• Title/Summary/Keyword: financial development

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CONSTRUCTION COST CLAIMS, OR ENTITLEMENTS?

  • Tan Hock Soon Adrias
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.150-159
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    • 2007
  • More often than not, cost claims which are legitimately due and entitled to the contractor for works done, or for loss and expense incurred arising from disruption, prolongation and delay, are surprising not successfully recovered, whether in whole or in part, or none at all. One of the main reasons attributing to such scenario, is due to either the contractor, employer or the consultants and their poor understanding of and adherence to established and proper contractual rubric that is embodied in the building construction contract for the works. This paper explores some such pitfalls that could very well spell the ultimate financial disaster for many contractors, and highlights salient and essential intimations that contractors and consultants should watch out for.

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FinTech in Saudi Arabia: A User Experience Aanalysis of FinTech Platforms

  • Abdulhadi M. Eidaroos
    • International Journal of Computer Science & Network Security
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    • v.23 no.9
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    • pp.177-185
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    • 2023
  • The global FinTech industry has experienced significant growth, with key projects developing the financial sector. In Saudi Arabia, startups have used technology to offer FinTech services. In this area, it is important to investigate the usability of platforms that offer FinTech services. This research aims to examine the usability of samples of Saudi FinTech websites and identify design issues impacting user experience. Usability testing was conducted on the websites of two FinTech firms identified design issues, including navigation problems on the homepage and a lack of transparency in displaying investment details, negatively impacting end users. Employing usability methods can assist in enhancing the development of FinTech platforms and addressing these issues. This study contributes to a deeper understanding of FinTech usability problems and the user experience, enabling advancements in the industry.

INTEGRATED PERFORMANCE MANAGEMENT FOR WHOLE PHASES OF URBAN RENEWAL MEGAPROJECTS

  • Heedae Park;Kang-Wook Lee;Seung Heon Han
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1463-1467
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    • 2009
  • Construction projects are vulnerable to diverse internal and external factors, requiring systematic and consistent performance management along the entire life cycle of a project. In particular, urban renewal projects have a range of performance measures, including policy reconciliation and permits, project development, project financing, design, construction, and occupancy and maintenance. This requires a program-level megaproject approach, which integrates each stage of a project as well as variety of stakeholders' interests in pursuing a project from different perspectives. However, previous research on performance management has focused especially on the limited scopes of factors, including cost, quality, and schedule at the project level or on financial factors at the firm level. Given the lack of current approaches, this study suggests an integrated and systematic performance management scheme to control urban renewal megaprojects at the broadened perspectives of the program level. To this end, this study adopts the balanced scorecard approach and elicits key performance indices associated with various project configurations. Finally, an algorithm is presented for quantitatively assessing the level of performances along whole life cycle of urban renewal megaprojects.

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A Study on the Development of Operational Indicators for the Introduction of Digital Transformation (디지털 트랜스포메이션 도입을 위한 운영 지표 개발에 관한 연구)

  • Seung Un Kim;Jooseok Park;Jeong Suk Jin
    • Journal of Information Technology Services
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    • v.22 no.4
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    • pp.37-51
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    • 2023
  • Digital transformation(DT) is about reinventing the enterprise, completely changing its vision, strategy, organizational structure, processes, capabilities, and culture. Therefore, companies preparing or embarking on DT must be able to identify their current status and assess their level for successful DT. In this study, we developed indicators to diagnose and evaluate the current level of a company for successful DT. The current level was actually evaluated by using the evaluation indicators developed for the financial industry (insurance, securities, etc.), an industry where DT is currently being successfully introduced. The most important aspect of this study is that it provides metrics to evaluate the adoption an progress of digital transformation when reinvention a company, rather than a partial view.

DERIVING ACCURATE COST CONTINGENCY ESTIMATE FOR MULTIPLE PROJECT MANAGEMENT

  • Jin-Lee Kim ;Ok-Kyue Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.935-940
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    • 2005
  • This paper presents the results of a statistical analysis using historical data of cost contingency. As a result, a model that predicts and estimates an accurate cost contingency value using the least squares estimation method was developed. Data such as original contract amounts, estimated contingency amounts set by maximum funding limits, and actual contingency amounts, were collected and used for model development. The more effective prediction model was selected from the two developed models based on its prediction capability. The model would help guide project managers making financial decisions when the determination of the cost contingency amounts for multiple projects is necessary.

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Study on the Fishery Products Classification Dispute Cases - Focusing on the Classification of Dosidicus Gigas Squid Species (수산물 품목분류 분쟁사례에 관한 연구-도시디쿠스(Dosidicus)속 기가스(Gigas)종 오징어 품목분류 사례를 중심으로)

  • Min-Gyu Park
    • The Journal of Fisheries Business Administration
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    • v.53 no.4
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    • pp.51-67
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    • 2022
  • The Korean tariff rate for fishery products is a single tax rate of 10% for live fish and frozen seafood, and 20% for all others. Since FTAs have been concluded with several countries, the tariffs is not an appropriate means to protect domestic fishery producers. The differential tariff rate according to the scientific name (genus) of the fishery products, which was implemented 30 years ago to protect fishery products produced in the Korean coastal waters has lost its original purpose. It seems that future fishery trade policy should focus on IUU prevention, hygiene and safety of consumers rather than protecting fishery producers through customs tariffs. This paper suggest that a paradigm shift in the fishery producers protection policies such as direct financial support from the state, protection and development of fishery resources, and support for fostering the 6th industry rather than indirect protection through tariffs.

A Research of the Logistics Legal System in China-Korea FTA

  • Zhang, Fan;Su, Shuai
    • The Journal of Economics, Marketing and Management
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    • v.6 no.1
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    • pp.25-30
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    • 2018
  • Purpose - This paper mainly studied the role of the logistics legal system in promoting international transport logistics, building marine economy international cooperation demonstration zone and deepening the economic and financial cooperation etc between China and Korea. Research design, data, and methodology - The study conducted a survey on China and Korea's 2012-2017 years data. After empirically analyzing the data, we believe that cultural industry in Korea and China will maintain its growth momentum. Results - This study explored the way to establish an integrated logistics system between China and Korea to match the e-commerce certification system, online payment system and logistic distribution, thereby gradually promoting economic development and logistics integration in Asia. Conclusions- China-Korea FTA can encourage private flow to take on enterprises. In terms of improving logistics efficiency, reducing logistics costs and establishing a unified logistics industry standardization system. This will accelerate logistics industry integration in Northeast Asia, build a unified logistics management center in Northeast Asia, and promote a new model of integrated logistics cooperation in Northeast Asia. Therefore, it has a practical and reference significance.

Development of International Project Risk Index (IPRI)

  • Yoo, Wi Sung;Kim, Woo-young
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.49-50
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    • 2015
  • Since the mid-2000s, Korean large-sized construction companies have pursued in earnest to expand their business to global construction market in surroundings that domestic market have a continuous and long-term stagnation. However, during last a few years, they have experienced the serious financial loss from international projects. In the meantime, for the sound improvement of Korean construction industry, many stakeholders long for efficient early warning signals to generally monitor and track the potential risks of international projects. In this study, we introduce an International Project Risk Index (IPRI), which is derived from massive data provided by large-sized companies, and expect to provide the practitioners and decision makers as an aid to proactively cope with the change of the potential risks. The outcomes from the IPRI can be utilized to prepare a timely management strategy and to establish an appropriate government support regulation.

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Development of Fingerprint Recognition-Based OTP System for Financial Institutions (금융기관에서 사용하는 지문인식 기반 OTP 시스템 개발)

  • Sang-Hoon Han;Chea-Young Lee
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2023.07a
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    • pp.723-726
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    • 2023
  • 본 논문은 기존의 OTP(One-Time Password) 시스템의 한계와 약점을 해결하기 위하여 지문인식을 활용한 OTP 시스템에 대하여 연구를 진행하였다. OTP 시스템 자체가 높은 보안성을 가지고 있지만, 은행에서 발급하는 OTP는 생성 버튼만 누르면 비밀번호가 생성되기 때문에, 분실 및 도난 상황에서 2차 인증에 대한 보안이 허술해 질 수 밖에 없다. 본 연구에서는 지문인식 기반 OTP 시스템의 개발 방법을 마련하여 사회적으로 보안에 대한 인식을 높이고, 동시에 사용자의 편의성을 높이기 위한 방법을 제시하고자 한다.

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Using SBT based on the financial sector Development of smart notarization that can verify identity (금융권 기반의 SBT 를 활용한 신원 검증이 가능한 스마트 공증 개발)

  • Hyeon-ju Park;Yu-Jin Kwon;Jun-Young Park;Da-yeon Jung;Gi-ung Chae
    • Annual Conference of KIPS
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    • 2023.11a
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    • pp.807-808
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    • 2023
  • 공증이란 "공증인에 의한 공적인 증명"의 준말로서, 법무부 지방검찰청 소속의 "공증인"이 특정한 사실 및 법률관계의 존재를 공적으로 증명하는 행위를 말한다. 공증문서 위변조 방지를 위해 NFT 에 거래방지 기능이 추가된 SBT 를 이용하여 블록체인으로 문서를 관리해 무결성과 진본성을 보장하는 스마트 공증 플랫폼을 제안한다.