• Title/Summary/Keyword: Complex contract

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A Study on the Elapsed Time to Resale of Pre-Completion Apartment Ownership (아파트 분양권의 전매기간에 관한 연구)

  • Song, Seon Ju;Shin, Jong Chil
    • Korea Real Estate Review
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    • v.27 no.3
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    • pp.103-118
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    • 2017
  • Under the ownership pre-sale system in the South Korean apartment market, developers can sell apartment ownerships as soon as they start to construct an apartment complex. In the South Korean apartment market, people call this kind of ownership "Bun-yang right." There is a time difference between ownership sale and apartment completion under the ownership pre-sale system. The pre-completion apartment ownerships can be resold to third parties until the apartment complexes are completed, which is called "Geon-mae" of the Bun-yang right. Using survival analysis, this research analyzed the elapsed time between ownership purchase and resale to a third party using 48,316 apartment units nationwide in the 192 complexes supplied from 2000 to 2016. Specifically, this study analyzed the influence of the real estate policy, contract term, location, apartment complex, and unit characteristics on the elapsed time between ownership purchase and resale to a third party. The empirical analysis revealed that the real estate policy and contract term characteristics have a significant effect on the elapsed time between ownership purchase and resale to a third party. Also, this study confirmed that the product characteristics, such as the location and apartment complex and unit characteristics, have an influence on the elapsed time between ownership purchase and resale to a third party.

Natural Language Query Framework on the Semantic Web

  • Kim, Jin-Sung
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2007.04a
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    • pp.189-192
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    • 2007
  • This study proposes a Natural Language Query Framework (NLQF) on the semantic web to support the intelligent deduction at semantic level. A large number of former researches are focused on the knowledge representation on the semantic web. However, to revitalize the intelligent agent (IA)-based automated e-business contract with human customers, there is a need for semantic level approach to the web information. To enable accessing web information at semantic level, this paper discusses the pattern of complex natural language processing at first, and then the semantic web-based natural language inference in e-business environment. The NL-based approach could help the IAs on the web to communicate with customers and other IAs with more natural interface than traditional HTML-based web information. Therefore, our proposed NLQF will be used in semantic web-based intelligent e-business contracts between customers and IAs.

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An Effective Project risk Management Based on Systems Engineering (시스템엔지니어링에 기반한 효과적인 리스크 관리)

  • Kang, Top;Kim, Sung-Cheol;Oh, Jung-Taek
    • Journal of the Korean Society of Systems Engineering
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    • v.7 no.1
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    • pp.43-51
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    • 2011
  • SE generally defines approaching ways of conducting identification, verification and integration of an optimized product and process solution to meet customer's needs by leveraging organizational competency in engineering and management. To successfully develop a new product under mass production contract, it is important to efficiently carry out the program by ensuring that three major competencies are secured; core technology, system integration, and program management. For successful implementation of tasks in the three areas, systematic execution is called for, which requires identifying risk factors in advance. In particular, comprehensive risk management role and responsibility is required for program management. Success of a development program is determined by complex elements of human resources, organization culture, and overall competency of an organization in technology and program management, including capability of the program manager. In this paper, a risk management solution is suggested to lead a program to success with a more efficient way through actual risk management by the concept of SE around the above three areas.

A Study on Physical Therapy of Incontinence Patients (요실금환자의 물리치료에 관한 연구)

  • Chae Jung-Byung
    • The Journal of Korean Physical Therapy
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    • v.12 no.2
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    • pp.267-273
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    • 2000
  • The 30 percent or more women who have urinary incontinence have some problem in contraction of perineal muscles. In fact. to increase the strength of perineal muscles, voluntary muscle contraction is more effective than electrical contraction. Electrical stimulation or bio feedback therapy is safe and effective therapy for Patients who have complex urinary incontinence. because these therapies can solve the problems of the voluntary perineal muscle contraction these therapies can help women to know to contract the perineal muscles effectively. The combined therapy ie. Electrical stimulation and bio feedback therapy with pelvic muscle training program or bladder drill can be considered as good treatment method. Pelvic floor muscle exercise is importance to make patient itself participate by making to be interested about exercise and by tacking motivations at therapy to themselves.

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Applicability of Overriding Mandatory Rules in International Arbitration (국제중재에서 국제적 강행법규의 적용가능성)

  • Chung, Hong-Sik
    • Journal of Arbitration Studies
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    • v.23 no.4
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    • pp.3-27
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    • 2013
  • Overriding Mandatory rules are laws that purport to apply irrespective of the law chosen by the parties to govern their contractual relations. This article examines their role and applicability in international arbitration. The overriding mandatory rules pose a complex and continuing problem for arbitrators because they put the interests of states and parties in direct competition. When a law says that arbitrators must apply it, yet the parties' contract excludes it, what should the arbitrators do? Where should their allegiance lie? The answer depends on the underlying nature of arbitration - and since that can be legitimately conceptualized in different ways, a principled approach to overriding mandatory rules seems to be impossible to provide. Nevertheless, a practical solution is required, because there were European cases in which courts voided valid arbitration agreements made, reasoning that arbitrators certainly would not apply and/or take into account its overriding mandatory rules of indemnity right granted to commercial agent and distributor in Europe. Therefore, this paper first examines status of overriding mandatory rules of another law in international litigation and then explores any possibility of application of overriding mandatory rules of another law in international commercial arbitration. With this analysis, the author reaches into a conclusion that the arbitrator should and/or take into account overriding mandatory rules of another law, yet should limit to them of the country where characteristic performance is made under the contract.

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A Survey of Decentralized Finance(DeFi) based on Blockchain

  • Kim, Junsang;Kim, Seyong
    • Journal of the Korea Society of Computer and Information
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    • v.26 no.3
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    • pp.59-67
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    • 2021
  • Blockchain technology began in 2008 when an unidentified person named Satoshi Nakamoto proposed a cryptocurrency called Bitcoin. Satoshi Nakamoto had distrust of the existing financial system and wanted to implement a financial system that is robust against hacking or mannipulation without a middleman such as a bank through blockchain technology. Satoshi proposed a blockchain as a technology to prevent the creation of the bitcoin and forging of transactions, and through this, the functions of issuance, transaction, and verification of currency were implemented. Since then, Ethereum, a cryptocurrency that can implement the smart contract on the blockchain, has been developed, allowing financial products that require complex contracts such as deposits, loans, insurance, and derivatives to be brought into the area of cryptocurrency. In addition, it is expanding the possibility of substituting products provided by financial institutions through combination with real assets. These applications are defined as Decentralized Finance (DeFi). This paper was prepared to understand the overall technical understanding of DeFi and to introduce the services currently in operation. First, the technologies and ecosystems that implement the overall DeFi are explained, and then the representative DeFi services are categorized by feature and described.

System Dynamics Modeling of Korean Lease Contract Chonsei (시스템 다이내믹스 방법론을 활용한 국내전세 구조분석)

  • Park, MoonSeo;Moon, Myung-Gi;Lee, Hyun-Soo;Hwang, Sungjoo;Lee, Jeoung-Hoon
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.6
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    • pp.153-164
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    • 2012
  • Since the sub-prime mortgage crisis from the US in 2008, Korean housing market has plummeted. However, Korean local lease contract, Chonsei, price has been increasing. This increase of Chonsei price can be a threat to the low-income people because most of them prefer to live at the house with a Chonsei contract. In order to solve this problem, the Korean Government implemented several Chonsei policies to secure low-incomers' residence by decreasing the price of Chonsei; however, due to the lack of understanding on housing and Chonsei market, Korean government policy seemed to fail on getting effective results. In the housing and Chonsei market, there are many stakeholders with their own interest, hence, simple thoughts about housing and Chonsei market, such as more house supply will decrease house price, would not work in a real complex housing market. In this research, we suggests system dynamics conceptual model which consists of causal-loop-diagrams for the Chonsei market as well as the housing market. In addition, we tries to explain why the policy did not work effectively using the examples from the government's past measures. In results, Chonsei price has its own homeostasis characteristic and different price movement with housing price in the short and long term period. Unless government does not have a structural causation mind in implementing policies in the real estate market, the government may not attain intended effectiveness on both markets.

Ultrastructural Observations of a Human Cutaneous Leishmaniasis (인체 피부에 기생한 Leishmania tropica의 전자현미경적 관찰)

  • Seo, Young-Hoon;Hur, Kyu-Chung;Deung, Young-Kun;Kim, Chung-Sook;Lee, Yoo-Bock
    • Applied Microscopy
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    • v.10 no.1_2
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    • pp.27-32
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    • 1980
  • A case of cutaneous leishmaniasis developed in a 48 year old Korean male who returned from middle east was studied by light and electron microscopic observations. Light microscopically, the lesion consisted of heavy chronic ill-defined granulomatous inflammation involving entire thickness of the dermis, composed of mainly histiocytic and small mononuclear cell infiltrations without evidence of necrosis or giant cell formation. Giemsa staining revealed numerous intracellular micro-organisms within histiocytes, showing dark stained central dot surrounded by light stained cytoplasm. Electron microscopically, the organisms were observed mostly ovoid in shape and frequently binary mitotic features within the host cells. follicle consisted of double unit membranes and microtubules, which are immediately below these membrnae. A long kinetoplast was noted within a very elongated mitochondrion at the center of the organisms and a flagella rose in front of the kineoplast but ended within the cytoplasm. Large numbers of free ribosomes, occasional Golgi complex and SER were also noted, but RER was seldom found. These ultrastructural features corresponded to promastigote stage of Leishmania tropica. In principle, leishmaniasis is a tropical disease and can not be found in temperate zone. However, travel to mideast by many Koreans may contract this disease while they are in endemic regions.

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Example Development of Medical Equipment Applying Power Electronics Technique (전력전자 기술을 응용한 의료장비 개발 사례)

  • 고종선;이태훈;김영일;김규겸;박병림
    • The Transactions of the Korean Institute of Power Electronics
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    • v.7 no.6
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    • pp.524-530
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    • 2002
  • A control of the body posture and movement is maintained by the vestibular system, vision, and proprioceptors. Afferent signals from those receptors are transmitted to the vestibular nuclear complex, and the efferent signals from the vestibular nuclear complex control the eye movement and skeletal muscle contract. The postural disturbance caused by loss of the vestibular function results in nausea, vomiting, vertigo and loss of craving for life. The purpose of this study is to develop a off-vertical rotatory system for evaluating the function of semicircular canals and otolith organs, selectively, and visual stimulation system for- stimulation with horizontal, vortical and 3D patterns. The Off-vortical axis rotator is composed of a comportable chair, a DC servo-motor with reducer and a tilting table controlled by PMSM. And a double feedback loop system containing a velocity feedback loop and a position feedback loop is applied to the servo controlled rotatory chair system. Horizontal, vertical, and 3D patterns of the visual stimulation for applying head mounted display are developed. And wireless portable systems for optokinetic stimulation and recording system of the eye movement is also constructed. The gain, phase, and symmetry is obtained from analysis of the eye movement induced by vestibular and visual stimulation. Detailed data were described.

A Study on the Practices of Landscape Planning & Design Services in Korea (조경계획.설계 기술용역의 수행실태에 관한 조사연구)

  • 권오준;심경구;김유일;고동완
    • Journal of the Korean Institute of Landscape Architecture
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    • v.21 no.4
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    • pp.113-129
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    • 1994
  • This study is designed to analyze the trends of professional services in Landscape Architecture during the past 5 years(1987-1991) in Korea. The data were collected from 1,117 projects from 56 engineering and landscape architecture firms. The findings are summarized as follows: 1) The projects have been increased annually by 19 percent in numbers and by 47 percent in money terms. 2) The main sources of projects are local governments and corporations. However the private sector comprise 31 percent in projects number and 46 percent in money terms. 3) The public park and tourism site development comprise a half of the projects. Recently recreational forest, golf, amusement and large housing site development have increased very rapidly. 4) In terms of workscope they are devided by 'complex' project which include extensive engineering works and 'simple' project which contain mostly planting design. The former include receational project with average 5 or 6 months contract period, and the later include housing and building site design with 2 or 3 months period. 5) Two types of consulting firms are typical. One is comprehensive engineering firms with urban planning section and few landscape section. The other is specialized professional firms with urban planning or landscape architecture. 50 percent of the project was done by comhensive engineering firms and 60 percent was done by urban planning section. The implication of these findings are broad: Firstly, We have to meet the demands in private secter mostly in recreation and leisure related projects. Secondly, landscape architects and project managers need more professional skills and coordination ability to deal with 'complex' projects. Thirdly, to enhance the quality of professional services it is required to have enough work time and higher service fee through legal and institutional enforcements.

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