• Progress in Superconductivity and Cryogenics
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• v.7 no.2
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• pp.44-46
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• 2005

A SMES can be a perfect alternative energy storage device to the chemical batteries which are needed by most of the renewable energy supply systems. The chemical battery storage system is so expensive to maintain and causes another environmental problem because they are not recyclable. But, SMES has semi-permanent lifetime and no environmental problems cause it only need coolants which is non flammable, clean and recyclable gas. In order to verify the feasibility of a SMES for the renewable electrical power supply system, electrical characteristics of a test SMES coil with the photovoltaic power system were analyzed in this paper. Simulation results show that we can charge 40 amps of current in test SMES coil using solar power system. The experimental verification will be performed just after development of the peak power tracking system for the solar system.

• Journal of Information Technology Services
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• v.19 no.5
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• pp.49-64
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• 2020

Overseas expansion by small and medium-sized enterprises of the Korean software industry has been sluggish, with many SMEs lacking the necessary capabilities required for successful entry into the overseas markets. This study aims to identify the capabilities SMEs require to advance into overseas markets and develop a diagnosis model for evaluating overseas entry capability appropriate to the characteristics of SMEs. A basic research was first performed to gain a comprehensive understanding of the characteristics of the software industry, software exports, and SMEs. Based on this research, the study aimed to develop a model for diagnosing overseas entry capability of SMEs by dividing the required overseas entry capability into globalization capability in product area and internal competence from a resource-based perspective. In addition, This study aims to contribute to the success of SMEs in overseas markets by presenting a diagnosis model that evaluates the capabilities required to advance into overseas markets.

• Progress in Superconductivity and Cryogenics
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• v.7 no.4
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• pp.24-27
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• 2005

Development of a 600 kJ class Superconducting Magnetic Energy Storage (SMES) system is being in progress by Korea Electrotechnology Research Institute(KERI). High temperature superconducting (HTS) wires are going to be used for the windings for the SMES system is presented in this paper. We considered BSCCO-2223 wire for the HTS windings and the operating temperature of the winding was decided to be 20 K which will be accomplished by conduction cooling method using cyro-coolers. Auto-Tuning Niching Genetic Algorithm was adopted for an optimization method of the HTS magnets in the SMES system. The objective function of the optimal process was minimizing total amount of the HTS wire. As a result, we obtained output parameters for optimization design of 600 kJ class SMES under several constrained conditions. These HTS windings are going to be applied to the SMES system whose purpose is stabilization of the power grid.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.397-408
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• 2020

SMEs as an organization to succeed and to be sustainable must have the most essential and strategic capital, namely creativity, competitive advantage, and intellectual capital. This study aims to explore how creativity and intellectual capital determines SMEs' sustainability as well as examine the emerging role of competitive advantage in supporting this relationship. A quantitative method was applied to gain a better understanding of the relationship between variables undergoing Structural Equation Modeling with Partial Least Square (SEM-PLS). This study collected data from 123 SMEs in East Java of Indonesia using an online survey. The approach adopted in this study is a convenience random sampling method, which is widely used in entrepreneurship and SMEs' sustainability research. The findings showed that intellectual capital positively affects both competitive advantage and SMEs' sustainability. Additionally, the result of this study confirms a robust relationship between intellectual capital and SMEs' sustainability. However, partially, creativity failed in explaining SMEs' sustainability. Furthermore, this study confirmed that competitive advantage has successfully mediated both the influence of creativity and intellectual capital to SMEs' sustainability. Although this research only involved participants in East Java, this study can be the first step for relevant research of SMEs' sustainability, in particular, in Indonesia.

• The Transactions of the Korean Institute of Electrical Engineers B
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• v.52 no.11
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• pp.572-576
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• 2003

For quite a long time various researches and developments of superconducting magnetic energy storage(SMES) device have been done for enhancement of power qualify control of sensitive electric load. This paper describes the design. fabrication and experimental results for the 3MJ SMES magnet made by using the design code of a SMES device that we developed. A computer code was developed to find the parameters of the SMES magnet which has minimum amount of superconductor for the same stored energy, and the 3MJ SMES magnet was designed based upon that. And the 3MJ SMES magnet designed based upon those. In addition, 3MJ SMES magnet was made based on several research results which were ramp up to 1㎄ without quench.

• Journal of Fisheries and Marine Sciences Education
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• v.28 no.5
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• pp.1244-1257
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• 2016

Recently, the export for SMEs is the main issue as the successful key for enterprises. For this reason, Many SMEs want to try the export and the supports are provided by government. This phenomenon reflects that the export should be necessary to SMEs, even other enterprises. This study analyzes 6 enterprises (Enterprise of middle standing: 2, SMEs:4) to research the main factors for export using the interview and survey. The result provides 5 implications for the export of SMEs in Busan Region. In summary, we can provide 3 main proposes for the export of SMEs. 1) The differentiation of various support that can be a real help to SMEs, 2) The differentiation of education on exports. 3) The simplification for the complex administrative procedures about export.

• Journal of Korea Technology Innovation Society
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• v.13 no.1
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• pp.160-183
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• 2010

Recently, although many firms conduct open innovation through collaboration with other innovation actors, little attention has been paid to research and case study with regard to SMEs. However, since the capability of SMEs is too insufficient to access external resources and collaborate with other firms, SMEs have practical needs for active open innovation. In addition, although a lot of SMEs depend on external resources in terms of distribution, services and sales, most of open innovation-related research concentrate on R&D and production. Therefore, this research aims at presenting various types, methods and policy to stimulate the open innovation of SMEs. Typical types of open innovation which SMEs can take will be identified and then a relevant open innovation type will be matched on the basis of the characteristics of sectors. The results of this research will be helpful for policy makers to promote open innovation in SMEs.

• Knowledge Management Research
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• v.16 no.2
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• pp.113-137
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• 2015

Many scholars have addressed the technological convergence of small-medium sized firms in Korea and their impact on the economic growth of nation. Nevertheless, most studies have been investigated the relationship between entrepreneurship and venture creation, and a few studies have analyzed the innovation and technological convergence of SMEs. The purpose of this research is to gain industrial insight into the technological convergence and to suggest a dynamic growth policy for entrepreneurs of SMEs to improve their convergence performance based on IT and BT. Therefore, we intend to propose solutions to these key questions in convergence such as; what are the key patterns in the process of technological convergence of SMEs on IT and BT, and what kinds of strategy do their need? In order to answer these research questions, we adopt network analysis using patent citation information. Results of network analysis revealed that building ecosystem based on government and universities is one of the most important factors for the future growth of SMEs in Korea. Also, the fit between technological convergence direction of SMEs and division of convergence structure of government and universities will be positively associated with dynamic growth of SMEs in Korea. In conclusion, this research extends the current studies on important aspects of SMEs in the technological convergence process by proposing their growth in convergence process to a newly converging context, IT and BT, and shed light on the integrative perspectives of crucial roles of SMEs on innovation performance in the IT and BT technological convergence.

• Journal of the Korean Operations Research and Management Science Society
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• v.34 no.2
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• pp.1-13
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• 2009

In this paper, we develop theoretical game models to determine the level of government subsidies for banks to provide policy loans to Innovative SMEs(small and medium sized enterprises) through banks, which otherwise would not finance them for the sake of their own profitability. For this, we compare net cash flows of each bank using different strategies against high risk innovative SMEs. A bank can decide whether to provide them loans or not In each period. Following Kim(2003)'s Infinite horizon model on the soft budget constraint, we introduce a situation in which banks compete against each other for higher net long-term payoffs from their loans to innovative SMEs and non-innovative SMEs. From the models, we show that competition among banks in general leads to a tighter decision against innovative SMEs, as a Nash equilibrium. It is not because the government bank is simply loose in providing loans, but because competition among commercial banks for fewer riskier borrowers results in tighter loan decisions against innovative SMEs. Thus, the competitive market for policy loans to innovative SMEs fails to reach the socially optimal level of loans for innovative SMMs. Commercial banks in the competitive market may require additional supports from the government to make up for the differences in their payoffs to support innovative SMEs, possibly much riskier due to moral hazards and poor discounted cash flows. The monopolistic government bank might also request such supports from the government to fund otherwise unqualified SMEs. We calculate an optimal level of governmental support for banks to guarantee funding such high-risk innovative SMEs over periods without deviating from their optimal Nash equilibrium policies.

• Journal of Korea Trade
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• v.25 no.7
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• pp.1-18
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• 2021

Purpose - In this study, we explore the relationship between the degree of internationalization (DOI) and firm performance (DOI-P) of small and medium-sized enterprises (SMEs) in the manufacturing sector. Specifically, we investigate whether the costs and benefits dynamics concerning the internationalization of SMEs differ between high-tech and non-high-tech industries. Design/methodology - We extend the prior literature on this relationship by employing 5-year data on 589 Korean SMEs in the manufacturing sector and examining the moderating impact of the industry characteristics. Our findings reveal a U-shaped relationship between the DOI and SME performance. High-tech SMEs demonstrate an inverted U-shaped relationship, whereas non-hightech SMEs exhibit a U-shaped relationship. Findings - Our findings illustrate the importance of the industry factor in testing the performance impact of the internationalization of Korean SMEs. By incorporating industry dynamics, our results indicate that the DOI-P relationship depends on the context of the industry in which an SME operates. High-tech SMEs also display a higher DOI but are outperformed by non-high-tech SMEs for the entire internationalization path, which implies that high-tech SMEs face more challenges than non-high-tech SMEs while seeking internationalization. Originality/value - The findings strongly validate that significant benefits exist for SMEs undertaking internationalization. We also employ the contextual framework contributing to increasing the understanding of the intrinsic value of internationalization and resolving the mixed results issue on the DOI-P relationship, by illustrating that the industry factor leads to different dynamics of costs and benefits of SME internationalization; it also determines the shape and direction of the relationship.