• Korean Journal of Construction Engineering and Management
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• v.20 no.1
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• pp.86-95
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• 2019

As the urban development economy is stagnating due to the reduction of the budget for Social Overhead Capital (SOC) and the stabilization policy of the real estate market, there is a steady increase in the interest of domestic construction companies to enter the overseas market. However, domestic construction companies are showing a decline in overseas urban development market as compared with advanced foreign companies having excellent financial management and overseas project management ability. Therefore, it is necessary for domestic companies to select an urban development model that meets the environment and the level of the country of entry, and to establish an advance strategy to manage the risks of overseas business. For this purpose, the factors of entry into the overseas urban development market through the existing research, literature analysis, and FGI were derived, and survey strategy and IPA analysis were conducted to develop strategies for entering the overseas urban development market. As a result, we have established a strategy for private companies to enter the overseas urban development market.

• Journal of Korean Tunnelling and Underground Space Association
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• v.24 no.1
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• pp.15-38
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• 2022

Recently, tunnel technology in Korea has shown various achievements such as long tunnel and large section by tunnel construction using TBM in Korea and abroad. Especially subsea tunnels are frequently designed and constructed. The Ga-deok subsea tunnel was completed in December 2010, and the Incheon North Port Tunnel was opened and operated in 2017, and the Bo-ryeong subsea tunnel between Dae-cheon Port and Won-san Island will be completed in 2021. In foreign countries, many subsea tunnels have been constructed and operated in such as Norway and Japan. The main technical problem in the construction of subsea tunnel is to secure stability due to high water pressure conditions and large-scale seawater inflow in fault zones and weak zones. In this paper, various risk factors and solutions are described in the subsea tunnel planning of national road 77 construction work between Abhae and Hwawon.

• Journal of the Korean Geosynthetics Society
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• v.22 no.4
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• pp.63-71
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• 2023

The extreme cold regions, including the South and North Poles, are rich in resources, but there are many constraints on resource development projects due to difficult access and a construction environment that is completely different from that of Korea. In recent years, global warming has increased the demand for the construction of resource exploitation plants. For resource development construction activities, a preliminary site analysis is required to minimize the risk of project implementation. In this study, the factors were analyzed to be considered in construction activities in extreme cold and optimal location selection system based on Geographic information system(GIS) has been developed. As a result of applying the development system to Alberta, Canada, where oil sand development is actively underway, it was confirmed that the results were consistent with the currently operating oil sand mining area.

• Korean Journal of Construction Engineering and Management
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• v.15 no.2
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• pp.112-121
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• 2014

After IMF bailout crisis in Korea, project financing has been employed as a major funding vehicle for the housing development. In 2008, the recession of housing market due to the global financial crisis had an significant impact on the increasing insolvent site of PF based housing development project, resulting in serious impact to whole economy as a chain effect. In order to resolve this vicious circle of bankruptcy, the major construction companies were urged to take over the insolvent sites and invest to them for normal project exit, and finally play a critical role in normalization of market. Therefore, this study aims to define the core factors for decision making to invest to insolvent site and find out differences among constructors, developers, financial lenders. The results from AHP analysis, the profitability was the most important factor to constructors. Moreover, even though the location merit is little less, through competitive price, we can assure that stable profitability is most important factor to decide to invest in insolvent site. In conclusion, the price is cheap, is highly feasible, if the land secured, major construction company will participate in a PF business investment. These findings were verified by the investment case of major construction company.

• Korean Journal of Construction Engineering and Management
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• v.22 no.6
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• pp.44-54
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• 2021

As the CM at Risk market grows recently, designers and CM companies that have been performing agency CM services have been showing their interests to participate in the CM at Risk projects. With the assumption that agency CM companies with a lot of experiences and know-how in the field of construction project management have created the circumstances to enter the CM at Risk market, this study investigates the competencies necessary for the agency CM companies to carry out the CM at Risk projects. The compentencies to run the CM at Risk projects were identified based on the literature review. A survey was conducted to identify the competencies that need to be supplemented first. The survey results revealed that competency related to partner companies, finance and guarantee, risk and claim, and project cost were identified to have a higher level of complementation compared to other competencies. In addition, considering that the level of competency that need to be secured is high, as the level of holding of all competency is on average 76% of the required level, in the beginning, small-scale CM at Risk projects with relatively low risk are mainly carry out, strengthening competency and then increasing the scale is considered more appropriate strategy.

• Korean Journal of Construction Engineering and Management
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• v.13 no.4
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• pp.60-68
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• 2012

The past IMF foreign exchange crisis and subprime financial crisis had a big influence on variability of macroeconomics, even if the origin of its occurrence might be different. This not only had a significant infrequence on the overall industries, but also produced many insolvent companies by being closely linked with a management environment of an individual construction company leading the construction industry. Actually, the level of default risk of construction companies before and after fluctuation of macroeconomics gets to experience a rapid changing process, and a difference in reaction against shock exists according to each company. Accordingly, the purpose of this paper is to confirm the fluctuation process of the default risk of construction companies under the fluctuation of macroeconomics such as the IMF financial crisis and the subprime mortgage crisis. As an analysis result, it is judged that the subprime financial crisis gave bigger shock to construction companies than the foreign exchange crisis, and it is expected that this would have a relation with the construction market before shock of macroeconomics. In addition, it was analyzed that when comparing insolvent companies with normal companies, the recovery speed of normal companies is faster. It is judged that this was affected by a difference of internal business capacity between insolvent companies and normal companies.

• Journal of Korean Tunnelling and Underground Space Association
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• v.9 no.1
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• pp.63-74
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• 2007

Unexpected ground conditions have always been a major problem for the construction of tunnel. Therefore, it is necessary to evaluate the risk capacity before and/or during construction of new tunnel. This paper presents the simplified risk assessment system using modified stability number (N), namely Underground Risk Index (URI) system, to evaluate the tunnel risk possibility in the design stage. URI is a scoring system for risk possibility by rating the each appraisal elements. The modified stability number (N) which is one of risk factor in the Interaction Matrix parameters such as RQD, UCS, weathering, overburden, stability number, ground water-table, RMR, permeability and so on, is used in the system. In addition, the case study is performed in order to verify the applicability of URI-system in practice.

• Proceedings of the Korea Water Resources Association Conference
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• 2015.05a
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• pp.17-17
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• 2015

세계적으로 최근 국지적 호우에 의한 홍수 및 토사재해가 빈번히 발생하여 인적피해 및 자산피해가 급증하고 있다. 일반적으로 강우에 의해 홍수가 발생되며 하안 및 하천 구조물에 피해를 주는 동시에 월파 및 제방이 붕괴되어 하천에서 제내지로 범람하여 범람피해가 발생된다. 하지만 도시지역에서 발생되는 강우는 불투수 면적비율이 비교적 커 다른 지역보다 최대 침수심이 발생되는 시간이 매우 빠르게 도달하는 환경적 특징이 있다. 또한 선상지 지역에 발달된 도시는 어느 동일한 강우사상에 의해 발생되는 내 외수 범람재해 및 토사재해가 동시에 발생되어 피해가 중첩될 가능성이 매우 크며 피해 리스크 또한 증가하고 있는 추세이다. 따라서 이상기후에 의해 발생되는 재해경감을 위해 기존의 대책 및 새롭게 구축되는 해저드 맵에 대해서 이와 같은 여러 재해 발생 가능성을 충분히 고려된 멀티 해저드 맵 구축이 필요하다. 본 연구에서는 일본 오노시의 지역방재계획을 위한 통합적인 해저드 맵 구축을 위해 내 외수 범람에 의한 피해 및 토석류 발생에 의한 영향평가를 실시하여 두 재해가 동시에 발생 가능한 지역을 대상으로 멀티 해저드 맵 구축 및 피난계획 수립을 목적으로 최근 발생되는 국지적 호우에 대한 예측을 위해 아직 검토대상 지역에 발생하진 않았지만 발생 가능한 강우사상을 추출하기 위해 DAD 분석을 실시하여 가능최대강우량을 산정하여 외력조건으로 사용하였다. 뿐만 아니라 토석류 모델의 현장 적용성 평가를 위해 2011년에 발생된 우면산 토석류 재해를 대상으로 비교 검토를 실시하였으며 본 논문의 주요한 결과를 아래와 같이 나타내었다.

• Korean Journal of Construction Engineering and Management
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• v.15 no.3
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• pp.103-112
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• 2014

Since recent construction projects become larger and complicated, the level of difficulty of management skill is rising, and the risk is increasing accordingly so the necessity of improving management skill of projects is increasing. In order to solve this problem, Construction Management system was preferentially introduced in construction projects but in case of domestic construction industry, separate contracts by business boundary are being made so the actual state is that the function of the Construction Management system is not properly operated over the overall projects. The partial operation of Construction Management system like this may impose many restrictions on converged and combined projects such as smart grid and intelligent buildings etc. in the future. For improvement of management skill of domestic construction projects, the competence of project management skill by work areas that can overcome heterogeneity of the current project management skill shall be secured, and any factor that impedes cooperation ability shall be found and that shall be solved. Therefore, the difference of work competency of project management system of construction and electrical construction is to be analyzed by utilizing IPA model in this study, and a plan to introduce the project management system of electrical construction for efficient operation of projects is to be looked into.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.274-277
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• 2006

The EAC(Estimate at Completion) among existing methods, which estimate cost and time effectively, help managers anticipate changeable several results at the point of $15{\sim}30%$ in the project progress. However, this method may cause such some problems as not to consider the periodically changing circumstances caused by construction risks or uncertainties which can affect the cost and time in the project, and to regard collected and accumulated data only as a single value when predicting the results on the progress. Accordingly, it is very difficult to accept the even small range of variability based on the anticipation of EAC. Consequently, the study focuses on the possibility methodology to anticipate time and cost accurately on the way to utilize EVMS(Earned Value Management System), and also suggest the way to perform the right estimation of EAC as considering various risks and uncertainties in construction projects.