• Korea Trade Review
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• v.44 no.6
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• pp.87-103
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• 2019

L/C(Letter of Credit) is a common payment term designed to prevent credit risk in international trade. However, most companies prefer T/T (Telegraphic Transfer) payment due to its time and cost efficiency. According to related statistics, more than 70% of international trade contracts are based on T/T rather than other payment terms. The time required from the export negotiation to the completion of the export transaction and collection in international trade is very long. In this process, disputes related to settlement are continuous, so caution should be exercised. Therefore, whether or not the export payment is recovered in a timely manner is the core issue of trade transactions for exporters. The purpose of this study is to identify problems that cause delayed payments during settlement by the remittance (T/T) method, which can lead to settlement risk, in order to investigate those factors which can lead to delays in payments and increased risk as well as to determine ways to prevent such factors in advance. According to empirical findings, trading experience, transaction duration, and contract contents can be important determinants in terms of payment delays. Industry uniqueness and market uncertainty were found to be in opposition to the hypothesized relationships. The results of this study will be useful for trading companies to reduce their payment risk.

• International Journal of Railway
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• v.6 no.2
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• pp.45-52
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• 2013

Railway construction needs vast soil investigation for its infrastructure foundation designs along the planned railway path to identify the design parameters for stability and serviceability checks. The soil investigation data are usually classified and grouped to decide design input parameters per each construction section and budget estimates. Deterministic design method which most civil engineer and practitioner are familiar with has a clear limitation in construction/maintenance budget control, and occasionally produced overdesigned or unsafe design problems. Instead of using a batch type analysis with predetermined input parameters, data population collected from site soil investigation and design load condition can be statistically estimated for the mean and variance to present the feature of data distribution and optimized with a best fitting probability function. Probabilistic approach using entire feature of design input data enables to predict the worst, best and most probable cases based on identified ranges of soil and load data, which will help railway designer select construction method to save the time and cost. This paper introduces two Monte Carlo simulations actually applied on estimation of retaining wall external stability and long term settlement of organic soil in soil investigation area for a recent high speed railway project.

• Journal of the Korean Society for Railway
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• v.19 no.2
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• pp.195-203
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• 2016

Concrete slab track was applied to the Gyeoungbu High Speed Railroad step 2 and the Honam High Speed Railroad. Concrete slab track incurs higher construction cost and lower maintenance cost than existing gravel track. For these reasons, the use of concrete slab track has increased in Korea. The biggest problem in the use of concrete slab track is repairing damage from settlement that can occur while trains are in service. High speed railroad design standards require allowable residual settlement of concrete slab track of less than 25mm. In order to satisfy the requirement of long term stability of concrete slab track, it is necessary to manage the secondary compression settlement within the allowable residual settlement. This study is to evaluate the secondary compression settlement with the variation of the secondary compression index, thickness of soft ground, and concrete slab track life. Statistical analysis is performed to determine the probability of distribution of areas where serious problems will be caused after the concrete slab track is constructed.

• Journal of Korean Tunnelling and Underground Space Association
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• v.24 no.2
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• pp.171-182
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• 2022

InSAR (Interferometry SAR) technique is a technique that uses complex data to obtain phase difference information from two or more SAR image data, and enables high-resolution image extraction, surface change detection, elevation measurement, and glacial change observation. In many countries, research on the InSAR technique is being conducted in various fields of study such as volcanic activity detection, glacier observation in Antarctica, and ground subsidence analysis. In this study, a case of large ground settlement due to groundwater level drawdown during tunnelling was introduced, and ground settlement analyses using InSAR technique and numerical analysis method were compared. The maximum settlement and influence radius estimated by the InSAR technique and numerical method were found to be quite similar, which confirms the reliability of the InSAR technique. Through this case study, it was found that the InSAR technique reliable to use for estimating ground settlement and can be used as a key technology to identify the long-term ground settlement history in the absence of measurement data.

• Journal of the Korean GEO-environmental Society
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• v.15 no.11
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• pp.21-27
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• 2014

In this study, the prediction methods for the crest settlement after impounding and the maximum internal settlement during dam construction were proposed through the analysis on settlement data at 46 monitored points of 37 Center-Cored Rockfill Dams (CCRDs). Results from this analysis provided that the crest settlement increases with elapsed time, and from the relationship between the dam height and the maximum internal settlement during dam construction, it is confirmed that the internal settlement was largely evaluated when the coarse-grained material was used as the dam core. This internal settlement increased in proportion to the dam height. In addition, the crest settlement of the CCRD with the core compacted with fine-grained material was relatively large. It is expected that the results of this study would provide the practical tool for the design, construction and management of CCRDs.

• Magazine of the Korean Society of Agricultural Engineers
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• v.40 no.4
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• pp.94-102
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• 1998

This paper aims at developing the prediction technique of the deformation for the embankment such as sea dike and shore protection relevant to reclamation project along the southern coast of the Korean Peninsula. Generally total deformation of a sea dike over clayey foundation are composed of immediate settlement, plastic deformation and consolidation settlement. Plastic deformation occurs when the ultimate bearing capacity is less than overburden pressure containing the stress increment due to the construction of an embankment. The reliable prediction of total settlement is very important since deformed final geometry of sea dike is directly connected for analysing the safety of the long-term slope failure and piping. During this study, plastic deformation, major part of deformation was analysed using the program developed by authors, whereas immediate settlement and consolidation settlement were predicted by Mochinaka and Sena's method and Terzaghi's 1-dimensional theory of consolidation respectively. In order to validate the prediction technique for the deformation, a case study of Koheung Bay reclamation works was carried out. A good agreement was obtained between observation and prediction, which means the applicability of the technique.

• Proceedings of the KSR Conference
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• 2009.05a
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• pp.1542-1549
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• 2009

The function of subgrade in the railway is to support track load on the subgrade as well as train load. Unlike the traditional railway, the uppermost subgrade layer in the Gyeongbu high speed railway was constructed as the reinforced road bed. The reinforced road bed comprises sub-ballast in the upper part and grade ballast in the lower part. The filling material such as soil and rocks in the subgrade can be settled by consolidation of original ground, compression due to self weight, plastic displacement due to train operation, and unequal settlement due to embankment material or improper compaction, therefore many efforts have been given for sufficient compaction and use of proper filling materials in the construction stage. The purpose of this study is to investigate the deformation state of subgrade in the Gyeongbu high speed railway. The investigation on the subgrade settlement was performed by choosing representative sections suspected to be settled based on the previous GPR test results and track maintenance history, measuring the settlement for some time period after installing settlement measuring instruments on and under the reinforced road bed. and analyzing the long-term subgrade settlement data from monitoring system which was installed at the construction stage of the high speed railway.

• Journal of the Korean Geotechnical Society
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• v.24 no.11
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• pp.25-34
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• 2008

An application of concrete track is being actively processed for the construction of Korean high speed railway. The concrete track has an advantage in decreasing the maintenance cost, whereas it has much difficulty controlling the long term settlement after settlement occurred. Therefore, the management and control of settlement are very important for the successful construction of concrete track. The purpose of this paper is to verify the allowable settlement between concrete track and ballast track, and piled raft foundation installation effects as settlement reducers for concrete track. Therefore, a series of 3D finite element analyses that take into account the allowable settlement were performed for major parameters such as soil condition, pile installation and loading type. Based on the analysis, it is shown that concrete track causes much smaller settlement than ballast track, and the effect of installation is necessary to effectively reduce the settlement of concrete track.

• Environmental and Resource Economics Review
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• v.24 no.3
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• pp.573-605
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• 2015

This study proposed scenarios of tax reform regarding taxation on bituminous coal for power generation since July 2015 and July 2014, estimated its impact on SMP, settlement price, tax revenue from year 2015 to year 2029. These scenarios are compared with those of the standard scenario. To estimate them, the power system simulation was performed based on the government plan, such as demand supply program and the customized model to fit Korea's power system and operation. Imposing a tax on bituminous coal for power generation while maintaining tax neutrality reducing tax rate on LNG, the short-term SMP is lowered than the one of the standard scenario. Because the cost of nuclear power generation is still smaller than costs of other power generation, and the nuclear power generation rarely determines SMPs, the taxation impact on SMP is almost nonexistent. Thus it is difficult to slow down the electrification of energy consumption due to taxation of power plant bituminous coal in the short term, if SMP and settlement price is closely related. However, in the mid or long term, if the capacity of coal power plant is to be big enough, the taxation of power plant bituminous coal will increase SMP. Therefore, if the tax reform is made to impose on power plant bituminous coal in the short term, and if the tax rate on LNG is to be revised after implementing big enough new power plants using bituminous coal, the energy demand would be reduced by increasing electric charges through energy tax reform. Both imposing a tax on power plant bituminous coal and reducing tax rate on LNG increase settlement price, higher than the one of the standard scenario. In the mid or long term, the utilization of LNG complex power plants would be lower due to an expansion of generating plants, and thus, the tax rate on LNG would not affect on settlement price. Unlike to the impact on SMP, the taxation on nuclear power plants has increased settlement price due to the impact of settlement adjustment factor. The net impact of energy taxation will depend upon the level of offset between settlement price decrease by the expansion of energy supply and settlement price increase by imposing a tax on energy. Among taxable items, the tax on nuclear power plants will increase the most of additional tax revenue. Considering tax revenues in accordance with energy tax scenarios, the higher the tax rate on bituminous coal and nuclear power, the bigger the tax revenues.

• Geomechanics and Engineering
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• v.31 no.5
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• pp.489-503
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• 2022

A 1257-m-long irregular deep foundation pit located in the central of Nanjing, China was constructed using the combined full-width and half-width top-down method. Based on the long-term field monitoring data, this study analyzed the evolution characteristics of the vertical movement of the columns, internal force of the struts, and axial force of the structural beam and slab. The relevance of the three mentioned above and their relationship with the excavation process, structural system, and geological conditions were also investigated. The results showed that the column uplift was within the range of 0.08% to 0.22% of the excavation depth, and the embedded depth ratio of the diaphragm wall and the bottom heave affected significantly on the column uplift. The differential settlement between the column and diaphragm wall remained unchanged after the base slab was cast. The final settlement of the diaphragm wall was twice the column uplift. The internal force of the struts did not varied monotonically but was related to numerous factors such as the excavation depth, number of struts, and environmental conditions. Additionally, the dynamic force and deformation of the columns, beams, and slabs were analyzed to investigate the inherent relationship and variation patterns of the responses of different parts of the structure.