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An Exploratory Study on the Characteristics of the 'Global Unicorn Club' and the Factors Influencing its Valuation: Focusing on the 'Unicorn Club' in 2019 ('글로벌 유니콘 클럽' 기업의 특성 및 기업가치 영향 요인에 대한 탐색적 연구: 2019년 '유니콘 클럽' 기업을 중심으로)

  • Lee, Young-Dall;Oh, Soyoung;Yoon, Yoni
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.6
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    • pp.1-26
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    • 2020
  • The term 'Unicorns' in the corporate ecosystem was firstly introduced by Aileen Lee in 2013. It has been actively discussed in South Korea particularly to compare the level of the 'start-up ecosystem' from a global perspective. Accordingly, the Korean government has recently set a policy goal 'to nurture 20 Korean unicorn companies by 2022'. While the phenomenon of 'Unicorn Club Company' has been brought to the level of policy objectives and spread more widely to the public, existing academic research to understand its substantial and underlying implications has been insufficient. First, in this study, the characteristics of 479 'Unicorn Club' companies in 2019 were analyzed in-depth. Previous research has focused on the general status and trend by analyzing the number of unicorn companies by country and industry classifications. However, this study conducted a qualitative exploratory analysis by investigating descriptive statistics about unicorn companies, including their investors, while providing case studies. Also, cluster analysis, ANOVA, and multi-level regression were employed for quantitative exploration. The characteristics of individual companies were examined based on the "ERIS Model (Entrepreneur - Industry(Market) - Resource - Strategy Model)". Secondly, factors influencing its valuations were examined in connection with the previously analyzed characteristic variables and investor characteristics. Finally, based on these, the future direction of the "Unicorn Phenomenon" from the perspective of "Enterprise Ecosystem" and productively using it from the perspective of the public policy is suggested.

Study on Policy Improvement Measures for Companies Residing in Industry-academia Convergence zone (산학융합지구 입주기업 정책 개선방안 연구)

  • Yu-Bok Choi
    • Journal of Digital Convergence
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    • v.22 no.2
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    • pp.1-9
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    • 2024
  • The purpose of this study is to verify whether companies residing in industry-academic convergence zones designated by the government are achieving policy goals and to seek policy implications and directions for improvement through analysis. For the study, business activities targeting resident companies were divided into infrastructure, business content, management, and system aspects, and business performance indicators, resident company satisfaction surveys, and differences in sales increase between resident companies and non-resident companies were analyzed through t-test. Based on statistical analysis results, performance indicators, and corporate survey analysis results, we track joint industry-academia R&D projects to maximize the effectiveness for companies, develop and operate human resources management for teams, and provide financial support for ordinances of metropolitan local governments. Improvements such as stipulation, antenna facilities at the corporate research center, and improvement of the researcher's residential environment were suggested. This study is the first to quantitatively verify policy performance targeting companies residing in industry-academic convergence zones, a large-scale government project, and future follow-up research is needed, including analysis of policy effects based on various variables such as employment indicators and corporate financial indicators.

A Study on Impact of Factors Influencing Maritime Freight Rates Using Poisson and Negative Binomial Regression Analysis on Blank Sailings of Shipping Companies (포아송 및 음이항 회귀분석을 이용한 해상운임 결정요인이 해운선사의 블랭크 세일링에 미치는 영향 분석 연구)

  • Won-Hyeong Ryu;Hyung-Sik Nam
    • Journal of Navigation and Port Research
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    • v.48 no.1
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    • pp.62-77
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    • 2024
  • In the maritime shipping industry, imbalance between supply and demand has persistently increased, leading to the utilization of blank sailings by major shipping companies worldwide as a key means of flexibly adjusting vessel capacity in response to shipping market conditions. Traditionally, blank sailings have been frequently implemented around the Chinese New Year period. However, due to unique circumstances such as the global pandemic starting in 2020 and trade tensions between the United States and China, shipping companies have recently conducted larger-scale blank sailings compared to the past. As blank sailings directly impact freight transport delays, they can have negative repercussions from perspectives of both businesses and consumers. Therefore, this study employed Poisson regression models and negative binomial regression models to analyze the influence of maritime freight rate determinants on shipping companies' decisions regarding blank sailings, aiming to proactively address potential consequences. Results of the analysis indicated that, in Poisson regression analysis for 2M, significant variables included global container shipping volume, container vessel capacity, container ship scrapping volume, container ship newbuilding index, and OECD inflation. In negative binomial regression analysis, ocean alliance showed significance with global container shipping volume and container ship order volume, the alliance with container ship capacity and interest rates, non-alliance with international oil prices, global supply chain pressure index, container ship capacity, OECD inflation, and total alliance with container ship capacity and interest rates.

A Study on the Demander's Consciousness of the National Forest Management System (국유림 경영제도에 대한 수요자의 인식정도에 관한 연구)

  • Park, Kyung-Seok;Lee, Seong-Youn;Choi, Soo-Im;Kim, Hyun-Sik;Jeong, Se-Myong;An, Ki-Wan
    • Journal of Korean Society of Forest Science
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    • v.99 no.3
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    • pp.380-390
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    • 2010
  • This research was conducted to investigate the consciousness of demander on National Forest Management System and to seek for solution to activate it by measuring the variables such as the extent of goal achievement on the system, the extent of importance on function of national forest, benefit for participation of the system, and the extent of importance on the system as well as the extent of demander recognition and intention of participation on the system like, Cooperative Forest Program and People's Forest Program. The target of this investigation is to categorize consumers of National Forest Management System (NFMS) into four types such as environmental organization that do not participate in the system, environmental organization that participate in the team, company to publish a white paper on environmental and local government. As a result, the intention of participation was showed in C Type (62.7%), among fields that respondents interested in participation were tree planting and forest tending (56.2%). However, the rest of the participants were reluctant participate in the NFMS due to more benefit (72.2%) of corporate social responsibility from other fields than those from the field utilizing forestry. If only, diverse facilities related to national forest and active supporting policy are provided by Korea Forest Service, social participation using forest resources would be considered. Although 61% among A Type recognized NFMS in advance, the prime reason for not utilizing are the problems with reserving place for participates in and the inconvenience to participate in on-site. Type D shows slightly high interest in People's Forest Program (3.69). Also, it shows high interest in Forest Recreation (4.15) and Forest Reports (3.90). Particularly, it indicates that GyeongGi-Do and GangWon-Do local government prefers Forest Experience, and Cheolla, ChungCheong and GyeongSang local government prefer Forest Reports. Based on the above study, we finally suggest that legal alignment of the system, and the provision of incentive for inducement of voluntary participation by Corporate Social Responsibility (CSR), and establishment of new exclusive nongovernmental organization be able to operate the system as the solution to activate NFMS in terms of the consumer.

Carbonation Assessment of High-Strength Concrete Using Polypropylene Fiber after Fire Damage (폴리프로필렌 섬유를 혼입한 고강도 콘크리트의 화재피해 후 중성화 평가)

  • Byun, Yong-Hyun;Ryu, Dong-Woo
    • Journal of the Korea Institute of Building Construction
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    • v.20 no.3
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    • pp.235-243
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    • 2020
  • In recent years, the use of high-strength concrete has increased with increasing height and enlarging scale of the buildings However, it has been pointed out that the use of high-strength concrete is the most serious problem compared to ordinary concrete in terms of the spalling of concrete cross sections caused by fires. For this reason, fiber cocktail methods, which are made of polypropylene fibers, nylon fibers, etc., are mainly used to improve the fire resistance performance. However, the majority of research on high-strength concrete to which the fiber cocktail method was applied is mainly focused on the effect of reducing spalling, and few studies have investigated and analyzed the effect of micropores produced by melting PP fibers on the long-term durability of high-strength concrete after a fire. Therefore, in this study, the effect of micropores on the depth of carbonation was examined through carbonation tests and microstructure analysis, assuming high-strength concrete to which fiber-mixed construction method was applied, which caused fire damage.

A Study on the Development of Strength Prediction Model and Strength Control for Construction Field by Maturity Method (적산온도 방법에 의한 강도예측모델 개발 및 건설생산현장에서의 강도관리에 관한 연구)

  • Kim, Moo-Han;Jang, Jong-Ho;Nam, Jae-Hyun;Khil, Bae-Su;Kang, Suk-Pyo
    • Journal of the Korea Concrete Institute
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    • v.15 no.1
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    • pp.87-94
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    • 2003
  • Construction plan and strength control have limitations in construction production field because it is difficult to predict the form removal strength and development of specified concrete strength. However, we can have reasonable construction plan and strength control if prediction of concrete strength is available. In this study, firstly, the newly proposed strength prediction model with maturity method was compared with the logistic model to test the adaptability. Secondly, the determination of time of form removal was verified through the new strength prediction model. As the results, it is found that investigation of the activation energy that are used to calculate equivalent age is necessary, and new strength prediction model was proved to be more accurate in the strength prediction than logistic model in the early age. Moreover, the use of new model was more reasonable because it has low SSE and high decisive factor. If we adopt new strength prediction model at construction field, we can expect the reduced period of work through the reduced time of form removal.

Resistance of Chloride Penetration into High Strength Concrete Containing Mineral Admixtures according to Curing Conditions (광물질혼화재 혼합 고강도콘크리트의 양생조건에 따른 염화물이온 침투저항성)

  • Moon, Han-Young;Kim, Byoung-Kwon
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.8 no.2
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    • pp.185-194
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    • 2004
  • In recent years, construction company makes inroads into the world construction market, and receives the order of extra-large concrete structure under marine environment in south-east asia specially. At this point of time, to enhance the quality of concrete, we research the High Strength Concrete (HSC) containing mineral admixtures. In this study, therefore, HSC with various combination of ordinary portland cement(OPC), blast-furnace slag(SG), silica fume(SF), and expansion admixture(SS) are cured 23 and $35^{\circ}C$ considering the site weather, and are cured in water for 3, 7 or 56 days respectively. Test results show that the HSC cured at $35^{\circ}C$ gains higher early-age strength but eventually gains lower later-age strength compare with the HSC cured at $23^{\circ}C$. Especially, HSC with combination of OPC+SG+SF+SS or OPC+SG+SF show very excellent resistance of chloride penetration. The permeability of HSC was therefore enhanced as because of containing the proper content of SG, SF, and SS and making dense micro-structure of HSC.

Electrorefining Behavior of Zirconium Scrap with Multiple Cathode in Fluoride-Based Molten Salt (불화물계 용융염을 이용한 지르코늄 스크랩의 다중전극 전해정련 거동)

  • Park, Dong Jae;Kim, Seung Hyun;Park, Kyoung Tae;Mun, Jong Han;Lee, Hyuk Hee;Lee, Jong Hyeon
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.13 no.1
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    • pp.11-19
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    • 2015
  • The production of nuclear fuel cladding tube is expected to increase with the nuclear power plant expansion. Zirconium(Zr) scrap that is generated during manufacturing is also expected to increase. Zr electrorefining experiment was carried out in the fluoride salt of LiF-KF-ZrF4 using multiple electrode for scale up and improving throughput Zr electrorefiner develop-ment. The Zr reduction peak observed at-0.8 V(vs.Ni). Polarization behavior showed that the amount of applied current increases because of decreasing cell resistance as the number of cathode increases. Experimental results showed the highest recovery rate about 98% at lowest current density of 25.64 mA/cm2 using 6 electrodes. XRD and TG analysis result show that pure Zr was recovered 99.92% and ICP analysis shows that lower impurity content than conventional impurity content of the Anode(97.8%). Electrorefining consumes energy about 7.15 kWh/kg less than 39.7% compared to the Kroll process using 6 electrode width of 20 mm and height of 65 mm. Because of increasing cell efficiency and recovery rate, using multiple cathode is determined as an efficient technique for scale up electrorefining Zr scrap.

Decision of Optimized Mix Design for Lightweight Foamed Concrete Using Bottom Ash by Statistical Procedure (통계적 방법에 의한 바텀애쉬를 사용한 경량기포 콘크리트의 최적배합 결정)

  • Kim, Jin-Man;Kwak, Eun-Gu;Cho, Sung-Hyun;Kang, Cheol
    • Journal of the Korea Concrete Institute
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    • v.21 no.1
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    • pp.3-11
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    • 2009
  • The increased demand and consumption of coal has intensified problems associated with disposal of solid waste generated in utilization of coal. Major utilization of coal by-products has been in construction-related applications. Since fly ash accounts for the part of the production of utility waste, the majority of scientific investigations have focused on its utilization in a multitude of use, while little attention has been directed to the use of bottom ash. As a consequence of this neglect, a large amount of bottom ash has been stockpiled. However, the need to obtain safe and economical solution for its proper utilization has been more urgent. The study presented herein is designed to ascertain the performance characteristics of bottom ash, as autoclaved lightweight foamed concrete product. The laboratory test results indicated that tobermorite was generated when bottom ash was used as materials for hydro-thermal reaction. According to the analysis of variance, at the fresh state, water ratio affects on flow and slurry density of autoclaved lightweight foamed concrete, but foam ratio influences on slurry density, while, at the hardened state, foam ratio affects on the density of dry and the compressive strength but doesn't affect on flexural and tensile strength. In the results of response surface analysis, to obtain target performance, the most suitable mix condition for lightweight foamed concrete using bottom ash was water ratio of 70$\sim$80% and foaming ratio of 90$\sim$100%.

Construction EC Strategy Model and Improving Fields for Global EC Transition (건설 EC화 활성화를 위한 상품별 전략모델 및 개선분야)

  • Jang, Hyoun-Seung;Ock, Jong-Ho;Koo, Bon-Sang
    • Journal of the Korea Institute of Building Construction
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    • v.11 no.2
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    • pp.145-153
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    • 2011
  • Since the early 1990s, Korean construction companies have strived to evolve into global Engineering Construction (EC) companies. However, such efforts have been unsuccessful, partly due to a lack of clear objectives and a misunderstanding of the direction that needed to be taken for such a change. A better understanding is required with respect to the need to transform into an EC company in the context of the rapidly changing global construction environment. This research investigates major EC companies from around the world, and assesses the status of domestic companies' efforts for EC transition. The results of these investigations revealed that domestic firms need to better prioritize their strengths for different markets, i.e., decide whether to implement directly, outsource or limit to process management. In addition, the investigations showed that the global market is shifting from monolithic projects to more complex projects. Such projects require firms with the ability to develop and implement high front-end investment strategies, planning capabilities, and pre-design management skills. Accordingly, we recommend that firms differentiate themselves by developing such a skill set required for specific products.