• Title/Summary/Keyword: financial development

Search Result 2,202, Processing Time 0.028 seconds

THE FINANCING MODEL FOR GREEN BUILDING PROJECTS WITH THE GOVERNMENTAL GUARANTEE BASED ON CER (Certified Emission Reduction)

  • Sang-Hyo Lee;Se-Woong Jang;Ju-Hyung Kim;Jae-Jun Kim
    • International conference on construction engineering and project management
    • /
    • 2011.02a
    • /
    • pp.368-375
    • /
    • 2011
  • Along with the growing interest in greenhouse gas reduction, the effect of energy reduction from green buildings is gaining interest as well. However, green buildings may have difficulties in financing due to their high initial construction costs. With this in mind, the objective of this study is to suggest a financing model for green building projects with a governmental guarantee based on CER (Certified Emission Reduction). In other words, in the financing model, the government provides a guarantee for the increased costs of a green building project in return for CER. The suggested financing model was tested and found feasible for implementing green building projects. In addition, the model in this study is applicable to private projects because guarantee has its return. To utilize CER as a return for a financial guarantee, however, certification of CDMs (Clean Development Mechanism) for green buildings must be vitalized.

  • PDF

A Study on Corporate Social Responsibility and Moral Management

  • Kim Taek;Yong Young Rok
    • International Journal of Advanced Culture Technology
    • /
    • v.12 no.2
    • /
    • pp.43-50
    • /
    • 2024
  • Foreign scholars pointed out that the root of the Korean economic crash was A Study on Corporate Social Responsibility and Moral Management due to the government's excessive regulations, the harmful effects of government finance, and the high-cost political structure. Despite the need to ease the rigidity of governmental finance and various regulations and operate the financial system through autonomous market mechanisms, it was argued that various bribes, express fees, and collusive lobbying funds were inevitably generated due to discretionary acts of bureaucrats with licenses and permits, complicated administrative procedures and systems, and regulatory changes in government policies. In fact, in developing countries, corruption was a necessary evil for economic development and was seen as a lubricant in economic management. The purpose of this study is to study the social responsibility and corporate ethics of chaebol. First: consider the problems of large corporations. Second, We will consider the direction and policy of corporate ethics. This paper sheds light on the ethical management of the Korean chaebol, considering that corporate ethics and transparency for the social responsibility of chaebols are important

Revolutionizing Elderly Care in Korea: A Deep Dive into the 'Nomad Silver' Generation's Hospital Needs

  • Yoo, Seungchul;Tunas Puentes, Sofia
    • International journal of advanced smart convergence
    • /
    • v.13 no.1
    • /
    • pp.122-128
    • /
    • 2024
  • This study delves into the unique transformation of South Korea's elderly population, distinctively termed 'Nomad Silver'. Characterized by individuals aged 65 and above who actively seek novel experiences and embrace new activities, this demographic shift signifies a departure from traditional perceptions of the elderly. The Nomad Silver cohort, distinguished by their significant economic influence and evolving needs, necessitates a tailored approach to healthcare services. This paper underscores the importance of comprehending both the fundamental biological needs and the personalized desires of the Nomad Silver, aiming to enhance their satisfaction and overall well-being. Hospitals, in response, should innovate their services to resonate with the emotional, psychological, and social facets of this age group. Consequently, the paper proposes a four-pronged strategy for hospitals to adapt: comprehensive healthcare provision, patient-centric service development, senior health education coupled with community engagement, and establishing a generational bridge hub. Furthermore, the paper posits that catering to the Nomad Silver not only promises substantial financial gains for hospitals but also fosters new business opportunities across various sectors.

Equity Financing for Innovation and Firm Value: International Evidence

  • Jin-Young Yang
    • Asia-Pacific Journal of Business
    • /
    • v.14 no.4
    • /
    • pp.23-36
    • /
    • 2023
  • Purpose - This study investigates the impact of equity financing on the valuation of R&D investments using a sample of firms from 33 countries from 1997 to 2018. Design/methodology/approach - I use a modified version of the valuation regression widely used in the literature. Findings - I find evidence that R&D investments are more highly valued when financed through equity. In contrast, debt financing does not affect the valuation of R&D investments. I also document that the impact of equity financing on R&D investment valuation weakens during the financial crisis. Research implications or Originality - In light of the distinctive characteristics of innovative investment, previous research investigates its relationship with financing. What remains unexamined, however, is how financing choices impact the way investors value innovative investments. This study seeks to bridge this gap in the existing body of research using a sample of firms from 33 countries from 1997 to 2018, for 22 years.

Current status, challenges and prospects for pig production in Asia

  • Lu Wang;Defa Li
    • Animal Bioscience
    • /
    • v.37 no.4_spc
    • /
    • pp.742-754
    • /
    • 2024
  • Asia is not only the primary region for global pig production but also the largest consumer of pork worldwide. Although the pig production in Asia has made great progress in the past, it still is confronted with numerous challenges. These challenges include: inadequate land and feed resources, a substantial number of small-scale pig farms, escalating pressure to ensure environmental conservation, control of devastating infectious diseases, as well as coping with high temperatures and high humidity. To solve these problems, important investments of human and financial capital are required to promote large-scale production systems, exploit alternative feed resources, implement precision feeding, and focus on preventive medicine and vaccines as alternatives to antibiotics, improve pig breeding, and increase manure recycling. Implementation of these techniques and management practices will facilitate development of more environmentally-friendly and economically sustainable pig production systems in Asia, ultimately providing consumers with healthy pork products around the world.

Market Performance of Major Companies in Cybersecurity and Policy Trends in Information and Communication Technology Supply Chain (사이버 보안 분야 주요 기업의 시장 성과와 ICT 공급망 관련 정책 동향)

  • C.M. Ahn;Y. Yoo
    • Electronics and Telecommunications Trends
    • /
    • v.39 no.3
    • /
    • pp.48-57
    • /
    • 2024
  • Cyberthreats and crimes have become common in society and demand the adoption of robust security measures. Financial cybercrimes, personal information breaches, and spam messages are now prevalent, while companies and nations face an increasing number of cyberthreats and attacks such as distributed denial of service, ransomware, and malware. As the overall socioeconomic landscape undergoes digitalization powered by big data, cloud computing, and artificial intelligence technologies, the importance of cybersecurity is expected to steadily increase. Developed nations are actively implementing various policies to strengthen cybersecurity and providing government support for research and development activities to bolster their domestic cybersecurity industries. In particular, the South Korean government has designated cybersecurity as one of the 12 nationwide strategic technology sectors. We examine the current landscape of cybersecurity companies and the information and communication technology supply chain, providing insights into the domestic cybersecurity market and suggesting implications for South Korea.

Livelihood sustainability of small-scale fishing households: an empirical analysis of U Minh wetland, Ca Mau province, Vietnam

  • Nguyen Thi Kim Quyen;Dang Thi Phuong;Vu Dang Ha Quyen
    • Fisheries and Aquatic Sciences
    • /
    • v.27 no.9
    • /
    • pp.552-564
    • /
    • 2024
  • This paper used the UK Agency for International Development sustainable livelihood framework to measure small-scale in-land fishing household's livelihood by sustainable livelihood capital index in the vulnerable context of aquatic natural resource depletion in the wetland forest of Ca Mau province, Vietnam. Findings indicated that fishing households' livelihood capital is unsustainable and inadequate. The result took note of the beneficial physical capital while underlining the human, natural, financial, and social capital's limitations in achieving livelihood sustainability. The limitations were found to be a low score of composite index of sustainable livelihood capital (less than an average score of 0.5) whereas the outstanding score of physical capital was found. Providing training in the adoption of new livelihood models, learning livelihood diversification, access to formal credit, and appropriate coverage of social safety-net programs might help mitigate the unsustainable livelihood of inland fishing households.

Characteristics and Treatment of Cyberviolence Trauma in Children and Adolescents

  • Seung Min Bae
    • Journal of the Korean Academy of Child and Adolescent Psychiatry
    • /
    • v.35 no.3
    • /
    • pp.169-174
    • /
    • 2024
  • Cyberviolence is a new form of violence encompassing any online activity that results in harm to the psychological, emotional, financial, or physical well-being of an individual or group. These adverse activities often lead to serious offline and long-lasting negative impact, especially on children and adolescents whose development has not matured sufficiently. Therefore, it is more important for mental health professionals to be well informed about the rapidly evolving forms of cyberviolence and its risks and to respond appropriately. This article provides an overview of the concept and unique features of cyberviolence trauma in minors in South Korea while also examining ongoing efforts to explore and implement effective treatment programs. Cyberbullying and digital sexual abuse, the most common forms of cyberviolence experienced by minors in South Korea, are explored in detail. Additionally, this review proposes directions for future research and the efforts that clinicians should focus on.

Development of a YOLOv8-Based Sashimi Image Recognition Mobile Application (YOLOv8 기반의 회 이미지 인식 모바일 애플리케이션 개발)

  • Jane Park;Youngseob Lim;Minhee Kang;Injun Kim;Yongju Cho
    • Annual Conference of KIPS
    • /
    • 2024.10a
    • /
    • pp.416-417
    • /
    • 2024
  • 본 연구에서는 YOLOv8 모델을 활용해 다양한 회의 종류를 인식할 수 있는 모바일 애플리케이션을 개발하였다. 완성된 애플리케이션은 사용자가 모둠회 사진을 촬영하면, 학습된 딥러닝 모델이 이미지를 처리하여 해당 회의 종류를 인식한다. 본 논문에서는 애플리케이션의 시스템 설계와 구현 과정, 성능 평가 결과를 제시하며, 사용자가 실시간으로 인식 결과를 확인할 수 있는 기능을 중점적으로 다룬다.

The Prediction of Export Credit Guarantee Accident using Machine Learning (기계학습을 이용한 수출신용보증 사고예측)

  • Cho, Jaeyoung;Joo, Jihwan;Han, Ingoo
    • Journal of Intelligence and Information Systems
    • /
    • v.27 no.1
    • /
    • pp.83-102
    • /
    • 2021
  • The government recently announced various policies for developing big-data and artificial intelligence fields to provide a great opportunity to the public with respect to disclosure of high-quality data within public institutions. KSURE(Korea Trade Insurance Corporation) is a major public institution for financial policy in Korea, and thus the company is strongly committed to backing export companies with various systems. Nevertheless, there are still fewer cases of realized business model based on big-data analyses. In this situation, this paper aims to develop a new business model which can be applied to an ex-ante prediction for the likelihood of the insurance accident of credit guarantee. We utilize internal data from KSURE which supports export companies in Korea and apply machine learning models. Then, we conduct performance comparison among the predictive models including Logistic Regression, Random Forest, XGBoost, LightGBM, and DNN(Deep Neural Network). For decades, many researchers have tried to find better models which can help to predict bankruptcy since the ex-ante prediction is crucial for corporate managers, investors, creditors, and other stakeholders. The development of the prediction for financial distress or bankruptcy was originated from Smith(1930), Fitzpatrick(1932), or Merwin(1942). One of the most famous models is the Altman's Z-score model(Altman, 1968) which was based on the multiple discriminant analysis. This model is widely used in both research and practice by this time. The author suggests the score model that utilizes five key financial ratios to predict the probability of bankruptcy in the next two years. Ohlson(1980) introduces logit model to complement some limitations of previous models. Furthermore, Elmer and Borowski(1988) develop and examine a rule-based, automated system which conducts the financial analysis of savings and loans. Since the 1980s, researchers in Korea have started to examine analyses on the prediction of financial distress or bankruptcy. Kim(1987) analyzes financial ratios and develops the prediction model. Also, Han et al.(1995, 1996, 1997, 2003, 2005, 2006) construct the prediction model using various techniques including artificial neural network. Yang(1996) introduces multiple discriminant analysis and logit model. Besides, Kim and Kim(2001) utilize artificial neural network techniques for ex-ante prediction of insolvent enterprises. After that, many scholars have been trying to predict financial distress or bankruptcy more precisely based on diverse models such as Random Forest or SVM. One major distinction of our research from the previous research is that we focus on examining the predicted probability of default for each sample case, not only on investigating the classification accuracy of each model for the entire sample. Most predictive models in this paper show that the level of the accuracy of classification is about 70% based on the entire sample. To be specific, LightGBM model shows the highest accuracy of 71.1% and Logit model indicates the lowest accuracy of 69%. However, we confirm that there are open to multiple interpretations. In the context of the business, we have to put more emphasis on efforts to minimize type 2 error which causes more harmful operating losses for the guaranty company. Thus, we also compare the classification accuracy by splitting predicted probability of the default into ten equal intervals. When we examine the classification accuracy for each interval, Logit model has the highest accuracy of 100% for 0~10% of the predicted probability of the default, however, Logit model has a relatively lower accuracy of 61.5% for 90~100% of the predicted probability of the default. On the other hand, Random Forest, XGBoost, LightGBM, and DNN indicate more desirable results since they indicate a higher level of accuracy for both 0~10% and 90~100% of the predicted probability of the default but have a lower level of accuracy around 50% of the predicted probability of the default. When it comes to the distribution of samples for each predicted probability of the default, both LightGBM and XGBoost models have a relatively large number of samples for both 0~10% and 90~100% of the predicted probability of the default. Although Random Forest model has an advantage with regard to the perspective of classification accuracy with small number of cases, LightGBM or XGBoost could become a more desirable model since they classify large number of cases into the two extreme intervals of the predicted probability of the default, even allowing for their relatively low classification accuracy. Considering the importance of type 2 error and total prediction accuracy, XGBoost and DNN show superior performance. Next, Random Forest and LightGBM show good results, but logistic regression shows the worst performance. However, each predictive model has a comparative advantage in terms of various evaluation standards. For instance, Random Forest model shows almost 100% accuracy for samples which are expected to have a high level of the probability of default. Collectively, we can construct more comprehensive ensemble models which contain multiple classification machine learning models and conduct majority voting for maximizing its overall performance.