IEC, API, NFPA do not exclude light gases when classifying EHA and present examples of EHA for light gas facilities. This study calculates EHA using the hypothetical volume in the IEC code where the hole sizes required for the calculation were selected according to various nominal pipe sizes in such a way to conform to the EHA data in the API code and HSL. Then, 25 leakage scenarios were suggested for 5 different pipe sizes and 5 operating pressures that cover typical operating conditions of light gas facilities. The EHA for the minimum leakage scenario(25 mm pipe, 0.01MPa pressure) was found to correspond to a hypothetical volume larger than 0.1 $m^3$(medium-level ventilation). This confirms the validity of classifying EHA for facilities using lighter-than-air gases. Finally, a computer program called HACPL was developed for easy use by light gas facilities that classifies EHA according to operating pressures and pipe sizes.

• The Journal of Korean Medicine Ophthalmology and Otolaryngology and Dermatology
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• v.12 no.1
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• pp.268-294
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• 1999

External therapy is a very useful method in today. But a study of theoretical basis of external therapy is very poor in Korea. So I carried out to investigate of 《Li Yue Pian Wen, 理淪騈文》. And I translated and analyzed to , firstly. Wu Shi Ji (吳師機) was one of the physician in qing(淸) dynasty (AD). He wrote the 《Li Yue Pian Wen, 理淪騈文》 which is the first special book on the external therapy(外治法). This is composed of 5 parts. In these parts,

• Journal of the Korean Home Economics Association
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• v.44 no.11
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• pp.1-12
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• 2006

The purpose of this study was to examine how married women with a child perceived the low-fertility issue in order to increase the success of policy decisions for increasing the fertility rate and to present alternatives. The study subjects were 327 married women with a child who resided in Dongjak-gu, Seoul. After the survey was conducted, the collected data were analyzed with SPSS 11.5 program. The findings of the study were as follows. First, the married women who already had one child found it ideal to have two children. In fact, however, 36.4% had determined not to have another child, and only one parent wanted to have a second child in 26.9%. Second, they took a dismal view of the government's fertility encouragement policies, and they considered it necessary for the government to pursue a more down-to-earth measure. Third, economic aid for child rearing and education was identified as the most critical way to boost the childbirth rate. In conclusion, current national policies aimed at increasing the low-fertility rate are redundant if they are only designed to publicize government action. Actions need to be taken to assist married women in taking better advantage of the existing policies.