• Title/Summary/Keyword: Housing Stock

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An Investigation of the Delivery of Public Rental Housing in Redevelopment Site in Korea (재개발임대주택 공급제도의 도입상황 및 특징분석)

  • Park, Shinyoung
    • Land and Housing Review
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    • v.12 no.3
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    • pp.51-65
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    • 2021
  • There were strong criticisms against the joint development method: the redevelopment corporation and developers would achieve the whole development profit. The existing tenants who lost their housing in the site argued their right to reside in the site after the development was completed. There was also strong political pressure that the Roh Tae-woo governing administration should resolve the social inequality caused by the situation. In such circumstances, it was introduced that a certain proportion of public rental housing should be built in the redevelopment site; then the government took over the dwellings at a price of construction and allocated them to the existing tenants. The aims of this paper are to understand the rationale behind the inclusion of the public rental housing in the redevelopment sites; and to investigate to what extent the legislation was implemented appropriately. Although the legislation was introduced in Seoul from August 1989, it was not until May 2005 when it was implemented nationwide. At the beginning, there was an ambiguous rule that the number of public housing to be included should be limited to the number of households who would want to remain in the redeveloped site. In 2005 the Seoul metropolitan authority introduced a mandatory proportion; 17% of the total housing delivered in the site should be public rental homes. Since then the proportion. The proportion has been fluctuated by the political agenda of each ruling party: the conservative tended to reduce the proportion, whilst the opposition parties increased the proportion. Currently the proportion is 20% of the total stock to be built. Initially the size of the public housing was exceptionally small- less than 40 m2 but it has increased up to 60 m2 since 2010. The rental price was reasonably lower than market rent. The competition toward redevelopment rental housing that are vacant due to move or death of tenants was very high; it was given to one household out of nine eligible households in 2020.

Structural Changes in Rental Housing Markets and a Mismatch between Quartile Income and Rent (월세 임차시장의 구조적 변화에 따른 분위별 소득과 임대료 간의 부정합 분석)

  • JungHo Park;Taegyun Yim
    • Land and Housing Review
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    • v.14 no.4
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    • pp.17-37
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    • 2023
  • The rental housing market in South Korea, specifically monthly rent with deposit, has been expanding over the last three decades (8.2% in 1990 to 21.0% in 2020), partly replacing the traditional Jeonse market. The distribution of rent has changed due to public rental subsidies and the emergence of luxury rental housing, while the distribution of rental household income has been polarized because of the emergence of rich renters. This study attempts to measure the structural changes in the rental market by developing a new indicator of income-rent mismatch. Using the seven series of the Korea Housing Survey, this study analyzed the changes in rent (reflecting the conversion rate) and income levels of rental households in 2006 (base year) and 10-15 years later (the analysis year) at the national level and at the spatial unit of 16 metropolitan cities and provinces (excluding Sejong), respectively, by dividing them into quartile data. The result reveals that rental housing was undersupplied in middle- and high-income rental housing due to the decline in the highest quartile (25%→18%) and the third quartile groups (25%→20%), while the supply of public rental housing expanded for the second quartile (25%→28%) and the lowest quartile (25%→35) groups. On the demand side, the highest income quartile shrank (25%→21%), while the lowest income quartile grew (25%→31%). Comparing the 16 metropolitan cities and provinces, there were significant regional differences in the direction and intensity of changes in rent and renter household income. In particular, the rental market in Seoul was characterized by supply polarization, which led to an imbalance in the income distribution of rental households. The structural changes in the apartment rental market were different from those in the non-apartment rental market. The findings of this study can be used as a basis for future regional rental housing markets. The findings can support securing affordable rental housing stock for each income quartile group on monthly rent and developing housing stability measures for a balance between income and rent distribution in each region.

Study on Brand Image Evaluation for Apartment TV Advertisements (아파트 TV광고의 브랜드 이미지 평가에 관한 연구)

  • Kim, Jin-Hwa;Jeong, Jun-Hyun;Lee, Youn-Jung
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2009.04a
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    • pp.361-364
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    • 2009
  • In recent, the marketing competitions that stimulates the emotions of consumers are intensifying in the domestic construction industry due to the increase of unsold new apartments. However, there is a need for brand identity establishment through which more differentiated information can be delivered to the consumers, as each brand is focusing only on idealistic image advertisements of dream, future and happiness. Accordingly in this study, the top five brand apartments according to the national brand value evaluation index (BSTI, BrandStock Top Index) were selected and analyzed their TV advertisement characteristics, and its purpose is in evaluating the brand images perceived by the consumers of their TV advertisements. The significance of the results from this study is in presenting the basic information for establishing effective communication between the corporations and consumers. The survey research of this study was conducted for the students of D University, and SPSS 14.0 program was used for the statistical data analysis.

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Study on the Gender Differences of Financial Risk Tolerance (남성과 여성의 투자위험 감수성향 차이에 관한 연구)

  • Lee, June-Young;Jung, Ji-Young
    • Journal of the Korean Home Economics Association
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    • v.49 no.10
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    • pp.1-13
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    • 2011
  • This paper examined how men and women differ in the attitude and behaviour of financial risk tolerance. The results showed that women were less risk seeking than men in financial risk tolerance. The results of the investment simulation indicated that men invested in higher risk assets like stock. In contrast, women prefered to invest in lower risk assets like real estate. The results of multiple regression analysis showed that if investors have the propensity to take more risk they allocated their money to higher risk assets in the simulation. This analysis also showed that the surveyed respondents invested in risky assets if they had experience in high risk investment in the past.

Housing Policy Model ing and Verification for the City Government of Cheongju Based on Urban Dynamics (Urban Dynamics이론에 기초한 청주주택정책의 모형과 검증)

  • 김성환;이만형
    • Proceedings of the Korean System Dynamics Society
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    • 2002.11a
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    • pp.1-30
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    • 2002
  • 본 연구의 목적은 청주시의 주택문제에 대한 특별한 해결책을 논의한다기보다는 문제를 바라보는 새로운 프로세스를 형성하여 도시내부 문제해결을 위한 UD 모형을 적용하고 검증하는 것이다. 모든 도시는 성장과 쇠퇴의 주기가 있듯이 청주라는 공간도 현재의 물리적인 경계를 유지하면서 영원히 성장할 수 없으며, 성장의 한계에 이르게 되고, 시스템 내부의 피드백구조의 역동성에 의해 동태적인 균형상태를 지향하게 된다. UD 모형을 통해서 본다면 청주의 경우도 향후 50년간은 인구, 주택, 산업 모든 측면에서 성장을 이루게 될 것으로 보인다 2055년 이후에는 그 증가율이 정차 감소하여 균형상태를 유지하게 되다가 한 시점에 이르러서는 내부 stock 변수들의 인과관계에 의해 청주의 매력도는 주변지역으로 이전되게 될 것이다. 거시적으로 보았을 때 청주의 경우도 적정수준에서 이러한 추세를 따라가기 때문에 청주시의 UD 적용의 유용성은 입증되었다고 말할 수 있겠다. 더불어 민감도 분석에서 사용한 변수들의 조정에서 나왔듯이 주택과 관련된 정책을 펼칠 때, 시스템 내부적인 변수를 조정하는 정책을 펼쳐 나갈 때 청주라는 공간은 주택분야뿐 아니라 도시전체시스템의 동태적 균형상태를 유지해 나갈 수 있을 것으로 나타났다.

A Study on the Synchronizing Relations among the Return Rate on Housing Markets and Stock Market (주택시장 및 주식시장의 수익률 동조화현상에 관한 연구 - 지역별, 주택형태별, 기간별 분석을 중심으로 -)

  • Kang, Won Chul
    • Proceedings of the Korea Contents Association Conference
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    • 2013.05a
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    • pp.125-126
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    • 2013
  • 본 연구는 부동산 시장을 지역별(서울 강남, 강북지역) 및 주택형태별(아파트, 단독주택, 연립주택)로 분류하여 주식시장 및 각 형태별 주택시장의 수익률 동조화현상을 비교분석하였다. 또한 각 자산 간의 수익률을 1998년도 외환위기와 2008년도 글로벌 금융위기를 전후로 비교하여 기간 간의 수익률 및 수익률 변동성 차이에 대해서 분석하였다. 구분된 시기별로 각 자산의 수익률은 첫째, 주택시장은 주식시장과는 동조현상이 없는 것으로 분석되었으며, 둘째, 지역별 및 주택형태별 시장은 서로 동조현상이 있으나 그 정도는 시기에 따라 차이가 있는 것으로 분석되었다.

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19th May 2011 Simav (Kütahya) earthquake and response of masonry Halil Aga Mosque

  • Ural, Ali
    • Earthquakes and Structures
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    • v.4 no.6
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    • pp.671-683
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    • 2013
  • The May 19, 2011 an earthquake hit Simav (K$\ddot{u}$tahya) province in Turkey. Simav is a district of K$\ddot{u}$tahya located 255 km southwest from capital city of Turkey. According to Turkish General Directorate of Disaster Affairs (DAD), the magnitude of this moderate earthquake was 5.7. The major percent of the housing stock in the affected region was built in masonry. Many masonry dwellings, mosques and also minarets were heavily damaged due to this seismic activity. The Halil Aga Mosque and its minaret were also heavily damaged as a masonry structure around the earthquake region. In this paper, a site survey of masonry damages is presented and Response Spectrum Analysis of the Halil Aga Mosque is performed using the finite element method.

Estimating the Determinants for Rate of Arrearage in Domestic Bank: A Panel Data Model Approach (패널 데이터모형을 적용한 국내일반은행 연체율 결정요인 추정에 관한 연구)

  • Kim, Hee-Cheu;Park, Hyoung-Keun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.1
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    • pp.272-277
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    • 2010
  • In respect complication of group, rate of arrearage in domestic bank is composed of various factors. This paper studies focus on estimating the determinants of the rate of arrearage in domestic bank using panel data model. The volume of analysis consist of 3 groups(loaned patterns of enterprise, housekeeping, credit card). Analyzing period be formed over a 54 point(2005. 1~ 2009. 06). In this paper dependent variable setting up rate of arrearage in domestic bank, explanatory(independent) variables composed of the consumer price index, composite stock price index, rate of exchange, the coincident composite index, national housing bonds and employment rate. The result of estimating the rate of arrearage in domestic bank provides empirical evidences of significance positive relationships between the consumer price index However this study provides empirical evidences of significance negative relationships between the coincident composite index and the composite stock price index. The explanatory variables, that is, rate of exchange, national housing bonds and the employment rate are non-significance variables of negative factor. Implication of these findings are discussed for content research and practices.

Correlation Analysis Among the Price of Apartments in Seoul, Stock Market and main Economic Indicators (서울지역 아파트가격과 주식시장 및 주요 경제지표와의 상관관계 분석)

  • Choi, Jeong-Il;Lee, Ok-Dong
    • Journal of Digital Convergence
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    • v.12 no.2
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    • pp.45-59
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    • 2014
  • Real estate has been the most preferable investment asset since 1980's has begun. Especially the ups and downs of housing price influence significantly on the household and national economy for a digital economy. In this analysis, monthly movement of apartment price of Seoul and its correlation with KOSPI, construction concerned shares, securities concerned shares, interest rate and exchange rate for 320 months(from January, 1987 to August, 2013) are shown. From the analysis, correlation coefficient of the price of apartment in Seoul and KOSPI is 0.8566 which is highly positive while the price of apartment in Seoul and interest rate are shown strong negative correlation which is -0.7846. The rise of stock market does affect the rise of the price of apartments in Seoul, on the contrary, the price goes down when the interest rate goes up.

The effect of temperature and breeding density of piggery on the collection of oral fluid in Korea (국내 양돈장의 사육 온도와 밀사율이 구강액 채취율에 미치는 영향)

  • Byeon, Hyeon Seop;Kim, Mihwa;Kwon, Sungae;Han, Mina;Han, Sung Tae;Jang, Rae Hoon;Chung, Yun-Soo;Kim, Seokhyun;Jeon, Bo-Young
    • Korean Journal of Veterinary Service
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    • v.44 no.4
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    • pp.217-225
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    • 2021
  • We investigated the effect of temperature and stock density on the collection efficiency of oral fluid in the pig farm in Korea. Three pig farms with similar breeding environmental conditions were selected and four pens of each farm (total 12 pens) were tested for the collection efficiency of oral fluid from pigs. Collection rate was considered as significant when oral fluid was collected from 70% of pigs within a pen. In the case of growing pigs, when internal temperature of pig barn increased by one designated degree (5℃), the oral fluid collection rate significantly decreased by 24.7% (P<0.05). The collection rate of oral fluid also decreased by 7.1% (P<0.05) as the density rate increase by one designated degree (12.5%). It was estimated that the collection efficiency of oral fluid decreased when the internal temperature of pig barn was 30℃ or higher, or barn density is higher 25% or high. On the other hand, in the case of stall-housing sows, unlike growing pigs, there was no significant differences according to the temperature, so oral fluid collection was considered to be efficient even in hot season.