• Korean Journal of Construction Engineering and Management
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• v.15 no.3
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• pp.66-73
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• 2014

The Korean construction industry has been severely impacted by the 2008 global financial crisis, which resulted in a significant reduction in the overall contract amount. For survival, many construction management (CM) companies had to adapt a strategy of lowering bid prices to maintain their competitiveness. As a result of the strategy, companies faced a number of issues including their decreased capability in risk management. However, most risk management-related studies focused on construction risk management, yet these studies lacked consideration of enterprise-level risk management practices. To fill the gap, the objectives of the present study are (1) to investigate, the risk management practices of Korean CM companies, (2) to identify factors that determine efficient enterprise-level risk management practices, and (3) to propose a module for the development of enterprise-level risk management. Lastly, the efficiency of the proposed development module was validated by using a survey.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.16 no.5
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• pp.1102-1112
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• 2012

The policy of the United States is a Korean Peninsula free of all nuclear weapons. The United States government was considering the possibility of military action to eliminate the North Korean nuclear threat. Talk of military action peaked from mid-1993 through mid-1994. Such an attack might have led directly to a Korean war. At that time the nuclear crisis solutioned by North Korea-United States negotiation and ROK-United States alliance. PSI's purpose is to prevent or at least inhibit the spread of weapons of mass destruction, their delivery systems, and related materials to and from states and non-state actors whose possession would be a serious threat to global or regional security. The most controversial activity of PSI is interdiction. North Korea has expressed grave concern over the initiative, stating that it has a sovereign right to develop, deploy, and export weapons, and that it would view any interdiction of its ships as a declaration of war. If South Korea is to execute interdiction North Korean ships expect tensions to increase dramatically on the peninsula with North Korea doing something quite provacative in response. South Korea cannot help approaching PSI with great caution, since it has to consider the ROK-United States alliance, and inter-Korean relations.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.6315-6324
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• 2015

This study analyses the effects of household finances on rental price of apartment in Seoul which play a major role in real estate policy. We estimate VAR models using time series data. Economy variables such as sales price of apartment in Seoul, consumer price index, hiring rate, real GNI and loan amount of housing mortgage, which relate to household finances and influence the rental price of apartment, are used for estimation. The main findings are as follows. In the short term, the rental price of apartment is impacted by economy variables. Specifically, Relative contributions of variation in rental price of apartment through structural shock of economy variables are most influenced by their own. However, in the long term, household variables are more influential to the rental price of apartment. These results are expected to contribute to establish housing price stabilization policies through understanding the relationship between economy variables and rental price of apartment.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.10
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• pp.189-198
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• 2016

In recent years, the global financial crisis has worsened the economic environment for small and medium-sized businesses. A great number of South Korean enterprises are having various managerial difficulties, such as insufficient funds, shortage of manpower and lack of market information. To overcome these difficulties, many experts have suggested plans to encourage cooperation among small businesses, and such cooperation has provided diverse services to complement the insufficient capabilities of the individual companies. In spite of the efforts made by government to incite cooperation, however, the businesses themselves have displayed a lack of willingness to such cooperation. Cooperation requires a series of complicated and interdependent processes and, thus, governmental support alone cannot guarantee the necessary willingness to cooperate among small businesses. This research empirically analyzed how cooperative and creative leaderships influence the willingness to cooperate among corporate members. We also empirically studied how relationships among corporate members vary in accordance with their absorptive capacity.

• Journal of the Korea Society for Simulation
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• v.25 no.4
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• pp.93-108
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• 2016

Electric vehicle car sharing (EV-sharing) system is noted as an eco-friendly system of transportation in global warming crisis and has been practically implemented in some cities around the world. However, methodologies to find the efficient operation conditions of EV-sharing systems reflecting a typical characteristic 'charging' have not been fully investigated yet. In the paper a generalized model has been developed to identify optimal level of infrastructure for EV-sharing system which provides the optimum operation efficiency under service level constraints. From the simulation analysis based on the developed model the relationships between the operational variables to describe EV-sharing system have been identified and optimal capacity to maximize the operational efficiency have been found. From the analysis of simulation results it has been found that increases in the number of vehicles and chargers improve the service level until certain value beyond which increasing rate and the efficiency have been reduced. From the cost-revenue analysis the optimal numbers of vehicles and chargers have been identified which maximizes the annual operational profit.

• Journal of the Korean Society for Railway
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• v.20 no.3
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• pp.382-388
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• 2017

In response to the global warming crisis, the Kyoto protocol was established by major developed countries in 1997. The Paris Agreement, which imposes a carbon reduction obligation for both developed countries and developing countries, was signed in 2015. Regulations and efforts to reduce greenhouse gas emissions accordingly have been implemented. In this study, we analyzed the reduction of carbon emissions computerizing of the traditional project management system for efficient railway construction at Korea Rail Network Authority. We suggest a model that measures two major effects of carbon reduction, stemming from transportation and from a decrease of paper use. In this paper, we calculate the amount of carbon reduction and the economic effect of carbon reduction with application of the construction project management system at Korea Rail Network Authority. The model and methodology in this study are expected to be helpful to measure the carbon reduction performance for similar e-transformation.

• Journal of Soil and Groundwater Environment
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• v.14 no.3
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• pp.22-31
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• 2009

Recently use of renewable energies such as geothermal energy for space heating and cooling is increasing in Korea due to energy crisis and global warming. Ground source heat pump (GSHP) is known as one of the most environment-friendly HVAC (heating, ventilation and air-conditioning) systems in the world. However, some potential effects caused installation and operation of the GSHP systems on soil and groundwater environment are reported. The potential effects are closely related with inappropriate installation, operation and closure of the GSHP systems. In this paper, possible effects of the GSHPs on soil and groundwater environments are reviewed.

• Journal of Digital Convergence
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• v.19 no.10
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• pp.163-173
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• 2021

The purpose of this study was to explore a support model for domestic ICT companies to advance into overseas markets suitable for the post-corona era along with the rapidly changing global economic situation. As a result of the analysis, first, by analyzing the internationalization cases of domestic ICT companies through the realization theory, in the COVID-19 situation, domestic ICT companies organically respond to crisis situations through ad hoc responses, use of international networks, use of external organizations, and resource-based practices. Through qualitative analysis, we were able to confirm that we are growing overseas while achieving our goals. In addition, strategies for domestic ICT companies to grow through internationalization were derived. Ultimately, it was interpreted as a part that required advancement of government policy according to the government's overseas expansion support system.

• Journal of the Economic Geographical Society of Korea
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• v.24 no.1
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• pp.102-121
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• 2021

Financial geography is an evolving subdiscipline in economic geography. This paper identifies and reviews three important 'waves' constitutive of the current state of financial geography: including the 'first' wave before 1990s when finance was regarded as a byproduct of the over-accumulation process in production sphere in the Marxist geographical political economy tradition; the 'second' wave in the mid-1990s during which financial geography was firmly established as a subdiscipline, influenced by the cultural turn and poststructuralist thoughts; and the most recent 'third' wave after the 2008~2009 global financial crisis that urged financial geographers to take power and politics more seriously and 're-politicize' with the analytical ideas of governmentality and financial subjectification from a neo-Foucauldian perspective. These waves have helped financial geography become a practice-oriented academic discourse, in which different philosophical thoughts, foci of analytical level and object, renditions of the subject, perceptions of power and politics, and geographies of finance and financialization coexist and also compete and contest one another.

• International Area Studies Review
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• v.15 no.2
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• pp.3-23
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• 2011

Existing studies have argued that, compared to the 1990s, the Japanese foreign direct investment (FDI) in the 2000s became multi-faceted in terms of investment motivation, ownership structure and entry mode, and diversification strategy. We have conducted a cross-sectional analysis and compared our results with the recent findings. We have found that the Japanese FDI in the mid 2000s became globally focused and regionally diversified. Ownership strategy and entry mode of the Japanese FDI in the Asian countries shows a remarkable shift from joint venture to wholly-owned subsidiary. In contrast, the preference of greenfield investments was observed consistently across regions. It seems that, after the Asian financial crisis, the Japanese firms began to re-optimize global FDI strategy and to regionally differentiate investments.