• The Journal of Fisheries Business Administration
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• v.28 no.2
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• pp.1-18
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• 1997

The purpose of this study is to investigate empirically the characteristics of financial structure by using 76 fisheries corporations in Korea, and to suggest implications of the empirical results for government's financial policy for fisheries corporations. For the empirical test, we choose the following factors as the explanatory variables of cross-sectional regression analysis:firm-size(SIZE), collateral value of assets(TFATA), business risk(BRISK), growth(GROWTH), effective tax(ET), profitability(PROFIT). Two different debt ratios are used as dependent variables. One is defined as the ratio of total debt to total assets and the other is as that of long-term debt to total asset in terms of book value. The sample consists of 76 fisheries firms and sample period is 14 years from 1982 till 1995. From the results of cross-sectional regression analysis, the adjusted R$^2$values were high, 16∼79% and the overall F values indicated to be statistically significant. The results of cross sectional regression analysis show that the characteristics of financial structure fur fisheries corporations are as follows ; (1) Firm-size and collateral value of assets are the major factors of financial structure for fisheries corporations. That is, the larger firm-size the higher is debt ratio. This means that financial institutions conventionally lend more collateral loans with fixed assets like land, building rather than management capacities or credits. (2) To be consistent with a pecking-order theory, the higher is profitability the lower is debt ratio in fisheries corporations. (3) Corporations with high effective tax rate have lower financial leverage. Although the empirical results are inconsistent with traditional static trade-off theory, we think it would be attributed to government's various tax shelterings for fisheries which are likely to reduce tax shield effect of interests.

• Korean Journal of Social Welfare
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• v.69 no.2
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• pp.247-269
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• 2017

This study aims to analyze multiple mediating effects of asset and self-esteem on the relationship between disability of household head and life satisfaction. This study used 9th panel data of KoWePS(Korean Welfare Panel Study) and employed path analysis with A-MOS. Research findings of this study are as follows: First, disability of household head had a negative effect on life satisfaction, total assets, and self-esteem. Second, we found not full but partial mediating effects of assets on the relationship between disability and life satisfaction. Third, similarly we found not full but partial mediating effects of self-esteem on the relationship between disability and life satisfaction. Finally, we found multiple partial mediating effects of assets and self-esteem on the relationships between disability and life satisfaction. The findings of this study suggest that financial education as well as asset management targeting persons with disability are necessary and very helpful to sustain their life satisfaction. In addition, we need to think about asset-building programs targeting persons with disability.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2017.05a
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• pp.268-269
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• 2017

Apartment building, which has been accompanied by economic growth in Korea, is a home of life and has the value overlapping as housing and assets. The improvement of consumer's eye level and development of related technology and related service development have positive function that enriches society and creates economic wealth. On the other hand, the clash and conflict between stakeholders increase social unrest and waste our competitiveness by economic loss. The term of warranty liability of apartment building is an important issue of defect lawsuits and is only a few quantitative standards. However, in this study, we examined the revision history of the law and ordinances for the reinforced concrete construction. As a result, establishing and revising the relevant standard, there is no definite basis system to support it. To improve this, the efforts to provide the standard for term of warranty liability and quantitative and objective basis to support it should be accompanied continuously.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.294-295
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• 2014

Recently, it is becoming necessary for architectural heritage to make spatial information structure by using BIM(Building Information Modeling). However, current BIM system can not be used because its information classification and structure is not suitable for architectural heritage. This is a basic study which focuses on upgrading spatial information structure of BIM so that it would be possible to use BIM in management of preservation of architectural heritage, too. This study analyzes Sungnyemun case and its spatial information structure.

• Journal of the Korea Institute of Building Construction
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• v.13 no.2
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• pp.122-130
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• 2013

One of recent methods to protect wooden cultural assets from fire, there is the flame retardation which is applied directly to wood and it is to prevent fire through securing flame resistance for the material and delaying combustion when failed fire in advance and then to gain time for people in the room to evacuate and it has same goal with the Korean Fire Service Act by protecting life and property. However, in case of spraying flame retardant on the colored surface of the wooden cultural assets, there are continuous problems of decoloration, efflorescence and water absorbtion after sometime and accordingly there increases danger of damages of cultural assets. So when treating with flame retardant on wooden cultural assets, there has to be no problems on dancheong after sometime and securing sustainable methods for flmae retardation should be preceded. Accordingly, this study aims to provide basic sources for selecting proper flame retardation methods by evaluating and analyzing flame retardation capabilities according to types of flame retardants which are frequently used nowadays and spraying them on the dancheong-painted surface and confirming if there is no problem on the dancheong and wood after sometime and if flame retardation effect is sustainable with its quality and capability through precise analysis.

• Proceedings of the Korean Geotechical Society Conference
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• 2009.03a
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• pp.405-410
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• 2009

This paper presents a case study that achieved both of serviceability and safety of the building through soil reinforcement and restoration around foundations subjected to serious differential settlement using D-ROG method. The building which has one basement floor and three ground floors is founded on soft ground and differential settlement occurred to the maximum extent of 678mm. The foundation type of the building is a independent mat foundation. Soil profiles consist of landfill layer, alluvial layer, weathered rock, and soft rock. The bearing layer consisting of gravel and weathered rock is located 16.0~17.0m below the bottom of the building. As a result of soil reinforcement and restoration, the recovery ratio of more than 90% can be attained with the maximum set-up of 657mm.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.46 no.1
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• pp.84-90
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• 2023

ASL estimation of public building is based on how appropriate the maximum age of the asset is derived based on the age record of the asset in the statistical data owned by public institutions. This is because we get a 'constrained' ASL by that number. And it is especially true because other studies have assumed that the building is an Iowa curve R3. Also, in this study, the survival rate is 1% as the threshold value at which the survival curve and the predictable life curve almost coincide. Rather than a theoretical basis, in the national statistical survey, the value of residual assets was recognized from the net value of 10% of the acquisition value when the average service life has elapsed, and 1% when doubling the average service life has elapsed. It is based on the setting mentioned above. The biggest constraint in fitting statistical data to the Iowa curve is that the maximum ASL is selected at R3 150%, and the 'constrained' ASL is calculated by the proportional expression on the assumption that the Iowa curve is followed. In like manner constraints were considered. First, the R3 disposal curve for the RCC(reinforced cement concrete) building was prepared according to the discarding method in the 2000 work, and it was jointly worked on with the National Statistical Office to secure the maximum amount of vintage data, but the lacking of sample size must be acknowledged. Even after that, the National Statistical Office and the Bank of Korea have been working on estimating the Iowa curve for each asset class in the I-O table. Another limitation is that the asset classification uses the broad classification of buildings as a subcategory. Second, if there were such assets with a lifespan of 115 years that were acquired in 1905 and disposed of in 2020, these discarded data would be omitted from this ASL calculation. Third, it is difficult to estimate the correct Iowa curve based on the stub-curve even if there is disposal data because Korea has a relatively shorter construction history, accumulated economic wealth since the 1980's. In other words, "constrained" ASL is an under-estimation of its ASL. Considering the fact that Korea was an economically developing country in the past and during rapid economic development, environmental factors such as asset accumulation and economic ability should be considered. Korea has a short period of accumulation of economic wealth, and the history of 'proper' architectures faithful to building regulations and principles is short and as a result, buildings 'not built properly' and 'proper' architectures are mixed. In this study, ASL of RCC public building was estimated at 70 years.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.6
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• pp.3894-3906
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• 2014

The aim of this study was to classify the central Buddhist temple among the state-designated cultural assets, which were measured precisely, into the gable roof buildings and the gambrel roof buildings to analyze the Ang-Goak, Inside waist, ridge ratio, and roof inclination represented on the roof, and prepare basic objective material for the restoration and repair of cultural assets. As a result, as for the relationship between the roof curve and the inclination of the gable roof building and gambrel roof building, the following conclusions could be drawn. First, the Ang-Goak and Inside waist of the gable roof building had a close correlation with the building size, and the internal high pillar existence. In addition, the Ang-Goak and Inside waist were shown in the 7-ryangga structure, which is greater in size than in the 5-ryangga structure. This was found to be related to the building size. Second, the Ang-Goak and Inside waist of the gable roof building has a correlation with each other, and it was found that Inside waist also was large in the building with a larger Ang-Goak. The roof inclination rarely had a connection with variable factors (plane factor, elevation factor, and cross section factor). The sizes of Ang-Goak, Inside waist, and ridge ratio were similar in the outside 1 chulmok and outside 2 chulmok of gongpo but those sizes were relatively larger in outside 3 chulmok. Third, the Ang-Goak and Inside waist of the gambrel roof building moved independently for each building without a correlation with each other, unlike the case of the gable roof building. The front and the side showed a correlation with each other, and in the building with the large curve of the front side, the curve was also large in the sides. Fourth, in the case of the building with a high pillar inside the gambrel roof building, the Ang-Goak and Inside waist were larger. On the other hand, they were smaller in the case of a building without a high pillar. This was found to have a close relationship with the building size. In addition, the ridge ratio has a close connection with the building size and building height. Therefore, the ridge ratio is larger in a high building or large sized building. The roof inclination rarely has a correlation with variable factors, as in the case of the gable roof building.

• Korean Institute of Interior Design Journal
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• no.29
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• pp.58-66
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• 2001

Traditional housing must be conserved simultaneous1y with not only the building itself, but the circumstances of the surroundings. Hence, traditional housing should be developed as a product of a culture environment. However, most cultural properties have recently been treated as only a piece of property by irresponsible maintenance practices and damage placed on private traditional housing. Apparently, it has not always been a result of dweller's negligence. Thus, various policies must be needed to effectively preserve traditional housing. To do so, this study will indicate a new direction for the circumstance of preservation through cultural employment of traditional high-class housing as well as reduce maintenance and damage for dweller's convenience. Furthermore, this study will propose a renovation for popularization of Korean cultural assets through the gradual implementation of both economic vague and public worth.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.05b
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• pp.131-135
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• 2009

Domestic construction industry is facing big difficulties by a worldwide financial crisis. Especially the deterioration of liquidity by the reject of banks for project financing and unsold housing project made a big problem on financing for the ongoing and new projects. To solve this, it is critical for construction companies. banking facilities and public organizations to cooperate and support each other. In this study, the methods which each part can do are investigated. Construction companies can do a price reduction, finance condition improvement for deposit and down payment, asset sale and cost reduction. And Public organizations can buy the assets of construction companies with proper price and ease the regulation to activate transactions of real estate. In the case of Banking facilities, they can support arrangement and liquidation of insolvent projects and so on.