• Title/Summary/Keyword: The UK

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Children's Play as a National Policy and Strategy : The Case of the UK (아동 놀이의 국가적 정책화 : 영국의 사례)

  • Lee, Jong-Hee
    • Korean Journal of Child Studies
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    • v.31 no.3
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    • pp.161-181
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    • 2010
  • This study reviews policies related to children's play which are being implemented by the UK at a national level from 2008 to 2020. The Department for Children, Schools, and Families, in cooperations with other central government departments and professional organizations, are developing and implementing the strategy. The purpose of the strategy is to improve play opportunities for all children and young people in England by raising the value and status of play in every community. This study examines the strategy by focusing on firstly, the purpose, vision, and steps to be undertaken; secondly, the methods used and the participating organizations; and thirdly, the legal, social, and academic basis upon which the strategy is founded. By way of conclusion, the researcher argues that we need to consider and learn from the case of the UK to come up with desirable polices for children's education and well-being.

Insider Ownership and Valuation of IPOs in the UK (내부소유지분과 최초공모주의 가격결정)

  • Lee, Ki-Hwan
    • The Korean Journal of Financial Management
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    • v.13 no.1
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    • pp.285-309
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    • 1996
  • Using initial public offerings of 512 UK companies newly admitted to London Stock Exchange between 1985 and 1990, we explored the reason of underpricing of new issues. We particularly examined the underpricing of new issues in terms of signalling hypothesis. We found that there is a positive relationship between the value of the issuing firms and the fraction of equity retained by entrepreneurs. This finding is consistent with Leland and Pyle's model(1977) and the evidence of Downes and Heinkel(1982). We also found a positive association between the firm value and the degree of underpricing. In addition, our empirical evidence revealed that the underpricing of the UK IPOs is positively related to the fraction of equity retained by the original shareholders. Thus, our results support Grinblatt and Hwang's model(1989) which predicts a positive relationship between the value of firm and the degree of underpricing.

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Developments of AI Foundation Models and Review of Competition Issues in the UK (AI 파운데이션 모델의 발전과 영국의 경쟁 이슈 검토 동향)

  • S.H. Seol
    • Electronics and Telecommunications Trends
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    • v.39 no.2
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    • pp.54-65
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    • 2024
  • This paper examines the trends of AI Foundation Model development and the competition to lead the related ecosystem, which have been rapidly unfolding since the emergence of ChatGPT, focusing on big tech companies in the United States. Based on this understanding of background knowledge, I analyzed and presented the main contents of the initial report reviewed by the UK competition authority, CMA, on potential competition issues that may arise in the process of innovations resulting from FM development. In addition, the trend and background of the CMA's investigation into the OpenAI-Microsoft partnership, whose importance has recently been highlighted, were also explained. It is expected that a reasonable domestic policy plan will be established by referring to these UK policy trends and monitoring & analyzing domestic industries.

Analysis of fashion Curriculum in 4-year Colleges : Cross-national Comparison of Korea, USA, UK, Japan, & Hong Kong (4년제 대학의 패션관련학과 교과과정 비교분석: 한국, 미국, 영국, 일본, 홍콩를 중심으로)

  • 구양숙;김정원;박경애;박광희;추태귀
    • Journal of the Korean Home Economics Association
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    • v.37 no.11
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    • pp.19-32
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    • 1999
  • This study analyzed the curricula of fashion related majors at 4-year colleges in the USA, UK, Japan and Hong Kong as well as in Korea and compared the characteristics of the Korean curriculum with those of the four countries. A total of 124 curricula from 103 colleges were collected. Courses were divided into eight categories (including industry and market information; materials; merchandise planning; design; production; distribution and selling; basics; and consumption) representing the production and distribution process of fashion business. There were differences in course offerings among the five countries. Overall, curricula in Korea emphasized design and production (construction) areas and showed not much differentiation among colleges. While industry and market information, merchandise planning, and production (management) areas were emphasized in the USA , differentiation/specialization by major was observed . UK and Hong Kong had well-specialized curricula by major Japan seemed to offer traditional and consumption oriented courses. Based on the findings, some propositions for the Korean fashion curriculum were discussed.

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INVASION OF THE UK ORIGINATED QUANTITY SURVEYING PROFESSION INTO KOREA CONSTRUCTION INDUSTRY. A REVIEW OF THE QUANTITY SURVEYING CONSULTANCY SERVICES IN KOREAN CONSTRUCTION MARKET

  • Chan-Ho Yoon;Min-Jae Lee;Dong-Youl Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1419-1425
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    • 2009
  • Quantity Surveying Profession is a new breed with a history of only less than seven years in S. Korea' s Construction Industry. In this paper, the research aims to investigate the background of the market entrance of this profession in Korean Construction Industry, and the current market direction and future market demands. The research concludes that climate changes in Real Estate markets in relation to Project Financing practices caused by economic crisis of late 1997's, enabled the UK originated QSP sustainable in S. Korea. Moreover it was pointed out that the services of QSP current available in S. Korea's market attributed the different aspect compared to traditional quantity surveying services prevailed in UK. Finally it was apparent that the evolutional direction of the future quantity surveying market in S. Korea is most likely toward multidisciplinary skilled services profession processing not only broader architectural knowledges but cost consciousness, specialty in construction costs and construction contract aspects and transparency in ethical manner.

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Is 3D Scanning and Modelling Beneficial for Housing Sector?

  • Kenneth Sungho PARK;Sungkon MOON
    • International conference on construction engineering and project management
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    • 2024.07a
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    • pp.1290-1291
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    • 2024
  • The importance of housing construction and its solutions have been argued in the past decades; the increase in housing maintenance and refurbishment will also have significant implications for the UK and South Korea economy as the residential sector contributes almost a third of total UK construction output and 79% of those are low-income households in South Korea who are living in poor or serious condition. New technologies, including building information modelling (BIM), 3D scanning survey, 3D modeling and modular construction are essential in order to alleviate these problems. Therefore, the research reviews a 3D scanning and modelling in housing based on Scan-to-BIM concept and investigates applicable decision support and appraisal tools to enhance the practicality of housing information modelling. As a result, the housing sector in both UK and South Korea may benefit from their adoption as they make it possible to construct quicker, cheaper and safer buildings.

Renewable Energy Policies and Rural Community Energy Fund in UK (영국 신재생에너지 정책과 농어촌커뮤니티에너지 기금)

  • Choi, Eunhee;Lee, Mun-Yong;Jeong, Jin-Hee;Yoon, Sung-Yee
    • KCID journal
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    • v.21 no.1
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    • pp.17-31
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    • 2014
  • Excessive emission of greenhouse gases from fossil fuels usage has become a major cause of climate change. As an alternative to reduce the greenhouse gas emission, renewable energy has been highlighted around the world and UK government also established the Climate Change Act 2008 and policies for response the climate change. Those of them has been supporting many practical actions for reducing greenhouse gas emission and community energy projects is representative program to supporting security of energy supply and helping the country to reduce its carbon footprint. Rural Community Energy Fund (RCEF) which is one of community energy projects supports rural communities to develop renewable energy projects which provide economic and social benefits to the community. The review of UK's renewable energy policies and action plan can be useful to promote in Korea policies for becoming low-carbon society.

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DEVELOPMENT OF COMPUTER SOFTWARE FOR CALCULATION OF VOLUMETRIC ERROR MAP IN 3 AXIS CMMs

  • Park, H.;M.Burdekin;G.Peggs
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 1992.03a
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    • pp.131-158
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    • 1992
  • Verification, calibration, and compensation are becoming more essential elements for manufacture and maintenance of high performance CMMs. A computer module of volumetric error generation has been developed to calculate volumetric errors (random as well as systematic) from measured parametric errors, accepting most types of CMMs in current use. New transformation rules have been derived to transform all the parametric errors with respect to the origin of working volume considered, then incorporated, then incorporated into the module of error calculation. Two cases of practical CMMs are tested with the developed module, and showed good performance.

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Review of Communal Housing for the Elderly in the UK (영국의 노인공동생활주택에 대한 검토)

  • 홍형옥
    • Journal of Families and Better Life
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    • v.19 no.4
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    • pp.49-68
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    • 2001
  • The purpose of this study was 1) to review communal housing in the UK, 2) to consider the policy implications for elderly communal housing in Korea. The research methods used were 1) literature review about communal housing and related policy in the UK 2) field survey in the UK 3) interpretative suggestion for the proper policy implication to develope communal housing for the elderly in Korea. Sheltered housing in the UK had been developed as communal housing for the elderly with special needs since the 1970s. The type of sheltered housing were category 1 and category 2. Very sheltered housing with more facilities and meal services was added in 1980s. Sheltered housing was evaluated as the most humanistic solution for older people in the UK in 1980s. Because of the policy of moving institutional care to community care, sheltered housing became less in demand because of more options for older people including being able to stay in their own home. So new completion of sheltered housing by registered social landlords reduced saliently. Sheltered housing already totalled over half million units in which 5% of all elderly over 65 still lived and a small quantity of private sector for sale schemes emerged in the 1990s. The reason why the residents moved to sheltered housing was for sociable, secure, and manageable living arrangements. In general the residents were satisfied with these characteristics but dissatisfied with the service charge and quality of meals, especially in category 2.5 schemes. The degree of utilisation of communal spaces and facilities depended on the wardens ability and enthusiasm. Evaluation of sheltered housing indicated several problems such as wardens duty as a \"good neighbour\" ; difficult-to-let problems with poor location or individual units of bedsittiing type with shared bathroom ; and the under use of communal spaces and facilities. Some ideas to solve these problems were suggested by researchers through expanding wardens duty as a professional, opening the scheme to the public, improving interior standards, and accepting non-elderly applicants who need support. Some researchers insisted continuing development of sheltered housing, but higher standards must be considered for the minority who want to live in communal living arrangement. Recently, enhanced sheltered housing with greater involvement of relatives and with tied up policy in registration and funding suggested as an alternative for residential care. In conclusion, the rights of choice for older people should be policy support for special needs housing. Elderly communal housing, especially a model similar to sheltered housing category 2 with at least 1 meal a day might be recommended for a Korean Model. For special needs housing development either for rent or for sale, participation of the public sector and long term and low interest financial support for the private sector must be developed in Korea. Providing a system for scheme managers to train and retrain must be encouraged. The professional ability of the scheme manager to plan and to deliver services might be the most important factor for the success of elderly communal housing projects in Korea. In addition the expansion of a public health care service, the development of leisure programs in Senior Citizens Centre, home helper both for the elderly in communal housing and the elderly in mainstream housing of the community as well. Providing of elderly communal housing through the modified general Construction Act rather than the present Elderly Welfare Act might be more helpful to encourage the access of general people in Korea. in Korea.

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An understanding of green space policies and evaluation tools in the UK: A focus on the Green Flag Award (영국 녹지 정책과 녹지 평가 발달에 대한 이해: Green Flag Award를 중심으로)

  • Nam, Jin-Vo;Kim, Nam-Choon
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.22 no.1
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    • pp.13-31
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    • 2019
  • Green spaces are recognised for the benefits. They bring to the quality of people's lives. However, since the 1980s there has been a general increase in poorly-managed green spaces. In an attempt to address this issue, green space policy has changed its focus on green space management through the gradual introduction of green space evaluation tools, such as the Green Flag Award (GFA). The GFA, as an established green space evaluation tool in the UK, reflects a shift in policy drivers of green spaces management. However, there is a lack of research investigating the contextualisation between a wide range of policy contexts and such green space evaluation tools (the GFA in this study). The aims of this study are therefore to explore the development of green space evaluation since the late 1990s, with respect to the growth of the GFA and its impact on other evaluation tools across the UK and several countries. To address the aims, this study employs in-depth literature reviews on UK green space policy mainly conducted by government. In addition, case studies are presented, focusing on the GFA and independent green space evaluation tools intrinsically derived from the GFA in the UK's cities and Nordic countries. Results show that based on the awareness of the severity of declining standards of green spaces, newly emerging policy arrangements have been adopted to address negative issues, which affect the standard of green spaces such as the transfer of responsibility for green space management, the implementation of Compulsory Competitive Tendering and ongoing budget cuts. Significantly, the GFA's indicators reflect the emerging changes of economic and social contexts associated with green spaces management where, in particular, the prospect of continuous budget cuts, which encourages communities to become involved in green space management. The GFA has widely contributed to leading such UK's cities and other countries to be able to create their independent green space evaluation tools in different approaches based on stakeholders' (mainly community) involvement in the decision-making process of green space evaluation. In conclusion, this study implies that successful green space evaluation tools do embody the value of green spaces and address drivers of emerging green space management with correspondence to the context of policy arrangements. Importantly, stakeholders have an opportunity to be involved in a partnership in the decision-making process through some green space evaluation tools. It is hoped that for well-managed green spaces this study will contribute valuable knowledge to our existing understanding of green space management in an era of austerity.