• The Journal of the Korea Contents Association
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• v.16 no.11
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• pp.421-433
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• 2016

Recently, although the interest in transfer and transactions of intangible assets increases, there is no valuation model to objectively assess market value of knowledge and information contents such as electronic databases and the necessity of researches associated is brought up. Therefore, the present study proposes valuation models so as to utilize as objective reference information in the contents market of intangible assets, by assessing the market value of science and technology information contents including patents, academic papers and reports. First, we look into application methods of calculating cash flows by content types out of key variables which has been applied to the present technology valuation, and in case of patents we propose valuation methods based on concepts which are applied in the present technology valuation. Next, in case of both papers and reports, in order to reflect the characteristics of these contents we newly propose qualitative valuation methods which are adjustable based on both technology innovation and market demands indices while estimating the economic life cycle of the technology, and also present the input cost-based calculation method as the calculation method of cash flows. Throughout the study, we could establish frameworks by technology fields and business models applicable such as copyright licensing, transactions of individual science and technology information contents, and expect that more objective and reasonable assessment of content values is accessible.

• Journal of Navigation and Port Research
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• v.41 no.1
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• pp.25-32
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• 2017

The purpose of this investigation is to analyze the synchronization between the representative global freight index, the Baltic Dry bulk Index (BDI) and the China Container Freight Index (CCFI) with monthly data from 2000 to 2016. Using the non-stationarity of the business cycle that is able to include common trends, we employ the Engle-Granger 2 stage co-integration test and found no synchronization. On the contrary, we additionally estimated the causality between the markets and revealed the causality, which implies that the Chinese economy has a significant effect on the global market. The results of this empirical analysis demonstrate that the CCFI of China is appropriate for analyzing the shipping industry. In practice, this means that it is more appropriate to include CCFI in the global market outlook than use it as a substitute for the global freight rate index, the BDI. This is a case study of the synchronization of the economic fluctuations of the shipping industry. It suggests that the economic fluctuations of China need to be considered in the unstable global market forecast. In particular, this case applies to the fluctuations in the shipping industry synchronism and provides important results in scientific terms.

• The Journal of the Korea Contents Association
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• v.15 no.5
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• pp.537-549
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• 2015

The purpose of this study is to analyze the characteristics of two local festivals, already recognized as a successful regional cultural festival, over a period of time to apply the product life cycle theory. As a result of the analysis of the two festivals, in introduction stage, the festival organizers have focused mainly on settling down the festival's core programs and raising awareness on the subject of the festival for the stimulation for basic demands. Second, for maintaining increasing demands, the qualitative improvement of the core program, the development of new programs and the expansion of the programs for the visitors' convenience and safety were focused on. In addition, strategies for promoting awareness of the festival had modified the strategy to promote on the contents and programs of the festival, as well as public relations strategy, not only domestic but also the foreign countries, was established and fulfilled. Lastly, in maturity stage, to overcome declining the number of visitors and economic effect both festivals have showed providing sophisticated programs for the visitors' convenience and safety, improving service quality through the development of the existing programs, providing economic benefits such as admission cuts or giving gift certificates and expanding number of foreign visitors with strengthening the promotion that was implemented in growth stage and enhancing the better image of the festival through the social contribution. Therefore, strategies for the each stage mentioned above present the significant policy implications for festival organizers who were planning to establish a new festival or implementing a festival with experiencing the tepid growth.

• Journal of Korea Port Economic Association
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• v.25 no.4
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• pp.203-224
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• 2009

The purpose of this paper is to analyze the relationship between the budget allocation of Busan-Gwangyang port and political variables such as general election, presidential election, local election and political regimes. To do this, this study did correlation analyses using budget data of all ports in Korea, Busan, and Gwangyang during 1985-2007. The main results of the correlation analyses are as follow: First, there was a positive correlation between budget of Busan and local election. Also, there was a positive correlation between budget of Gwangyang and presidential election. This results suggest that public choice model and political business cycle model seem to apply to the port development policy. Second, there was no correlation between the regionalism of the political regime and budget of Busan-Gwangyang ports. Third, it can be inferred that the national agenda of the hub strategy can be positively related to the implementation of port development budget. Further studies are needed to analyse the relationship between the political variables and establishment of port plan, decision making about port development and ground-breaking of port construction.

• Korea journal of population studies
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• v.20 no.2
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• pp.135-159
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• 1997

Education effect on women's participation in the labor market has been known to be small in Korea. Then, the meaning of women's education as human capital needs to be questioned. Both the increasing desire for working among women and the criticism to under-utilization of women's education in the labor market reflect that women's education is surely perceived as human capital. However, women's education dose not seem to function well as human capital in the labor market. According to previous studies, it is pointed out that educational effect on women's participation in the labor market is weak but the effect on earnings is evident. There were few attempts to evaluate economic returns to women's education over the life-cycle analyzing both working and non-working women. Considering that the economic behaviors of women in nonagricultural sector have changed little until the mid-1980s, I tried to examine the meaning of education as human capital over the women's life cycle using cross - sectional data. This study shows that the educational effect on women's participation in the labor market does not exist and the working period is very short. Although the educational effect on earnings among working women is clearly shown, it tends to limited to younger women. Despite the educational effect on earnings among younger women, the meaning of education as human capital among Korean women does not hold well due to short working period and the low participation of the educated in the labor market.

• Journal of Korean Society of Environmental Engineers
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• v.38 no.6
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• pp.299-308
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• 2016

Seoul metropolitan has established a vision as 'Healthy water-cycle city' to resolve urban water-environmental deterioration. And it established administrative structure to expand Low Impact Development (LID) facilities to recover aggravated water-cycle and water-environment. Therefore, various LID facilities are constructed and operated, however, benefit analytic plans for systematic valuation are insufficient. In this study, to analyze economic, environmental and social benefits of LID facilities, contents for benefit analysis were selected and categorized as water, energy, air quality and climate changes. As a result of quantification and valuation to the beneficial effects, LID facilities showed the total benefit as 1,191~3,292 won/yr. Characteristics of benefit distribution by analysis contents were various reflecting functional characteristics of each LID facility (Water: 30~90%, Energy: 4~44%, Air quality: <1~2%, Climate change: 5~22%). As a result of Triple Bottom Line analysis, economic benefit showed the greatest portion as 75~90%. As further studies, suggested benefit assessment plans for each LID facility should be applied to inter-connected LID systems on complex-scaled area, and synergy effects by various LID systems would be evaluated such as prevention of heat island and flood disasters.

• Economic and Environmental Geology
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• v.44 no.3
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• pp.239-246
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• 2011

Groundwater in small islands is used as main water resource but the overuse of groundwater may cause seawater intrusion and temperature decrease in geothermal wells. This study aimed to characterize the hydrogeology of Maeum-ri area in Seokmo Island of Ganghwagun using long-term monitoring at groundwater wells and geothermal wells. In the monitoring period seasonal water level change, consistent drop or increase of water levels are not detected. The groundwater temperature about 10m below ground surface shows year cycle variation having two to five months difference with ambient temperature cycle. The storativity was calculated by tidal method. The storativity estimated by adapting tidal efficiency factor showed some larger values than that by using tidal time lag. The result suggested that the tidal method assuming several assumptions on aquifer condition may produce broad ranges but the calculated ranges at this application are reasonable. The similar shape of groundwater level change and tidal effects was observed at several wells clustered east-south-east direction which may implicate the distribution of vertical fracture system strongly related with groundwater flow channels. The applied methodology and study results will bc valuable to evaluate optimal pumping rate for the preservation of groundwater resources, and to manage geothermal development.

• Journal of the Economic Geographical Society of Korea
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• v.21 no.4
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• pp.303-320
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• 2018

This study analyzes the characteristics of the evolution process of the Gumi National Industrial Complex as well as its external and internal drivers based on the cluster adaptation cycle model. The Gumi National Industrial Complex has made remarkable progress through expansion in spatial and industrial realm and has become a representative IT industry cluster in Korea. It evolved during a growth period from the 1990s, a maturity period from the mid-2000s, and a mature stagnation period from the mid-2010s. But it has now entered a period of decline. While external drivers at the international and national level greatly influenced the Gumi National Industrial Complex in its evolution from foundation-building to maturity, internal drivers such as the outflow of large firms as well as a lack of SME research capacity and institutional base have added to the management difficulties of SMEs in the mature stagnation period. Therefore, in order for the Gumi National Industrial Complex to move into a revitalization period that strengthens resilience against external shocks, it is necessary to enhance the capacity of SMEs by expanding the roles of the central government, local government, and support agencies. In addition, it is necessary to create and embed strong medium enterprises within the Gumi National Industrial Complex, so that the Complex can be reborn as a sustainable innovation ecosystem.

• Journal of the Economic Geographical Society of Korea
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• v.25 no.1
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• pp.147-170
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• 2022

This article analyzes the spillover effects by dividing the weekly rate of return on apartment prices in 70 si-gun-gu (local area) in the Capital Region into three periods: the entire period (April 2008~August 2021); the period before the price surge (April 2008~October 2018); and the period of price surge (November, 2018~August 2021), based on a consideration of the cycle of fluctuations in apartment sales prices and the timing of the current government's policy interventions. The results obtained from this analysis are summarized as follows. First, the analysis of the spillover effects is similar to or different from the results of existing work depending on the period. The analysis of the spillover effects on the entire period and the period before the price surge shows that the 'Gangnam' effect exists in the apartment market in the Capital Region. On the other hand, the analysis of the spillover effects on the period of price surge reveals different results than before. The spillover effect index calculated through the analysis of the rolling sample decreases during the decline in the cycle of apartment sales prices, while the opposite trend is shown during the upward period. Looking at the timing between the peak of the spillover effect index and policy interventions, it appears that the government's policy interventions took place after the peak of the spillover effect index in 2017, before the peak in 2018 and 2019, and around or after the peak after 2020.

• Journal of the Korean Regional Science Association
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• v.38 no.1
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• pp.45-56
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• 2022

The purpose of this study is to examine the differences among the income level groups of young single-person households and newlywed households in factors affecting the choice of residential location in the Seoul metropolitan region. To summarize the results of the analysis, first, there were differences in the factors affecting the choice of residential location by income level in both single-person young households and newlyweds. Second, among young households, the low-income group showed a behavior of choosing a residential location based on bounded rationality considering the economic condition of the household. Third, even though the income level is similar, the difference in the factors for choosing a residential location between single-person young households and newlywed households was confirmed, which is results of the life-cycle changes. These results imply that it is necessary to prepare appropriate housing policies that can supplement the economic conditions of young households living in the Seoul metropolitan region, and to review customized housing policies that reflect changes in life-cycle stages as well as age or income level.