• Journal of Navigation and Port Research
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• v.39 no.1
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• pp.69-75
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• 2015

The concrete purpose of this study is to suggest actually a debt ratio to optimize the capital structure providing a kind of approach to estimate the proper debt ratio with an analytical model and empirical data in Korean shipping industry. The mathematical and analytical model is started from the first equation about ROE, return of net operating income on equity, with an independent variable, debt ratio. It is constructed with several parameters, ROS(return of operating income on sales), TAT(total assets turnover), and NFCL(net finance cost to liabilities). There could not be a certain relationship between debt ratio and ROS or TAT, while some correlation or causality between debt ratio and NFCL. In other words, most of firms with high debt ratio is likely to burden higher finance cost than others with low one. In this case, there is a linearity relationship between debt ratio and NFCL, so then the second equation considering this relation could be included within the analytical approach of this paper. To be short, if the criteria of adequate debt ratio has to be defined as some level of debt ratio to optimize ROE, the ROE could be illustrated as a quadratic equation to debt ratio from two equations. Next, this research estimated those parameters' numbers through the single regression method with data over 12 years of Korean shipping industry, and identified empirically the fact that optimal debt ratio would be approximately 400%. To conclude, if that industry's sales and operating incomes are stable, the debt ratio could be accepted until twice of 200% had forced in order to guarantee its financial safety in past time.

• Journal of Navigation and Port Research
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• v.30 no.8 s.114
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• pp.649-655
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• 2006

Waves progressing into the coastal area can be amplified, swashed and overtopped by a wave overtopping control structure, and it converts the kinetic energy of the waves to the potential energy with a hydraulic head above the mean sea level by conserving the overflow in a reservoir. Then the potential energy in the form of hydraulic head can be converted to electric power utilizing extremely low-head hydraulic turbine. This study aims to find the most optimal shape of wave overtopping structure which maximizes overtopping volume rate of sea water. Laboratory experiments for the performance evaluation of wave overtopping control structures were carried out in three dimensional wave tank, and the three dimensional structure models with planar wave concentration shapes(B/b) were manufactured into five classes, which were optimized by cross sectional parameters of the structure, ie, length of ramp(l), gradient of inclined ramp($cot{\phi}$) and freeboard height of the wave overtopping structure($h_e$) proposed by Shin and Hong(2005). The wave overtopping discharges were investigated with 20 incident wave conditions and wave directions of $0^{\circ},\;15^{\circ},\;30^{\circ}$.

• Journal of Digital Convergence
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• v.16 no.10
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• pp.169-178
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• 2018

Gyeongin Port has low awareness, insufficient hinterland infrastructures, and lower competitiveness. So, in this study, we conducted Fuzzy-IPA analysis reflecting the recognition of the consignor companies that are using Gyeongin port to suggest present practical improvement measures for the activation of the operation of Gyeongin port hereafter. As a result of the analysis, three factors, that is, cargo loading/unloading/storage costs, port facility fees, and incentive and support were derived as priority investment areas. Three factors, that is, cargo safety, infrastructure equipment, and inland transportation costs were derived as the areas for maintenance strengthening and factors related to cargo handling and service factors were derived as areas for maintenance of the status quo and areas for gradual improvement, respectively. This study is significant in that it analyzed the recognition of the consignor companies that are using Gyeongin port using a quantifying method and suggested realizable measures for activation based on the results of the analysis. In future studies, the frequency of ships' calling at the port and measures to diversify the sea routes should be additionally reflected on the analysis.

• Journal of Navigation and Port Research
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• v.36 no.3
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• pp.205-213
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• 2012

This study focused on the supply-demand and training system of the crew for domestic coastal shipping. First of all, it forecasted the prospect and effect in the future of the crew supply-demand through the analysis to the current situation of crew employment and the internal and external environment changes. Next, it suggested the specific role and alternatives of government, industry and educational institutions after the comparison and examination of the sailor policies among Korea and major shipping countries. In regard to the demand of crew manpower in coastal shipping, it figured out the bottoms and the current circumstances of sailors, and it could anticipate the future demand by the gradational approach. According to the findings, firstly the result of this simulation by the changes of the ship numbers demonstrated that the demand over the next 10 years will be 7,890~8,025 in the case of the growth 0.4%, and 7,894~8,063 in 0.5%. Secondly, assuming the growth 0.1~1%, the result illustrated that the demand will come to 7,879~8,258. This means the fact that the additional manpower has to be input to 20~430 annually from now on. To conclude, this study showed the more rational numbers about the supply-demand than the past researches and displayed the systematic approach to supply and train the crew in domestic coastal shipping.

• Journal of Korea Port Economic Association
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• v.27 no.4
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• pp.51-71
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• 2011

The purpose of this study is to use DEA modeling to make an analysis on 12 ODCYs in the hinterland of Busan North Port, so that it may propose possible ways to efficiently operate them. For analysis, this study adopted 3 input factors such as CY area, number of employees and number of cargo work equipments and also adopted 1 output factor, i.e. container throughput. According to the analysis DEA-CCR model, it was found that Chunil(YongDang CY) was the most efficient one among companies engaged in the operation of ODCY. And it was found that KCTC(YongDang CY), Kukbo(U-Am CY), KORAIL(BusanJin CY) and Hanjin (JaeSong CY) would need to boost the container throughput 5 or more times higher than current throughput with a view to improving cargo handling efficiency, while Sebang(U-Am CY), KCTC(U-Am CY), KCTC(YongDang CY), Hyopsung(YongDang CY) and Kukbo(U-Am CY) need to work on personnel restructuring targeted to current employees. Based on the analysis DEA-BCC model, it was found that Chunil(YongDang CY), Dongbu(ShinYoung GamMan CY), Intergis(GamMan CY) and Sebang(U-Am CY) were efficient companies, but KCTC(YongDang CY), Kukbo(U-Am CY), KORAIL(BusanJin CY) and Hanjin(JaeSong CY) were inefficient companies. Particularly, it was found that both KCTC(U-Am CY) and Kukbo(U-Am CY) would need to try harder to carry out personnel reshuffle than other comparable companies.

• Journal of Korea Port Economic Association
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• v.37 no.3
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• pp.35-53
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• 2021

Over the past 20 years, Korea's number of international passengers and freight transportation records has increased by 8.6% per year, respectively. However, despite the development of sea lanes and increased voyages, there have been constant calls for improving the inefficient management of international passenger ports. Hence, this paper presents improvements and further directions for international passenger port management. Focusing on the Incheon International passenger port as a representative case study, the main results show that the most important, urgent, possible measures for improving the port management include (i) the expansion of customs personnel and implementation of a 24-hours customs clearance system in operation, (ii) installation of buffer facilities between the ferry and ferry cargo and establishment of hinterland specialized in car ferry freight in a facility, and (iii) clear standards for cost-bearing subjects and limitation of high cost related to terminal use in institution. These results imply the need for government policy access and investment reflecting stakeholder opinions at various levels, such as operation, facilities, institution, and so forth, for efficient management of international passenger ports.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.37 no.3
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• pp.541-547
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• 2017

In Yongwon channel, its natural flow of seawater is blocked by the construction of Busan Newport including the container berth. The channel was transformed into a narrow and long one, where it is possible that ships are only allowed to pass through the north-side channel of Gyeonmado located at the point of river mouth to Songjeongcheon. So it is considered that the changes in the terrain characteristics of Yongwon channel is likely to alter the circulation of sea water, thereby changing its water quality. Contaminants are accumulated from the sediment release. In this study, before and after dredging the sediment release test was performed. As a result, after the sediment dredging is performed, the reduction rate was higher at the same point. The results show that the water quality can be improved by dredging. Each group (A~C) reduction rate of the evaluation of the reduction rate of 4.64% T-N, 18.00%, 18.59%, respectively. T-P rate of 24.75% reduction, 24.17%, 44.08%, respectively. COD reduction rate was 18.57%, 19.76%, 38.08%, respectively. These results can be used as basic data for controlling the contamination by dredging in Yongwon channel.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.9
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• pp.262-269
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• 2019

This study was conducted to pave the way for the development and operation of education and training programs to nurture skilled North Korean construction workers. Such programs would help to meet the expanded demand for setting up infrastructure, which is the backbone of the two Koreas' economic cooperation and mutual development. To achieve this initiative, the targets and scopes of education and training were determined by classifying business types for education and training purposes by construction sector. Furthermore, each education and training course and their allocated time frames were analyzed. Issues related to inter-Korean economic cooperation in the border area were also analyzed to determine regional characteristics. Education and training programs were thus classified into three types of infrastructure units: society, industry, and life infrastructure units. Social infrastructure units are the common demand of the whole border area, including construction of roads, railways, and harbors, as well as inspection and maintenance. Industrial infrastructure units are programs for industrial facilities centering on the designated special economic zone in the western part of the border area. Life infrastructure units are programs for infrastructure facilities such as large, complex facilities and residential facilities for the eastern tourist belt side.

• Journal of the Korean GEO-environmental Society
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• v.12 no.4
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• pp.33-41
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• 2011

In case of building up port facilities on soft ground, unsymmetrical surcharge of embankment, which make the excess pore water pressure to increase, causes to occur lateral displacement due to plasticity of soil. A study on lateral displacement and settlement of the caisson, which is installed on improved ground, was accomplished. The field measurement data and calculated values obtained from FEM program of Plaxis were compared and analyzed. For numerical analysis, the properties of soils, constructions stage and time were considered. Lateral displacement was measured at the point of inclinometers installed in front of caisson. Settlement was measured at the center of extra embankment behind of caisson. Comparison of measured and calculated for lateral displacement showed that the calculated value was greater than the measured, and increasing trend was different. The calculated value showed step increasing as step extra embankment applied, whereas the measured gradually was increased. For settlement of embankment, the amount of both measured and calculated were similar, but the trend was different like that of lateral movement.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.39 no.3
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• pp.149-156
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• 2021

This study collected and analyzed case studies related with the use of spatial information in North Korea to prioritize construction and required supporting processes in order to propose a short-term and long-term road map for the establishment of spatial information in North Korea. Recent research cases related to the prioritization of spatial information development were analyzed, and priority for the construction of infrastructure was derived based on the interconnectedness and relationship of national infrastructure. Due to the inaccessibility and remoteness of North Korea, all of the five studies determined priorities according to questionnaires and consulting of refugees and knowledgeable figures by expert groups. In summary, priority was given to unarmed and transborder areas, major cities, special zones, and development zones, while in terms of facilities, priority was given to power communication, railroads, water and sewage architectural buildings, roads, and dams. In the case of prioritizing the establishment of national infrastructure for the unified Korean Peninsula, the development of major areas, ports, and the related city-level spots to develop a line that promotes the sharing of routes such as transportation networks, water, and energy, thus leading to a scenario involving the development of cotton at an urban and national level.