• Title/Summary/Keyword: industrial restructuring

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Fifty years of economic geography in Korea:research trends and issues (한국경제지리학 반세기:연구성과와 과제)

  • ;Park, Sam Ock
    • Journal of the Korean Geographical Society
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    • v.31 no.2
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    • pp.160-197
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    • 1996
  • The purpose of this study is to review research trends and issues of economic geography in Korea for the last fifty years by sub-fields of agricultural geography, industrial geography, commercial and service geography, and transportation geography. Research in Korean economic geography has progressed significantly in terms of the scope and the number of papers published during the last a half a century. Agricultural geography was a leading field of economic geography in Korea before mid-1970s. Since the mid-1970s, however, agricultural geography has turned over the leading role in economic geography to industrial geography. Classification and structure of agricultural region has been the most popular research theme in Korea, even though diverse topics has been dealt in the research of agricultulal geography in Korea during the last fifty years. In recent years, emphasis is given to study on the dynamics of agricultural region and regional differentiation of part-time farming. It is suggested that the future issues of research in agricultural geography in Korea are agricultural restructuring and changes in agricultural space under the WTO system, changes in rural area and agricultural region with the progress of informatization, changes in agricultural structures and rural society by the increase of part-time farming, governments agricultulal policy and its impacts, competitive advantages of Korean agricultulal products, and environmental impacts of agricultural restructuring. Research in industrial geography has remarkably progressed since the 1980s. Locational changes, regional industrial structure and formation of industrial region were the major topics of interest in the research of industrial geography in Korea before 1980. Since the early 1980s, in addition to the topics which were interested in before 1980, changes of industrial organization and industrial location, changes of production systems and industrial space development of high technology industries and science parks, industrial restructuring and regional economy, foreign direct investments, industrial linkages and industrial districts, and industrial policy and regional development have been the major research themes of industrial geography in Korea. Considerable number of papers has been published both in Korean journals and in foreign journals during this period. Considering global changes in the organization of industrial space, future research should be more focused on firms strategy for regaining competitive advantages, local and global perspectives of industry, industry and environmental changes, in addition to the topics which have been dealt in recent years. Research in commercial and service geography and transportation geography was negligible in Korea before the late 1970s. These two sub-fields in economic geography have begun to develop since 1980s. Periodic markets, structure of commercial area, and distribution of products were the major topics of interest in the 1980s in the commercial and service geography in Korea. In the 1990s, however reserch in producer services has been active with growth of producer services in Korean economy. It is suggested that regional changes with progress of informatization and technology, changes of international trade and regional changes, development of efficient distribution system, role of producer services in regional development, and network of producer services are the major issues to be studied in the future in the field of commercial and service geography in Korea. Commuting, distribution of products, and transportation networks have been the major topics of research in transportation geography in Korea. Diverse quantitative techniques have been applied in the most of the researches in transportation geography. It is required that future studies in transportation geography should also focus on societal and behavioral issues, policy issues regional impacts of new transportation facilities, an analysis of transportation system at the global or international level. Since the 1980s economic geography in Korea has considerably progressed with publication of papers and books. The progress can be regarded as successful in quantitative aspect, but not in quantitative aspects. For the development of Korean economic geography in both quantitative and qualitative aspects, it is necessary to promote international collaborative researches and interdisciplinary cooperations. Attention should also be given to the research on changes in competitive advantages and economic restructuring, changes of economic space with the development of high technology and the progress of informatization. economic development and culture. and foreign regional studies.

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Crisis and Restructuring of the Korean Textile and Clothing Industry between 1980 and 1997: Geographical Extension of Productive Forces and Intensive Accumulation Regimes (한국 섬유 의류산업의 위기와 재구조화(1980-1997): 생산력의 지리적 확장과 내연적 축적체제)

  • Sung Cheol Lee
    • Journal of the Economic Geographical Society of Korea
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    • v.3 no.1
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    • pp.53-81
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    • 2000
  • Between 1980 and 1997 the Korean textile and clothing industry (KTCI) experienced the transformation of export-led accumulation regime rooted in domestically-derived price competitiveness into the combination between foreign mass production involving the geographical extension of productive forces and quality strategy based on upgrading technology and automation involved in the domestic market for high quality and price products. This restructuring of the KTCI is rooted at the crisis in the export-led growth regime implemented unity 1980 due to the rapid increase in wage levels by the ‘great labour movement’occurred in 1987. In particular, increased wage and collective bargaining realized through labour empowerment led to the crisis in the conjoin between mass production and mass export based on long working hours and low wage structure. The aim of this paper is to explore the transformation of development modes between 1980 and 1997 that can help us in understanding the fundamental reasons for the restructuring of the KTCI. To this end, the paper identifiles the changing accumulation regimes between 1980 and 1997 mediated by wage-labour relations, inter-firm relations and state-film relations, which are insitutional forms of the modes of regulation.

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A Study on Crisis Response Strategies for Global Solar Energy Companies - Focusing of M&A and Restructuring - (글로벌 태양광기업의 위기극복전략 연구 - 기업 인수합병과 구조조정을 중심으로 -)

  • Lee, Chang Seok;Yoo, Sung Yeon;Han, Ki Ju;Cha, Jae Hyung;Jeon, Eui Chan
    • Journal of Climate Change Research
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    • v.8 no.2
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    • pp.91-97
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    • 2017
  • Korean solar energy companies are currently suffering bankruptcy, receivership, liquidation of operation, lay-off or other similar event and most of the conglomerate are also downsized or discontinued operations in the industry. This study aims to assist Korean solar energy companies in making decision to overcome the current industrial crisis through looking into the Korean companies' growth, encounter with the crisis and strategies to survive. The main research topic in this study is a comparison between respective effect of M&A and restructuring on corporate value to understand such effects on solar energy companies. In this study, we utilized a variety of research methodologies, including dummy regression analysis, binary analysis of variance, analysis of cross addition to T-test was carried out empirical analysis. As a result, it seems that the companies who chose an M&A are facing a better situation in terms of survival and market share despite the ongoing crisis. Through this study, it could be found that, for a technology company, an M&A would be a better option than restructuring to grow and overcome a crisis.

A Study on IT-Enabled Restructuring Strategy (민원행정업무 프로세스 재설계에 관한 연구)

  • 김상욱;오명륜
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 1999.05a
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    • pp.259-267
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    • 1999
  • 정부의 대민 서비스의 대부분을 차지하는 민원행정조직의 근본적인 문제점을 지적하고, 민원행정프로세스를 재구축하기 위한 전략을 제시함으로서 작금 정부가 추구하는 전자정부의 구현에 일조 하고자 함에 본 연구의 목적이 있다. 본 소고에서는 민원행정의 중요성 및 우리나라 민원행정의 문제점을 살펴보고, 정보기술(IT)을 기반으로 한 프로세스 재설계 방안에 관해 개념적인 차원에서 제시한다. 아울러 민원창구의 혁신을 위한 방안으로 케이스 관리(Case Management) 개념을 제안하고, 궁극적으로 민원행정이 지향하는 원-스톱, 논-스톱 서비스를 실현하기 위한 요건을 언급한다.

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Restructuring Production Management using TBS : Sourcing (시간축전략에 의한 생산관리 재구축 - 조달을 중심으로 -)

  • 이성호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.36
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    • pp.333-340
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    • 1995
  • In Manufacturing using time-based strategies, as a competitive advantage, time is the equivalent of productivity, quality, innovation. In addition, time-based sourcing's impact on competiveness is not limited to cost control but also influences the performance of its adoption. This paper is to examine the relation between the level of time-recognition and supporting and performance of time-based sourcing by the empirical study.

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Verification of ERP Standard Time Using TOC Technique and Improvement of MES Routing Point (TOC 기법을 적용한 ERP 표준시간 검증 및 MES 공정실적개선)

  • Kim, Sung-Min;Ahn, Jaekyoung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.4
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    • pp.22-33
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    • 2018
  • Recently domestic manufacturing companies have been experiencing worsening profitability and stunted growth due to the long-term economic recession and the rapid rise of developing countries such as China and Southeast Asia. These difficulties force many companies to concentrate their core competencies on new value creation and innovation in order to gain momentum for new growth. Enterprise Resource Planning (ERP) has been considered as one of viable solutions. Among the various modules in ERP, shop floor control function in the production management module is rather limited. In order to overcome this problem, Manufacturing Execution System (MES) has been used as a subsystem which has a strong information gathering power and flexibility. Both systems interact closely with each other. In particular, ERP requires fast, accurate shop floor information at MES. This paper describes how to synchronize relevant information between ERP and MES with theory of constraints (TOC). The processing time information transmitted from the MES workplace is received at the ERP workplace. In the process, the received processing time is causing information distortion in ERP, when the information gathering standard of MES is different from the ERP information interpretation standard. The Drum-Buffer-Rope theory of TOC was applied to resolve this problem, therefore, information synchronization between both systems was made. As a precondition, the standard time of the upper ERP system was rearranged according to the capacity constraints resource. As a result, standard time restructuring has affected changes in labor costs. Standard labor costs have come close to actual ones, and information synchronization of MES transmission data has improved the reliability of standard product costs, such that it enabled various company-wide restructuring actions to be much more effective.

Economic Restructuring and Regional Disparity after the IMF Crisis in Korea (IMF 경제위기 이후 경제재구조화와 지역격차)

  • Yim, Seok-Hoi
    • Journal of the Korean association of regional geographers
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    • v.8 no.4
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    • pp.513-528
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    • 2002
  • This paper aims to explore the recent economic restructuring and regional disparity after the IMF crisis in Korea in terms of uneven regional development. The so-called IMF crisis brought about changing Korean society and economy greatly. Although the Korean economy has been almost completely recovered from the IMF crisis, some structural problems remain. In particular, regional disparity has been deepening in the process of economic restructuring for overcoming the IMF crisis. While the Seoul metropolitan area including Kyunggi province has recovered from the crisis relatively fast and industrial production in the area has been kept active, the productive activities of local areas such as Pusan, Taegu, Kwanju and Ulsan province have shrunk significantly. On the contrary, the economic situation of Taejun province is not so bad in comparison with other local areas. The recent deepening of regional disparity after the IMF crisis can be seen as a process of economic restructuring to overcome the crisis. However, it is necessary to point out that production system has already been gradually transformed from Fordism toward post-Fordism since the early 1990s. In this context I argue that the IMF crisis, as an accelerating trigger of such spatial reconfiguration, has deepen regional disparity.

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Examination of the Restructuring of Korean Economy: Simulation of the Multisector Model (한국경제(韓國經濟)의 구조변화(構造變化) 전망(展望): 다부문모형(多部門模型)의 모의실험(模擬實驗))

  • Kim, Jung-ho;Park, Jun-kyung
    • KDI Journal of Economic Policy
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    • v.14 no.2
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    • pp.155-187
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    • 1992
  • The Korean economy has sustained high growth rate for almost three decades, that have been associated with the rapid expansion of manufacturing industries. In the beginning stage of development, the high growth of the Korean economy has been based on improvements in productivity obtained by the economies of scale. In that period, the improvements in productivity could be secured by the economies of scale in the export-oriented industries which are the labor- and material-intensive industries. In the latter half of the 1980s, the Korean economy went through rapid transition. Now Korea is at another juncture in its development process, where economic restructuring is critical to sustain high growth. However, economic restructuring in the 1990s call for much more concerted effort than before, since changes in internal and external conditions have profoundly altered the environment for economic development. If Korea is to sustain high growth in the 1990s, it has to promote balanced economic and social development in coordination with the smooth facilitation of industrial restructuring. There are no inherent conflicts among the issues involved, so they can be resolved by restructuring the economy to facilitate, in a global context, the development of knowledge- and technology-intensive activities and to ensure that the benefts of growth are reflected of qualitative improvements in national living standards. In this paper, we examined a scenario of structural changes using a mid- and long-term multisector model, in order to understand the conditions needed for realizing the growth potential. This examination explains the important features of the development course and policy directions that will help sustain high growth in the 1990s.

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Globalization/Localization and Organization of Economic Space (세계화/지방화와 경제공간의 조직)

  • 박삼옥
    • Journal of the Economic Geographical Society of Korea
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    • v.1 no.1
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    • pp.11-32
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    • 1998
  • Globalization of economy has a significant impact on the organization of economic Space. This paper examines the concepts of globalization and localization, major trends of the changes in the organization of economic space in the Pacific rim, and the major processes of the changes. Intra-regional trade and foreign direct investments have increased considerably in the Pacific region with the progress of globalization during the last decade. Due to the Progress of globalization of economy in the Pacific rim, some growth triangles have extended their agglomeration area beyond the national boundaries and several new industrial districts have developed. The reorganization of the economic space in the Pacific rim has been resulted from industrial restructuring of NIEs, spatial division of labor along the commodity chains, and the formation of industrial networks within the region. The ‘cooperative network strategy’has been suggested to minimize the negative effects of glocalization and for the sustainable development in the Pacific rim.

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