• Environmental and Resource Economics Review
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• v.27 no.4
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• pp.639-666
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• 2018

This paper analyses the investment options of groundwater development project under water price uncertainty. The optimal investment threshold price which trigger the investment are calibrated base on monopolistic real options model. Stochastic dynamic model is set to reflect the uncertainty of water price which follows the GBM (Geometric Brownian Motion) process. Our finding from non-cooperative investment decision model is that uncertainty of water price could deter the groundwater investment by considering the existence of option values. For policy markers, it is easy to manage 'charges for utilization of groundwater' rather than 'performance guarantee ratio' when managing groundwater investment with pricing policy. And it is necessary to make comprehensive and well-designed policies considering the characteristics of regional groundwater reservoir and groundwater developers.

• Proceedings of the KSRS Conference
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• 2003.11a
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• pp.1383-1385
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• 2003

Remote sensing has been widely used in the exploration of groundwater. In this paper, on the establishment of empirical function between ground water and soil moisture content 6S code is used to reduce uncertainties in the remote sensing of groundwater. Then ground water levels are calculated using 6S corrected and uncorrected ETM+ image along with isochronous meteorological information. Greater correspondence between field examined and satellite monitoring data is obtained from corrected image than from the uncorrected image.

• The Journal of Engineering Geology
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• v.24 no.3
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• pp.431-440
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• 2014

Since the establishment of the Groundwater Act in Korea in 1993, the national policy on groundwater has focused on the preservation and management of groundwater, which should be used only as a subsidiary water resource. However, population growth, increased water demand, climate change, and the need for uniform water distribution have brought changes to groundwater policy, and have led to the prioritization of development projects such as groundwater dams and river bank filtration. Population growth, changes to the water environment, and increased water risks have all played a role in triggering rapid growth within the water industry; the size of the investment in water resources will also continue to increase worldwide. Until now, private wells and bottled mineral water have led the groundwater industry in South Korea. However, a new area of the groundwater industry, which includes the health and medical sciences, employs groundwater properties derived from regional geology, and is growing. This requires the advancement of groundwater research and technical development connected with ICT (Information and Communication Technology) and medical science, and that the public development of groundwater and its various applications is expanded through locating groundwater in the core of the water industry cluster.

• Journal of the Korean earth science society
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• v.28 no.7
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• pp.925-935
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• 2007

Water sources in volcanic Jeju Island are almost entirely dependent on groundwater because there are actually no perennial streams or rivers due to the permeable nature of surface soils derived from basaltic or trachytic rocks. Uncontrolled development of groundwater resulted in substantial water-level decline, groundwater pollution, and seawater intrusion in several places of the island. To maintain its sustainable groundwater, the provincial government has declared some parts of the island as the Special Groundwater Conservation/Management Area since 1994. Hence, all the activities for the groundwater development in the area should obtain official permit from relevant authorities. Furthermore, to acquire information on groundwater status, a network of groundwater monitoring was established to cover most of the low land and coastal areas with the installation of automatic monitoring systems since 2001. The analysis of the groundwater monitoring data indicated that the water levels had decreased at coastal area, especially in northern part of the island. Moreover, very high electrical conductivity (EC) levels and their increasing trends were observed in the eastern part, which was ascribable to seawater intrusion by intensive pumping in recent years. Water level decline and EC rise in the coastal area are expected to continue despite the present strict control on additional groundwater development.

• Proceedings of the Korea Water Resources Association Conference
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• 2005.05b
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• pp.260-264
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• 2005

Effective use of water resources has become a social problem because the deficit of water comes from population growth and Industrial development. Therefore, the conjunctive operation of surface water and groundwater will become an alternative. Groundwater has many advantages for the evaporation and effect of rainfall compared with surface water. Although the available amount of groundwater is small, groundwater dam can be used complementarily because of the sustainable supply of water. A calculating technique of the optimal amount of water resources by the groundwater dam was developed. A pilot site was selected to assess the optial amount of groungwater for the designed groungwater dam. If the developed technique is more refined by the measured data, the groundwater dam will become a good alternative to develope the water resources in the water deficit area.

• Journal of the Korean Society of Groundwater Environment
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• v.7 no.1
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• pp.47-54
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• 2000

The Groundwater has taken a considerable portion of whole water resource and the usage of groundwater has been glowing sharply in recent years in our country. But there have been several problems which include a planless development, a groundwater contamination and so on, because the groundwater management system has built improperly. To solve this problem and control groundwater resources systematically, this study presents improvement measures.

• Journal of Soil and Groundwater Environment
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• v.17 no.4
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• pp.81-90
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• 2012

Groundwater is our invaluable asset because it takes action in the case of climates changes like drought or floods. But the Korean government has formulated water-resource policies mostly focused on surface water. As a result, the groundwater that will be more important resource in the future has been treated carelessly, caused neglect of maintenance and resulted many abandoned wells. This poor management of groundwater is because of lack of organization on our asset, manpower, unclearness of managing body, shoddy construction and lack of supervision. In order to solve this problem, we need a special agency of groundwater that contribute people's awareness by promotion importance of groundwater, dissemination of technical education and professionals. To do that, we have to establish a specific groundwater management plan based on regional characteristics of watersheds and specialized institution need to promote responsible development and usage in groundwater.

• Journal of Soil and Groundwater Environment
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• v.28 no.spc
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• pp.1-17
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• 2023

Sustainability is commonly recognized as one of the new paradigms or norms that will reign the new era after the modern age of revolutionary economic development. This global trend calls for the adoption of the sustainability concept to soil and groundwater management. In fact, there are several such ongoing movements in practicing soil and groundwater management. Through literature review, this paper discusses the concept, practices, and future research needs of sustainable soil and groundwater management. We first discuss the definition of sustainable soil and groundwater management and possible methodologies to gauge or improve the sustainability of soil and groundwater management. Then, we introduce the research topics, exemplary practices, and propose solutions to elaborate sustainability in three representative subfields including soil and groundwater remediation, groundwater management, and soil management. We conclude with suggestions on the future research directions for successful adoption of sustainability concept to soil and groundwater management in the Republic of Korea.

• Journal of Soil and Groundwater Environment
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• v.28 no.spc
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• pp.18-39
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• 2023

Rapid development of geophysical exploration and hydrogeologic monitoring techniques has yielded remarkable increase of datasets related to groundwater systems. Increased number of datasets contribute to understanding of general aquifer characteristics such as groundwater yield and flow, but understanding of complex heterogenous aquifers system is still a challenging task. Recently, applications of data science technique have become popular in the fields of geophysical explorations and monitoring, and such attempts are also extended in the groundwater field. This work reviewed current status and advancement in utilization of data science in groundwater field. The application of data science techniques facilitates effective and realistic analyses of aquifer system, and allows accurate prediction of aquifer system change in response to extreme climate events. Due to such benefits, data science techniques have become an effective tool to establish more sustainable groundwater management systems. It is expected that the techniques will further strengthen the theoretical framework in groundwater management to cope with upcoming challenges and limitations.

• Economic and Environmental Geology
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• v.46 no.6
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• pp.545-559
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• 2013

Until now, research achievements of groundwater such as groundwater to depth distribution, usage, the available amount of development, water quality have been written in the watershed units($25{\sim}250km^2$). However, complex topography and geology, and the rivers of our country does not fit. And a clear management standards have not been able to present measures in groundwater quantity, water quality management such as rainfall, groundwater, utilization, water quality, pollution, etc. Therefore, in this study, the classification criterion of subwatershed unit($2.5{\sim}25km^2$), which is suitable for topography and geology of Korea, for rainfall-rating, groundwater level-rating, groundwater pollution-rating, groundwater quality-rating presented and proved its efficiency by applying in Hampyeong-Gun area.