• Journal of the Economic Geographical Society of Korea
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• v.13 no.2
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• pp.234-252
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• 2010

This paper examines the tendency of housing assets to become increasingly quasi-financial assets by analyzing the relationships between risks and returns in three Gangnam districts (Gangnam-gu, Seocho-gu and Songpa-gu) apartment markets in Seoul, especially for the apartments to be reconstructed, capitalizing upon some capital asset pricing models (CAPM). A single factor CAPM model shows positive relationships between risks and returns regardless of the types of apartments in three Gangnam districts. Multi-factors CAPM models also confirm that the market and SMB (small minus big) factors are positively related to the rate of returns regardless of the types of apartments. However, the unsystematic risk factor is found to be statistically positive especially for the apartments to be reconstructed, while the momentum factor is dependent upon the regression models used. An analysis on some portfolios classified by the size of apartments and price volatility and/or beta values suggests that there are the positive linear relationships between risks and returns and the SMB factor is clearly found to be significant in determining the rate of returns. In particular, housing assets are highly highlighted as investment goods and/or quasi financial assets for the apartments to be constructed in the Gangnam housing.

• Proceedings of the Korean Society for Agricultural Machinery Conference
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• 1993.10a
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• pp.98-107
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• 1993

Domestic production of agricultural machinery has come to be seen as appropriate entry route in the capital goods industry for most African countries, including Ghana, which has purely and strongly agricultural -based economics with a weak industrial infrastructure. Recent studies in Ghana do indicate that in addition to possessing technological capability in the manufacture of handtools, there is evidence of increased production of machinery for the primary food processing sector. Local manufacture of tractors and associated implements is embryonic, with an average domestic production of agricultural machinery in Ghana and analyses the available technologies and economic indicators in the local agricultural machinery industry. Areas for indicators in the local agricultural machinery industry. Areas for future development are identified.

• Journal of architectural history
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• v.7 no.1 s.14
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• pp.9-30
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• 1998

In the Chosun Dynasty, the wooden building materials for constructing the official buildings within a capital city were supplied by way of water transport, and they were stored at Hangang riverbanks. After being firstly treated with primary processed-goods there by several craftmen groups, they were carried in the relevant site of construction by cart. The purpose of this paper is to study the process of those supply, the roles of merchants and craftmen in the process.

• Journal of Applied Reliability
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• v.4 no.2
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• pp.105-119
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• 2004

Reliability program is essential to the development of space systems like launch vehicles and satellites, as they are non-repairable after launch and the failure of a launch vehicle resulted in catastrophic consequences for the mission. Foreign advanced space organizations have developed and implemented their own reliability management programs for launch vehicles from the conceptual design stage to the detail processes for the individual components, procedures and test reports. A study on the launch failures and the reliability analysis methods for one-shot devices contained in this paper will contribute to the reliability improvement for Korean launch vehicle and components.

• KDI Journal of Economic Policy
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• v.37 no.3
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• pp.75-106
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• 2015

The primary goal of this paper is to explore the microeconomic foundation of Korean firms' adoption of foreign technologies. The paper also reviews the overall trend of international technology transfers to Korea. The period covered in this paper is Korea's high growth era, from the 1960s to the 1990s. The works of this paper center on the two questions of what characterizes foreign technologies which had been imported through licensing contracts, and which driving forces expedite technology adoption by firms. The Korean experience provides the context of success in the catch-up growth. The co-movement of technology imports with capital goods imports manifests Korea's effort to improve the technical efficiency toward the world frontier. Underlying this trend are firms' decisions to adopt new technologies. The paper shows that firms respond proactively to wage increases by adopting newer technologies and thus, in turn, increasing employment, which implies the existence of a virtuous interactive mechanism among these factors.

• ETRI Journal
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• v.10 no.4
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• pp.146-160
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• 1988

The purpose of the present study is to build a model to determine the structure of long-term quasi-optimal rates of local and toll telephone services. The outline of this study is as follows : Telephone business, providing social goods, is capital-intensive industry which needs huge fixed cost to operate exchanges and telephone networks nationwide. The nature of above industry justifies the market structure of telephone business to be natural monopoly and makes a good reason for government's direct regulation, that is, price regulation. Three is a gap between the present rates and the quasi-optimal ones because some administrative processes intervene in rate making process before execution. On the above diagnostic basis, the present study made an empirical test for the optimality of present rates structure in connection with Ramsey-Boiteux model to maximize the sum of producer's and consumer's surplus and also the current study proposed a qusasi-optimal rates structure for better market performance. From the empirical analysis, we can deduce a policy recommendation the local price should be increased to 47% whereas toll price decreased to 24% in order to improve the net welfare worth of 32.6 billion won.

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.2345-2352
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• 2010

By Chinese growth, economic development and investment of the West-coast are consisting. Specially, the West-coast area need tourist development and tourism Import for the Incheon and the Pyeongtaekhang of the Gyeonggido Province, China trade through the Chungcheongdo Province area. According to such regional special quality, the railroad tourism industry should be activated. Sunset of tourism infra in the West-coast is high value as representative goods of the West coast. Development of the theme railroad tourism industry that utilize the tide may maximize regional advantage of China and capital region. This research is basis investigation to examine development possibility as sunset theme railroad tourism industry of the West-coast. Scope of this research limited by the sunset theme railroad tourism industry for the Chungchongdo Province area.

• Proceedings of the Korean Information Science Society Conference
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• 1999.10c
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• pp.552-554
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• 1999

인터넷 상거래가 활성화되면서 기업들은 인터넷과 접목하여 자사의 이익을 극대화 하는 방안을 모색하고 있다. 소비재를 생산하는 기업 및 중간 상인들은 일명 "쇼핑몰"을 구축하여 기업 홍보와 더불어 제품 판매를 시행하고 있으며 특정 기업은 상당한 가치 창출을 한 것으로 알려져 있으나, 자본재를 생산하고 거래하는 기업에서는 인터넷의 가능성에 대한 확신의 부족으로 투자를 꺼리고 있는 실정이다. 본 연구에서는 자본재 제품에 대한 정보를 구축.검색하는 제품몰을 개발하여 자본재를 생산하는 중소기업체들에게 인터넷 사업의 기회를 제공하고, 구축된 제품 정보 데이터베이스를 이용하여 제품간 유사성을 바탕으로 제품 검색자(바이어)에게 제품 정보를 제공하고자 한다. 이 연구의 결과로써, 기업은 자사의 제품에 대한 사양.특징.기술력 등을 인터넷을 통해 홍보하고 타사의 유사제품에 대한 정보를 제공받음으로써 제품 경쟁력 제고에 도움이 되며, 바이어는 전체적인 제품을 하나의 사이트에서 검색함으로써 정보 검색에 따른 시간을 절약하고 원하는 제품 정보와 함께 유사제품 정보를 제공받음으로써 제품 구매 판단을 위한 유익한 정보 제공을 기대한다. 제공을 기대한다.

• 한국디지털정책학회:학술대회논문집
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• 2007.06a
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• pp.69-78
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• 2007

Since 2005, Asan city government have executed the "Budgeting & Planning Examination Program". A construction contract more than two hundred thousand dollars, service contract more than fifty thousand dollars and purchasing goods contract more than five thousand dollars must be examined about their propriety by office of audit. Asan city government have saved its budget about fifteen million and five hundred twenty thousand dollars for the institution. Moreover, Asan citizens' trust and social capital about their local government have been increased through it Asan city government will reinforce a speed and effectiveness of it.

• Journal of Family Resource Management and Policy Review
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• v.17 no.2
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• pp.55-74
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• 2013

This research developed standardized satellite accounts for household production to measure the entire production in Korea using representative Korean data. This study utilized standardized methods for measuring the expenditure and consumption of expendable supplies as an element of intermediate goods in household production. The results of this research can be summarized as follows. First, the total value of household production in Korea in 2009 turned was 268 trillion won, which would be 10.16% of the GDP, based on using the method of replacement by specialty for estimating the value of housework, while it was 356 trillion won, which would be 13.5% of the GDP (2,636 trillion won), based on the method of opportunity cost. Second, the economic value of labor invested in household production was 220 trillion won when using the data from 12 main corresponding wages in the market, while it was 203 trillion won when using the method of total replacement, which used the wages of housekeepers, and 290 trillion won when using the method of opportunity cost in measuring the value of housework labor. Third, in estimating the proportion by section in terms of the total value of household production, the portion of labor in household production was measured from 76% to 82%, depending on the methods used, which is the most significant section. These results indicate that housework has the characteristics of labor-centered work. On the other hand, the value of expenditure on and consumption of expendable supplies, as one element of intermediate goods, is 63 trillion won, which is 17.7% (using the method of opportunity cost in measuring the labor of housework) of household production. Also, the value of capital goods, as the other element of intermediate goods is 2.3 trillion won, which is 0.9% (using the method of opportunity cost) of household production. In conclusion, as an element of household production, housework labor was higher in household production than expenditures on expendables, especially for cooking, cleaning, and caring for children. In the future, people should be cautious about estimating that the amount of household work could be reduced, as women's labor in the market and the household work produced by the market will increase.