• Title/Summary/Keyword: Financial Considerations

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Accuracy Analysis of Construction Worker's Protective Equipment Detection Using Computer Vision Technology (컴퓨터 비전 기술을 이용한 건설 작업자 보호구 검출 정확도 분석)

  • Kang, Sungwon;Lee, Kiseok;Yoo, Wi Sung;Shin, Yoonseok;Lee, Myungdo
    • Journal of the Korea Institute of Building Construction
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    • v.23 no.1
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    • pp.81-92
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    • 2023
  • According to the 2020 industrial accident reports of the Ministry of Employment and Labor, the number of fatal accidents in the construction industry over the past 5 years has been higher than in other industries. Of these more than 50% of fatal accidents are initially caused by fall accidents. The central government is intensively managing falling/jamming protection device and the use of personal protective equipment to eradicate the inappropriate factors disrupting safety at construction sites. In addition, although efforts have been made to prevent safety accidents with the proposal of the Special Act on Construction Safety, fatalities on construction sites are constantly occurring. Therefore, this study developed a model that automatically detects the wearing state of the worker's safety helmet and belt using computer vision technology. In considerations of conditions occurring at construction sites, we suggest an optimization method, which has been verified in terms of the accuracy and operation speed of the proposed model. As a result, it is possible to improve the efficiency of inspection and patrol by construction site managers, which is expected to contribute to reinforcing competency of safety management.

Investigating Regions Vulnerable to Recurring Landslide Damage Using Time Series-Based Susceptibility Analysis: Case Study for Jeolla Region, Republic of Korea

  • Ho Gul Kim
    • Journal of Forest and Environmental Science
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    • v.39 no.4
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    • pp.213-224
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    • 2023
  • As abnormal weather events due to climate change continue to rise, landslide damage is also increasing. Given the substantial time and financial resources required for post-landslide recovery, it becomes imperative to formulate a proactive response plan. In this regard, landslide susceptibility analysis has emerged as a valuable tool for establishing preemptive measures against landslides. Accordingly, this study conducted an annual landslide susceptibility analysis using the history of landslides that occurred over many years in the Jeolla region, and analyzed areas with a high potential for landslides in the Jeolla region. The analysis employed an ensemble model that amalgamated 10 data-based models, aiming to mitigate uncertainties associated with a single-model approach. Furthermore, based on the cumulative data regarding landslide susceptible areas, this research identified regions vulnerable to recurring landslide damage in Jeolla region and proposed specific strategies for utilizing this information at various levels, including local government initiatives, adaptation plan development, and development approval processes. In particular, this study outlined approaches for local government utilization, the determination of adaptation plan types, and considerations for development permits. It is anticipated that this research will serve as a valuable opportunity to underscore the significance of information concerning regions vulnerable to recurring landslide damage.

Fast Close: A Case of Financial Close Process Automation (결산 자동화 시스템 사례)

  • Kwon, Dae-Hyun;Ahn, Tae-Sik;Hwang, Iny;Park, Jin-Ha
    • The Journal of Small Business Innovation
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    • v.20 no.1
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    • pp.47-57
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    • 2017
  • Closing the book for the recent accounting period and issuing financial statements is one of the most common challenges for companies. This study examines a case of an automated financial close process and discusses issues related to its implementation. First, the study introduces the closing process of a case company including the purpose, improvement plan, and designing process. Second, the study discusses the impacts of the newly adopted system. Specifically, it reveals that under the new plan, close process automation has been maximized. It also shows that raw data validation has been improved so that past data errors can be categorized by their types and removed before the closing process begins. The order of the process has also been redefined saving closing time. Third and finally, difficulties and considerations for successful use of the system have been discussed. This study aims to provide useful information to companies which consider implementing more organized closing systems. We expect that this study will be helpful to small and medium enterprises which suffer from delayed closing but have little experience with automated BPM system.

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Capital Structure's Mean-Reversion and Long-Term Equilibrium (자본구조의 평균회귀현상과 장기균형)

  • Son, Pan-Do;Son, Seung-Tae
    • The Korean Journal of Financial Management
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    • v.25 no.3
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    • pp.33-78
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    • 2008
  • This paper empirically examines whether firms engage in a dynamic adjustment process toward target capital structure and, whether there is a target capital structure or mean reverting using the partial adjustment model while allowing for costly adjustment. Also we investigate the empirical determinants of optimal target capital structure in long term equilibrium. As a result, our empirical model captures at least several important features of capital structure behavior for Korean listed firms. First, Korean firms pursue target capital structure and also there is mean reverting phenomenon. Second, Non-Chaebol and small firm in adjustment speed is faster than Chaebol and large firm. Third, even capital market restricts the adjustment speed interestingly. Fourth, Korean firms have target behavior according to a degree of observed gap. Fifth, Korean firms close about one-fourth of the gap between their actual and target debt ratios within one year and thence targeting behavior explains far more of the observed changes in capital structure than market timing or pecking order considerations. Sixth, capital market is significant in determining optimal capital structure.

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A Case Study on the Retirement Preparation of the Small and Medium-sized Company Workers (중소기업 근로자의 은퇴준비에 관한 사례연구)

  • Lee, Hyung-Jong;Lee, Han-Duck
    • The Journal of the Korea Contents Association
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    • v.17 no.9
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    • pp.449-465
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    • 2017
  • Small and medium-sized company workers are ill-prepared for retirement due to low wages and poor working conditions, as result, are likely to get into poverty in retirement. The purpose of this study is to conduct a case study on the current status of financial and non-financial retirement preparation of the small and medium-sized company workers. The main findings are as follows. First, the small and medium-sized company workers show the anxiety about retirement. Many pre-retirees worry that their retirement savings may not generate enough income in retirement, and the level of benefits paid in public pension is inadequate. Second, they are preparing for retirement in the areas of finance, health, working after retirement and social activity. Third, they are realistic and practical in retirement decisions makings. they are considering household budget downsizing, cutting education costs, the low-waged job choice and cash flow preference in retirement. The safety and reality in preparation for retirement are top considerations. In conclusion, this case study shows that pre-retirees of small and medium-sized companies are seeking diverse retirement solutions. We need to design integrated and practical retirement planning programs to support their specific retirement needs.

The Effect of Macroeconomic and Real Estate Policies on Seoul's Apartment Prices (거시경제와 부동산정책이 서울 아파트가격에 미치는 영향 연구)

  • Bae, Jong-Chan;Chung, Jae-Ho
    • Land and Housing Review
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    • v.12 no.4
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    • pp.41-59
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    • 2021
  • This study reviews theoretical considerations and past studies about real estate prices, macroeconomic variables, and real estate policies. Monthly data from January 2003 to June 2021 are used, and a VEC model, the most widely used multivariate time series analysis method, is employed for analysis. Through the model, the effects of macroeconomic variables and real estate regulatory policies on real estate prices in Seoul are analyzed. Findings are summarized as follows. First, macroeconomic variables such as money supply and interest rates do not have a significant impact on Seoul's apartment prices. Due to the high demand for housing and insufficient supply, there is a demand for buying a home regardless of macroeconomic booms or recessions. Second, tax and financial regulatory policies have an initial impact on the rise in apartment prices in Seoul, and their influence diminishes over time. Third, anti-speculation zones are expected to decrease apartment prices through the suppression of demand. However, these zones cause a rise in apartment prices. This could be understood as a lock-in effect due to the strengthening of capital gains tax. Fourth, the price ceiling did not decrease apartment prices. These findings propose that, in Seoul, where demand is high and supply is insufficient, the supply of high-quality and sufficient housing should be prioritized over various regulations such as tax regulations, financial regulations, anti-speculation zones, and price caps. Moreover, the findings provide an implication that city-specific real estate policies should be implemented for Seoul rather than regulation-oriented approaches in public policy.

Topic Modeling of Profit Adjustment Research Trend in Korean Accounting (텍스트 마이닝을 이용한 이익조정 연구동향 토픽모델링)

  • Kim, JiYeon;Na, HongSeok;Park, Kyung Hwan
    • Journal of Digital Convergence
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    • v.19 no.1
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    • pp.125-139
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    • 2021
  • This study identifies the trend of Korean accounting researches on profit adjustment. We analyzed the abstract of accounting research articles published in Korean Citation Index (KCI) by using text mining technique. Among papers whose themes were profit adjustment, topics were divided into 4 parts: (i) Auditing and audit reports, (ii) corporate taxes and debt ratios, (iii) general management strategy of companies, and (iv) financial statements and accounting principles. Unlike the prediction that financial statements and accounting principles would be the main topic, auditing was analyzed as the most studied area. We analyzed topic trends based on the number of papers by topic, and could figure out the impact of K-IFRS introduction on profit adjustment research. By using Big Data method, this study enabled the division of research themes that have not been available in the past studies. This study enables the policy makers and business managers to learn about additional considerations in addition to accounting principles related to profit adjustment.

Outcomes of Primary Unilateral Cheiloplasty in Same-Day Surgical Settings

  • Khan, Mansoor;Ullah, Hidayat;Aziz, Asif;Tahir, Muhammad
    • Archives of Plastic Surgery
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    • v.43 no.3
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    • pp.248-253
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    • 2016
  • Background Financial, clinical, and psychological considerations have made same-day surgery an attractive option for a variety of procedures. This article aimed to analyse the postoperative results of same-day primary unilateral cleft nasolabial repair. Methods This study was performed from 2011 to 2014. Unilateral cleft lip patients fulfilling the inclusion criteria were preoperatively classified as mild, moderate, and severe. All patients underwent same-day surgery and were discharged after satisfying the appropriate clinical criteria, receiving thorough counselling, and the establishment of a means of communication by phone. Postoperative outcomes were assessed and stratified according to preoperative severity and the type of repair. Results A total of 423 primary unilateral cleft lip patients were included. Fisher's anatomical subunit approximation technique was the most common procedure, followed by Noordhoff's technique. The postoperative outcome was good in 89.8% of cases, fair in 9.9% of cases, and poor in 0.2% of cases. The complication rate was 1.18% (n=5), and no instances of mortality were observed. The average hospital stay was 7.5 hours, leading to a cost reduction of 19% in comparison with patients who stayed overnight for observation. Conclusions Mild unilateral cleft lip was the most common deformity for which Fisher's anatomical subunit approximation technique was performed in most of the cases, with satisfactory postoperative outcomes. Refinements in the cleft rhinoplasty techniques over the course of the study improved the results regarding cleft nasal symmetry. Single-day primary unilateral cleft cheiloplasty was found to be a cost-effective procedure that did not pose an additional risk of complications.

Evaluating the Effect of the Corporate Social Responsibility (CSR) on Corporate Image and Reputation in the Shipping Sector

  • Jang, Hyun-Mi;Kim, Sang-Youl
    • Journal of Navigation and Port Research
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    • v.39 no.5
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    • pp.401-408
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    • 2015
  • This research seeks to improve the understanding of corporate social responsibility (CSR) and its advantages in the shipping sector. Recently, an improved emphasis on CSR, which incorporates environmental and social concerns into economic considerations of firms, can be found in business management and marketing literature. This is mainly because of people's increased awareness in regards to the negative consequences of corporate activities such as increased environmental pollution and gaps between the rich and the poor. According to the previous literature, it has been revealed that responsible actions by companies can generate positive outcomes in terms of financial and time aspects, but more importantly, intangible equity of the company, including improved corporate reputation, image as well as brand. As the regulation is intensifying in regards to environmental and social responsibility in the shipping sector, shipping companies are trying to engage in CSR to gain competitive advantages. While the reputation and image of shipping companies play essential roles for developing sustainable maritime transport, few studies have been conducted for how the CSR of shipping companies influence the shipping companies' reputation and image relative to other industries. In this regard, this study aims to investigate the effect of the corporate social responsibility on corporate reputation and image of shipping companies on the basis of an exploratory study in the Republic of Korea. This research would be beneficial to both academics and practitioners for developing useful CSR strategies which could promote the public's recognition of the shipping sector.

Case Study of Opinion Coordination between Residents and Coordinators on the Planning Process of Community Housing in Sungmisan Village (성미산마을 공동체주거 계획과정의 거주자와 코디네이터의 의견조정 사례연구)

  • Park, Kyoung-Ok;Ryu, Hyun-Soo
    • Journal of the Korean housing association
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    • v.23 no.3
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    • pp.1-11
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    • 2012
  • The purpose of this study was to make clear considerations in the planning of community housing and the roles of coordinators. Seongmisan village, a representative urban community village in Seoul, was selected for this study on problem solving between residents and opinion coordination between residents and coordinators. For this qualitative research, 2 residents and 2 coordinators answered 'open questionnaires' on prior basic planning, land purchase, financing, architectural planning, construction and inspection, and actual living conditions thereafter. They were each interviewed for 2 hours at a time that was 14-16 months after the residents started living in the new houses, and the records were transcribed. The following was the result. 1) The residents, who ruled the steps of prior basic planning and land purchase, did not have sufficient information or knowledge of the construction of community housing, so that they faced difficulties especially in the legal and financial aspects. 2) The coordinators participated in the project at the steps of architectural planning and construction. The residents accepted the coordinators' opinions on the choice of floor and position, and the coordinators listened to the residents' opinions on individual plans and finishing materials. In the construction step, however, there was conflict between them, and dissatisfaction occurred on the completion time and construction cost. For the successful construction of community housing, a professional coordination company needs to join the project to establish a system of opinion coordinating from the step of prior basic planning to the step of afterconstruction management.