• Journal of Korean Society of Forest Science
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• v.106 no.4
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• pp.473-479
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• 2017

This study is to analyze differences in gross income between only forestry and agroforestry. In addition, cost structure and management performance on poultry farming was surveyed. The study sites were three forestry households located in Chungju, Kyungsan and Hwacheon. The method of its management performance were conducted by interview. And, survey items of the performance were operating expenses items and gross income items in 2015. As a result of study, gross income of Chungju business model was 25,608,000 won. The operating cost was 20,217,571 won so that the net income was 5,390,429 won. In case of Gyeongsan, gross income was 33,950,000 won and the operating cost was 18,655,714 won. Thus, the net income was 15,494,286 won. Hwacheon business model showed that gross income was 31,850,000 won, the operating cost was 13,143,000 won. Thus, the net income was 18,707,000 won. And, break-even point of sale volume, which meets cost, was 617 chicken in Chungju, 125 chicken in Gyeongsan, and 63 chicken in Hwacheon. In terms of selling cost-per-production ratio, Chungju business model was 79%, Kyungsan was 55% and Hwacheon was 41%. The results of this study indicates that margin ratio per chicken was 21% in Chungju, 45% in Kyungsan and 59% in Hwacheon. On Agroforestry, increasing rate for gross income was evaluated by 16% in Chungju, 18% in Gyeongsan and 11% Hwacheon.

• Korean Journal of Agricultural Science
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• v.49 no.3
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• pp.619-627
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• 2022

In Korea, apples and pears are among the most important agricultural products to farmers who seek to earn money as income. Generally, farmers make decisions at various stages to maximize their income but they do not always know exactly which option will be the best one. Many previous studies were conducted to solve this problem by predicting farmers' income structure, but researchers are still exploring better approaches. Currently, machine learning technology is gaining attention as one of the new approaches for farmers' income prediction. The machine learning technique is a methodology using an algorithm that can learn independently through data. As the level of computer science develops, the performance of machine learning techniques is also improving. The purpose of this study is to predict the income structure of apples and pears using the automatic machine learning solution H2O.AI and to present some implications for apple and pear farmers. The automatic machine learning solution H2O.AI can save time and effort compared to the conventional machine learning techniques such as scikit-learn, because it works automatically to find the best solution. As a result of this research, the following findings are obtained. First, apple farmers should increase their gross income to maximize their income, instead of reducing the cost of growing apples. In particular, apple farmers mainly have to increase production in order to obtain more gross income. As a second-best option, apple farmers should decrease labor and other costs. Second, pear farmers also should increase their gross income to maximize their income but they have to increase the price of pears rather than increasing the production of pears. As a second-best option, pear farmers can decrease labor and other costs.

• Asian-Australasian Journal of Animal Sciences
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• v.10 no.6
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• pp.621-628
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• 1997

This study aimed to quantify the impact of crossbreeding at farm level, in mixed farm systems in Gujarat. Households with crossbred cattle did not differ from households without crossbreds in terms of farm resources, crop gross margins and off-farm income. The use of crossbred animals did increase livestock gross margins by 64% and household income by 22%. The three agro-ecological zones included in this study differed considerably according to farm system and household income. However, in all three zones, households with crossbreds had higher livestock gross margins than households without crossbreds. There was no real difference in work load and labour division between households with and without crossbreds. There was also no difference in the use of bullocks for draught purposes between the two types of households. In particular buffaloes are being replaced by crossbred cattle. There was a large variation in farm income, largely because of land area. The milk offake per average cow and the number of buffaloes also related positively to farm income in both types of households. Crossbreeding has proved technically and financially viable in different Gujarat mixed farming systems. It can be concluded that crossbreeding is an important development option for landless farmers.

• Journal of the Korea Safety Management & Science
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• v.11 no.4
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• pp.147-152
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• 2009

As a results of comparing with fire occurrences and gross national income(GNI), annual fire increasing rate has been 5.6%, and that of GNI has been 11% for the past 55 years. As GNI shows 5.4% higher than fire occurrences, economy growing rate is faster than that of fires. In addition, study has been done every 10 years from 1950's to 2000's. Fire occurrences increase twice as much annually and GNI increases above 3.3 times as much.

• Korean Journal of Environmental Agriculture
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• v.38 no.3
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• pp.145-153
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• 2019

BACKGROUND: The 'Gamhong' cultivar, middle season apple with big fruit size and high soluble solid content, has been bred in Korea. However, it was hard to cultivate the cultivar in Korea by serious bitter pit. The relationships between shoot growth, fruit size, and bitter pit may be affected by crop load. This study was conducted for 2 years (7~8 years after planting) to investigate vegetative growth, fruit quality, bitter pit incidence, return bloom, and gross income for optimum crop load of 'Gamhong'/M.9 adult apple tree. METHODS AND RESULTS: The crop load was assigned to 4 different object ranges as follow: 45~64, 65~84, 85~104, and 105~124 fruits per tree. The vegetative growth, average fruit weight, percentage of fruits heavier than 375 g, soluble solid content, and return bloom increased significantly at the crop load range of 45~64 fruits. However, the lowest total gross income per tree may have been caused by the highest bitter pit incidence and the lowest yield per tree in any other crop load range. The total gross income and yield per tree increased significantly at the crop load range of 105~124 fruits and return bloom dropped to 40%, and hence it was possible to occur biennial bearing. It was 85~104 fruits that biennial bearing did not occur and total gross income was as high as the crop load range of 105~124 fruits. Also, the yield of high grade fruits per tree, with fruit weight of 400~499 g and none bitter pit on fruit surface, was highest at the crop load range of 85~104 fruits, compared to other crop load range. CONCLUSION: In considering fruit size, bitter pit incidence, return bloom, and gross income, the optimum crop load range of 'Gamhong'/M.9 adult apple tree in high density orchard was 85~104 fruits per tree.

• Korean Journal of Organic Agriculture
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• v.20 no.2
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• pp.143-159
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• 2012

Agricultural income is calculated with producer price, output and management cost. This study compared organic farming with conventional one for agricultural income, producer price and output by items. And then it proposed the method of item selection and crop system from a diversification point of view. The coefficient of variation to producer prices in organic farming was 4.7%, and conventional one was 30.3% because organic products have been produced in a system of contract farming with consumers' cooperative. This result means the price of organic products is stabler than that of conventional price. And agricultural income of organic farming has been generally known more than that of conventional one. However, agricultural gross income of conventional farming was more than that of organic one by 20.3% in 2010. It was caused by output reduction of a few items(fer example; onion, large green onion, potato and young pumpkin) due to freak weather conditions and constant producer price for several years in organic farming. In order to increase agricultural income, appropriate crop selection and system should be introduced to organic farming. A principal crop is the rice plant and 2 subordinate crops are dry crops at bare field and greenhouse respectively. Thus 5 crop systems that agricultural gross income are relatively increased larger among 15 crop systems estimated are rice+ginger+cucumber, rice+ginger+tomato, rice+large green onion+cucumber, rice+sweet potato+cucumber and rice+onion+ cucumber.

• Korean Journal of Agricultural Science
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• v.37 no.1
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• pp.143-149
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• 2010

This study analyzed the income of large scale honey bee farming of Korea. Using a questionnaire, 44 large scale honey bee farming farmhouseholds were surveyed. The average hive sizes are 258. The results are as follows. First, gross receipts of bee farming farmhouseholds are 50,342 thousand won, and it's components are honey 71%, bee selling and/or lent 26%. Second, working expenses are 23,778 thousand won that is 47% of gross receipts. Feed costs are 38.2%, material costs are 23.9%, hired labor costs are 11.0%, moving costs are 10.1%. Finally, receipts per hive are 195.1 thousand won, working expenses per hive are 23,778 thousand won, so income per hive is 103.0 thousand won.

• Journal of the Economic Geographical Society of Korea
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• v.17 no.3
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• pp.502-516
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• 2014

This study has decomposed the Gini coefficient using Korean Labor & Income Panel Study data and empirically analyzed the impact of demographic characteristics and source-specific income of householder on the household income gap using panel analysis. The scope of areas were divided into 'nationwide,' 'metropolitan areas,' and 'non-metropolitan areas,' and the period before and after the global financial crisis was examined. The analysis findings are as follows. First, when the entire period was examined by income source using Gini decomposition with division of areas into 'nationwide,' 'metropolitan areas,' and 'non-metropolitan areas', the following results were revealed. The absolute and relative contribution level of property income to the gross income was the largest in the category of 'nationwide' and 'metropolitan areas,' while the contribution level of earned income was the largest in the category of 'non-metropolitan areas'. In addition, property income worsened the household income gap the most in the category of 'nationwide' and 'metropolitan areas.' Second, property income worsened the household income gap less after the financial crisis than before the crisis. It is probably because the price of real estate skyrocketed before the global financial crisis, worsening the household income gap, whereas the price drop after the crisis temporarily alleviated the gap. Third, a correlation analysis revealed that households with older householders whose education is high school graduation or below had relatively low gross income, and households with higher source-specific income, especially earned income, had relatively high gross income. Fourth, when the household income determinants were compared through panel analysis with division of areas into 'nationwide,' 'metropolitan areas,' and 'non-metropolitan areas,' the following results were obtained. While the impact of earned income, financial income, and other incomes was greater in non-metropolitan areas than in metropolitan areas, the impact of property income was greater in metropolitan areas than in non-metropolitan areas. To reduce the income gap, the government should impose higher taxes on the high-income class and provide tax benefits to the low-income class, with efforts to create a wide variety of jobs. In addition, since income inequality gets worse as the proportion of incomes generated through asset holdings becomes higher, the government should focus on stabilizing property prices while paying attention to the regional differentiation when carrying out related policies.

• Journal of Labour Economics
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• v.40 no.3
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• pp.57-77
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• 2017

To prevent the disincentive of labor supply under the current welfare system, we suggest the safety income system, a Korean version of negative income tax. Under the proposed system, for example, a household with four members whose annual income is less than 50 million wons will get financial support from the government. Under the safety income system, labor supply increases and so does the gross domestic product. The disposable income of low-income households increases, which alleviates the income gap among households. Analyzing the Household Income and Expenditure Survey data, we show that under the safety income system the disposable income differentials among households are reduced much more than under the current welfare system or under the universal basic income system.

• Management & Information Systems Review
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• v.22
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• pp.137-165
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• 2007

It seems high time to increase productivity by adopting e-business to overcome challenges posed by both external factors including the appreciation of Korean won, oil hikes and fierce global competition and domestic issues represented by disparities between large corporations and small and medium enterprises (SMEs), Seoul metropolitan and local cities, and export and domestic demand all of which weaken future growth engines in the Korean economy. The demands of the globalization era are for innovative changes in businessprocess and industrial structure aiming for creating new values. To this end, e-business is expected to play a core role in the sophistication of the Korean economy through new values and innovation. In order to examine business performance in e-business-adopting industries, this study analyzed the home shopping industry by closely looking into the financial ratios including the ratio of net profit to sales, the ratio of operation income to sales, the ratio of gross cost to sales cost, the ratio of gross cost to selling, general and administrative (SG&A) expense, and return of investment (ROI). This study, for best outcome, referred to corporate financial statements as a main resource to calculate financial ratios by utilizing Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service, one of the Korea's financial supervisory authorities. First of all, the result of the trend analysis on the ratio of net profit to sales is as following. CJ Home Shopping has registered a remarkable increase in its ratio of net profit rate to sales since 2002 while its competitors find it hard to catch up with CJ's stunning performances. This is partly due to the efficient management compared to CJ's value of capital. Such significance, if the current trend continues, will make the front-runner assume the largest market share. On the other hand, GS Home Shopping, despite its best organized system and largest value of capital among others, lacks efficiency in management. Second of all, the result of the trend analysis on the ratio of operation income to sales is as following. Both CJ Home Shopping and GS Home Shopping have, until 2004, recorded similar growth trend. However, while CJ Home Shopping's operating income continued to increase in 2005, GS Home Shopping observed its operating income declining which resulted in the increasing income gap with CJ Home Shopping. While CJ Home Shopping with the largest market share in home shopping industryis engaged in aggressive marketing, GS Home Shopping due to its stability-driven management strategies falls behind CJ again in the ratio of operation income to sales in spite of its favorable management environment including its large capital. Companies in the Group B were established in the same year of 2001. NS Home Shopping was the first in the Group B to shift its loss to profit. Woori Home Shopping has continued to post operating loss for three consecutive years and finally was sold to Lotte Group in 2007, but since then, has registered a continuing increase in net income on sales. Third of all, the result of the trend analysis on the ratio of gross cost to sales cost is as following. Since home shopping falls into sales business, its cost of sales is much lower than that of other types of business such as manufacturing industry. Since 2002 in gross costs including cost of sales, SG&A expense, and non-operating expense, cost of sales turned out to have remarkably decreased. Group B has also posted a notable decline in the same sector since 2002. Fourth of all, the result of the trend analysis on the ratio of gross cost to SG&A expense is as following. Due to its unique characteristics, the home shopping industry usually posts ahigh ratio of SG&A expense. However, more than 80% of SG&A expense means the result of lax management and at the same time, a sharp lower net income on sales than other industries. Last but not least, the result of the trend analysis on ROI is as following. As for CJ Home Shopping, the curve of ROI looks similar to that of its investment on fixed assets. As it turned out, the company's ratio of fixed assets to operating income skyrocketed in 2004 and 2005. As far as GS Home Shopping is concerned, its fixed assets are not as much as that of CJ Home Shopping. Consequently, competition in the home shopping industry, at the moment, is among CJ, GS, Hyundai, NS and Woori Home Shoppings, and all of them need to more thoroughly manage their costs. In order for the late-comers of Group B and other home shopping companies to advance further, the current lax management should be reformed particularly on their SG&A expense sector. Provided that the total sales volume in the Internet shopping sector is projected to grow over 20 trillion won by the year 2010, it is concluded that all the participants in the home shopping industry should put strategies on efficient management on costs and expenses as their top priority rather than increase revenues, if they hope to grow even further after 2007.