• Title/Summary/Keyword: economic damage

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Analyses on Related Factors with Fire Damage in Korea (한국에서의 화재 피해 관련요인 분석)

  • Chang, Eunmi;Kang, Byungki;Park, Kyeong
    • Journal of the Korean Geographical Society
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    • v.50 no.3
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    • pp.355-373
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    • 2015
  • In this study the factors of fire damage are analyzed through previous research reviews. Local environmental factors as well as those factors attributed to fire damage (number of fire events, number of injured, number of death, economic loss) were selected to compose mutual relationship model. In order to verify this relationship model, official statistics concerning fire damage were collected from 228 local governments and compared with results from previous research. As a result of this comparison four dependent variables and 22 independent variables that affect fire damage were analyzed. Independent variables are divided into human vulnerability factors, physical vulnerability factors, economic vulnerability factors, mitigating factors and local characteristics. To analyze a relationship between selected dependent variables and independent variables, we applied a semi-logarithm model and performed regression analysis. Among the 22 independent variables, the number of the weak to disaster, social welfare service workers, workers in manufacturing industry, and the number of workers in restaurants and bars per 10,000 people show the significant correlation with the number of fire incidence. The number of death from fire is significantly related to two variables which are the number of social welfare service workers per 10,000 and the ratio of commercial area. Damage cost is significantly dependent on the property taxes per 10,000 people. These factors were included in the research model as vulnerability factors (human, physical, economic) and mitigating factors and local characteristics, and the validity of research model was verified. The result could contribute to fire-fighting resource allocation in Korea or they can be utilized in establishing fire prevention policy, which will enhance the national level of fire safety.

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A revaluation of algal diseases in Korean Pyropia (Porphyra) sea farms and their economic impact

  • Kim, Gwang Hoon;Moon, Kyoung-Hyoun;Kim, Je-Yoon;Shim, Junbo;Klochkova, Tatyana A.
    • ALGAE
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    • v.29 no.4
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    • pp.249-265
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    • 2014
  • As with land crops, cultivated algae are affected by various diseases ranging from large outbreaks of a disease to chronic epiphytes, which may downgrade the value of the final product. The recent development of intensive and dense mariculture practices has enabled some new diseases to spread much faster than before. A new disease is reported almost every year, and the impact of diseases is expected to increase with environmental change, such as global warming. We observed the incidence of diseases in two Pyropia sea farms in Korea from 2011 to 2014, and estimated the economic loss caused by each disease. Serious damage is caused by the oomycete pathogens, Pythium porphyrae and Olpidiopsis spp., which decreased the productivity of the Pyropia sea farms. In Seocheon sea farms, an outbreak of Olpidiopsis spp. disease resulted in approximately US $1.6 million in loss, representing approximately 24.5% of total sales during the 2012-2013 season. The damage caused by green-spot disease was almost as serious as oomycete diseases. An outbreak of green-spot disease in the Seocheon sea farms resulted in approximately US $1.1 million in loss, representing 10.7% of total sales in the 2013-2014 season in this area. However, the causative agent of green-spot disease is still not confirmed. "Diatom felt" is regarded as a minor nuisance that does not cause serious damage in Pyropia; however, our case study showed that the economic loss caused by "diatom felt" might be as serious as that of oomycete diseases. Bacteria and cyanobacteria are indigenous members of epiphytic microbial community on Pyropia blades, but can become opportunistic pathogens under suitable environmental conditions, especially when Pyropia suffers from other diseases. A regular acid wash of the Pyropia cultivation nets is the most common treatment for all of the above mentioned diseases, and represents approximately 30% of the total cost in Pyropia sea farming. However, the acid wash is ineffective for some diseases, especially for Olpidiopsis and bacterial diseases.

A Study on the Substantial impact of US high rate tariff policy on the Korean companies -Based on analysis of Article 301 of the US Trade Law -

  • Nam, Seon Mo
    • International Journal of Advanced Culture Technology
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    • v.7 no.4
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    • pp.63-68
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    • 2019
  • Recently, the United States and China have declared a 25% retaliatory tariff for the partner country products of 50 billion dollar scale. "Trade war" is getting full swing. Such conflicts between economic powers may spread to Japan like the domino phenomenon following the EU (European Union) and become bigger in the global trade war. As a result, Korea has an economic system with a high degree of external dependence, and there is an expert's analysis that it will become the largest victim of the global trade war. If the WTO Dispute Settlement Authority approves this US 301 retaliation measure in the same way as the past case (US-EU hormone-treated beef imports), the United States will not import any Chinese imported products Chinese products) can be imposed. If the US launches a special 301 or super 301, which is stronger than the regular 301, then China is very likely to enforce US retaliation against it, and the trade war between the two countries could become a reality. This phenomenon is likely to have a negative impact on Korean companies. In particular, Korea, which is highly reliant on intermediate goods exports to China, is expected to suffer a great deal of damage. Therefore, Korea needs flexible response at home and abroad, it is necessary to enhance the autonomy of companies and protect export industries. Adjusting corporate tax rate as well as domestic industry height will be one way. The long-term (21 months) trade war between the United States and China has resulted in economic uncertainty. The resulting damage must be compensated. It is necessary to prepare the compensation through the economic council between countries. In the future, the punitive damage compensation system should be introduced.

Economic Analysis on Effects of Cyber Information Security in Korea: Focused on Estimation of National Loss (사이버정보보호의 경제적 효과분석: 국가적 피해액 산정을 중심으로)

  • Shin, Jin
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.23 no.1
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    • pp.89-96
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    • 2013
  • Recent DDoS attacks and private informations leaked show that everyday life is interwoven with cyberspace and we are becoming more vulnerable to cyber attacks. Therefore, a systematic understanding of cyber damage structure is very important and damage loss estimation method should be developed to establish solid cyber security protection system. In this study, economic loss caused by cyber attacks are surveyed based on the analysis of existing studies and try to develop a reasonable methods to estimate economic effects of cyber security protection in Korea. Potential economic loss of Korea by cyber attacks may be situated between 10 billion and 40 billion dollars. But more sophisticated system should be established to estimate economic effects of cyber protection for proper policy decision making.

The Effect of Franchisors' Gapjil on Economic Satisfaction, Social Satisfaction, and Recontract Intention

  • HUR, Soon-Beom;LEE, Yong-Ki
    • The Korean Journal of Franchise Management
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    • v.12 no.2
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    • pp.35-49
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    • 2021
  • Purpose: The major objective of this study is to develop a model for the impact of franchisors' Gapjil (verbal·nonverbal Gapjil, abusing bargaining position, refusing transaction, false or exaggerated information, restrictive practices, unfair damage compensation) on franchisee's recontract intention. We also examine the mediating role of economic satisfaction and social satisfaction in the relationship between franchisors' Gapjil and franchisee's contract intention. Research design, data, and methodology: Data were collected from franchisee owners located nationwide in Korea. Out of 256 questionaires distributed, a total of 256 questionnaires were returned. After excluding 10 invalid respondent questionnaires, we coded and analyzed 246 valid questionnaires (effective response rate of 96.09%) using frequency, confirmatory factor analysis, correlations analysis, and structural equation modeling with SPSS 22.O and SmartPLS 3.0. Results: The findings of this study are summarized as follows: First, among the Gapjil of the franchisors, restrictive practices and unfair damage compensation had negative effects on economic and social satisfaction, but verbal and nonverbal Gapjil for economic and social satisfaction was not significant. Second, abusing bargaining positions and false or exaggerated information had negative effects on social satisfaction, but for economic satisfaction, found to be insignificant. Third, economic and social satisfaction had positive effects on the franchisee's recontract intention to the franchisor. Conclusion: The following implications of this study are as follows. First, the construct of Gapjil that occurs between the franchisors and the franchisees was first presented, and the franchisors' Gapjil is divided into interpersonal Gapjil and structural Gapjil. Second, the Gapjil of the franchisors can be an important predictor variable in maintaining and developing a long-term relationship between the franchisors and the franchisees. Third, solving conflict due to the Gapjil problem between franchisors and franchisees can be an important factor for franchisors and franchisees to co-survive and thrive in Korean franchise system. Fourth, this study suggest that managing the Gapjil of the franchisors was a important antecedent factor in maintaining long-term relationship between the franchisors and the franchisees. Therefore, this study will help franchisors formulate effective symbiotic marketing strategies to satisfy relationships with franchisees and consequently enhance long-term orientation.

Damage Probabilities according to the Structural Characteristics of Bridges and the Determination of Target Ductilities (교량의 구조특성에 따른 손상확률과 목표연성도 결정)

  • Sun, Chang-Ho;Lee, Jong-Seok;Kim, Ick-Hyun
    • Journal of the Earthquake Engineering Society of Korea
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    • v.14 no.3
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    • pp.1-10
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    • 2010
  • The target performance of a current seismic design code is to achieve collapse-prevention in order to minimize casualties. Existing structures are also being retrofitted to meet this target performance. This seismic performance seems to have been achieved in recent great overseas earthquakes, but the accompanying enormous economic loss is pointed out as a new problem. A new seismic design concept over the current target performance is required to reduce economic loss, in which a target performance is determined by the damage probability in order to control the damage levels of structures. In this study, the seismic behavior of bridges having different characteristics was investigated by nonlinear seismic analyses, and fragility curves with respect to a reference damage level were derived. Based on these results, the characteristics of target ductilities satisfying a target damage probability were investigated.

Estimation of Potential Population by IED(Improvised Explosive Device) in Intensive Apartment Area (아파트 밀집지역 급조폭발물 테러 발생 시 잠재피해인구 추정)

  • Lee, Kangsan;Choi, Jinmu
    • Journal of the Economic Geographical Society of Korea
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    • v.18 no.1
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    • pp.76-86
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    • 2015
  • In this study, we presented a method for estimating the potential population damage of the Seoul Nowon-gu area in the event of a terrorist using a vehicle improvised explosive devices (IED). Using the object-based building extraction method with orthophoto image, the area of the apartment has been determined, and the apartment's height and level were estimated based on the elevation data. Using the population estimation method based on total floor area of building, each apartment resident population was estimated, and then potential population damage at the time of terrorist attacks was estimated around the subway station through a scenario analysis. Terrorism damage using IED depends on the type of vehicle greatly because of the amount loadable explosives. Therefore, potential population damage was calculated based on the type of vehicle. In the results, the maximum potential damage population during terrorist attacks has been estimated to occur around Madeul station, Nowon-gu. The method used in this study can be used various population estimation research and disaster damage estimation.

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Effects of Long-Term Harbor Shutdown and Temporal Operational Stoppage upon Optimal Design of Vertical Breakwater Caisson (장기간의 항만 폐쇄와 일시적 운영 중단이 직립 방파제 케이슨의 최적 설계에 미치는 영향)

  • Suh, Kyung-Duck;Kim, Deok-Lae;Kim, Kyung-Suk
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.19 no.2
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    • pp.113-127
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    • 2007
  • In this study, a model to calculate the expected total construction cost is developed that simultaneously considers the rehabilitation cost related to the sliding of the caisson, the economic damage cost due to harbor shutdown in the event of excessive caisson sliding, and the economic damage cost due to temporal operational stoppage by excessive wave overtopping. A discount rate is used to convert the damage costs occurred at different times to the present value. The optimal cross-section of a caisson is defined as the cross-section that requires a minimum expected total construction cost within the allowable limit for the expected sliding distance of the caisson during the lifetime of the breakwater. Two values are used for the allowable limit: 0.3 and 0.1 m. It was found that the economic damage cost due to harbor shutdown by excessive caisson sliding is more critical than the rehabilitation cost of the caisson or the economic damage cost by excessive wave overtopping in the decision of the optimal cross-section. In addition, the optimal cross-section of the caisson was shown to be determined by the allowable limit for the expected sliding distance rather than the minimum expected total construction cost as a larger value is used for the threshold sliding distance of the caisson for harbor shutdown.

Socio-Economic Factors and Rural Competitive Advantage: The Moderating Role of Economic Literacy

  • RUSTANTONO, Hendra;SOETJIPTO, Budi Eko;WAHJOEDI, Wahjoedi;SUNARYANTO, Sunaryanto
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.151-159
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    • 2020
  • This study aims to determine the factors influencing the community behavior in improving competitive rural tourism as well as understanding the role of economic literacy in mediating socio-economic indicators and rural competitive advantage. This research followed an explanatory research to examine the relationship between variables including socio-economic variables and rural tourism competitive advantage. The data was gathered by conducting observations and interviews with tourism businesses, stakeholders, and the local village government, and related agencies as respondents. Furthermore, the data were analyzed following inductive and descriptive statistics. The findings indicated that, from all variables used, solely the environmental impact variable did not affect economic literacy and the competitive advantage of rural tourism. The moderating variables showed that the economic literacy mediates the economic impact on rural tourism competitive advantage. In addition, socio-cultural impacts on rural competitive advantage tourism, and the stakeholder involvement affects rural competitive advantage tourism. However, economic literacy failed in mediating between environmental impacts on rural competitive advantage tourism. This is due to the increasing understanding of the economy of the community around the tourist attractions it will increase the business around the tourist attractions that have an impact on environmental damage around the tourist attractions.