• Journal of Korean Society on Water Environment
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• v.31 no.5
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• pp.543-555
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• 2015

The existing standard for soil erosion risk assessment has limitations in sustainable topsoil management since the fixed criteria are applied to determination of soil erosion risk areas regardless of land use types. It may not be necessary to apply soil erosion best management practices to agricultural areas with high potential of soil erosion because human or economic damage derived from soil erosion might be tiny in that region. Furthermore, the fixed criterion with absolute values can select too many hot spots of soil erosion to conduct efficient soil erosion management. Thus, objective of this study was to suggest the relative criteria using statistical analysis for efficient soil erosion management. In future, the relative indices for soil erosion prevention should be improved to provide a priority of soil erosion management considering economic damage from soil erosion or functional values of soil with quantitative soil erosion. Additional researches will be needed to reflect a regional characteristics and to consider various land use types and different criteria.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.6
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• pp.4284-4290
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• 2015

Recently, due to a decline in traditional industrial function and recession of the real estate business, urban coastal settlement areas have been promoted in a regeneration way using historical cultural values rather than overall development approach. This study investigated the regional assets of water-front area around Yeongdodaegyo Bridge in Yeongdo-gu, Busan and classified them into physical social economic assets and then, presented the integrated regeneration approach that can increase the place value of this area. First, physical regeneration proposed a regional revitalization plan by considering place and cultural characteristics and second, social regeneration by considering the regional brand through storytelling and third, economic regeneration by considering historical cultural characteristics. Regional assets-based culture experience can be provided by building cultural tourism infrastructure through this and local economy and local community activation can be expected by providing urban vitality base of coastal settlement areas.

• Journal of the Economic Geographical Society of Korea
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• v.24 no.3
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• pp.350-364
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• 2021

The purpose of this study is to examine changes in local government objectives due to the change of local government heads in Hwasun-gun of Jeonnam province, and to analyze performances of regional development policies, regional development vision, and local government objectives setting by the 6th local election. The local government objective and slogan of hwasun-gun continued to change due to frequent replacement of local government heads from 1st to 6th local election. The slogan of the 6th local election was set as 'Luxury Hwasun, Happy Citizens' and addition, six local government objectives were set: trusted administration, shared welfare, attractive culture, vibrant rural areas, dream-planting education, and vibrant economies. The performance of local government objectives of the 6th local election showed a 90% achievement rate compared to the planned goal.

• Journal of the Economic Geographical Society of Korea
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• v.8 no.1
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• pp.1-16
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• 2005

Literature on cluster theory and cluster policy has been focused on the differences between mature industrial areas and innovative regions. Mature industrial areas are described as possessing little competence for innovation and lacking entrepreneurship to be transferred an innovative region, say, an innovative cluster. Old industrial regions are, however, rich in social capital, local networking, and regional institutionalization. This paper compares Buchon's mature industries with Daejon's bio-sector new start-ups in terms of innovative potential, socio-economic and cultural-economic mechanisms. Policy implications such as networking and business support systems on the differential types of industrial regions are offered.

• Journal of Korean Society of Rural Planning
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• v.13 no.4
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• pp.23-30
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• 2007

The purpose of this paper is to estimate economic value of multi-functionality roles including landscape and so on, which grassland in Jeju possesses, using Dichotomous Choice Contingent Valuation Method (DC-CVM). Grassland is life cultural heritance of regional residents in Jeju. It has functions like development of favorable landscapes, maintenance of cultural heritage, and recreation/relaxation. Expectation from regional visitors shows that the existence and inheritance value of grassland is higher than we expected. According to the research that we had done from the people that had agreed to contribute grassland. moreover the public commercial value of grassland was not only $397{\sim}419$ billion won but also it will increase an economic gain in every year in Jeju. Therefore, preserving grassland that has multi-functional roles and values can lead to huge economic value in the future in Jeju. Moreover, farm households which are located in the grassland conservation area would be supported $15{\sim}31$ billion won in every year for grassland conservation but it is only $4{\sim}8%$ of the economic value of grassland i.e. $3,971{\sim}4190$ billion won. Thus, grassland preservation policy and plan can raise green-tour commercial value of Jeju area as a long-term inside measurement. Those will have to be propelled continuously.

• Journal of the Korean Regional Science Association
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• v.10 no.1
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• pp.89-104
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• 1994

Recently, environmental issues have remained high on the agendas of public discussion and economic research. In the case of Korea, democratic movement in the late 80's centered people's concerns on the environmental dispute according to landfill, correctional institution, crematory, and nuclear powerplant, etc., Moreover, the failure to provide these kinds of facilities in time have caused serious social problems associated with environmental protection and economic development. The purposes of this paper are threefolds. First, they organize foreign and domestic NIMBYS case studies which have been settled in a desirable way. The second concern is to analyze the consciousness of NIMBYS resident by making up a questionnaire. Third, they estimate the market values of urban unwanted facilities by employing CVM(Contingent Valuation Method) procedure. The results of the study have a double implication : that NIMBYS resident are reluctant to accept government mechanical compensation based on simple published land values, and that unique concensus to preserve the viability and healthfulness of our environment among three main bodies: residents, people, government is necessary in solving NIMBYS subjects in Korea. In addition, this first implication develops to emphasize the intrduction of releveant measures taken to reconcile NIMBYS disagreement, which are complete openness of government policies, full support of local economic development, and perfect management of pollution protection systems for NIMBYS facilities.

• The Journal of Industrial Distribution & Business
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• v.10 no.11
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• pp.15-23
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• 2019

Purpose: Global economic integration has provided good opportunities and conditions for the development of foreign direct investment in Finances. Therefore, this paper attempts to explore what determines foreign direct investment in Finances of Organization for Economic Co-operation and Development (OECD) countries. Research design, data and methodology: This paper employs the panel data over the period 2005-2017 and uses the random effect model to estimate this proposition. Results: The results indicate that the foreign direct investment in services, growth rate of GDP, interest rate and saving are positively related with foreign direct investment in finances. Conversely, the growth rate of wage and fluctuation rate of exchange rate are negatively related with foreign direct investment in finances. Moreover, the results verify that the effect of these variables on foreign direct investment in finances is different before and after 2008 (global economic crisis). In addition, the results also manifest that the regional effect exists. Namely, the effect of these variables on foreign direct investment in finances between G7 countries and G20 countries exist significant difference. Conclusions: Those variables used in this paper are related with foreign direct investment in Finances of (OECD) countries.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.1017-1023
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• 2022

Past research shows that the construction of new infrastructure accelerates economic growth in the region by attracting more people and commodities. However, the previous studies only considered large-scale infrastructures such as sea-cross bridges and channel tunnels. There is a paucity of literature on regional infrastructure and its impact on socio-economic indicators. This paper explores the impact of new bridge construction on the human population, particularly focusing on regional bridges constructed during the 2000s in the state of Georgia. The human population at a county level was selected as a single socio-economic factor to be evaluated. A total of 124 cases were investigated as to whether the emergence of a new bridge affected the population change. The interrupted time series analysis was used to statistically examine the significance of population change due to the construction by treating each new bridge as an intervention event. The results show that, out of the 124 cases, the population of 67 cases significantly increased after the bridge construction, while the population of 57 cases was not affected by the construction at a significance level of 0.05. The 124 cases were also analyzed by route type, functional class, and traffic volume, but the results revealed, unlike large-scale infrastructure, that no clear evidence was found that a new bridge would bring an increase in the human population at a county level.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.397-407
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• 2022

The informal economy is a large part of the urban economy. The informal economy accounts for about half of Pakistan's GDP. This research examined nine different areas of Rawalpindi's Central Business District's business sector (CBD). A survey of 404 respondents from 16 CBD marketplaces enables a comprehensive examination of who works in the informal and formal economic sectors, how much they earn, their goals, perception of their job, and their degree of similarity to the rest of the working population. Furthermore, the statistics illustrate the pro-cyclical connections between the informal economic sector and the formal economy. The Multinomial Logistic Regression (MLR) technique is used for the analysis. The MLR results indicated the informal economic sector holds positive relation with earning members in a family, business expertise, average business sale, and negative relation with education level, satisfaction with government tax policies, household expense, and average investment in the business. From a resilience standpoint, governance is considered an intentional collective action to preserve a stable system condition. Hence, the current study recommends tax reforms and government institution reorganization to mobilize the informal sector and make effective institutional governance.

• Nuclear Engineering and Technology
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• v.56 no.5
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• pp.1654-1666
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• 2024

The goal of this research is to propose a way to maximize small modular reactor (SMR) utilization to gain better market feasibility in support of carbon neutrality. For that purpose, a comprehensive tool was developed, combining off-design thermohydraulic models, economic objective models (levelized cost of electricity, annual profit), non-economic models (saved CO2), a parameter input sampling method (Latin hypercube sampling, LHS), and a multi-objective evolutionary algorithm (Non-dominated Sorting Algorithm-2, NSGA2 method) for optimizing a SMR-combined heat and power cycle (CHP) system design. Considering multiple objectives, it was shown that NSGA2+LHS method can find better optimal solution sets with similar computational costs compared to a conventional weighted sum (WS) method. Out of multiple multi-objective optimal design configurations for a 105 MWe design generation rating, a chosen reference SMR-CHP system resulted in its levelized cost of electricity (LCOE) below $60/MWh for various heat prices, showing economic competitiveness for energy market conditions similar to South Korea. Examined economic feasibility may vary significantly based on CHP heat prices, and extensive consideration of the regional heat market may be required for SMR-CHP regional optimization. Nonetheless, with reasonable heat market prices (e.g. district heating prices comparable to those in Europe and Korea), SMR can still become highly competitive in the energy market if coupled with a CHP system.