• Title/Summary/Keyword: Korean banks

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The Strategies of Francaise Business Model in Banking Services (소매금융을 중심으로 한 은행 창구 프랜차이즈화 전략)

  • Han, sun ho;Lee, jung kyu;Yu, jong pil
    • The Korean Journal of Franchise Management
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    • v.1 no.1
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    • pp.87-103
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    • 2010
  • Today, banks offer banking services to a large number of customers by a branch network spread all over the nation. The quantity and quality of services are advanced by fierce competition in their field. So they are attracting customers based on high confidence in the financial industry. In spite of these developments, the retail bank market currently does not satisfy customers demands and various desires. In this research, the problems with banking services were observed. It was proposed that the banking services apply a franchise business model. First, this proposal will reduce the business expenses by collaborating profits with head office of banks and affiliates. Second, it will offer greater satisfaction to the customers. Through the mutual collaboration with head office of banks and affiliates in this proposal, it is anticipated that banks will reduce their business expenses and improve services for customers by offering convenient and fast banking services. It is also expected that the banks will expand and make up their weakness through increased profit and customers will be provided additional services.

Depth contours appeared on SAR images by interactions between tidal current and bottom topography

  • Kim, Tae-Rim
    • Proceedings of the KSRS Conference
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    • v.2
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    • pp.692-694
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    • 2006
  • X-SAR images taken on the coastal waters of Hwanghe province in Korea during SIR-C/X-SAR campaign in April and October 1994 are analysed. The SAR images show the peculiar signatures like nail marks, curved long string, and vortex streets patterns and they all seem to be produced by strong interactions between the topography in the coastal waters and tidal currents. The nail mark signatures are located at the same position of small scaled sand banks and the curved line patterns are almost identical to the outer boundary of large sand banks. Based on the tidal record, all the three images are taken at the almost same phase of tidal cycles, which are close to the low tide. It seems that bottom shapes are more strongly appeared on the SAR images when the tidal currents are slow. The front between two different current velocities caused by the flows along the steep boundaries of sandbanks is also the main factors imprinting the bottom features to the sea surface SAR images

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Umbilical Cord Blood Transplantation

  • Ahn, Hyo Seop;Shin, Hee Young
    • IMMUNE NETWORK
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    • v.3 no.2
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    • pp.83-88
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    • 2003
  • The number of umbilical cord blood transplantation is increasing worldwide as it has expanded the ability of the transplantaion community to meet the growing needs of their patients. Clinical data over the last decade show promising results in transplantation using both related as well as unrelated cord bloods. Cord blood banks are essential for the clinical use for transplantation and are now established around the world with the major efforts to standardize banking in collection, processing and distribution of cord blood for providing the highest quality stem cells for the patients. In Korea, Medipost, Histostem and some regional cord blood banks were established some years ago and collected thousands of cord blood for public but it had some limitations and was not expanded as the cord blood transplantation was not covered by medical insurance. Recently with the change in the policy of medical insurance to cover the cord blood transplantation, several venture companies are showing great interests in cord blood banking and trying to establish private cord blood banks in Korea. This review article discusses the current status of cord blood transplantaion and also the clincial use of stem cells from cord blood.

A Study on the Legal Principles and ICC Uniform Rules for Reimbursements under Documentary Credits Transactions (신용장거래하(信用狀去來下)의 상환(償還)에 관한 법리(法理) 및 통일규칙(統一規則)에 관한 연구(硏究))

  • Kim, Jong-Tae;Park, Seok-Jae
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.13
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    • pp.563-579
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    • 2000
  • Until July 1, 1996, no international rules, other than the simple practices contained in the UCP 500 have existed for the processing of bank-to-bank reimbursements. At last, ICC Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits(Pub. No. 525) have been published on July 1, 1996. Our country have adopted the URR 525 on August 1996. But in view of the present number of countries adopted the URR 525, I think our country is very impetuous. In order to comprehend the URR 525 correctly, this study is carrying out to clarify the legal principles on reimbursements among issuing banks, nominated banks, unauthorized banks. Secondly, this study is carrying out indicate the background of establishing, the main contents, the approval and the criticism of URR 525. Finally, this study is carrying out to point out the matters that demand special attention about the operation of URR 525

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A Study on the Voltage/Var Control of Distribution System Using Kohonen Neural Network (코호넬 신경회로망을 이용한 배전시스템의 전압/무효전력 제어게 관한 연구)

  • Kim, Gwang-Won;Kim, Jong-Il
    • Proceedings of the KIEE Conference
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    • 1998.11a
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    • pp.329-331
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    • 1998
  • This paper presents a modified Learning Vector Quantization rule to control shunt capacitor banks and feeder voltage regulators in electric distribution systems with Kohonen Neural Network(KNN). The objective of the KNN is on-line decision of the optimal state of shunt capacitor banks and feeder voltage regulators which minimize $I^{2}R$ losses of the distribution system while maintaining all the bus voltages within the limits. The KNN is tested on a distribution system with 30 buses, 5 on-off switchable capacitor banks and a nine tap line voltage regulator.

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The Performance Evaluation of Bank Branches using ANP and DEA Hybrid Model (ANP와 DEA 결합모형을 통한 은행의 효율성 평가)

  • 박철수
    • Journal of the Korea Safety Management & Science
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    • v.5 no.4
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    • pp.267-278
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    • 2003
  • Data Envelopment Analysis-Assurance Region(DEA-AR) model is used in this paper to investigate the efficiency and performance potential of Korean banks as they engage in activities that incur interest and non-interest expenses and produce income. DEA provides a measure of each bank's relation to the best-practice frontier for its competitors. This can provide a better quality-benchmark than using industry averages or a particular peer bank branches as the benchmark. The banks are classified into efficient and inefficient sets. Multiplier values for AR-inefficient banks with unique slacks indicate the potential for management to improve the bank's performance relative to its peers. DEA-AR that provide economically reasonable bounds for the multipliers lead to profitability potential, as distinct from efficiency, results.

The Effect of Quantitative Easing on Inflation in Korea

  • Nam, Min-Ho
    • East Asian Economic Review
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    • v.22 no.4
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    • pp.507-529
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    • 2018
  • This paper evaluates the whole impact of quantitative easing on inflation in Korea implemented by the central banks in four major advanced economies, the U.S., Euro Area, U.K. and Japan. According to the analysis employing a VAR-X model with the security holdings of those central banks an exogenous variable, quantitative easing is estimated to exert downward pressures on inflation in Korea. Considering the impulse responses of Korean macroeconomic variables to a quantitative easing shock, the spillover effect is transmitted through exchange rate channel while trade channel turns out to be ineffective. In an additional analysis assessing the impact of each quantitative easing program of the central banks, only those of the Fed and European Central Bank are estimated to be significant. The empirical results prove to be robust even if using long-term interest rates as an alternative indicator of quantitative easing.

Mobile Banking Service in Mongolia: The Role of Online Convenience on the Acceptance and Use Behavior

  • Ivanova, Aisena;Noh, Grimm
    • Asia Marketing Journal
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    • v.24 no.2
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    • pp.51-61
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    • 2022
  • The goal of this study is to scrutinize the impact of individual online convenience dimensions on mobile banking acceptance and use in Mongolia. A total of 211 valid responses were collected from Mongolian university students who currently use mobile banking application services from local banks. The SmartPLS 3.3 software was used to conduct the confirmatory factor analysis and test the hypotheses. Using structural equation modelling, this research discovered that access convenience, transaction convenience, and possession/post-possession convenience are the main constructs related to the adoption of mobile banking services. Perceived innovation showed a significant positive effect on the adoption of mobile banking technologies. Through practical and theoretical implications, this research aims to assist mobile banking service channels of local and international banks in Mongolia. Identifying which online convenience dimensions impact the adoption and use of mobile banking will contribute to the adoption of competitive strategies for financial institutions and banks.

How to Reflect Sustainable Development, exemplified by the Equator Principles, in Overseas Investment (해외투자(海外投資)와 지속가능발전 원칙 - 프로젝트 파이낸스의 적도원칙(赤道原則)을 중심으로 -)

  • Park, Whon-Il
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.31
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    • pp.27-56
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    • 2006
  • Today's financial institutions usually take environmental issues seriously into consideration as they could not evade lender liability in an increasing number of cases. On the international scene, a brand-new concept of the "Equator Principles" in the New Millenium has driven more and more international banks to adopt these Principles in project financing. Sustainable development has been a key word in understanding new trends of the governments, financial institutions, corporations and civic groups in the 21st century. The Equator Principles are a set of voluntary environmental and social guidelines for sustainable finance. These Principles commit bank officers to avoid financial support to projects that fail to meet these guidelines. The Principles were conceived in 2002 on an initiative of the International Finance Corporation(IFC), and launched in June 2003. Since then, dozens of major banks, accounting for up to 80 percent of project loan market, have adopted the Principles. Accordingly, the Principles have become the de facto standard for all banks and investors on how to deal with potential social and environmental issues of projects to be financed. Compliance with the Equator Principles facilitates for endorsing banks to participate in the syndicated loan and help them to manage the risks associated with large-scale projects. The Equator Principles call for financial institutions to provide loans to projects under the following circumstances: - The risk of the project is categorized in accordance with internal guidelines based upon the environmental and social screening criteria of the IFC. - For Category A and B projects, borrowers or sponsors are required to conduct a Social and Environmental Assessment, the preparation of which must meet certain requirements and satisfactorily address key social and environmental issues. - The Social and Environmental Assessment report should address baseline social and environmental conditions, requirements under host country laws and regulations, sustainable development, and, as appropriate, IFC's Environmental, Health and Safety Guidelines, etc. - Based on the Social and Environmental Assessment, Equator banks then make agreements with borrowers on how they mitigate, monitor and manage the risks through a Social and Environmental Management System. Compliance with the plan is included in the covenant clause of loan agreements. If the borrower doesn't comply with the agreed terms, the bank will take corrective actions. The Equator Principles are not a mere declaration of cautious banks but a full commitment of lenders. A violation of the Principles in the process of project financing, which led to an unexpected damage to the affected community, would not give rise to any specific legal remedies other than ordinary lawsuits. So it is more effective for banks to ensure consistent implementation of the Principles and to have them take responsible measures to solve social and environmental issues. Public interests have recently mounted up with respect to environmental issues on the occasion of the Supreme Court's decision (2006Du330) on the fiercely debated reclamation project at Saemangeum. The majority Justices said that the expected environmental damages like probable pollution of water and soil were not believed so serious and that the Administration should continue to implement the project seeking ways to make it more environment friendly. In this case, though the Category A Saemangeum Project was carried out by a government agency, the Supreme Court behaved itself as a signal giver to approve or stop the environment-related project like an Equator bank in project financing. At present, there is no Equator bank in Korea in contrast to three big banks in Japan. Also Korean contractors, which are aggressively bidding for Category A-type projects in South East Asia and Mideast, might find themselves in a disadvantageous position because they are generally ignorant of the environmental assessment associated with project financing. In this regard, Korean banks and overseas project contractors should care for the revised Equator Principles and the latest developments in project financing more seriously. It's because its scope has expanded to the capital cost of US$10 million or more across all industry sectors regardless of developing countries or not. It should be noted that, for a Korean bank, being an Equator bank is more or less burdensome in a short-term period, but it must be conducive to minimizing risks and building up good reputation in the long run.

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Hybrid Active Filter System for High Power Non-linear Loads (비선형 부하를 위한 복합전력필터)

  • Kang Min-Su;Rho Youn-Sung;Kim Soo-Gon;Jeon Hee-Jong
    • Proceedings of the KIPE Conference
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    • 2003.07a
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    • pp.182-185
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    • 2003
  • Proposed Hybrid System is composed of phase leading capacitor banks, LC passive filters and active power filter. The passive power filter in parallel connection eliminate the 5th and 7th harmonics. The Variable capacitor banks correct the most of power factor, and the active power filter takes charge of remainder,

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