• Economic Analysis
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• v.25 no.1
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• pp.66-122
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• 2019

As the Korean economy grew, employment expanded steadily, with the number of economically active people increasing and the employment-to-population rate also increasing. However, the working age population started to decline in 2017, and the employment of women and young people has been sluggish. The proportion of non-salaried workers in Korea is much higher than in other OECD countries, and is also excessive, considering Korea's income levels. In addition, the proportion of non-regular workers and the proportion of workers employed at small companies are particularly high among salaried workers. In light of these characteristics of Korean employment, the urgent problems facing the employment structure can be summarized by the deepening dual structure of the labor market, the increase in youth unemployment, sluggish female employment figures, and an excessive share of self-employment. Overall, it is seen that labor market duality is the main structural factor of the employment problems in Korea. Therefore, in order to fundamentally address this employment problem, it is necessary to concentrate policy efforts on alleviating labor market duality.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.23 no.1
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• pp.57-62
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• 2011

At this point that port industry brings a new change as the concept of 'Green Logistics' appears, studies on an economic analysis of existing port Re-modeling have normally been conducted focused on market value factors such as Benefit-Cost analysis, On the other hand, there have been few studies on the analysis of Non-market value factors such as environmental value. Therefore, the purpose of this study is aimed to establish a Feasibility analysis model of Incheon inner port Re-modeling in the aspect of Non-market Benefit Factors classified by related factors such as, marine environment, waterfront facility and welfare of users by using AHP methodology based on the extracted result through previous studies.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.3
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• pp.987-995
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• 2013

The purpose of this study is to examine the hydraulic stability of non-toxic revetment technique for eco-friendly design of the domestic river restoration. Recently, instead of the flood control function-oriented river management policy for the engineering efficiency, the improvement of the environmental performance for the ecological river restoration project is implemented. However, the inappropriate hydraulic design criteria of the new revetment technique happen to the economic losses at flood season frequently. The hydraulic stability of the riprap and the block include the banks of rivers, riverbed protection, scour protection and so on. In this study, the high speed experimental channel was developed, which has the maximum velocity of 3.5 m/s, to perform the hydraulic experiments of the block method with non-toxic glue with various conditions to find the critical velocity of the revetment block for the hydraulic stability.

• Journal of Korea Port Economic Association
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• v.29 no.4
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• pp.289-323
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• 2013

This study set out to estimate and compare benefits of damage in case of storm surge at the Masan Port by using two of the most representative methodologies used to estimate benefits in port disaster prevention facility construction, namely CVM(contingent valuation method), which estimates the values of non-market goods, and MD-FDA(multi-dimensional flood damage analysis), which had usually been implemented in flood or dam projects. The benefit estimation for 30 years of costs was 2.5689 trillion won for CVM and 2.9596 trillion won for MD-FDA, which indicates that there was no big difference in benefits among disaster prevention facilities. However, in-depth testing should follow to figure out whether MD-FDA can replace CVM, which has been tested with non-market goods, when estimating the benefits of disaster prevention facilities based on those findings.

• Management & Information Systems Review
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• v.36 no.4
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• pp.53-80
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• 2017

The purpose of this study is to examine the determinants of the number of bank relationships in Korea. Firm-specific determinants considered here include leverage, size, age, return on asset, investment grade, tangibility, liquidity, R&D expenditure. We estimate the effects of these variables, and compare the results with those from previous studies performed for other economies. Concerning the effects of business cycle, we find that the business cycle is an important factor in determining the number of bank relationships. The number of bank relationships varies over the business cycle, and we notice a counter-cyclical behavior, which means the number decreases during economic expansions and increases during contractions. This result can be interpreted as a result of firms' diversification of borrowings into multiple banks in order to reduce the liquidity risk during the recession. In the subsets, however, the number of bank relationships for large firms is stable regardless of the business cycle. Unlisted firms, non-chaebol, and low credit quality firms which have relatively limited access to alternative sources of financing show counter-cyclical behavior. Finally, such phenomena is not observed in the non-competitive credit market, while they show a counter-cyclical behavior in the competitive credit market.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.6D
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• pp.945-950
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• 2006

In implementing transportation projects, benefits have been estimated using conventional benefit components. However, these components have a lot of assumptions and limitations for benefit estimations and thus it seems to be difficult to obtain values of parameters as well as to overlook benefits of non-market goods in calculation process. In other words, current benefit estimations are considered that can be solely measured by directly depending on traffic volumes. Existing economic analysis do not reflect the full benefits, including direct and indirect of the project implementations. To illustrate this fact, bicycle road construction can result in various functional benefits, including improved quality of life, balanced regional development, and good scenery composition. These benefits can not be explained with conventional economic analysis. The objective of this research is to estimate valuation of bicycle road construction using Contingent Valuation Method (CVM). CVM can evaluate user's direct willingness-to-pay as well as maximize bicycle utilization with balanced regional development. This research used the coastline bicycle road construction project for example. The proposed method can be well calculated or estimated benefits for non-market goods of bicycle road constructions using CVM.

• Journal of Korean Society of Transportation
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• v.30 no.1
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• pp.135-147
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• 2012

The benefit of traffic information on variable message sign can be divided into two. At the public level, the benefit of ATIS is the travel time saving, which is not only induced from ATIS, but also mixed with that of ATMS. In the economic appraisal of ITS, the benefit of ATIS has so far been regarded as the derived benefit from ATMS. At the user level, the benefit of ATIS is reduced driver uncertainty through the forward traffic status information. User can benefit from the information on VMS and therefore may have the willingness to pay for it. Recently attempt to qualify the value of information on VMS was increased, but there was a danger of distorting or over-estimates of the ATIS benefit because the related studies didn't consider the time-dependent attributes of traffic information and provided the single value. Estimates of the time-varying value should be needed for a rigorous economic appraisal of ATIS. In this study, we varied the value of information on VMS according to peak and non peak trip and verified the hypothesis that time-varying of value was statistically significant.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.11 no.2
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• pp.48-56
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• 2012

One kind of crowdsourcing techniques which allow drivers to collect and provide traffic information using smartphones and applications is being introduced to ITS system as well. The introduction of crowdsourcing techniques requires changes in the existing ITS based on Insourcing which provide traffic information generated by detectors through VMS. ITS Information have had two problems, one is the high cost and the other is an interrupted service. Experts expect crowdsourcing technique which is created SNS, will overcome problems of ITS. But, there are not many examples and research results. Crowdsourcing technique was utilized in Jeju ATMS project to install ITS on the coastal round roads around Jeju since ITS to install point detectors turned out to be non-economic method in case of the coastal round roads with low traffic volume. However, there existed links in which traffic information cannot be generated as there were no smartphone users (crowds) even in the cost-effective crowdsourcing techniques, which indicates the fact that the crowdsourcing method is suitable for urban roads with many smartphone users, but not for local minor roads. On the contrary, insourcing-based ITS is considered to be non-economic method in applying to all roads in the city, but it can be effectively utilized in the local minor roads. Accordingly, Inter-sourcing based ITS operating system in which insourcing is connected with crowdsourcing was suggested in this study.

• Journal of Korean Society of Forest Science
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• v.86 no.1
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• pp.46-55
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• 1997

This study tried to categorize the types of mountain-village areas in terms of some key variables representing the socio-economic and natural characteristics in order to provide basic information for policy formation of mountain areas. Cross-sectional data of the year 1990 for 900 sub-counties were collected to analyse the characteristics of mountain-village areas. Eleven variables were selected to classify the types of sub-county levels. According to the results of the study, the socio-economic conditions of mountain-village areas represented by the number of corporations, number of non-farming households, and population density of mountain-village areas were found to be inferior to other parts of the nation while the proportion of forest land, share of non-paddy crop fields, distance from cities, percentage of farming households, and elevation from the sea-level were higher to the other areas. By the principal factor analysis, the key variables representing industrial development, mountain-ousness, and accessibility from near cities were selected. By a cluster analysis employing the selected variables, 5 different types of mountain-village areas were categorized.

• KDI Journal of Economic Policy
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• v.14 no.2
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• pp.3-27
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• 1992

In 1988, the government provided to the low income people 34.1% of the stocks of Pohang Iron & Steel Company through the People's Share Program of Privatization for the first time, and then in 1989 21% of the share of the Korea Electric Power Corporation were also provided to the low income classes through the same way. The purpose of the People's Share Program was known to be to support the low income classes through participating the profit of public enterprises, and also to expand the capital market through the diversification of stock holding structure. Initially, the government planned that the government share of enterprises such as the Citizens National Bank, the Korea Telecommunication Authority would be sold to the low income classes through the People's Share Program step by step. The income support policy, however, was no longer driven after 1989 when the overall stock prices started to decline. In this paper we tried to measure the effect of the privatization scheme of the public enterprises through the People's Share Program. The problems of the People's Share Program of the Pohang Iron & Steel Commpany and the Korea Electric Power Corperation were also identified. Several implications of the privatization scheme of the public enterprise through the People's Share Program by stages were found. The People's Share Program was found to be a non-stable policy measure for the income support of low income classes. The efficiency impact of the privatization through the People's Share Program was found to be non-significant.