• Title/Summary/Keyword: foreign policy factors

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The Impact of Outward FDI on the South Korean Labor Market: Evidence on the Wages of Four Types of Workers

  • Lee, Hongshik;Kim, Hongmin;Sim, Soonhyung
    • East Asian Economic Review
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    • v.18 no.1
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    • pp.29-54
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    • 2014
  • The purpose of this research is to identify the relation between OFDI (Outward Foreign Direct Investment) and wage inequality. In order to analyze various effects of OFDI on wages depending on the types of workers, the research classified laborers into four categories: permanent/skilled worker, permanent/unskilled worker, temporary/skilled worker, and temporary/unskilled worker. With controlling wage-determining factors such as education, labor union, individual fixed-effect, and industry-level effect, this paper examines whether OFDI attributes to the wage inequality among each type of workers. Moreover, this study also analyzes possible effects on wages that could vary according to the different characteristics of investments by classifying OFDI into two groups: OECD and non-OECD. The results reveal that OFDI makes certain differences according to skill-intensity and contract type in terms of influences on wages. It also shows that the effect of OFDI on wages is more subject to contract type than to skill-intensity. The classification of OFDI into OECD and non-OECD proves that effects on wages can vary by characteristics of the subject of investment.

Qualitative Literature Approach: The Historical Driving Forces in the South Korean Economic Growth

  • KANG, Eungoo
    • Journal of Koreanology Reviews
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    • v.1 no.1
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    • pp.25-29
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    • 2022
  • Economic growth is one of the significant benchmarks determining a country's sustainable growth. Before WWII, most countries perceived their priority in terms of military strength as they dedicated most of their efforts and resources to creating weapons of mass destruction. The current research aims to establish some of the significant factors that may have contributed to the sustainable and progressive economic growth of South Korea within the 60-year timeframe. Multiple prior studies have attributed the economic growth in South Korea to policy reforms that opened the country to foreign markets. The outstanding increase in the percentage of exports stands out as an indication of the improvement in the quality of goods produced in the country. Finally, in recent years, China has dedicated more resources to research and developments as a strategy to improve innovation within the country and its overall economic growth. Other issues of concern likely to undermine the prospects of the country's economic growth include the limited geographical size, aging population, and limited natural resources. As such, South Korea needs to emphasize innovation and improve the business environment as its main strategy for sustainable economic growth in the future to maintain its continuous economic miracle.

Management of Innovation and Investment Activities of Enterprises in the Conditions of Digitalization to Increase Their Competitiveness in the International Market

  • Kravchuk, Nataliia;Rusinova, Olha;Desyatov, Tymofii;Lapshyn, Ihor;Alnuaimi, Ali Juma Ali Sallam
    • International Journal of Computer Science & Network Security
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    • v.22 no.3
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    • pp.335-343
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    • 2022
  • The article analyzes the features of innovation and investment activities of enterprises in the context of digitalization to increase their competitiveness in the international market. Ukraine's position on the Global Innovation Index is assessed. The interrelation of management functions in the context of innovation and investment activities of enterprises is substantiated. The structure of sources of financing of innovative activity of industrial enterprises is analyzed. Trends in changes in the volume of foreign direct investment and capital investment in Ukraine are assessed. It is determined that the level of innovative development of enterprises is determined by the level of their investment support, which is determined by the level of their investment attractiveness. The components of the strategy of investment attractiveness of enterprises are outlined. Determining factors in the implementation of innovation and investment policy of enterprises are identified and the main stages that should include the processes of managing innovation and investment activities of enterprises in the context of digitalization.

Impact of Energy Consumption, FDI and Trade Openness on Carbon Emissions in lvory Coast

  • Ange Aurore KADI;Liang LI;David Dauda LANSANA;Joseph FUSEINI
    • Asian Journal of Business Environment
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    • v.14 no.3
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    • pp.23-35
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    • 2024
  • Purpose: The study focuses on the impact of Foreign Direct Investment (FDI), trade openness, and energy consumption on carbon dioxide emissions in the Ivory Coast. It aims to quantitatively evaluate the effects of FDI, energy consumption, and trade openness on CO2 emissions in Ivory Coast. Research design, data, and methodology: The research uses an econometric framework and the Autoregressive Distributed Lag (ARDL) model to analyze time-series data from 1980 to 2021 between these factors. Results: The analysis revealed that FDI significantly impacts the carbon dioxide emissions, FDI showed a negative impact on carbon emissions in the long-run equilibrium term. Also, energy consumption impacted CO2 emissions in the long-run equilibrium term. Conclusion: To mitigate the upsurge of CO2 emissions in the Ivorian context, concrete policy, including enactment and adherence to strict environmental regulations, adoption and prioritization of eco-friendly products and technologies, and investment in renewable energy infrastructure are recommended. The study contributes to the global discussion on sustainable development by offering a model for similar assessments in other emerging nations facing simultaneous economic growth and environmental conservation challenges.

A Study on Population Capacity in Jeju by Contingent Valuation Method (조건부가치추정법을 활용한 제주지역 해외수용력 연구)

  • Ho-Jin Bang;Young-Hyun Pak;Jang-Hee Cho
    • Korea Trade Review
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    • v.45 no.4
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    • pp.137-152
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    • 2020
  • The increase in national income, the expansion of transportation network, the increase in leisure time, and the influx of foreign tourists in the era of internationalization, the influx of the outside population of Jeju region increased rapidly until 2020. However, the corona 19 (Covid-19) incident that began in January 2020 has hit the entire industry, and the tourism industry in Jeju has also been greatly damaged. However, in the second half of 2020, with some calming of the Corona 19 situation and difficult to leave overseas, the number of visitors to Jeju Island is increasing again as Koreans choose Jeju Island as their domestic tourism. This study analyzed the capacity of Jeju's external population based on the Contingent Valuation Method, and based on this, attempted to suggest policy recommendations for Jeju. The size of accommodations such as the density of visitors, toilets, and rest areas were excluded from consideration, and the level of securing the parking lot already exceeded the capacity, and the rate of securing the parking lot was 93.4%. In the case of accommodation, the total number of available rooms is 88,691, even if one guest per room is assumed, which is 32,372,215 per year, which is sufficient in terms of visitor capacity. To analyze the aspects of psychological capacity, this study analyzed whether the residents are feeling psychological discomfort through three methods of road congestion, garbage disposal, and sewage treatment through Contingent Valuation Method. However, the inconvenience caused by the increase of visitors and the effect of continuous population influx is working in combination, and it has the limitation that the effects of these independent factors cannot be specifically separated. As a result of the study, discomfort has already been recognized in terms of psychological capacity among the factors of capacity, and it was estimated that a cost of about 45 billion won per year was incurred as a result of deriving psychological costs through Contingent Valuation Method. In the future, a policy review is needed to resolve or maintain the perception of this discomfort through continuous management. Accordingly, it is necessary to recognize that the increase of visitors leads to the psychological discomfort of the residents, and to seek a policy alternative that can simultaneously increase the number of visitors and the comfort of the residence.

China's Assertive Diplomacy and East Asian Security (중국의 공세적 대외행태와 동아시아 안보)

  • Han, Seok-Hee
    • Strategy21
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    • s.33
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    • pp.37-64
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    • 2014
  • The year 2010 has been regarded as a year of China's assertive diplomacy. A series of China's behavior--including China's critical reaction to the U.S. for its sales of weapons to Taiwan, the Dalai Lama's visit to President Obama, China's arbitrary designation of 'core interests' over the South China Sea, China's inordinate reactions to the sinking of the Cheonan and Yeonpyeong bombardment, and China's activities in the Senkaku/Diaoyu island areas--has served as the witnesses to China's assertive diplomacy in 2010. The major causes of China's assertive diplomacy can be summed up by three factors: potential power transition from U.S. to China; emerging China's nationalism; and the recession of the Tao Guang Yang Hui as a diplomatic principle. But a majority of Western sinologists claim that China's assertive diplomacy is defensive in terms of its character. China's neighboring states, however, perceive its assertive diplomacy as diplomatic threat. Due to these states' geographical proximity and capability gaps with China, these neighbors experience difficulties in coping with China's behavior. In particular, China's coercive economic diplomacy, in which China tends to manipulate the neighbors' economic dependency on China for its diplomatic leverage, is a case in point for China's assertive diplomacy. China's assertiveness seems to be continued even after the inauguration of Xi Jinping government. Although the Xi government's diplomatic rhetorics in "New Type of Great Power Relationship" and the "Convention for Neighboring States Policy" sound friendly and cooperative, its subsequent behavior, like unilateral announcement of Chinese Air Defense Identification Zone (CADIZ), does not conform with its rhetoric. Overall, China's assertiveness has been consolidated as a fashion of its diplomacy, and it is likely to continue in its relations with neighbors. As a neighboring state, the ROK should approach to it with more balanced attitude. In addition, it needs to find out a new diplomatic leverage to deal with China in accordance with its security environment, in which China plays a growing role.

Comparative Study of the System for Decentralized Rainwater Management in Korea and Germany (한국과 독일의 분산식 빗물관리를 위한 제도 비교 연구)

  • Han, Young-Hae;Lee, Tae-Goo
    • Journal of the Korean Institute of Landscape Architecture
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    • v.34 no.4 s.117
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    • pp.84-95
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    • 2006
  • This study begins by examining the reason for the lack of urban planning that takes the water cycle into consideration. While there are institutions that support environmentally friendly development or smooth water circulation, these designs are not reflected in planning nor in the real world. After reviewing foreign case studies, policy suggestions and possible policy implications for Korea are derived. In Korea, there is not a sufficient level of relevant laws or institutions systematically established to make it possible to deal with rainwater in a decentralized way. Instead, facility standards or guidelines are considered separately for the control of water and for preventing natural disasters. And even though an environmentally friendly approach is stipulated in relevant laws in terms of spatial planning, there are no planning systems or implementation tools to actualize this kind of approach. The factors that make decentralized rainwater management possible in urban planning are analyzed based on the case study of Germany. Germany requires developers to plan in order to achieve ecological urban development. In addition, as a detailed implementation tool to promote conservation of the water cycle, the law provides for various kinds of measures such as restrictions on the proportion of impervious surface area according to the use of the land, required compensation measures for environmental degradation following development, introduction of a fee for rainwater runoff and the establishment of ecological landscape planning. The actual reason these measures can be implemented however is the provision of planning guidelines and design criteria for rainwater utilization, absorption and containment, and the construction of a database for various environmental information.

A Study on the determinants of Korean Fisheries Processing Trade Firms' Sequential FDI in China (중국진출 한국수산물가공무역기업의 후속투자 결정요인)

  • Jang, Young-Soo;Zhang, Zhun-Feng
    • The Journal of Fisheries Business Administration
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    • v.39 no.1
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    • pp.133-162
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    • 2008
  • In 1970, direct overseas investment in Korean fisheries started to sell the frozen marine products to Singapore with establishing local subsidiary. Direct overseas investment in China has carried out since Korea and China established diplomat relationship in 1992. the former day, The Korea invested indirectly in China via Hong Kong. It has reported that 253 local subsidiaries applied to China government permit at the end of 2004. The results will make a decision on whether to invest continuously. The results of actual proof analysis has announced that a successful investment of fishery company is mainly influenced in its own government policy. Many advantages of tax and administration for foreign company in China have been changed and vanished comparing to the beginning time of entering china. So. it is imperative for Korean government to take measures to changing policy of Chinese government. The early days, investment of fishery company is type of resources and abundant resources will affect succeeding investment. Nowadays, the type of the investment is the production oriented investment. And then many direct investment linked the production oriented investment have been conducted in many area in China. So. the production oriented investment will affect logistics and successful investment in China. And, The factor of Market potential in Market Factors in the middle of changing market oriented investment will conclude whether to invest. As the china exchange system changed from the fixed exchange system to the fluctuating exchange system. Risk of exchange rate will affect corporate's parent business. The local risk (regulation of import and export, remittance) will affect succeeding investment of corporate's parent.

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Assessment of the Best Available Technology to Establish the Industrial Wastewater Effluent Limitations Guidelines (처리기술 수준에 근거한 배출허용기준 설정을 위한 BAT 도입 연구)

  • Lim, Byung-Jin;Kwon, O-Sang;Kim, Young-Noh
    • Korean Journal of Ecology and Environment
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    • v.38 no.3 s.113
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    • pp.281-288
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    • 2005
  • BAT (Best Available Technology economically achievable) assessment is indispensible to effective management policy of industrial wastewater discharging facilities such as setting effluent limitations guidelines for individual industry based on the wastewater characteristics and treatment efficiency, making effluent limitations guidelines for new sources, and calculation of the reducible amount of emission load conforming to a total emission general plan and enforcement plan. This study reviewed foreign cases of BAT assessment and condition of domestic wastewater discharging facilities, and suggested BAT assessment guideline suitable for the domestic conditions. The major assessment factors and flow are; (1) Identification of pollution source characteristics, (2) Identification and survey on technology, (3) Selection of candidate technology, (4) Assessment of legislation adaptation, (5) Assessment of environmental factor, (6) Assessment of economical acceptability, (7) Total weighting value factor assessment on technological factor, and (8) Total assessment and final BAT selection. The result of this study can be utilized as a major policy data and a base of industrial wastewater management system.

A Study on the Effective Management Methods of Craftsmen through Job Environment and Productivity Analysis of Construction Craft Workers (건설기능인력의 업무환경 및 생산성 분석을 통한 기능인력의 효율적인 관리방안에 관한 연구)

  • Ha, Gee-Joo;Ha, Min-Su;Yi, Dong-Ryul
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.35 no.12
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    • pp.173-180
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    • 2019
  • Construction work is a labor-intensive industry, which is required systematic production activities using materials, manpower, and equipment. Among them, manpower resources play a very important role in achieving efficiently production in the organization. Construction work is highly dependent on construction craft workers, and the level of proficiency can be directly related to the construction productivity and quality. However, a rapidly aging construction craft workers in Korea, is being replaced by a foreign construction craft workers because of advoidance of new laborers in the construction site. In the future, if the continuous development and management of construction manpower is not made properly, it may be lead to adverse effects such as setbacks in production, delayed completion, faulty construction, industrial disasters, and decreased productivity in construction site. In this study, it was proposed four important factors for work capacity management of construction craft workers. These were ensuring of physical strength through the health management of construction craft workers, securing of proficiency through career management, ensuring of productivity through work capacity and establing of informatization through work capacity management. By introducing a systematic system, it is possible to improve construction craft workers' professionalism, enhancing the level of welfare, reflecting the realities of labor costs, increasing the quantitative and qualitative levels of construction craft workers, Futhermore it was demanded the continued interest and policy support for the realization of effective management of construction craft workers.