• Journal of Environmental Science International
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• v.24 no.9
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• pp.1139-1144
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• 2015

The gross domestic product(GDP) measures the welfare of a nation's economy through the aggregation of products and services produced in a nation. Although GDP is a proficient measure of the magnitude of the economy, many economists, environmentalists, and citizens have recently criticized the gross domestic product. The criticism stems from the fact that this measurement of domestic product does not account for environmental degradation and resource depletion. We need to estimate the environmentally adjusted net domestic product. The gross domestic product was 913 trillion won while environmental protection expenditure was 32.9 trillion won by monetary accounts of Korea, 2010. Loss of natural assets was 76.6 trillion emwon by emergy analysis of Korea, 2010. The Green GDP was accounted for 88.0% of the GDP to 803.5 trillion won.

• Environmental and Resource Economics Review
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• v.19 no.3
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• pp.689-711
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• 2010

This study attempts to find the relationship between achievement of environmental industry and development of financial sector by analyzing cross-sectional data for OECD countries. Development of financial industry has a positive effect on environmental industry. Green financing also affects improvement of environmental quality. Demand for environmental quality is positively influenced by GDP per capita, while financial crisis has a bad effect on environmental performance. Government-led green financing in Korea has a major role in the Korean environmental policy for years. While market-oriented green financing improves the efficiency of regulation, government-led green financing may delay internalization of environmental cost due to its subsidizing effect. Further study should include systematic analysis on the scope of green financing and its qualitative attribute and fundamental causality between green financing and environmental improvement.

• Journal of Environmental Science International
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• v.25 no.10
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• pp.1381-1387
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• 2016

This study aims to establish baseline data for sustainable monitoring by applying the green city index (GCI), which is set up to evaluate the city level, to the city of Gangneung-si, which was designated as a pilot city for the Low-carbon Green Growth City project by the Ministry of Land, Infrastructure, and Transportation. The GCI was applied in the framework of European systems, while considering the social and economic status of Korea. Indicators from 7 areas-$CO_2$, energy, building, transportation, water, waste, and quality of atmosphere were analyzed, except for qualitative indicators. Results indicate that total $CO_2$ emissions were 30.8 tons per capita, or 2.2 tons per one million units of real GDP. The total final energy consumption was 0.231 TOE/capita, or 0.317 TOE per one million units of real GDP. The percentage of total energy derived from renewable resources was 0.41% and energy consumption by the building was $433.5Mwh/1,000m^2$. The total percentage of the working population travelling to work daily by public transportation (limited to bus) was 19%. Further, the total annual water consumption was $99m^3/capita$, and the water lost in the water distribution system was $0.057m^3/capita/day$. The total annual waste collected was 0.0077 ton per capita, The annual mean emission were 0.014 ppm/day for $NO_2$, 0.005 ppm/day for $SO_2$, and 0.019 ppm/day for $O_3$. The annual mean for PM10 emissions was $39{\mu}g/m^3/day$.

• Corrosion Science and Technology
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• v.10 no.2
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• pp.52-59
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• 2011

Corrosion of metallic materials occurs by the reaction with corrosive environment such as atmosphere, marine, soil, urban, high temperature etc. In general, reduction of thickness and cracking and degradation are resulted from corrosion. Corrosion in all industrial facilities and infrastructure causes large economic losses as well as a large number of accidents. Economic loss by corrosion has been reported to be nearly 1-6% of GNP or GDP. In order to reduce corrosion damage of industrial facilities, corrosion map as well as a systematic investigation of the loss of corrosion in each industrial sector is needed. The Corrosion Science Society of Korea in collaboration with 15 universities and institutes has started to survey on the cost of corrosion and corrosion map of Korea since 2005. This work presents the results of the survey on cost of corrosion by Uhlig, Hoar, and input-output methods, and the evaluation of atmospheric corrosion rate of carbon steel, weathering steel, galvanized steel, copper, and aluminum in Korea. The total corrosion cost was estimated in terms of the percentage of the GDP of industry sectors and the total GDP of Korea. According to the result of Input/output method, corrosion cost of Korea was calculated as 2.9% to GDP (2005). Time of wetness was shown to be categories 3 to 4 in all exposure areas. A definite seasonal difference was observed in Korea. In summer and fall, time of wetness was higher than in other seasons. Because of short exposure period (12 months), significant corrosion trends depending upon materials and exposure corrosion environments were not revealed even though increased mass loss and decreased corrosion rate by exposure time.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.3
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• pp.1173-1180
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• 2013

The construction industry has been a major player in Korean economy growth and it has been accountable for more than 15% of GDP during the last decade. However, fast-growing construction industry has also produced some unpleasant side-effects. Environmental problems are identified one of the main issues in the Korean construction industry and they are closely related to minimizing the carbon emission and delivering environmental-friendly green products. The movement of green construction, now, is considered the next driving force for the industry which has significant impacts on the future. This research investigates this green construction while focusing on governmental policy implications such as green certificate for construction products. Green building has long been recognized as the leading green construction product and the green trends have expanded to infrastructure construction such as road construction. Therefore, this research concentrates on various green road certification processes in the United States in order to develop a framework for Korean green road certification. In doing so, some of the green roads application has also been analyzed. This research intends to provide background information for Korean green construction policies, especially on green road certification.

• Journal of Korean Society for Atmospheric Environment
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• v.29 no.5
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• pp.668-681
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• 2013

The Korean government announced a national mid-term target to reduce 30% of greenhouse gas (GHG) emissions from business-as usual (BAU) level by 2020 in a voluntary and independent manner. In this study, we examined the $CO_2$ mitigation potential and conducted an economic effect analysis of green living actions in households in Korea. We also proposed some ways to implement green life to achieve the national target. If green lifestyle takes root in households nationwide, $CO_2$ emission would be reduced to 27.3% of the emission in 2007. This would save the country about 4.93 trillion won per year and each household could save about 300,000 won per year, which accounts for about 0.5% of GDP (as of 2007). Considering the five-year plan for green growth to invest 2% of GDP in green growth every year, this would not only reduce the economic burden on households, industries and the country but also increase economic growth potential by reinvesting the saved resources into green growth. Heating and lighting would be the greatest contributor to GHG mitigation of green life in the residential sector. It means we could achieve the national goal by reducing unnecessary heating and lighting and using energy-saving electric home appliances. The implementation of green living actions would reduce a significant amount of greenhouse gas emissions, ultimately relieving the burden on businesses to reduce GHG emissions. And it is one of the most cost-effective mitigation tools in order to achieve the mid-term GHG mitigation goal.

• Environmental and Resource Economics Review
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• v.25 no.2
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• pp.179-197
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• 2016

The development of overseas resource is a driving force to secure the energy security in Korea with low sufficiency rate of energy. This paper analyzes the effect of overseas oil resource development on the economy by presenting a real business cycle model with consolidated energy price index. A linear-quadratic dynamic programming is adopted to raise computational transparency and efficiency. The analysis shows that the overseas oil resource development project during 2010 and 2012 decreases the energy price by 1.2% per annum which effect is equivalent to the positive 0.47% to the GDP. The implication calls for steady and robust support for overseas resource development projects to enhance energy resilience.

• International Area Studies Review
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• v.15 no.3
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• pp.307-324
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• 2011

The global economic crisis made most of governments to overcome the economic depression as well as the challenging tasks for global warming. It is not easy political vision to harmonize these two rabbits race, and thus it needs to be developed new paradigm for the sustainable development. Unfortunately, the traditional cost-approach based productivity could not resolve this trade-off relation. Therefore, the paper is aimed to develop new approach on the green productivity index with the DEA models in the 1st stage, and then based on these green productivity scores, the paper is analyzed the determinants of these green productivity in the 2nd stage among the G 20 countries. The empirical result shows that the effect of GDP, carbon intensity, and capital and labor intensity toward the green growth is positive on the green productivity, while the level of government efforts is not significant on the green productivity.

• Korean System Dynamics Review
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• v.15 no.2
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• pp.27-50
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• 2014

Korea government established the energy technology development plan (2011-2020) and declared to be a leader of the green energy technologies. The plan aims for 10% market share in the green energy industry, 12% energy efficiency improvement, and 15% greenhouse gas reduction. In order to achieve these goals, the government has tried to calculate the whole scale of national energy R&D investment, annual budget and specific expenditures for new technologies by computer simulation. The simulation modules include the R&D investment model, GDP model, energy consumption and $CO_2$ emission model by System Dynamics. Based on these simulation modules, I tested various scenarios for effectiveness of energy R&D investments until 2020. The results show that Korea should increase national energy R&D investment to 2.3 billion U.S. dollars, and switch the investment from electricity and nuclear power to the renewable energy.

• Journal of Korean Society of Rural Planning
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• v.22 no.4
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• pp.103-114
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• 2016

The global trade partners have been diversified and mixed in agricultural market, which is expended the international agri-food market through the Regional Trade Agreement and World Trade Organization, etc. The aim of this study is to derive influential factors for exports increases of agricultural products targeting to Association of South-East Asian Nations (ASEAN). We set the equation for agricultural products exports referred to panel gravity model considering panel fixed effect for controlling endogeneity within variables. The results of this study are the follows; (1) Social economic distance considering international oil price negatively affects in the mushroom model; (2) Korean GDP affects (-) in a mushroom model and (+) in a vegetable model, however, ASEAN's per capita GDP indicates opposite influence in the same model; (3) Relative exchange rate shows negative impact in a vegetable model; (4) The entry status into WTO and the status in force of FTA have converse effects in mushroom and vegetable model, respectively.