• Journal of Arbitration Studies
• /
• v.26 no.4
• /
• pp.43-62
• /
• 2016

The international arbitration system has been a useful method of settling disputes arising from international transactions. Arbitration provides the opportunity for the parties to choose a fair and neutral forum and to participate in the selection of the decision maker and the rules that will be applied. Because arbitration is a creature of contract, there is no agreement to arbitrate if there is no contract. An arbitration clause should be designed to fit the circumstances of the transaction and the parties' needs. The parties draft an arbitration clause with insufficient attention to the transaction to which it relates. Insufficient attention to arbitration agreement has caused the delay of arbitration procedure or even the inability to arbitrate. Therefore the parties pay sufficient attention to the underlying transaction so that the arbitration clause can be tailored to their particular requirements and to possible disputes that may reasonably be anticipated.

• International Commerce and Information Review
• /
• v.5 no.1
• /
• pp.39-59
• /
• 2003

The purpose of this paper is to examine the possibility of whether B2B e-marketplaces continue to grow. There are numerous barriers to the growth of e-marketplace, but certain key factors can push e-marketplaces beyond these obstacles. In the stage of generating traffic, it is essential to find a vertical area to attract buyers and sellers which can generate B2B transaction through e-marketplace. Generating traffic is possible only for e-marketplaces established by those who have vertical knowledges and strong off-line relationship in the vertical areas. In the stage of concentrating traffic, more attention should be given to reach critical mass and to increase transaction through e-marketplace. Currently, there seems to be a tendency that having major buyers as members of a e-marketplace is an true factor for the successful e-marketplace. Finally, to attain the locking traffic, e-marketplace needs to have the ability to generate revenue through B2B transaction. What we have learn from this study is that having the software-technology is not a sufficient condition to successfully operate B2B e-marketplace. It is important for e-marketplace to attract major players in order to increase B2B transaction, and also to make profit by them.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
• /
• 2002.11a
• /
• pp.648-651
• /
• 2002

In data broadcast environments, data is disseminated from a small number of sewers to a much larger number of clients. The advancing technology of hardware and increasing needs of users' have extended a broadcast environments. A mobile environment use the data broadcasting. A user carrying a portable computer can submit the operations of a transaction. Some limitations such as the poor-resource, user mobility, and low bandwidth are difficult to apply traditional transaction management to the mobile environments. So, the new mechanisms are needed and one of the them is the correctness criteria of transactions. Serializability is the most used criteria, but serializability is not appropriate to the broadcast environment because unnecessary abort and additional message exchanges are occurred. Hence, in this paper, we will address the need of the new correctness criteria weaker than serializability and describe the adoption of the update consistency.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.73
• /
• pp.21-42
• /
• 2017

A BPO is an irrevocable undertaking given by an Obligor Bank acting on behalf of the buyer to a Recipient Bank acting on behalf of the seller to pay on satisfaction of certain specified conditions. There have been a Trade Service Utility(TSU), a Transaction Matching Application(TMA) and ISO 20022 TSMT messages that core electronic technical systems linked to the BPO. As a key usefulness of the BPO, it brings to market an alternative means of satisfying the risk mitigation, financing and information management needs of banks and businesses engaged in trade. That is, corporates can spread the risk among multiple Obligor Banks by requesting multiple BPOs for the same trade transaction not to exceed the value of the initial transaction. Since the BPO replaces the manual document checking process with the electronic matching of data, buyers and sellers will benefit from significantly increased accuracy and objectivity. By using BPO, buyers and sellers can become trusted counterparties by demonstrating reliability and giving sellers the assurance of being paid on time as per the payment terms and conditions agreed. When compared to L/C, the BPO requires submission of data only. This requires a change of practice of those accustomed to dealing with physical documentation. The beneficiary of a BPO is the Recipient Bank which is always the Seller's Bank. In the meantime, banks will need to agree between themselves that the URBPO 750 will be applied, modified or excluded. However, customers of banks will face low transactional costs due to a fully automated process and standardized data formats used in international trade documentation. There is no amendment and cancellation rules in the URBPO 750s, but only have Assignment of Proceeds rules. As a result, the BPO is likely to enable new business opportunities, lower costs, fast transaction process and strengthen key customer relationships.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.38B no.6
• /
• pp.492-500
• /
• 2013

The One-Time Password(OTP) Generator is used as a multi-factor authentication method to ensure secure transaction during e-Financial transaction in the bank and securities company. The OTP based e-Financial Transaction Verification Protocol ensures secure e-financial transaction through confirming the user's identity using OTP authentication information and counters not only Man-in-the-Browser(MITB) attacks but also memory hacking attacks. However, it is possible to generate correct OTPs due to potential of stealing sensitive information of the OTP generator through intelligent phishing, pharming, social engineering attacks. Therefore, it needs another scheme to prevent from above threats, and this paper proposes advanced scheme using Physical Unclonable Functions(PUFs) to solve these problems. First, it is impossible to generate the same OTP values because of the hysically unclonable features of PUFs. In addition, it is impossible to clone OTP generator with hardware techniques. Consequently, the proposed protocol provides stronger and more robust authentication protocol than existing one by adding PUFs in the OTP generator.

• Journal of the Korea Institute of Information Security & Cryptology
• /
• v.25 no.3
• /
• pp.519-530
• /
• 2015

With the development of technologies, smartphone provides excellent extensibility and performance. Users can install application programs easily in smartphone, so they can use smartphone in various way. In the past, users used smartphone for enhancing security in personal computer. Nowadays, smartphone has become a major target for attackers. Therefore we needs a reliable portable device for smartphone security. There are various wearable devices such as smartglasses and smartwatches, so they can be used for enhancing security in smartphone. In this paper, we study about that smartwatches can be role for enhancing smartphone security, and we implement transaction information verification scheme, Transaction information verification scheme based on CAPTCHA and CAPTCHA based transaction OTP scheme and experiment with users in prototype application.

• Journal of Korea Spatial Information System Society
• /
• v.10 no.2
• /
• pp.1-12
• /
• 2008

Automatic semiconductor manufacture system generating transaction from 50,000 to 500,000 per a second needs storage management system processing very large data at once. A lot of storage management systems are researched for storing very large data. Existing storage management system is typical DBMS on a disk. It is difficult that the DBMS on a disk processes the 500,000 number of insert transaction per a second. So, the DBMS on main memory appeared to use memory. But it is difficultthat very large data stores into the DBMS on a memory because of limited amount of memory. In this paper we propose storage management system using insert transaction of a block unit that can process insert transaction over 50,000 and store data on low storage cost. A transaction of a block unit can decrease cost for a log and index per each tuple as transforming a transaction of a tuple unit to a block unit. Besides, the proposed system come cost to decompress all block of data because the information of each field be loss. To solve the problems, the proposed system generates the index of each compressed block to prevent reducing speed for searching. The proposed system can store very large data generated in semiconductor system and reduce storage cost.

• Journal of Digital Convergence
• /
• v.2 no.2
• /
• pp.45-62
• /
• 2004

E-commerce is now a familiar form of commercial transaction, especially in the transactions between businesses. This online transaction poses a good deal of problems to the traditional tax system and administration. Realignment of tax system and tax administration in the e-commerce is one of the major topics on the International problem. In the area of consumption tax, they reaffirmed the destination principle. They agreed to decide the recipient's business presence and usual residence as the place of consumption. In the area of consumption tax, they reaffirmed the destination principle. They agreed to decide the recipient's business presence and usual residence as the place of consumption. Currently, the Korean VAT law does not have a basis for taxation on international transactions that are considered to be services. Considering the tax revenue loss and the inequality between domestic suppliers and foreign suppliers when international transactions are not taxed, the Korean Tax Authority needs to amend the current law.

• Journal of Korea Port Economic Association
• /
• v.22 no.2
• /
• pp.109-133
• /
• 2006

The Study investigated economic effects and the conditions in the public Shipping e-marketplace. For efficient operation of the public Shipping e-marketplace, this study analyzed how do the participation and community actualize in the public Shipping e-marketplace actualize. According to the research results of the Shipping Cooperations, For Promoting participation in the public Shipping e-marketplace, the Cyber-intermediary operating public Shipping e-marketplace provides timely shipping information, needs publicity strategy generating more benefits than offline transaction, and gives a conviction of the searching costs and transaction costs decrease. Second For promoting community, the Cyber-intermediary must playa major role in electronic community and drive forward continuous publicity strategy in the public Shipping e-marketplace.

• Journal of Distribution Science
• /
• v.16 no.12
• /
• pp.81-93
• /
• 2018

Purpose - The purpose of this study was to propose a specific and empirical continuous transaction strategy through service quality of improvement to small and medium Korean companies whose main business is B2B distribution and sale of general-purpose SW. Research design, data, and methodology - The research procedure is largely divided into two phases. In the first phase, the service quality, the customer satisfaction, and the continuous transaction research hypothesis and the verification are carried out. Experimental data were collected from 450 companies, CEO companies of SMEs innovation institutes, and 510 companies from medium and large enterprises. From September 15 to October 5, 2015, 215 questionnaires were used. And research hypothesis and test were conducted by SPSS SW Ver. 20. Results - The results of the study confirm that service quality has a positive effect on customer satisfaction and continuous transaction: as the detailed items for improving the service quality, 'responsiveness', 'assurance' and 'empathy' have been adopted. Therefore, there are critical factors of a company's survival through continuous transaction. Conclusions - Through this study, we confirmed that the survival of small businesses require continuous improvement in service quality. Among the factors improving service quality, empathy means service satisfaction of customers; so, it is necessary to continuously improve it by evaluating customer satisfaction. Responsiveness means rapid response to customer needs and reliability; it is necessary to enhance customer responsiveness by continuous job training and service training. Finally, assurance is the same as sales product or after service. This means that it is necessary to not only issue the "supply contract," but also improve the reliability of the sales product by securing the competence of the consulting professional. However, because the service quality measurement factors selected in this study are the measurement factors that are mainly applied to large companies or those in the service industries, it is important to consider the type of sales of software distribution companies.