• Journal of Digital Convergence
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• v.10 no.6
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• pp.181-187
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• 2012

This study inquires into what effect the tax burden of investors, for typical taxes related to real estate investment; acquisition tax, comprehensive real estate holding tax, and transfer income tax, might have on the real estate investment behaviors; the purpose of long-term investment. These real estate investment behaviors have been analyzed to see how much they affect investment performance such as realized compound yield. This study model, which considers the fact that the choice of investment behavior for the degree of tax burden of investors may lead to different results in real estate investment, is expected to be an effective decision-making tool for investment.

• Journal of the Korean Association of Geographic Information Studies
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• v.9 no.2
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• pp.1-10
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• 2006

The objective of this study was to develop a GIS application model for analyzing site-specific suitability and investment efficiency of major plantation tree species. The model was designed to choose the best plantation species in terms of both potential stand growth and investment efficiency. Site index and IRR were used as the criteria for the potential of stand growth and investment efficiency, respectively. In the model, the conditions of forest stand management and site index are estimated as the function of site-environmental factors extracted by a series of spatial analyses of digital maps of FGIS. Based on site index values of tree species, the model screens out all the high potential tree species, in terms of stand growth, as the candidates for species selection and, then, calculates IRR for managing plantation forest stands for all the candidate tree species. The tree species of the highest IRR would be chosen as the one possessing the highest potential in terms of stand growth and profit. The model was applied to a case study for analyzing the site-specific suitability of 6 tree species in Taehwa University Forest of Seoul National University and the results are given in this paper.

• Journal of Korea Port Economic Association
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• v.27 no.2
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• pp.297-311
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• 2011

This paper deals with a strategic investment decision model for improving investment profit in shipping industry. Despite the quantitative expansion of Korean shipping business, many shipping firms have suffered financial difficulties due to financial and operating risks that result from the characteristics of capital-intensive business as well as of volatility of shipping markets. As a result, managers in charge of making an investment decision, particularly in tramper business sector, are required to take both financial and operating risk factors into consideration. Put it differently, managers are strongly recommended to avoid these risks by ship asset play; buy-low and sell-high, which results in considerable capital gain and cost reduction. In addition, managers in shipping industry are also recommended to consider the ship chartering investment alternative when the freight markets show extreme volatility as the case of 2008 triggered by sub-prime mortgage financial crisis in USA. For example, the BDI suffered plunging down from 1000 in 2008 to 100 in 2010. Consequently, the 4th largest shipping company in Korea, DAEHAN Shipping Co., has collapsed primarily due to excessive tonnage expansion during the peak time of bulk market. In sum, the strategic investment decision model, suggested in this paper, is designed to include such factors as capital gain by asset play, timely chartering for alternative shipping service, and optimization of operating profit by tonnage adjustment in accordance with change in the shipping markets concerned.

• Proceedings of the Safety Management and Science Conference
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• 2013.11a
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• pp.99-104
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• 2013

비용편익분석은 어떤 사업으로 인하여 자연배분의 변화가 생길 때 그에 따른 경제적 편익을 측정하게 되며 사업을 시행하여 생기는 편익과 비용을 비교하여 경제성을 평가하고 대안 중에서 우선순위를 결정할 때 유용하다. 따라서, 본 논문은 자본에 관한 투자기준을 마련하기 위해서 분석용 모델인 "비용편익분석"을 활용 하여 제조기업의 어떤 사업계획에 의하여 생겨나는 자본요소가 어떻게 투자되어야 생산비용을 최소화 할 수 있는지를 자본투자에서 가장 핵심적인 생산설비투자와 기술개발투자에 대한 비용편익분석을 통하여 그 방법론을 제시함으로써, 자본투자에 있어서 "비용효과분석"의 활용성을 확인하고자 한다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.15 no.1
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• pp.31-44
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• 2020

Accelerators that invest in early startups, as well as nursery and overall management, have recently emerged as "key players" in the startup ecosystem. This can be proved by the case where the number of domestic accelerators registered in the Korean Ministry of SMEs and Startups has recently reached 208. Accelerators provide the necessary education for early-stage companies, including guidance for a certain period of time, and support startups in ways such as demo days to attract subsequent investment after the seed investment. There is not much research in academia about what factors impact on these accelerators when making investment decisions at the time of seed investment. In this study, we checked the meaning and function of the accelerator and tried to analyze what factors affect on accelerators when making a decision to invest in startups. The research method is based on a literature survey of previous studies on investment decision-making factors of venture capital and angel investors, and a lens model and judgment analysis method through empirical research targeting 43 accelerator investment decision-makers. Empirical analysis shows that accelerators have three of the key factors to consider when choosing the first startup to invest and educate; entrepreneurs' entrepreneurial traits, their product and service expertise and a potential return on success. This will provide an opportunity for early startups to gain strategic access to accelerators when they need money or need a structured educational program. Also, the results obtained through this research will be a kind of guideline for startups to attract accelerators' investment. The significance of this study is that discriminatory evidence was presented on the accelerator determinants of investment, and it would be highly suggestive to startups and related public institutions.

• Korean Journal of Construction Engineering and Management
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• v.11 no.6
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• pp.54-64
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• 2010

A firm decides to go to the project based on its investment analysis. However, the cash flows generated from the real project can not be always coincident with what expected as it follows uncertain behavior and the asymmetric payoff caused by the managerial flexibilities involved in the real asset affects the project value. Amongst various managerial flexibilities entailed in most of the real assets, although investment delay has been known to enhance the project value thanks to its ability to provide new market information to management, the related research to select the time to invest have been just few. Therefore, this research aims to show the theoretical framework to decide when to invest reflecting the behaviors of increasing project value and loss recovery cost due to investment delay with option pricing, related financial economic, and variational theories.

• Environmental and Resource Economics Review
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• v.12 no.4
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• pp.579-609
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• 2003

The role of foreign direct investment (FDI) as a channel of knowledge transfer and on the technological spillovers of know-how to other sectors in the economy is in the middle of this debate. Thus, foreign direct investment may have significant positive effects in reducing residual loadings and environmental pollution. There is an abiding concern expressed by many commentators that countries will lower their environmental standards to attract foreign investment, thereby creating so-called "pollution havens." Others argue that increasing foreign investment could promote "pollution halos" by introducing and transferring more efficient and less polluting technologies. The primary objective of this study is to show the dynamic relationship among pollution loadings, pollution abatement effort, and economic development with explicit consideration of FDI-related effects. This study found when foreign direct investment is evaluated in the model, the environmental pollution level is reduced and expenditure on pollution abatement is increased.

• Journal of Digital Convergence
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• v.11 no.1
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• pp.99-106
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• 2013

Personal information protection has become one of the most impending business issues because leakage of personal information can cause tremendous financial losses and image degradation. Consequently, personal information protection initiatives have been recognized widely in business. To invigorate personal information protection investments, performance measurement method such as cost benefits analysis or qualitative analyses are needed, which have not been studied enough in the previous studies. This study proposes a performance measurement model which can include quantitative and qualitative analyses in the context of personal information protection investments. A comparative analysis has been performed on security investment and IT investment performance measurements, which leads to choose the WiBe method (developed by the German Interior Ministry), considering the privacy characteristics and the method's applicability. In particular, the quantitative effect measured how proactive threat assessment based on the way according to the nature of the businesses and organizations of privacy and possible investment decisions. This study proposes the 16 performance indicators, which turn out to be meaningful in terms of their materiality and feasibility by conducting focus group interviews of 25 experts on personal information protection.

• Korean Journal of Construction Engineering and Management
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• v.5 no.3 s.19
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• pp.55-62
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• 2004

The purpose of this study is to suggest a systematic procedural model for selecting competent project promoter. The proposed model was made by comparing domestic regulations and procedures with foreign nations', and through interviews with experts and literatures survey. The summaries of this paper are as follows. The current promoter selection procedure was evaluated by reviewing relevant papers, regulations and existing model. Some obstructions which hinder PPI project activation were identified, those are inadequacy of promoter qualification and negotiation process, lack of communication between parties, etc. Some alternatives which remove major obstructions are embodied in the model. The suggested model is comprised of PQ(prequalification), two phased evaluation for the technical proposals which include alternate, communication meeting, etc. To manage the overall procedure well, an involvement of professional "project promoter selection team" would be highly recommended. They will participate in each evaluation stage with full activities, and provide government with some technical materials for selecting promoter as coordinator.

• Proceedings of the Korea Information Processing Society Conference
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• 2012.11a
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• pp.857-860
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• 2012

본 논문은 금융투자업계에 대한 보안관제 정책을 기준으로 업계가 공동이용 가능한 통합보안관제시스템이 구축 가능하도록 금융투자회사들이 구축 운용하고 있는 보안인프라를 비롯한 전산망의 보안관제를 위한 적용 기술과 운용체계 등을 조사하고, 이를 토대로 외부로부터 공격에 대비한 모니터링, 침입탐지 및 실시간 방어 등의 기능이 적절하게 수행되고 업계 차원의 종합적이고 체계적인 관리가 가능한 통합보안관제시스템 모델과 운영방안을 제시하고자 한다.