• Title/Summary/Keyword: Financial Management Practices

Search Result 172, Processing Time 0.021 seconds

The Implication of the Policy on Traditional and Complementary and Alternative Medicine in Developed Countries (선진국의 보완대체의료 정책의 함의)

  • Han, Dong-Woon
    • Journal of Society of Preventive Korean Medicine
    • /
    • v.12 no.3
    • /
    • pp.141-155
    • /
    • 2008
  • Traditional, complementary, and alternative medicine(CAM) constitutes a major source of health care in developing countries. Its therapies, products and practices are increasing used in industrialized countries, typically by around 50% of the population. However, controls on the provider of CAM services and supply and promotion of complementary medicines are weak in these countries. These trends evoke important public health questions relating to benefits and detriments, safety and quality from medical, financial, and social perspectives. In the western counties, investment in research is increasing, and some guideline is now available for ensuring their quality, efficacy, and safety according to the criteria of evidence-based medicine as legally demanded. National policies and legislation are being developed in many countries and often include partnerships between biomedical and traditional health practitioners. The purposes of the study were to review the policies on CAM, to examine the responses of the government to cope with use of CAM in industrialized countries. Lastly, some implications and recommendation are suggested.

  • PDF

Current status, challenges and prospects for pig production in Asia

  • Lu Wang;Defa Li
    • Animal Bioscience
    • /
    • v.37 no.4_spc
    • /
    • pp.742-754
    • /
    • 2024
  • Asia is not only the primary region for global pig production but also the largest consumer of pork worldwide. Although the pig production in Asia has made great progress in the past, it still is confronted with numerous challenges. These challenges include: inadequate land and feed resources, a substantial number of small-scale pig farms, escalating pressure to ensure environmental conservation, control of devastating infectious diseases, as well as coping with high temperatures and high humidity. To solve these problems, important investments of human and financial capital are required to promote large-scale production systems, exploit alternative feed resources, implement precision feeding, and focus on preventive medicine and vaccines as alternatives to antibiotics, improve pig breeding, and increase manure recycling. Implementation of these techniques and management practices will facilitate development of more environmentally-friendly and economically sustainable pig production systems in Asia, ultimately providing consumers with healthy pork products around the world.

A Study of Analysis and Response and Plan for National and International Security Practices using Fin-Tech Technologies (핀테크 금융 기술을 이용한 국내외 보안 사례 분석 및 대응 방안에 대한 연구)

  • Shin, Seung-Soo;Jeong, Yoon-Su;An, Yu-Jin
    • Journal of Convergence Society for SMB
    • /
    • v.5 no.3
    • /
    • pp.1-7
    • /
    • 2015
  • Recently, finance technology related to Fin-Tech has emerged while national and international financial incidents have increased. Security technologies that are currently operated in the financial institutions, have been reported to be vulnerable to security attacks. In this paper, we propose a method of response and plan of security incident using Fin-Tech technology in the divers authentication methods and the usage of biometrics. Proposed method provides a convenient banking services to the users by integrating IT technology, such as personal asset management, crowdfunding to finance technology. Also, the proposed method may provide the security with ease by applying the security technologies such as PCI-DSS, tokenization technique, FDS, the block chain. Proposed method analyzes a number of security cases in relation to the Fin-Tech, financial technologies, for a response.

  • PDF

A Study on Data Security Control Model of the Test System in Financial Institutions (금융기관의 테스트시스템 데이터 보안통제 모델 연구)

  • Choi, Yeong-Jin;Kim, Jeong-Hwan;Lee, Kyeong-Ho
    • Journal of the Korea Institute of Information Security & Cryptology
    • /
    • v.24 no.6
    • /
    • pp.1293-1308
    • /
    • 2014
  • The cause of privacy extrusion in credit card company at 2014 is usage of the original data in test system. By Electronic banking supervision regulations of the Financial Supervisory Service and Information Security business best practices of Finance information technology (IT) sector, the data to identify the customer in the test system should be used to convert. Following this guidelines, Financial firms use converted customer identificaion data by loading in test system. However, there is some risks that may be introduced unintentionally by user mistake or lack of administrative or technical security in the process of testing. also control and risk management processes for those risks did not studied. These situations are conducive to increasing the compliance violation possibility of supervisory institution. So in this paper, we present and prove the process to eliminate the compliance violation possibility of supervisory institution by controlling and managing the unidentified conversion customer identification data and check the effectiveness of the process.

A Study on Security Risk according to the activation of Bio-Authentication Technology (바이오 인증 기술의 활성화에 따른 보안 위험성에 관한 연구)

  • Jeon, Jeong Hoon
    • Convergence Security Journal
    • /
    • v.16 no.5
    • /
    • pp.57-63
    • /
    • 2016
  • In recent years, there is growing interest in 'Fin-tech' in the domestic and international financial sector. And a variety of services in such a situation has emerged. To ensure the safety of from hacking attacks, many new technologies have been developed. These leading technology is the Bio-authentication method that you consider applying to the financial sector. Bio authentication is using biometric information. Also it is known that can cope the threat of fabrication and modifying attacks with shared and stored. However, Recently, When you look at hacking incidents of biometric data(560 million cases) in the United States Office of Personnel Management and advent of the fingerprints counterfeit technology, We can be known that should be reconsidered about the safety of bio-certification. Especially, it should be provided with a response measures for the problem of embezzlement that biometric information already been leaked. Thereby In this paper, by investigating biometric technologies and practices applied and of the vulnerability factor in many industries, it expected to be utilized in the prepared threats countermeasures in accordance with the application of the biometric authentication technology in a future.

The Role of Logistics Management Information Systems in Sustaining Healthcare Infrastructure in Rural Kazakhstan

  • Shynar KOSSYMBAYEVA;Umirzak SHUKEYEV;Gulnara KUSHEBINA;Azhar KIZIMBAYEVA;Galiya BERMUKHAMEDOVA;Zhanna BULKHAIROVA
    • Journal of Distribution Science
    • /
    • v.22 no.10
    • /
    • pp.13-30
    • /
    • 2024
  • Purpose: This study aims to investigate the role of Logistics Management Information Systems (LMIS) in supporting healthcare infrastructure in rural Kazakhstan, and to identify the benefits and challenges of implementing LMIS in these settings. Methodology: A mixed-methods approach was used, combining both qualitative and quantitative data. A survey of healthcare professionals was conducted to gather data on current practices and challenges, while interviews with stakeholders provided additional insights into the potential benefits and limitations of LMIS. A literature review on LMIS in healthcare was also conducted to inform the study. Results: The study found that Logistics Management Information Systems (LMIS) can improve rural healthcare by enhancing resource allocation, patient care, and decision-making. However, challenges include infrastructure limitations, training needs, data privacy concerns, and financial constraints. Addressing these challenges can unlock LMIS's potential to transform rural healthcare. Conclusion: This study demonstrates the potential of LMIS to improve healthcare access and quality in rural Kazakhstan. While there are implementation challenges, these can be addressed through targeted investments in infrastructure, training, and data security. The findings of this study have important implications for policymakers, healthcare professionals, and other stakeholders seeking to improve healthcare outcomes in rural areas.

A case study on the improvement effects of quality cost by establishing a quality cost management system (품질비용관리시스템 구축을 통한 품질비용 개선효과 및 성과에 관한 사례연구)

  • Lee, Wook-Gee;Kim, Joo-Wan
    • Journal of the Korea Safety Management & Science
    • /
    • v.14 no.1
    • /
    • pp.189-200
    • /
    • 2012
  • Many companies have endeavored to build a quality cost management system in order to be more productive business organization. This study shows the detail procedures of constructing a quality cost management system which is believed to be appropriate for their business system. That is, the method to calculate the quality cost and the linking logic between the quality improvement and its financial impact are explained based on a particular industry case. In this sense, the changes of business performance measures such as market share, customer satisfaction, etc. were analyzed in the longitudinal perspective for the consecutive 4 years (2003~2006). As the quantitative results of this study, the improvement activities based on the quality cost management system resulted in the 32% reduction of quality cost and the 121% increase of business profit, compared 2005 with 2006. In the qualitative perspective, the successive practice of quality cost reduction and the job information sharing in business unit were obtained by providing the best practices and bench-marking cases. Finally, the customer satisfaction has increased so that the customer-friendly management system has been accomplished. With these efforts, the 3.4% increase of the market share and the 3% increase of the customer satisfaction were obtained in 2005. As the future study, the current study can be extended to the concept of COPQ (cost of poor quality) which focuses on the hidden quality cost of the whole business activities. Such extension of analysis will help us understand the wider role of a quality cost management system in the business.

A Study on Expected Dispute Arbitration in Supply Chain ESG Management: Focusing on the cases of POSCO and NAVER (공급망 ESG 관리에서 예상되는 분쟁 중재에 관한 연구 - 포스코와 네이버 사례를 중심으로 -)

  • Lee, Geonwoo;Lee, Jungeun;Lee, Hunjong
    • Journal of Arbitration Studies
    • /
    • v.34 no.1
    • /
    • pp.75-101
    • /
    • 2024
  • "ESG management" guides companies to prioritize corporate social responsibility and sustainable development as key management objectives, going beyond mere financial performance pursuits. This approach involves creating a sustainable and robust supply chain by urging companies, acting as 'supply chain managers', to implement ESG management practices alongside their 'supply chain partners'. The domestic business community has been quick to respond to this trend, recognizing that failure to adhere to ESG standards set by organizations such as the EU and SEC could lead to severe repercussions, including exclusion from international trade and reputational damage. POSCO and NAVER, two leading Korean companies, are at the forefront of practicing ESG management effectively. They have both produced and publicly disclosed ESG management reports, showcasing their success in enhancing supply chain ESG management. However, as supply chain managers enforce ESG-related obligations on their suppliers, the likelihood of disputes between the parties may increase. In scenarios where supply chain ESG management leads to conflicts between supply chain managers and suppliers, commercial arbitration emerges as a viable solution for dispute resolution. This method offers several advantages, including the arbitrators' expertise, time and cost efficiency, the binding nature of decisions akin to a court's final judgment, international recognition under the New York Convention, confidentiality, and ample opportunity for parties to be heard. Our analysis focuses on the emerging disputes between supply chain managers and suppliers within the context of supply chain ESG management, particularly examining the cases of POSCO and NAVER. By categorizing the expected types of disputes and assessing the appropriateness of commercial arbitration for their resolution, we highlight the effectiveness of this approach. Furthermore, we propose leveraging the Korean Commercial Arbitration Board's role to enhance the use of arbitration in resolving supply chain ESG disputes, underscoring its potential as a strategic tool for maintaining sustainable and harmonious supply chain relationships.

Bank-specific Factors Affecting Non-performing Loans in Developing Countries: Case Study of Indonesia

  • Rachman, Rathria Arrina;Kadarusman, Yohanes Berenika;Anggriono, Kevin;Setiadi, Robertus
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.5 no.2
    • /
    • pp.35-42
    • /
    • 2018
  • In recent decades, financial crises in various countries have often been preceded by the rise in non-performing loans (NPLs) in the banks' asset portfolios. The increase in NPLs is proven to have adverse impact on the banking sector so that understanding the determinant of NPLs is immensely crucial to ensure the efficiency and soundness of the overall economy. This study aims to shed light on bank-specific factors that affect loan default problems in developing countries whose banking sectors play a major role in the overall economy. This study analyzes panel data sets of 36 commercial banks listed in the Indonesian Stock Exchange during the period 2008-2015. Applying fixed-effects panel regression model reveals that Indonesian banks' profitability and credit growth negatively influence the number of NPLs. Moreover, banks with higher profitability are proven to have lower NPLs because they can afford adequate credit management practices. Likewise, banks with higher credit growth evidently have lower NPLs in the sense that they demonstrate more specialized lending activity and thus have better credit management systems. These findings imply that, in order to lower loan defaults that can deteriorate banks' asset quality, banks should maintain their level of profitability and increase, rather than decrease, their credit supply to debtors.

Analysis of Foodservice Quality Management in Korean Welfare Institutions for the Homeless (한국 부랑인 복지시설의 급식품질관리 분석)

  • Lee, Jin-Mi
    • Journal of the Korean Dietetic Association
    • /
    • v.8 no.3
    • /
    • pp.318-327
    • /
    • 2002
  • The purposes of this study were to: a) examine charateristics of foodservice manaegment practices; b) investigate characteristics of recipients; c) analyze foodservice systems; and d) provide feedback for the efficient and effective foodservice management of welfare institutions for the homeless in Korea. A total of 27 sites was analyzed by questionnaire survey. Satatistical data analysis was completed using the SPSS package program for descriptive analysis. As results of site recipients' characteristics, 69% of total sites were males and 31% were female recipients. Average 60% of recipients were from 30 to 50 years old. Major diseases of recipients were high pressure, and obesity. According to the result of foodservice system analysis, the average meal cost per day was about 2,943 won and average food cost percentage was 29%. Average number of meals per day was about 600 meals. Mostl sites had one dietitian and 48.1% of sites had one cook as a full-time employee. In the part of procurement, dietitians were major chargers of sites for purchasing foods. Major purchasing method was the order and delivery contract. About a half of sites used cycle menu system and standardized recipies. Most of sites had recipients' survey systems for evaluating meal satisfaction. Dietitians at sites had problems on lack of cooking professionals and low meal cost budget for providing higher quality of foods to cure recipients. The results suggested that financial and systematical supports by the government would be very necessary to meet the goal of nutritional balanced meal services.

  • PDF