Enterprises In Korea Research Articles

Applying Multi-objective Mathematical Programming Model for Business Planning of Eco-friendly Agrifood Processing Enterprise in Korea

Applying Multi-objective Mathematical Programming Model for Business Planning of Eco-friendly Agrifood Processing Enterprise in Korea

The impacts of rail freight rate changes on regional economies, modal shift, and environmental quality in Korea

ABSTRACTKorail is a typical government-owned enterprise in Korea and plans to raise its rail freight rates by 10–15% in order to offset the deficit in its operating costs. When this policy goes into effect, it will have an impact on regional economies of Korea. There will be subsequent effects on the environmental quality due to a shift in demand from rail to other transportation modes including road transportation. This paper attempts to evaluate the impacts of the rail freight rate policy on Korea. The policy is specifically analyzed in terms of three impacts: (i) on regional economies, (ii) on modal choice, and (iii) on CO2 emissions. A simple multi-region price input-output model and a multi-regression analysis model are employed for the analysis. This paper shows that there is no trade-off between environmental quality and economic efficiency in the case of Korail. In other words, the policy will generate a lose-lose outcome rather than a win-win situation for both regional economies and environment in Korea.

The Current Transfer Pricing Environment for Multinational Enterprises in Korea

The author, in this article, examines recent developments regarding the transfer pricing environment for multinational enterprises in Korea from the perspective of both direct taxation and customs duties.

A Study on the Problems and Implications of Export Environment of Small and Medium Enterprises in Korea

A Study on the Problems and Implications of Export Environment of Small and Medium Enterprises in Korea

Research on Korean Small and Medium Sized Component Manufacturing Enterprises’ International Competitiveness’ Enhancement under Korea-China FTA’s Effects

Korea has made China as a second domestic market, meanwhile ensured Korea’s economy new vitality and growth impetus by signing FTA with China. Some research predicts Korea’s GDP growth will add extra 0.92~1.25% by the effects of Korea-China FTA. This FTA is influencing all the enterprises in Korea. Korean small and medium-sized enterprises (SMEs) play an important role in Korea’s economic development, Technology innovation, balance of social and economic development, etc. Among these SMEs, small and medium-sized manufacturing enterprises (SMMEs) which take up 10.7% of all enterprises and 22.6% of all employees, SMMEs are Korea economy’s solid chassis. Korea-China FTA is influencing Korea’s SMEs international environment which thus changes their global competitiveness. Analyzing hydraulic cylinder enterprises case can help find advice for future competitiveness of Korean SMMEs’ future competitiveness which represents Korean’s economic competitiveness. This paper analyzed the International Environmental changes of Korea-China FTA’s Effects on Korean Small and Medium Sized Components Manufacturing Enterprises and tried to find suggestions to enhance international competitiveness for them. This paper promoted a case study of Korean hydraulic cylinder industry which is considered to be the representative of Korean component SMMEs. Then this paper made a survey to detect Korean hydraulic cylinder manufacturing enterprises’ basic conditions, import & export status, international environmental changes, major errors and current international competitiveness compared to national and international competitors. After the case study, the component SMMEs’ international competitiveness enhancement suggestions were deduced as follows: Firstly, Korean components SMMEs can enhance ‘China out-sourcing’ and ‘Korean out-sourcing’ to decrease their production cost. Secondly, Korean components SMMEs can enhance their differentiation advantages such as diverse small-quantity production to maintain national market and block international competitors meanwhile looking for potential foreign buyers. Thirdly, Korean components SMMEs can enhance their production management technologies, Know-how technologies, and R&D technologies, and then chalk out new ideas and programs to improve the competitiveness. Fourthly, Korean components SMMEs should avoid excessive competition, enhance cooperation, and get used to the new vertical + horizontal relationship between significant company and SMEs to obtain synergy advantage

New Legal Personhood for Social Enterprise in Korea: Issues and Alternative

New Legal Personhood for Social Enterprise in Korea: Issues and Alternative

Social enterprise in South Korea

PurposeThe purpose of this paper is to investigate the socio-economic background and development of social enterprises in Korea and identify representative social enterprise models.Design/methodology/approachThe typology used in this study focuses on the interaction between civil society, the state and the market in their efforts to solve social problems. As a result, the typology is mainly related with social goals, although the organizational form is also taken into consideration when selecting representative social enterprises in each type so as to present a broad array of developmental histories.FindingsThis paper identified four types of social enterprises: work integration social enterprises; social service provision social enterprises; regional regeneration social enterprises; and alter-economy social enterprises. These types are not immutable; another form of social enterprise might emerge to address a new social issue and lead to a new strand of similar social enterprises.Originality/valueThis study found that the goals of social enterprises in Korea share common characteristics with those of social enterprises in European countries. Another outstanding feature of Korean social enterprises is that most social enterprises other than work integration social enterprises also regard work integration or job creation for the disadvantaged people as one of their important social missions.

An analysis on Business Model Innovation in Korean firms Utilizing Korea Innovation Survey

비즈니스모델의 혁신이 한국기업에게 갖는 의미와 중요성에 비추어볼 때 국내에서 충분한 연구와 논의가 이루어지고 있지 않음에 주목하고 한국기업에서 실제 비즈니스모델의 혁신의 실태를 파악하기 위해 과학기술정책연구원의 기술혁신조사의 결과를 활용하여, 비즈니스모델 혁신의 실태를 탐색적인 수준에서 추정하고자 하였다. 분석결과, 첫째, 한국의 비즈니스 모델 혁신의 수준은 상대적으로 취약한 편이다. 둘째, 한국에서 비즈니스 모델 혁신은 주로 대기업에 의해 주도되는 측면이 강하지만, 국제적인 차원에서는 대기업의 수준도 취약한 편이다. 셋째, 중소기업의 경우에는 벤처기업을 제외하고서는 비즈니스 모델 혁신이 부재한 형편이다. 이러한 결과를 바탕으로 시사점을 정리하였다(JEL 분류 : L2, M1, O3)Considering the meaning and importance the innovation of Business model have for Korean firms, this paper tries to infer the reality of Business Model Innovation in Korean firms using the result of Korean Innovation survey and compare it with the result of international measurement. The findings are as follows. First, the level of Business Model Innovation is relatively fragile in Korean firms. Second, even though Business Model Innovations are mostly achieved by large corporations in Korea, their level is not comparable to that of international dimension. Third, there does not virtually exist Business Model Innovation for Small and medium enterprises in Korea except for venture. Based on this result, some implications are suggested for activating Business Model Innovation in Korea.

A Study on the Economic Effects of Innovative Small and Medium Enterprises in Korea: Focusing on World Class 300 companies

A Study on the Economic Effects of Innovative Small and Medium Enterprises in Korea: Focusing on World Class 300 companies

Does a Background of State-Owned Enterprise’s CEO Affect the Level of Policy Contribution and Work Efficiency?: Evidence from the Points of the Government Policy and Work Efficiency for State-owned Enterprises in Korea

Does a Background of State-Owned Enterprise’s CEO Affect the Level of Policy Contribution and Work Efficiency?: Evidence from the Points of the Government Policy and Work Efficiency for State-owned Enterprises in Korea

An Analysis of the Dividend Policy for Public Enterprises in Korea: An Application of the Dividend Decision Model for Private Firms

정부는 공공기관 배당성향 산출 기준에 객관성과 일관성을 제고하기 위하여 공공기관의 재무성과를 포함한 다양한 요인을 고려하는 배당정책 결정방식을 지난 2010년 도입하였다. 본 연구는 공공기관 배당정책의 개선 이후 공공기관의 배당성향이 민간기업과 비교하여 어떠한 수준으로 변화하였는지 살펴보기 위하여 민간기업의 배당성향 결정요인을 실증적으로 분석하고 이러한 결정요인을 정부출자 공공기관에 적용했을 때의 배당성향을 예측하였다. 855개 비금융업 민간기업의 2010년 횡단면 자료를 이용하였다. 그 결과 기업규모, 수익성, 재무건전성, 경영위험 및 성장성이 배당성향에 영향을 미치는 것으로 나타났다. 추정결과를 바탕으로 24개 공공기관의 배당성향을 예측한 결과, 현재 공공기관의 평균 배당성향은 민간기업보다 낮게 결정되고 있음을 보였다. 기관별로 살펴보면, 14개 기관에서 예상 배당성향이 실제 배당성향보다 높게 추정되었으며 9개 기관에서는 반대의 경우가 예측되었다. 또한 공공기관은 민간기업과는 다르게 배당성향의 결정에 있어 기관의 특성과 재무상황을 반영하지 못하고 있는 것으로 나타났다. 특히 자본규모가 큰 SOC 공기업과 에너지 공기업의 배당성향이 민간 기업에 비하여 낮게 결정되는 구조적인 문제가 존재하였다.This paper compares the dividend policy of state-owned enterprises with that of private firms in Korea. It estimated the determinants of private firms dividend policy using the cross-section data of 855 firms. The results show that the size, profitability, operation risk, growth rate affected the dividend policy of private firms. Then estimation coefficients were used to simulate the dividend ratio of 24 state-owned enterprises. The simulation results found out that the actual average dividend ratio was lower than the predicted average dividend ratio. It implies that private firms tended to pay relatively higher dividend to their shareholders, and that the dividend policy of state-owned enterprises were not closely related with their financial status and characteristics. Especially, the predicted dividend ratio was estimated higher than the actual dividend ratio in SOC and energy industry.

An Empirical Study on Structuration and Sustainability Factors of Social Enterprises in Korea

An Empirical Study on Structuration and Sustainability Factors of Social Enterprises in Korea

An Empirical Analysis of External Environmental Factors Influencing the Financial Performance of Local Public Enterprises in Korea ：Focusing on Urban Development Corporations

An Empirical Analysis of External Environmental Factors Influencing the Financial Performance of Local Public Enterprises in Korea ：Focusing on Urban Development Corporations

Relationships Between Entrepreneurship, Community Networking, and Economic and Social Performance in Social Enterprises: Evidence from South Korea

ABSTRACTThe significant demand for obtaining economic and social performance presents an increasing challenge to the social enterprise community. This study examined the relationships of entrepreneurship, community networking, and economic and social performance in social enterprises using a sample of 235 social enterprises in Korea. Entrepreneurship was positively associated with economic performance; however, an indirect relationship between entrepreneurship and economic performance through community networking was not found. Entrepreneurship was positively associated with social performance through community networking and was not directly associated with social performance. Economic performance was positively associated with social performance. Implications for sustainable social enterprises are discussed.

Determinants of Capital Structure of High Potential Enterprises of Korea

Determinants of Capital Structure of High Potential Enterprises of Korea

Functional and Institutional Creation of Social Enterprise in Korea, 2009-2015

Functional and Institutional Creation of Social Enterprise in Korea, 2009-2015

Factors Influencing the Sustainability of Social Enterprises in Korea: Application of the QCA Method

The unemployment rate is not improving in Korea, income disparity between the rich and the poor is growing, and a high percentage of young university graduates have no jobs (the employment rate is approximately 58% as of 2014). Demands by ordinary people for employment and for more social welfare are getting strong and serious. Against this background, social enterprises in Korea began as a means of solving the problem of unemployment among vulnerable social groups, in particular and expanding the supply of social services. Since 2007 when The Social Enterprise Promotion Act that was established, the number of social enterprises has been constantly increasing at a slow but steady rate, and as of December 2014 there were 1251 in total. However, criticisms have been made as to the sustainability of social enterprises for failing to continue operation, or reducing in size once the benefits and government aid they receive as certified enterprises come to an end. This paper aims to investigate the factors influencing the sustainability of social enterprises in Korea, and to put forward theoretical and policy implications on how to enhance the sustainability of social enterprises.

A Study on Policy effects on Boosting R&D Intensity of Domestic Companies

Background/Objectives: A variety of R&D policies for small businesses are being implemented, but R&D investment of small businesses is extremely weak. The aim of this study is to find the causes for this and to suggest effective policies. Methods/Statistical Analysis: To find the causes for weak R&D investment of small companies, a survey was conducted with 300 small companies, which had invested in R&D from 2012 to 2014. For this survey, structured questionnaires were distributed and there was an interview using telephone and fax from August 19th to September 22nd 2015. Also, a survey was conducted with 829 of 1,675 mid-sized companies that belong to the Association of High Potential Enterprises of Korea and 102 effective responses were analyzed. Findings: The rate of R&D success in the small companies that received government support was 59.2%, but it was mostly focused on performance or quality improvement. At every stage, the companies considered insufficiency of funds and complex administrative procedures as major failure factors. They preferred funding and prototype production support as the most required policies. On the contrary, the mid-sized companies showed a lot of demands for professional manpower, facilities and equipment purchase support. This demonstrates there is a need to offer opportunities for joint use of specialized test equipment’s. Application/Improvements: This study has big significance by studying the demands of the companies, but further research would need to observe if the policies suggested serve as continued growth engines.

공기업 다면평가의 타당성과 신뢰성 분석

공기업 다면평가의 타당성과 신뢰성 분석

Performance of New Ventures in Korea: Modeling Product and Process Improvements Based on Choice of Foreign Market Entry Mode

The purpose of this study is to analyze if product or process improvement play mediating roles in the performance of new ventures in Korea from a resource-based view. It further examines whether there is a difference between the non-equity entry mode and equity entry mode of a foreign market. In accordance with this purpose, data were collected from surveys on venture enterprises in Korea and analysis was done using a structural equation model. The results of this study found that innovation (product and process improvement) is affected by internationalization, entrepreneurship, and hostile environment. SMEs and/or new ventures (NVs) tend to make efforts to improve their products in order to create competitive advantage in their target markets when they advance into new foreign markets. Entrepreneurship was verified to be a vital factor in innovation. The hostile environment of a foreign market was found to have a significant effect on process improvement. Analysis showed that innovation played a partial mediating role between independent variables and management performance. In addition, structural relationship among them exhibited partial differences depending on the foreign market entry mode.