• International conference on construction engineering and project management
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• 2009.05a
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• pp.32-39
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• 2009

"We need to overcome the lack of space and infrastructure." Construction in the 20th century had been basically motivated by this need. It had enabled almost automatic financing on land as well as plenty of public investment. However we cannot expect such investment in built environment any more in the 21st century, when urban structures have been fully built. "We have space and infrastructures but want to make them better." We must find the new way how to strategically organize creativity on use as well as such users' want itself for sustaining investment in built environment. In this paper the outline of such a new way is discussed.

• Journal of The Korean Society of Agricultural Engineers
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• v.59 no.6
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• pp.81-87
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• 2017

The total area of domestic reclaimed lands is 54,379 ha, and among these, 30,394 ha can be agriculturally available. To increase an agricultural availability of reclaimed land, controlled horticultural products that can be highly profitable have come to the fore. However, as being characteristically concerning, when original glasshouse is intactly applied in reclaimed land, it is unsafe on account of ground subsidence and, even if ground were reinforced, it has a problem by high cost. So a new greenhouse model would be necessary taking into account not only cost-efficiency but also safety with relatively light-weight one. Before this, this paper estimated acceptance rate of controlled horticultural complexes in reclaimed land and new greenhouse model for 414 farmers. The annual rental fee is 129,712,500 won/ha, considering the interest rate (2.5 %) of the investment, the depreciation cost of the facilities (straight line depreciation method, 20 years of service life estimated), and government subsidy rate (50 %) which resulted in a sufficient number of intended tenants with the acceptance rate of 0.33. The results of this paper may contribute to the government's policies for reclaimed land.

• Journal of the Korean Association of Geographic Information Studies
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• v.16 no.3
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• pp.164-179
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• 2013

Ulaanbaatar city, the capital of Mongolia and the center of Mongolian economy, increasingly needs to have a long-term urban planning and a system to impose a tax on land effectively as insufficient development of land and the moving of nomad into urban areas increases during its rapid growth. Therefore, Mongolian government has to prepare a land management system which provides the infrastructure to improve work efficiency and service quality by integrating digitalized data about land and main facilities and sharing data between related departments. This research analyzed the environment to operate the existing land management system and working environment and redesigned database. Furthermore, it integrated all the existing systems, configured service network, and made working environment for land registration, land permission, land payment management to be processed online. With this, it provides the foundation to improve quality of people's life through the preparation of long term urban planning, clean tax administration of real estate, and reconsideration of efficiency about urban infrastructure investment.

• Journal of Korean Society of Forest Science
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• v.90 no.5
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• pp.643-649
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• 2001

The case study of the Cooperatives' members and Sincere Forest Managers/Forest Successors was carried out to find the determinants affecting the forest investment of private forest owners and analyze their effects on it. For this the landowners' forest investment probability function was estimated using the logistical regression model. The results showed that the forest investment of the Cooperatives' members was the function of forest area, stand age, forest income, and technical assistance. Three of the variables (forest income, forest area, and technical assistance) exhibited a positive effect on the forest investment as expected, while stand age showed a negative effect unlike the expectation of the study. In case of Sincere Forest Managers and Forest Successors forest area, distance(1)(distance from forest to road accessible by vehicle), knowledge of financing program, and forest income were significant indicators for the forest investment. All these variables showed the expected signs; forest area, knowledge of financing, and forest income had a positive effect on the forest investment, and distance(1) showed a negative effect.

• Journal of Animal Environmental Science
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• v.3 no.1
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• pp.49-56
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• 1997

Most of Korean broiler farms are constructed with vinyl houses. Such types of broiler farms might be cheaper in terms of cost, but poor in terms of environment condition. According to enlargement of broiler farm size, high value production systems or automatic facilities are introduced in this field. However, investment may not always guarantee the profit of the management. Therefore, it is necessary to undertake the investment analysis before decision making for the investment. Under the assumption that 870 Pyoung(≒$3.3㎡) of a broiler farm within 1,740 Pyoung(≒3.3㎡) of land is built with the producing capacity of 50,000 heads of chicken in a time. The total investment is calculated to be 600 million won(1,000 won≒$1.1), and out of them 58.1% is provided by the owner, 31.6% from the government loan, 5.8% from government subsidy, and 5.3% from other agencies or banks. The expected profit of the broiler farm is 64.6 million won(1,000 won≒$1.1) per year. The IRR calculated is 0.0808 which means that the rate to profit of this project would be 8.1%. This also means that for this investment the interest rate of the capital provided should be less than 8.1% per year. Considering that the current opportunity cost of the own capital is 8.5% this project is not so attractive for those who is going to build broiler farms mainly with their own capital. In other words this project would not be profitable, unless the average interest rate of the loans provided for this project is less than 8.1% per year.

• Journal of the Korean Institute of Educational Facilities
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• v.26 no.2
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• pp.11-18
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• 2019

There is a growing demand for public kindergartens due to the problem of private kindergartens. However, when the kindergarten is built in the residential land development area, the cost of purchasing the land increases, and the overall project cost is increasing. This situation puts a lot of burden on educational finances. Therefore, to reduce the cost of establishing a kindergarten, it is required to revise related laws including act on the special cases concerning the procurement, etc. of school sites. The purpose of this study is to propose the revised laws to expand public kindergartens. In this study, the present situation of infants and kindergartens was analyzed through policy data and statistics. And the analysis of the investment evaluation data also analyzed the problems in establishing kindergarten. In addition, we conducted surveys and FGI analyzes on school sites and kindergarten related laws and regulations. Finally, this study aims to find a way to amend related acts of urban and architectural Planning for Invigoration of Public kindergarten establishment by analysis data.

• Journal of Korea Port Economic Association
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• v.17 no.1
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• pp.91-111
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• 2001

This study was conducted in order to develop inter-local cooperation strategies between the City of Incheon, in Korea, and three provinces in northeastern China. We begin with a description of the history of and prospects for trade between Korea and China, an explanation of the current economic status of Incheon, statistics on the economy, trade and investment trends in the region, and information on the ports of the three Chinese provinces. The following strategies are suggested for inter-local cooperation based on the current circumstances. First, cooperative industrial strategies and economic investment for promoting the mutual concerns and interests of China and Korea were developed. Second, a practical way of utilizing the Incheon Industrial Park located in Dandong, China, was devised to stimulate industrial and investment cooperation. Third, a method of building a network among major ports in Korea and other Northeast Asian port cities was developed. Fourth, an international logistics transportation system that makes connection between sea, land and air easier through logistics standardization was suggested in preparation fur the changing environment of logistics brought about by the opening of the new Incheon International Airport. Fifth, methods of Improving port facilities are suggested. And, finally, the role and necessity of the Incheon City Interchange Center in executing inter-local cooperation strategies is described.

• Korean small business review
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• v.40 no.3
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• pp.1-24
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• 2018

The purpose of this study is verifying with corporate financial data that the required investment amount flow shows a similar pattern as times passed, in new product development by start-up company. In the previous paper, the same authors proposed the required investment amount flow as a 'New Product Investment Curve (NPIC)'. In this study, we have studied further in various types of companies. The samples used are accounting data of 462 companies selected from 5,873 Korean companies which were finished external audit in 2015. The results of this study are as follows; The average investment period was 3 years for the listed companies, while 6 years for the unlisted companies. The investment payback period was 6 years for listed companies, while 17 years for unlisted companies. The investment payback period of the company supported by big affiliate company (We call 'greenhouse company') was 14~15 years, while 17 years for real venture companies. When we divide all companies into 4 groups in terms of R&D cost and variable cost ratio, NPIC explanatory power of 'high R&D and high variable cost ratio group (Automobile Assembly Business) is best. Among the eight investment cost indexes proposed to estimate the investment amount, the 'cash 1' (operating cash flow+fixed asset excluding land & building+intangible asset, deferred asset change)/year-end total assets) turned out to be the most effective index to estimate the investment flow patterns. The conclusion is that NPIC explanatory power is somewhat reduced when we estimate all companies together. However, if we estimate the sample companies by characteristics such as listed, unlisted, greenhouse, and venture company, the proposed NPIC was verified to be effective by showing the required investment amount pattern.

• Land and Housing Review
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• v.2 no.2
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• pp.171-182
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• 2011

Current state of population, the existing roads, and the function of roads and highways of North Korea have been reviewed in this paper. In addition, the 'Five by five' road network has proposed for North-South and East-West directions to be connected with the road network of South Korea, China, and Asian Highways. Furthermore, the evaluation criteria and weighted values have suggested to determine the investment priority of highway based on the survey results from expert group members using AHP analysis method. Throughout the analysis, the ranking of the investment priority has been decided for the North-South axis and East-West axis. The second North-South axis (Geasung-Pyungyang-Anju-China) has been ranked as the first priority for the North-South axis followed by the fifth North-South axis as the second, the first axis as the third, the third axis as the fourth and the fourth axis as the last priority. For the East-West axis, the second East-West axis(Nampo-Pyungyang-Wonsan) has been ranked as the first priority followed by the first axis as the second, the third axis as the third, the fourth axis as the fourth and the fifth East-West axis as the last priority.

• The Journal of the Korea institute of electronic communication sciences
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• v.9 no.3
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• pp.377-386
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• 2014

This study analyzed how alternative investment goods would affect a market in a neighboring shopping area in order to provide parties involved in the investment market of this neighboring shopping area with standards which would help them when they try to make a reasonable determination. The study estimated forms and explanation power of the effects of a bid rate of a neighboring shopping area, and came up with those results as follows. Increases in the representative macro economic indicators, the composite stock price index and the fluctuation rate of land price, including the real estate business would have a positive influence on the market of the neighboring shopping area as playing a circumstantial evidence of market recovery and yet, the increase in interest rate, the alternative investment goods, would reduce the relative price-earnings ratio which would, eventually, negatively affect the charm of the investment in the market of the neighboring shopping area. The study, now, understands that housing with a feature of consumers' goods and neighboring shopping area with a feature of investment goods would not have great concern with each other as they are observed to be two different markets from an aspect of interactionism.