• Land and Housing Review
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• v.14 no.3
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• pp.55-75
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• 2023

Based on prior studies on real estate policy, tax policy, and financial policy, this study examined how tax policy and financial policy affected real estate prices using monthly data from January 2014 to December 2021. We performed a VAR model using unit root tests, cointegration tests, as well as conducted impulse response analysis and variance decomposition analysis. The results are as follows. First, the tax regulation index and the financial regulation index had no discernible impact on housing prices. Specifically, a one-sided stabilizing regulatory policy was ineffective and, instead, led to unintended side effects, such as price increases resulting from reduced transaction volume. Secondly, mortgage rates had a negative impact on the housing sale price index. In other words, an increase in interest rates might led to a decrease in housing prices. Thirdly, an increase in the transfer difference, which involves capital gains tax, has a positive effect on housing prices. This led to rising housing prices because the transfer taxes were shifted to buyers, causing them to hesitate to make purchases due to the increased tax burden. Fourthly, both acquisition taxes and mortgage loans had relatively little impact on housing prices.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.29 no.5
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• pp.1077-1088
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• 2019

As the cyber threats of nuclear power plants become more necessary to systematically prepare against the cyber attack, the international community and the domestic government are urged to apply proper security controls for Critical Digital Assets (CDA) through cyber security regulatory guidelines. In this study, we suggests the application of security controls to develop the regulatory requirements of the graded approach through the analysis of domestic and foreign cyber security regulation guidelines and best practices for digital assets directly related to nuclear accidents. In order to apply the regulatory requirements based on the consequence(impact of infringement) of the regulated facility, which is a basic consideration of the graded approach, we will classify two methods and describe details of each method. By reanalyzing existing security controls, it is introduced that the method of demanding digital assets directly related to accident to enhance security controls required for existing CDA or develop additional security controls and requiring minimum security controls for CDA that are not directly related to accident.

• Journal of Environmental Policy
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• v.8 no.3
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• pp.53-79
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• 2009

This study conducted a regulatory impact analysis regarding the introduction of the Korean version of REACH(Registration, Evaluation and Authorization of Chemicals). The direct cost of the Korean REACH is estimated at a total of 101 billion Korean won over the 11 year period. The cost includes pre-registration, testing, registration, Chemical Safety Assessment(CSA) and Chemical Safety Report(CSR), evaluation, and the authorization costs of 15,223 chemical substances produced and imported more than 1 ton per year in Korea in 2006. With regard to the benefit, the only public health benefit is included in the estimation. Based on the available foreign and domestic data, this study estimated that the economic values of public health benefits are in the range of 33.2~138.6 billion Korean won if only the savings of the National Health Expenditures are considered and it reaches 203.9~1,640.3 billion Korean won if the willingness to pay(WTP) for disease prevention is included. This study proved that the Korean REACH passed the cost/benefit criteria. The benefit-cost ratio of the Korean REACH, however, is estimated to be lower than its EU counterpart. Thus it is suggested that a rigorous study to reduce the costs to industry be required before the Korean government introduces the Korean REACH.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.721-730
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• 2020

This study investigates the impact of the country's governance on the revenue efficiency of 108 Islamic banks from 26 countries offering Islamic banking and finance products services. The technical efficiencies of individual Islamic banks have been analyzed using the Data Envelopment Analysis method. The data will be pooled across the selected countries and utilize the intermediation approach. The Ordinary Least Square estimation method is employed to examine the impact of country supervision and regulation on the technical efficiency of Islamic banks. As robustness check, the study examines the impact of the level of bank regulations and supervision on the efficiency of Islamic banks operating in different income-level countries. The results found that the stricter the supervisory power, the less strict capital requirement, the tighter the restrictions on non-banking activities, and the stricter the private monitoring enhance statistically significantly the level of efficiency of Islamic banks. In upgrading the regulations and supervision of the Islamic banks, the existing regulatory framework based on the Basel Committee on Banking Supervision (BCBS) must be complemented with the prescriptions on Islamic banking or Shariah compliance diligently, so that the Islamic banks could be regulated accurately and further improve the technical efficiency of their operations.

• Transactions of the Korean Society of Pressure Vessels and Piping
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• v.12 no.2
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• pp.58-65
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• 2016

Since, in case of high energy piping, steam jets ejected from the rupture zone may cause damage to nearby structure, it is necessary to design it into consideration of nuclear power plant design. For the existing nuclear power plants, the ANSI / ANS 58.2 technical standard for high-energy pipe rupture was used. However, the US Nuclear Regulatory Commission (USNRC) and academia recently have pointed out the non-conservativeness of existing high energy pipe fracture evaluation methods. Therefore, it is necessary to develop a highly reliable evaluation methodology to evaluate the behavior of steam jet ejected during high energy pipe rupture and the effect of steam jet on peripheral devices and structures. In this study, we develop a method for analyzing the impact load of a jet by high energy pipe rupture, and plan to carry out an experiment to verify the evaluation methodology. In this paper, the basic data required for the design of the jet impact load experiment equipment under construction, 1) the load change according to the jet distance, 2) the load change according to the jet collision angle, 3) the load variation according to structure diameter, and 4) the load variation depending on the jet impact position, are numerically obtained using the developed steam jet analysis technique.

• Korean Journal of Clinical Pharmacy
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• v.29 no.4
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• pp.267-277
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• 2019

Backgrounds: With the globalization of drug development, multi-regional clinical trials (MRCTs) have emerged to facilitate rapid availability of medicines to patients worldwide. The present study aimed to has explored attitudes and perceptions towards adopting the Korean MRCT guideline. Methods: An online survey, consisting of 16 questions, classified into two subjects, was administered to stakeholders in Korea. Most quantitative components were measured using the Likert scales. A content analysis of the qualitative components was carried out to identify the keywords in open-ended responses. Results: A total of 94 survey responses were analyzed: 51 participants from pharmaceutical companies, 11 from clinical research organizations, and 21 from clinical trial centers. The content of the guideline was rated as appropriate for clarity, acceptability, and applicability (96.8, 96.8, and 93.6%, respectively). The local environmental impact of the systemic/political, academic/technical, and industrial/economical aspects of the guideline was rated as appropriate at 95.7, 97.9, and 91.5%, respectively. The suggested adoption period was 1~2 years (40, 42.6%). The concept and individuals' domestic circumstances were the key problems affecting the clarity, applicability, and local environmental impact of the guideline. Conclusion: The Korean MRCT guideline was well-developed. Their overall impact on the local environmental impact of MRCTs in Korea was expected to be beneficial, but methods are needed to minimize the negative impacts. The findings of this study can inform the priorities for the future adoption of the guideline in Korea.

• Journal of Digital Convergence
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• v.11 no.11
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• pp.767-774
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• 2013

The electricity demand and supply could be off balance if several electric vehicles(EVs) were charged at the same time or at peak load times. Therefore, smart grids are necessary to flatten the EVs' electricity demand and to enable EVs to be used as distributed storage devices as electricity demand from EV-charging increases. There are still few quantitative studies on the impact of smart grids on managing EVs' electrical loads. In this study, we analyzed the quantitative impact of smart grids on managing EVs' electrical loads and suggested policy implications. As a result, it is identified that smart grids can manage effectively EVs' impact on electrical grids. The electricity market structure and regulatory framework should support the demonstration and commercialization of smart grid technologies.

• Korean Management Science Review
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• v.27 no.2
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• pp.21-29
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• 2010

We consider an economic approach for spectrum operations in mobile networks. We present the investment function of base stations according to the number of FAs assuming the linearity of cell splitting. We show that there is an economic amount of spectrum which corresponds to the optimal number of FAs that minimizes the investment. We analyze the impact of the cost structure and the traffic distribution in base stations on the economic amount of spectrum. This paper is applicable to an economic spectrum operation for mobile operators. In addition, the national regulatory authority can use the economic amount of spectrum as the minimal amount for spectrum allocation.

• Proceedings of the Korean Radioactive Waste Society Conference
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• 2005.06a
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• pp.49-55
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• 2005

Unconditional clearance levels were derived for fifteen short-lived radionuclides. Due to the uncertainty of long-term radiological impact analysis, alpha emitting nuclides and nuclides with half-lives longer than 30 years (except for C-14) were excluded from the scope of this study. The candidate waste streams are solid wastes and waste oil generated from nuclear power reactors. The clearance levels were derived by generic assessment for enveloping scenarios, along with specific assessment for each detailed scenario such as landfill, incineration and recycling. The derived values lie in the range from 0.01 to 100 Bq/g.

• Advances in environmental research
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• v.12 no.1
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• pp.41-49
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• 2023

In developing countries, solid waste is typically disposed of inappropriately, which has a negative impact on the environment and healthcare. One of the most serious environmental issues is the management of municipal solid waste because of the huge increase in waste generation brought on by industrialization, economic development, urbanization, and the exponential growth of Gurugram City's population. Municipal Corporation Gurugram (MCG) handles solid waste collection, transportation, and disposal. The city generates over 1100 tons of solid waste per day. In consideration of this, the current study employed the strengths, weaknesses, opportunities, and threats framework called SWOT analysis to critically examine the city's current methods for the management of municipal solid waste to provide more effective policy solutions. For conducting the analysis, the questionnaires and other interviews were conducted to gather information from households and officials in the city, and the observation made during field visits were recorded. The analysis shows that the waste management issue is getting worse for a variety of causes, including a lack of regulatory enforcement, insufficient technical and financial resources, insufficient people's participation, inadequate execution of policies, a lack of political priorities, and poor coordination between authorities.