• Title/Summary/Keyword: Industrial restructuring

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The Characteristics of Korean Petroleum and Petrochemical Industries and Change of Participation in Global Value Chains (한국 석유화학산업의 특성과 글로벌가치사슬 참여 구조 변화)

  • Ko, Nayoung;Kim, Seonghun
    • Journal of the Economic Geographical Society of Korea
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    • v.23 no.3
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    • pp.349-368
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    • 2020
  • The aim of this study is to examine the relationship between the characteristics of Korean petroleum and petrochemical industries and the change of participation in global value chains. Since 1960s, Korean petroleum and petrochemical industries have been developed under government's industrial policies. In 1980s Korean petroleum and petrochemical industries served as a key export-oriented industry) of Korea's national economic development. Based on the expansion of large-scale production facilities led by the private sectors from the end of 1980s, Korea became as a major country in the global petroleum and petrochemical industries. Under Korean domestic scale, it shows considerable spatial concentration, in Ulsan Metropolitan City, Yeosu City and Seosan City. However, the degree of spatial concentration is differentiated along the each sectors within the petroleum and petrochemical industry. To improve regional industry competitiveness, each region has adopted different strategies and shifted to structural upgrading and producting high value-added products. Changes in the structure within petroleum and the petrochemical industries at the national level caused a change in the structure of Korea's participation in GVC, but the domestic value-added is lower than that of its major competitors.

Search for Viable Alternative for the Korean Occupational Welfare System at the Crossroad (전환점에 서있는 한국기업복지제도의 한 대안으로서 근로자협조프로그램의 적용성에 관한 연구)

  • Kim, Ui-Myong
    • Korean Journal of Social Welfare
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    • v.36
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    • pp.71-99
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    • 1998
  • There is a general consensus that fate of the differentiated welfare state had fallen into the brink of demise during the 1970s while the integrated welfare state model has emerged instead. Indications are all that such trend spotlights occupational welfare which has been relatively neglected, especially, in the field of social welfare. Nevertheless, the occupational welfare system in Korea faced crisis due to two major incidents. One is the IMP crisis which necessitates massive scale of restructuring of the general fabric of the Korean business and industry. There is little doubt that the economic crisis will surely cut down occupational welfare expenditure substantially. The other is a report released by the Korean Labor Research Institute which argus that there is no correlation between the Korean occupational welfare system and labor productivity. Thorough investigation of the Korean occupational welfare system suggests that current system is so outdated that it doesn't meet needs of the industrial workforce which, in turn, fails to enhance workers productivity. Consequently, a need for new paradigm and system arises and employee assistance program(EAP) emerges as a viable alternative. EAP is thoroughly delianeated of it's definition, motivations, functions, ingredients, historical background as well as cost-effectiveness. But major tasks center around an investigation and an analysis of it's applicability. In-depth analysis was carried out on the issue of it's indispensable natures and stumbling blocks on the way to lay it's root in the Korean industrial environment. It seems harder than the herculean task. However, EAP is not simply an alternative but is rather a pressing imperative for the present occupational welfare system in Korea which stands at the crossroad.

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Resident관 Cognitions and Attitudes about Urban Development Policy: A Case of Sunchon City (지방도시의 발전정책에 관한 주민의 인식과 태도: 전남 순천시를 사례로)

  • 이정록
    • Journal of the Economic Geographical Society of Korea
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    • v.4 no.2
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    • pp.23-35
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    • 2001
  • Resident's attitude and evaluation about local or urban development policies is a major factor in the process of the regional and urban 1)tanning and its practices. Therefore there are numerous studies pointing to analysis about the evaluation of the urban development policies. The purpose of this paper is concerned on the residents'cognitions, attitudes and evaluation about of urban development policy of Sunchon City in South Korea. Research area, Suncgon city, has been served as a central place of eastern Chollanamdo since 1920 and now functions as economic and commercial leading city of Kwangyang-bay area. In addition, Sunchon city is fastly growned with the influence of national development policy including the establishment of major industrial estates and the construction of container port in Kwangyang-bay area. In the overall cognition and evaluation about the quality of life of Sunchon city, most people are satisfied with the quality of life of urban living comparing with near cities such as Kwangyang and Yosu city. In particular, the level of satisfaction about education, transportation, natural environment are relatively higher than economic condition and living facilities. Most of residents have positive attitude and evaluation about the image of future urban development, and prefer to culture and education city in urban function of Sunchon city. Therefore, in order to function as a central city of Kwangyang-bay area. Sunchon city have to adopt new urban development policy including such as reconstruction of urban spatial structure, strengthening of culture and education functions, and the related facilities, restructuring of regional industrial structure. and expansion of commercial and shopping facilities.

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A Study on the Customers' Awareness for Modernizing the Facilities of Traditional Market (재래시장 시설현대화에 따른 소비자 인식도에 관한 연구 - 목포지역 소비자들을 대상으로 -)

  • Kim, Pan-Jin;Kim, Kyeong-Cho;NamKoong, Seok;Youn, Myoung-Kil
    • Journal of Distribution Science
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    • v.7 no.1
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    • pp.55-70
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    • 2009
  • There is under restructuring of whole distribution market in Mokpo recently. Large-Scale Discount Stores such as E-mart, Lotte Mart, Homeplus and Nonghyup Hanaro Mart entered successfully in the distribution environment in Mokpo. However, the small and medium distributors are falling rapidly, and traditional market is depressed. This status gives some positive effects to make one-stop, good price, good quality and great variety of shopping for saving the time and effort through changing the customers' life-style. This change, however, made the traditional market worse that played as the core channel for trading the local special products and an important role for local economic in retailing market. It is a threatening factor for that traditional market to recover the recession. The decline of traditional market and the bankruptcy of small retailing dealers accelerate the stagnation of local economic and commercial power. Therefore, it need a systematic and synthetical study to solve the negative factors for improving life of the local resident. This paper looked into the concept, issues and development strategy of traditional market that affect local economic development directly. It studied the customers' awareness for traditional market that was recently modernized the facilities in Mokpo. Particularly, based on the research material that was published last academic symposium, it looked about the issues and development strategy that could happen in traditional market not the market of a specific region but all over the country. Therefore, the purpose of this paper is that the central and local government and retailers get a help to make the efficient and useful development strategy through analyzing the effects of customers for modernizing the facilities of traditional market.

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Valuation of workout firms considering characteristics of the construction industry : focused on Black·Scholes Models (건설산업의 특성을 고려한 워크아웃기업의 가치평가 : Black·Scholes 모형을 중심으로)

  • Kim, Gu-Hoi;Won, You-Ho;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.8
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    • pp.4863-4873
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    • 2014
  • The Korean construction industry has played a major role among all industries despite its relative small ratio of all. The global economic crisis, however, has adversely affected the construction industry. Therefore, the Korean government implemented a corporate restructuring process to ensure the stability of the financial market. The selection standard on workout enterprises by the government is based on two perspectives: (1) external factors, including macroeconomic indices and (2) internal factors, including financial statements of private enterprises. On the other hand, if considering the characteristics of the construction industry, a certain construction company may not be evaluated only by its financial statements. In other words, a valuation process that utilizes the financial statements only can be concluded to be irrational. Accordingly, this study aims to provide the valuation model, which embraces the characteristics of workout firms, and determines their implications. To accomplish this, each enterprise valuation was measured using DCF and Black Scholes models, and by comparing such results with their market value, each enterprise was determined to be either under or over-valued. The results of this study verified that the valuations of 2 workout companies (out of 4) showed a higher value than the market value.

A Study on the Evolution of Logistics Policy and Response on Low Carbon Economy in China: Focused on 12th 5-Year Plan (중국 물류정책의 변화와 저탄소 경제 대응에 관한 연구 - 제12차 5개년 계획을 중심으로 -)

  • Seo, Su-Wan
    • Journal of Korea Port Economic Association
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    • v.26 no.4
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    • pp.329-353
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    • 2010
  • This paper deal with government logistics policy in related low carbon in China. The government policy of promoting low-carbon way is more dependent on the top-down enforcement rather than voluntary market principles. It will succeeded in transforming the environment-friendly image, to focus on creating a mindset the company can go on voluntary carbon-reduction. The three factors of low-carbon economy and the new energy and industrial development policy is technology and funding, and that most of the government's policy has a crucial role. Due to the nature of the Chinese economy, government policies impact on the development of the industry is very important, and even for China's industrial restructuring of the logistics industry in the areas of government policy support for green economic growth, its role is expected to be very large. In Future, Chinese government will promote low carbon policies through the optimization of the logistics network to reduce energy waste, pursue the low carbon-reduction of logistics machinery and equipment, and develop an mode to appropriate demand for green low-carbon economic growth.

A Study on the Restructuring of Appreciative inquiry process based on Systems theory : Finding a way for a sustainable school community (시스템 이론에 기반 한 긍정탐색(appreciative inquiry)프로세스 재구조화 : 지속가능한 학교공동체 형성을 위한 방법론으로)

  • Park, Su-Hong;Kim, Hyo-Jeong;Park, Jin-Yeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.5
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    • pp.3180-3187
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    • 2015
  • Appreciative inquiry is applicable to schools to minimize the resistance of the members, and the subject of the school community Forming is suitable for the introduction of an AI program. But to become a way for a sustainable school community we must reconstruct the 4D modes of appreciative inquiry that the members can be applied as needed. In this paper, we propose the process of seven steps core learning activities based on systems theory. Seven steps are selecting a theme, interviewing for finding success story, analyzing an organization's success stories and deriving the core values, deriving future of the organization, sharing future of the organization, designing the ideal future of the organization consist of a practice. Since the proposed seven steps process is based on the literature it is necessary to apply follow-up study is to verify the result, and a variety of research methods for process improvement in AI.

Loan Portfolio Management of Korean Financial Institutions (국내금융기관의 대출포트폴리오 관리기법)

  • 김희경
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.1 no.1
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    • pp.91-100
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    • 2000
  • In 1997 the recession of Korean economy brought about the bankruptcy of large corporations and the large size of non-Performing financial assets which led to IMF financial crisis. One of the major reasons for IMF financial crisis was poor loan management of domestic financial institutions . During the restructuring process of financial institutions since the IMF financial crisis, the importance of the loan management has been recognized. Especially. financial institutions' credit allocation had been concentrated on a few big conglomerates and their subsidies as well as some specific business areas. Hence, risk-diversifying portfolio effects were not reflected in any loan portfolios. The IMF financial crisis in 1997 has clearly showed that credit-risk management is essential not only for individuals' loan but also for portfolios consisting of various loans The main objective of this paper is to provide some suggestions on the direction for financial institutions in Korea to improve their loan portfolio management. Particularly, for the effective management of loan portfolios, this paper introduces quantitative credit-risk management schemes such as KMV models and CreditMetrics which are commonly used in financial institutions in advanced countries. Financial institutions in Korea should make their best efforts to establish a more scientific as well as quantitative loan portfolio management.

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Cognitive Behavioral Therapy for Primary Insomnia: A Meta-analysis (만성 일차성 불면증 환자에게 적용한 인지행동중재의 효과: 메타분석)

  • Kim, Ji-Hyun;Oh, Pok-Ja
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.9
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    • pp.407-421
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    • 2016
  • This paper reports a meta-analysis of sixteen studies that evaluated the efficacy of cognitive behavioral therapy (CBT) for persistent primary insomnia. PubMed, Cochrane Library, EMBASE, CINAHL and several Korean databases were searched between January 2015 and June 2015. The main search strategy involved the terms that indicate CBT-I (Cognitive Behavioral Therapy-Insomnia) and presence of insomnia. Methodological quality was assessed using Cochrane's Risk of Bias. Data were analyzed by the RevMan 5.3 program of Cochrane Library. Sixteen clinical trials met the inclusion criteria, resulting in a total of 1503 participants. Stimulus control, sleep restriction, sleep hygiene education, and cognitive restructuring were the main treatment components. CBT-I was conducted for a mean of 5.4 weeks, 5.5 sessions, and an average of 90 minutes per session. The effects of CBT-i on total sleep time (d=-0.31), sleep onset latency (d=-0.29), awakening time after sleep onset (d=-0.55), sleep efficiency (d=-0.70), insomnia severity (d=-0.77) and sleep belief (d=-0.64) were significant. Overall, we found a range from small to moderate effect size. CBT-I also was effective for anxiety (d=-0.30) and depression (d=-0.35). The findings demonstrate that CBT-I interventions will lead to the improvement of both sleep quality and quantity in patients with insomnia.

The Effect of Educational Experience in Elementary School Teachers on the Recognition and Implementation of the Curriculum Reorganization (초등교원의 교육적 경험이 교육과정 재구성인식 및 실행에 미치는 영향)

  • Jo, Hyang-Mi;Shin, Jin-Su
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.10
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    • pp.406-414
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    • 2019
  • The purpose of this study was to investigate how educational experience (teaching experience, experience participating in the Teacher Learning Community, curriculum training experience, and innovative experience working in school) of elementary school teachers affects the recognition and execution of curriculum and textbooks. For this purpose, the results of a questionnaire survey for elementary school teachers were analyzed by performing T-tests, One-Way ANOVA, correlation analysis, and regression analysis. The results were as follows. First, according to the teacher's educational experience, there were statistically significant differences in the recognition and execution of curriculum reorganization, and the recognition and dependence on textbooks. Second, there were statistically significant correlations among such variables as recognition and implementation of curriculum reorganization, and the recognition and dependence on textbooks. Third, the teacher's educational experience had a significant impact on curriculum reorganization and the dependence on textbooks. Curriculum restructuring in elementary schools is not an end in itself. What is also needed is to find and implement the best class plans for promoting the .meaningful growth and development of elementary school students. This study suggests that the dependence on textbooks should be lowered and the curriculum should be actively reorganized, and teachers should develop their expertise based on extensive educational experience.