• Title/Summary/Keyword: Land Investment

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Revisited Meaning of Gated Community as a Tieboutian Voter: Evidence from Seoul of Private Governance and Local Public Goods

  • Woo, Yoon Seuk
    • Land and Housing Review
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    • v.11 no.1
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    • pp.39-48
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    • 2020
  • Main research question of this study is about whether gated community (GC) as private urban governance gets along with local public goods by locating near to them. We examine this question through testing the Tiebout hypothesis from case study of Seoul, capital city of South Korea, in which GCs are so common to test the assumption empirically. For this, we examine the meaning of GC in 3 Es viewpoints; conceptualize the framework of Tieboutian co-evolution of GC and local public goods by hedonic price modeling. As a result, possibilities are found that GCs are to be seen from different point of view, viz. co-evolutionary mechanism between private and public governance; GCs effectively capture and represent the demand of residents for local public goods through voting by their collective locational choice. It allows us different kind of approach to investigate APTs as a co-evolutionary form of private and public urban order rather than seeing them only as a tool of speculative investment, particularly in rapidly urbanizing countries like Korea.

Methodology for Evaluating Transportation-Induced Regional Development (교통유발에 의한 지역개발 평가방법론)

  • 안승범
    • Proceedings of the KOR-KST Conference
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    • 1996.12a
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    • pp.7-16
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    • 1996
  • In this paper a modeling paradigm is described for answering the following questions: What would be the economic impact A, the social impact B, the demographic impact C, the land-use impact D, the environmental impact E and the user benefit F, over geographic scale G for a transport investment H at time T. The paradigm is illustrated for two ITS technologies: Advanced Transportation Management System (ATMS)and Advanced Vehicle Control Systems (AVCS).

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A Study on the Model Development and Empirical Application for the Effectiveness Verification of Domestic Seaport Investment (국내항만투자의 유효성 검증을 위한 모형개발 및 실증적 적용에 관한 연구)

  • Park, No-Gyeong
    • Journal of Korea Port Economic Association
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    • v.24 no.2
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    • pp.209-239
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    • 2008
  • The purpose of this paper is to investigate the effectiveness of Korean port investment by using the newly developed slack-based multi-year panel congestion model of DEA(Data Envelopment Analysis). Inputs[port investment amount, cargo handling capacity, and berthing capacity], and outputs[cargo handling amount, number of ship calls, revenue, and score of customer service satisfaction] are used during 1994-2004 for 20 Korean seaports. Empirical analysis identified congestion especially in port investment as input at the ports of Gunsan, and Busan in the all 3 models, and the ports of Pyungtag, Mogpo, Yeosu, and leju in over 2 models. Port investment induced the rapid increase of port efficiency from the ports of Masan, Incheon, Donghae, and Samcheok. Therefore other ports except these ports should examine the reason about the inefficiency of port investment by searching out the situation of each ports directly. The main policy implication based on the findings of this study is that The Ministry of Land, Transport and Maritime Affairs in Korea should introduce the new measurement way after reviewing the multi-year slack-based congestion approach when the amount of port investment for each port is decided.

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Development of Open Land Management Information System(LMIS) Middleware (개방형 토지관리정보체계 미들웨어 개발에 관한 연구)

  • 서창완;백재현;홍성학
    • Spatial Information Research
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    • v.9 no.2
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    • pp.353-368
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    • 2001
  • Recently central and local governments developed a huge spatial database and system using full-scale Geographic Information System (GIS). But Inconsistent spatial data through duplicated database management drops off in efficiency and confidence of administration. It is difficult to share data because of their unique system and data type. Under these circumstances Ministry of Construction and Transportation (MOCT) has been carrying out Land Management Information System (LMIS) to computerize land administration and policy affairs and to implement land database such as law, spatial, attribute data. A prerequisite mission of LMIS is to develop open system for solving the problem of duplicated data management and data sharing and for supporting various computer environments such as hardware, software, network etc. The purpose of LMIS is to reuse the existing investment resources and to expand the existing system resources. Therefore the purpose of this study is to investigate a method of LMIS operation under the existing circumstances and expansion of the system in the future. To do this, Supporting various DBMS, GIS server, Distributing Computing Platform(Unix, NT Server) is needed. Especially LMIS need to be developed as open system with interoperability to get independence of application from various GIS servers.

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Cooperation Measures for Agricultural Infrastructure Development in North Korea (북한 농업생산기반조성 현황과 협력 방안)

  • Choe Jin Wook
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.134-158
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    • 1998
  • The objectives of this article are to identify the current status of agricultural infrastructure in North Korea and to suggest some cooperation measures among South and North Koreas and international agencies in order to develop the North Korea's agricultural infrastructure. The area of cultivated land in North Korea is 1,992 thousand ha (paddy field: 585 thousand ha: upland: 1,407 thousand ha) in 1997. Major water use facilities in North Korea are 1,900 reservoirs (included 100 big dams), 36,400 irrigation pumping stations, 1,600 drainage pumping stations, and 14'a,000 wells. In addition, there is 'two thousand Ri canal construction project' linking the rivers of Aprok, Daeryong, Daedong, Jaeryong, and Yesong. The unit of paddy land consolidation is about 1 ha which is regarded as rational for agricultural mechanization. The project of 'Darak' upland construction to create small size farmland, which has been carried out since 1976 has been unsuccessful due to the shortage of construction equipment. The area of farmland created by reclamation by 1995 is only 75 thousand ha although the potential project area is at)out 320 thousand ha along the western coast. It is due to the fact that civil engineering technologies and equipments are old and investment funds are insufficient. These are a few suggested areas of cooperation among South and North Korea and international agencies in order to improve North Korea's agricultural infrastructure : i) see land reclamation and land consolidation projects to increase paddy fields for rice production; ii) rehabilitation project in farm land areas devastated by flood; and iii) agricultural water development project which including diagnosing and rehabilitating irrigation and drainage facilities.

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A Study on the Yield Rate and Risk of Portfolio Combined with Real Estate Indirect Investment Products (부동산간접투자상품이 결합된 포트폴리오의 수익률과 위험에 관한 연구)

  • Choi, Suk-Hyun;Kim, Jong-Jin
    • Journal of Cadastre & Land InformatiX
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    • v.49 no.1
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    • pp.45-63
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    • 2019
  • Until recently, most people have invested in a traditional portfolio consisting of stocks, bonds and real estates based on the three-division method of properties in Korea. However, this study analyzed the impact of the composition of a portfolio combining representative real estate indirect investment products such as Reits and real estate funds on the investment performance. For this purpose, the empirical analysis using the mean variance model, which is the most appropriate method for the portfolio composition, was used. For variables used in this study, mixed asset portfolios were classified into Portfolio A through Portfolio G depending on the composition of assets, and the price indices selected as Kospi, Krx bond, Reits Trus Y7, Hanwha-Lasal fund, and Office (Seoul). The results are as follows; first Portfolio D, which combined bonds, stocks, Reits and Real Estate funds, and Portfolio G, which added the office, the actual real estate, were shown to have the lowest risk. second, Portfolio B composed of bonds, stocks and Reits and Portfolio D with added real estate funds had the lowest risk while Portfolio F composed of bonds, stocks, offices and real estate funds, and Portfolio G with added Reits were the most profitable. As a result, it has been analyzed that it was more effective to compose a portfolio including Reits and real estate funds, which were real estate indirect investment products that eliminated the illiquidity limitation of real estates than real estates, the traditional three-division method of properties. Therefore, it is possible to minimize the risk of investors and reduce the cost of ownership of the real estate by solving the illiquidity problem that is the biggest disadvantage of the direct investment, In addition, it is considered that it is more necessary to reinvigorate the real estate indirect investment market where small amounts can be invested.

A Study on Socio-economic Investment Effects of Ginger Storage in Artificial Caves (In the Case of Seochun Districts in Chungnam Province) (토굴을 이용한 생강저장의 사회 경제적 투자효과 분석 - 서산지역을 중심으로 -)

  • Lee, Mu Won;Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.25 no.2
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    • pp.310-320
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    • 1998
  • This study is aimed at identifying the socio-economic effects of storage of ginger in artificial caves. The gingers stored in artificial caves in Seochun, 12 sampled areas, were surveyed to get information on the socio-economic effects. The surveyed data were processed by TSP, Qbasic and B/C Ratio computer programs and analyzed the decision making criteria such as B/C ratio, NPV and IRR. The socio-economic effects of the storages of the gingers are as follows. 1. The storage benefits per ton was showed as 184,050won. 2. Considering 10% of the opportunity cost of capital, the uper limits of investments for the cave storages was analyzed as 6,784 thousand won for ginger. 3. The investment of the natural cave storages was revealed economically feasible considering the decision making criteria as B/C ratio = 1.33, NPV = 35.059 thousand won and IRR = more than 100%. The other socio-economic effects of the ginger storages was expected as ; 1. The cave storages will contribute to increase consumer's and producer's welfare through the control of supply and demand and price stability. 2. Long-term storage of ginger without damaging quality and grades will be made on account of the storage conditions as relatively low temperature, high humidity and indifferent affects from the outside climate. 3. Utilization of the underground space, the caves, for storage will maximize the land use and the sustainable environment considering the mountainous area, two third of the total national land area. 4. Construction costs of the underground storage facilities as caves are cheaper than the ground storage facilities by 15 to 20% in general. In conclusion, the underground space like natural and artificial caves are considered the most suitable for storage of ginger on account of the storage conditions as temperature, humidity and blocking the sun light. Accordingly a study on convenient utilization of new development of artificial caves should be made considering transportation and input-output of the farms. Financial support of the government should be institutionally rearranged for the successful implementation of storing farm products like ginger in natural and man-made caves.

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Non-linear effects of demand-supply based metro accessibility on land prices in Seoul, Republic of Korea: Using G2SFCA Approach (서울시 수요-공급 기반 지하철 접근성이 토지가격에 미치는 비선형적 영향: G2SFCA 적용을 중심으로)

  • Kang, Chang-Deok
    • Journal of Cadastre & Land InformatiX
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    • v.52 no.2
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    • pp.189-210
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    • 2022
  • Cities around the world have paid attention to public transportation as an alternative to reducing traffic congestion caused by automobile usage, excessive energy consumption, and environmental pollution. This study measures accessibility to subway stations in Seoul using a supply-demand-based accessibility technique. Then, the impacts were analyzed through land prices by use and segment. As a result of analysis using the multilevel hedonic price models, accessibility considering both supply and demand for the subway had a positive effect on both residential and non-residential land prices. The effect was stronger for residential than for non-residential. Further, among the accessibility measured by the three functions, the accessibility by the Exponential function was most suitable for the residential land price, and the accessibility measured by the Power function for the non-residential land price had the highest explanatory power. Also, looking at the impacts by land price segments, it was found that higher access to metro stations had the greatest positive impacts on the most expensive segment of residential and non-residential land prices. The results of this study can be applied not only to identify the impacts of public investment on neighborhoods, but also to support real estate valuation.

Status and Prospect of Weed Control Technology for Organic Farming (유기농업을 위한 잡초방제기술의 현재 미래)

  • 전용웅
    • Korean Journal of Organic Agriculture
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    • v.6 no.2
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    • pp.127-140
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    • 1998
  • Organic farming excludes any use of the herbicide. The present paper reviews what can be done for effective weed control with existing weed control technology by farmers crop-ping paddy rice, field crops, vegetables, and fruit trees. If condition of the crop-land-al-lows diversified rotational use of the paddy land as paddy and upland field would minimize weed problem. Practising this is limited in acreage due to extremely limited governmental investment to the land for the purpose. Secondly, rotation of crops in the upland field breaking life cycles of various weeds adapted to each crop should reduce the weed problem. This is also limited as only a few crops are making the farmer profitable. In addition climate and tolerance of crops to high and low temperature. Monsoon rains and poor drainage restrict the freedom of choice. For any crop land year-round multiple cropping in denser planting shall lessen the weed problem, this multiple cropping practiced by 1960s has been abandoned due to laborshortage and increased production cost. Deep flooding the rice is impractical at present in Korean. Mulching crop with transparent, black , or combinated polyethylene sheet, hs been in-creasingly used. Progresses in development and use of mulch with allelopathic crop residues. inexpensive paper mulch, allelopathic crop residues, inexpensive paper mulch, allelopathic crop cultivar development, recently developed ex-perimental weeding machinaries, flamers, microbial herbicides, biological control organisms, soil sterilization techniques have been critically reviewed for their adoption into existing in-tegrated weeding system. Unfortunately, information on cost-benifit, and labor-benefit, for the various methods above mentioned are lacking. Urgent need for the research on rational weeding in organic farming, and herbicide low-input farming is emphasized.

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An Analysis of Land Cover Classification Methods Using IKONOS Satellite Image (IKONOS 영상을 이용한 토지피복분류 기법 분석)

  • Kang, Nam Yi;Pak, Jung Gi;Cho, Gi Sung;Yeu, Yeon
    • Journal of Korean Society for Geospatial Information Science
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    • v.20 no.3
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    • pp.65-71
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    • 2012
  • Recently the high-resolution satellite images are helpfully using the land cover, status data for the natural resources or environment management. The effective satellite analysis process for these satellite images that require high investment can be increase the effectiveness has become increasingly important. In this Study, the statistical value of the training data is calculated and analyzed during the preprocessing. Also, that is explained about the maximum likelihood classification of traditional classification method, artificial neural network (ANN) classification method and Support Vector Machines(SVM) classification method and then the IKONOS high-resolution satellite imagery was produced the land cover map using each classification method. Each result data had to analyze the accuracy through the error matrix. The results of this study prove that SVM classification method can be good alternative of the total accuracy of about 86% than other classification method.