• Title/Summary/Keyword: Price Reduction

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The Change in Exchange Rate Pass-Through into Import Price of the Post-FTA Import Market for Fishery Products in South Korea (FTA 이후, 국내 수입수산물 가격의 환율전가도 변화)

  • Lim, Eun-Son
    • The Journal of Fisheries Business Administration
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    • v.53 no.2
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    • pp.21-41
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    • 2022
  • The effect of change in exchange rates on an economy is very important, especially, to a small open economy like South Korea. I explore whether Free Trade Agreements (FTAs) have positive influences on exchange rate-pass through import price of import market for fishery products in South Korea. Competition among FTA partners is enhanced after FTAs are effective. I expect that the extent to which are exchange rate pass-through (hereafter, ERPT) into import price of fishery products (in terms of Korea currency) would be reduced since the import market for fishery products in South Korea is an oligopolistic market. Specifically, I investigate two research questions with six South Korea's FTA partners-Norway, Thailand, Peru, U.S., China and Vietnam. First, whether the extent to which are exchange rate pass-through into import price of fishery products from six FTA partners would decrase in the post-FTA era; seconds, the size of reduction has a negative relation with the size of their market share in the import market for fishery products in South Korea if it decreases. The empirical results indicate that the degree of ERPT into import price from other FTA partners than Norway has been reduced after FTA, statistically and significantly; however, I do not find the evidence that the size of reduction is related to their market share. The findings in this study imply that FTAs have negative effects on producers' economic welfare in South Korea's fishery industry by reducing the extent to which are exchange rate pass-through as well as reducing tariff barriers.

Analysis of Consumption of Homemade Organically Processed Food (국산 유기가공식품 소비의향 분석)

  • Jeong, Hak-Kyun;Jang, Jeong-Kyung
    • Korean Journal of Organic Agriculture
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    • v.20 no.1
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    • pp.1-19
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    • 2012
  • The purpose of this study is to analyze consumption of homemade organically processed food (HOPF), and to derive directions for consumption promotion of HOPF. A survey was conducted for quantitative analysis regarding consumption. This study used an Ordinal Logistic Regression Model to derive more significant results in analyzing factors of consumption. The findings was that younger consumers with high income are more likely to purchase HOPF. And those consumers with high price and quality contentment are more likely to purchase HOPF. And contentment with certification institutions and improvement of health have a significant positive relationship with consumption. Consumers were found to pay 51 percent more for HOPF than for non-HOPF products. This level show that the current level of price premium for HOPF is 51 percent higher than their desired level. In order to reduce the price premium for HOPF, effective policy programs should be developed. A targeted market strategy to sell HOPF to younger consumers with high income is needed to boost consumption. A strict certification management system should be established to enhance consumer reliability in HOPF.

Establishing a Crop System of Organic Farming for Maximizing Agricultural Income (유기농업의 소득 극대화를 위한 작부체계 수립 전략)

  • Kim, Ho;Kim, Sung-Tae
    • Korean Journal of Organic Agriculture
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    • v.20 no.2
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    • pp.143-159
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    • 2012
  • Agricultural income is calculated with producer price, output and management cost. This study compared organic farming with conventional one for agricultural income, producer price and output by items. And then it proposed the method of item selection and crop system from a diversification point of view. The coefficient of variation to producer prices in organic farming was 4.7%, and conventional one was 30.3% because organic products have been produced in a system of contract farming with consumers' cooperative. This result means the price of organic products is stabler than that of conventional price. And agricultural income of organic farming has been generally known more than that of conventional one. However, agricultural gross income of conventional farming was more than that of organic one by 20.3% in 2010. It was caused by output reduction of a few items(fer example; onion, large green onion, potato and young pumpkin) due to freak weather conditions and constant producer price for several years in organic farming. In order to increase agricultural income, appropriate crop selection and system should be introduced to organic farming. A principal crop is the rice plant and 2 subordinate crops are dry crops at bare field and greenhouse respectively. Thus 5 crop systems that agricultural gross income are relatively increased larger among 15 crop systems estimated are rice+ginger+cucumber, rice+ginger+tomato, rice+large green onion+cucumber, rice+sweet potato+cucumber and rice+onion+ cucumber.

The Comparison of Certified Emission Reductions Forecasting Model Using Price of Certified Emission Reductions and Related Search Keywords (탄소배출권 가격과 연관검색어를 활용한 탄소배출권 가격 예측 방법론 비교)

  • Kim, Hyeonho;Im, Giseong;Kim, Yujin;Lee, Minwoo;Han, Seungwoo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2020.06a
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    • pp.44-45
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    • 2020
  • Korea has the fourth highest CO2 emission among OECD countries in 2018, As of 2019, total greenhouse gas emissions per capita increased by about 98.2% in comparison to 1990. Korea has promised a 37% reduction in greenhouse gas emissions in 2030 from the projected Paris Climate Change Accord. Currently, many countries use the emissions trading system(ETS) for international carbon management. In 2015, ETS has been implemented in Korea, and the importance of calculating CO2 emissions from construction machinery has increased. So, we require an accurate calculation of the environmental charges through the allocated CERs. Using the CER price and related search keywords, this paper derive about prediction models of CER price and compare and focus on more accurate prediction about CER price. By this method, the budget needed to establish the initial construction process plan can be calculated based on more accurate predicted CER price.

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A Study on the Systematization Design of Differential Transformer by using Analogical Interpretation (유추해석을 이용한 차동변압기의 계열화 설계기법 고찰)

  • 조경재;차인수;이권현
    • Proceedings of the KIPE Conference
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    • 1999.07a
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    • pp.218-221
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    • 1999
  • We introduce the systematization design method using similarity theory which is profitable in the compatability, the reduction of construction time and price. The design method can make us predict the characteristic experiment for the magnitude we desire as the expression equation applied continuously. We can induce the design sample the user demand with the verification of the data on optimum design previously. Therefore, in case of designing and developing the products, systematization design method is very useful for the standardization of the developed goods, compatability, the reduction of construction time and price. In this paper, we presented the analogical algorithms of systematization design using similarity theory, design factors and processing method of the restriction factors. Also, we analyzed the output voltage in terms of input voltage and displacement as choosing a differential transformer as the model.

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Influencing Factors of Purchase Intention on Social Commerce in Cambodia : The Moderating Roles of Experience

  • Ly, Pichponreay;Cho, Wan-Sup;Kwon, Sun-Dong
    • Journal of Information Technology Applications and Management
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    • v.24 no.1
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    • pp.129-141
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    • 2017
  • Cambodia retail industry starts to entry SNS market. The online market of Cambodia is very unique. Facebook users of Cambodia are purchasing products, without electronic payment and delivery system. Therefore, this study focused on the immature online environment, proved the influencing factors of purchase intention on SNS. And also this study proved that the influencing factors on purchase intention are different, depending on whether or not a purchase experience exists. As results of analyzing with full data, price reduction, convenience, and customer service had significant impacts on purchase intention. The experienced group has significant effects of price reduction and customer service on purchase intention, while the inexperienced group has significant effects of convenience and customer service on purchase intention. This study provides marketing and strategic implications for companies seeking to enter the online market of Cambodia.

A Basic Study for Finding Methods to solve the Crisis of Construction Industry caused by Deterioration of Liquidity (유동성 악화에 따른 건설산업 위기극복 방안 모색을 위한 기초연구)

  • Kim, Eun-Sung;Lee, Sang-Hyo;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2009.05b
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    • pp.131-135
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    • 2009
  • Domestic construction industry is facing big difficulties by a worldwide financial crisis. Especially the deterioration of liquidity by the reject of banks for project financing and unsold housing project made a big problem on financing for the ongoing and new projects. To solve this, it is critical for construction companies. banking facilities and public organizations to cooperate and support each other. In this study, the methods which each part can do are investigated. Construction companies can do a price reduction, finance condition improvement for deposit and down payment, asset sale and cost reduction. And Public organizations can buy the assets of construction companies with proper price and ease the regulation to activate transactions of real estate. In the case of Banking facilities, they can support arrangement and liquidation of insolvent projects and so on.

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Study on Modularization of Components for Cost Reduction of Sail Yacht Steering System

  • Kim, Young-Hun
    • Journal of Ocean Engineering and Technology
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    • v.34 no.6
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    • pp.469-474
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    • 2020
  • This study aims to improve the price competitiveness of a steering system with a relatively high cost portion among sail yacht components. Hence, the components of the steering system were analyzed, and steering system modularization was proposed. The fabrication processes before and after the application of modularization was presented. For modularization, primary components such as the pedestals and quadrants of the steering system were developed, and the structural safety of the components was reviewed. It was confirmed that the manufacturing cost of the developed steering system decreased by approximately 33% compared with the existing system. The new steering system presented herein is expected to contribute to the localization of components and price competitiveness of sail yachts.

The Economic Effects of Tariff Reduction Based on Economic Structures (경제구조 변화에 따른 관세 감축의 파급효과 분석)

  • Hee-Yong, Lee;Sang-Ho, Lee;Ik-Su, Kim
    • Korea Trade Review
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    • v.47 no.4
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    • pp.125-135
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    • 2022
  • This study is to analyze the economic effects of tariff reduction using computable general equilibrium(CGE) model. We set up the social accounting matrix for five-base equilibrium year. Our main findings are as follows. First, the impact of tariff reduction on GDP was different from time to time. It meas that the differentiated economics structure was affected by tariff reduction. As our economic grew up, the impact of tariff reduction was measured much higher. Second, until 1995 the impact of tariff reduction on total export and import was increased, then while 1995 the increase was dropped. This is because we reduced the tariff by the WTO negotiations. Third, the tariff reduction affected the price of imported goods, so it contributed to substitute effects between domestic and imported goods. According to these results, we found out the importance of the linkage between the tariff reduction and economic structure.

A Survey on the Awareness for the Reduction of Food Wastes by the Use of University Cafeteria (대학 구내식당의 이용실태에 따른 잔반 감소를 위한 의식조사)

  • Park Sang-Wook;Shin Eun-Mi
    • The Korean Journal of Food And Nutrition
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    • v.19 no.1
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    • pp.91-102
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    • 2006
  • The goal of this study was to find the way of reduction on food wastes in the university cafeteria. Four hundred and two students from three universities in Daejeon city were surveyed. The data were analyzed by SAS program. The results were summarized as followings: 24.95% of the total users use the university cafeteria everyday. Reasons for the utilization were listed as time saving 31.40%, near place 26.73%, low price 23.16% and no other place to eat 17.82%. Recommendations for the improvements of university cafeteria were listed as menu variation 38.26%, taste 37.83%, price decrease 10.43%. Female students left more food wastes than male students and most leaving food was side dish than Bab, Guk and Kimchi. The major reason of leaving foods was shown to be influenced by the taste and amount of foods supplied in university cafeteria. And they preferred kimchibock-kumbab to other kinds of bab. But they disliked Flounderjolim, pickled anchovies, Ggonchigui, Ginger, Burdock, Lotus root and Crown daisy. The perception of users on the reduction of food waste was 84.10% of total students. The students who know on the method of food wastes treatment were 58.26%. Improvement for reduction of food wastes of university cafeteria can be summarized to emphasize on taste, menu variation, adequate of serving size, also that should be conduct studies for systematic administration method and standard education for reduction of food waste.