• Title/Summary/Keyword: Global Crisis

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Cost Efficiency in Global Air Transport Industry (국제항공운송회사의 비용효율성 연구;국제비교를 중심으로)

  • Yeo, Kyu-Hun;Lee, Young-Soo
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.15 no.4
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    • pp.108-116
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    • 2007
  • The purpose of this study is to analyze the technical and cost efficiency of Air Transport Industry on Global strategic alliances. In particular, this study develops Stochastic Frontier Approach for accurate judgement. Based on 20 major international airline corporations related with strategic alliances during the period 1995-2001, we find that alliances make a significant contribution to efficiency. On the other hand, it is found that the level of contribution to efficiency is different according to alliances. These results also changed greatly between pre- and post- Asian financial crisis period.

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Plant biotechnology in Asia - Past, present and future

  • Komamine, Astushi
    • Proceedings of the Botanical Society of Korea Conference
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    • 1999.07a
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    • pp.1-9
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    • 1999
  • Plant biotechnology including plant tissue culture is the most important science to rescue human beings from the crisis of biosphere of the earth which they will face in the 21st century. Global area other than Asia of trangenic crops increased more than 16 times from 1996 to 1998. In Asian countries, micropropagation using tissue culture techniques has been well developed and has contributed to agricultural production. Although researches on levels of laboratory and test field trial of transgenic crops have been performed actively in some Asian countries, areas of growing transgenic crops are still small in Asia countries except in China. In this paper, the status of plant biotechnology in global and Asian countries are reviewed and the future prospect of plant biotechnology in Asia and roles of Korean and Japanese plant scientists in it are discussed.

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Energy Saving and Development of an Industrial Regenerative Oxy-Fuel Combustion Furnace for CO2 Capture (에너지 절약 및 이산화탄소 포집을 위한 축열식 순산소 연소로 개발)

  • Oh, Jeongseog;Noh, Dongsoon;Lee, Daegeun;Hong, Sungkook;Yang, Jebok;Ko, Changbok;Lee, Eunkyung
    • 한국연소학회:학술대회논문집
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    • 2013.06a
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    • pp.121-122
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    • 2013
  • In recent years, the usage of fossil fuels has caused problems of climate change and global warming. Because the combustion of fossil fuels is related to the production of greenhouse gases ($CO_2$, $CH_4$, etc.), new technology in the field of combustion is needed in order to handle the crisis of climate change and the global warming. As one of the efforts to reduce the emission of greenhouse gases, the concept of regenerative oxy-fuel combustion for energy efficiency and carbon capture was suggested, In the current study, the development of an industrial regenerative oxy-fuel combustion furnace was introduced, which has been being performed at Korea Institute of Energy Research (KIER).

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A Prediction Model of CO2 Emissions for Construction Equipment Using Curve Fitting (Curve Fitting을 이용한 건설장비 CO2 배출량 예측 모델)

  • Noh, Jaeyun;Kim, Yujin;Lee, Jiyeon;Lee, Minwoo;Han, Seungwoo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2020.06a
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    • pp.107-108
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    • 2020
  • The severity of the global climate crisis is increasing due to greenhouse gases caused by human activities. As a result, countries and industries are making efforts to reduce carbon dioxide emissions, the biggest cause of global warming. Many studies have been conducted to predict carbon emissions in the construction sector to reduce this, but they have not actually produced a highly usable formula in the field. Therefore, the two variables 'Curve Fitting' were performed based on the data of excavators and trucks measured at the field. As a result, we have obtained a carbon dioxide emission prediction model for construction equipment, and we would like to use it to help establish an eco-friendly process plan.

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Hydrogen Policy Trends and Current Status of Hydrogen Technology Development by Value Chain (수소 정책 동향과 밸류체인별 수소 기술 개발 현황)

  • JAE EUN SHIN
    • Transactions of the Korean hydrogen and new energy society
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    • v.34 no.6
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    • pp.562-574
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    • 2023
  • Carbon neutrality has been suggested to overcome the global climate crisis caused by global climate change. Hydrogen energy is a major way to achieve carbon neutrality, and the developments and policies of hydrogen technology have been proposed to achieve this goal. To commercialize hydrogen energy resources, it is necessary to understand the overall value chain composed of hydrogen production, storage, and utilization and to present the direction of technological developments. In this paper the hydrogen strategies of major countries, including Europe, the United States, Japan, China, and South Korea will be analyzed, and hydrogen technologies by value chain will also be explain. This paper will contribute to understanding the overall hydrogen policy and technology, as both policy and technology are summarized.

Housing Market Participants' Decision Process and The Dynamics of Ripple Effect on Korean Housing Market - Focusing on The Cause of Housing Market Stagnation and Housing Policies After 2008 Global Financial Crisis - (국내 주택시장 참여자의 거래의사 결정과정 및 시장 파급효과의 동태적 분석 - 금융위기 이후의 주택시장 침체원인 및 주택정책을 중심으로 -)

  • Hyun, Hosang;Lee, Hyun-Soo;Park, Moonseo;Hwang, Sungjoo
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.5
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    • pp.147-159
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    • 2014
  • After 2008 global financial crisis, Korean housing market has experienced stagnation. So it caused housing market problems like housing price reduction, rising rent cost and so on. For housing market normalization government announced policies but Korean housing market didn't recover from stagnation. So, to understand why Korean housing market couldn't overcome the recession and why the policies didn't be effective, this research analyzed housing market participants (home owner, housing demand) based on the law of supply and demand and the psychological effect on their transaction intention based on behavioral economics(behavioral finance). Based on the analysis this research tested the effectiveness of announced policies using System Dynamics. The result showed that the amount of transaction and mortgage loan was influenced by the length of time to draft policies.

A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods - Focusing on Industrial Plant Exports, Shipbuilding Exports, and Overseas Constructions -

  • Kim, Sang-Man
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.48
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    • pp.127-155
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    • 2010
  • The international transactions of capital goods such as industrial plant exports, overseas constructions, and shipbuilding exports, are so huge that tremendous amount of funds are required, and that most of the loans are long-term credits of over five years. In the export of huge capital goods, financing is more crucial than technology itself. Some of the importing countries are developing ones that are politically and economically unstable. Therefore the financing mechanism for these transactions is conclusive in winning these projects. Global financial market instability caused by US sub-prime mortgage financial crisis expanded all over the world, and the international transactions have been decreased due to global credit crisis. This indicates how much influential the financing market is in international transactions. The financing schemes are classified into supplier credit and buyer credit by who provides the financing. A supplier credit is a credit extended by an exporter(seller) to an importer(buyer) as part of an export contract. Cover for this transaction may be extended by an export credit agency('ECA') to the exporter. In a sales contract a seller shall provide fund required to manufacture goods, and in a construction contract a contractor shall provide fund required to complete a construction. A buyer credit is an arrangement in which an exporter enters into a contract with an importer, which is financed by means of a loan agreement A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods 155 where the borrower is the importer. In a sales contract a buyer shall provide fund required to manufacture and procure the goods, and in a construction contract an owner shall provide fund required to complete a construction. Therefore an exporter is paid on progressive payment method. A supplier credit and a buyer credit have their own advantages and disadvantages in the respect of the parties respectively. These two financing methods are selectively used considering financing conditions such as funding cost, importer's and/or exporter's financial conditions, importing country's political risk.

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Groping for Growth Strategy of Savings Bank as a result of signing the Korea-U.S. FTA (한.미 FTA 체결에 따른 저축은행의 성장전략 모색)

  • Lee, Hyun-Sik
    • International Commerce and Information Review
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    • v.10 no.3
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    • pp.265-290
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    • 2008
  • Domestic industries are facing the open era as a result of signing the Korea-U.S. FTA with no exception to the financial industry. The FFA between two countries is expected to produce pros and cons for domestic financial industry. Therefore, it is very important to minimize the shock caused by opening our financial market and to adopt the advanced financial tools actively. Signing the Korea-U.S. FTA and enforcing the Integration Law of Capital Market are leading a big crisis to the Savings Banks which have been shrinking under the dramatically changing domestic financial environment since the financial crisis. To cope with financial globalization, Korean Savings Banks are demanded to build up their concrete identity and reposition their status. This is related to shaping the long-term position of domestic financial industry. Therefore, the Savings Banks must take the growth strategy for their survival, and it is an inescapable choice. Several options are available: big scale operation and diversification of business functions, reinforcement of local-focused mediating function of funds, establishment of strategic alliance with other financial firms, reinforcement of risk management system and core competence, nourishment and employment of professional manpower, and active deregulation and policy support. When the Savings Banks are refurbished as an independent local bank performing the central role of local finance, the bright future can be their destiny under the enormously changing global financial environment. Also, two more conditions need to be satisfied: to establish horizontal networks among local banks directed by cooperative Korea Federation of Savings Banks to reverse the weak scale position, and to satisfy their own peculiar niche market with internal countermeasure to face global financial networks.

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European Globalisation Adjustment Fund (EU의 세계화조정기금 연구)

  • Lee, Ki Hwan;Kim, Hee Kil
    • International Area Studies Review
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    • v.16 no.1
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    • pp.303-325
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    • 2012
  • This paper is to provide an analysis on the European Globalisation Adjustment Fund(EGF) program and the study of European Member State. Established in December 2006, the EGF was originally intended to help workers who were affected by redundancies resulting from globalisation. The EGF at present also provides support to workers who were made redundant as a direct result of the global financial and economic crisis. In general, EGF measures are defined as assistance actions for job search, training, upskilling, outplacement, business start-up, etc. The paper focuses on the cases implemented by EGF for redundant workers harmed by globalisation and by a direct result of the global financial & economic crisis, and also focuses on the statistical portrait of the EGF 2007-2011. In addition, the paper provides criteria & implications of the EGF in the changing international economy. Finally, we could learn the importance of the EGF program through the analysis in this paper. With criteria & implications of the EGF program, the effective application to keep workers in employment or help them back into jobs would help us get over difficulties.

New Obligations of Health Insurance Review and Assessment Service: Taking Full-fledged Action Against the COVID-19 Pandemic

  • Yoo, Seung Mi;Chung, Seol Hee;Jang, Won Mo;Kim, Kyoung Chang;Lee, Jin Yong;Kim, Sun Min
    • Journal of Preventive Medicine and Public Health
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    • v.54 no.1
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    • pp.17-21
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    • 2021
  • In 2020, the coronavirus disease 2019 (COVID-19) pandemic has caused unprecedented disruptions to global health systems. The Korea has taken full-fledged actions against this novel infectious disease, swiftly implementing a testing-tracing-treatment strategy. New obligations have therefore been given to the Health Insurance Review and Assessment Service (HIRA) to devote the utmost effort towards tackling this global health crisis. Thanks to the universal national health insurance and state-of-the-art information communications technology (ICT) of the Korea, HIRA has conducted far-reaching countermeasures to detect and treat cases early, prevent the spread of COVID-19, respond quickly to surging demand for the healthcare services, and translate evidence into policy. Three main factors have enabled HIRA to undertake pandemic control preemptively and systematically: nationwide data aggregated from all healthcare providers and patients, pre-existing ICT network systems, and real-time data exchanges. HIRA has maximized the use of data and pre-existing network systems to conduct rapid and responsive measures in a centralized way, both of which have been the most critical tactics and strategies used by the Korean healthcare system. In the face of new obligations, our promise is to strive for a more responsive and resilient health system during this prolonged crisis.