• Economic and Environmental Geology
• /
• v.40 no.6
• /
• pp.805-814
• /
• 2007

To offer R&D infrastructure on geoscience and mineral resources area, a new project was launched in KIGAM to build-up of a 'Ready-Operational Physical Properties Laboratory'. In this study, we evaluate the economic impact of the concentration of physical properties measurements equipment and facilities in KIGAM. As centralization of physical properties measurements of earth samples, the direct effects, annual measurement cost reduction and equipment opportunity cost are expected 1,095 million Won (US$1.095 million) and 1,440 million Won (US$1.440 million) in present aspects, and 1,110 million Won (US$1.110 million) and 1,527 million Won (US$1.527 million) in future aspects. The indirect economic effect by increasing of the relative papers is estimated 7,524 million Won (US$7.524 million) by the input cost approach, and the contributions of gross domestic product are 8,010 billion Won (US$8.010 billion) in the heavy construction industry and 260 billion Won (US$0.260 billion) in the mining and quarrying industry.