• Title/Summary/Keyword: financial development

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Development of Korean Dairy Industry - Cheese (한국 유가공업의 발전과 전망 - 치즈)

  • Chun, Ho-Nam
    • Journal of Dairy Science and Biotechnology
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    • v.23 no.2
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    • pp.161-166
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    • 2005
  • In 1967, cheese was first produced with small scale of mozzarella cheese in Korea. The processed cheese market was highly grown after putting on the market of sliced cheese in the late 1980's, and the various products that complied with well-being trends such as organic and high functional cheese have been produced in the 2000's. The natural cheese opens up a new domestic market after producing camembert and brie cheese in the end of 2004. At present. the cheese market is expanded with differentiated products such as high value added and high functional cheese. The size of domestic cheese market remains about 200 billion won, but it is expected to go over a trillion won on account of growing preference of natural cheese with well-being trends. To promote domestic cheese industry, differentiation policy of raw milk price for cheese, diversification of cheese products, financial support to farm-made cheese industry and automation and processing development to improve productivity should be taken into account in the future in Korea.

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The Present and Future Development of Consumer Education by Private Consumer Organization (민간소비자단체의 소비자교육 현황과 발전 방안)

  • Hong Yeon-Kum;Song In-Sook
    • Journal of the Korean Home Economics Association
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    • v.37 no.12 s.142
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    • pp.43-57
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    • 1999
  • This study is to examine the present and future development of the adult consumer education by private consumer organization. For this purpose the data of consumer education practiced during 1996, 1997 were gathered from 33 consumer organizations. From the survey we can find that the financial and human resources of consumer organization are too limited and the selection of education theme were made nonsystematically. Based on these results and literature survey the contents and strategies were suggested for the adult education of private consumer organizations.

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A study on Use of a Spreadsheet (Excel) (스프레드시트 사용에 관한 연구)

  • Lee, Dae-Yong;Park, Kynng-Ah
    • Knowledge Management Research
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    • v.13 no.2
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    • pp.37-52
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    • 2012
  • A spreadsheet is a office automation software which has been widely used in almost all areas in business. A spreadsheet is used for calculation, data analysis, model building and so on. As a result, spreadsheet is a very important tool for generating knowlege in a firm. Errors in a spreadsheet model can cause a serious financial damage in a corporation. However in Korea few researches for reducing errors have been performed. Neither serious efforts to reduce errors have been executed by corporations. In this research we provided summarized the results from a survey for spreadsheet usage, summarized researches on errors in spreadsheet up to now, and suggested a rules and structured development method for reducing errors in a spreadsheet. Errors in spreadsheets are prevalent. To solve this serious problem, we need much more attention on this problem in research area. Corporations must put more efforts on setting policies and rules. And also we need the government's concern and support.

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WeblME: An Web-based Integrated Modeling Environment for Multi-facetted Model Representation and Management

  • Kim, Hyoung-Do;Kim, Jong-Woo;Park, Sung-Joo
    • Management Science and Financial Engineering
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    • v.5 no.1
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    • pp.27-49
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    • 1999
  • WebME is an Web-based integrated modeling environment that implements a multi-facetted modeling approach to mathematical model representation and management. Key features of WebME include the following: (i) sharing of modeling knowledge on the Web, (ii) a user-friendly interface for creating, maintaining, and solving models, (iii) independent management of mathematical models from conceptual models, (iv) object-oriented conceptual blackboard concept, (v) multi-facetted mathematical modeling modeling, and (vi) declarative representation of mathematical knowledge. This paper presents details of design and implementation issues that were encountered in the development of WebME.

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Policy Alternatives for the Effective National Rental Housing Policies : Centered on the Residential Development (국민임대주택 정책의 실효성 제고를 위한 대안 : 택지 확보방안을 중심으로)

  • Ahn, Yoo-Jeong;Kim, Kyoung-Mi;Song, Mi-Kyoung;Lee, Man-Hyung
    • Korean System Dynamics Review
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    • v.11 no.3
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    • pp.87-104
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    • 2010
  • This research aims at designing policy alternatives which would facilitate the supply of the national rental housing units, especially targeted for the low-income households who need special types of social support for their residences. In order to illuminate structural characteristics of the national rental housing policies, it heavily depends on collection of secondary survey data, in addition to existing documents. From the institutional dimension, it focuses on major issues related to the residential development, which is pivotal in supplying the required national rental housing units. Furthermore, applying causal loop diagramming techniques derived from the System Dynamics (SD), it tries to divulge dynamic relationships between key stakeholders including the government, developers and tenants. Finally, this research stresses the point that the government should fulfill its basic duty as a financial supporter and the developer should not procrastinate in providing diverse options, timely reflecting tenants' needs.

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Development of Indicators for Evaluating the Size of Economic Investment for Child Care in Korea (한국아동보육사업의 경제적 규모 평가를 위한 지표개발 연구)

  • Lee, Seung-Hee;Paik, Il-Woo;Kim, Myoung-Soon
    • Korean Journal of Child Studies
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    • v.26 no.1
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    • pp.183-202
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    • 2005
  • This study performed intensive indicators based on a model of economics of education. Trends of childcare in Korea were obtained by producing values developed with statistical data. Results showed that such simple initial indicator values as numbers of children, institutions and teachers have improved. However, intensive indicator values that take demographic and economic conditions into consideration have not reached the same rate of progress as the initial indicator values. In other words, qualitative growth remains at an unsatisfactory level in comparison to quantitative growth and to qualitative growth in members of the Organization for Economics Cooperation and Development (OECD).Thus, financial investment by the government should be expanded in order to reach the desired level of high quality in daycare for children.

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Revitalization plan for Korean's Venture Business (우리 나라 벤처기업의 활성화 방안)

  • Lee Kyoung-Oh
    • Management & Information Systems Review
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    • v.7
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    • pp.381-400
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    • 2001
  • Our country has been encountered with severe economic depression since IMF loan(1997). Korean economic system should be reformed according to the globalization and the world industrial trends based on adavanced technologies and skills. Todays the venture business should be considered to be the alternative of recovering Korean economy and increasing highly estimated values. Generally speaking, the venture business is defined as a new business with high risk-high return with new technical entrepreneurship. This treatise suggests the activating alternatives of the venture business in Korea. These alternatives are suggested as follows. First, several measures to incruit excellent technicians are suggested. These measures includes incruitment of parttime technicians, application of cooperative program of education training unemployees, the stock option system, a stock-sharing plan for the employees, etc. Second, in the financial aspect, activation of the foundation investment company, activation of the COSDAQ market, strengthening of technology security are suggested. Third, in the technical development aspect, amplification of inauguration assistant center, construction of technology accumulative network, etc. These measures will contribute to the development of Korean economy and the welfare of Korean people.

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A Study on Planning and Modeling System for Corporate Decision-Making (회사영업 및 경영의사결정지원을 위한 회사계획 및 모델화시스템에 관한 연구)

  • 이정록
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.8 no.12
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    • pp.49-63
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    • 1985
  • This paper is focused on the introduction of the types of models and explanation of the fundamental concepts and theory for development and use of the corporate planning and modeling system. Nowadays, a great deal of companies have been or experimenting with some form of a corporate planning and modeling system to support managerial and strategic decision making. From previous studies it was noted that most applications have tended to be financially based. This trend will probably continue. However, with the software and hardware currently available it is likely that companies will move more toward integrated models that link marketing, production, as will as financial areas. More emphasis will undoubtedly be placed on the use of econometric modeling, since this subelement of the overall planning and modeling process is closely tied to the market place and the economy. At any rate, wherever the development of corporate planning and modeling system is directed, clear understanding for the fundamental concepts and elements of the system is settled in advance in order to develope and use it.

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A development of direct load control system for air-conditioner (원격제어 에어컨 개발 보급현황 및 향후전망)

  • Gang, Won-Gu;Kim, Choong-Hwan
    • Proceedings of the KIEE Conference
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    • 2001.07d
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    • pp.2446-2448
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    • 2001
  • In addition to the stabilization of electricity supply and the quality management of electricity, load balance has been an important strategy for achieving high quality load management. Among many techniques for load management, direct load management has been actively studied and applied for increasing the efficiency of power facility and suppressing peak load. In Korea, the highest peak load is demanded in summer rather than in winter, and almost 50% of the peak load comes from cooling load. Currently, applicable systems are limited to air conditioners that have the cooling capacity less than 2kW. This paper describes the development of remote controlled air conditioners and the result of the field test of the new type air conditioner. The technical specification based on the test will be applied to the new model of the remote controlled air conditioner. The wide distribution of the air conditioners to the public will be helpful to control peak demand due to cooling load in summer time. Financial investment to generating, transmission, distribution facilities will be decreased from flatting the seasonal power load.

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Do Patents Lead to an Increase in Firm Value? Evidence from Korea

  • LEE, JANGWOOK
    • KDI Journal of Economic Policy
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    • v.42 no.3
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    • pp.33-52
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    • 2020
  • Patents are widely used in the literature as a measure of firm-level innovation. It is regarded that patents improve a firm's operational environment and ultimately increase the value of the firm. However, the relationship between patents and firm value in Korea is under-explored in the literature due to the difficulty of constructing datasets. This paper examines whether patents in Korea increase the market value of a firm. To do this, I exploit novel data on firm-level patents and financial information of all listed Korean companies during the period of 1993-2015 and estimate the non-linear production-function type of Tobin's q equations on R&D, patents, and citations. Surprisingly, I find that patents and citations are weakly associated with firm value, while R&D is strongly associated with an increase in firm value. These results direct imply that policymakers in Korea should enhance patenting incentives to encourage firms to innovate.