• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.43
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• pp.117-142
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• 2009

The purpose of this paper is to examine the basic principles for the examination of documents in terms of the basic duty to examine the documents, the time allowed to the banks to examine the documents, linkage among the documents, the originality of documents and their issuers, and the rejection formula of documents. Further this author would look at the changes of particular transport document including bill of lading, charter-party bill of lading and so on. From the seller's perspective, the changes of the principles and individual documents under UCP600 are the most important in the sense that they affect the criteria against which the payment is made. The major changes include the omission of the phrase "with reasonable care", in terms of the basic examination principles, substitute the phrase "five banking days following the day of presentation" for the phrase "reasonable time, not to exceed seven banking days following the days of receipt of documents", introduce the new wording about the linkage between the documents tendered, and make clear the meaning of the originality of documents as well as the rejection formula. For transport documents, even though dealing with bill of lading, charter-party bill of lading, transport document covering at least two different modes of transport, freight-forwarder bill of lading and freight collect transport documents, this paper focuses on the "transhipment" of bill of lading and the definition of charter-party bill of lading. Thus, UCP has been changed several times to reflect the new banking customs and practice. It, however, would not answer every questions which users and banks will raise. These questions may be best answered in the particular underlying contract. The UCP are necessary but not a sufficient instrument for the smooth operation of an international trade transaction. The rules are now out: it remains to be seen what the players do with it.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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• v.9 no.4
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• pp.219-230
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• 2011

The nuclear fuel cycle (NFC) analysis is a study to set a NFC policy and to promote systematic researches by analyzing technologies and deriving requirements at each stage of a fuel cycle. System analysis techniques are utilized for comparative analysis and assessment of options on a considered system. In case that NFC is taken into consideration various methods of the system analysis techniques could be applied depending on the range of an interest. This study presented NFC analysis strategies for the development of a domestic advanced NFC and analysis techniques applicable to different phases of the analysis. Strategically, NFC analysis necessitates the linkage with technology analyses, domestic and international interests, and a national energy program. In this respect, a trade-off study is readily applicable since it includes various aspects on NFC as metrics and then analyzes the considered NFC options according to the derived metrics. In this study, the trade-off study was identified as a method for NFC analysis with the derived strategies and it was expected to be used for development of an advanced NFC. A technology readiness level (TRL) method and NFC simulation codes could be utilized to obtain the required metrics and data for assessment in the trade-off study. The methodologies would guide a direction of technology development by comparing and assessing technological, economical, environmental, and other aspects on the alternatives. Consequently, they would contribute for systematic development and deployment of an appropriate advanced NFC.

• Journal of Korea Port Economic Association
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• v.25 no.2
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• pp.1-24
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• 2009

Transportation decisions of ship liners are crucial for policy formulation in ports and shipping lines. Ship liners' port selection depends on the location characteristic of port. With network theory based, we empirically investigated determinants of global ship liners' port selection focused on major trade ports in China and Korea during 1995-2007. We present a detailed discussion on the related literatures about port selection, and develop hypothesis using network-based view. With conditional logit model, empirical results show that global liners select globally positioned ports rather than domestic oriented ones. Global ship liners select ports which have intra national network centrality, global ship network centrality and global network linkage.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.20 no.6
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• pp.133-149
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• 2017

As cities face increasing problems such as aging, environmental pollution and growth limits, we have been trying to incorporate sustainability into urban planning and related policies. However, it is very difficult to generate a 'sustainable spatial plans' because there are trade-offs among environmental, society, and economic values. This is a kind of non-linear problem, and has limitations to be solved by existing qualitative expert knowledge. Many researches from abroad have used the meta heuristic optimization algorithms such as Genetic Algorithms(GAs), Simulated Annealing(SA), Ant Colony Optimization(ACO) and so on to synthesize competing values in spaces. GAs is the most frequently applied theory and have been known to produce 'good-enough plans' in a reasonable time. Therefore we collected the research on 'spatial optimization model based GAs' and analyzed in terms of 'study area', 'optimization objective', 'fitness function', and 'effectiveness/efficiency'. We expect the results of this study can suggest that 'what problems the spatial optimization model can be applied to' and 'linkage possibility with existing planning methodology'.

• Advances in environmental research
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• v.1 no.4
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• pp.237-255
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• 2012

We review the research literature on relationship between environmental regulation and industrial development in three aspects of environmental regulation and investment, environmental regulation and efficiency, environmental regulation and trade. Indeed, the linkage between environmental regulation and material consumption of industrial system is absent. Environmental regulation is measured as the expenditure share for industrial pollutants abatement, and effluent charge intensity. Using panel-level data from 31 provinces, municipalities and autonomous regions in China, we build correlation models between material consumption and environmental regulation, results show that: (1) there are significant quadratic function relationship between material consumption and environmental regulation. And there is the fact that inflection point exists. (2) On basis of inflection points, we make two remarkable reflections. Firstly, the inflection points are the most important scale to judge reasonability and performance of regulations. Secondly, a Pareto improvement may occur when the regulations achieve a certain target. (3) Both intensities of industrial pollutants abatement expenditure and effluent charge have not yet achieved the expected target in most regions of mainland China at present. And most of regions of material consumption decreasing are distributed in western China. Main reasons lie in the impacts of industrial features as well as the regulations.

• Design & Manufacturing
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• v.12 no.1
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• pp.7-12
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• 2018

The present status of the mold industry, including the size of the mold industry in Korea, its position in the global market, the production of the mold industry, import and export, and recent trends in the mold industry were examined. The survey was implemented for the trends fo dies and molds industry in 2017 by answers on business environment for Korean Mold Industry Cooperative Union members. The sharp decline in plastic mold exports in 2015 led to a decline in overall exports. China and Japan account for a very large share of mold exporting countries, but exports to emerging markets such as India, Mexico and Vietnam contributed to the overall increase in mold exports. China, Japan, India, the United States and Mexico were named as exporting countries with more than US $ 200 million, and Vietnam showed similar tendency as a major exporter. A survey conducted by the Korea Mold Industry Cooperative Association showed that the decrease in production and exports was predicted. In order to overcome the difficulties of the mold industry, the need for research on the linkage of the mold industry and technology to the wave of the fourth industrial revolution has increased.

• Journal of the Korean Institute of Rural Architecture
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• v.12 no.1
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• pp.17-24
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• 2010

This paper aims to clarify the spatial form and functional characteries of traditional market place in Seomjin river. The objects of this study are Gokseong, Gurye, Soonchang, and Okgok market place. The results are as follows. First, the form of the traditional market that it was open focusing on large open space of a village was maintained until now. Second, the spatial form of a market place surrounds market-shop located at the center of a market, and a permanent market-store is located in a line. Spatial element important for constituting a market place is three, market-shop, stall, and the mall of market place, and each spatial element is functioning in linkage. The unit space of market-shop is mainly determined by between pillars, and a store is opened. And the same type of industry adjoins, and market-shop's forms a fixed domain and is distributed. The stall is located with many kinds and forms at street mall, and it is taking charge of the important function of trade.

• The Journal of Economics, Marketing and Management
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• v.9 no.1
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• pp.1-14
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• 2021

Purpose: The article deals with the proposition that consumers' fashion consumption behavior will still follow the consumption behavior of fast fashion, despite recognizing the importance of slow fashion. Research design, data and methodology: The research model to verify this proposition is topic modelling with big data including unstructured textual data. we combined 5,506 news articles posted on Naver news search platform during the 2003-2019 period about fast fashion and slow fashion, high-frequency words have been derived, and topics have been found using LDA model. Based on these, we examined consumers' perception and consumption behavior on slow fashion through the analysis of Topic Network. Results: (1) Looking at the status of annual article collection, consumers' interest in slow fashion mainly began in 2005 and showed a steady increase up to 2019. (2) Term Frequency analysis showed that the keywords for slow fashion are the lowest, with consumers' consumption patterns continuing around 'brand.' (3) Each topic's weight in articles showed that 'social value' - which includes slow fashion - ranked sixth among the 9 topics, low linkage with other topics. (4) Lastly, 'brand' and 'fashion trend' were key topics, and the topic 'social value' accounted for a low proportion. Conclusion: Slow fashion was not a considerable factor of consumption behavior. Consumption patterns in fashion sector are still dominated by general consumption patterns centered on brands and fast fashion.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.747-757
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• 2021

The primary purpose of the study is to investigate the volatility spillover from financial uncertainty (FU) of the United States (US) to the stock markets of SAARC member countries including India, Sri-Lanka, Pakistan, and Bangladesh. The empirical literature overlooked SAARC countries and the FU index. Based on the estimation method, the data of FU is available for three different forecast horizons including 1-month, 3-months, and 12-months. For empirical analysis, monthly data is used from February 2013 to September 2019. EGARCH model is employed to investigate the volatility spillover effects. The findings of the study show that the spillover effect of FU varies with the forecast horizon. The FU with a higher forecast horizon has a significant spillover effect on more countries. The spillover effect of US financial uncertainty is negative in most of the SAARC countries. Bangladesh stock market is influenced by FU with all three forecast horizons whereas the volatility of the Pakistan stock market is not influenced by FU with any forecast horizon. The findings are consistent with the concept of "limited trade openness" in the financial markets of emerging economies. The emerging economies avoid financial market openness to minimize the risk of spillover of other countries.

• Journal of Distribution Science
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• v.20 no.4
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• pp.111-119
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• 2022

Purpose: This study seeks to address the omission through examining the manner in which demographic similarity affects the responses of employees in the retail sector towards horizontal pay dispersion. Through doing so the study will be effective in bolstering the recent efforts of more careful exploration of conditions. Research design, data, and methodology: Scant past studies are available to guide for practitioners in retail sector which compensation strategy might lead adequate job performance for retail sales workers. To suggest possible solution, the present authors used variables of pay dispersion and obtained 317 US retail sale workers in distribution channels to measure the association between pay dispersion and employee job performance. Results: The statistical findings indicated both first and second hypothesis could be acceptable with favorable Beta and T values, resulting high degree of pay dispersion leads a low level of job performance, while a low degree of pay dispersion can motivate retail sales workers to improve their performance. Conclusions: The findings of this study raises an argument that processes of social comparison work in a more vigorous manner. This is thus a representation of the propensity of a retail sales worker to voluntarily resign from an organization when dispersion rates are higher.