• Title/Summary/Keyword: Real Estate Policies

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An Input-Output Analysis on the Economic Effect of the Korean First Medium-term Logistics Plan (2001-2005)

  • Pak, Myong-Sop;Yoon, Jae-Ho
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.40
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    • pp.33-63
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    • 2008
  • This study introduces the adoption of the logistics industry by the Korean government as a threshold of overcoming economic difficulties. The core contents of the National Logistics Plans (2001-2020) which contain the basic principles of the logistics policies of the Korean government and its aim to be an 'Excellent Nation of Logistics' is introduced. The economic effect of the logistics policies implemented between 2001 and 2005, (the period of the first Medium-term Logistics Plan according to the National Logistics Plans (2001-2020) set up by the Korean government at the end of 2000) is estimated through input-output analysis. The input-output analysis result is as follows: the total output effect is 8,856 billion won of which indirect output effect is 3,982.9 billion won; indirect output effect comes mainly from real estate and business services, non-metal products, metal products, electrical and electronics products, finance and insurance, wholesale and retail, petroleum and coal; the total amount of value-added effect is 3,376 billion won and total import effect is 726 billion won. Employment effect including self-employed and unpaid family supporters with paid laborers is 79,203.7 people of which paid laborers comprise 67,547.7 people.

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Analysis of Short-Term Impact of Tax Policy on Housing Purchase Price in Small and Medium-sized Cities in Korea (세금정책이 중소도시의 공동주택 매매가격에 미치는 단기 영향분석)

  • Oh, Kwon-Young;Jeong, Jin-Won;Lee, Donghoon
    • Journal of the Korea Institute of Building Construction
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    • v.22 no.1
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    • pp.81-90
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    • 2022
  • With apartment purchase prices rising, small and medium-sized cities have been highlighted as areas in which real estate speculation is overheated, and thus designated as target districts for adjustment. In addition, tax policy is constantly being adjusted in an attempt to stabilize real estate prices. The purpose of this study is to analyze the basic effect of tax policy on the purchase price of apartments in small and medium-sized cities. This study selected apartments in the Daejeon area that were constructed between 1990 and 2015. In addition, tax policy was divided into regulatory policy and easing policy based on tax increase and tax cut. This study analyzes the short-term difference of one year before and after the change in the purchase price of apartment houses. In addition, this study set the time when real estate policy was implemented and the actual transaction price of apartments in Daejeon as the analysis targets, and analyzed the correlation between tax policy and apartment sales prices through the NPV technique and T-test results. Through the study, it was found that most tax policies changed apartment purchase prices in the short term.

The Influence and Construction Strategies of Constructor under the PL Law in Construction Industry (건설산업에 있어서 제조물책임법의 시행에 따른 영향과 대응방안 기초연구)

  • Kim, Jin-Ho
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.4
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    • pp.127-134
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    • 2004
  • The purpose of this study is to suggest the rational plans of Construction Policies under Product Liability Law. The results of this study are summarized as follows: 1) Analytical survey of actual Influence under Product Liability Law in Construction Industry. 2) Review of Business Strategies of Constructor and Building Material Supplier. Although real estate including apartment is excepted from the application of product liability law, constructor are not perfectly free to the product liability law. And the expectancies of this paper are that it can be used as efficient data for improvement of system to systematize contents of Product Liability Law in korea.

The Identification of Industrial Clusters in the Chungbuk Region in Korea

  • Cho, Cheol-Joo
    • World Technopolis Review
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    • v.6 no.2
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    • pp.130-147
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    • 2017
  • This paper aims to identify the spatial concentrations and linkage properties of industrial clusters in the Chungbuk Province region in Korea using a three-step approach, which is composed of the cluster index, Getis-Ord's $Gi^*$, and qualitative input-output analysis. The results of the study reveal: a) what industrial sectors are concentrated and where they are; b) where the spatially interdependent industries are; and c) how the industrial sectors of the identified clusters in different locations are vertically interconnected. In addition, the degree of strength of the interindustry linkages between industrial clusters are assessed. Based on the findings, some plausible industrial policies are suggested.

The Emerging Trend of Technological Convergence and Tasks for Science Parks

  • Kang, Byung-Joo;Oh, Deog-Seong
    • World Technopolis Review
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    • v.1 no.1
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    • pp.16-26
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    • 2012
  • Many scientists today say that converged technologies, not specifically dedicated technologies, will be in the vanguard in the $21^{st}$ century. Technological Convergence is the merging of different areas of technology to perform similar tasks. Since we are living in the era of Technological Convergence, it is time for us to think about how to cope with the daily demands we are facing in science parks. Technological Convergence is a mega trend in commercial areas today but, so far, no science parks seem to have tried to reshape their management policies or programs in order to utilize this trend. For the development of science parks we suggest some tasks such as: identify potentials for Technological Convergence, establish a convergent ecosystem by building connections across stove-piped systems, effect a technological convergence platform, and conduct further research for strengthening plans for converging technologies.

Changes in Household Saving Rate and the Influencing Factors (가계 저축율의 변화 추이와 영향요인 분석)

  • Lee, Seong-Lim
    • Journal of the Korean Home Economics Association
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    • v.49 no.8
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    • pp.37-46
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    • 2011
  • Using the 1987-2008 quarterly aggregated data of the Household Income and Expenditure Survey, this study investigated the factors influencing household saving rate. The independent variables in the AR regression model were the GDP growth rate, shares of the total household expenditure allocated to tax & social insurance, and education, the variables reflecting the conditions of the asset market including interest rate, stock market index, and real estate price index, and the variables representing the social economic conditions including the index of aging and income inequality. Among the independent variables interest rate, stock market index, and income inequality were found to be significantly associated with the household saving rate. These results suggested that the redistribution and financial market policies favorable to savers may be effective for raising the household saving rate.

Sustainable Buildings - or Sustainable Cities?

  • Schwettmann, Mark
    • International Journal of High-Rise Buildings
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    • v.4 no.2
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    • pp.103-107
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    • 2015
  • China's rapidly growing cities offer a unique opportunity to create highly sustainable communities. Architects and their clients, typically real estate developers, are highly focused on strategies that are effective at reducing energy and water usage at the scale of the individual building or within a master plan of multiple related buildings. However, a closer look at energy consumption reveals that transportation uses more energy worldwide than residential and commercial buildings combined. In light of this, it is appropriate that China is making massive investments in transportation infrastructure like heavy rail rapid transit and grade separated expressways, but the end result of these investments to date has been to enable people to live further from where they work and shop rather than closer - while simultaneously not creating walkable communities. Using positive and negative examples from Asia and the rest of the world, this article will investigate the specific urban design policies such as height limits, setbacks, land use restrictions, parking ratios, and parcel size which might change to enable the creation of truly sustainable communities for China's 21st century.

Regional Revitalization Policies of the Ruhr, Germany: Path Dependence or Path Creation? (독일 루르지역의 지역재생정책: 추진과정과 성과에 대한 경로이론적 접근)

  • Shin, Dong-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.1
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    • pp.200-213
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    • 2014
  • During the 1970s and 1980s, most of the industrial cities of the Western World went through serious de-industrialization process. While the economy of the cities declined, the cities were suffering from the lack of job opportunities, under-use of industrial infrastructure, and environmental degradation. Many of the cities attempted to tackle such problems, but very few of them have succeeded. However, the Ruhr area is showing some promising signs. This paper attempts to analyze regional revitalization policies of Dortmund, a central city of the Ruhr, and looks into the processes and outcomes of the policies. The author argues Dortmund has successfully created and set forth a new industrial path based on high-tech industries, such as information technology, micro-electromechanical systems(MEMS), logistics, and biomedical industries, away from its traditional industries, such as coal mining and steel making. Speaking from the perspective of path theory, he continues to argue that Dortmund has successfully 'locked-out' from the traditional industries, in contrast to the Grabher's argument.

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A Study on the Utilization of ESG for Reducing Carbon Emissions in the Building Sector and Development Directions (건물부문의 탄소배출량 절감을 위한 ESG의 활용방안과 발전방향)

  • Sang Duck Moon
    • Environmental and Resource Economics Review
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    • v.31 no.4
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    • pp.801-824
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    • 2022
  • Recently, United Nations found that 38% of global carbon emissions are generated in the building sector, surpassing other industries (32%) and transportation (23%), and ESG is actively used as a way to reduce carbon emissions in the building sector, led by overseas advanced countries. In Korea, as the National Pension Service announced "Consider ESG with more than 50% of investment assets" this year, the move to introduce ESG in the building sector is accelerating, centering on construction companies and asset management companies. However, as the domestic ESG evaluation system is still mainly focused on corporate governance and social responsibility, interest in the environmental sector is lagging behind that of advanced countries. As ESG in the building sector is expected to grow rapidly over the next 10 years, I would like to suggest the following development directions. The first is the expansion of the incentive system. In order for the government to successfully implement policies related to ESG in the building sector, incentive system such as tax reduction and building standards should be expanded further than now in addition to negative systems such as rent restrictions and punishment taxes due to regulatory violations. Second, standardized ESG standards are established. Rather than creating an independent Korean ESG standard that is far from global standards, it is necessary to organize the common parts of global standards and evaluation methods and create and provide guidelines in the form of standard textbooks that can be used equally by all stakeholders. Third, it is an effort to link ESG in the building sector with Digital Transformation(DX). This is because actual energy savings and carbon emission reduction can be realized only when the operation method of the building sector, which is operated mainly by manpower, is digitalized and converted to an intelligent way.

A Study on the Characteristics of Detroit's Improving Empty Homes Method from the perspective on abandoned space (유휴공간 관점의 디트로이트 빈집정비 방식의 특성에 관한 연구)

  • Oh, Joon-Gul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.7
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    • pp.475-480
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    • 2016
  • Abandoned empty houses are largely left neglected as unused space, due to the slowdown in the real estate market that has resulted from the declination of urban functions. This research aims to analyze the characteristics of the City of Detroit's policies and regeneration efforts regarding abandoned houses, based on the perspective of unused space. This is expected to provide the baseline data for similar efforts to be applied to abandoned houses in the Korean context, thus preventing the decline of urbanism by adopting relevant policies and regeneration efforts. Some of the key features of the City of Detroit's regeneration efforts are: 1) the active participation of residents and open-data policies, 2) the diversification of regeneration strategies depending on the potential of the unused space, and 3) securing differential plurality of the regeneration processes.