• Fourth Industrial Review
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• v.2 no.2
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• pp.39-46
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• 2022

Purpose - This study analyzes the investment environment of South Korea by using the rating scale of Robert B Stobaugh, Jr, and draws conclusion implication. Research design, data, and methodology - The study conducted a survey on according to the political stability, capital repatriation, foreign ownership allowed, discrimination and controls, foreign vs domestic businesses, currency stability, willingness to grant tariff protection, availability of local capital, and annual inflation for last 5 years. The score of these eight aspects will be given based on the current situation in South Korea and the sum of the scores will be calculated. Result - China-Korea economic and trade relations are in a stage of transformation and upgrading, and the level of economic and trade cooperation in various fields is reaching a new level. It is hoped that Chinese enterprises will grasp business opportunities, strengthen research and analysis of the Korea market and achieve mutually beneficial cooperation. Conclusion - The investment environment of South Korea is superior according to the political stability, capital repatriation, foreign ownership allowed, discrimination and controls, foreign vs domestic businesses, currency stability, willingness to grant tariff protection, availability of local capital, and annual inflation for last 5 years.

• Nuclear Engineering and Technology
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• v.56 no.8
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• pp.3369-3377
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• 2024

As the realization of carbon neutrality has been a main assignment for coping with the global climate change, it became necessary to analyze upcoming changes in electricity mix with economic and technical viewpoints. This paper presents a newly-developed simulation model that reflects the daily intermittency of renewable energy by applying daily average power supply-demand patterns for each season. Also, the paper provides an economic analysis in the viewpoint of investment cost, annual cost and power generation cost by utilizing the calculations from the simulation model. Four scenarios are selected for the analyses, one based on the Korean Government's 2050 Carbon Neutrality Scenario and three Nuclear Power Build-up scenarios, which are newly suggested by the authors. The simulation results show that the increase of nuclear energy from 5.7% of Government's Scenario to 37.7% of the proposed Nuclear Power Build-up Scenario leads to the decrease of about 704 billion US$ in investment cost and about 181 billion US$ in annual cost; with reduction in the increase of 2050 expected generation cost from 3.1 to 1.6 times compared with the referenced 2021 average cost. Further, this study has significance in performing the economic analysis with the expected daily power supply-demand patterns in 2050.

• Journal of Korean Society of societal Security
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• v.4 no.2
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• pp.57-64
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• 2011

Although it is uncertain that the cause of changed pattern of the natural disaster related to water (i.e. flood and drought) is due to excessive carbon dioxide yielded from economic activity or the increased number of sunspots, it is apparent that there have been unusual climate change that directly affects the water resource management. Due to such a frequent unusual weather activities, there have been increased natural disaster and the most direct and major reason is considered as climate change. As we see, the climate change necessarily causes social costs. Especially, the effects on the water resource due to flood and drought take the considerable part of such costs. Therefore, this study is basic work to develop a new economic analysis technique to be used in pursuing appropriate adaptation project in field of the amount of cost damage through analysis of the effects of the climate change on the water resource. The models appeared in many reports for cost assessment of climate change were various (e.g., PAGE, DICE, AIM, IMAGE, MERGE, and etc.) and this report summarizes general characteristics of each model. To assess the effects of climate change of the water management, we defined the field of the water management on climate change. The results help post-study in field of the climate change's social-economic effect assessment, can be employed for the prioritizing process of the national fund's investment.

• Journal of Korean Society of Forest Science
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• v.110 no.3
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• pp.453-461
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• 2021

The energy use of forest biomass is crucial to deal with climate change and achieve the carbon-neutral goal. This study aims to analyze the economic feasibility of forest biomass thermal energy facilities and calculate the optimal subsidy level of heat supply to ensure continued operation of the facilities. To achieve this aim, the net present value approach (NPV) and call option price model are adopted considering wood chip price volatilities. The Forest Energy Self-Sufficient Village Project financed by Korea Forest Service is considered as the research case study. In our analysis, when 50% of the initial investment is given to the subsidies and RECs are applied to only power generation, NPV and IRR are both negative and the investment value using the real option model is also zero. We concluded that some heat subsidies should be acknowledged to keep the facilities operating. Besides, the simulation results reveal reliable economic values when the heating subsidy is priced at KRW 0.0248 per kcal.

• Journal of Digital Convergence
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• v.14 no.8
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• pp.47-56
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• 2016

This study is on the actual analysis of R&D investment effect through DEA in terms of efficiency resulted from forestry sector climate change response R&D project. Namely, it is clarifying the mechanism of the scientific, technological, social performance result and output, depending on research development cost, employment size as same input. Also, it is in-depth analysis on which performance operates more efficiently in any detailed business. With the study result, we seek political implications to enhance investment effect and core element to consider R&D business project in the future.

• Proceedings of the Korean Society of Crop Science Conference
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• 2017.06a
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• pp.11-11
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• 2017

The most drought resistant among the five most important cereal crops, and a key dual-use (grain and biomass) crop in regions containing some of the world's most degraded soils, sorghum has inherent climate resilience that is likely to become more important under environmental conditions that are projected by many climate change models. The importance of sorghum might be further elevated by the development of productive genotypes that increase the extent and duration of soil cover beyond those of conventional annual crops, mitigating or even reversing losses of ecological capital through multiple crops from single plantings. Rich genetic and genomic resources have been developed to link Sorghum phenotypic diversity to its molecular basis, and in particular the genus has become a model for dissecting the molecular control of perenniality. Nature has made Sorghum perennial at least twice, and crosses between wild perennials and cultivated sorghums show the feasibility of developing genotypes with varying degrees of investment in perenniality while still providing harvestable food, feed, sugar and/or cellulose. Genetic analysis of progeny from these crosses is revealing the hereditary basis of traits related to ratooning and perenniality and providing diagnostic DNA markers. One perennial Sorghum species has adapted to continents and latitudes far beyond the reach of its progenitors, surviving stresses year after year that are only periodically experienced by conventional (annual) sorghum, and may also harbor novel alleles that may mitigate production challenges in conventional annual sorghums.

• Journal of Korea Society of Industrial Information Systems
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• v.26 no.6
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• pp.17-34
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• 2021

As knowledge management is recognized as an important factor for organizational performance, organizations are increasing their investment in knowledge management policies and technologies. The purpose of this study is to suggest positive and negative causes on the intention to share knowledge through a using knowledge management system(KMS) and to suggest the effect of organizational sharing climate. Research models and hypotheses were presented through previous studies, and 417 samples were obtained through the survey for employees of organizations that adopted a KMS. As a result of the analysis, usefulness and ease of use of the KMS had a positive effect on the intention to share knowledge, and task conflict and ambiguity had a negative effect. The knowledge sharing climate was found to be an antecedent for the technology acceptance model and task stress. In addition, task stress moderated the effect of usefulness and ease of use with the intention to share knowledge using KMS. The results suggested the direction to be pursued at the organizational level for the continuous use of KMS.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.6411-6418
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• 2015

To respond the climate change and environmental pollution, the studies on renewable energy policies are increasing. The renewable energy is a new growth engine technology represented by the green industry and green technology. At present, the investments for the renewable energy supply and technology development projects of three main strategy sectors such as sunlight, wind power and hydrogen fuel cell are implemented in our country, while they are still in the early stage, accordingly reducing those uncertainty for the research direction and investment fields is the most urgent issue among others. Thus, this study applied text mining method and multinominal topic model among the big data analysis methods on our country's newspaper articles concerning the renewable energy over the last 10 years, and then analyzed the core issues and global research trend, forecasting the renewable energy fields with the growth potential. It is predicted that these results of the study based on information and communication technology will be actively applied on the renewable energy fields.

• Journal of Energy Engineering
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• v.23 no.2
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• pp.74-82
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• 2014

The government is planning to expand the bio-gas supply as a method for mitigating greenhouse gas emissions to deal with climate change. By means of a policy instrument, the government is considering an introduction of the Renewable Fuel Standard (RFS) whose targets include bio-gas. This paper attempts to look into the economic effects of expanding the bio-gas supply by applying an input-output (I-O) analysis using a 2011 I-O table. The bio-gas supply sector consists of liquefied petroleum gas supply sector and city gas supply sector, based on the tenets of introducing the RFS. The production-inducing effect, value-added creation effect, and employment-inducing effect of the bio-gas sector are analyzed. The supply shortage effect and the price pervasive effect are also investigated. The results show that the production or investment of 1.0 won in the bio-gas supply sector induces the production of 1.0539 won and the value-added of 0.1998 won in the national economy. Moreover, the production or investment of 1.0 billion won, supply shortage of 1.0 won, and a price increase of 10.0% in the bio-gas supply sector touch off the employment of 0.5279 person, 1.6229 won, and an increase in overall price level by 0.0183%, respectively.

• International Commerce and Information Review
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• v.12 no.4
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• pp.67-109
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• 2010

The theory of creative class has shown that the creative people are the key factor of success in regional economic growth. The creative people strengthen the economic competitiveness which is crucial to attract, cultivate and mobilize the resources of that region. In order to examine the theory of creative class for regional economic growth and firm productivity in Korea, this study uses the panel data of 492 Korean firms of the industrial complex producing electic and electronic manufactured goods. They are grouped into 10 industrial complexes among 16 metropolitan areas. Our findings demonstrate that creative class and 3Ts are related to the ratio of creative population density and the regional economic growth. Specifically the creative core class is of more significance to the regional economic growth than the creative professional class or the creative artist class. In our findings the panel analysis of random effects model shows that the talent index of 3Ts as well as the regional climates arc related to the individual firm's total factor productivity. This also reflects a conglomeration of the other regional climates statistically. On the other hand, the research and development expenditure of individual firms shows positive influence for each second consecutive year for the total factor productivity. Sales volume also contributes to the total factor productivity. In conclusion, we recommend that it is important to upgrade the level of creative climates by attracting the creative minds and R&D investment of the enterprises for regional economic growth and firm's total factor productivity.