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This study is also associated with corporate performance and exchange rate volatility, and the objective lies onanalyzing field case studies on currency risk management targeting the representative companies by industrieswith high external transaction ratio. Actual cases of currency risk management on the representative companies by business types such asautomotives, heavy industries, shipbuilding and oil refinery predicting considerable correlation between theexchange rate volatility and the corporate performance due to high proportion of foreign transaction have beenanalyzed by trend during the IMF crisis until now on foreign currency transaction type, currency risk hedgeproducts, foreign currency asset management and procurement. Firstly, repeated deterioration of profitability was shown in the corporate foreign currency asset procurement andmanagement by mostly relying on external market conditions with post-procurement and management system. Secondly, companies have been poor systematic approach in performing foreign exchange risk management fora long period of time. Ratio of the amount of average foreign currency translation loss relative to current netincome showed 16% including the currency rate rising period, the IMF period and the global credit crisis, and inparticular, it showed 41.3% for the oil refinery business, 17% for the shipbuilding business respectively. Thirdly, the derivatives transactions for currency risk hedges were analyzed to be mostly for the purpose ofavoiding risk hedges related to cash flow and price fluctuation on imported raw materials, and the averageprofit and loss due to derivatives transactions showed 2.7 billion with the ratio of 1.0% level relative to thecurrent net income. Fourthly, in the analysis result for profit contribution due to foreign currency transaction of currency hedgepurpose the average corporate foreign exchange gains showed 93.3 billion net loss with the ratio of average 12%level relative to the current net income.

For the last decade, convention industry in Busan has been rapidly growing in the number andsize of conventions and events the city has hosted. It is still not answered, however, whether itsthis noticeable performance has been reinforcing the growth of local convention industry. Sincemany big-size (or mega) events in Busan have been organized mostly by Seoul-basedPCOs(Professional Convention Organizers), it is argued that the effect of convention andexhibitions on local economy is very limited. To answer this inquiry, we focus on the supplychain of a convention, or what sequential activities a PCO performs to complete its service. Wedo LQ (Location Quotient) analyses on convention-related industries to see how specialized Busanis in them. In many convention-related industries Busan's LQs are not greater than 1, indicatingthat convention service providers or supply-side infrastructures are not well developed in Busan asin Seoul-capital area. In LQ of college students who major in convention and exhibition studies,Busan shows the second highest LQ (=2.87), indicating that Busan has big stock of potentialconvention specialists. Overall LQ analyses show that the city is experiencing a low degree ofspecialization in the industry while a high degree in specialized labor provision, which reveals aserious mismatch between supply and demand in convention manpower. It manifests itself thatBusan needs an active industrial policy to support local convention-related industries.

The purpose of this study is to examine the Causality Relationship between Strategic ExportPromotion Policy and Dynamic Comparative Advantage in Korean trade. We use paneldata of korea trade in medium-technology products. In order to test whether panel data arestationary or non-stationary, we carry out unit root test. And we use panel VAR modeand analyse panel Granger causality between net export abilities and dynamic comparativeadvantages. The empirical results indicate that there is a Granger causal relationship runningfrom comparative advantages to the net export abilities in the korea medium technologyand engineering and all medium technology products. The results suggest that the dynamiccomparative advantages in the Korea medium technology products can not be created bystrategic export promotion policy.

The objective of this study is to demonstrate the relationship of entrepreneurial orientation, absorptive capacities, and new product development. To achieve this objective, this study reviews the literatures about entrepreneurial orientation, absorptive capacities, and new product development. This study suggests that entrepreneurial orientation is positively related to absorptive capacities and absorptive capacities have a positive relationship with new product development. To validate this hypothesis, the survey questionnaire was developed by reviews of existing literatures and experts opinions. The data used in this study was collected from Korea exporting firms and the main method is PLS(Partial Least Square). The results are as follow. First, we empirically found that proactiveness and innovativeness have an effect on absorptive capacities. Also absorptive capacities are positively related to new product development. Second, Absorptive capacities partially mediated the relationship between entrepreneurial orientation and new product development.

This research analze the level of the intellectual property protection in China on the tradevolume of Korea. As the main result we found that the higher level of protection of China,the bigger internal and external trade volume. This resut means that the strengthening ofintellectual properties in China will have positive effects on the trade between China andKorea. If the China want to maxmize the positive effect of intellectual properties protectiion,China have to set up their intellectual property protection properly. This kind of China'spolicy will result a great gains from trade between China and Korea. Because Korea is oneof the most important trade partner of China. China's intellectual property protection policywill be important factor of determination of Korea's trade policy.

Under globalization, intensifying competition of the port industry accelerated advancementfor Korean harbor business, answering the current of the times. In line with the trends ofmechanization, scale-up and automation in advanced ports, efficiency improvement has beenthe focus of attention. In accordance with the implementation of the sweeping harborcommercialization since Jan. 2007, the system of port labor supply has encountered drasticchange. As a result, it will affect to the labor market of port cargo handling and to theworking conditions of stevedoring laborers. Thus, this study carried out empirical analysis upon surveys of labor conditions withinfluence to quality of port laborer's life in Busan harbor before/after port commercializationas per changes of the system of port labor supply. In order to attain the goal of this study,Analytic Hierarchy Process(AHP) was applied to draw the priority and the importance inlabor conditions, and satisfaction analysis was carried out to measure the change in thesatisfaction of the labor environment after port commercialization. With analyzed results, we hope that this study could be used as a basis information ofrational and efficient proposals in labor conditions as per port commercialization to beimplemented nationally in the future.