• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.4
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• pp.34-41
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• 2018

This paper studied balanced regional development focused on employment in Korea, by analyzing regional disparity between regional and industrial employment. A Gini-coefficient decomposition method and Panel Granger causality test were conducted, using raw data of the Census on Establishments reported by the Statistics Korea. The regional and industrial disparity of employment, based on the Gini-coefficient decomposition method, have increased by year. However, the growth rates of disparity are on the decrease. Most of employment disparity occurred from regional disparity between SMA (Seoul Metropolitan Area) and Non-SMA. Industrial disparity are occurred mainly by the service industry. The amount of contribution to the whole disparity of inter/intra regional employment was differed by each industrial sector. Also the causal relationship between employment growth of manufacture and that of service industry was analyzed by Panel Granger causality test. In national level, the employment growth in manufacture industry has conduced that in service industry. On the other hand, in the Non-SMA, only the employment growth in manufacture industry has augmented that in service industry. In conclusion, to reduce employment disparity, the strategy for balanced regional development should be emphasized. Different strategies are needed across regions and industries. Basically creating new job in the Non-SMA is inevitable. In view of stable employment, manufacture industry is more desirable rather than service industry.

• Korean Journal of Poultry Science
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• v.49 no.1
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• pp.33-43
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• 2022

The present study was conducted to determine the effect of reduced dietary crude protein (CP) with a synthetic indispensable amino acids (AA) supplement on the growth performance, economics, and breast meat quality. A total of 450 male broilers (Ross 308) were used from the age of 7 to 28 days. On d 7, the birds were individually weighed and randomly assigned to three treatment diets with six replicate pens for each treatment in a randomized complete block design. The experimental diets were: (1) a control diet, (2) a diet with a reduction of 1% of the dietary CP with synthetic AA supplements to meet the indispensable AA requirement (OAA) of broiler chickens, and (3) a diet with a reduction of 1% of the dietary CP with synthetic Lys, Met, and Thr supplementation to exceed 5% of the indispensable AA requirement (HAA). There were no differences among the treatments on the final body weight, weight gain, and feed intake. However, the HAA diet impaired the feed conversion ratio at d 21 and during the overall feeding periods (P<0.05). The predicted total feed intake and feed price required to reached 1.5 kg BW was higher than for the birds fed the HAA diet (P<0.05). The breast meat muscle fiber cross sectional area and fiber density varied between the treatments (P<0.05). However, there were no differences in breast meat weight. In conclusion, reducing 1% of dietary CP had no adverse effects on the growth performance or breast meat yields.

• Economic Analysis
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• v.26 no.3
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• pp.1-47
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• 2020

This paper surveys research since the 1990s on the ability of the yield spread and its components (i.e., expectation spread and term premium components) for future economic activity, and also conducts an empirical analysis of their forecasting ability using the yield data of Korean government bonds. This paper's survey, particularly for the US, shows that the yield spread has significant predictive power for some macroeconomic variables, but since the mid-1980s, its predictive power seems to have declined, possibly due to stronger inflation targeting. Next, this paper's empirical analysis using Korean data indicates that the yield spread, and the term premium component in particular, has significant predictive power for industrial production (IP) growth, consumer price index growth, and the IP gap. An out-of-sample analysis shows that the prediction equations are unstable over time, and that in predicting IP growth, the yield spread decomposition makes a significant contribution to the prediction of IP growth.

• Proceedings of the Technology Innovation Conference
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• 1996.12a
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• pp.265-295
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• 1996

This paper investigates empirically the relationship between various business portfolio properties (particularly technological properties) and chaebol′s performance using data on the 50 largest chaebols in Korea. In addition to the traditional indexes to measure diversification such as entropy index we calculated inter-industry technological similarity using R&D expenditure data by industry and 1990 Input-output Table in Korea, and obtained chaebol-level technological relatedness and internal transaction proportion from chaebols′business profile, inter-industry technological similarity and 1990 input-output table. We applied factor analysis on 13 business portfolio property indexes and showed that they could be grouped into 3 dimensions, diversification scope, inter-business relatedness and degree of vertical integration. In this paper, using 50 largest chaebols′financial data (1989-1994), we analyzed empirically the effect of business portfolio properties on ROS (Return On Sales) which is conventional index for firm performance and on TFP(Total Factor Productivity) growth which is a pure measure of firm performance. To utilize the advantage of panel data, FEM(Fixed Effect Model) and REM(Random Effect Model) were used. The empirical result shows that the entropy index as a measurement of inter-business relatedness is not significant but technological relatedness index is significant. OLS estimates on pooled data were considerably different from FEM or REM estimates on panel data. By introducing interaction effect among the three variables for business portfolio properties, we obtained three findings. First, only VI (Vertical integration) has a significant positive correlation with ROS. Second, when using TFP growth as an dependent variable, both TR(Technological Relatedness) and f[ are significant and positively related to the deepened variable. Third, the interaction term between TR and VI is significant and negatively affects TFP growth, meaning that TR and VI are substitutes. These results suggest strategic directions on restructuring business portfolio. As VI is increased, chaebols will get more profit. A higher level of either TR or W will increase TFP growth rate. but increase in both TR and VI will have a negative effect on TFP growth. To summarize, certain business portfolio properties such as VI and TR can be considered "resources" themselves since they can affect profit rate and productivity growth. VI and TR have a synergy effect of change in profit rate and productivity growth. VI increases ROS and productivity growth, while TR increases productivity growth representing a technological synergy effect.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.11
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• pp.5163-5168
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• 2012

The aim of this study is to develop the supply-demand model(dynamic recursive simulation model) on the Hallabong tangor. In order to analyze the effects of alternative policy scenarios on the Hallabong tangor sector. Simulation runs were experimented for the period, 2011~2021, with three different scenarios. The major simulation results are as follows. The results of baseline show that in the year, 2021, acreage, production, price received by farm would be 2,051.5ha, 62,049.1 ton, 2,537.4 won per kg respectively. The results of scenario I (shipping control scenario) show that in the year, 2021, acreage, production, price received by farm would be 2,079.4ha, 62,984.9 ton, 2,836.3 won per kg respectively. The results of scenario II(the rate of economic growth 3.5%) show that in the year, 2021, acreage, production, price received by farm would be 2,039.5ha, 61,647.5 ton, 2,417.3 won per kg respectively. Finally, The results of scenario III(Survey of experts) show that in the year, 2021, acreage, production, price received by farm would be 2,053.7ha, 62,124.4 ton, 2,574.8 won per kg respectively. Therefore, economic recession can be a negative role in the industrial growth and price of Halabong tangor, but expansion of Hallabong tagor's export and processing can be a very positive role in the industrial growth and price of Halabong tangor.

• Journal of Nutrition and Health
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• v.10 no.3
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• pp.33-47
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• 1977

This study was devised to observe the nutritional effect by feeding of rice diet supplemented with Ginseng powder in Albino rats. The male albino rats (84 heads), weghing about 56g, were used for the experimental animals. They were divided into six diet groups; which were the 6.4% protein diet, the 12.8% protein diet and the 17.9% protein diet as the control and each control diet was supplemented with 3% of Korean Ginseng powder as experimental diet. These diet groups were again divided into 2 groups according to the feeding terms, 3 weeks and 6 weeks. The animals were sacrificed after feeding the coresponding diet for 3 weeks and 6 weeks and the liver, heart, kidney, intestine and serum were collected as samples for analysis. The growth rate, efficiencies of protein and food, lipid, cholesterol and nitrogen in the samples were determined. The results obtained are summerized as follows; 1. The growth rate were improved by feeding of the 13% and the 18% protein diet supplemented with 3% ginseng powder than the coresponding control diet group, although the same results were not observed in the 6.8% protein diet groups. 2. The consumptions of the food and the protein in each dietary group were similar to each other. 3. The efficiencies of the food and the protein were improved by feeding of the 13% and the 18% protein diet supplemented with the ginseng powder than each control diet group. 4. The lipid contents in the liver of each expperimental diet group, in the feeding for 3 weeks, were shown the tendency to increase slightly, compared with the coresponding control group, whereas in the feeding group for 6 weeks, the contents were shown rater the decreasing tendency. 5. The total cholesterol contents in the liver of each experimental diet group, in the feeding group for 3 weeks, were maintained slightly higher level than the coresponding control group, whereas in the feeding group for 6 weeks, the contents were shown similar levels. 6. The total cholesterol contents in the heart were maintained with similar level in each diet group and each feeding term.

• Journal of Technology Innovation
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• v.14 no.1
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• pp.67-99
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• 2006

Utilizing the patent application data between 1997 and 2002, this study focuses on analysing the impact of patents on firm value. Especially we attempt to examine the difference of patents between venture firms and general firms. This paper first shows that the number of the patent applications of general firms listed on the securities market is more than that of venture firms listed on KOSDAQ. It is thought that this result is originated from the facts that the size of firms of the securities market is usually bigger than that of the firms of KOSDAQ and that these large firms could manage R&D more efficiently. Second, this paper reports that there is no difference in the ratio of patent maintenance between venture firms and general firms. Both venture firms and non-venture firms would do their best to keep their patents after patent regisration. Third, in the regression of patent index and firm growth, we find that the excellence of patent and the number of patents per employee would have an impact on the growth of firms. Fourth, the regression of patent index and profitability shows that the excellence and the number of patents per employee might have an effect on the profitability of firms.

• Current Research on Agriculture and Life Sciences
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• v.1
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• pp.113-140
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• 1983

This is a study on a landscape planning along the street 1~4, which are gateways to Taegu city and an important scenery. Therefore, emphasis was given to provide a bright, clean and beautiful first impression to visitors and citizens. The area is being developed for education and athletic park. Plans to construct a fountain, pergolas and a pond were set up to complement the active and passive facilities to the existing a athletic facilities in the area. Since D part in the area have alkali soil (pH 8.1), soil amendment is necessary for successful growth of trees and ground covers. When the area is filled or added with new soil for soil amendment, it will be important to use fresh soil which can support plant growth. It will be ideal to use ground covers and shrubs on the existing retaining walls along the street for keeping natural vegetation and slope stability instead of further cutting and reconstruction. It is not reasonable in technical and economic sense to remove rocks of the slope for planting trees. In order to harmonize plant color distribute, tall needle and broad leaf trees in the background as a screen, flowering trees were arranged in groups at front, and annuals were mass-planted along the footway. Natural-form-trees will be planted because they not only serve as a greenbelt but also are more economics in maintenance than formative trees.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.783-793
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• 2020

This research investigates the explanatory factors governing the dividend payout to shareholders of blue-chip companies listed on Bursa Malaysia. In spite of continuous attention offered by empirical research on dividend payout of publicly-listed companies, paradoxically only few studies exclusively examined the explanatory factors from the perspective of blue-chip companies. Recognizing the capability of blue-chip companies to serve as a stalwart indicator of stock market condition as well as a consistent income source to shareholders, more research should be carried out for better inference on the companies' dividend payout decision. This research is using 522 observations from a sample of 18 Malaysian blue-chip companies over a 29-year period (1990 to 2019) and utilizes a panel data regression analysis for the estimation of the impact of eight factors, namely, systematic risk, leverage, free cash flow, lagged dividends, market-to-book value, profit growth, total asset turnover, and company size. Measuring dividend payout using two specifications (dividend/earnings and dividend/total assets), this research reveals that systematic risk and free cash flow have a significant and negative impact on dividend payout. Meanwhile, past year dividends, market-to-book value, profit growth, total asset turnover and company size have a significant and positive impact on dividend payout.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.465-474
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• 2020

This study investigates how financial resources and entrepreneurial orientation (EO) may influence the performance of small- and medium-sized enterprises (SMEs) in the United Arab Emirates (UAE). Twenty-seven interviews were conducted and evaluated using the method of GABEK® (A GAnzheitliche BEwältigung von Komplexität - holistic processing of complexity). The research demonstrated that access to financial resources has significantly mediated EO's effect on the SMEs' performance. The study found that financial autonomy, enhanced through both personal financing and availability of external finance sources, plays a central role in supporting the EO dimension of autonomy and enhancing the SMEs' performance. In particular, the other EO dimension of risk-taking is stymied by lack of funds with which to take commercial and market opportunities. However, when an innovation strategy is pursued and adopted, access to finance can be facilitated, either through financial institutions or through other governmental funding programs attracting high potential innovators. Furthermore, financial barriers, difficulties accessing bank financing, and legal issues have a detrimental impact on SMEs' growth. The study has implications for policy-makers in the UAE, specifically in terms of sending a signal for lending institutions to consider strategies that provide access to affordable financial services to satisfy SMEs' needs.