• Journal of Korea Spatial Information System Society
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• v.7 no.3 s.15
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• pp.25-31
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• 2005

With the recent surge of public interests in real estate markets, public demand on cadastral information including cadastral maps has been increasing rapidly. However, the torrent system that provides cadastral information falls far short of meeting public demand due to its main focus on government users. In order to reduce the gap between public demand and supply of cadastral information, a new business model is needed that fulfills public needs and at the same time generates profits for service providers. The main objective of this paper is to identify a potential business model that satisfies the above conditions. To achieve this objective, we have explored the unmet needs of public users in real estate transactions and examined whether the unmet needs can best be served by the resources and capabilities of Korea Cadastral Survey Corporation. Then, we have crafted a detail business model i.e., Syndication model, that includes value propositions, resource maps, and revenue and cost estimations. Finally, a plan is proposed to serve government users better with the financial surplus from the proposed business model. The results of this study can be useful for other similar areas including GIS, ITS and telematics, academically as well as practically.

• Journal of Information Technology Applications and Management
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• v.15 no.3
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• pp.227-242
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• 2008

The purpose of this study is to identify the critical factors for the successful implementation of e-business in the public sector. The paper reports on a case study of the 'Onbid' asset-management system developed by the Korean Asset Management Corporation (KAMCO). 'Onbid' system is an e-marketplace for trading in public assets, including the disposition by public sale of real estate. Through this case study, the paper: (i) explores the changes in organizational culture that are required for successful e-transformation in organizations of public sectors; and (ii) identifies the critical success factors for the implementation of e-business in the public sector.

• Korean System Dynamics Review
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• v.13 no.1
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• pp.63-80
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• 2012

This paper is aiming at providing the systems thinking perspective on the collapse of the savings and loan banking system in Korea. Two causal loop diagrams are developed to conduct the analysis: The first is focusing on the structural problems included in the establishment of S&L banking in 1990s. The later is developed based on the project financing mechanism by controlling the credit standard required during the due diligence. The result of this study shows that the main cause of the collapse of the S&L banking is the structural problem connected to real estate market including the failure of regulation.

• Korea Real Estate Review
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• v.27 no.3
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• pp.7-22
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• 2017

Establishing greater reliability in property appraisal is critical because it promotes the public interest. Reliability is composed of competence and ethics. In particular, the ethics of property appraisal has individual and corporational aspects. This study aimed to evaluate how the ethical climate of a firm is affected by the scale of appraisal firms, thereby validating the effect of the 'Large Appraisal Firm System'. Hence, the ethical climate of appraisal firms, an indicator of inherent ethical value recognition, was investigated, divided into recognition of social responsibility and exclusion of self-interest. The study results showed that the ethical management systems of appraisal firms encourage the appraisers of such firms to be conscious of their social responsibility and to exclude self-interest in their work. The degree of such influence, however, differs according to the scale of appraisal firms. Based on these results, further research on the maintenance and operation of the ethical management systems of appraisal firms is required to enhance the reliability of property appraisal.

• Journal of Distribution Science
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• v.10 no.8
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• pp.35-43
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• 2012

This study is designed to collaboratively investigate the influences of the characteristics of Internet shopping malls and the shopping traits of their users involved in e-commerce on shopping intention. With this in mind, the researchers take a look at the influences of such features of shopping malls on the web as the quality of the system, customer-support service, shopping-mall perception and security, the users' propensity to pursue pleasure and pragmatic interest on shopping intention. The study shows that all the variables suggested here have an influence on the purchase intent of Internet shopping-mall users. That is, this study cannot analyze how the purchase intent of the customers with regard to the features of Internet shopping malls has changed. Therefore it is necessary to conduct procedural researches taking longitudinal studies into consideration.

• 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.

• Journal of Cadastre & Land InformatiX
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• v.47 no.1
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• pp.251-265
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• 2017

On the Korean peninsula, which has been recognized as a safe haven from earthquakes, A magnitude 5.8 earthquake occurred. It has been confirmed that the Korean Peninsula is no longer a safe zone from an earthquake. The purpose of this study is to examine the state of the earthquake preparedness in our society and to grasp the properties of the building which is a direct damage object in the event of an earthquake and to help the decision making of the earthquake disaster prevention policy through the construction of the earthquake safety map. There is a purpose. Earthquake safety maps are created through spatial analysis using GIS tools. The construction of an earthquake safety map is not the whole of the earthquake disaster prevention policy, but it means that it is a starting point to effectively replace the earthquake disaster prevention system.

• International Commerce and Information Review
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• v.17 no.1
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• pp.289-307
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• 2015

This study was to analyze dynamics of host regional effect in accordance with Mega-events. Yeosu Expo, 2012 was the Mega-event, and dynamic changes in economic indicators such as number of tourists, GRDP, employment rate, and real estate price were analyzed before and after the event. The Mega-event affected positively and increased on the number of tourists. While GRDP affected positively only right before the event, and the employment rate was not significantly affected by the event. The real estate price was increased from the announced time of hosting to the event held, but later decreased. This study suggested the comprehensive method for analyzing the effect of Mega-event and there was a cyclical causality among the result variables.

• Informatization Policy
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• v.24 no.4
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• pp.44-67
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• 2017

Commercial properties are gaining importance in the national economy, drawing more and more interests from agencies and individuals. Therefore, objective and accurate investment information needs to be supplied in order to support rational decision making and market transparency. To contribute to guiding the Korean commercial property market to become as transparent and competitive as the markets of developed countries, this study aims to seek for ways to establish a Korean commercial property information framework. As part of the activities to achieve the goal, the Korean commercial property market information was first evaluated in terms of data collection, production and operation. Then, US NCREIF, which is operated by the private sector, and Singapore's URA, managed by the public sector, were considered as the examples of well-managed foreign commercial property market information frameworks. Efficient management of the system requires establishing a monitoring scheme, and users' accessibility and information availability will be enhanced through phased expansion of the information.

• Korean Journal of Construction Engineering and Management
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• v.16 no.6
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• pp.3-11
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• 2015

The current real estate market is in a state that is considerably shrink due to the recession and long-term reduction of trading. In response, the government recently announced an innovative way for the middle-class residential housing and it is taking the lead to activate the real estate market. Meanwhile, the domestic housing market is entering a transition period, including structural changes of household structure, changes from joeonse to rent increasingly. Also single-member households will rise steeply, so that makes the high demand of small houses. In addition, the domestic construction industry is interested in new technology called Modular building. The Modular construction is an off-site construction system that shorten construction period, eco-friendly building technology and mobility etc, which can be used in various field. Overall, there are two major issues of the current market, one is the change of the real estate market, and the other is the modular construction. This study will propose modular business model in the rental market through the analysis the profitability of the modular business scenarios and IRR analysis.