• Title/Summary/Keyword: Market economy

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A Study of Characteristics of Business Cycle in the Jeju Region (제주지역 경기변동의 특성 연구)

  • Kang, Min-Seo;Kang, Gi-Choon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.1
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    • pp.420-426
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    • 2018
  • The purpose of this paper is to examine the business cycle in the Jeju region and what differences exist in relation to the nation as a whole, to calculate the relative importance between the random walk stochastic trend and cyclical factor, and to find out its causes and implications. Results of empirical analysis found that the characteristics of the business cycle in the Jeju region were as follows: First, the Jeju region, which is likely to have a growth component of the economy such as technological development and the accumulation of capital, was projected to have a possibility of high growth due to a greater proportion of the stochastic trend factor(46.8%) than the entire country(27.8%). Secondly, employment fluctuation in Jeju, which varies from 0.007 to 0.058 depending on the model, was lowest compared to the fluctuation of other indicators. The employment market in Jeju remained firm, showing that it is not smooth enough to create new jobs despite the production growth in industry. Third, the tourism industry was acting as a stabilizing factor, whereas the mining and manufacturing production was the opposite of tourism industry. This implies that the mining and manufacturing production was based on a weak foundation.

A Comparative Study on the Legislative System of IPRs Management of government R&D outputs in Korea and U.S.A (한.미 국가연구개발사업의 지식재산권 관리제도 비교)

  • Kim, Hae-Do
    • Journal of Korea Technology Innovation Society
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    • v.12 no.3
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    • pp.638-661
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    • 2009
  • With the advance to the knowledge-based economy, science and technology (S&T) has been recognized as key factor in a nation's competitiveness. To cope with this kind of new trend Korean government has tried to increase the R&D investment and to streamline acts and regulations concerning national R&D activities. Korea's total R&D expenditure for the year 2007 amounted to about 31.3 trillion won including government R&D of 8.9trillion won. With these efforts the capacity of Korea S&T has made great strides recently. Korea was ranked world's top 7 in R&D investment, top 12 in S&T paper publication and top 4 in patent application. Korean government enacted several pieces of legislation concerning S&T : the "Technology Transfer Promotion Act (1999)"; the "Framework Act on Science and Technology (2000)"; and the "Presidential Regulation for Managing the Government R&D Programs (2001)." In addition, the government has put a lot of effort into promoting the commercialization of technologies developed in public sector and improving the infrastructure of technology transfer and commercialization. However in spite of these various efforts, the technologies obtained from the public sector have not been transferred to the industry properly. Only 24.2% of technologies developed in the public for the year 2005 were transferred to industry. The royalty revenues of the public for the year 2005 was 1.5% of their total R&D expenditure. It shows only a third of the percentage of royalty revenues for the public sector in the U.S.A. and a second of Europe. There are many obstacles of public technology transfer such as immaturity of technology market, lack of licensing experience, and inadequacy of legal system and government policy. In this study I compared the Korean legislative system of patent management of government R&D outputs with the American system, derived problems from Korean system, and suggested proper alternatives.

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The Effect of Innovation-oriented Organizational Culture on Job Engagement and Job Stress: Focusing on Moderating Effect of Self-efficacy

  • BAEK, Yoon-Ju;LIM, Yun-A;LEE, Jae-Chang
    • The Journal of Industrial Distribution & Business
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    • v.11 no.6
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    • pp.29-39
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    • 2020
  • Purpose: The purpose of this study is, in the situation where rapid response to the rapidly changing environment is required due to the development of the fourth industrial revolution such as artificial intelligence, virtual reality, and the internet of things, robotics, big data, additive manufacturing, bio-health, sharing economy and in the organizational culture aspiring toward the innovation of a major company, small business and a public institution, to analyze what influence a job-engagement and stress make, and what influence individual's self-efficacy as a moderator mediator makes, and to offer basic data for improving job-engagement and lowering job-stress. Research design, data, and methodology: For doing this, the literature and the empirical studies were combined. Deriving innovation-oriented organizational culture as factors affecting the job engagement and job stress through the literature, and have established hypotheses to verify them. We have collected data of 281 from ex,ecutives and staff-members working in areas including major company, small business and officials (the central government, a local public service, the prosecution, the police, and school). And these data were analyzed by SPSS 23 version. Results: Based on these data, the results of analysis were as follows; First, the innovation-oriented organizational culture which was recognized by organizational members had effect on job-stress. Second, the innovation-oriented organizational culture which was recognized by organizational members influenced job-stress. Third, in the relationship between the innovation-oriented organizational culture and job-engagement, self-efficacy did not influenced job-engagement. Finally, in the relationship between the innovation-oriented organizational culture and job-stress, self-efficacy influenced job-stress. Conclusions: Innovation-oriented organizational culture places importance on the organization's adaptability and flexibility in the external environment, so companies need to establish an innovation-oriented organizational culture favorable to achieving survival and successful innovation, and to develop and disseminate programs of positive and continuous organizations to improve task enthusiasm, reduce task stress, and enhance organizational performance. In the future, it will be necessary to verify the effectiveness of various organizational culture types through comparative analysis with companies that actively maintain an innovation-oriented organizational culture (Google, Kakao, etc.) and companies that prefer hierarchy-oriented organizational culture, relationship-oriented organizational culture, and market-oriented organizational culture.

Improvement of Calculating Method of the Officially Assessed Individual House Price of Aged Apartment Remodeling Reflecting Feasibility Analysis (사업성분석을 반영한 공동주택 맞춤형 리모델링의 공시가격 산정방법 개선)

  • Bae, Byungyun;Kim, Kyungrai;Shin, Dongwoo;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.6
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    • pp.89-97
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    • 2017
  • The number of Aged Apartment units is expected to increase as time went on. Living standards are getting better and they want a new apartment space as the economy progresses. Therefore, it is necessary to prepare for the increasing remodeling market through the feasibility evaluation method that can be applied to the remodeling project of the apartment house. The purpose of this study is to analyze the social pricing factors affecting the Officially assessed individual House Price for the analysis model of commercial house remodeling. The collected samples were analyzed using multiple regression analysis of 350 prices included in 127 lots. Middle school level, high school level, total number of households, and floor area ratio were extracted. As a result of comparing the Officially assessed individual House Price by applying to the remodeling case, the difference between the existing Officially assessed individual House Price and the improvement Officially assessed individual House Price is different. The accessibility with the subway station is included in the land price, and there is no change in the number of stories and directions because it is customized remodeling. There was a difference in the disclosure price depending on the type of factor extraction by the evaluator in a batch application of the disclosure price factors. The research can be used as a model for future remodeling business feasibility analysis.

The Major Common Technology Field Analysis of Domestic Mobile Carriers based on Patent Information Data (특허 자료 정보 기반 국내 이동통신 사업자 주요 공통 기술 분야 분석)

  • Kim, Jang-Eun;Cho, Yu-Seup;Kim, Young-Rae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.5
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    • pp.723-737
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    • 2017
  • In order to decide the national technical standards policy for national policy/market economy activities, the people in charge commonly make policy decisions based on the current technology level/concentration/utilization by means of major common technology field analysis using patent data. One possible source of such patent data is the domestic mobile carriers through the Korea Intellectual Property Rights Information System (KIPRIS) of the Korean Intellectual Property Office (KIPO). Using this system, we collected 20,294 patents and 152 International Patent Classification (IPC) types and confirmed KTs (9,738 cases / 47.98%), which perform relatively high technology retention activities compared to other mobile carriers through the KIPRIS of KIPO. Based on these data, we performed three analyses (SNA, PCA, ARIMA) and extracted 30 IPC types from the SNA and 4 IPC types from the PCA. Based on the above analysis results, we confirmed that 4 IPC (H04W, H04B, G06Q, H04L) types are the major common technology field of the domestic mobile carriers. Finally, the number of 4 IPC (H04W, H04B, G06Q, H04L) forecast averages of the ARIMA forecast result is lower than the number of existing time series patent data averages.

A Study on Trends and Prospects of Forest Products Trade in Korea (한국임산물무역(韓國林産物貿易)의 동태(動態)와 전망(展望))

  • Choi, Min-Hyu
    • Journal of the Korean Wood Science and Technology
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    • v.14 no.2
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    • pp.43-49
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    • 1986
  • In the light of real situation of Korean timber resources, it is no wonder that Korean economy depends on a lot of imported timber, however, we only need to draw attention how have they kept the balance of payment in the field of forest products trade for the last few decades, until the second oil crisis in 1979. Afterwards, the gap between imports and exports of forest products in terms of value has been widened so far, on account of various reasons inside and outside. However, according to national economic policy to drive more active exportation, new policy and strategy to expend world market of forest products urgently expectable in order to shorten the gap between imports and exports of forest products in the future. On the other hand, the current timber importation policy should be reconsidered, not only to support optimum domestic timber price level so as to compensate timber producers' cost but also to make suitable economic environment to induce new investments in the field of private forestry sector.

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Price Rally of Rare Earth, Material for High-Tech Products (첨단산업 부품소재인 희토류의 가격파동에 대해서)

  • Choi, Pan-Kyu
    • Journal of the Korean Magnetics Society
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    • v.21 no.3
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    • pp.116-119
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    • 2011
  • A Chinese shipping boat collided with two Japanese coast guard boats in waters near the disputed Senkaku islands (known as Diaoyudao in China) in the East China Sea on September 7th last year. The boat was held and captain was arrested by Japanese Government. The incident soon turned into a big political and economic conflict between the two countries. Japan's intention was to show her tight control over Senkaku, whereas China's intention was to make it a disputed territory in the eyes of international politics. While the conflict was going on, a top-rank bilateral talk between the two countries was suspended, boycott of Japanese goods was suggested, numerous rallies were held in both countries. This situation lasted for several months until China used an extreme card of "Cutting Supply of Rare Earth to Japan". Under this pressure, Japan instantly released the captain and closed the case. Over this incident, public noticed the importance of rare earth and its impact on the global economy. Since then, the policy of Chinese Government for the rare earth has created more confusion and turmoil in the global market. The purpose of this article is to overview the price rally and future of the rare earth.

A Study on the Adoption of Farming Technology in Controlled Strawberry Cultivation -with Reference to Nonsan County in Chungnam Province- (딸기재배농가(栽培農家)의 기술수용(技術受容)에 관한 연구(硏究) -충남(忠南) 논산지방(論山地方)을 중심(中心)으로-)

  • Kwon, Yong Dae;Oh, Sea Chul
    • Korean Journal of Agricultural Science
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    • v.20 no.2
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    • pp.221-236
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    • 1993
  • Economic conditions of Korean agriculture have been aggravated since farmers experienced the shortage of labor, instability of farm product price, lack of capital and pressure of opening domestic market. Nevertheless, agriculture must be maintained because structure of national economy can not be progressed without balanced growth of food industry. So the problem that we must solve is to keep agriculture competitive. In that case technology is important in terms of improving productivity, overcoming labor shortage and stabilizing price. This paper is to study the technology adoption on the farm level, focusing on the theories of technology adoption, their empirical test and effect of technology adoption on the farm household income. In this study five theories-independent model, linear model, middle class conservation model, modified middle class conservation model, basic needs and wealfare model- were introduced concerning differentiated technology adoption rate by farmers' class. Based on the survey of controlled strawberry farming in Nonsan County, Chungnam Province, who adopted six kinds of technology, modified middle class conservation model was found to explain five kinds of technology adoption pattern and linear model was useful to explain one kind of technology, that is, irrigation method, These results may mean that controlled strawbary cultivators of middle class were reluctant to accept new technology. There are many variables to effect on the technology accepting rate, that is, farmer's age, labor capacity, education level, cultivation career, size of total cultivated land, and size of strawberry farming land. LOGIT model was used to find which variable influence the technology adoption rate. Results of estimation showed that variables of cultivation career and total land size, of which coefficients were statistically significant at the 5 percent level, might be main influential factors in accepting more than three farming techniques. There was a significant income difference between farm households accepting new methods and those rejecting them. Especially in case of low class of farming group, income of farmers who was adopting new technology was examined to be much higher than that of farmers who did not adopt. This result suggests that new technology play an important role in increasing farm household income. Finally this study emphasized that there is a need to develop proper measure of technology transfer considering various socioeconomic conditions of farm households.

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Community Business and Regional Development: A Case Study of Sungmisan Village in Mapo-Gu, Seoul (커뮤니티 비즈니스와 지역발전 -서울특별시 마포구 성미산 마을을 사례로-)

  • Lee, Hongtaek;Jung, Sung-Hoon
    • Journal of the Economic Geographical Society of Korea
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    • v.15 no.4
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    • pp.708-720
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    • 2012
  • The main aim of paper is to analyse relationships of objects, methods and main agents for the sustainable growth of community business (CB). Since the 1990s, Korea central-local governments have carried out a variety of policies to revitalize the rural economy, but many policies did not work effectively. The main reason for this is that those policies were simply focused on construct the hardware-based infrastructure without considerations of community capabilities. Recently, to overcome these problems, various kinds of community business policies are carried out across the country. Therefore, to avoid previous problems, the concrete and thorough analysis on the current CB has to be required. To do this analysis, four case studies on Sungmisan Village (in Mapo-Gu, Seoul) were taken and analysed in this paper. Results for this are as follows; Firstly, for the sustained growth of CB, it has to be required that the needs and demands of communities and residents are reflected. In the case of Sungmisan CB, residents were relatively satisfied with their community products, even though tastes and prices of those products were not very attractive. The reason for this is that those products were created by needs of local people. In this process, a market within the village was created and the basis of the management was established. Secondly, in order to secure a stable profit's structure that is necessary at the early stage of business settlement, creating related networks with Sungmisan CB is necessary. The CB established a stable profit structure by using mutual commodities. In particular, they linked closely and mutually so that visitors can buy their commodities. Lastly, for the sustainable management of the CB a common target local people should be set up. Furthermore, a system for income distribution has to be needed for protecting and solving potential conflicts.

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Co-Ethnic Relationships and Tendencies of Korean Entrepreneurs in Japan: A Case Study of Ikuno Area, Osaka (재일한인 중소규모 자영업자의 직업과 민족 간의 유대관계-오사카 이쿠노구를 사례로-)

  • Jo, Hyun-Mi
    • Journal of the Korean Geographical Society
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    • v.42 no.4
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    • pp.601-615
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    • 2007
  • Many Korean migrants in Japan have established small businesses using their ethnic networks as they were discriminated and excluded from Japanese society and labour market. The aim of this study is to explore the changes in characteristics of Korean migrants' businesses by generation, focusing on the role of co-ethnic relationships including ethnic networks and resources on their businesses. This study analyzed Korean migrants' dependence of the ethnic resources to understand the relationship between the ethnic. When Koreans first moved to Japan, laborers amounted the most, but the number of the professionals and the small business owners has increased gradually. This change was influenced by the change of generation and the improvement of education, as well as recognition of Japanese society and the change of policies toward Korean migrants in Japan. In early times when the number of small business owners started to increase, many cases such as a business, an employment, the use of Korean banks used to depend on ethnic resources. Also there were many businesses of which main customers were Koreans. However, the dependence of the ethnic resources has become diverse as the structure of the occupation has changed. The maintenance or exclusion of co-ethnic relationship depends on the structure of society and economy, and its result affect the relationship between Korean migrants in Japan and Japanese.