• Land and Housing Review
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• v.3 no.4
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• pp.333-341
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• 2012

The financial resources for public land banking enacted by Public Land Banking Act (2009) are LH (Korea Land and Housing Corporation) contributions, LH Bond, Land Bank revenues, etc. But, in real, the efficient funding resource is mainly LH bond. In these days, LH has experienced deep financial distress, and difficulties in issuing it's bond. Therefore, Land Banking project also has been inactivated because of poor financial resources. As Land Banking project depending its financial resources mainly on LH Bond does not have financial sustainability, it is necessary to reform the fundamental funding structure. This is the starting point for the topic of this paper. This paper suggests to reform the funding structure, and to introduce Land Bank Bond guaranteed by Government, and also to modify the accounting method of Land Bank to separate the Land Bank accounts with LH accounts. The funding structure reform can be summarized as follows; In early stage of the Land Banking project, sufficient government support by guaranteeing the Land Bank Bond is necessary. Gradually, the portion of LH's contribution can be increased in company with LH's financial distress being solved and administration being normalized. When the project reached on the stage of maturity, cash inflows by selling the reserved land can exceed the cash outflows for reserve new land. To introduce the Land Bank Bond guaranteed by government, the Public Land Banking Act (2009) should be revised. Along with this, to modify the accounting method of Land Bank, the rule for public enterprise accounting system must be partially revised.

• Journal of dental hygiene science
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• v.13 no.3
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• pp.330-338
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• 2013

In order to explore microleakage in class V cavity based on different kinds of several dentin adhesive and composite resin, 2 kinds of composite resin was restored and exposed after applying 4 kinds of dentin adhesives. Deposited in methylene blue solution for 4 hours and cut in parallel with tooth longitudinal axis. By observing dye penetration level of enamel and dentin margins of each restored resin following conclusion was obtained. 1. In composite resin Filtek Z350XT Universal (3M/ESPE Dental Products, USA) in enamel margin, Easy Bond (3M/ESPE Dental Products) showed the lowest microleakage and this leakage was represented to be high in the order of Single Bond 2 (3M/ESPE Dental Products), Scotchbond Multi-Purpose (3M/ESPE Dental Products) and Cearfil SE Bond (Kuraray Medical Inc., Japan). In case of Filtek Z350XT Flowable (3M/ESPE Dental Products), Scotchbond Multi-Purpose showed the lowest microleakage and this leakage was represented to be high in the order of Single Bond 2, Clearfil SE Bond and Easy Bond. 2. In case of Filtek Z350XT Universal in dentin margin, Easy Bond showed the lowest microleakage and this leakage was represented to be high in the order of Scotchbond Multi-Purpose, Single Bond 2 and Clearfil SE Bond. In case of Filtek Z350XT Flowable, Scotchbond Multi-Purpose and Single Bond showed the lowest microleakage and this leakage was represented to be high in the order of Clearfil SE Bond and Easy Bond. 3. In all the groups excepting S-U group (Single Bond 2+Filtek Z350XT Universal), enamel margin showed more higher microleakage than that of dentin margin. 4. There was a difference between enamel and dentin margin among each group but it was not significant statistically (p>0.05). When summarizing this result, it is considered that composite resin and dentin adhesive could be applied selectively and particularly in case of applying 1-step self-etching dentin adhesive, this method would be advantageous for manipulation convenience and shortening of operation time.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.195-210
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• 2020

This study describes the structure of the capital markets for small- and medium-sized enterprises (SMEs) and startup companies in Korea, which is an emerging market that has experienced drastic changes. The overall capital market can be divided into private and public capital markets. In the private capital market, most of the demand for capital comes from non-listed private firms, including startups and SMEs. In the case of SMEs and startups, the KOSDAQ, the Korea New Exchange (KONEX), and primary collateralized bond obligations (P-CBOs) are part of the public capital market. SMEs and startups are generally incapable of raising sufficient capital owing to their low credit ratings, and they largely have limited access to primary markets to issue shares and borrow money. The Korean government has developed a systematic financial aid program to provide funds to these companies. The fund for SMEs has significantly contributed to the development of the venture capital market. Many Korean banks provide substantial lending to SMEs, but this lending is available only because of the Korean government's loan recovery guarantee. Furthermore, SMEs can issue corporate debt in the form of primary collateralized bond obligations through government guarantees, but such debt issuances have placed increasing pressure on public guarantee institutions.

• Korean Journal of Construction Engineering and Management
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• v.21 no.4
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• pp.21-29
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• 2020

This study analyzed problems of operating performance bond for public works and derived some suggestions for improvement. The Contract Law for Government Owner requires to submit performance bond which guarantees performing the construction contractor pays back compensation money when the obligation is not executed. Currently, first bid eligibility for participation is exactly required for executing company of performance bond obligation, not considering volume, technical level, and special type of remaining works. In collaboration contract, if guarantee accident occurs, it is obliged for remaining collaboration contractors to be qualified to fulfill the whole contract. This study proposes following improvement plan to solve problems of current performance bone in public works. Firstly, qualification criteria must be deregulated exceptionally for selecting proper contractor, which executing performance bond obligation, considering progress and characteristics of remaining works. Secondly, In collaboration contract, the prerequisite of remaining contractors' should be deregulated as 'implementation requirement of the remaining works'from'implementation requirement of the whole work'. Finally, defect responsibility should be included in liabilities of performance bond by specifying that owner or guarantee agency bear them.

• Proceedings of the Korea Concrete Institute Conference
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• 1996.10a
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• pp.122-126
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• 1996

In recent years, plenty of problems in the large-scaled bridges, piers…have been reported to the public due to the severe environment factors. The use of Epoxy-Coated reinforcement against salt and sulfate corrosion is considered as a reasonable solution and tested to study the bond performance between the thickness of coating and bond stresses. The results are that the strength of bond was decreased by 10 to 13 percent in the case of 100$\mu\textrm{m}$ of coating thickness and by 15 to 25 percent in the case of 200$\mu\textrm{m}$ to 300$\mu\textrm{m}$ and significantly fell down when the thickness was above 300$\mu\textrm{m}$. Accordingly, a 200$\mu\textrm{m}$ coating-thickness to the reinforcement is suggested to maintain the acceptable bond mechanism and goes well with the ASTM(item NO.A775) and those of Korean Concrete Institute.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2000.04a
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• pp.16-32
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• 2000

This paper aims at exploring financing methods for port development in response to unification of South and North Korea. In so doing, methods of port financing employed by major countries have been enumerated. Major financing sources for the two Korea, among others, taxes, public bond, public administration fund, establishment of harbour maintenance tax, port development tax, port development fund, Civil Economic Cooperation Fund of South and North Korea, and Fund for Port Development of North Korea and, fund for cooperation of South and North Korea, Economic Development Cooperation Fund, borrowing of foreign capital, project financing, domestic civil capital investment, foreign capital investment, application of cross-subsidization principle, etc. were suggested.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.15-25
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• 2020

This empirical research aims to identify the relationship between fiscal and financial macroeconomic fundamentals and the volatility of government bonds' borrowing cost in an emerging country - Vietnam. The study covers the period from July 2006 to December 2019 and it is based on a sample of 1-year, 3-year, and 5-year government bonds, which represent short-term, medium-term and long-term sovereign bonds in Vietnam, respectively. The Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model and its derivatives such as EGARCH and TGARCH are applied on monthly dataset to examine and suggest a significant effect of fiscal and financial determinants of bond yield volatility. The findings of this study indicate that the variation of Vietnam government bond yields is in compliance with the theories of term structure of interest rate. The results also show that a proportion of the variation in the yields on Vietnam government bonds is attributed to the interest rate itself in the previous period, base rate, foreign interest rate, return of the stock market, fiscal deficit, public debt, and current account balance. Our results could be helpful in the macroeconomic policy formulation for policy-makers and in the investment practice for investors regarding the prediction of bond yield volatility.

• Journal of Technologic Dentistry
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• v.39 no.2
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• pp.101-107
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• 2017

Purpose: The purpose of this study was to compare the shear bond strength of the metal-heat pressed glass ceramic bilayer structure. Methods: Metal framework specimens were prepared and surface is spreaded opaque(IPS InLine system opaque, IvoclarVivadent, Liechtenstein). There were 10 specimens for each bilayer dental ceramic group. The first group was porcelain fused metal, Press on metal IPS Inline press group, and press on metal HASS prototype group. Specimens measured for the shear bond strength on Schwickerath test by Instron universal testing machine(Instron3345, Instron Corp., USA). Mean average bond strength values of each specimen group were analyzed using a one-way ANOVA analysis of variance Saphiro-wilk's test. Statistical analysis were performed using IBM SPSS 23.0(IBM Co., Armonk, USA) Results: $RMS{\pm}SD$ The highest mean average HASS POM showed a bond strength value ($47.55{\pm}12.80Mpa$). The lowest mean average values Porcelain fused metal ($33.30{\pm}2.00Mpa$). Independent t-test was conduct to analysis the significant difference (p<0.05) (Table 3). Conclusion: Three kinds of Metal/ glass bilayer dental ceramics bond strength were clinical acceptability. Especially, as lithium disilicate containing represents higher bond strength.

• Journal of dental hygiene science
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• v.13 no.4
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• pp.487-492
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• 2013

This study aimed to illuminate the correlatives between the surface processing of Zirconia core and the shear bond strength. The specimens were made by precipitating for two minutes in color liquid and drying to produce a colored Zirconia core following the manufacturer's instructions. The specimens were divided into 4 subgroups according to the surface treatment-sandblasted+liner treatment, SLT group; sandblasted treatment, ST group; liner treatment, LT group; non treatment (control), NT group. The specimens were put on the device with regard to ISO/TS 11405, then tested the shear bond strength with 1 mm shearing speed per minute using the Instron multi-purpose tester. The collected data was analysed by one way ANOVA and t-test. After applying the liner and sandblast to the Zirconia core, shear bond strength value were SLT (23.19 MPa), ST (21.17 MPa), LT (20.53 MPa) and NT (16.46 MPa) in the order. There was a significant difference in the surface roughness between NT and ST group (p<0.001), and in the compressive shear bond strength between NT and SLT group (p<0.05). Therefore, sandblasted plus liner treatment on pre-sintered substructure increased the bond strength of veneering ceramic, compared with other surface treatments.

• Analyses & Alternatives
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• v.7 no.3
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• pp.181-230
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• 2023

Evaluating the empirical validity of Modern Monetary Theory, this study implements panel cointegration analysis on annual panel data (2000-2022) of OECD countries. Specifically, the sample countries are divided into groups based on the presence of their own sovereign currencies, and for each group, the long-run equilibrium relation (cointegration) between the ratio of public debt or fiscal deficit and government bond rates is tested and estimated. Main findings are as follows: applying the pooled mean-group estimation for panel cointegration, it is found that both the ratios of public debt and fiscal deficit have significantly positive long-run correlation with government bond rates in countries without sovereign currency such as the Euro-zone or fixed exchange rate regime countries. However, in countries with sovereign currency such as non-Euro-zone or floating exchange rate regime countries, the long-run correlation is either negative or not statistically significant. Particularly, in countries without sovereign currency, the ratio of public debt has significantly positive correlation with the real government bond rates in the short run as well as the long run. These results are consistent with the prediction of Modern Monetary Theory, thus providing a supporting evidence for the empirical validity of the theory.