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The Development of Islamic Banking and Financial Institution in United Kingdom

  • Azma, Nurul;Aisyah, Siti;Izzah, Nurul;Rahman, Mahfuzur
    • Asian Journal of Business Environment
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    • v.8 no.2
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    • pp.5-13
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    • 2018
  • Purpose - The aim of this study is to investigate the problems, challenges, opportunities and future prospects of Islamic banking and finance in the UK. However, this study brings forward into 3 main purposes. Firstly, to explore the development of financial institutions, products and regulatory reforms. Secondly, to find out the performance of Islamic banking institutions. Lastly, to identify the problems, challenges and Islamic banking future prospects. Research design, data, and methodology - An in-depth literature review was carried out to fulfil the research objectives. Results - The findings point out the basic problems of Islamic banking industry in UK such as unfavorable regulatory environment, unfamiliarity with the Islamic Banking System, lack of portfolio management, absence of liquidity instruments, in need of professional bankers, and blending of approach of Islamic scholars with the approach of the conventional bankers. The findings also indicate that there are greater opportunities in the UK for development and growth of Islamic financial system because Muslim community is eager to take financial products. Conclusions - It is hoped that issues pertaining to Islamic banking products can be resolved through consensus of Shariah scholars. There is need to educate the Muslim community about Islamic financial products and service.

Recommendations for Improving Incentive Systems in the Building Sector of South Korea

  • Han, Hyesim;Kim, Jonghun;Jeong, Hakgeun;Jang, Cheolyong
    • KIEAE Journal
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    • v.15 no.2
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    • pp.53-59
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    • 2015
  • Purpose: Reducing energy consumption and greenhouse gas emissions is a primary concern throughout the world, and the building sector is a particularly efficient area for making these reductions. In South Korea, the government has recently enacted policies for "Green Growth" that, among other things, enforce regulations in the building certification rating system (BCRS) and reorganize existing incentive systems. Method: In this study, we examined regulations and incentive systems used in the United Kingdom, Germany, and the United States that encourage the use of energy efficient technologies in construction and compared these policies to those used in South Korea. We also disseminated surveys to experts in the fields of architecture, planning and design, and engineering to better understand their knowledge and perception of the BCRS and its incentive systems. Additionally, we sought their recommendations for improving these incentive systems. Result: Based on our comparative case studies of regulations and incentives in other countries, alongside recommendations from experts in South Korea, we concluded that incentive systems in South Korea are limited and require improvement. We make recommendations for strengthening existing regulations and incentives and for implementing new incentive programs.

Consideration of Regulatory Systems for Decommissioning of Nuclear Power Plants (원자력발전소 해체 규제제도 개선을 위한 각국의 제도 고찰)

  • Ahn, Sang-Kyu;Jeon, In-Young;Cheong, Jae-Hak;Choi, Kyung-Woo;Jeong, Chan-Woo;Lee, Youn-Keun
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.4 no.4
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    • pp.401-409
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    • 2006
  • Regulatory systems for decommissioning of nuclear power plants in several countries, such as Japan, United States of America, Germany, United Kingdom, France, and Republic of Korea, are surveyed. In the survey, regulatory policies, legislations, licensing process, inspection and public involvements for decommissioning are identified and compared. Afterwards, the survey results will be utilized as a reference to establish the improvement directions of domestic regulatory system.

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A Study on Domestic Standard Parameter Setting for BIM-based Energy Performance Evaluation - Focused on Possession Area per Person of Occupants in Government Offices - (BIM 기반 에너지성능평가를 위한 국내 표준 매개변수 설정 방안에 대한 연구 - 공공청사 업무시설의 재실자 1인당 점유면적을 중심으로 -)

  • Lee, Yun-Jeong;Lee, Kweon-Hyoung;Kim, In-Han;Choo, Seung-Yeon
    • Korean Journal of Computational Design and Engineering
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    • v.20 no.1
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    • pp.11-21
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    • 2015
  • Currently, the United States, the United Kingdom, Australia etc. are actively utilizing energy simulation for efficiency evaluation of building energy. However, domestic energy efficiency assessment system doesn't use energy simulation system properly at present: parameters based architecture plans and Ashrae Standard are inputted for the evaluation, because the input parameters for the simulation haven't been established yet. This fact causes poor reliability during energy simulation, as the values of the two standards are different from each other. Therefore, the aim of the study is to set domestic standard parameter for BIM-based energy performance evaluation, focusing on possession area per person of occupants at government office in Korea. We found that the difference among the result values occurred approximately 3% in the energy simulation. As a result of the analysis, possession area per person of occupants in Government office is $31.87m^2$. Other input parameters may be set based on this. This will increase the reliability of energy simulation through a domestic standard parameter.

Analysis concerning the latest operating concept and status for Air Defense Identification Zone(ADIZ) (최근 방공식별구역 운영 개념과 현황 분석)

  • Kim, Dongsoo;Hong, Sungpyo;Chong, Mangseok
    • Journal of Aerospace System Engineering
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    • v.8 no.4
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    • pp.44-51
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    • 2014
  • This thesis analyzes the latest operating concept and status for Air Defense Identification Zone (ADIZ) researching overseas ADIZ CONOPS, international legal basis for ADIZ, the intention & background of proclamation for China Air Defense Identification Zone(CADIZ). Firstly, ADIZ is lawful concerning international connivance for ADIZ where around 20 countries have operated, Article 56 "Rights, jurisdiction & duties of the coastal State" and Article 301 "Peaceful uses of the seas" on the United Nations Convention on the Law of the Sea(UNCLS). Secondly, ADIZ has been regarded as a support means for national interest & policy as well as military air defense one. Thirdly, Based on legal re-interpretation for UNCLS relating to ADIZ, China proclaimed CADIZ where can ensure national maritime policy and strategy including A2/AD(Anti-Access & Area Defence), inroad into the ocean, claim for Senkaku Islands possession, etc..

Arbitrability of Patent Disputes in Korea: Focusing on Comparisons with U.S. legislation and case

  • Kwak, Choong Mok
    • Journal of Arbitration Studies
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    • v.31 no.3
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    • pp.69-89
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    • 2021
  • General lawsuits can be chosen as a method of resolving patent disputes. However, a significant amount of time and money is wasted on litigation until the dispute is resolved. The Intellectual Property Framework Act in Korea requires the government to simplify litigation procedures and improve litigation systems to resolve intellectual property disputes quickly and fairly. As a result, accurate and timely resolution of patent disputes is given importance by the Korean government. Interest in arbitration as an alternative method of dispute resolution is growing. Although dispute resolution through arbitration is effective, the issue of resolving patent disputes through arbitration can lead to the arbitrability of patent disputes. It is therefore necessary to examine arbitrability of patent contracts and validity disputes. Korea has made efforts to reflect the model arbitration law of the United Nations Commission on International Trade Law for quick judicial resolution of patent disputes. Korea has also strengthened related systems for alternative resolutions. However, improving the arbitration system will necessitate a thorough examination of the systems and practices of the United States which is the country in the forefront of intellectual property. This paper examines the arbitrability of Korea's patent dispute and makes recommendations for more efficient dispute resolution system changes.

A Study on Ethics Status of Domestic and Foreign Researchers And Finding Solutions to Unfair Authors

  • CHA, Seong-Soo
    • Journal of Research and Publication Ethics
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    • v.2 no.1
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    • pp.1-6
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    • 2021
  • The aims of this study were to examine the causes and types of the most common and serious fraudulent authors among research misconduct, and to examine ways to reduce the mass production of unjust authors. In scientific research, it is universal and efficient to have multiple authors participate. This is because each author group consisting of a team has its own expertise, and most of them participate in research in a complementary way to maximize the research effect. However, the competition for achievements between researchers, the quantitative evaluation system of universities, and the social atmosphere of performance-oriented are tempting researchers to abandon research ethics. In this study, in relation to the research ethics of existing researchers, the contents of research ethics by a few countries such as United States, United Kingdom, Germany, Canada, Australia etc. and the situation in Korea was examined as well. In addition, the types and causes of domestic unfair authors in Korea were investigated intensively. In conclusion, in order to no longer produce unfair authors such as compulsory authors, honorary authors, mutually supported authors, and duplicate authors, which researchers unknowingly recognize as co-authors, reinforcement of research ethics education and national organization and system should be supported.

A Study on Radio Wave Management Regulations in the United States to Improve the Domestic Radio Wave Management System (국내 전파관리 제도 개선을 위한 미국의 전파관리규제에 대한 연구)

  • Yoon, Chan-Ho;Seok, Gyeong-Hyu
    • The Journal of the Korea institute of electronic communication sciences
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    • v.15 no.3
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    • pp.379-388
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    • 2020
  • The contents and scope of this study are to analyze the problems of the current radio service and radio station classification system, and to investigate the radio wave management cases in the United States to provide a reasonable and efficient radio wave management method. The results of this study can be used as basic data when revising the legal system regarding radio wave enforcement regulations, radio service and radio station classification standards. It is expected that in the future, a detailed commentary on the definition and classification system of new radio / radio stations will be prepared to increase policy compliance in practice, while contributing to enhancing the consistency and efficiency of radio station licensing and inspection.

Public Policy for Hospitals in the United States (미국의 병원정책)

  • Kwon, Soon-Man
    • Korea Journal of Hospital Management
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    • v.3 no.1
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    • pp.238-260
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    • 1998
  • This article describes the theoretical foundations of government policy for hospitals in terms of correcting market failure and enhancing equity. It then discusses the characteristics that desirable payment systems should have, and the effects of the DRG-based prospective payment system on hospital behavior, its financial performance, hospital industry, and health care expenditure. The rationales and impacts of other public policies for hospitals such as antitrust and fair trade regulation, dissemination of practice guidelines and hospital mortality information, regulation of hospital capital investment, and tax policy are also discussed.

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DATA BASE SYSTEM DEVELOPMENT AND STATISTICAL ANALYSIS OF EIR3 ACCIDENTS OF SEVERAL COUNTRIES

  • Kim, In-Tae;Kim, In-Won;Song, Hee-Oeul
    • Proceedings of the Korea Institute of Fire Science and Engineering Conference
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    • 1997.11a
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    • pp.319-326
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    • 1997
  • The fire accident cases of several countries such as Korea, Japan, United States, etc., were collected and compared statistically. The trends of fire accidents in several countries will help us establish detailed plans for fire protection and reduce the possible fire accidents in the future. For construction of data base system, the program FADS was developed, which is operable in Windows environment.

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