• Title/Summary/Keyword: Park Governance

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CORRECT? CORECT!: Classification of ESG Ratings with Earnings Call Transcript

  • Haein Lee;Hae Sun Jung;Heungju Park;Jang Hyun Kim
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.18 no.4
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    • pp.1090-1100
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    • 2024
  • While the incorporating ESG indicator is recognized as crucial for sustainability and increased firm value, inconsistent disclosure of ESG data and vague assessment standards have been key challenges. To address these issues, this study proposes an ambiguous text-based automated ESG rating strategy. Earnings Call Transcript data were classified as E, S, or G using the Refinitiv-Sustainable Leadership Monitor's over 450 metrics. The study employed advanced natural language processing techniques such as BERT, RoBERTa, ALBERT, FinBERT, and ELECTRA models to precisely classify ESG documents. In addition, the authors computed the average predicted probabilities for each label, providing a means to identify the relative significance of different ESG factors. The results of experiments demonstrated the capability of the proposed methodology in enhancing ESG assessment criteria established by various rating agencies and highlighted that companies primarily focus on governance factors. In other words, companies were making efforts to strengthen their governance framework. In conclusion, this framework enables sustainable and responsible business by providing insight into the ESG information contained in Earnings Call Transcript data.

The government role in digital era innovation: the case of electronic authentication policy in Korea (디지털 혁신시대의 정부역할: 한국의 전자 인증정책 사례)

  • Son, Wonbae;Park, Mun-su
    • International Commerce and Information Review
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    • v.19 no.4
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    • pp.29-50
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    • 2017
  • In emerging technologies, innovation processes are dynamic in that the government needs to regularly review its policies to resonate with rapid technological advancements, changing public needs, and evolving global trends. In the 1990s, the Internet grew at an explosive rate, but many applications were constrained due to security concerns. Public Key Infrastructure (PKI) seemed to be the fundamental technology to address these concerns by providing security functions. As of 2017, PKI is still one of the best technologies for electronic authentication in an open network, but it is used only in limited areas: for user authentications in closed networks and for server authentications within network security infrastructure like SSL/TLS. The difference between expectation and reality of PKI usage is due to the evolution of the Internet along with the global adoption of new authentication policies under the Internet governance in the early 2000s. The new Internet governance based on the cooperation between multi-stakeholders is changing the way in which a government should act with regard to its technological policies. This paper analyzes different PKI policy approaches in the United States and Korea from the perspective of path-dependence theory. Their different policy results show evidence of the rise of the Internet governance, and may have important implications for policy-makers in the current global Internet society.

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STP Development in the Context of Smart City

  • Brochler, Raimund;Seifert, Mathias
    • World Technopolis Review
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    • v.8 no.2
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    • pp.74-81
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    • 2019
  • Cities will soon host two third of the population worldwide, and already today 80% of the world energy is used in the 20 largest cities. Urban areas create 80% of the greenhouse gas emission, so we should take care that urban areas are smart and sustainable as implementations have especially here the greatest impact. Smart Cities (SC) or Smart Sustainable Cities (SSC) are the actual concepts that describe methodologies how cities can handle the high density of citizens, efficiency of energy use, better quality of life indicators, high attractiveness for foreign investments, high attractiveness for people from abroad and many other critical improvements in a shifting environment. But if we talk about Entrepreneurship Ecosystem and Innovation, we do not see a lot of literature covering this topic within those SC/SSC concepts. It seems that 'Smart' implies that all is embedded, or isn't it properly covered as brick stone of SC/SSC concepts, as they are handled in another 'responsibility silo', meaning that the policy implementation of a Science and Technology Park (STP) is handled in another governing body than SC/SSC developments. If this is true, we will obviously miss a lot of synergy effects and economies of scale effects. Effects that we could have in case we stop the siloed approaches of STPs by following a more holistic concept of a Smart Sustainable City, covering also a continuous flow of innovation into the city, without necessarily always depend on large corporate SSC solutions. We try to argue that every SSC should integrate SP/STP concepts or better their features and services into their methodology. The very limited interconnectivity between these concepts within the governance models limits opportunities and performance in both systems. Redesigning the architecture of the governance models and accepting that we have to design a system-of-systems would support the possible technology flow for smart city technologies, it could support testbed functionalities and the public-private partnership approach with embedded business models. The challenge is of course in complex governance and integration, as we often face siloed approaches. But real SSC are smart as they are connecting all those unconnected siloes of stakeholders and technologies that are not yet interoperable. We should not necessarily follow anymore old greenfield approaches neither in SSCs nor in SP and STP concepts from the '80s that don't fit anymore, being replaced by holistic sustainability concepts that we have to implement in any new or revised SSC concepts. There are new demands for each SP/STP being in or close to an SC/SCC as they have a continuous demand for feeding the technology base and the application layer and should also act as testbeds. In our understanding, a big part of STP inputs and outputs are still needed, but in a revised and extended format. We know that most of the SC/STP studies claim the impact is still far from understood and often debated, therefore we must transform the concepts where SC/STPs are not own 'cities', but where they act as technology source and testbed for industry and new SSC business models, being part of the SC/STP concept and governance from the beginning.

Importance Analysis of ESG Management Diagnosis Items for Small and Medium-sized Logistics Companies (중소·중견 물류기업 ESG 경영 이행 진단항목 중요도 분석)

  • Wonbae Park;Maowei Chen;Jayeon Lee;Kyongjun Yun
    • Journal of Korea Port Economic Association
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    • v.40 no.2
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    • pp.53-64
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    • 2024
  • ESG management has garnered significant recognition as a crucial concern across all global industries. Within the logistics sector, there is a growing awareness of the importance of ESG management. However, active engagement in ESG practices remains predominantly confined to large corporations, leaving small and medium-sized logistics companies lagging in their comprehension and implementation of ESG principles. Previous studies have consistently underscored the necessity of establishing ESG management guidelines. Furthermore, there has been a call to determine the relative weights assigned to various ESG implementation evaluation criteria, taking into account the distinctive attributes of each category of logistics company. This study endeavors to ascertain the weightings of ESG implementation evaluation items for different types of logistics companies by employing the Analytic Hierarchy Process (AHP) methodology. The framework of evaluation is based on the evaluation items outlined in prior research, particularly focusing on ESG management guidelines tailored for small and medium-sized logistics companies. The findings of the analysis reveal distinct prioritizations across different sectors within the logistics industry. For maritime logistics companies, the environment emerges as the foremost concern, followed by society, information disclosure, and governance. Conversely, land transportation companies prioritize society, followed by governance, environment, and information disclosure. In the warehousing sector, environment takes precedence, followed by society, information disclosure, and governance. Comprehensive logistics firms, on the other hand, prioritize the environment, followed by information disclosure, society, and governance. Such guidelines are pertinent for regulatory bodies and industry stakeholders seeking to assess ESG practices within these enterprises. Moreover, this research contributes to the body of knowledge available to domestic small and medium-sized logistics companies, aiding them in effectively navigating and implementing ESG management principles.

Technological Breakthrough and Intra-firm Organization: The Case of Japan

  • Park, Se-Il
    • Journal of Labour Economics
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    • v.21 no.1
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    • pp.115-145
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    • 1998
  • This paper analyzes the intra-organizational characteristics of the Japanese firm, Kaisha. We want to know how they have been related to the successful story of the Japanese economy, especially to their capability to make a rapid technological breakthrough during the past half century. Intra-firm characteristics will be dealt with from four different but mutually interrelated aspects, which include production organization at the workshop level, incentive system, labor-management relations, and corporate governance. Each will be discussed in turn.

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A Study on ICS Governance (ICS 거버너스에 대한 연구)

  • Kim, KyungTae;Park, Yanghun;Choi, Suno
    • Proceedings of the Korea Information Processing Society Conference
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    • 2019.10a
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    • pp.418-419
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    • 2019
  • 산업 제어 시스템(ICS, Industrial Control System)은 전력 생산, 물 관리, 석유 및 가스 생산, 원자력 발전 같은 국가 주요 인프라에 수많은 장비들이 제어시스템을 통해 관리 및 운영되고 있다.ICS 거버너스는 이러한 산업 현장에 적용되는 규제 및 정책으로써 사건사고 예방 및 사고 발생시 효과적인 대처방안에 대해서 설명한다.

A Study on Alternative Strategies for Archival Professional Training System (기록관리 전문직 양성제도 혁신 방안 연구)

  • Kim, Youseung;Park, Zi-young;Park, Tae-yeon;Son, Seunghee;Youn, Eunha;Lee, Minyoung;Jun, Bobae;Hyun, Moonsoo
    • Journal of Korean Society of Archives and Records Management
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    • v.21 no.1
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    • pp.19-40
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    • 2021
  • This study aims to explore alternative strategies for the archival professional training system in response to changing records management environments. It found implications in the training and qualification system for overseas archival professionals and compared and analyzed the qualification system for Korean archival professionals. In addition, by analyzing the archival graduate schools' general status and the instructors' research performance, the study confirmed that many instructors have low academic interest in archival studies and the gap between schools was significant. Based on this, interviews with professors and experts were conducted to gather opinions on improving the archival professional training system. In conclusion, the study presents prerequisite tasks of organizing an archival community governance system and securing self-regulatory power. Moreover, it proposes innovative measures for the archival professional training system with three major tasks: creating graduate education guidelines, establishing a continuing and deepening education system, and transforming educational institutions.

IoT Industry & Security Technology Trends

  • Park, Se-Hwan;Park, Jong-Kyu
    • International journal of advanced smart convergence
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    • v.5 no.3
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    • pp.27-31
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    • 2016
  • High-tech industries in a state well enough to troubleshoot hacking information introduction a big barrier to delay the growth of the market related to IoT(Internet of Things) as is likely to be on the rise. This early on, security issues introduced in the solution, a comprehensive solution, including the institutional laws/precautions needed. Recent examples of frequent security threats while IoT is the biggest issue of introducing state-of-the-art industry information due to the vulnerable security hacking. This high-tech industries in order to bridge the information responsible for the target attribute, target range, and the protection of security and how to protect the subject, IoT environment (domestic industrial environment) considering the approach is needed. IoTs with health care and a wide variety of services, such as wearable devices emerge. This ensures that RFID/USN-based P2P/P2M/M2M connection is the implementation of the community. In this study, the issue on the high-tech industrial information and the vulnerable security issues of IoT are described.

A Case Study on Implementation Method of Non-Uniform Structures for Seoul Botanic Park (서울식물원(마곡중앙공원)의 비정형구조물 시공구현방안 검토사례 연구)

  • Song, Hwa-Jun;Park, Kyoung-Yeun;Nam, Jeong-Soo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2020.11a
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    • pp.8-9
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    • 2020
  • While non-uniform shapes are appearing as an apparent building style recently, most architects predominantly think structure and construction technology should support the designed shape of non-uniform structures determined by the architect. Within such a governance structure of architect's perception, the role of an engineer is emphasized for technical support only. Especially, in making a decision on a structural design and plan, if various and objective reviews are not conducted, the design is very likely to be left only as a drawing even if the design is appropriate for criteria and norms. With the recognition of such problems, the present study attempted to propose an equal cooperative relationship between architects and engineers in designing non-uniform structures in the future.

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A Study on the convenience store brands' ESG activities impact store loyalty: Focusing on the Moderating Effect of Eco-friendly Values, Social media Activity, Consumer-Company Identification (편의점의 ESG활동이 점포충성도에 미치는 영향: 친환경가치관, 소셜미디어활동성, 소비자-기업동일시의 조절효과)

  • Jeong-Ho Chun;Hyeon-Suk Park
    • Industry Promotion Research
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    • v.9 no.3
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    • pp.57-75
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    • 2024
  • This study examined how ESG activities of convenience stores, affect consumers' store loyalty. Using 300 valid samples of convenience store users collected through an online specialized agency (Company M), this study empirically analyzed the effects of environmental (E), social (S), and governance (G) activities among ESG on trust and store loyalty, and the mediating effects of trust and the moderating effects of eco-friendly values, social media activity, and consumer-company identification. The results of the analysis showed that, first, governance activities had a positive effect on trust, and environmental activities and trust had a positive effect on store loyalty, but social activities had no effect Second, trust had a moderating effect only on the relationship between governance activities and store loyalty, and third, in the relationship between ESG activities and trust, eco-friendly values and social media activity had moderating effects on environmental, social, and governance activities, and consumer-company identification had moderating effects on environmental and governance activities, but not on social activities. Therefore, convenience store brands should further strengthen their environmental and social activities to build consumer trust, especially environmental activities, which only directly affect store loyalty, so they should be more cautious and proactive. In addition, intensive marketing activities are needed to build trust among consumers who have high eco-friendly values, social media activity, and consumer-company identification. Therefore, this study confirms the critical view of consumers despite the social contribution activities of convenience store brands, and suggests that in order to improve them, it is necessary to strengthen social activity efforts, actively participate in ESG activities of on-site franchisees who are customer contact points, and educate employees.