• Title/Summary/Keyword: Policy funds

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A Study of Reservoir Management System in Japan - Focus on Hyogo Prefecture - (일본 농업용 저수지 관리 체계에 관한 연구 - 효고현을 중심으로 -)

  • Park, Jin-Wook
    • Journal of Korean Society of Rural Planning
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    • v.27 no.1
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    • pp.1-8
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    • 2021
  • The study aims to draw out implications regarding systematic reservoir management through analyzing the reservoir conservation activities and policies in Hyogo Prefecture which has the most agricultural reservoirs in Japan and similar agricultural form to that of Korea. The results are as follows. First, it turns out that consistency in policies and persistent drive are key to success. Since the late 1990s, the Hyogo Prefectural government has expanded the reservoir conservation policies, consistently trying to ellicit the multifunctionality of reservoir, and also has shown persistent drive toward the conservation policies through systematic process. Second, it is clear that the Prefectural government has shown a great degree of activeness. It established ordinances before acts were legislated by the central government. In addition, the Hyogo Prefectural government ran a supportive organization with its own funds. Third, the establishment of systematic enforcement system played a critical role. The efficiency in the policy enforcement derived from the dual conferences, Prefectural-level conference dealing with the related policies throughout the Prefecture, and local-level conference discussing policies based on regional characteristics.

Exploring National Science and Technology using Research Resource Knowledge Graph (연구리소스 지식그래프를 활용한 국가과학기술정보 탐색)

  • Cho, Minhee;Yim, Hyung-Jun;Song, Sa-kwang
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.10a
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    • pp.621-623
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    • 2021
  • Open science policies are spreading that disclose, share, and utilize research results produced through government public funds. As a policy to revitalize open science, interest in research support services that allow easy search, access, and reuse of results is increasing. To support services to provide researchers with various information, we propose a research resource knowledge graph model to meaningfully express the relationship between the scattered various outcome data. In this paper, it contributes to the improvement of the service of the national research data platform DataON by meaningfully connecting national R&D task information, researcher information, performance information, and research data information.

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Macroeconomic Determinants of Housing Prices in Korea VAR and LSTM Forecast Comparative Analysis During Pandemic of COVID-19

  • Starchenko, Maria;Jangsoon Kim;Namhyuk Ham;Jae-Jun Kim
    • Korean Journal of Construction Engineering and Management
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    • v.25 no.4
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    • pp.53-65
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    • 2024
  • During COVID-19 the housing market in Korea experienced the soaring prices, despite the decrease in the economic growth rate. This paper aims to analyze macroeconomic determinants affecting housing prices in Korea during the pandemic and find an appropriate statistic model to forecast the changes in housing prices in Korea. First, an appropriate lag for the model using Akaike information criterion was found. After the macroeconomic factors were checked if they possess the unit root, the dependencies in the model were analyzed using vector autoregression (VAR) model. As for the prediction, the VAR model was used and, besides, compared afterwards with the long short-term memory (LSTM) model. CPI, mortgage rate, IIP at lag 1 and federal funds effective rate at lag 1 and 2 were found to be significant for housing prices. In addition, the prediction performance of the LSTM model appeared to be more accurate in comparison with the VAR model. The results of the analysis play an essential role in policymaker perception when making decisions related to managing potential housing risks arose during crises. It is essential to take into considerations macroeconomic factors besides the taxes and housing policy amendments and use an appropriate model for prices forecast.

An Empirical Study of Two Different Groups of Zero Leverage Firms in Korea: Firms with Financial Constraints and Firms with Debt Avoidance for Future Investment (국내 무부채 기업의 두 종류 기업군에 관한 실증적 연구: 재정적 제약을 갖고 있는 그룹과 재무적 유연성을 추구하는 그룹)

  • Yang, Insun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.11
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    • pp.804-813
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    • 2020
  • This paper finds that Korean zero-leverage firms are not homogeneous. By conducting both univariate and multivariate logit regression analysis, this paper finds that Korean zero-leverage firms have zero leverage as either a consequence of financial constraints or because of a strategic decision to mitigate under-investment incentives and preserve financial flexibility. There are two distinct groups of unlevered firms with different levels of constraints as measured by their dividend policy, namely dividend payers and non-payers. Importantly, this paper finds new evidence that these two groups have different motives for selecting a zero leverage policy. Firms in the first group (non-payers) have zero leverage, mainly due to financial constraints. They rely heavily on their internal funds and consequently invest in fewer growth opportunities than their levered counterparts. Firms in the second group (payers) deliberately avoid debts and preserve financial flexibility to mitigate investment distortions, as predicted by the under-investment and financial flexibility hypotheses.

A Studies on the Characteristics of Korean Government Policies for Venture Business During 2002-2012 (2002-2012년의 한국 벤처창업정책의 특징 연구)

  • Ha, Kyu-Soo;Hong, Kil-Pyo;Lee, Choonwoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.1
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    • pp.15-24
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    • 2017
  • This research is focused on how the venture-startup policies of South Korea has changed for the last ten years and then scope on its outcomes, limits and suggestions. Several policies for venture-startup has begun when "Small Business Startup Support Law" was developed in 1986. Government's support policies for venture and startup and development of venture had made a turning point in 1997 "Act on Special Measures for the Promotion of Venture Business" and venture companies has achieved remarkable growth with Information Technologies(IT). However, with the global IT bubble and the enrichment of venture companies, a number of venture companies experienced considerable difficulties due to multiple thresholds. There were a lot of efforts to revitalize venture-startup ecosystem such as fostering innovative SMEs and one-person creative enterprise support policy. From 2002 to 2004, Korean Government focused on preventing moral hazards of Korean Venture Business. From 2005 to 2006, It focused on fostering the role of venture capitals, and From 2007 to 2012, Single start-up business has been fostered by government policies. Generally speaking, it can be said that venture-startup policy was emphasized on building the hardware infrastructure of venture-startup and supporting with the funds.

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A Study on the Process Improvement of ICT Technological Innovation System : with the Focus on Classification and Assessment of R&D Projects (ICT 기술혁신체계 프로세스 개선방안 연구 : 과제구분 및 선정평가를 중심으로)

  • Rim, Myung Hwan;Koh, Soon Ju;Lee, Jung Mann
    • Korean Management Science Review
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    • v.33 no.3
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    • pp.53-64
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    • 2016
  • The government is mapping out R&D innovation measures aimed at improving the qualitative level of the performance of national R&D projects that are supported by grants or public funds. This paper proposes ways of making improvements in technology planning, project assessment, performance management, and results evaluation in order to boost the efficiency of the country's promotion of ICT R&D projects, as well as to upgrade the processes involved with its technological innovation system at each of the commercialization stages of its R&D projects. According to our experts' in-depth survey and interview, it has been found that technology planning is the most important phase in the full cycle-based technological innovation system and that the promotion of a combination of top-down and bottom-up approaches is the most reasonable. This paper also suggests it is necessary to secure a process for exploring technological opportunities as the preparatory phase for technology planning, and that it is desirable to reflect the technology demand map associated with the technology road map. Currently, R&D projects are divided into policy designation, designation contest, and free contest. To minimize the inefficiency associated with indiscriminate competition, this paper proposes the introduction of a general contest system in order to change the project assessment system into one based on the results of the competition in each category(e.g. firms, universities, research institutions, etc.).

A Study on the Timeliness for Performance Evaluation of Government-supported Information Policies (중소기업의 정부지원 정보화정책 성과평가 시점 연구)

  • Kim, Lark-Sang;Oh, Sang-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.4
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    • pp.872-876
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    • 2009
  • The government has funded various types of projects to promote small and medium companies' computerization for several years. Most of these government-supported funds have been free and given small and medium firms good opportunities. The government has made various effects to manage results of these government-supported projects. We have not seen any noticeable research on the performance evaluation of government-supported projects for small and medium companies' computerization. This research proposes an approach that performance evaluations are made in different time based on evaluation area of government-supported information policy. The empirical study has been made by correlation analysis and has shown that the correlations among measurement factors are significant enough. The performance evaluation for government-supported information policy has been made differently in time depending on evaluation subjects such as organizational strategies, internal operations, supporting processes. Th experimental study shows that performance evaluations on organizational strategies, internal operations, supporting processes should be made respectively in long term(step3), mid term(step2), and short term(step1).

A Study on the Improvement of the Supporting Policy Efficiendy through the Analysis of the Demand for Direct Commercialization of Technology in Universities and Research Institutes (대학·연구기관 보유기술 직접사업화 지원사업의 수요분석을 통한 지원정책 효율성 개선 방안)

  • Cho, Sung-Nam;Jeong, Yoon-Su;Oh, Chung-Shick
    • Journal of Convergence for Information Technology
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    • v.8 no.5
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    • pp.229-236
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    • 2018
  • In the past, technology commercialization was implemented in a narrow sense, such as technology transfer or start-up support. It has been pointed out that lack of entrepreneurial experience, failure in technology development, and insecure markets lead to failure of technology commercialization. The project supporting direct commercialization of technologies owned by academic and research institutes conjoins public funds and operating power of large enterprises to introduce a new technology commercialization model that combines commercialization technology with capital, market, and government policies. And pain points for direct commercializing technology was derived. Through research and analysis, a gap was found between the demand factors and the capability of the actors performing the technology commercialization, and it showed a significant correlation with the paint points. In consequence, measures were drawn to improve support policies to enhance the efficiency of commercialization of technologies held by universities and research institutes.

The government official support status of the agricultural diseases, injuries and accidents among Korea and foreign countries and the implication of the agricultural policy of Korea (해외의 농업안전보건지원 실태 및 국내정책의 함의)

  • Lee, Kyung Sook;Choi, Jeong Wha;Baek, Yoon Jeong;Kim, Kyung Ran;Kim, Hyo Cher
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.17 no.2
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    • pp.89-100
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    • 2007
  • Object: The purpose of this study was to survey the government official support status of the agricultural diseases, injuries and accidents among Korea and foreign countries and to suggest the agricultural policy of Korea. Methods: For this purpose, we analyzed the current national management support status among four foreign countries and Korea about agricultural diseases, injuries and accidents of farmers. For the foreign countries and the national support current status of agricultural diseases, injuries and accidents, related literature such as books, theses, articles, and web documents from the government organization of each countries were collected and analyzed. Key words for web-site and web documents were agricultural diseases, injuries, and accidents, government official system, safety and health, farmer's welfare, and farmer's official support system. UK, United States of America, France, and Japan were selected as the foreign countries' cases. Results and Conclusions: Implications for the agricultural diseases, injuries and accidents derived from the reviews among foreign countries and Korea were as follows: governmental supports should include (1) efforts on unifying administrative systems, (2) special support and management systems focusing on special subjects such as the agriculture that have been neglected, (3) aligned strategies including vision, goals, long-term plans about national safety and health projects, (4) development of supporting systems considering the features of agriculture, (5) systemized national surveys about occupational injuries and accidents for basic statistics and national studies, (6) active prevention efforts of agricultural diseases, injuries and accidents, and (8) specialized funds for safety and health of Korean farmers.

A Study of Securing various Financial Resources for the Financial Stability of the Private Colleges (대학의 재정 안정화를 위한 재정확보에 관한 연구)

  • Roh, Kyung-Ho
    • Management & Information Systems Review
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    • v.19
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    • pp.49-81
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    • 2006
  • The private college education plays a crucial role both in training and supplying manpower needed for national economic growth and in increasing employability and personal labor earnings of individual workers. In oder for private college education to effectively respond to the rapid changes in industrial and occupational structures, it is necessary to secure appropriate level of investment funds and manage them efficiently. For this, it is required to discuss the structure, magnitude and management mechanism of the current private college education finance, changes in future demand for private college education and resultant changes in budget estimates, and new financial resources and allocation schemes. This study attempted to analyze current status and problems of private college education finance in Korea and, based on this analysis, to suggest future policy directions to improve private college education finance system. In order to make the private college education system in Korea competent and competitive enough to survive in international market, it is prerequisite to provide enough budget for the private college education and to manage the private college education finance in more efficient ways. First, for securing the adequacy and stability of investment budget for the private college education, it is recommended to 1) increase the government budget and put emphasis on the private college education; 2) diversify financial resources and induce financial contribution from private sector such as school juridical persons and enterprises. Second, for higher efficiency of financial management, it is recommended 1) make valid allocation standards and mechanism; 2) introduce competition system; 3) develop and utilize evaluation mechanism for the private college education finance to check adequacy, efficiency, accountability, and effectiveness; 4) apply consumer-oriented financial management scheme. In addition to the above policy measures, it is necessary to 1) make scientific forecasts of industrial and occupational structures periodically and apply these analyses to medium & long-term the private college education planning; and 2) redesign budget accounting system and develop the private college education performance indicators for the evaluation of accountability of the private college education institutions and administration institutes.

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