• Korean Journal of Organic Agriculture
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• v.15 no.1
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• pp.1-23
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• 2007

It is hypothesized that changing from conventional to organic production is an investment because specific capital items are necessary for such a step. It is further hypothesized that in view of the limited experience and the very restricted availability of extension materials such investment is particularly prone to risk. The conversion to organic farming has proven to be an economically interesting alternative for a large portion of the converted farms in the past. This contribution will consider the question of which factors influence the success of organic farming. A discussion of the most important consequences for politics and agricultural practice conclude this paper, drawn on the important factors identified in the study.

• Journal of Korean Society of Rural Planning
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• v.9 no.3 s.20
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• pp.17-23
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• 2003

This paper aimed at identifying rural amenities valuable in terms of marketed value and economic analysis of green tourism so as to develop policy instruments for new rural communities. We conducted the case study on Jik-Dong rural community in Taejeon city and estimated income effects of green tourism and internal rate of return of investment for rural amenity facilities. The research results are as followings; (1) green tourism participant will spend the worth of 50,392 won per person, (2) earnings from green tourism amounts to about 2,471 thousand won per household, (3) internal rate of return of green tourism investment is estimated as 7%. The strategies far green tourism is suggested as follows; (1) rural amenities should be well maintained for green tourism infrastructure (2) measures to internalize the value of rural amenities should be developed for market oriented peen tourism (3) effective program for inducing visitors with purchasing power should be designed.

• Journal of Agricultural Extension & Community Development
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• v.2 no.1
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• pp.1-21
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• 1995

This study examines the socioeconomic returns to agricultural research and extension services in Korea, using multivariate time series technique and Akino-Hyami formula. Results find that the socioeconomic returns are quite competitive in case of agricultural research with 44.82% internal rate of return and very high in case of extension services with 207.82% internal rate of return. Agricultural production responds to the agricultural research shock about four years after the shock. The magnitudes of the impacts increase until a peak is reached nine years after the initial expenditures and the impacts declines to a zero level after about twenty years. This lag lengths are consistent to the usual literature on research, which finds lags of seven to thirty years. Agricultural production responds to an agricultural extension shock immediately and declines to a zero level after about four years. Thus, the lag lengths are much shorter than those by research shock.

• Journal of Agricultural Extension & Community Development
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• v.25 no.4
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• pp.175-184
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• 2018

There are two main types of agricultural extension projects in Korea, the impacts and routes of each type on farm income are different. This paper empirically studies the impact of agricultural extension to farms' income, using Multi-level production function considering time lag. It is found that direct type of extension has positive effect to farms' income. Also indirect type on income is significant only when the level of education is high. Due to the characteristics of Korean agricultural structure, the technical level of farm is greatly influenced by the government's R&D investment and technology guidance. The result implies that indirect type of extension that take into account the educational level of farms should be emphasized for long-term technological advances.

• Journal of Agricultural Extension & Community Development
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• v.19 no.4
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• pp.799-831
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• 2012

This study was accomplished to support farmers who want to introduce Automatic Milking System. The methods of analysis is considered on it as investment analysis that NPV, ROV and FROV. As a classical investment analysis technique, NPV showed 142 thousand won on the every senarioes. On the other hands, The Real Option Analysis showed 153,826, 154,937 and 152,858 on the normal, optimistic and pessimistic senarioes respectively. it is considered as a investment analysis technique for strategic decision-making. But, it may have problem to evaluate present value of expected cash flows and expected costs by a single number. To solve those problems, this paper tried to evaluate Fuzzy Real Option Model which were jointed with a real option model and Fuzzy set model. The result of analysis showed, on respective senarioes, 153,515 to 161,489, 154,612 to 162,970, and 152,573 to 159,835 on the interval estimation. Thereby It is a more realistic in many cases.

• Journal of Korea Port Economic Association
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• v.22 no.1
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• pp.105-124
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• 2006

We, in this paper, suggest the Yeosu internationalization strategy for holding the 2012 World EXPO in Yeosu successfully, First of all, we analyze some problems that hinder the internationalization of Yeosu. Our analysis, also, provides several strategic solutions to those problems by foreign direct investment, international trade, hub port development, and international tourism. first strategy is to create a more favorable business environment for foreign investors. Foreign direct investment is the most effective way to internationalize the specific district. Second strategy is to expand the export of small and medium-sized firms in Yeosu. Especially, local firms with agricultural/fishery products have to develop various new products and introduce the effective international marketing strategy. Final strategy is to develop the hub port in Yeosu and the new tourist resources to attract foreign tourists.

• Proceedings of the Korean Society for Agricultural Machinery Conference
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• 1993.10a
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• pp.158-173
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• 1993

The formulated mechanization packages for grain maize production have performed to the expected limit generating encouraging information. Besides physical feasibility , management factors viz ; production operation sequence, operations scheduling and machinery matching with respect to environment can still limit system suitability. A new production operation sequence was introduced to overcome weed problems and limitations of available working days. Proper operations scheduling will improve the initial soil-crop environment for better seedling establishment, and reduce the (). been identified as key factors to reduce capital investment and cost of proudction .

• Korean Journal of Agricultural Science
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• v.21 no.2
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• pp.168-181
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• 1994

This paper reviews the development of Uruguay Round of GATT talks and forecasts its effect on regional agriculture particularly concerning Chungnarn provincial agriculture. Since agriculture is composed of main industry for Chungnam economy, as imports of cheap agricultural products increase, domestic price of farm products will rapidly decrease so that it might discourage domestic production and have severe adverse consequences in regional farm economy. To cope with agricultural trade liberalization, directions which regional agriculture should pursue are suggested as follows; 1) to establish the integrated rural development strategy so as to improve living conditions in rural area equivalent to urban area, 2) to adjust the agricultural institute system facing diversification of farming type, 3) to encourage commercialized farmers in order to maintain adequate farm income, 4) to increase R&D investment on comparatively advanced technology compared with other regions, 5) to foster farmers' organization and to rear young farmers to protect family farms.

• Journal of the Korean Society of International Agriculture
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• v.23 no.5
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• pp.475-484
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• 2011

International price of cereal has been dramatically increasing for the past few years. This price hike amplified the importance of food self-sufficiency in numerous countries due to the fact that food security is directly proportional to food self-sufficiency. In this study, we conducted a survey to provide useful information of Cambodia's agricultural environment to possible Korean agricultural investors and as to highlight Cambodia as a strong candidate for the establishment of Korea's foreign base for cereal production. The survey conducted includes information regarding Cambodia's agricultural environment and investment circumstances including the political, economical and other contributing factors affecting agricultural investment in Cambodia. Seventy percent of the Cambodia's total population engage in agriculture and this comprises about 30% of the country's GDP. This statistics reflects the possibility of Cambodia's poverty alleviation which proves that agriculture in Cambodia is the driving force for the improvement of the country's economy. In addition, low labor cost, fertile land, abundant water resources, like the Tonle sap lake and the Mekong river, and unreclaimed lands are the strong points that could attract agricultural investors to Cambodia. Poor infrastructure, irrigation systems, law reforms, including social and cultural differences may be the biggest setbacks for the acceleration of Cambodia's agriculture development. However, the Cambodian government is open and willing to make adjustments for Cambodia to be both foreign and domestic agricultural investor-friendly, expecting that it will boost its country's agricultural development. Making the best out of this opportunity, the coordination of KOICA with Korean agricultural investors in building infrastructures and with the help of the KOPIA program for the transfer of agricultural technology will benefit both countries and will play an important role in Cambodia's agriculture.

• Proceedings of the Korean Society of Agricultural Engineers Conference
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• 1998.10a
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• pp.47-58
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• 1998

This study is to try grading size and economic values in irrigation reservoirs for the purpose to maintenance management valuation technique. This use main irrigation reservoirs which are managed by Farmland Improvement Associations(FIA) to estimate grading of irrigation reservoirs for maintenance and management. In order to make efficient management on irrigation reservoirs, this study will be a basic data at a decision ranking of investment which are followed by conservation and maintenance management.