• Title/Summary/Keyword: Financial Professionals

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Choices of Medical Services and Burden of Health Care Costs: Japanese Prohibition of Mixed Treatment in Health Care (의료서비스 선택과 비급여 의료비 부담: 일본 혼합진료금지제도 고찰)

  • Oh, Eun-Hwan
    • Health Policy and Management
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    • v.31 no.1
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    • pp.17-23
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    • 2021
  • With the introduction of national health insurance, the burden of health care costs decreased and choices of medical services widened. However, because of the rapid expansion of non-covered medical services by health insurance, financial security for health care expenditure is still low. This gives patients barriers to choose medical services especially for non-covered medical services, and it becomes narrower. Compared to Korea, Japan has high financial protection in health care utilization, but there exists a limitation using covered and non-covered medical services both together. This is called a prohibition of mixed treatment in health care. This study reviews the Japanese health care system that limits choosing medical services and the burden of health care costs. The prohibition of mixed treatment can alleviate the out-of-pocket burden in the non-benefit sector, but it can be found that it has a huge limitation in that it places restrictions on choices for both healthcare professionals and patients.

Legal Study on the Provision of Financial Services Professionals and the Policy Implication for Korea -Based on the UK Financial Services and Markets Act Systems- (전문직종사자의 금융서비스 제공에 관한 법적 고찰과 국내 시사점 -영국 금융서비스 및 시장법 체계를 바탕으로-)

  • Park, Tae-Jun;Park, Chang-Wook
    • Management & Information Systems Review
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    • v.35 no.3
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    • pp.81-93
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    • 2016
  • UK "FSMA" provides a safe harbour for members of professions, which are lawyers, accountants, and actuaries in their provision of certain financial services, despite the general prohibition, the professions carry on exempt regulated activities. In particular, DPBs(designated professional bodies), which professional bodies are designated by the Treasury, must have rules and have to supervise and regulate their members those activities by rules. Also, the FSA must keep itself informed about the role of DPBs, and may make directions concerning the safe harbour in relation to particular classes of persons of different descriptions of regulated activities. On the other hand, Korea "FSCMA" explicitly except provision of financial services by professions to investment adviser without regard to mainstream financial services activities or incidental activities. Under "FSMA", if the professions conduct provision of financial services as mainstream activities, they must be authorized person and even if their activities is incidental, they have to comply with exemption sections. Therefore, there is a need of prepare the legal safeguards about provision of financial services by professions for the investor protection.

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A Study on Advanced Frame of Core-Banking Model (코어뱅킹 모델의 발전모형 연구)

  • Weon, Dal-Soo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.7
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    • pp.3194-3200
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    • 2012
  • The aim of the paper is systematically to organize the historical facts of financial IT development process through various tracking and proved knowledge, it is to propose the direction and the advanced frame of core-banking model in next generation for the year 2020s. To achieve it, this study variously analyzed the meaningful pattern of development process of financial IT by backtracking life-cycle of Core-Banking model and it presented new model of Core-Banking for the past 40 years. In research findings, the life cycle of financial IT system and core-banking model have been analyzed about 10 years and the longest model of life cycle is about 33 years. As a result, It proved to be desirable that the advanced frame of the Core-Banking model adds the functions of business hub and product life cycle management to basic frame of its existing model in the future. In addition, big bang development method of new next generation system must be sublated. Also, They need to be initiated more business-oriented than IT-oriented. Along with this, the financial IT should be developed into the convergence industry, and it needs to extend the systematization of Core-Banking model studies and more professionals. Finally, this study has arranged the financial IT development process in domestic and presents new frame through analyzing intensively the Core-Banking model for the first time Therefore, it can be contributed to serve the guideline regarding the direction in new next generation system.

An Analysis on the North-Africa Entry Strategies of Korea Logistics Companies (조선산업의 글로벌 경쟁력 강화를 위한 한중 선박금융제도의 비교연구)

  • Choi, Chang-Yeoul;Ham, Hyung-Bum
    • International Commerce and Information Review
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    • v.14 no.4
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    • pp.317-337
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    • 2012
  • This study has investigated shipping finance systems in Korea and China, and extracted negative factors based on it to propose a way to develop the shipping financial system in Korea for shipbuilding industry and marine transportation. From after the global financial crisis in 2008 to right before the Lehman Brothers Holdings bankruptcy, shipping finance has been dominated by the major industrialized countries in Europe. However, the weight point is moving to the countries in Asia region such as Korea, Japan, and China based on relatively strong banking system and low interests rate. This study focused on the alternatives the current situation that the starter of shipping finance among three countries in Northeast Asia, South Korea is facing China's challenges. In the paper, shipping finance in Korea presented its defectives such as the limits of ship financing, lack of professional workforces, ever-present foreign exchange risks, and lack of understandings of the parties. As the countermeasures of them, it proposed establishing professional institute for ship financing, training professionals in financial industry, raising foreign credentials of won, and continuing associations between the parties. Even though we are the first Asian country introduced ship funds, the ship funds growth in China shall be under our eyes while we keep systemic networks between shipping, ship building, and ship financing.

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Analysis of Levelized Cost of Hydrogen and Financial Performance Risk by CCU System (CCU 시스템을 통한 균등화 수소원가 및 재무적 위험도 분석)

  • MINHEE SON;HEUNGKOO LEE;KYUNG NAM KIM
    • Journal of Hydrogen and New Energy
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    • v.33 no.6
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    • pp.660-673
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    • 2022
  • In achieving carbon neutrality and the hydrogen economy, the estimation of H2 cost is critical in terms of CCU technologies. This study analyzes LCOH of hydrogen produced by the carbon utilization unit with methane reforming and CO2 from thermal power plant. LCOH for H2 made with CO is estimated in three ways of Joint Cost Allocations with financial performance risk assessment. Regarding cost analysis, the zero value of LCOH is $6,003/ton. We found that the CCU technology has economic feasibility in terms of profitability. The sensitivity analysis result shows that the input ratio is more influential to the LCOH than other variables. Risk analysis presents the baseline price of zero value of LCOH - $8,408/ton, which is higher than the cost analysis - $6,003/ton. Mainly, the price variability of natural gas primarily affects the LCOH. The study has significant value in analyzing the financial performance risks as well as the cost of H2 produced by a Plasma-based CCU system.

A Study on the Information Resource Center(IRC) for K-12 Schools: Prototypical Unit Design (초.중등학교 정보자료실 모형개발연구)

  • 임영숙
    • Korean Institute of Interior Design Journal
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    • no.25
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    • pp.34-41
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    • 2000
  • The purpose of this study is to develope a prototypical unit design for the Information Resource Center(IRC) for K-12 schools in Korea. Literature from various sources were examined. A survey was administered to sixty-three elementary and middle schools in Korea. A case study was conducted to two elementary schools in Korea and one elementary school in Portugal. Design standards and prototypical unit design for the IRC were developed applicable to existing K-12 schools in Korea. The prototypical unit design suggested in this study optimize the needs of the students, teachers, and neighborhoods for the space of information, reading, consultation, graphic production, and group activities. The results of this study indicated that there needs consistent government educational policies, increased financial investment on computers and supporting media facilities, and partnership with the design professionals.

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Justice, Satisfaction and Commitment at R&D Institutes

  • Lee, Mu-Shin;Shin, Won-Jun
    • Management Science and Financial Engineering
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    • v.2 no.1
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    • pp.53-71
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    • 1996
  • In the literature, it is pointed that distributive justice explains pay satisfaction and job satisfaction better than procedural justice, and procedural justice explains organizational commitment and researcher's evaluation about the supervisor better than distributive justice. We empirically tested if these findings are valid in R&D institutes with the data collected from Korean R&D professionals. It is found that the relations between the justices and the outcome variables are more complicated. The result of the analysis shows that distributive justice is also significantly related to organizational commitment, but not to job satisfaction, and procedural justice is also significantly related to pay satisfaction, and job satisfaction. Implications of the findings and possible influence of the R&D setting are discussed.

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Promotional Plans of Fourth-Party Logistics in Korea: Applicability in Entering the Chinese Logistics Market

  • Oh, Moon-Kap
    • Journal of Distribution Science
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    • v.13 no.2
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    • pp.25-33
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    • 2015
  • Purpose - This study aims to disclose the problems of both the government and the logistics industry regarding fourth-party logistics, and to provide various solutions at the level of enterprises as well as the government for the introduction of fourth-party logistics in China. Research design, data, and methodology - This study aims to reveal how a shipping company recognizes the creation of partnerships with fourth-party logistics providers, and it reveals several related implications. Results - Fourth-party logistics organizations can be used to achieve maximum business performance as professional logistics companies by incorporating the benefits of outsourcing and insourcing. Outsourcing logistics services through focusing on core competencies and improving customer service can have financial effects and advantages such as the simplification of labor issues. Conclusions - This study did not investigate Korean enterprises through an empirical analysis and provided fourth-party logistics concepts and promotional plans according to domestic and foreign literature. Further studies shall investigate not only the Korean fourth-party logistics model but also the training of logistics professionals to generate profits for both shippers as well as logistics enterprises.

Dilemma of Saudi Arabian Construction Industry

  • Albogamy, Abdullah;Scott, Darren;Dawood, Nashwan
    • Journal of Construction Engineering and Project Management
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    • v.3 no.4
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    • pp.35-40
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    • 2013
  • Currently, the Kingdom of Saudi Arabia (KSA) is the epicentre of building services engineering encapsulating the construction industry. On rise of technological advancements, engineers have the ease to thoroughly investigate engineering aspects. Not only engineers, but other stakeholders, tender related people, financial analysts work in parallel as well. However, there are some factors that are stumbling blocks in the way of progression including delaying factors in the construction industry. The paper provides deep insights of delaying factors regarding public building projects of the KSA. Collection of primary data was carried out by conducting a survey which comprised of 63 chief delay factors. Professionals related to construction industry were asked for ranking the factors in terms of their frequency of occurrence and degree of impact. Seven groups of risk factors are categorized and a correlation analysis is performed by identifying the correlation amongst the variables. Finally, 31 leading delay factors are extracted and reported.

BALANCED SCORECARD PERFORMANCE MEASUREMENT AND CONTRACTOR SELECTION USING A WEB-BASED SYSTEM

  • J. Johnson;V. Peansupap;S. Jayasena
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.259-268
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    • 2007
  • In a very competitive construction business environment there is a need to measure and manage business performance across a wider spectrum of business success criteria. The Balanced Scorecard (BSC) and Triple Bottom Line (TBL) reporting concepts are emerging as champions in the race for sustainable business success. The construction business organisations are often judged based on their financial performance as well as wider performance. This paper aims at developing a universally accepted tool for assessing contractors' wider business performance in the construction industry. A prototype of web-based business performance measurement system has been developed to help contractors assess their own performance aimed at uplifting their performance. The consultants/clients can also use the tool to measure contractors' performance in a value-based contractor selection. The system was developed based on the research conducted among 63 senior construction professionals and therefore further research with the participation of a large number of managers across different countries and also an upgrade of the system will be required.

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