• Journal of Korea Port Economic Association
• /
• v.25 no.1
• /
• pp.1-14
• /
• 2009

This study predicted Port trade volume by considering Korea's export to China and import Com China separately using ARIMA model (Multiplicative Seasonal ARIMA Model). We predicted monthly Port trade volumes for 27 months from October 2008 to December 2010 using monthly data from September 2008 to January 2001 using monthly data. As a result of prediction, we found that the export volume decreased in January, February, August and September while the import volume decreased in February, March, August and September. As the decrease period was clearly differentiated, it was possible to predict export and import volumes. Therefore, it is believed that the results of this study will generate useful basic data for policy makers or those working for export and import enterprises when they set up policies and management plans. And to improve competitive power of Port trade, this study suggests privatization of Port, improvement of information capability, improvement of competitive power of Port management companies, support for Port distribution companies, plans for active encouragement of transshipment, and management of added value creation policy.

• Journal of Korea Trade
• /
• v.24 no.1
• /
• pp.35-58
• /
• 2020

Purpose - This study examines the determinants of foreign direct investment (FDI) location choice for Chinese firms, focusing on the agglomeration effect for firms of the same nationality. Design/methodology - The empirical data are China's inward FDI from the top 19 economies (excluding tax havens and Taiwan) in terms of FDI during 1997-2015 and China's outward FDI from the top 18 economies (excluding tax havens). This study uses a random effects generalized least squares model for panel data analysis. Findings - The results confirm that both host countries' costs and market conditions and the degree of agglomeration affect these countries' attractiveness for FDI inflows. Specifically, agglomeration has a significant effect on China's inward and outward FDI. This study confirms that the agglomeration of firms of the same nationality has predictive power for multinational enterprises' FDI location choices. The host countries' real GDP and trade openness also positively affect FDI inflows. Interestingly, however, China's production cost has a positive effect. Thus, inward FDI aimed at entering the Chinese market is increasing in recent years relative to the previous efficiency-seeking FDI. Inward FDI in China is therefore the market-entry type, whereas outward FDI by Chinese firms is the market-oriented type. Originality/value - These results suggest that the effects of the potential determinants of Chinese outward FDI are similar to those of inward FDI as China's trade liberalization progresses.

• Korea Trade Review
• /
• v.44 no.1
• /
• pp.31-44
• /
• 2019

This study examines the normalization of Korean GM management between the Korean government and GM in terms of external negotiation game and internal negotiation game using Putnam's Two-Level Games. In addition, GM's Win-set change and negotiation strategy were analyzed. This analysis suggested implications for the optimal negotiation strategy for mutual cooperation between multinational corporations and local governments in the global business environment. First, the negotiation strategy for Korea's normalization of GM management in Korea can be shifted to both the concession theory and the opposition theory depending on the situation change and the government policy centered on the cautious theory. Second, GM will maximize its bargaining power through 'brink-end tactics' by utilizing the fact that the labor market is stabilized, which is the biggest weakness of the Korean government, while maintaining a typical Win-set reduction strategy. GM will be able to restructure at any time in terms of global management strategy, and if the financial support of the Korean government is provided, it will maintain the local factory but withdraw the local plant at the moment of stopping the support. In negotiations on the normalization of GM management in Korea, it is necessary to prepare a problem and countermeasures for various scenarios and to maintain a balance so that the policy does not deviate to any one side.

• Korea Trade Review
• /
• v.47 no.4
• /
• pp.161-176
• /
• 2022

Most companies are achieving economic benefits by producing products in the form of bi-national products, but there are also negative consequences such as reduced brand power, so strategic bi-national product planning and branding is essential. In order to actively reflect these practical needs, this study conducted a comprehensive and easy-to-generalize evaluation of Bi-national products that has been somewhat underdeveloped in previous studies. To this end, the selection and evaluation criteria of the products to be investigated were differentiated. This is to classify the products by place of use and the purpose of use so that the majority of bi-national products can be included, and then use the combination to derive the specific products to be evaluated for bi-national products. The evaluation of the product identified the phenomenon of psychological conflict among consumers due to the country of origin discrepancy at the level of decreasing brand authenticity. The above research design is an evaluation method that can encompass bi-national products as a whole, rather than an evaluation of a specific product or product line that is mainly reported in previous studies, and it is also very easy to apply to practice because it allows us to more carefully identify changes in psychological attitudes.

• Journal of Korean Port Research
• /
• v.11 no.2
• /
• pp.295-304
• /
• 1997

For evaluation of maritime power, the attributes of sea power are identified in this paper by system analysis method. A many fundmental factors of sea power are selected by survey of the extensive and thorough literatures on maritime power. And the factors are classified into 11 standard attributes by cluster method. The 11 standard attributes are as follows: geographical condition, character of territory, character of the people, maritime will of the government, shipping power, navel power, shipbuilding power, fishing power, ocean research and development, dependence on seaborne trade, number of ocean population. As the sub-attributes of the standard attributes, 37 composite factors and some basic factors are defined through careful survey and discussion with some experts. As the result of this study, the maritime power is systematically identified as maritime power system. And it is realized that the evalution of maritime power system is the hybrid MADM problem with both quantitative and qualitative factors.

• International Commerce and Information Review
• /
• v.19 no.2
• /
• pp.65-84
• /
• 2017

This paper attempts to investigate FDI Trade have been viewed a power affecting economic growth in Mongolia and five Central Asian countries(Kazakhstan, Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan) directly and indirectly using the Vector Error Correction Model. The results of empirical analysis based on data from 1995 to 2015 confirmed that FDI had a significant impact on economic growth in the rest of countries expect Kazakhstan and Turkmenistan, and Trade was not statistically significant for all countries. Accordingly we've come to below conclusion in consideration of the results of the statistics survey. It is urgently required to implement the policies on promoting foreign investment at first in order to recover economic decline though the international trading is considered important in developing the economics of developing countries. Especially, the landlocked countries, namely the countries having same border should focus on promoting the development of transport and freight forwarding systems between the countries, implementing the policies on trade relationships and foreign direct investments throughout the nation in consideration of the low- level of market economic conditions.

• Journal of Korea Trade
• /
• v.25 no.2
• /
• pp.46-57
• /
• 2021

Purpose - In terms of human resource management, many Korean enterprises in China have experienced problems such as frequent resignations of Chinese employees and labor disputes. This can be mainly attributed to the fact that Chinese employees are not consistent with Korean vertical management methods, which is closely related to the national culture theory proposed by Hofstede, specifically the dimension of power distance and long- versus short-term orientation (LTO). Therefore, this research aims to investigate cultural differences between Korea and China from these two dimensions, and the impact on the human resource management of Korean-invested enterprises in China. Design/methodology - This research first utilizes the latest data (Wave 7) of the World Values Survey (WVS) to verify the difference in power distance and long- versus short-term orientation between Korean and Chinese cultures using responses from Korea and China, and then uses case analysis to analyze the impact of this cultural difference on the human resource management of Korean enterprises in China. Findings - Our main findings can be summarized as follows. Korea and China have significant differences in power distance and long- versus short-term orientation. In terms of power distance, Korean respondents show higher power distance compared to Chinese respondents. In the dimension of long- versus short-term orientation, it was found that Chinese respondents showed a shorter-term orientation, whereas Korean respondents showed a longer-term orientation. Originality/value - Previous studies put focus on the power distance and individualism-collectivism dimensions to explain cultural differences between Korea and China, and generated contradictory results. This research further confirms the cultural differences between Korea and China from the dimensions of power distance and long-versus short-term orientation using secondary data. The comparative studies from this perspective have long been underexplored and lack empirical confirmation.

• Journal of Energy Engineering
• /
• v.6 no.2
• /
• pp.129-136
• /
• 1997

This paper presents a new economic load dispatch considering atmospheric emissions such as NOx and SO$_2$caused by the operation of fossil-fueled thermal generation in power systems. The proposed method is described for scheduling their output of thermal power units so as to comply with total emission constraint, area emission constraint and the both of those constraints. Also, by using a trade-off curve, representing all dispatch alternatives and conflict between the emission and the fuel cost, the sensitivity analysis of the emission and the fuel cost is applied to this algorithm. By the way, this proposed method is analyzed how dispatch changes as a function of the total environmental cost, and as a function of the relative weighting of individual environmental insults, e.g, NOx and SO$_2$. By applying the proposed method to the system, the usefulness of this method is verified.

• Journal of KIISE:Computer Systems and Theory
• /
• v.35 no.7
• /
• pp.354-360
• /
• 2008

Power-related issues have become important considerations in current generation microprocessor design. One of these issues is that of elevated on-chip temperatures. This has an adverse effect on cooling cost and, if not addressed suitably, on chip reliability. In this paper we investigate the general trade-offs between temporal and spatial hot spot mitigation schemes and thermal time constants, workload variations and microprocessor power distributions. By leveraging spatial and temporal heat slacks, our schemes enable lowering of on-chip unit temperatures by changing the workload in a timely manner with Operating System (OS) and existing hardware support.

• Korea Trade Review
• /
• v.43 no.6
• /
• pp.93-112
• /
• 2018

Lately, various nations including the U.S. and China aim to decrease air pollutants in port areas. As the number of vessels as ports increases, the volume of cargo and air pollutants emitted from vessels are also increasing. Therefore, the social responsibility of port construction, shipping companies and terminal operators is becoming important. Alternate Maritime Power(AMP) is an anti-pollution measure which helps in reducing air pollution generated from diesel generators by using shore electric power. This study compares the AMP tariff and Bunk Fuel tariff at berth in order to determine how to operate an efficient offshore power supply facility in Gwangyang Port.