• Journal of the Korean Geographical Society
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• v.48 no.2
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• pp.272-287
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• 2013

This paper describes the importance of selecting explanatory variables(e.g. land price determinants) in hedonic pricing models employed in predicting real estate price, and explores dynamics of the land price determinants over time. The City of Junju was chosen as the study area, and repeated measured price data of standard lots over 17 years were analyzed. We applied a three-level modeling approach to this data in consideration of its nested data structure and longitudinal characteristics. Main land price determinants we focused on are primarily based on items included in the standard comparison table of land price, which is an official hedonic pricing model used by Government to estimate land price for tax levy. Our result shows that the land price fluctuation over 17 years was not uniform over the whole study area with each neighborhood revealing different price trend, and as such warrants longitudinal model components. In addition, some of determinants previously recognized as important were proved insignificant. It was also found that significant determinants at a particular time point lost its power gradually over time and vice versa. It is expected that more accurate prediction of price would be possible when taken account for this dynamics of price determinants over time in applying hedonic pricing model method.

• Journal of the Korean association of regional geographers
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• v.16 no.1
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• pp.59-75
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• 2010

This study analyzed on the recognition characteristics of high school students in Seoul about the factors influencing the land value. The results are as follows; First, when the factors influencing the land value was divided into 'the factors related with the publicly assessed land value' and 'the unrelated factors.' Students recognized that the former had more influence on the land value than the latter. Second, students recognized that 'the relative factors of land' had more influence on the land value than 'the absolute factors of land'. Third, as a result of checking how much five evaluation criterions influence on the recognition characteristics about the factors influencing the land value, the distance to major facilities had the most influence on the recognition, while the situation of land use had the weakest one. Among 13 factors, the distance from the convenience facilities was most influential and the shape of the land was least influential. Fourth, there was a gap between recognition of choosing the highest land value areas and the lowest land value areas and recognition of degree that the factor influencing the land value had an effect on the land value. Lastly, when the result of recognition about factors influencing the land value and the land value ranking was compared with the result of the co-relation between the land value and factors influencing the land value of the real region, either similar or different results were shown.

• Journal of the Korean association of regional geographers
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• v.17 no.4
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• pp.443-458
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• 2011

The purpose of this study is to research space recognition change of the high school students according to geographic information quantities, focused on Factors Influencing the Land Value. The region of case study was some places of Songtan Special Tourism Zone, which responding students were unfamiliar with. The results are as follows. First, through the results of analysing 'the highest valued standard land and choice reasons' in two ㄴregions of the old town and the new town, it is perceived that the relative factor of land is more important than the absolute factor as the factors influencing the land value of the highest valued standard land. Second, there are students' recognition differences in the choice reasons of the highest valued standard land of two regions which have different characteristics. Third, though in the same region, recognitions about factors influencing the land value change according to geographic information quantities, and as students' knowledge about geographic information increases, the choice rate of the highest valued standard land increases. Lastly, it is perceived that there is a facility which has a decisive effect on formating the land value of a certain region.

• Journal of Cadastre & Land InformatiX
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• v.47 no.1
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• pp.143-160
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• 2017

Since officially assessed land price system was introduced, it has functioned as the criterion for establishing and implementing real estate policies. However, there is a controversial issue about the adequacy of the officially assessed land price system. The problem is that it is difficult to establish a statistical model due to too many land characteristics. Also, local economy, macroeconomic environments and development plans are not reflected in the land price evaluation model. Considering longitudinal and cross-sectional variables, a two-way error component panel model was used in this study. This analysis model includes variables reflecting land characteristics, macroeconomic volatility, and development project. The Paju LCD Industrial Complex was selected as a analysis area and an empirical analysis was performed. According to the analysis, the number of significant land characteristic variables were 14(31%) under 5% significance level. Macroeconomic volatility has had an influence on the land price and year variable reflecting development project has consistently been significant since the industrial complex was designated. Therefore, this study suggests that the land price evaluation model should be improved by simplifying land characteristic variables and including macroeconomic and regional economic variables.

• Journal of the Korean association of regional geographers
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• v.2 no.2
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• pp.159-171
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• 1996

The aim of this study is which factors affect the commercial land values and how they act upon them through distribution of commercial land values by multiple regression analysis in Gwangju city. The major findings of this study are as follows: (1) The changes of commercial land values distribution in $1989{\sim}1996$, We see that the commercial area of higher land values extends following the main arterial road. This is related to urbanization in urban fringe while the decline of commercial land values occurs in city center with long history of commercial region. This is due to unsuitableness in rapid changes of commercial environment because of fragmented lots, old buildings. traffic congestion etc. (2) The regions where commercial land values greatly rose are the west in constructed the new planning city center of Sangmu-dong. and the south west in which is related to the extension of high density apartment and the location of big discount stores. (3) Through the changes in commercial land values distribution map. and road map, topographical map, we know that commercial land values is related to various factors; namely, distance from CBD, convenient traffic, reputation of commercial district, condition of a road, size of supplementary, a degree of commercial land use etc. (4) From the above related factor, six variables are extracted by operational definition. That is the spatial distance from the city center, the walking distance to a stopping place, the road width, the amount of bus traffic, the amount of pedestrian, the number of the shop. (5) Data of seven variables are collected on the highest values point of each Dong. We applicate multiple regression analysis with commercial land values as a dependent variable, extracted six variables as independent variables. (6) As a result of multiple regression on the determinants of commercial land values, the variables which is greatly related to commercial land values are the amount of pedestrain, the spatial distance from city center. We identify that two variables explain variance of the commercial land values by 65%. (7) In order to make clear about not explained 35%. we carry out analysis of residual. In consequence, we see small estimate in downtown area and large estimate in urban fringe. This feature is due to simple core structure of Gwangju city and limits of this regression model.

• Journal of Distribution Research
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• v.6 no.1
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• pp.77-101
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• 2001

Recently, the role of Internet becomes wide so that it could provide the information among users as well as the opportunity to make commercial transactions in the cyberspace. Now, the virtual storefronts are the virtual space where anyone makes a profit on Internet by selling and buying goods/services. Therefore, it is important to develop the good image for cyberconsumers so that virtual storefronts can attract many browser to buy goods. The study reported examines how combination of specific elements in the internet environment influence cyberconsumers' inferences about the virtual storefront and discusses the extent to which these inferences mediate the virtual storefront loyalty. Results show that the virtual storefront elements were posited to be antecedents of virtual storefront image rather than components of virtual storefront image. In addition, the virtual storefront image mediators the satisfaction and loyalty of cyberconsumer on virtual storefront.

• The Korean Journal of Financial Studies
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• v.10 no.1
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• pp.73-105
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• 2004

1997년 말 우리나라의 경제위기는 외화보유고의 부족에서 비롯된 것이나 근본적으로는 1996년부터 시작된 한보, 삼미, 기아그룹 등 우리나라 재벌기업의 연쇄도산으로 대변되는 기업의 실패에서 기인하였다. 지난 30년 간 빠른 성장을 지속해 온 우리나라 기업이 90년대 후반부에 총체적 부실의 위기에 직면하게 된 것은 기업외적인 요인보다도 과다차입과 과잉투자, 전근대적인 지배구조 등의 기업 내부적 요인에서 주로 기인한 것으로 지적되고 있다. 그러나 일반적으로 기업실패의 원인으로 지적되는 과다차입과 과잉투자는 문제에 대한 정밀한 진단 없이 국민정서에 부응하여 인구에 회자되는 면이 없지 않았다. 따라서 본 연구에서는 지난 40여년간 높은 부채비율을 유지하면서도 고도성장을 지속해 온 우리나라 기업이 왜 90년대 말에 와서 그것으로 인하여 도산하게 되었는지에 대한 심층적인 분석을 도모하고자 하였다. 분석 결과 우리나라 기업의 연쇄도산은 80년대 말 이래 급격하게 변화된 영업환경으로 인하여 기업의 영업위험이 커진 것이 직접적인 원인으로 작용하였으며 높은 부채비율은 총위험을 줄이지 못했다는 점에서 기업도산의 간접적인 배경을 형성한 것으로 나타났다. 또한 우리나라 기업이 지난 30여년간 투자수익이 자본비용에 못미치는 것으로 드러나 과잉투자를 해 온 것은 사실이나 과잉투자의 배경은 일반 물가상승률을 크게 상회하는 높은 지가상승에 있었으며 또한 80년대까지 정부의 성장에 대한 인센티브와도 직결되어 있었다.

• Journal of the Korean association of regional geographers
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• v.21 no.2
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• pp.304-318
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• 2015

As the number of foreigners who stay for a long time increases, their residential concentrations have emerged and developed. This research aims at investigating how and why immigrants' residential concentration sustains and develops. In order to understand the roles of the residential concentration for the immigrants' everyday, we used the framework of grunddaseins funktionen including residence, labor, shopping, education, leisure, commuting, and community activity. Accompanied is a case study of Daelim-dong which is the largest Chinese concentrations. The result shows that combined with co-ethnic preference in residence, various amenities at the concentrations attract new immigrants and hold existing immigrants, allowing the concentrations sustain and develop. It has been pointed out that there are the difference factors that foreign immigrants concentrate residentially: 'co-ethnic residential preference' for immigrants from more developed countries and 'discrimination' for immigrants from less developed countries. However this study shows that the residential concentrations for less-developed-country-immigrants could maintain and develop with grunddaseins funktionen based on co-ethnicity.

• The Journal of the Korea Contents Association
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• v.16 no.11
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• pp.188-198
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• 2016

In order to supply the residential land for the promotion of public welfare, it must take a land of city suburb. That land have the difference in thinking is large for the determination of land prices to a variety of development pressure and land use regulations. In the process of executing a public project, the difference of these ideas has become a cause of conflict. Therefore, through objective study for the determination of land prices, to reduce the difference of ideas is going to be a clue of conflict resolution. This study selected the case area that is typical public district of many conflict, and then fix a compensation unit price like fair price as dependent variable. The selected variables through previous studies and expert consultation was an independent variable. To analyze the impact factors of land prices in the hedonic price model. The results were analyzed by distinguishing the group on the basis of the zoning and using, whether or not the site of the building in part that there is influence variable, the aspects of accessibility and regulation in part degree of influence variable came out different results for each group. It is analyzed that it reasonable results. Add selected site assimilation of the building that have not been presented in previous studies as a variable and which was applied at a rate to a variable of road have improved in more expliction of the influence of variables.

• Korean Business Review
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• v.17
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• pp.83-110
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• 2004

In modern society, there exists a growing tendency that the product image, rather than the substance of the product, is given more and more emphasis. In other words, consumers tend to purchase a product whose brand image coincides with their self image. Today, it is one of the essential factors for marketing strategy of a modern enterprise to have brand image perceived by consumer self-image. The image, by affecting the perception of consumers, explains the reason why some consumers choose one brand out of many brands that are available to them. Furthermore, brand-image perceived by consumers becomes more important factor in improving the company's market share. For this research, we investigated the theoretical background based on previous studies and collected statistical data through a market survey. The results of the actual research indicate that the attributes of the images differ notably depending upon demographic attributes; that the brand image judged by a customer is positively correlated to the customer's self image; and that the regression analysis of the purchase intention in accordance with coincidence of independent variables proved to be insignificant. But the correlation analysis of the variables shows that the sensuous image of a perceived brand image product notable differences in the purchase intention. Most of Consumers tend to prefer certain brand of causal wears in accordance with their cognized brand-image and self-image: social self-image and actual self-image. Corporate must not spare any effort to establish differential advantage. through better image or changing image. Also marketers have to identify the strengths and weakness of their brand in relation to the competition in setting up their brand management strategy. In conclusion, the outcomes of the study suggest that the consumers purchase the images of the brands, rather than the products themselves. Accordingly, in the clothes markets with similar quality levels, the emphasis should be put on differentiation of the brand images in order to further increase sales and maximize profits.