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Korea`s financial crisis in 1997, which called for IMF`s emergency rescue package, enforced the state-run Korea Power Electric Company (KEPCO) to face with unprecedented challenge: deep fall in domestic electricity demand; difficulty in mobilizing funds from international financial market; and sharp increase in import costs of fuels and investment goods. The author recommends the followings to deal with KEPCO`s above challenges i) reduction of subsidiary companies; ii) reengineering of KEPCO`s functional and organizational structure; iii) readiness to accept competition in electricity market; iv) expansion of KEPCO`s exposure in world energy market; v) restructuring of product pricing system; vi) optimum mix of fuels for power generators; and vii) decomposition of KEPCO`s organization into autonomous and mutually competing operational departments.

As a result of this study, wage equity and job satisfaction of each group are differences in the contribution of the factors such as sex, age, education, seniority except ability and performance between practicing annual salary system employees and not. And correlation between wage equity and job satisfaction differences are statistically significant. Most of employees perceive that their companies consider their seniority the most important factor in deciding their wage, and their ability and performance not so important on the contrary. In reality they want their companies to consider their ability and performance highest in deciding their wages, seniority secondly, education and age. This fact explains that employees hope that their wage increase should be decided mainly by their performance.

China stock market has been known as one of the recently emerging markets in the world. To understand China stock market system and situation, qualitative analysis based on the statistics data of China stock market(Shanghai & Shezhen Stock market) throughout literature research study was used. In spite of short history of China stock market, there has been a big change recently in scale and contents. Stock, national bonds, financial bonds, warrants and funds were listed and traded in Shanghai and Shezhen Stock market. It has also many problems. For example, lack of regulation, disorder of administration, excessive speculation, etc.

This report shows that we analyze our investment into China to detail, find out the difficulties and problems which our companies there face, work out the right way to deal with them, and help them to invest in this area successfully. Considering parent companies not controling their subsidiaries efficiently, we try to work out a way to deal with effective investment strategies by analyzing the uncertainty of China market, unique transactions between them, mutual dependence, and controlling systems. Korean companies` subsidiaries in China does not keep trade relationships with China companies but their parent company when they purchase materials, parts, services etc. In this regard, Korean companies there contrast sharply with other foreign companies. This investment strategy contributes to the increase of Korean export to China. The above mentioned strategy helps them strengthen the development of high-technologies when our industries is being under restructuring.

This study attempts to take a close look at the nature of MAI and suggest government reaction. The primary goal of MAI is to set contestable market by removing all restriction and barriers in trade and investments. MAI deals with mandate, definition and scope of investments investment protection, treatment of investors/investment, dispute settlement, accession of non-OECD member countries exceptions, safeguards and reservations. New agreement in these parts will bring dramatic impacts in almost all Korean industries. In responding to this powerful environmental change in Korea economy, government must design strong policies for Korean firms to effectively improve their completive advantages under the true borderless world.

This study hypothesizes that one role of accounting accruals is to provide a measure of short-term performance that more closely reflects expected cash slows than do realized cash flows. The results are consistent with this prediction. Over short measurement intervals earnings are more strongly associated with stock returns than are cash flow from operations and net cash flow. The ability of cash flow from operations and net cash flow to measure firm performance improves relative to earnings as the measurement interval is lengthened. Earnings have a higher association with stock returns than cash flow measures in firms experiencing large changes in their working capital requirements and aggregate accruals are large in absolute value. In addition, this study predicts that the length of the operating cycle is an underlying determinant of the variability of working capital and hence cross-sectional variation in cash flow from operations`s association with stock returns. The empirical results imply that the length of the operating cycle is a determinant of the variability of working capital. But earnings do not better reflects firm performance than cash flow from operations for firms in industries with long operating cycles.

The insurance brokerage system was developed in the United Kingdom and USA. However, it is essential to introduce insurance brokerage system in Korea due to the liberalization of Korean economy with the settlement of UR Agreement and joined OECD. This purpose of this paper is to survey and compare the international insurance brokerage system between Korea and developed countries. To do this, we first analyse insurance brokerage system for USA, United Kingdom and Japan. Second, we analyse and compare each countries system with Korea, and finally we present the solutions for the introducing brokerage system to Korea.

This study focuses on a feature of target cost management. simultaneous engineering. This study tested the relationship of environmental factors to interactive control in the product development. As a environmental factors, pressure of cost reduction, frequent technical innovation, the timely introduction of new product were selected. To test interactive control in the product development, five departments (product planning, product developing, sales, production engineering, and purchasing) were selected. And as a linkage between departments in product development process, the degree of cost information usage was measured. The major findings of this study are i) under pressure of cost reduction, product planning department manger was significantly involved in product planning phase, ii) unfrequent technical innovation, product planning department manager was significantly involved in detailed design phase, and iii) when the timely introduction of new product is a key success factor, product planning department manager was highly involved in product planning phase.

This Study has observed the influence of green advertising on the attitude of consumers in relation to its message effect. The analysis has been conducted in the perspective of awareness-emotion-behavior targeting housewives based on the message structure of the advertising(conclusion omission type/conclusion offer type). Results of the analysis are as follows : Green advertising was more effective for the attitude toward advertising and products than non-green advertising and in the case of high involvement the conclusion omission message was more effective than the conclusion offer message.

The Purpose of this study is to prepare our financial industry, which is under the weather of the IMF bailout situation, for the boundless competition with the advanced financial institutions, enhance the competitiveness of out domestic financial institutions, and seek the ways to grow and progress. It seeks for the basis of financial environment changes and financial industry and provide financial marketing strategy of this country with the focus on database marketing strategy. In detail, it provides the establishment of database system in the corporate level, operation of cross selling strategy, enhancing the customer loyalty by utilizing the internet and strategy with the telemarketing strategy with the telemarketing.

In this paper, university hospitals, general hospitals/hospitals, private clinics, Chinese medicine hospitals and clinics in Seoul, Metropolitan Inchon, Kyunggi-do were probed to find out how the variables of service task factor are related to customer satisfaction, and to find out the determinants of medical service task through statistical analysis. The findings are as follows ; First, service task factor has a significant relationship with the customer satisfaction. Second, the variables that significantly influence customer satisfaction are in the order of time, tangible quality, cost, and managerial skills. Third, the relationship among tangible quality, flexibility, time and customer satisfaction can be said to be influenced by the levels of service expectancy. Fourth, the result shows that in terms of tangible quality, flexibility, cost, managerial skills, university hospitals were rated higher than private hospitals. However, in terms of time, private hospitals were rated higher.

Paul Hersey and Kenneth Blanchard proposed a situational theory of leadership. According to the theory, degrees of task orientation and relationship orientation must be examined in conjunction with the dimension of follower maturity to account for leader effectiveness. The present study involved 306 salesmen and 34 sales managers, who represented 6 fire and marine insurance companies in Korea. The findings are as follows ; Situational theory of leadership was most strongly supported in the high maturity condition. Employees who have much task-relevant knowledge and commitment should require less structuring on the part of their supervisor. For low maturity employees, the theory appears to be unable to predict. Perhaps the theory needs to be rephrased to accommodate low maturity types.

This study investigates the Connective Leadership Model by Jean Lipman-Blumen and its characteristics of accomplishment styles, and presents jaxta positions taken from Jesus style leadership which will eventually suggest a true model of Connective Leadership and practical charts for future leaders. The Connective Leadership Model presents to today`s Korean Society the ideal and imperative paradigm of leadership which is borne out of humility and true sacrifice as in the case of Jesus. Jesus can be seen as the timeless mentor and leader in many instances in the Bible.

Since the annual salary system is introduced by a way of management strategy for surviving the unlimited competition era under the IMF system, this research is undertaken for the purposes of providing the plans that would facilitate the annual salary system and resolves the shortcomings of the annual salary system. Although the annual salary system is an innovative wage control system that may improve the high-cost low-efficiency mechanism, an undue competition by the overly aggressive employees may result by doing away from the employee spirit when the assessment of credibility and fairness lacks. This study is aimed at enhancing the managerial efficiency of a business enterprise as well as its productivity. The content of the research has indicated the ways to stabilize the annual salary system in the Korean business enterprise by providing the initial themes for salary system model for Korean economy, the strategy for annual salary system promotion and time to introduce the annual salary system for Korea as well as the time for stabilization of it.

The rapid shift in global economic relationships in recent years is nowhere more apparent than with respect to foreign direct investment(FDI). The pattern of global FDI have changed dramatically in 1990`s. The most obvious evidence of this change is reversal in the status of each country from net outbound direct investor to net host country for FDI. This study explores the determinants analyzing the variation across foreign investors of FDI in Korea. Two types of foreign investors(such as firms from developing and developed countries) in Korea are hypothesized to explain this variation. At least in part, this study is helpful in explaining what motivates foreigners to invest in Korea. As a result, the findings of this study in firms from developed countries support the hypotheses that OWN(ownership) and TS(total sales) are positively related, and TX(coporate tax) and W(wage) are negatively related to FDI in Korea. On the while, in firms from developing countries, empirical support is found for OWN, MZ(market size), PR(political risk), W, and TX.

This paper tests the effects of government subsidies on the volume and price of export. With the launching of WTO, government support are strongly forbidden. Therefore, any policy designed for export promotion must be examined for policy effects before it is implemented. The current research used the export function(author, 19) as a research model. We found that government export subsidy did not show powerful effects on export price and volume. This findings suggest that government policies are designed to improve firms` competitive advantage not by price factor but by non-price factors.

The Korean Manufacturing Industries have achieved a high average growth rate of 9.1% during the past 30 years. The main purpose of this study is to show how technology import and R&D to Korea Economic growth. This study makes conclusion as follows. First, technological progress rate turns out to be high level, and this result means that technology development has considerably influenced Korea economic growth. Especially, as the contribution of R&D turns out to be high, Korean Government and private sectors should more pay attention to the R&D activities. Secondly, technology import also shows a slight growth contribution. After all, the strategy of technology development should be replaced by our own R&D instead of technology import from other countries.

As a result of the interdependent nature of the channel system, individual channel members are concerned about the performance of other channel members. In structuring and managing marketing channels, it is imperative that some means be established for assessing the performance of the channel counterparts with which a firm is linked. Even though such a statement might be viewed as a truism, there is very limited amount of scholarly research which has focused on dealer performance measurement. The purpose of this research was to test hypotheses of the relationship among the cooperation and conflict in supplier-dealer relations, supplier characteristics, dealer characteristics, dealer competitive factors, and dealer performance, and to report the findings of a test the hypotheses in an auto channel. The data used in this research were collected through a mail survey administered to auto dealers. Multiple regression was used to test the hypotheses on the interrelationship between the factors affecting the dealer performance and dealer performance. The dependent variables was the dealer performance and the independent variables were the cooperation and conflict in supplier-dealer relations, supplier characteristics, dealer characteristics, dealer competitive factors. These hypotheses were supported because all of the significant beta coefficients were same as hypothesized. Results of this research indicated that dealer managers should understand and manage the factors that have the greatest effect on the dealer performance.