• Journal of Korea Trade
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• v.25 no.1
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• pp.34-46
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• 2021

Purpose - This paper aims to analyze the impact of the terms of trade, export price, and import price on the Korean economy (that is, real GDP, CPI, money market rate, and real effective exchange rate), and vice versa in the simple vector autoregression. Design/methodology - We impose two assumptions, i.e., diagonality and bloc exogeneity, to correctly identify the impact of a factor to the others in the structural equation. With two contemporaneous assumptions in the structural VAR, this paper investigates the impacts of the terms of trade on the Korean economy and vice versa. Findings - Impulse responses to the shocks in the terms of trade and Korean economy show that 1) an impact of the terms of trade on the economy is different in export prices and in import prices. A higher export price is beneficial to the economy while a higher import price hurts the economy, and 2) an increase in real effective exchange rate and in interest rate constrains domestic production and lowers consumer prices. Originality/value - Unlike the conventional perception that a depreciation of a currency would promote exports and domestic production at the price of inflation, our result shows the opposite, and 3) real GDP and consumer prices are positively correlated. That is, an increase in real GDP does not only cause inflation, but an increase in consumer prices also promote domestic production. Yet, the only difference is that export prices and import prices end up higher with an increase in real GDP, but lower with inflation.

• Journal of the Korea Society of Computer and Information
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• v.28 no.8
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• pp.155-164
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• 2023

This study analyzes and verifies the relationship between job satisfaction by factor, organizational commitment, job satisfaction, and overall job satisfaction of working-age workers using a structural equation model. The research data used the 24th data of the Korean Labor and Income Panel Study. The subjects of the study were 8,024 workers in the production age of 15 to 64 as of 2021 among 9,132 people who correctly marked the values of the observation variables. As a result of the study, it was found that job satisfaction by factor had a positive impact on organizational commitment, job satisfaction, and overall work and job satisfaction. In addition, organizational commitment and job satisfaction were found to have a positively significant effect on overall work and job satisfaction. These results emphasize the importance of understanding and solving the unique problems faced by various types of workers in the labor market, ultimately providing important implications for organizations and policy makers to provide workers with an efficient working environment.

• Journal of Digital Convergence
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• v.12 no.4
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• pp.11-20
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• 2014

Recently K-POP's popularity and the success story of 'Psy' suggests that Korean Culture can get the possibility of entry into the global major market. Increasing the purchasing power of global contents distribution also shows that the delivery of cultural content can be a big business model to create economic benefits. However, for sustainable diffusion of Korean culture, we need efforts to expand the business scope to the global market like the establishment of global distribution platform. In this study, we investigated key factors for activating the global content distribution and then analyzed priority of importance of the factors to be utilized the strategic alternatives using AHP method. To ensure the reliability of the study, experts (30patients) who worked more than 10 years of relevant work were included as population of the questionnaire. The results of analysis, the relative importance of content aspects were higher than technical aspects and policy aspects. In the analysis of the importance of the second layer factors, the business models of policy aspects were analyzed as a factor of top priority, then high-quality content production was selected as an important factor of the next higher ranks.

• The Korean Journal of Franchise Management
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• v.9 no.4
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• pp.7-19
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• 2018

Purpose - Recently, global management in Korea franchise industry is becoming an important keyword. As an important branch market, Chinese market plays a major role not only by making experience of the competitiveness among global brands which offers a foothold to become a top global brand, but also by actualizing an economies of scale in production, sales, etc. Therefore, it is necessary to identify key successful factor influencing customer evaluation and responses of Korean franchise restaurant targeting Chinese consumers in China context. The purpose of this study is to examine the effects for Korean franchise restaurant selection attributes on perceived value, customer satisfaction and customer loyalty in Chinese context with SmartPLS 3 and Artifical Neural Network(ANN). Research design, data, and methodology - For these purposes, the authors developed several hypotheses. A questionnaire survey was conducted on the panel of online survey companies for Chinese consumers who have visited Korean franchise restaurants. A total of 404 data were analyzed using structural equation modeling(SEM) and artifical neural network(ANN) with SPSS 22.0 and SmartPLS 3.0. Result - The findings of this study are as follows: First, the alternative model findings show that facilities & atmosphere, employee service, and menu influenced on utilitarian value, customer satisfaction, and customer loyalty directly. Second, employee service influenced on customer satisfaction. Third, menu influenced on hedonic value. Fourth, brand reputation influenced on utilitarian value. Fifth, hedonic value increase customer satisfaction and customer loyalty. Sixth, hedonic value increase customer loyalty. Seventh, customer increase customer loyalty. And, the ANN analysis shows that utilitarian value is the first most important factor influencing customer satisfaction, followed by hedonic value, facilities & atmosphere, menu and employee service. However, the ANN analysis shows that customer satisfaction is the first most important factor influencing customer loyalty, followed by utilitarian value, hedonic value, brand reputation, menu, and employee service. Conclusions - This study provides practical implications for enhancing customer satisfaction and customer loyalty by applying the ANN technique that complements the limitations of the linear structural relationship analysis using the proposed model and the alternative model. In other words, the SEM-ANN model provides guidelines on how Korean franchise restaurants should formulate facilities & atmosphere, employee service, and menu mix strategies in China. In addition, ANN 's analysis shows that restaurant brand reputation plays a pivotal role in increasing customer loyalty. The fact suggests that Korean franchise companies should establish their domestic brand reputation prior to their entry into overseas markets such as China.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.3
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• pp.90-103
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• 2022

The purpose of this study is first to understand whether technology innovation capability, which is considered an important factor in the Root companies, directly affects the business performance of the company. Second, it was attempted to determine whether internal resources deemed necessary for a company's continuous competitive advantage and excellent business performance play a mediating role in the technological innovation capability of the Root companies and the business performance. The implications of this study derived from the research results are as follows: Among the elements of technology innovation capability, R&D capability, positively affects both financial and non-financial performance. It was confirmed that the investment ratio could positively affect financial performance such as sales, market share, and yield, and non-financial performance such as corporate image, employee satisfaction, and productivity. Among the factors of technology innovation capability, the technology innovation system positively affects both financial and non-financial performance. Therefore, it can be said that securing rights to owned technology, establishing technology and funding, efficient use of resources, etc., affects financial performance such as sales or market share of a company, and affect the company's production capacity, image, and employee satisfaction. It has been verified that internal resources, including financial, physical, and human resources, can mediate between the three elements of technology innovation capability and corporate financial and non-financial performance.

• Clean Technology
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• v.28 no.1
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• pp.9-17
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• 2022

Electrochemical carbon dioxide (CO₂) reduction technology, one of the promising solutions for climate change, can convert CO₂, a representative greenhouse gas (GHG), into valuable base chemicals using electric energy. In particular, carbon monoxide (CO), among various candidate products, is attracting much attention from both academia and industry because of its high Faraday efficiency, promising economic feasibility, and relatively large market size. Although numerous previous studies have recently analyzed the GHG reduction potential of this technology, the assumptions made and inventory data used are neither consistent nor transparent. In this study, a comparative life cycle assessment was carried out to analyze the potential for reducing GHG emissions in the electrochemical CO production process in a more transparent way. By defining three different system boundaries, the global warming impact was compared with that of a fossil fuel-based CO production process. The results confirmed that the emission factor of electric energy supplied to CO₂-electrolyzers should be much lower than that of the current national power generation sector in order to mitigate GHG emissions by replacing conventional CO production with electrochemical CO production. Also, it is important to disclose transparently inventory data of the conventional CO production process for a more reliable analysis of GHG reduction potential.

• Journal of Cadastre & Land InformatiX
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• v.52 no.2
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• pp.121-135
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• 2022

The purpose of this study is to explore the convergence sector of the spatial information industry based on the business transaction data of spatial information companies and to predict the market size of the industry using the Seemingly Unrelated Regression(SUR) model. The convergence part of spatial information industry, which cannot be identified in the Spatial Data Industry Survey, was analyzed by exploring keywords related to spatial information using the business DB of Korea Enterprise Data (2010-2019). The convergence of spatial information businesses mainly appeared in the business relationship between the value chain between Seoul and Gyeonggi Province. The convergence business has the largest sales in the value chain 2 (utilization, service) & 3 (convergence), and also the convergence in the value chain 1 (production, construction) & 2, 2 & 3 stages has doubled in 2019 compared to 2010. In 2019, the total sales of the spatial information industry based on the Statistical Korea were announced at about 8 trillion won, but in this study, the total sales of the spatial information industry were estimated at 28 trillion won considering convergence activities. Finally, when scenario 1 (0.38% population growth, 2020-2024) and 0.07% (2026-2030) were applied using the SUR model to predict the expected market size of the industry, sales decreased by -0.37% to 0.069% in 2025 and 2030 by respectively. When scenario 2 (average wage growth 1.2%) was applied during the same period, sales in the industry increased by 2.326% to 12.185%. In other words, the sales in the spatial information industry depends on Labor, Total Factor Productivity, and Capital Productivity so it is necessary to additional research on policy development and alternatives of enhancing each productivity.

• Journal of Korean Institute of Industrial Engineers
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• v.34 no.1
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• pp.108-121
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• 2008

Dispatching rule for parallel machines with multi product is proposed in this paper, In current market,customer's request for higher quality is increasing, In accordance with such demand, manufacturers are focusingon improving the quality of the products. Such shift in production objective is risky. The possibility ofneglecting another important factor in customer satisfaction increases, namely due dates. From the aspect ofimproving quality, frequency of product assignment to limited number of high performance machines willincrease. This will lead to increased waiting time which can incur delays, In the case of due date orientedproduct dispatch, Products are assigned to machines without consideration for quality. Overall deterioration ofproduct quality is inevitable, In addition, Poor products will undergo rework process which can increase delays.The objective of this research is dispatching products to minimize due date delays while improving overallquality. Quality index is introduced to provide means of standardizing product quality. The index is used toassure predetermined quality level while minimizing product delays when dispatching products. Qualitystandardization method and dispatching algorithm is presented. And performance evaluation is performed withcomparison to various dispatching methods.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.33 no.5
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• pp.334-342
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• 2009

Trends in the automotive market require the application of new engine technologies, which allows for the use of different types of fuel. Since ethanol is a renewable source of energy and has lower $CO_2$ emissions than gasoline, ethanol produced from biomass is expected to be used more frequently as an alternative fuel. It is recognized that for spark ignition (SI) engines, ethanol has the advantages of high octane number and high combustion speed. Due to the disadvantages of ethanol, it may cause extra wear and corrosion of electric fuel pumps. On-board hydrogen production out of ethanol is an alternative plan. This paper investigates the influence of ethanol fuel on SI engine performance, thermal efficiency and emissions. The combustion characteristics with hydrogen-enriched gaseous fuel from ethanol are also examined. As a result, thermal efficiency increase compared to gasoline. Also, reductions in $CO_2$, NOx, and THC combustion products for ethanol vs. gasoline are described.

• Proceedings of the Korean Society for Technology of Plasticity Conference
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• 2005.10a
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• pp.373-376
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• 2005

In recent years, there has been a growing need fur productivity improvement of ACS wire (Aluminum clad Steel wire) In optical communication market. So, it is necessary to improve the production speed and following quality of ACS wire to reduce the unit cost of the products. In this study, the pre-heating temperature and cladding speed is chosen as the factors can influence the mechanical and metallurgical properties during cladding, and the changing behavior of mechanical property and microstructure by controlling above two factors are investigated. And the bearing length and approach angle in cladding die are selected as the important elements for designing optimum die enabling high speed cladding. So we carried out FE(Finite Element) analysis using the above two elements as variables. This paper aims to understand the change of mechanical properties and microstructure according to the change of each factor during cladding and suggest the optimized cladding condition to get the best quality of OPGW. And also we would like to introduce the optimum die structure that enables high-speed cladding.