• Environmental and Resource Economics Review
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• v.14 no.2
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• pp.493-518
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• 2005

It has been taken for 10 years since Climate Change Convention could it be made. And Kyoto Protocol will come into force as an international law as from 16. Feb 2005. As based on it, Annex I countries will implement their mitigation projects on GHG reductions and press developing countries on GHG reduction target. Korea has not duty target on it yet. But it will be held a COP(Conference of Party) on negotiation for reduction target of second commitment period. If Korea has a real duty, Industry sector should reduce GHG emissions. Then Market mechanism will be need to introduce for this. This study started having a question "Is it possible to introduce emissions trading in Korea?". To solve the problem, this study analysed GHG emissions, marginal abatement cost, market price with 11 companies of industry (about 36% of Korea emissions). minus target is impossible to implement reduction target ver base year (2002). And emissions trading scheme also can't make the market without additional policy and measures. This study suggest that it is need to import credits and give a subsidy of government to encourage it. The imported credit can reduce the demand curve within the marginal abatement cost curves. But the effectiveness of credit is not the same as continually growth. As a result, Allowing 40% credit into emissions trading market is the best to reduce costs. However, a subsidy is the little bit difference. A subsidy make marginal abatement cost curves down for itself. Giving 30% for subsidy, it is the best. Considering both of importing credits and subsidy, it is the best effects in the reducing cost for company. especially 30% is the best effects respectively. This Study show that government wants to consider designing emissions trading, encourage participants competitiveness, and encourage the early action, government has to allow credit trading and give a subsidy to participants.

• Journal of Technology Innovation
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• v.22 no.4
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• pp.199-233
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• 2014

This paper attempts to investigate how and why the additionality effects occur in the case when a firm receives government subsidy as opposed to counterfactual situation. To demonstrate this, we selected 12 SMEs(small and medium enterprises) firms in Daejeon area and have conducted multiple case studies. In order to analyse the multiple cases of firms, we classified firms innovative activities into three stages which are composed of input, behaviour and output stages and related various factors. Furthermore, we investigated the differences according to types of firms and stages of firm growth. Empirical results show that various input, behaviour and output additionality effects exist when firms receive public subsidies. Compared to companies in the growth and mature stages, startup phase companies depend on government subsidy extensively and they use public subsidies strategically to develop new product and to change their strategic direction. The attitude of firms to use government subsidies is different according to their types and stage of growth as well.

• Journal of Technology Innovation
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• v.5 no.1
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• pp.206-222
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• 1997

The conventional analysis with which justifies government intervention of the private sector's innovation activities is the market failure approach. According to such analysis, fund allocation through autonomous market mechanisms is not optimal in technology financing because of the disparity between the desirable level of investment for society as a whole and that for private firms. To optimize the fund allocation, public policies such as subsidy, preferencial loan and venture capital investment programs are designed for technology development projects performed by private firms. They, however, have not been effective in increasing private investment for such projects. In most cases, it was found that little considerations given to the relationship between uncertainty embodied in technology development projects and each types of financing. With respect to optimizing fund allocation, technology development projects should be financed by different means according to their probability of success and the expected value of technology. Employing various theoretical models on financing decision-making we verify here that technology development projects to be supported by commercial banks or venture capital institutions is limited contingent upon levels of uncertainty adn expected value. Under the assumption that financial institutions are risk averse, loan or investment can be available only if the probability of success of the project is higher than the probability premium and the current market rate of interest. Therefore, the projects that have lower probability of success and/or small expected return are excluded from commercial loan or investment programs. However, the remaining projects, whose probability of success is low but with high expected return, may be applied under government subsidy programs. To achieve optimality of fund allocation and to activate technology financing, we conclude that there should be a systematic division of role among financial institutions including government commercial banks, and venture capital institutions.

• International journal of advanced smart convergence
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• v.10 no.1
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• pp.117-124
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• 2021

Based on a result of we research and analysis of this study, it was analyzed that the average annual cremators number using E-Haneul Funeral Information System among the five public cremation facilities in Jeollabukdo was 9,713 in total before the opening of public creation facilities in Jeongeup City (2013-2015), while the number was 12,159 after the opening of public cremation facilities in Jeongeup City (2016-2019); the number was increased by 2,446, compared to the opening period (2013-2015), with a large increase rate of 25.2%. In addition, the average annual cremation rate before the opening of public cremation facilities in Jeongeup City (from 2013 to 2015) was 71.6%, but the average annual cremation rate during the period after the opening (from 2016 to 2019) was 81.5%, which was a large increase rate of 9.9% compared to period before the opening of the facilities. Based on research results above, we have presented policy suggestions in order to increase the efficiency of operation and management of public cremation facilities by local governments as follows. First, in order to prepare for the increase in demand for cremation due to the increase in cremators number, a policy promotion for the expansion of "public cremation facilities" should be carried out as soon as possible, focusing on local governments whose supply has reached the limit. Second, in order to support the expansion and construction of public cremation facilities, the government subsidy rate and government subsidy at the level of current 70%, provided by the central government, should be further expanded. Third, overcoming theNIMBY conflict overlocation for public cremation facilities, theutilization rate should be enhanced, through the joint construction and facility operation of the public cremation facilities between local governments, and the ef iciency of the project implementation should be improved through the jointsharing of the facility operation cost.

• Asia-Pacific Journal of Business
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• v.12 no.3
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• pp.175-192
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• 2021

Purpose - In this study, we investigate the effects of government environmental subsidies and the globalization Chinese firms on their profitability using return on assets (ROA). Design/methodology/approach - In this study, a merged data including accounting, financial market, subsidization of the Chinese governments, local and the central, and export activities of 19,563 year-firms, for those listed on Shanghai Stock and Shenzhen Stock Exchange for 11 years from 2008 to 2018 is used. We collect subsidy data from RESSET database and financial data from CSMAR database. Then, we empirically test the test hypotheses using fixed effects models (FEM) separately and in a simultaneous equation model (SEM). Findings - Firstly, the globalization of Chinese firms has a negative impact on their profitability for some years after the year. Secondly, environmental subsidies just like other subsidies have ameliorating effects on financial performance for global firms. Such effects have lasted some years. Thirdly, environmental investments have a mostly negative impact on short- and long-term profitability for global firms. Lastly, the government's environmental subsidies in China have a positive effect on their profitability for both global and domestic firms. Research implications or Originality - We can infer that environmental investments with the help of the governmental subsidies can help Chinese firms deploy global strategies to expand markets to surpass competitors in the long run despite worsening profitability in global markets in the short run.

• Journal of Technology Innovation
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• v.9 no.1
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• pp.37-75
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• 2001

Technological systems are defined as network(s) consisting of technological infrastructure, industrial organization, and institutional infrastructure. This paper reviews SEMATECH in the U.S. and VLSI Program in Korea as a technological system for semiconductor, which is an advanced technology. Several issues are addressed : how did they get started\ulcorner ; how have they been evolved\ulcorner ; how have the actors and institutions within the system interacted\ulcorner ; what role has the government played in that process\ulcorner Both systems were created by their government, respectively, and they have been evaluated as successful. However, while SEMATECH became complete eough in terms of technological infrastructure, industrial organization, and institutional infrastructure to generate sufficient increasing returns to develop in a self-reinforcing way, a series of VLSI program in Korea is still operated discontinuously under the government subsidy. SEMATECH is more flexible and stable than Korea's VLSI program in that the system has a centralized structure and has been managed and staffed by industry substantially. In addition, both cases show that a technological system may evolve having connections with foreign technological systems and local sub-systems beyond nations, regions and industries. Many other similarities, contrasts, and insights for technological policy from each country's experiences are presented.

• Korean Journal of Agricultural Science
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• v.38 no.3
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• pp.559-569
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• 2011

Korean government has introduced various programs to support exporters for the promotion of agro-food, including subsidizing the part of cost of transportation which is one of main supporting programs welcomed by exporters. However, the circumstance of global trade requires the change of government policy to promote exportation. The goal of this paper is to conduct the survey to analyze the recognition of agro-food exporters about the current promotion programs, and to suggest the findings to improve the Korean government program. The survey was conducted for 200 Korean agro-food exporters and 55 samples were taken for analysis. The results of analysis suggests followings: First, most of exporters still prefer the direct subsidy program, Second, however, many exporters also understand the necessity of the program to enforce the infrastructure for exportation and require that program, which will be the main promotion program in Korea.

• Korea Trade Review
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• v.43 no.4
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• pp.111-130
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• 2018

In December 2015, the Paris Agreement was adopted to cope with global warming caused by greenhouse gas emission and to prevent the average temperature of the Earth from rising. Renewable energy sources have become important to address environmental problems such as rising sea levels, depletion of forests and fine dust. In order to grow renewable energy, government support is needed. However, excessive government support for the renewable energy industry could pose problems that include undermining fair competition and raising costs. The WTO already has heard cases involving renewable energy subsidies. This article focuses on subsidies and countervailing tariffs as well as examines WTO disputes related to renewable subsidies, and also analyze legal issues that are problematic in granting subsidies for the development of new renewable energy industries. In WTO dispute involving renewable energy subsidies, legal issues are SCM Agreement article 2 Specificity, article 3 (b) import substitution subsidy and GATT article 20. This paper proposes improvement measures such as the reintroduction of article 8 Non-Actionable Subsidies or special provisions on energy subsidy. In addition, it is necessary to clarify the interpretation of Article 3 of the subsidy agreement. However, excessive government subsidies can lead to trade friction, so the WTO rules should be improved in line with the WTO goals of environmental protection, equity in free trade, and sustainable development.

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.698-702
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• 2010

While past traffic laws have focused on solving problems related to traffic congestion, the current legislation must play a role in reducing the social cost of solving traffic problems by forecasting future issues based on current traffic situations, setting goals in advance, and leading the traffic modal choice-trend. This paper verifies that the bimodal tram should be an alternative means of public transportation and proposes ways to introduce and promote it based on a government subsidy and the modification of traffic laws.

• Journal of the Korean Operations Research and Management Science Society
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• v.11 no.2
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• pp.69-78
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• 1986

The outlook for the Civil Service Pension (CSP) program in Korea indicates several problems. First, the balance of the benefit among the pension recipients is not well maintained. Second, the program is running out of funds as benefit increases exceed the growth in revenues. In this article, we analyze these problems by using linear programming model and discuss the alternatives. We propose an addition of the age limit to the benefit eligibility and a reconsideration of the government subsidy's level.