• Title/Summary/Keyword: funding system

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A study on the occurrence and resolution of disputes among crowd-funding stake-holders (크라우드펀딩 이해관계자 간의 분쟁발생과 해결방안)

  • Kim, Kee Hong
    • Journal of Arbitration Studies
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    • v.31 no.1
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    • pp.155-171
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    • 2021
  • Recently, the e-business market has become a place of convergence where consumers and suppliers communicate with each other, and a new method of trading of funds has emerged in the process. Crowd-funding is one of the types of money transactions that have emerged in the online space, and its interest and trading volume have been growing rapidly recently. The platform in the online space using crowd-funding method operates in the form of online telecommunication sales, and it is in the form of producing and delivering products based on funds obtained from potential consumers by the operators involved in securing funds. However, if the participating business operators do not deliver the product or deliver the product other than the promoted product and avoid responsibility, the potential demander will not be compensated without mediation by the platform operating entity. In this study, despite the rapid growth in the market size of crowd-funding, consumers who participated in the funding are protected and able to resolve disputes in the event of a conflict amid growing complaints from potential consumers and side effects. The structure or method of crowd-funding is a new form of trading that has different features from conventional e-commerce. Therefore, the legal basis is not yet in place and the standards need to be laid out through various and sufficient discussions politically, legally, socially and culturally and economically. As the potential market and positive effects of crowd-funding around the world have been recognized, a role is required as an ecosystem for new financial transactions. And the potential market could be realized as a new industry if the right legal system and policy consultation were made.

A Study on the Role of Public Fund for Improvement of Korean Animation Funding System (한국 애니메이션 재원조달 활성화 방안 연구 : 공적기금의 역할을 중심으로)

  • Kim, Young-Jae
    • Cartoon and Animation Studies
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    • s.18
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    • pp.17-35
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    • 2010
  • The purpose of this study is to find out the way to improve the funding system of Korean animation, which will lead the establishment of virtuous circle of Korean animation industry. The funding structure of Korean animations in the period of 2005-2009 is analyzed to find out that the funding surveyed to find out that the domestic funding source for Korean animation has reached its limitation. Without any active involvement of public fund, this will result in the shrink of Korean animation industry with heavy reliance on foreign capital and limited quality of Korean animation. This is not only a serious problem of Korean animation industry, but also the problem of Korean cultural identity and variety because it is related with the diminish and degradation of Korean children and family content. Meanwhile, in France and Canada, which are the major co-production partners of Korean animation, the animation production is being activated by the full support of government fund system, because the animation is regarded as the important genre which plays a critical public role in establishing the cultural identity and variety of such countries. Improvement of Korean animation funding system is not pursued by more injection of public fund into the industry. It should be designed to facilitate the investment from the private sector by improving the profitability of Korean animation. This goal can be achieved by public fund with annual budget of 25 billion Korean Won supporting the distribution and production of Korean animation. Discussion should be needed for securing the funding resources such as establishment of new animation fund or utilization of existing fund.

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The Social Security Pension Reform Debate between the World Bank and the ILO/ISSA (World Bank와 ILO/ISSA의 사회보장연금 민영화 논쟁에 관한 연구)

  • Won, Seok-Jo
    • Korean Journal of Social Welfare
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    • v.46
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    • pp.290-318
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    • 2001
  • In 1981, Chile has fundamentally reformed the public pension system from the pay-as-you-go system (PAYGs) to the full funding defined contribution system managed by the private funding companies. The Chilean privatization reform influenced not only the neighbor South American countries but also the advanced countries. The United Kingdom contracted out the state earning related pension system. Australia and Sweden recently introduced the private investment accounts system. And now the hot debates on the privatization of the social security pension is going on in the United States of America. This wind of privatizing the public pension system is being backed up by the New Liberalism, the nowadays' strongest ideology. Besides, the theoretical and idealogical debate between the World Bank and the ILO/ISSA was happened in the middle of 1990s. The World Bank, the supporter of the international financial capital, insisted the introducing of the full funding individual accounts system and the abolition of the existing PAYGs. The ILO/ISSA apposed the World Bank's policies and advocated the moderate reform of the PAYGs. In this paper, I reviewed the Chilean reform, the World Bank's report and the opposing argument of the ILO/ISSA against it, and analysed the core issues of the two sides. Also, I tried to present the suggestions to the Korean public pension systems. Through the discussing the debate, we made certain of the importance of the basic issues in the social security system like equity vs. adequacy, inter-generational redistribution vs. intra-generational redistribution and welfare vs. economy, once again.

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Changes, Effects, Limitations of Legal System and Conditions of Its Reform for Women's Political Representation in South Korea (한국의 여성대표성 법제도의 변화·효과·한계 그리고 개혁의 조건들)

  • Kwon, Soo Hyun
    • Korean Journal of Legislative Studies
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    • v.27 no.1
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    • pp.41-77
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    • 2021
  • It has been 20 years since the gender quota system for expanding women's political representation was enacted. However, the proportion of Korean women's representatives has not exceeded 20 percent. This study examines how the gender quota system, public funding for women candidates, and public funding for women's development, which are the three pillars of the legal system to expand women's representation, have changed systematically over the past 20 years, how they affected women's representation, and what institutional limitations they have. In addition, it explores the im/possible conditions of reforms for expanding women's representation. To reform the legal system for women's representation, it is necessary to understand that Korea's political system is arranged in a gender-based way in a male-dominated structure, while also understanding that the existence of critical actors and mass driving reforms for gender equality in politics is essential.

The Funding system for Shanghai Metro And The Practical Experiences of Utilizing Foreign Funds

  • Zhou Yao Dong
    • Proceedings of the KOR-KST Conference
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    • 1998.09a
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    • pp.185-191
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    • 1998
  • Metro, as a kind of city rail transit, is a modem city passenger transit system with mass transportation and independent special rails. It has become a backbone of the traffic in the metropolis and an important modern symbol of a city. A modem traffic system is indispensable for Shanghai to be an international metropolis of finance, trade and economy. At present, Shanghai metro line No. 1 and its extension have been put into operation, metro line NO. 2 will be put into trial operation by the end of 1999, the Pearl Line, an elevated rail transit system is under construction and other lines will be constructed later according to the plan. But the funding of the city rail transit construction (both metro and light rail) is a big difficult problem to the infrastructure construction of the metropolises either at home or abroad, which is also a problem to restrict the development of the city rail transit of Shanghai. We have learned from the internal and external experiences of the rail transit construction that it is an important means to deal with the funds of the city rail transit construction to actively utilize foreign funds. It makes up the shortage of the internal funds on the one hand, the external advanced science and technology and the management experiences can be introduced on the other hand. In order to discuss and study conveniently with you together the new problems appearing in the metro construction and to open up a new train of thought, this article will give out a certain analysis and description to the funding method in the metro construction of Shanghai and the characteristics of utilizing foreign funds in the rail transit construction as well as the problems which we are faced with.

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Workers' Compensation Insurance and Occupational Injuries

  • Shin, Il-Soon;Oh, Jun-Byoung;Yi, Kwan-Hyung
    • Safety and Health at Work
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    • v.2 no.2
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    • pp.148-157
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    • 2011
  • Objectives: Although compensation for occupational injuries and diseases is guaranteed in almost all nations, countries vary greatly with respect to how they organize workers' compensation systems. In this paper, we focus on three aspects of workers' compensation insurance in Organization for Economic Cooperation and Development (OECD) countries - types of systems, employers' funding mechanisms, and coverage for injured workers - and their impacts on the actual frequencies of occupational injuries and diseases. Methods: We estimated a panel data fixed effect model with cross-country OECD and International Labor Organization data. We controlled for country fixed effects, relevant aggregate variables, and dummy variables representing the occupational accidents data source. Results: First, the use of a private insurance system is found to lower the occupational accidents. Second, the use of risk-based pricing for the payment of employer raises the occupational injuries and diseases. Finally, the wider the coverage of injured workers is, the less frequent the workplace accidents are. Conclusion: Private insurance system, fixed flat rate employers' funding mechanism, and higher coverage of compensation scheme are significantly and positively correlated with lower level of occupational accidents compared with the public insurance system, risk-based funding system, and lower coverage of compensation scheme.

Mobility and productivity: brain circulation and sustainability of the Korean academic system

  • Ki-Seok Kwon;Jeongmin Park;Somin Kim
    • Asian Journal of Innovation and Policy
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    • v.12 no.1
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    • pp.27-53
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    • 2023
  • The purpose of this study is to examine the unique characteristics of the Korean academic system with regard to brain circulation, with a specific emphasis on the influence of overseas-trained academics on research activities within the Korean academic system. We have analyzed the statistical data on individual characteristics and performances of 48,499 Korean academics in science and engineering. We have examined the results at both the system and individual levels within the broader context of the macro characteristics of the Korean academic system. Our analysis reveals that the total number of domestically-trained academics exceeds the number of overseas-trained academics. However, in terms of research funding, overseas-trained academics tend to receive more funding than domestically-trained academics. Furthermore, after controlling other factors such as funding, personal attributes, and environmental factors, our analysis demonstrates that overseas training has a significant and favorable impact on the publication of internationally renowned journals. As such, the presence of overseas returnees has been essential for the effective functioning of the Korean academic system in the global research network and for conducting high-quality academic research. Therefore, the advantages of dependence on scientific core countries such as the US for overseas training have persisted. Nevertheless, upon scrutinizing the group of recently appointed 5,806 academics exclusively, we have discovered that junior academics who received their education domestically exhibit sufficient academic proficiency compared to their colleagues educated overseas. This observation highlights the potential for the Korean academic system to evolve into a self-sustaining system.

Establishing the Supplementary Quantitative Guidelines for Successful Establishment of NRF Grant Funding Mechanism on Basic Research (한국형 그랜트 지원방식 도입에 따른 선정평가 효율화를 위한 정량적 가이드라인 수립에 관한 연구)

  • Seo, Ok-Ee;Park, Kwisun;Shin, Suk Kyung;Lee, Sung Jong;Rhie, Won Geun;Lee, Yun Hee
    • Journal of Korea Technology Innovation Society
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    • v.16 no.2
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    • pp.424-443
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    • 2013
  • National Research Foundation of Korea (NRF) provides underpinning to boost international and domestic competitiveness in basic science and engineering (S&E) research. In 2012, NRF came up with the idea about implementing koreanized grant funding system and a NRF grant funding mechanism on basic research was applied to General Researcher program. The main components of the mechanism are 1) no final evaluation, instead intensive evaluation for next proposal submission, 2) no paper account report, instead reporting it online, 3) no lengthy final report, instead unloading a brief overview of research achievements. For successful establishment of the NRF grant funding mechanism, the quality and quantity-based quantitative guidelines of research achievement for various research areas are essential. In this study, we suggest 3 quantitative indexes and these quantitative guidelines provides a supplementary tool for researcher's capability review. These guidelines will be also useful to elevate the reliability and objectivity of peer review.

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