• Journal of Korea Society of Industrial Information Systems
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• v.13 no.1
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• pp.76-86
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• 2008

This paper estimates the TFP in IT manufacturing (total factor productivity) by employment size of establishment and analyses the determinants of it. And the panel data is consisted of time series and cross section data of 4 employment size of establishment over $1990{\sim}2004$. During the period from 1991 to 1997 TFP increased positively irrespective of the employment size of establishment, but from 1998 to 2004 TFP increase rate turned negative except large size(more than 300) of establishment. TFP assume macro variables and policy variables as the determinants of IT manufacturing TFP. The analysis of whole size of establishment shows that sales growth rate is significantly positive, which makes us conclude that there is a teaming by doing effect and economy of scale. But some variables(i.e. IT capital stock, policy financing, and openness etc.) are significant in only a few models. So there may be different effect by employment size of establishment. In TFP determinants analysis by employment size of establishment, we find that coefficients of policy financing and openness variables are significantly positive. The larger employment size of establishment is, the larger scale economy is. And for large size(more than 300) establishment, IT capital stock helps propel the increase of the productivity.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.55 no.3
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• pp.198-205
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• 2019

The small yellow croaker (Larimichthys polyactis) is one of the representative high-class fish species in Korea. The catch of small yellow croaker in adjacent water fisheries has been continuously decreasing from 59,226 tons in 2011 to 19,271 tons in 2016. The small yellow croaker is caught by gillnet, stow net and bottom trawl, among which about 55~65% is caught by gillnet. For the sustainable use of small yellow croaker, the fishing power of small yellow croaker drift gillnet is very important. Therefore, the change of fishing power index were analyzed to identify the development of the vessel and gear technology that may have improved the fishing efficiency of the small yellow croaker drift gillnet fishery from 1960s to 2010s. Gross tonnage and horse power per fishing vessel was increased annually. The mesh size was 75.0 mm in the 1960s, but reduced to 60.6 mm in the 1980s and to 51.0 mm in the 2000s. In the 1960s, it was hauled out by manpower. However, the net hauler were modernized and supply rate was also increased since 1970. Due to the mechanization of the net hauler, the number (length) of used net gradually increased from 1.5 km in the 1960s to 7.5 km in the mid-1980s and to 15 km in 2010. Colour fish finders and positioning system were introduced and utilized from the mid-1980s. Surveys on the supply and upgrading of fishing equipment utilized visiting research. Therefore, the relative fishing power index in the small yellow croaker drift gillnet fishery increased from 1.0 in 1980 to 0.8 in 1970, to 1.1 in 1990, to 1.6 in 2000 and to 1.9 in 2010. The results are expected to contribute to reasonable fisheries stock management of the small yellow croaker drift gillnet fishery.

• Information Systems Review
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• v.25 no.4
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• pp.183-204
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• 2023

Due to the COVID-19 pandemic, lots of occasions need to be held in online environment. This is the reason why "Metaverse" gets lots of attention in 2021. A number of companies made announcements on Metaverse, and this situation also boomed stock market. This paper investigates the relationship between Metaverse initiatives and business value of the firm (i.e., stock prices). We examine this relationship by using event study method with Lexis-Nexis News data from 2019 to 2021. The results indicate that Metaverse initiatives significantly impact positive influence on firm's value. In the technological perspective, technical factors affect more positive market returns, including Metaverse enablers (e.g., NFT, VR devices, digital twin) and common infrastructure (e.g., semiconductor, AI, cloud), and especially virtual environment was emphasized. Additionally, in the strategical perspective, radical innovation (e.g., pivoting, acquisition) impact more positive market return rather than incremental innovation (e.g., partnership, investment). Also, firms from non-service industries can achieve benefits from Metaverse initiatives rather than service industry in some degree.

• Journal of Korean Society of Transportation
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• v.22 no.6
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• pp.159-173
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• 2004

Using a generalized translog multiproduct cost function model, this paper examines economies of scale and scope in the vertically-integrated Korean railway industry. The paper then conceptualizes that the Korea National Railroad (KNR) produces four outputs (passenger-kilometers, ton-kilometers of freight, average length of passenger trips, and average length of freight haul) using three input factors(labor, fuel and maintenance, and rolling stock and capital). Using time series data collected from the KNR's annual records for the years from 1977 to 2002, the simultaneous equation system consisting of a cost function and two input share equatins is estimated with the Zellner's iterative seemingly unrelated regression. The findings show that the cost function corresponding to a non-Cobb-Douglas, non-homothetic, and non-homogeneous production technology adequately represents the KNR's cost structure. On the other hand, the Korean railway industry experiences sizeable overall scale economies, which result from substantial product-specific scale economies associated with passenger-kilometers and freight ton-kilometers and from scope economies associated with their joint production. In addition, the magnitude of economies of scope is influenced largely by the ratio of passenger trips, and has increased over time as the former has increased while the latter has decreased.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.6
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• pp.379-389
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• 2019

The study empirically investigates financial factors that may influence on corporate R&D intensity during the post-era of the global financial turmoil (from 2010 to 2015) to mitigate possible spillover effect associated with the crisis. Concerning the empirical research settings of the study, chaebol firms listed in the KOSPI stock market are used as sample data with adopting various econometric estimation methods to enhance validity of the results. In the first hypothesis test, it is found that there exist inter-industry financial differences in terms of the ratio of R&D expenditure across all the sample years, but the statistical differences may arise from only a few domestic industries beloning to the high-growth sector. Moreover, it is also interesting to identify that, for the high-tech sector, 3 explanatory variables such as R&D intensity in a prior year, firm size and change in cash holdings are proved to be financial factors to discriminate between chaebol firms and their counterparts of non-chaebol firms, whereas a proportion of tangible assets over total assets as well as the former two variables are shown to be significant factors on the R&D intensity for the low-tech sector.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.4 no.5
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• pp.15-26
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• 1981

While one characteristic of modern enterprises is that their forms are mostly stock company type profit organization the other characteristic is that such modern enterprises have mostly been managing under separation between capital and management. The term "Separation of ownership and Management" means that a company is controlled and managed not by its financier or investor but by the professional manager equipped with scientific management skill and knowledge. Nowadays, separation between capital and management could be adopted by advent of professional managers, and the enterprises are managed not exclusively by the interested group of stockholders but by the professional managers Professional managers can manage their enterprises in such a way as to guarantee to achieve sociality and public interests required in the modern enterprises. The purpose of this study is to formalize management ideology of enterprises in Daegu Area by means of comparative study on the degree of separation of ownership and management among enterprises in the United States, Japan and Daegu Area, thus to advise enterprising men of management idea-logy formalized. Findings from the comparative study are as follows 1. There are differences in staffing and financing between enterprises of the United States and those of Japan and Daegu Area. 2. Degree of Separation of ownership and management in Japan and Daegu Area is much less than that of the United States, and 3. The degree of separation of ownership and management is higher in open enterprises in Daegu Area. Accordingly. enterprises in Daegu Area should adopt up-to-data management theory and techniques in order to be developed themselves, and furthermore, to contribute to both the nation and the local community in economic development. In modern industrial society, the scale enterprise organization is growing very rapidly and the managerial circumstances are very much complicate and variable , thus the demand for the competent managers equipped with management knowledge and ability are high. The necessity of systematic and efficient managerial training is social demand needed urgently in modern industrial society. Therefore, it is necessary for the enterprising men in Daegu Area to establish cooperation system between university and industry in which they can participate voluntarily.luntarily.

• Korean journal of communication and information
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• v.19
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• pp.239-264
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• 2002

The networking between the press and elites, and its impact on journalistic activities in fact have been major subjects of scholarly scrutiny particularly among students of elite theory and class theory. This is an empirical analysis of how the press establishes networks with several powers in local community. This study basically examines a set of independent variables, such as the nature of capital and history of local newspapers and explores how the management and elites in the press utilize several social resources and establish networks. Major findings of this study are as follows: To begin with, the networking between local newspapers and elites showes significant differences according to the nature of capital and history of the newspaper. In other words, while the newspapers operated by stock capital revealed high degree of networking with political and financial elites, the newspapers operated by family capital did not demonstrate significant level of networking with particular elites. The shorter the history of newspaper is, the more she tends to be dependent on resources, and feel it imperative to establish strong networks with elites.

• The Journal of Fisheries Business Administration
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• v.42 no.3
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• pp.41-61
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• 2011

Marine protected Areas(MPAs) are specially designated zones of the sea that are designed to secure operation of ecosystem function and to restore marine ecosystem to the original state by excluding all detrimental human activities. MPAs have been proposed in many countries as means of realizing sustainable fisheries and recently MPAs are newly receiving attention as precautionary measure for global warming and climate change. The purpose of this paper is to examine the possibility of MPAs as fisheries management tools through a wide range of literature analysis and to suggest necessity of fisheries purpose of MPAs in Korea. Establishment of marine protected area can accompany various economic benefits such as restoration of marine environment, preservation of habitats, promotion of marine tourism and so on. Especially, a lot of case studies suggested that MPAs may bring out benefits to the fishing industry as a result of enhanced stocks. Fisheries benefits of MPAs on targeted species include increased abundance, increased mean individual size and age, increased reproductive output, enhanced recruitment inside and outside refuge, maintenance of genetic diversity of stocks, and enhanced fishery yields in adjacent fishing grounds, so called spill-over. MPAs for ecosystem conservation and protection of coastal wetland have been applied appropriately and effectively, however, the Korean MPAs system is still detective due to absence of fisheries purpose MPAs. Finally, suggestions for Korean MPAs can be summarized as following four recommendations; to establish number of small-scale MPAs rather than few large MPAs, to designate island and its surrounding areas as reserve, to consider MPA design with stock enhancement program, and to undertake co-management with Eochon-Gye, the traditional coastal community in Korea.

• Korean Journal of Poultry Science
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• v.19 no.2
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• pp.77-95
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• 1992

This study was conducted to provide a guideline for laying hens breeding through comparing performance test results and domestic and foreign breeding processing for the purpose of succeeding in laying hen industry. The annual average egg numbers were 120 at 1930, 135 at 1940 and 175 at 1950 which was 146% increase during a decade. Heterosis was firstly introduced at 1924 and was applied to produce commercial stock since 1950. The theory of selection for quantitative traits was established by Lerner in 1951. In Europe and America, the annual average egg numbers in performance test were 175, 213, 219 and 277 in 1950, 1960, 1970 and 1985, respectively, and in Korea, those were 196, 226 and 265 in 1960, 1970 and 1980, respectively Laying hen breeding through simultaneous selection of numerous traits may provoke elevation of viability, improvement of feed efficiency, alongation of laying period and increase of disease resistance.

• Journal of the Korean Wood Science and Technology
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• v.10 no.3
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• pp.168-179
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• 1982

The first step to utilize the growing resources of Italian poplar (Populus euramericana I-476) for pulp-Woods, its characteristics and adaptabilities to the pulp industry must be investigated completely. The plantation methods are important for its fast growing in stock, and no less important is the cutting age for its utilization as pulpwood. In this paper, the stone groundwood pulping, refiner groundwood pulping and chemi-groundwood pulping characteristics by the age of tree, along with their physical and chemical characterstics were tested, and relationships between the age groups were analyzed to find out the optimum felling age. The results obtained are as follows: 1. The coefficient of pliability was a little higher in the case of younger trees. 2. The water retention value of each pulp was directly proportional to its physical strength, but this tendency was not detected between the age groups of sample woods. 3. Generally, the physical strength of younger wood pulp was lower regardless of the pulping process. But in the case of pretreatment with NaOH, Asphund and CGP pulp from 5 year old sample wood were stronger in physical strengths than those of GP and Asplund pulp with no pretreatment from 10 years old sample wood. 4. The tear factor of Asplund pulp with alkali pretreatment was higher than that of CGP pulp but the breaking length and the burst factor was similar in all processes. Considering the pulp yield and its brightness, CGP process seems to be advantageous. 5. The dissimilarity of physical strength between 7 and 10 years old wood pulp was not very large in all pulping processes but the physical strength of 5 year old wood pulp was very weak. In the of groundwood pulping from Italian poplar woods, 5 year old wood pulp should be mixed with other long fiber pulp for making a good paper.