• Title/Summary/Keyword: Commercial Policy

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A Study on the Risk Management of e-Finance by Active Internet (인터넷활성화에 따른 전자금융위험에 대한 대응방안과 정책 연구)

  • Song, Keyong-Seog
    • Journal of Digital Convergence
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    • v.8 no.2
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    • pp.189-202
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    • 2010
  • Although e-Finance has become more and more prevalent in everyday life, with the development of information technology, further development of e-Finance and commercial transactions has been limited. Therefore it is important for financial institutions to be aware of the significance of e-Finance risk and take appropriate actions. And an effective risk management function relies on a well-defined organization structure to eliminate gaps and minimize overlaps in risk management duties, responsibilities, and authorities. It defines and assigns risk management responsibilities, authorities, and accountabilities to appropriate personnel. The adequate organization of the risk management function is very important in the success of risk management.

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The Role of Economic Cluster Perspectives in Regional Economic Development

  • Haak, Robert;Vora, Gautam;Walsh, Steven T.;White, Craig G.
    • World Technopolis Review
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    • v.3 no.1
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    • pp.17-29
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    • 2014
  • The importance of science and technology as the root of exceptional regional economic development has been extolled since the time of Schumpeter. Today emerging technologies are signaling the start of a new economic cycle where regions that are effective in technology translation will gain advantage. The will of policymakers to translate technology into regional job and wealth creation seems to be at an all-time high. Yet an improved process for translating technical development into regional prosperity has proved elusive. If there are no processes other than applying techniques that have worked in the past for other regions to a new region then there is cause for concern. Here the authors seek to add to this field of knowledge by applying elements of the varied cluster theories to provide a basis for policy for regional economic development by turning science and technology into commercial innovation. We provide a review of current cluster theories and discuss the positive and negative issues associated with each. We propose a model that allows interested professionals to utilize aspects of each cluster perspective geared to the realities of their specific area.

A Role-driven Security and Access Control Model for Secured Business Process Management Systems

  • Won Jae-Kang;Kim Kwang-Hoon
    • The Journal of Information Systems
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    • v.14 no.3
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    • pp.1-8
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    • 2005
  • This paper formally defines a role-driven security and access control model of a business process in order eventually to provide a theoretical basis for realizing the secured business process management systems. That is, we propose a graphical representation and formal description of the mechanism that generates a set of role-driven security and access control models from a business process modeled by the information control net(ICN) modeling methodology that is a typical business process modeling approach for defining and specifying business processes. Based upon the mechanism, we are able to design and accomplish a secured business process management system that provides an unified resource access control mechanism of the business process management engine domain's and the application domain's. Finally, we strongly believe that the secured access control policies from the role-driven security and access control model can be easily transformed into the RBAC(Role-based Access Control) model that is a standardized security technology for computer and communications systems of commercial and civilian government organizations.

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A Study on Smart Work 2.0 Implementation Methodology (스마트워크 2.0 구축 방법론에 대한 연구)

  • Lim, Kyu-Kwan
    • Journal of Digital Convergence
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    • v.9 no.4
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    • pp.235-244
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    • 2011
  • According to spread of Smart Work introduction to public organizations & commercial enterprises, its being more focused on how to implement Smart Work effectively. So far current Smart Work, mainly Mobile Office has emphasized the speed & efficiency of management. But future Smart Work, Smart Work 2.0 must focus on the creativity & innovation of companies & people. In order to do that, the new technology like Social networking & Cloud computing should be applied. This study suggests Smart Work 2.0 implementation methodology including critical successful factors & solutions of Smart Work implementation through referencing existing implementation methodology and case study.

Analysis, Recognition and Enforcement Procedures of Foreign Arbitral Awards in the United States

  • Chang, Byung Youn;Welch, David L.;Kim, Yong Kil
    • Journal of Arbitration Studies
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    • v.27 no.3
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    • pp.53-76
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    • 2017
  • Korean businesses, and their legal representatives, have observed the improvements of enforcement of commercial judgments through arbitration over traditional collections litigation in U.S. Courts-due to quicker proceedings, exceptional cost savings and more predictable outcomes-in attaching assets within U.S. jurisdictions. But how are the 2016 interim measures implemented by the Arbitration Act of Korea utilized to avoid jurisdictional and procedure pitfalls of enforcement proceedings in the Federal Courts of the United States? Authors examine the necessary prerequisites of the U.S. Federal Arbitration Act as adopted through the New York Convention, to which Korea and the U.S. are signatories, as distinguished from the Panama Convention. Five common U.S. arbitration institutions address U.S. "domestic" disputes, preempting U.S. state law arbitrations, while this article focuses on U.S. enforcement of "international" arbitration awards. Seeking U.S. recognition and enforcement of Korean arbitral awards necessitates avoiding common defenses involving due process, public policy or documentary formality challenges. Provisional and conservatory injunctive relief measures are explored. A variety of U.S. cases involving Korean litigants are examined to illustrate the legal challenges involving non?domestic arbitral awards, foreign arbitral awards and injunctive relief. Suggestions aimed toward further research are focused on typical Korean business needs such as motions to confirm foreign arbitration awards, enforce such awards or motions to compel arbitration.

Radiation Exposure from Nuclear Power Plants in Korea: 2011-2015

  • Lim, Young Khi
    • Journal of Radiation Protection and Research
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    • v.42 no.4
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    • pp.222-228
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    • 2017
  • Background: On June 18, 2017, Korea's first commercial nuclear reactor, the Kori Nuclear Power Plant No. 1, was permanently suspended, and the capacity of nuclear power generation facilities will be adjusted according to the governments denuclearization policy. In these circumstances, it is necessary to assess the quality of radiation safety management in nuclear power plants in Korea by evaluating the radiation dose associated with them. Materials and Methods: The average annual radiation dose per unit, the annual radiation dose per person, and the annual dose distribution were analyzed using the radiation dose database of nuclear reactors for the last 5 years. The results of our analysis were compared to the specifications of the Nuclear Safety Act and Medical Law in Korea. Results and Discussion: The annual average per unit radiation dose of global major nuclear power generation was 720 man-mSv, while that of Korea's nuclear power plants was 374 manmSv. No workers exceeded 50 mSv per year or 100 mSv in 5 years. The individual radiation dose according to occupational exposure was 0.59 mSv for nuclear workers, 1.77 mSv for non-destructive workers, and 0.8 mSv for diagnostic radiologists. Conclusion: The radiation safety management of nuclear power plants in Korea has achieved the best outcomes worldwide, which is considered to be the result of the as-low-as-reasonably-achievable (ALARA) approach and strict radiation safety management. Moreover, the occupational exposures were also very low.

A Case Study of Oversea's Low Cost Carrier Terminal (LCCT) for Hub Network Competitiveness (허브경쟁력 강화를 위한 해외 저가항공사 터미널(LCCT) 활용 사례연구)

  • Hwang, Sung-Youn;Kim, Jong-Hyun;Park, Sung-Sik;Kim, Kee-Woong
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.22 no.4
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    • pp.15-24
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    • 2014
  • Low Cost Carrier(LCC)s in Asia Pacific market are expected to record high growth due to the expansion of Open Sky Policy among Korea, Japan, China and South East Asia. As everybody is aware of, LCC is not only saving flight cost but also creates differentiating business model by reducing unnecessary services such as F&B and in-flight duty free sales services. Booming LCCs in Asian market will cause not only Incheon airport but also other local airports in Korea to compete heavily to attract LCCs. For example, Air Asia Group with more than 200 fleet has expanded its alliance network throughout Asia. Therefore this paper has researched a new business model operating a LCC terminal for the hub airport competitiveness. According to analysis result of case study, it was found out, considering increasing airline demand next decade, Incheon airport and other domestic airports in Korea had better change an existing terminal into a LCC Terminal(LCCT) to differentiate airport services and expand its hub network. That is because of economic feasibility, first of all, of securing hub and spoke networking capabilities with airlines and finally of developing commercial facilities customizing LCC passengers' demand.

Numerical Analysis of Supercavitating Flows Based on Viscous/Inviscid Method (점성 및 비점성 해석법을 이용한 초월공동 유동 수치해석)

  • Ahn, Byoung-Kwon;Kim, Ji-Hye;Choi, Jung-Kyu;Kim, Hyoung-Tae;Nah, Young-In;Lee, Do-Hyung
    • Journal of the Korea Institute of Military Science and Technology
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    • v.17 no.1
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    • pp.25-32
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    • 2014
  • Recently supercavitating torpedo has been studied because of its high-speed performance as the next generation of underwater weapon systems. In this study, we present a numerical method based on the potential flow. Characteristic features of the shape of supercavities and drag forces are investigated. In addition, we introduce a viscous-potential method to compensate for the effects of viscosity. The results are compared with viscous calculations using a commercial package, FLUENT V13.

A Study on Development of High Efficiency SMPS used in LED (LED용 고효율 SMPS 개발에 관한 연구)

  • Kwak, Dong-Kurl;Lee, Bong-Seob;choi, Shin-Hyeong;Park, Young-Jic
    • Proceedings of the KIPE Conference
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    • 2014.07a
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    • pp.431-432
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    • 2014
  • Recently, the demand of LED(light-emitting diode) lighting is gradually enlarged by governmental saveenergy policy, which the LED lighting has been established compulsorily in new buildings, public institutions, and residential installations etc.. The LED lighting is driven by SMPS (switching mode power supply). The SMPS requires high efficiency because the SMPS changes a commercial ac power source to low voltage dc power source. Harmonic components that occur in the conversion process of SMPS decrease system power factor and deal great damage in electric power system. To improve such problems, this paper proposes a SMPS of high efficiency. The switching devices in the proposed SMPS are operated by soft switching technique using a new quasi-resonant circuit. The input ac current waveform in the proposed SMPS becomes a quasi-sinusoidal waveform proportional to the magnitude of input ac voltage under constant switching frequency. As a result, the proposed SMPS obtains low switching power loss and high efficiency, and its input power factor is nearly in unity.

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Introduction to the Fisheries Industry in Ghana

  • Otumfuo, Samuel Kabu
    • Journal of Marine Bioscience and Biotechnology
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    • v.3 no.1
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    • pp.18-23
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    • 2008
  • Fisheries constitute an important sector in national economic development, and estimate to contribute about 3% of the total GDP and 5% of the GDP in agriculture. Fish production from aquaculture has been estimated at 950 tonnes for 2004. In 2003, Ghana produced only 51.7% of its requirements from its domestic sources and in 2004, achieved 68.1% of its fish requirement through domestic production and imports. It has been estimated that the production from ponds and culture-based fisheries is worth about US$ 1.5 million a year. The aquaculture sub sector comprises largely small-scale subsistence farmers who practice extensive aquaculture in earthen ponds in contrast to the intensive practices of commercial farmers. There is one cage facility which produces 200 tonnes or 21.1% of the total output. There are several laws to regulate and govern the sector and the government has set up institutions that are responsible for developing fisheries and aquaculture policy and directing and establishing research priorities. The Directorate of Fisheries (DoF) is the lead government agency for aquaculture development and the Water Research Institute of the Council for Scientific and Industrial Research (CSIR) is mandated to carry out aquaculture research. To promote fish farming, imports of farm fish are not allowed.

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