• Title/Summary/Keyword: Large-Scale Estate

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A Study on the Risk Management Strategy of the Large Scale Construction Company According to the Change of Real Estate Market (부동산시장 변화에 따른 대형건설사 리스크관리 방안에 관한 연구)

  • Lee, Yun-Hong;Ji, Kyu-Hyun
    • Land and Housing Review
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    • v.9 no.1
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    • pp.1-9
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    • 2018
  • As the government announced Real Estate Policies on August 02, most areas except for Seoul cities face increasing business risks. Moreover, the government control over financial sectors' loan leads to the highly possible contraction of new distribution markets. The market trend could bring about the reduction of new demand in PF (Private Financing) business that large construction companies mainly concentrate on, and even the business already obtained has a high risk of being distributed, which could result in substantially low profitability. The currently unstable financial structure of most construction companies is caused by the hike of the prime cost of foreign plants except for that of a few construction companies. If PF (Private Financing) business also faces a difficult situation in such a financial condition, even large construction companies come to have the high possibility of a deficiency in credit rating. Accordingly, the major business that large construction companies concentrate on needs the sufficient business review. It is desirable to make a bid for business guaranteeing stability rather than business solely in consideration of profitability, when participating in a competition for a new construction contract.

A Study on the Failure of Grands Ensembles of France and on the Methods of Renovation (프랑스의 대형 주거단지 '그랑 앙상블'의 실패와 그 재생수법에 관한 연구)

  • Sohn, Sei-Kwan
    • Journal of the Korean housing association
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    • v.25 no.5
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    • pp.113-124
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    • 2014
  • The grands ensembles, or large-scale high-rise housing projects, are widely regarded as notorious products of postwar French government policy in the area of housing and urban planning. There was a general consensus that the grands ensembles had been a 'failure'. They were perceived as the source of all the ills of the contemporary city, as responsible for a social breakdown stemming from lack of infrastructure, geographical isolation, and monotonous environments. French government embarked on a broad renovation effort in light of the deteriorated condition of grands ensembles in the 1980s, which has been approved as generally 'successful'. This study focusing on French cases allowed me to demonstrate that following qualifications are critically important for successful housing projects: urban contextual continuity, socially mixed community, authentic planning for achieving sense of place, relationship between collective and individual expression, et cetera.

A Study on the Factors Influencing the Ethical Climate of Appraisal Firms (감정평가법인 윤리풍토의 영향요인에 관한 연구)

  • Shin, Eun Jung;Yoo, Seon Jong
    • Korea Real Estate Review
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    • v.27 no.3
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    • pp.7-22
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    • 2017
  • Establishing greater reliability in property appraisal is critical because it promotes the public interest. Reliability is composed of competence and ethics. In particular, the ethics of property appraisal has individual and corporational aspects. This study aimed to evaluate how the ethical climate of a firm is affected by the scale of appraisal firms, thereby validating the effect of the 'Large Appraisal Firm System'. Hence, the ethical climate of appraisal firms, an indicator of inherent ethical value recognition, was investigated, divided into recognition of social responsibility and exclusion of self-interest. The study results showed that the ethical management systems of appraisal firms encourage the appraisers of such firms to be conscious of their social responsibility and to exclude self-interest in their work. The degree of such influence, however, differs according to the scale of appraisal firms. Based on these results, further research on the maintenance and operation of the ethical management systems of appraisal firms is required to enhance the reliability of property appraisal.

A Study on the Inter-Relationships between Physical Form and Density of Multi-Family Housing (공동주택의 물리적 형태와 밀도의 상관성 연구)

  • Choi Moo-Hyun;Choi Joo-Young;Yang Jung-Pil
    • Journal of the Korean housing association
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    • v.17 no.1
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    • pp.67-75
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    • 2006
  • Multi-family housings caused several problems related to physical form such as isolation of housing estate, inhumanity of the exterior space, and mismatch with the urban structure. To handle these problems, the purpose of this study is to analyse density elements which have a direct impact on physical forms, thereby understand the characteristics of physical form and also identify a meaning of inter-relationships between them. Therefore both formal constituents and density elements are reformed into respective analyzing indices. From the analysis, physical form and the spatial layout of buildings were more uniform in large-scale housing estates than in medium or small housing estates. However, small-scale housing estates showed various form and the spatial layout of buildings in order to increase the building density.

Geology of Nogsan National Industrial Engineering Estate (녹산국가공단 조성지 일대의 토목 지질)

  • 안명석;김종대
    • Explosives and Blasting
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    • v.18 no.3
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    • pp.99-106
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    • 2000
  • The geology of Nogsan industrial estate area, Pusan, Korea consists mainly of andesitic rocks, rhyolitic rocks and hornblende granite. They are then intruded by basic and acidic dikes. All of the igneous activities in this area are in Cretaceous time, that is the lower part of Silla group in Gyoungsang basin. Andesitic volcanic rocks are distributed in two separate basines: Saengok basin and Doodong basin. Although both basines contain andesite and andesitic breccia(Kab), younger andesitic activity was more active to the western Doodong basin giving very little influence on the eastern Saengok basin. Sediments in the area are quarternaly alluvium and colluvium. Alluvium is very thick and consists mainly of silt and clay deposited as delta deposits at the mouth of Nakdong river. Colluvium in the area is short distributary channel deposits. The area is largely filled with socks and sediments to build industrial estates especially on the delta deposits at Shinhodong area and on the shoreline mud bed between Yongwondong and Shinhodong. A careful investigation to avoid the possibility of a large scale mud flow is suggested because it could be trigered by many reason such as an earthquake or a flood on the land where a heavily loaded salt-water may soaked into the muddy bed lying on the granitic basement gently dipping toward the ocean. Althouth the area is in the Yangsan fault zone no ground evidence of fault can be seen despite the RESTEC sattlite image gives excelent traces of linearments in the area.

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A Study on the Sale Estimate Model of a Large-Scale Store in Korea (국내 대형점의 매출추정모델 설정 방안 연구)

  • Youn, Myoung-Kil;Kim, Jong-Jin;Park, Chul-Ju;Shim, Kyu-Yeol
    • Journal of Distribution Science
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    • v.11 no.12
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    • pp.5-11
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    • 2013
  • Purpose - The purpose of this study was to construct a turnover estimation model by investigating research by Park et al. (2006) on the market area of domestic distribution. The study investigated distribution by using a new tool for the turnover estimation technique. This study developed and discussed the turnover estimation technique of Park et al. (2006), applying it to a large-scale retailer in "D"city that was suitable for on-the-spot distribution. It constructed the new model in accordance with test procedures keeping to this retail business location, to apply its procedures to a specific situation and improve the turn over estimation process. Further, it investigated the analysis and procedures of existing turnover estimation cases to provide problems and alternatives for turnover estimation for a large-scale retailer in "D"city. Finally, it also discussed problems and scope for further research. Research design, data, and methodology - This study was conducted on the basis of "virtue" studies. In other words, it took into account the special quality of the structure of Korea's trade zones. The researcher sought to verify a sale estimate model for use in a distribution industry's location. The main purpose was to enable the sale estimate model (that is, the individual model's presentation) to be practically used in real situations in Korea by supplementing processes and variables. Results - The sale estimate model is constructed, first, by conducting a data survey of the general trading area. Second, staying within the city's census of company operating areas, the city's total consumption expenditure is derived by applying the large-scale store index. Third, the probability of shopping is investigated. Fourth, the scale of sales is estimated using the process of singularity. The correct details need to be verified for the model construction and the new model will need to be a distinct sale estimate model, with this being a special quality for business conditions. This will need to be a subsequent research task. Conclusions - The study investigated, tested, and supplemented the turnover estimation model of Park et al. (2006) in a market area in South Korea. Supplementation of some procedures and variables could provide a turnover estimation model in South Korea that would be an independent model. The turnover estimation model is applied, first, by undertaking an investigation of the market area. Second, a census of the intercity market area is carried out to estimate the total consumption of the specific city. Consumption is estimated by applying indexes of large-scale retailers. Third, an investigation is undertaken on the probability of shopping. Fourth, the scale of turnover is estimated. Further studies should investigate each department as well as direct and indirect variables. The turnover estimation model should be tested to construct new models depending on the type of region and business. In-depth and careful discussion by researchers is also needed. An upgraded turnover estimation model could be developed for Korea's on-the-spot distribution.

The Impact of Urban Space Structure on Commercial Real Estate Markets (물리적 도시공간구조가 상업용 부동산시장에 미치는 영향)

  • Kim, Kyung-Min;Shin, Sang-Mook
    • Journal of the Economic Geographical Society of Korea
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    • v.16 no.1
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    • pp.71-85
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    • 2013
  • This paper examines the impact of urban space structure on real estate markets, especially on commercial real estate markets. Based on a large scale of GIS dataset, volumes of each land use type are examined. This vast dataset enables 3-dimensional analysis of land use in the entire Seoul area, overcoming the limits of previous research relying on simple 2-dimensional analysis. After then, the Herfindahl index is used to calculate the level of mixed-uses. It analyzes whether a building price is influenced by circumjacent commercial buildings and its residential development pattern. The regression outcomes verify that a nearby area's development patterns make an impact on an office building price. It shows the possibility that a new-urbanism's argument can be actualized.

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Feminizing of Real Estate Speculation -A Study on the Bokbuin in the Korean Narratives in 1970s~1980s (주거의 투기화, 투기의 여성화 -1970~1980년대 한국 서사에 나타난 복부인의 형상화 양상 연구)

  • Jun, Bong-Gwan
    • Journal of Popular Narrative
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    • v.25 no.4
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    • pp.321-359
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    • 2019
  • In the 1970s, the full-scale development of the area now known as Gangnam began, ushering in the era of real estate investment on apartments which transformed housing styles in Korea. Apartments were pitched as the most ideal type of housing, creating a competitive market of high demand and skyrocketing prices. The apartments were also viewed as a means of quick asset investment among middle-class Koreans. Within this apartment frenzy stood the female real estate speculator, the bokbuin. This study seeks to locate the bokbuin in the real estate development market after the late 1970s. The apartment speculation boom cannot be attributed to the bokbuin alone, yet she became the target of public anger and criticism, singled-out as being responsible for fueling illegal and unethical investments. The apartment boom of the 1970s was in fact generated in large part by the government, developers, construction companies and realtors. While their pursuit of profit was deemed as legitimate, the bokbuin's conduct was mostly tainted by presumed illegitimate and greedy motivations. This study problematizes this gendering of real estate investment and treat the bokbuin as a byproduct of the family-centered culture in East Asia. Analyzing Im Kwon Taek's film "Mrs. Speculator", Park Ki Won's conte, "Bokbuin", Park Wan Seo's short story, "Children of Paradise", "The People of Seoul", this study shows that bokbuin's pursuit was not hers alone; it was the collective pursuit with her husband for the enhancement of family finances. This stud y argue that the bokbuin embodied the thickly misogynistic climate of the 1970s that projected the chaotic rise of greed onto the woman.

Test Bed Application and Site Analysis to Apply Intelligent Unit Technology

  • Nam-Kyun Kim;Kyu-Shick Lee;Byung-Sun Yoo;Mu-Wook Pyeon;Jae-Sun Park;Jong-hwa Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1553-1558
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    • 2009
  • Give high priority to the technologies that can be directly applicable to the U-City development projects which are in progress by many central and local governments. Create a real world product at the end of R&D phase by testing prototypes in test-beds or test-labs. Recently, new construction technologies have been developed, but they are rarely being applied to the construction filed. In this paper, the basic design was examined so that various technologies can be selected through a test-bed, analyzed for the real situation, and applied to actual construction sites. Improve productivity of regional and urban construction exercises and improve competitiveness of related products and services using IT-based telemetering/GIS technology.

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Nature-based Solutions for Climate-Adaptive Water Management: Conceptual Approaches and Challenges (기후변화대응 물관리를 위한 자연기반해법의 개념적 체계와 정책적 과제)

  • Park, Yujin;Oh, Jeill
    • Journal of Korean Society on Water Environment
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    • v.38 no.4
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    • pp.177-189
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    • 2022
  • Nature-based Solutions (NbS) are defined as practical and technical approaches to restoring functioning ecosystems and biodiversity as a means to address socio-environmental challenges and provide human-nature co-benefits. This study reviews NbS-related literature to identify its key characteristics, techniques, and challenges for its application in climate-adaptive water management. The review finds that NbS has been commonly used as an umbrella term incorporating a wide range of existing ecosystem-based approaches such as low-impact development (LID), best management practices (BMP), forest landscape restoration (FLR), and blue-green infrastructure (BGI), rather than being a uniquely-situated practice. Its technical form and operation can vary significantly depending on the spatial scale (small versus large), objective (mitigation, adaptation, naturalization), and problem (water supply, quality, flooding). Commonly cited techniques include green spaces, permeable surfaces, wetlands, infiltration ponds, and riparian buffers in urban sites, while afforestation, floodplain restoration, and reed beds appear common in non- and less-urban settings. There is a greater lack of operational clarity for large-scale NbS than for small-scale NbS in urban areas. NbS can be a powerful tool that enables an integrated and coordinated action embracing not only water management, but also microclimate moderation, ecosystem conservation, and emissions reduction. This study points out the importance of developing decision-making guidelines that can inform practitioners of the selection, operation, and evaluation of NbS for specific sites. The absence of this framework is one of the obstacles to mainstreaming NbS for water management. More case studies are needed for empirical assessment of NbS.