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A study on Management Strategy of Italian Hotel Restaurant in Korea (국내호텔 이태리식당 경영전략에 대한 연구)

  • 추상용
    • Culinary science and hospitality research
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    • v.6 no.1
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    • pp.57-78
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    • 2000
  • In the 21st century the size of sales of food service business in Korea will be 30 trillion won which means Food service business in Koreas is a mega market, but it is only quantitative growth and might face the limit of growth. At the same time it is predicted that from the academic world Food service business will develop endlessly after IMF condition. Of course I hope so as a member of national. Al though I propose that quantitative side is important, qualitative side must not be disregarded the present and future customer is needs should be met because the 1st goal of company is to achieve a management goal and pursuit profit. The present situation requires a peculiar and specific strategy of its own which can not be followed by competing hotels so that value can be created and buying intention can be occurred after buying. Until now the goal of marketing campaign has been transacted marketing just for closing a transaction, but it must be related marketing which is seeking mutual interests of customer and company. The strategies to attain these goals are : 1) to change from products and service management-focused to customer management and relationship building-focused. 2) to establish a core strategy which needs to be changed from market occupancy of volume expansion to customer occupancy. 3) to change from one-way communication to two-way communication. 4) to change from large scale marketing by company dimension to small scale marketing by sections. If companies focus on core benefit and augmented service to be sought by customers and make every efforts to create a value customer occupancy will increase automatically, the reduction of marketing cost will be followed, and marketing efforts will be much more efficient. In introducing a new product it is still easier to diffuse through the existing customers, and also important market information can be obtained from customers using this close relationship. If this close relationship maintains well customers will say even a trivial inconvenience and complaint and propose an idea of new product. Kotler divides relationship marketing into 5 stages such as Basic, Reactive, Accountable, Proactive, and Partnership. From the 1st stage to the last stage customer management is absolutely important and also in management strategy. The last stage, Partnership can come into the stage which is actively participated in service development and problem solving by customers. so more loyal customers have more successful performance the company attain.

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Parity Specific Approach to the Plan of Having an Additional Child (기혼여성의 출산아수별 추가출산계획)

  • Kim, Cheong-Seok
    • Korea journal of population studies
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    • v.30 no.2
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    • pp.97-116
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    • 2007
  • As the fertility level in Korea continues to drop with detrimental implications for the society, it has regained much attention of academics and policy makers. This study, building on the previous research on fertility behavior, attempts to explore the plan of young married women to have an additional child. While such plan is not always put into practice, it is still closely related to fertility behavior. In addition, it can provide useful clues to understanding behavior in the future. Utilizing a recent nationwide survey on marriage and fertility, the study analyzes the plan of further birth among young married women according to the number of their children. The results show that the plan for first child is quite universal as no difference is found by their socioeconomic and demographic characteristics. However, having plan for second child differs by the work status of husbands, presence of mother of young married women, and the sex of first child. The effects of first two factors suggest that young married women take into consideration stability of home economics and availability of care sharing. As for the plan for the child, the present and ideal sex composition of children appear most important. The results indicate that the mechanism of fertility progression differs by the current number of children. Thus, consideration of such differential would help us deepen our understanding of fertility behaviors and need to reflect in the study. The study also argues that comprehensive and systematic qualitative research should be accompanied by to capture complexity of fertility decision making process.

An Analysis on the Investment Determinants for Insolvent Housing Development Projects (건설회사의 공동주택 PF 부실사업장에 대한 투자결정요인 분석)

  • An, Kukjin;Cho, Yongkyung;Lee, Sangyoub
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.2
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    • pp.112-121
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    • 2014
  • After IMF bailout crisis in Korea, project financing has been employed as a major funding vehicle for the housing development. In 2008, the recession of housing market due to the global financial crisis had an significant impact on the increasing insolvent site of PF based housing development project, resulting in serious impact to whole economy as a chain effect. In order to resolve this vicious circle of bankruptcy, the major construction companies were urged to take over the insolvent sites and invest to them for normal project exit, and finally play a critical role in normalization of market. Therefore, this study aims to define the core factors for decision making to invest to insolvent site and find out differences among constructors, developers, financial lenders. The results from AHP analysis, the profitability was the most important factor to constructors. Moreover, even though the location merit is little less, through competitive price, we can assure that stable profitability is most important factor to decide to invest in insolvent site. In conclusion, the price is cheap, is highly feasible, if the land secured, major construction company will participate in a PF business investment. These findings were verified by the investment case of major construction company.

Time-Space Analysis of Road Traffic Flows in Seoul (서울시 도로교통흐름에 대한 시.공간적 분석)

  • Lee, Keum-Sook;Min, Hee-Hwa;Park, So-Hyen
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.4
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    • pp.521-539
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    • 2009
  • This study investigates the time-space characteristics of the road traffic flows in Seoul and the relationship with land use patterns. For the purpose, we analyze the road traffic data collected at 118 observation sites over Seoul City area since 1993. We examine the time-trend of the annual average traffic flows per day during the last fourteen years. Three different trends are revealed: rapid increase during the time period between 1993 and 1997, maintenance same level after sharp decrease between year 1997 and 1998, and gradual decrease after sharp decrease between year 2003 and 2004. The spatial distribution patterns of road traffic flows have also been changed significantly during the period. The traffic flows in the urban center have been declined gradually, while the traffic flows in the boundary area and southern CBDs have increased dramatically. In order to examine the relationship with the changes in the land-use patterns and road traffic flows, we analyze the changes in the spatial distribution patterns of population and industries. We developed three multiple linear regression models to test the relationships between the changes in the land-use variables and road traffic flows.

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Expression Profiles of Triacylglycerol Biosynthesis Genes on Fattening Stages in Hanwoo (한우 비육기간 중 중성지방 생합성 관련 유전자의 발현양상)

  • Kim, Nam-Kuk;Kim, Sung-Kon;Heo, Kang-Nyeong;Yoon, Duhak;Lee, Chang-Soo;Im, Seok-Ki;Park, Eung-Woo
    • Journal of Animal Science and Technology
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    • v.50 no.3
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    • pp.293-300
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    • 2008
  • Muscle fat content including intramuscular fat content(IMF) is the most important parameter in meat quality of cattle. Triacylglycerol is the major component of fat and is found in adipocyte and skeletal muscle. In present study, we carried out the determined of triacylglycerol contents and mRNA expression patterns of genes related with triacylglycerol biosynthesis such as ACSS2, GPAT, MGAT and DGAT in Hanwoo longissimus muscle using the real-time PCR. The triacylglycerol contents were continuously increased during the fattening stages. Interestingly, the contents of triacylglycerol were 7.4 fold higher(0.34 vs. 2.51, P<0.01) in 27 months old group than 12 months old group. The mRNA levels of ACSS2, GPAT and DGAT genes were also increased during fattening stages, whereas that of MGAT gene did not show difference among the stages. Thus, these results suggested that increasing of the triacylglycerol contents in longissimus muscle during fattening stages may be related with increased expressions of triacylglycerol biosynthesis genes(ACSS2, GPAT and DGAT). These results will be helpful to understand the mechanism of muscle fat deposition in skeletal muscle.

Analyzing on the Fluctuation Characteristics of Management Condition of Construction Company (건설업체 경영상태 변동에 대한 특성 분석)

  • Jang, Ho-Myun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.2
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    • pp.1118-1125
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    • 2014
  • The past IMF foreign exchange crisis and subprime financial crisis had a big influence on variability of macroeconomics, even if the origin of its occurrence might be different. This not only had a significant infrequence on the overall industries, but also produced many insolvent companies by being closely linked with a management environment of an individual construction company leading the construction industry. The purpose of this research is to investigate characteristics of management condition of construction company according to the size of construction company using KMV model developed on the basis of the Black & Scholes option pricing theory. This research has set 28 construction companies listed to KOSPI/KOSDAQ for applying the KMV model and measuring the level of the default risk of construction companies. The data was retrieved from TS2000 established by Korea Listed Companies Association (KLCA), Statistics Korea. The analysis period is between first quarter of 2004 and fourth quarter of 2010. This research examine characteristics of the level and fluctuation process of the management condition of construction company according to the size of construction company.

Study on Estimation of the Appropriate Social Discount Rate for Evaluating Public Investment Project (공공투자사업 평가의 적정 사회적할인율 추정에 관한 연구)

  • Jang, Byeong-Cheol;Son, Ui-Yeong;O, Mi-Yeong
    • Journal of Korean Society of Transportation
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    • v.28 no.2
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    • pp.65-75
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    • 2010
  • When the cost-benefit analysis is applied for social discount rate(SDR), the choice of SDR to be used in analysis is critical. One of the important issues when public investment project evaluate what is the SDR theory, so there have studied about SDR and no exact answer it so far. In this study, there are three of SDR theories that be estimated social time preference rate, social investment returns and the weighted average method from 1990s, 2000 to 2003 and 2004 to 2008.. First, social time preference method computes consumer's interest rate and the model of Pearce and Ulph(1999). Second, social investment returns method computes private returns of capital. Third, the weighted average method computes the model of Squire, L., Herman G. van der Tak(1975) and private consumption expense and the private investment expense. SDR is estimated in the rage between 2.4% and 3.9% from 2004 to 2008. It is not appropriate that the interest rate was unstable. But it is consider for social equity from present to future generations. Considering this things, downward need to the value of current SDR 5.5%.

An Empirical Study on the Failure Prediction for KOSDAQ Firms (코스닥기업의 부실예측에 대한 실증 분석)

  • Park, Hee-Jung;Kang, Ho-Jung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.3
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    • pp.670-676
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    • 2009
  • Bankruptcy of firms in Korea can cause distress of financial institutions because these institutions have disterssed bond. Accordingly, social and economical spill-over effects by these results are very big. Even after the difficult times of IMF crisis had ended, bankruptcy of information-based small-medium companies and venture firms listed on the KOSDAQ has been continued. In this context, this study developed and adopted failure prediction models for which discriminant analysis was used. Samples of this study was 81 firms respectively for both failed and non-failed firms listed on the KOSDAQ between the year of 2000 and 2007. The results of this study are as follows. First, the accuracy of classification of the model by years was $74.5%{\sim}76.5%$, and the accuracy of classification of the mean model was $69.6%{\sim}80.4%$. Among the models, the mean model of -one year, -two years, and -three years was highest in accuracy of classification (80.4%). Second, accuracy of prediction of final model adopted on validation samples showed 85% before one year of bankruptcy. The results of this study may be significant in that the results may be used as early warning system for bankruptcy prediction of KOSDAQ firms.

Analysis of Nutritional Components and Development of an Intermediate Moisture Food from Sturgeon (철갑상어의 영양성분 분석 및 중간수분식품 개발)

  • Jin, Soo-Il;Kim, Young-Cook;Kang, Sung-Won;Jeon, Chang-Ho;Choi, Soo-Jung;Kim, Jae-Kyeom;Choi, Sung-Gil;Heo, Ho-Jin
    • Food Science and Preservation
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    • v.15 no.5
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    • pp.719-724
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    • 2008
  • The overall objectives of this study were to examine the potential of sturgeon as an intermediate moisture food (IMF) by measurement of nutritional components, such as minerals, fatty acids, amino acids, and water activity. Chemical compositions were as follows:moisture 73.2%, crude protein 19.9%, crude lipid 5.7%, ash 1.1%, and carbohydrate 0.1%. Minerals were K 317.70, P 259.88, and Mg 29.78 mg/100 g. Fatty acids detected were oleic acid (40.46% of total), palmitic acid (23.27%), and linoleic acid (15.35%). In addition, sturgeon was very rich in glutamic acid (1,189.71 mg/100 g) and deficient in serine (55.12 mg/100 g). Moisture content and water activity of sturgeon dried at $40^{\circ}C$ after soaking in different concentrationsof sugar and salt solutions were 15.12-16.24% and 0.68-0.79, respectively. Sensory evaluation of sturgeon soaked in different concentrations of sugar and salt solutions indicated that sturgeon soaked in 3.0% (w/v) sugar and salt solution scored highest.

The effect of corporate risk on Korean bond market (기업의 위험이 회사채 수익률에 미치는 영향)

  • Choe, Yong-Shik;Choi, Jong-Yoon
    • Journal of Digital Convergence
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    • v.16 no.12
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    • pp.175-183
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    • 2018
  • This study analyzes determinants of bond returns in terms of systematic risk versus idiosyncratic risk by examining relationship among those factors. First we examined the cross-sectional determinants of corporate bond returns with Korean bond market data from 2001 to 2014. This paper uses term factor and default factor for systematic risk, and duration factor and credit rating factor for idiosyncratic risk. The empirical result shows that systematic risk can explain cross-sectional differences of bond returns rather than idiosyncratic risk which is the same result in advanced markets(US or Europe). This result is different from the previous Korean studies which showed that idiosyncratic risk is more important than systematic risk in Korean bond market. The reason for the different result may be the longer sample period which includes the most recent period. It is insisted that Korean bond market is getting more synchronized with the advanced bond market. In conclusion, this empirical result implies that Korean bond portfolio managers should focus on systematic risk, which is contrary to current system in Korean asset management industry.