• Title/Summary/Keyword: government R&D

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The Determinants of Blockholder Presence: Evidence from Korea

  • KIM, Hung Sik;CHO, Kyung-Shick
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.4
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    • pp.29-39
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    • 2020
  • The purpose of this study is to investigate the determinants of blockholder presence in the Korean stock market. This study examines previous theories and studies, points that previous studies did not examine, and proposes two hypotheses. To verify two hypotheses, fundamental data were collected from firms listed on Korea Exchange from 2005 to 2017. As explanatory variables, we use the factors and characteristics of the firms used in the previous studies. Logistic regression analysis was conducted to test the determinants of blockholder presence. We find that firm size is the most distinctive factor determining the presence of blockholder, and firm idiosyncratic risk is the most similar factor determining the existence of each blockholder. Tobin Q shows significant value in family and government, and R&D intensity appears to be a negative related to the presence of blockholder in financial institutions. We also find that the determinant of blockholder presence differs from the mechanisms that govern each individual blockholder type when all blockholders grouped together. This suggests that there is blockholder heterogeneity within Korea listing firms. Our findings contribute to investors and policy makers who interested in the determinants of the presence of blockholder and blockhoder heterogeneity in Korea stock market.

시설중심 사회교육에 대한 일고찰-경상북도내 독서시설을 중심으로

  • 최달현
    • Journal of Korean Library and Information Science Society
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    • v.1
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    • pp.1-15
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    • 1974
  • The public library and micro-library as institutions of social education have been greatly developed under the influence of the library law enacted 011 Octob~r 28,1963 and the micro-library movement begun in 1961. However, they have still yet many problems to solve in order to accomplish their purpose effectively. As compared with the staff and library materials, buildings are 1norc. than a match for the others. Although many facilities are not complete enough to serve the public, people do not make the best of the facilities in both the public libraries and micro-libraries. The cause of such a result ~vould be taken from a reason that the founders of the libraries could not concentrate their intcrest on the staff and materials, for they were bent on the establishment of external facilities of the libraries. The poorer materials and facilities are, the more effort a2d better quality of the staff are required for their best utilization. As it is the information center of the community, the management of a library should be scientific and reasmable. In addition, librarians have to do their best to serve the public with the spirit of Christianity under the more active suppxt of the government. Finally, institutions of social education in this comn~unityin cluding public libraries and micro-libraries might establish a mutual cooperative organization for more effective library service.

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Field operation and improvements of developed VTS (VTS 국산화 개발 시스템의 현장운용과 주요기능 개선사항)

  • Lee, Byung-Gil;Jo, Kwan-tae;Choi, Byeong-Cheol
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.11a
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    • pp.43-44
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    • 2019
  • In recent years, VTS system was developed in Korea through a government R&D project for domestic manufacturers and operating authorities. The field test of the developed system in a real environment was constructed at the Gunsan VTS center. Testing was conducted for certain new IT convergence technology with VTS, such as traffic analysis, pilotage etc. So, we described some functions and advantages with tested VTS in real environment.

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The Effect of Entrepreneurship of SMEs on Corporate Capabilities, Dynamic Capability and Technical Performances in South Korea

  • Yi, Ho-Taek;Han, Chang-Nam;Cha, Yong-Bong
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.4
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    • pp.135-147
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    • 2018
  • There has been a recent increase in the interest towards founding companies and in line with the South Korean Government's policy on start-up support, discussions are rife about the effect of entrepreneurship on the management and performances of these companies. To enhance the competitiveness of SMEs, it is expedient to acquire and deploy consistent entrepreneurship, differentiate corporate resources, ensure the appropriate utilization of resources and the integration of such factors in response to the changing environment. This research examines relationships among entrepreneurship, three components of corporate capabilities, dynamic capability and technical performance based on resource-based view and the dynamic capability theory. The authors also investigate the moderating role of corporate life cycle. To test the hypothesis, we conducted a survey on 352 technologies -innovative SMEs located in South Korea via professional research institutes. The findings confirm the hypothesis that SMEs' entrepreneurship has a positive effect on three kinds of corporate capabilities (e.g., marketing, R&D, operations capability), and it had a positive effect on dynamic capability, whiles dynamic capability also had an influence on technical performances. The findings also confirmed the hypothesis that corporate life cycle moderates the relationship between dynamic capability and technical performances respectively. The research implications for both practitioners and academicians are discussed.

Research on the Design of Korea Land Spatialization Program's Test-bed - Focused on Surveying Equipments - (지능형국토정보 테스트베드 설계에 대한 연구 - 측량장비를 중심으로 -)

  • Song, Ki-Sung;Park, Jae-Min;Woo, Hee-Sook;Kim, Byung-Guk
    • Journal of Korean Society for Geospatial Information Science
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    • v.19 no.3
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    • pp.99-105
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    • 2011
  • The Korean Government is promoting Korean Land Spatialization Program(KLSP) to commercialize and practice of the technology from 2006 to 2012. It is preparing for field test to make research achievements verified in Sejong City by selecting a test-bed area. It creates the conditions to be satisfied standards that can be recognized at internal and external. This paper proposes to design a test bed considering site conditions and various requirements for performance verification of Surveying Equipments in KLSP.

Globalization of CAM and Development Strategy of the Korean Tradational Medicine (보완대체의학의 세계화와 한의학의 발전방안)

  • Hwang, Joong-Seo
    • Journal of Haehwa Medicine
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    • v.20 no.2
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    • pp.141-153
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    • 2012
  • Nowadays, the humankind's lives are affluent enough and the modern medical cure systems have made the humans' lives much longer. In spite of the modern medical development, the chronic & regressive diseases are rapidly increasing ironically. In this regards, many countries endeavoring to rely on the traditional or CAM instead of Conventional and Modern Medicines. The late Steve Jobs who sought for the natural therapy for his pancreatic cancer was one representative example. Every countries are investing huge amount of money to become the leader in the CAM market. Moreover, by preoccupying the world-wide standards, each country is trying to grab the market monopoliy. In this thesis, I examined several coutries' CAM markets and their CAM development strategies. These strategies should be considered for the KTM development Strategy. Fortunately, KTM has doing the main role in the Korean CAM development strategy. But to become the world leader in CAM market, the governmental committee should be established and the Financial Investment and Aid Program should be followed. It is very important to obtain the world standards. To do so, the R&D capability should be enhanced also. The world trends in CAM should be scrutinized and the Government Agency - Scholartic Group - Research institute have to cooperate for the same target.

A Study on Government R&D Subsides for the W Small and Medium Enterprise (IT중소벤처기업에 대한 정부지원 개선방안)

  • 송학현;최세하;이명길;김윤호
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2002.11a
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    • pp.81-85
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    • 2002
  • IT분야에 대한 정부지원은 직접적인 자금지원방식과 간접적인 인력양성지원, 기반환경조성 등 다양한 형태로 추진되고 있다. 그러나 중소벤처기업들은 기업의 영세성과 무경험성, 기술 중심적인 경영과 국내 편향적인 경영 둥으로 인해 많은 어려움을 겪게 되고 이를 극복하기 위한 노력에 대해 정부의 지원이 한계에 도달할 수밖에 없다. 이를 보다 효율적으로 지원하기 위해서 기술개발자금 지원업체의 운영실태를 조사하여 문제점을 살펴보고 개선방안을 모색하였다. 중소벤처기업의 기술개발 진행상황 및 연구비 집행사항 파악을 통해 기술개발 부진과제 독려, 자금 부당집행 등 위반사항 적발ㆍ제재, 지급집행방법 교육 등을 통해 집행의 적정성을 도모하고 기술개발 애로사항을 청취하고 연계 지원사업을 안내하였다. 중소 벤처기업의 경우 회계에 관한 지식ㆍ관심의 부족, 내ㆍ외부 감사시스템 미비, 자금 애로 둥의 사유로 출연연구소 등에 비해 연구비 집행 증빙 둥 회계처리에 미숙하고, 고의 또는 과실에 의해 연구비를 목적 외의 용도로 사용할 가능성이 커서 중소ㆍ벤처기업을 대상으로 하는 사업의 경우 연구비 집행의 적정성 제고를 위해 집행관련 사항을 간소화ㆍ투명화하여 연구비 부당 집행, 집행 오류 둥의 여지를 줄이는 둥 개선방안을 모색하였다.

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Application analysis to a shared apartment house of heat storage type GSHP system with dual storage tank (이중 축열조를 갖는 축열식 지열원 히트펌프시스템의 노인공동주택 적용 분석연구)

  • Park, Jong-Woo;Lee, Sang-Hoon;Cho, Sung-Hwan
    • Proceedings of the SAREK Conference
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    • 2008.11a
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    • pp.27-32
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    • 2008
  • The present study has been conducted economic analysis of heat storage type ground source heat pump system(HSGSHP) and normal ground source heat pump (GSHP) which are installed at the same building in the shared an apartment house. Cost items, such as initial cost, annual energy cost and maintenance cost of each system are considered to analyze life cycle cost (LCC) and simple payback period (SPP) with initial cost different are compared. The initial cost is a rule to the Government basic unit cost of production. LCC applied present value method is used to assess economical profit of both of them. Variables used to LCC analysis are prices escalation rate and interest rate mean values of during latest 10 years. The LCC result shows that HSGSHP (1,050,910,000won) is more profitable than GSHP by 68.9% initial cost. And SPP appeared 3.0 year overcome the different initial cost by different annual energy cost.

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Development Direction of Advanced Concept Technology Demonstration for the 4th Industrial Revolution (4차 산업혁명 대응을 위한 신개념기술시범사업 발전방향)

  • Kim, Sang-Hun;Chey, Seung-Woo;Hong, Sung-pyo
    • Journal of the Korean Society of Industry Convergence
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    • v.22 no.6
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    • pp.729-737
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    • 2019
  • The world is now going through the era of the Fourth Industrial Revolution. Major global economies, including the United States, Germany, Japan and China, are fostering industries related to the fourth industrial revolution with policies and investments. South Korea is also setting up its fourth industrial revolution committee under the president, expanding policies and investment to foster industries related to the fourth industrial revolution, and increasing investment in research and development. Accordingly, government and private investment in industries and technologies related to the Fourth Industrial Revolution is made extensively around the world, and many related industries and technologies are being developed. In this paper, we will look into the status and problems of Advanced Concept Technology Demonstration projects that can quickly and easily introduce technologies related to the fourth industrial revolution in the private sector where many developments are taking place, and present the direction of development.

The Effect on Performance with SCM Dynamic Capabilities in the Pharmaceutical Industry : Mediated Through Cooperational Relationship (제약산업의 SCM 동적역량이 성과에 미치는 영향: 협력관계를 매개로 하여)

  • Seo, Young-Kyu;Song, Dohan;Huh, Hoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.3
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    • pp.192-206
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    • 2021
  • The pharmaceutical industry is an industry that provides medicines related to the health and life of the people. The pharmaceutical industry is a traditional regulation industry with the characteristics of R&D(Research and Development), purchasing, manufacturing, distribution and consumption under strict government management. Until now, pharmaceutical companies have continued to make efforts to maintain competitiveness through patent management, new product development, and marketing. However, industries are rapidly changing, including rising costs for developing new products and expanding generic markets. As these changes and uncertainties in the management environment increase, efforts are required to improve the competitiveness of the pharmaceutical industry from a new perspective. In this study, we intend to examine the impact of SCM(Supply Chain Management) dynamic capability of pharmaceutical companies on corporate performance through partnerships to respond to market changes and uncertainties. It was determined that the agility, visibility and flexibility that constitutes the SCM dynamic capabilities would affect the performance of pharmaceutical companies. In this study, the importance of SCM dynamic capabilities and cooperative relationships was identified through surveys by SCM managers of pharmaceutical companies. Consequently, in the pharmaceutical industry, which is a regulatory industry, we have identified that SCM dynamic capabilities and cooperative relationships with partner companies have a significant impact on corporate performance.