• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.8
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• pp.392-402
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• 2018

Citrus fruits can be classified as field citrus, greenhouse citrus, citrus produced by rain proof cultivation and late-harvested citrus such as Hallabong, Chunhaehyang, and Jinjihyang according to cultivation method or variety in Jeju province of Korea. The consumption of late-harvested citrus has been increasing steadily since 1990 because the sugar content of the fruits is ordinary higher than field citrus. The cultivation land of citrus produced by rain proof cultivation has been also enlarged continuously aided by Korean government support program and quality increasing effect of this cultivation method. However, the cultivation land of field citrus has been decreasing since 2010. In spite of such a decrease of cultivation land, recently the price of field citrus rather declined according to increasing of yield per 10a. For the estimation and forecast of the long-term supply-demand model in the field citrus, we constructed a partial balance model for the individual field citrus and estimated individual equation in each item's model by using the econometric method. As a result of the production storage scenario analysis, the cultivation area is expected to store 5%(14.49ha), 10%(14.97ha). 15%(15.50ha) of citrus production in 2027. This study reviews the structure of storage, and storability in Jeju field citrus and suggest several policy implications.

• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.1-29
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• 2009

As foreign investors' share holdings in Korean firms have dramatically increased since 1998 following the financial deregulation on the limit of foreign stock investment, the concern over the negative impacts the foreign investors would bring on the firms' financial policy has been growing too. Foreign investors were perceived to require the firms of excessive payments of cash dividends sometimes with threat of hostile takeover trials detering the firm from investing its cash flow in the physical facilities and RandD eroding their potential growth capabilities. We examine the impact of foreign investment on the firms' dividend policy using 234 listed firms' panel data over the sample periods of 1998 to 2005 employing various panel regression methodology. Foreign shareholders are found not to be related or even negatively related to the payout ratio(dividend/net income), but positively and statistically significantly related to the ratio of cash dividends to book of asset, negatively to the dividend yields. Considering the payout ratio is the most appropriate measure for the dividend payment, we can not support the arguments that the foreign investors' holdings have induced the excessive dividend level in Korean firms.

• The Journal of the Korea Contents Association
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• v.19 no.11
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• pp.337-352
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• 2019

This study aims to explore the characteristics of the working conditions in Korean game industry, focusing on the precarity of game workers. As a research methodology, qualitative and quantitative methods were combined. Specifically, in addition to in-depth interviews with game workers, we conducted a quantitative analysis on adequacy of reward and career prospects recognized by game workers through the Korean Working Conditions Survey(2014/2017). The major findings are as follows. First, game workers were experiencing labor precarity in a way of job insecurity, economic instability and excessive exploitation, as well as loss of autonomy and labor alienation. Second, between 2014 and 2017, the adequacy of reward recognized by game workers was positively improved for companies with 30 or more employees, but was worsen for those with less than 30 employees. In addition, in terms of career prospects, there were no significant changes in the workers of companies with 30 or more employees, but the were worsened for companies with less than 30 employees. These results show that labor precarity in the game industry appears to be different depending on various factors, such as business size, occupation, and career. It also implies that the polarized and inequal structure of the Korean game industry is gradually deepening.

• Journal of Technology Innovation
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• v.22 no.3
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• pp.101-133
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• 2014

Climate change and low-carbon consumer movement is demanding proper response around the world while rising oil price increases consumers' needs for green car. As a preliminary study to establish an industrial platform for green car and bring out corporate strategies, this article aims to propose an academic research framework by using various methodologies including conceptual/mathematical modeling, system dynamics, and ABM from different angles. First, an analysis framework for the industrial platform was introduced to analyze green car cases, required elements were proposed, and econometrics was applied to build a basic model related to green platform (two-sided market). Also, to analyze from a dynamic perspective, a system dynamics model was applied to green car environment to build a system dynamics analysis model that is applicable to particular green car industry analysis. Lastly, an agent based model was used to study the way to activate the hybrid car market in Korea from individual consumers' perspective. Based on the result, vehicle policies that are either being enforced or planned to be enforced in the Korean HEV market can be analyzed.

• Journal of Technology Innovation
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• v.22 no.2
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• pp.185-220
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• 2014

The purpose of this study is to get a whole picture of financial conditions of the new and renewable energy sector which have been growing rapidly and predict bankruptcy risk quantitatively. There have been many researches on the methodologies for company failure prediction, such as financial ratios as predictors of failure, analysis of corporate governance, risk factors and survival analysis, and others. The research method for this study is Altman Z-score which has been widely used in the world. Data Set was composed of 121 companies with financial statements from KIS-Value. Covering period for the analysis of the data set is from the year 2006 to 2011. As a result of this study, we found that 38 percent of the data set belongs to "Distress" Zone (on alert) while 38% (on watch), summed into 76%, whose level could be interpreted to doubt about the sustainability. The average of the SMEs in wind energy sector was worse than that of SMEs in solar energy sector. And the average of the SMEs in the "Distress" Zone (on alert) was worse than that of the companies of large group in the "Distress" Zone (on alert). In conclusion, Altman Z-score was well proved to be effective for New & Renewable Energy Industry in Korea as a result of this study. The importance of this study lies on the result to demonstrate empirically that the majority of solar and wind enterprises are facing the risk of bankruptcy. And it is also meaningful to have studied the relationship between SMEs and large companies in addition to advancing research on new start-up companies.

• Journal of Korean Society for Geospatial Information Science
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• v.12 no.4 s.31
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• pp.53-60
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• 2004

Congestion index is needed for quantifying congestion level for various areas. So far, the index has been calculated based on multiple vehicle data for specified time interval. Such being the case, it was costly to build it and the usage of it was focused on policy development and evaluation rather than on traffic information provision. This study focuses on a development on a single vehicle based congestion index which can be a representative value for link congestion level and link speed information at the same time for dual purposes of traditional usages and information provision. A new term has been added for representing real time based arterial congestion level and it has been verified on a real time basis. The index was based on single vehicle GPS data and seemed to be cost effective in deriving the index. With the help of the index, the traffic information contents can be diversified in a constructive way in providing real time traffic information for ITS area and in using congestion level determination for traditional transportation areas.

• Journal of Environmental Impact Assessment
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• v.27 no.3
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• pp.322-333
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• 2018

This study was carried out to measure atmospheric environmental improvement effect and estimate its social benefit of thermal power plants through Environmental Impact Assessment (EIA) for quantitative analysis about operational performances of EIA. In this study, 'EIA outcome' is defined as whether or not the system is implemented, therefore, environmental standard to be followed by each project and consultation contents were compared. In total 60 cases of thermal power plant construction projects that have been consulted over the past 10 years since 2010, major air pollutants have been significantly reduced after the implementation of EIA. The $PM_{10}$ reduced annual 3,745 tons, $NO_2$ by 74,569 tons, and $SO_2$ by 37,647 tons, which were estimated at approximately 240 billion won~5 trillion 967 billion won per year for social benefit. This means the total cost of power plant operations will be cut to 7 trillion 192 billion won~178 trillion 994 billion won over a 30-year period. The reduced amount of air pollutants emitted by energy generation facilities across the country is worth 50%, and its economic value is larger than the annual Current Health Expenditure in Korea. This is meant by the fact that all projects are subject to uniform criteria under the existing relevant regulation, but that each project plans are optimized according to the characteristics of target areas and projects through the process of EIA.

• 한국지형공간정보학회:학술대회논문집
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• 2004.10a
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• pp.5-10
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• 2004

The purpose of this research is to measure a gravitational attraction about urban pulbic service facilities and to evaluate the location of public service facilities. It is important in that these facilities should provide more inexpensive and convenience public service to users. To do this, the GIS's spatial analysis and gravity model were used to analyze the efficiency of the public facilities. The gravity model was conducted as the main analysis method, and another model for this analysis was the discrete model. The gravity model is originally to anticipate migration flows, traffic flows and other types of movements so that this model compares the gravitational attraction between places. The discrete model is to find the optimal location and to evaluate a location of facility regarding urban areas as the combination of node and link. In this research, these two models were adopted to compare and analyze location of Mapo-Gu Office. The results of this research indicated that the locational evaluation of urban public service facilities discovered the appropriateness of those facilities, and the public facilities was necessary to displace to other site.

• Journal of the Korean Geographical Society
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• v.29 no.2
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• pp.202-215
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• 1994

This research aims to introduce the theoretical basis of the studies of tourism resources, by review the research trends of tourism resources in the geography field. The geographical approaches to tourism resouces can be subdicided into 3 categories according to the subject. First, the classification of tourism resource types and the approach on the spatial distribution may be enumerated. This subject has been the object of the most interest and discussion to the geographers for tourism up to now. And from the viewpoint of contents, it has been developed by classifying the types of tourism resoures, which is based on the establishment of the range and standard of tourism resources and the spatial classification of types based on the distribution feature of the area. Second, the approach about cognition, preference and interpretation on the tourism resources as the background to induce tourism phenomenon and decide the tourism destination. Judging from the fact that most of this subject is starting from the behavioural study and that the right understanding and interpretation of tourism resource is the important factor to decide the preference degree of tourists, we have to have much interest about the field of tourism geoaraphy. Third, the development of tourism resources which is showing the active study recently and its influence and effect attendant upon it may be enumerated. Today, as the economic value of tourism is become important internationally, tourism resources are recognized as the important factor to induce the industrialization of tourism. And in the series of analytical studies related to it the interest has been transferred from the economic benefit analysis attendant upon tourism development including tourism resource and to the cultural, educational, environmental and psychological influence, etc. As the result of composite examination, for the geographical studies about tourism resources, the spatial scale and the contents are being subdivided and specialized. And in the side of subject and method of study, it is developing into the positive study based on the concrete data and the measuring and analytical frame.

• Journal of Korean Society of Forest Science
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• v.90 no.1
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• pp.1-9
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• 2001

The objectives of this study were to explain market structures of logs imported to Korea from U.S.A., New Zealand. Chile. The demand for imported logs is modeled as a function of output of wood manufacturing in Korea and log prices of competing suppliers. It is hypothesized that the quantity of log impaled in a period is determined by its own and competing prices and the output of wood corresponding manufacturing sector in the current period. Import demand functions of logs imported to Korea from U.S.A., New Zealand and Chile were estimated by SURE(Seemingly Unrelated Regression Equations). Elasticities of amounts of logs imported to Korea from U.S.A., New Zealand and Chile with respect to price of imported log from U.S.A. were -2.88, 1.36 and 3.17, respectively. Elasticities of amounts of logs imported to Korea from U.S.A., New Zealand and Chile with respect to price of imported log from New Zealand were 0.71, -1.65 and 1.44, respectively, Elasticities of amounts of logs imported to Korea from U.S.A., New Zealand and Chile with respect to price of imported log from Chile was -2.88. 1.36 and 3.17.