• Journal of the Korean Data and Information Science Society
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• v.25 no.1
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• pp.131-153
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• 2014

The Korean market of pension plans has recently increased and pension plans will be expected to play an important role in the retirement system as complement of the national pension system in the future. However, there are a few of research papers on actuarial projections of pension plans. This paper will discuss a long-term financial projection on defined pension plans using data based on the national pension workplace participants. Previous researches focused on company-based financial projection of pension plan. But, this paper concerns on total Korean pension participants and suggests a method to calculate future financial projection of total pension plans. Finally, this research will suggest several numerical results of normal costs, benefits, numbers of workers, etc.

• Journal of the Korean Data and Information Science Society
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• v.27 no.1
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• pp.19-32
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• 2016

Due to the increasing fiscal burden and structural unbalanced premium/benefit costs, the new reform on the government employees pension system (GEPS) was considered even after the recent reform in 2009. This article examines the various effects of recent amendment in 2015 on GEPS using a simple probabilistic model. We consider effects on both sides, the pensioners and the government. First of all, the expected net value of pension payment for an individual employee was calculated based on the supposed survival distribution. The fairness of individual pension holders was compared using the benefit-cost ratio. Secondly, from pension system users' point of view, the default probability and the government subsidy were examined by Monte-carlo simulation. From the simulation experiment, we could see that the 2015 reform plan indeed reduces the default probability and the size of the fiscal burden of government by increasing the premium and decreasing the benefit. However, the size of the effect is not very standout at this moment because the number of new employees who are fully subject to the reform will be much smaller than the number of previous employees for a while. Thus, the effect of the reform is expected to appear in a slow manner.

• Korean Journal of Social Welfare
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• v.35
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• pp.179-203
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• 1998

Since the end of 1997, the Korean economy has been in deep recession; the unemployment rate has rocketed to 6.7% and the economic growth rate has dropped to -3.8% in the first quarter of 1998. Facing with this mass unemployment, the Korean Government launched comprehensive countermeasures against mass unemployment.. However, these have been in severe criticism from the outset on account of ineffectiveness and impracticability. It is in this regard that this paper purports to design a socially acceptable and financially feasible social safety net by reforming the Livelihood Aid Programme. For this purpose, chapter 3 defines the concept of social safety net, and chapter 4 reviews the social safety net programmes sponsored by World Bank and IMF in the Third World countries and Eastern European countries. Chapter 5 proposes the Three Step Approach in designing the social safety net in Korea.

• The Korean Journal of Financial Studies
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• v.7 no.1
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• pp.49-69
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• 2001

본 연구에서는 IMF 구제금융도입과 관련된 일련의 사건들이 우리나라 금융기관 주가에 미친 영향을 분석하여 금융기관에 대한 시장전망의 추이를 알아보았다. IMF 구제금융도입은 궁극적으로 안정된 금융시스템을 추구한다는 (+)의 효과와 금융기관구조조정에 따른 규제와 이에 드는 비용으로 인한 (-)의 효과가 혼재되어 있다. IMF 구제금융도입과 이에 따른 제도정비에 금융기관 주가가 보인 반응을 살펴보기 위하여 IMF 긴급구제금융요청, 구제금융지원협상 타결, 금융개혁관련법안 국회통과, 외채협상타결, 기업구조조정 관련법안 국회통과 등 5개를 사건일1, 2, 3, 4, 5로 하여 사건연구방법에 의하여 분석하였는데 그 결과는 다음과 같다. 첫째, 사건일 1, 2, 3, 4에서는 누적평균초과수익률이 유의한 (-)의 반응을 보여 금융기관의 기업가치에 관한 부정적 반응이 나타났다. 그러나 사건일5(기업구조조정 관련법안 국회통과)를 계기로 누적평균초과수익률이 유의적이지는 않지만 (+)의 반응으로 반전되고 있어 금융기관에 대한 시장전망이 나아짐을 보여주었다. 둘째, 누적평균초과수익률이 일반은행과 다른 업종(증권, 종금, 보험)간에는 유의한 차이가 있었으나 다른 업종(증권, 종금, 보험)간에는 유의한 차이가 없었으며 금융기관의 누적초과수익률이 자기자본비율과 유의한 (+)의 선형관계로 나타나지 않아 IMF 충격으로 시장효율성이 저하된 것으로 나타났다. 그러나 이 또한 사건일5(기업구조조정 관련법안 국회통과)를 계기로 강력한 구조조정과정을 겪고 있는 종합금융회사를 제외하고는 누적초과수익률이 자기자본비율과 유의적이지는 않지만 (+)의 반응이 보여 시간이 경과함에 따라 IMF 충격으로 야기된 비효율적인 시장반응이 개선되고 있음이 밝혀졌다.

• The Korean Journal of Emergency Medical Services
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• v.9 no.2
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• pp.101-110
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• 2005

In Korea, EMS Fund Operation seems to move the opposite direction to right way. The most initial EMS fund was consumed loan for some emergency patients without any particular results. Since 2002, the use of EMS fund also has shown a tendency to shift one side. By the results, it was 44.3% to support emergency medical centers, so called hospital EMS system and 28.4% to purchase ambulances and helicopters, and 1.6% to operate Central Medical Center, prehospital base in the EMS fund consumed in 2004. It was never supported for the environmental improvement and development of universities, colleges, and private EMS units having the primary responsibilities. The initial EMS fund using should be used for prehospital base, e.g., prehospital staffs, communications, and facilities and balanced development between public and private EMS units than any other fund using.

• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.2993-3002
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• 2018

This case study introduces the process of developing the technology rating evaluation model for investment. The technology evaluation rating model for investment is a project that the Financial Services Commission and the Ministry of Commerce, Industry and Energy collaborated to expand the scope of technology finance from loan to investment. The technology evaluation model for investment was developed with the aim of predicting high growth companies. The model consists of a statistical model and an expert model. Here, statistical models were modeled by using logistic regression analysis. Expert models gathered opinions of experts and identified the weight of each evaluation item and set the model. The rating system of the model is composed of 10 grades. The distribution of the model was consistent with KTRS grade distribution. Interestingly, the emphasis is on technology and marketability. In the technology valuation grade model for the goddess, there is a considerable difference from the emphasis on managerial competence or business performance.

• Journal of the Korean Institute of Landscape Architecture
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• v.32 no.6 s.107
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• pp.1-13
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• 2005

본 연구는 서울시 도시녹지를 1평을 늘리는 것에 대한 시민들의 지불의사금액(WTP)을 이단계 이선 가상가치법으로 계산함으로써 도시녹지의 경제적 가치를 평가하고, WTP에 영향을 미치는 변수들의 종류와 영향력 정도를 밝히기 위해 수행되었다. 지불도구는 기금이었으며, 'fat-tail problem'없이 WTP를 계산하기 위해 생존분석을 사용하였다. 분석 결과, 서울시민들은 생활녹지 1평을 늘리는데 약 23,400원을 기부할 용의가 있었다. WTP에 영향을 주는 변수는 자연환경태도(NEP), 구조적 제한요소, 소득 및 환경보전을 위해 편리함을 양보할 의사이었다. 본 연구의 결과는 도시녹지의 개발 또는 보존과 관련된 정부의 의사결정이나 도시녹지 관련 예산 확충을 요구할 수 있는 기본 자료로 활용할 수 있을 것이다.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2011.11a
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• pp.166-169
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• 2011

항만간 허브항 경쟁이 극심해 지고 있는 오늘날, 컨테이너 선사는 M&A 및 전략적 제휴로 컨테이너터미널 운영사와의 가격 협상력의 우월적 지위를 갖게 되어 컨테이너터미널 운영사간 선사 및 화물유치를 경쟁을 더욱 부추기고 있다. 그러나 수요측면에서 컨테이너물동량 증가율 둔화로 컨테이너터미널에서 처리해야 할 물동량은 한정되어 있는 반면, 공급 측면에서 항만터미널의 지속적인 건설은 항만간 또는 터미널간 물량 유치경쟁을 과열시키고 있다. 특히 부산항은 신항 개장이후 북항과 신항간 물동량 유치경쟁으로 인하여 항만하역시장의 교란을 가져오고 있다. 본 연구에서는 부산항 컨테이너 항만하역시장의 구조적 특성분석과 설문조사 방법론을 통하여 향후 부산항 항만하역시장의 안정화 방안을 제시하고자 한다. 시장구조 분석결과 부산항은 한정된 처리물량과 신항의 개장으로 인한 공급과잉, 그리고 정부의 지역항만개발정책에 따른 컨테이너화물의 분산처리로 지속적인 부산항의 비중 감소로 선석당 처리물량이 감소하고 있다. 이에 따라 선사의 우월적 지위를 이용한 하역료 인하요구로 터미널운영사간에 서비스경쟁이 아닌 비협력적인 가격경쟁으로 재정수지가 악화되고 있고, 또한 '10년 외국적선사의 처리물량이 60%를 차지하고 있어 국부유출이 심각한 실정이다. 따라서 하역시장 안정화 방안으로 항만시설 수요 및 공급의 불균형을 조정하기 위하여 항만풀링공동기금관리를 통한 재정수지를 확보할 수 있는 항만풀링제도를 제안하며, 이 제도의 운영을 위하여 한시적으로 컨테이너터미널 운영사별 처리물량 상한제를 도입하는 것이 바람직하다고 판단된다.

• Korean Journal of Social Welfare
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• v.37
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• pp.89-118
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• 1999

The goal of this paper is to define the distinguishing characteristics of Korea's National Pension Scheme compared to the National Pension types of other countries and sees if those characteristics are significant enough in order to warrant calling these the "Korean Model". Also, another point to consider is, if this "Korean Model" does indeed exist, whether it is a 'sustainable' model or not. The National Pension Scheme, which was implemented in 1988, is similar to the public pension system formerly used in Japan. The National Pension Scheme broke away from this 'Japanese Model' in 1995 with implementation of the Farmers and Fishermen Pension, and the unique "Korean Model National Pension" was completed in 1998 with revision of the National Pension Law. The characteristics of the Korean National Pension can be defined as being balanced equally on ability and equality, possessing strong intergenerational income redistribution, having a nationally integrated structure, an incomplete funded method financial neutralism of the government and also as being a Monroe-oriented pension system. There are several limits to the sustainable development of this Korean Model National Pension, though. Even though the precondition of "the income determination problem of self-employed persons", which has strong intra-generational income redistribution. in actuality there are still many policy issues to be confronted such as the structure which 'transfers the burden to the future generation', the 'inter-generational inequity' of the incomplete funded system, persons excluded from coverage under the national integrated structure, 'compulsory loaning of the public sector by the National Pension Fund' under the government's principle of finance neutralism, the separate existence of the 'Monroe-oriented National Pension' from other pensions, etc.,. Therefore, it need to reform of NPS once again to sustainable development of KMNP.

• Journal of Environmental Policy
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• v.14 no.2
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• pp.49-72
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• 2015

Forests in the upstream contributed to improve the quality of water resources for the residents downstream. However, upon structural examination of how the Han River Watershed Management Fund was spent, it became apparent that the fund was not spent toward forest management in the upstream. An additional budget must be allocated if the Watershed Management Committee is to contribute to the management of the upstream forests with such awareness. Therefore, the aim of the study was to assess the willingness to pay and to calculate of budget for forest management in the upstream for water quality improvement. Three hundred surveys on watershed beneficiaries were conducted using biased sampling method. The result was analyzed with conditional logit model and mixed logit model. Forest management, a target variable, was found to have statistical significance. Based on this result, the size of the expected budget was estimated to be minimum 20,526 million won to maximum 20,928 million won.