• Title/Summary/Keyword: Financial Safety

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A Study on Safety Management for Aging Society (고령화시대를 대비한 안전관리대책 -부산지역을 대상으로-)

  • Chang, Seong-Rok;Kim, Eun-A
    • Journal of the Korean Society of Safety
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    • v.17 no.4
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    • pp.184-188
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    • 2002
  • According to a recent report, Korea first reached aging society in 2000 and it is forecasted that the number of aged people over 65 years old will increase form 7.13%(2000) to 14% or more of total population in Korea in 2022. As many aged peoples are employed as day labor under the financial circumstances after Korean Financial Crisis, it is critical that we should take safety control measures for them. Thus, this study focused on analyzing aged accidents in terms of their characteristics, based on the actual trend of industrial accidents from 1996 to 2001 and the applications of medical treatment for the affected or wounded in Busan metropolitan area for recent 3 years (1999 to 2001) in order to analyze accident characteristics to cope with emergent aging period. As a result of analyzing the above data by job type, it was found that the construction work amounted to 38% of total job type. This result implies that accidents of the aged often occurs in 3D jobs including construction works without reasonable automation, which requires us to establish some preventive policies against those accidents. Moreover, it is found that rapid increasing accidents such as upset or occupational diseases or damages are typically attributed to those in the aged, mainly because the aged employees over 55 years old often have disadvantageous physical conditions such as relatively degraded balance and muscular control ability comparing to the younger. Therefore, it recommended that we should make effective safety policies for the aged and actively apply those policies to them. Moreover, it is required that we should encourage them to actively participate in safety compliance through corresponding trainings.

Development of Financial Effect Measurement(FEM) Models for Quality Improvement and Innovation Activity (품질개선 및 혁신활동에서 재무성과 측정모형의 개발)

  • Choi, Sungwoon
    • Journal of the Korea Safety Management & Science
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    • v.17 no.1
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    • pp.337-348
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    • 2015
  • This research introduces the Financial Effect Measurement (FEM) models which measures both the improvement and the innovation performance of Quality Control Circle (QCC) and activities of Six Sigma. Concepts and principle of Comprehensive Income Statement (CIS), Balanced Scorecard (BSC), Time-Driven Activity Based-Costing (TDABC) and Total Productive Maintenance (TPM) are applied in order to develop the 4 FEM models presented in this paper. First of all, FEM using CIS depicts the improvement effects of production capacity and yield using relationships between demand and supply, and line balancing efficiency between bottleneck process and non-bottleneck processes. Secondly, cause-and-effect relation of Key Performance Indicator (KPI) is used to present Critical Success Factor (CSF) effects for QC Story 15 steps of QCC and DMAIC (Define, Measure, Analyze, Improve, and Control) of Six Sigma. The next is FEM model for service management innovation activities that uses TDABC to calculate the time-driven effect for improving the indirect activities according to the cost object. Lastly, FEM model for TPM activities presents the interpretation of improvement effect model of TPM Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) maintenance using profit, cash and Economic Added Value (EVA) as metrics of enterprise values. To better understand and further investigate FEMs, recent cases on National Quality Circle Contest are used to evaluate new financial effect measurement developed in this paper.

A study on the development of safety management model suitable for small-to-medium enterprises (중소기업에 적합한 안전관리 모델 개발에 관한 연구)

  • 권희봉;이창호
    • Journal of the Korea Safety Management & Science
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    • v.1 no.1
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    • pp.19-28
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    • 1999
  • This paper presents the safety management model, which is appropriate for small-to-medium enterprises that rank the highest disaster rate. It is required for these companies to modify and improve the safety-related articles and it is peformed to compare and analyze the industrial disasters and safety management systems between large enterprises and small-to-medium enterprises. The basic direction of change of industrial safety healthy system must be classified to the dual direction. For large enterprises, it is focused on not pre-regulations but post-regulations based on the self-control safety management system. But for small-to-medium enterprises, it is required to intensify the safety management system and the safety responsibility for owners or administrators. Specially, the responsibility for disaster must be more strengthened by the penalty and the insurance method, and then it must be performed not only the financial support of government but also middle and long-term technical support by private safety organizations.

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A study on the development of safety management model suitable for small-to-medium enterprises (중소기업에 적합한 안전관리 모델 개발에 관한 연구)

  • 이창호;권희봉;정재수
    • Proceedings of the Safety Management and Science Conference
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    • 1999.11a
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    • pp.73-82
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    • 1999
  • This paper presents the safety management model, which is appropriate for small-to-medium enterprises that rank the highest disaster rate. It is required for these companies to modify and improve the safety-related articles and it is performed to compare and analyze the industrial disasters and safety management systems between large enterprises and small-to-medium enterprises. The basic direction of change of industrial safety healthy system must be classified to the dual direction. For large enterprises, it is focused on not pre-regulations but post-regulations based on the self-control safety management system. But for small-to-medium enterprises, it is required to intensify the safety management system and the safety responsibility for owners or administrators. Specially, the responsibility for disaster must be more strengthened by the penalty and the insurance method, and then it must be performed not only the financial support of government but also middle and long-term technical support by private safety organizations.

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Contagion in Global Bond Markets

  • Sang-Kuck CHUNG;Vasila Shukhratovna ABDULLAEVA;Sun-Jae MOON
    • The Journal of Economics, Marketing and Management
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    • v.12 no.4
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    • pp.27-36
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    • 2024
  • Purpose: The paper analyzes for detecting unexpected shocks such as global financial crisis and COVID-19 pandemic, and contagion between countries by capturing in the mean-shift, variance-covariance-shift, and skewness-coskewness-shift parameters of interest rates. Research design, data and methodology: A flexible multivariate model of interest rates is provided by allowing for regime switching and a joint skewed normal distribution. The model is applying to the structural breaks of crisis and contagion between the US and the selected global bond markets during the global financial crisis and COVID-19 pandemic, respectively. Inspection of the moment statistics weakly suggests a flight to safety to the US during the global financial crisis and to Canada during the COVID-19 pandemic. Results: The results indicate that risk averse investors had a higher risk appetite for the US and Canada assets during the crisis regimes, compared to their counterparts. Conclusions: The results show that coskewness contagion dominates correlation contagion, and coskewness contagion is significant for the Korea and Japan-US pairs for the global financial crisis and the Euro-US pair for the COVID-19 pandemic. All channels of structural breaks of crisis and contagion are significant when considered jointly, reinforcing the need to consider contagion and structural breaks during crises in a multivariate setting.

Analysis of Financial Ratios of the Korean Coastal Passenger Shipping Company and Proposal for Improving their Business Performances (한국 연안여객선업체의 재무상태 분석과 경영개선 방안)

  • 노창균
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.8 no.1
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    • pp.1-14
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    • 2002
  • This paper discusses the analysis of financial ratios of the Korean coastal passenger shipping company 1997 and 2000. Coastal passenger shipping company shows a very high ratio of the fixed-assets because these shipping company own relatively expensive ships. The current debts are composed of short-term borrowings and lease and the ratio of the current debts is rather high considering to the size of shipping company. The equity ratio of passenger shipping company has recently been decreased, but the debt ratio has been increased. Both the profitability and activity ratios have grown worse in recent years. In order to improve the performance of coastal passenger shipping company, they should develop the leisure facilities and good items to attract travellers.

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Stable investment feasibility study for the utilization of ELW (안정적 투자를 위한 ELW의 활용가능성 연구)

  • Jeong, Jae-Jeong;Kim, Jeong-Hyeon;Lee, Seok-Hyeon;Gang, Gyeong-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2012.04a
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    • pp.667-678
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    • 2012
  • Internet and information technology due to the development of rapid changes in the investment environment, the existing securities, or by disassembling the combined financial engineering to create new securities with the development of enlarged minimize losses to investors in financial markets more stable that can be and need a way to invest in this paper, such as individual stocks or a specific index of those derivatives that are linked to the December 1, 2005 and 2010 the market began trading from the phone call attention off new measures to gauge the individual through ELW underlying assets such as stocks or a specific index to minimize the loss of a stable hedge for investors to evaluate the possibility of studying for.

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Study on the Expected Effects of KS Certification on Companies (KS표시인증이 기업에 기대되는 효과에 관한 연구)

  • Kim, Kwang-Soo;NamGung, Jak
    • Proceedings of the Safety Management and Science Conference
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    • 2011.11a
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    • pp.397-411
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    • 2011
  • This study is aimed to measure the cause and effect relationship on observation on KS evaluation by surveys related to KS certification, opinions and satisfaction on KS certification, expected effect through KS certification, profitability performance, financial performance, and productivity performance based on department heads and acting chiefs working on KS certification, to SMEs which have acquired KS certification mark in Korea. This study aims to examine how KS certification is impacting on companies' expected effects, management performance and development by examining the realistic effects of KS certification in various aspects and expected effects on companies.

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A study on the effects of continuing business intent of third party logistics company on logistics outcomes (제3자 물류기업의 지속적 거래의도가 물류성과에 미치는 영향에 관한 연구)

  • Yang, Hong-Jun;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.18 no.4
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    • pp.123-130
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    • 2016
  • In global competition composition changing rapidly, domestic industry faces changes and logistics industry, one of service industries, is recognized as an important factor for development of domestic industry and national economy. At this moment, companies must suggest differentiated service, strategies, etc. so as to create and maintain competitive advantages in comparison with other companies. The requirements preannounce big movement of third party logistics market. Therefore, government, logistics industry and academic world have suggested lots of studies so as to vitalized third party logistics market. The purposes of this research are to verify that innovative changes are necessary to be existing in fierce competition of third party logistics market and analyze the effects of third party logistics on logistics outcomes so as to form continuous relations with shipper.