• Land and Housing Review
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• v.6 no.4
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• pp.185-193
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• 2015

Since the introduction of New Towns in Seoul MSA, land price has steadilly been risen due to the financial burden of constructing metropolitan transportation facilities. Despite metropolitan transportation facilities are utilized by New Towns as well as its surrounding area, the current situation is that most of the burdens, which is supposed to be shared with local governments, fall to developers. This study, with the case of Dongtan New Town, is to deduce rational structure of cost-sharing by the analysis of travel demands of metropolitan transportation facilities. Also, for the financing of the cost, the application methods of TIF(Tax Incremental Financing) have been suggested. The results showed that the proportion of travel which origins from New Town was 35.1%, which results in 800 billion won for the share of local government. For financing this amount of the cost, at least 20 years of financial period and the rate of 2% increase of real estate are needed in operating the TIF.

• Korean Journal of Construction Engineering and Management
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• v.19 no.2
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• pp.96-106
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• 2018

The government adopted activation policy of real estate to overcome low economic growth rate. Real estate activation plan adopted by the government raised credit limit by lowering the regulation, and reduced real estate investment cost by reducing the base rate. Also, delayed transfer tax on multi-house owner to activate real estate investment and resolved purchase right resale. Relief of real estate regulate caused increase of housing sales and price increase, and the real estate market changed to overheating aspect such as premium upon completion of lot sale in a short time. Such market atmosphere greatly increased household debs as owners own houses based on 'financial debt' instead of their income. Since 2017, real estate policy was reinforced to reduce household debts and lending rate was raised due to rise of base rate, accordingly, burden of household debt is expected to increase. This research suggested a plan for the Financial Supervisory Service to efficiently manage the financial world by analyzing the cause and problem of household debs.

• Korean Journal of Construction Engineering and Management
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• v.14 no.5
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• pp.12-25
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• 2013

Unsold new houses have increased before the financial crisis, and have steadily accumulated since domestic diffusion ratio of house exceeded 100%. From a long term point of view, it is important to liquidate unsold new houses and raise funds from the capital market till the housing market recovers because the accumulation of unsold new houses is a financial burden to the construction company and for that reason, the housing policies to support the liquidity of unsold new houses must be consistently available means. Therefore, the purpose of this study is to analyze the effectiveness of government's policy to support the liquidity of unsold new houses using CR-REITs from among these policies with system dynamics. Using the system dynamics model, this study finds the significance and limitation of the policy to liquidate unsold new houses using CR-REITs and suggests the measures to improve the policy.

• Asia-Pacific Journal of Business
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• v.14 no.2
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• pp.51-61
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• 2023

Purpose - Since COVID-19, the government's expansion of liquidity to stimulate the economy has resulted in an increase in private debt and an increase in asset prices of such as real estate and stocks. The recent sharp rise of the US Federal fund rate and tapering by the Fed have led to a fast rise in domestic interest rates, putting a heavy burden on the Korean economy, where the level of household debt is very high. Excessive household debt might have negative effects on the economy, such as shrinking consumption, economic recession, and deepening economic inequality. Therefore, now more than ever, it is necessary to identify the causes of the increase in household debt. Design/methodology/approach - Main methodology is regression analysis. Dependent variable is household loans from depository institutions. Independent variables are consumer price index, unemployment rate, household loan interest rate, housing sales price index, and composite stock price index. The sample periods are from 2017 to May 2022, comprising 72 months of data. The comparative analysis period before and after COVID-19 is from January 2017 to December 2019 for the pre-COVID-19 period, and from Jan 2020 to December 2022 for the post-COVID-19 period. Findings - Looking at the results of the regression analysis for the entire period, it was found that increases in the consumer price index, unemployment rate, and household loan interest rates decrease household loans, while increases in the housing sales price index increase household loans. Research implications or Originality - Household loans of depository institutions are mainly made up of high-credit and high-income borrowers with good repayment ability, so the risk of the financial system is low. As household loans are closely linked to the real estate market, the risk of household loan defaults may increase if real estate prices fall sharply.

• Journal of the Korean Society of Industry Convergence
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• v.23 no.2_2
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• pp.209-218
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• 2020

Various studies and business investments have been performed on UAV in the field of spatial information industry, and it is judged that this industry has being evolved into an expansion stage as a legalization progresses. In addition, public institutions such as Korea Land and Geospatial Information Corporation, Korea Expressway Corporation, and Korea Land and Housing Corporation which have relatively much utilized spatial information work have entered into the stage of settling with active introduction for reasons of work efficiency and business management. However, surveying drones are still classified as expensive equipment, which is a burden on general business application and technology popularization. Moreover, the stabilization of reliability of various location information acquired from UAV is a part of ongoing research and supplementation. Therefore, in this study, to use image information acquired from low-cost UAV as reliable spatial information data, the flight altitude was changed and compared with the result of double transverse flight with conventional photographing technique. As a result, there was no change in the result value at low altitude, but the result showed more than 30% accuracy and accuracy improvement for the X, Y value at the altitude of 130m or higher than the conventional method.

• Explosives and Blasting
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• v.13 no.4
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• pp.5-27
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• 1995

Korea-America tungsten treaty is not only Earnning Us Dollar but also it was turnning point of tunnelling technology development such as a burn cut. Because 10th of specialist worked at Sangdong mine under treaty. The first of all, Experimental blasting pattern for single free face carried out. As a result it has brought the burden and $charge/m^3$ and also space distance. After the center holes are blasted. Remain of the works was the implementation of bench cut against the openning to make the full sectional are required. $Ca=\frac{A}{SW}$ where as A =ndi=m activated area S = Peripheral length of Charged room Ca = Rock Coefficient di=Holes diameter Later in 1980, The Oynaite Explosive is Replaced into Emulsion & Milli-Second Delay Electric Cap. Seqential Blasting machine were Applied in the Site. The Subway Tunnelling have been worked so Carefully for Vibration and Noise to near Shopping and housing area. We carried out Empirical formula to solve city Envoirement pollution as follow For Granite: $V=KW^{0.57}D^{-1.75}$ For Granite : $V=KW^{0.5}D^{-1.5}$ V=PPV(cm/sec) K=Coefficency D=Distance(m) W=Amount of power/delay(kg)

• Journal of Families and Better Life
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• v.27 no.1
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• pp.1-16
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• 2009

Using the 2007 Fund Investors Survey, we investigated (1) the differences in economic status in terms of household income, consumption, saving, assets and debts, (2) the differences in financial management behavior, (3) and the differences in confidence in economic status after retirement between households conducting and not-conducting financial preparation for retirement. The major study findings were as follows. First, only 46.4% of the households were financially preparing for retirement. The levels of income, consumption, and saving were higher among households conducting financial preparation for retirement than among those not-conducting such financial preparation. Second, households conducting financial preparation for retirement had a relatively high propensity to save. Their financial asset portfolio had a higher weight in safety assets and investment assets than in retirement assets. Due to their lack of confidence in their economic status after retirement, their demand for financial preparation for retirement remained. Third, the households which did not conduct financial preparation for retirement tended to have a relatively heavy debt burden and not to implement general household financial management practices. Fourth, among the three-pillar retirement income system, the second pillar, of individual retirement account was not well established. Based on these results, various implications were suggested.

• Journal of the Korean Institute of Rural Architecture
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• v.6 no.2
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• pp.65-78
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• 2004

Transformation of housing space is the most accurate physical trail to understand main needs from residents. The scope of the study targeted the 7 si & gun districts in Gyeongsangnam-do, this study is designed to consider the characteristics of space transformation in rural apartment houses and provide basic materials for the development of rural apartment houses. The results of the study are as follow. First, such spaces as corridor and stairway are transformed into storages and outside the houses are installed tap water facility, bicycle storage. and toilet. Second, in autumn seasons when crops and grains are harvested, parking lot and rooftop are used as the space drying such agricultural products. Third, space transformation within the houses has been different depending on family type and main businesses in terms of function and time to seek efficiency and stability of residence. Fourth, rural residents concentrate on a simple change of space usage and replacement of ageing or dilapidated equipment and facilities rather than space transformation incurring more financial burden.

• Journal of the Korean Regional Science Association
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• v.14 no.2
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• pp.1-33
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• 1998

Whereas previous researches on land policy after unification dealt with principally the problem of land confiscation under the communist reign, this research tried to propose a scheme of long-term land reform which was based on case studies on ex-socialist societies' experiences during their transformation, analysis on North Korea's institution related to land ownership and use. To reform North Korea's land ownership and use by the principle of market economy, North Korean should accumulate their commencing asset necessary for private ownership of land and housing. Therefore much focus should be put on the accumulation of the commencing asset at the early state of unification. On the extension of that line, the government of the Unified Korea should try to solve the problem of land confiscation by the communist party and land privatization in the region of North Korea. For the purpose, gradual land reform is more desirable than rapid one according to the case studies on ex-socialist societies. The government should avoid policies than can result in serious fiscal burden. Active participation of local government is highly recommendable in land tax and development. On the direction of land policy, this research proposed a four step long-term scheme of land reformation in North Korea. However, later researches should put more Korea. However, later researches should put more emphasis to the unification of land institution of North and South Korea which this research couldn't deal with sufficiently.

• Health Policy and Management
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• v.20 no.3
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• pp.104-122
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• 2010

Long-term care insurance has been introduced in Korea a year ago, and we are in a stage requiring to set principles regarding the generosity of coverage and how to gradually extend the coverage. This study empirically analyzes how the long-term care insurance in Korea is operated. Special attention is given to who is the main beneficiary of the long-term care insurance introduction, and what is the factors influencing the elderly's decision to apply for or use long-term care services. Use of a detailed information of individuals' public health insurance and long-term care insurance from administration data made it possible to control for health status, socioeconomic status including family type, housing tenure, income level. Logit models were employed to analyze the effects of various socioeconomic factors on the likelihood of applying and using long-term care services. Also, this study employed a survey questioning whether to ever willing to take other option as a alternative to residential care or home-care and the level of cash benefit for which they are willing to replace the formal care with informal care. The result indicated that although the poorest elderly population groups are in the greatest need for the long-term care service, they are in difficulty using the service due to economic burden. This implies the copayment amount needs to be adjusted in order for the poor elderly group to be able to get the benefit of the long-term care service.