• Journal of the Korean Society of Industry Convergence
• /
• v.27 no.1
• /
• pp.47-55
• /
• 2024

The purpose of this study is to provide basic data on effective urban regeneration projects and development directions for improving the quality of life of local residents by analyzing urban regeneration projects that have been carried out so far according to evaluation items on public design characteristics. The research method was divided into literature review and case study. The research results are as follows. First, through analysis of previous research, seven evaluation items for public design characteristics were derived: publicness, accessibility, regional identity, aesthetics, communication, functionality, and sustainability. The research subjects were four urban regeneration project cases carried out across the country. Second, among the seven evaluation items for public design characteristics, publicness was all highly applied, but the other six items were applied differently in each case. Third, to increase sustainability, we must use eco-friendly materials and consider sustainable maintenance methods, functionality must be strengthened in terms of functionality and comfort of public facilities and public spaces, and communicability must be improved for local tourists. We actively look for ways to communicate with the public, accessibility involves incorporating more universal design, aesthetics focuses on adding beauty to spaces and facilities, and regional identity focuses on the unique and unique characteristics of each region. We suggest finding a theme and actively using it in urban regeneration projects. Lastly, for an urban regeneration project to be successful, it is necessary to effectively apply not only publicness but also accessibility, local identity, aesthetics, communication, functionality, and sustainability. In the future, public design characteristics should be more actively applied and considered in urban regeneration projects.

• Journal of the Korea Society of Computer and Information
• /
• v.20 no.11
• /
• pp.163-168
• /
• 2015

Various methods have been used to solve the problem of the evaluation of the complex decision-making. In the case of public projects, used the AHP method to evaluate the pre-feasibility of the projects. In this paper, The pre-feasibility was referring to the 'General guidelines for the pre-feasibility' of the KDI and was used the AHP to evaluate for public projects of the H-city. In order to achieve this object, the structured hierarchical model and questionnaire developed based on the evaluation guidelines of the KDI. Also, the weight of evaluation factor was calculated based on the AHP method and was obtained the evaluation results for the project implementation alternative.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.800-807
• /
• 2009

The limited public funds available for infrastructure projects have led governments to consider private entities' participation in long-term contracts for finance, construction, and operation of these projects to share risks and rewards between the public and the private. Because these projects have complicated risk evolutions, diverse contractual forms for each project member to hedge risks involved in a project are necessary. In light of this, Build-Operate-Transfer(BOT) model is considered as effective to accomplish Public Private Partnerships(PPPs) with a characteristic of an ownership-reversion. In BOT projects, the government has used such an incentive system as minimum revenue guarantee(MRG) agreement to attract the private's participation. Although this agreement turns out critical in success of BOT project, there still exist problematic issues in a financial feasibility analysis since the traditional capital budgeting theory, Net Present Value(NPV) analysis, has failed to evaluate the contingent characteristic of MRG agreement. The purpose of this research is to develop real option model based on option pricing theory so as to provide a theoretical framework in valuing MRG agreement in BOT projects. To understand the applicability of the model, the model is applied to the example of the BOT toll road project and the results are compared with that by NPV analysis. Finally, we found that the impact of the MRG agreement is significant on the project value. Hence, the real option model can help the government establish better BOT policies and the developer make appropriate bidding strategies.

• Journal of Information Technology Services
• /
• v.13 no.4
• /
• pp.169-188
• /
• 2014

Recently the complexity and difficulty of the IT projects are increasing due to technological and environmental risks, resulting in the adoption of PMO(Project Management Office) onto IT project management practices, including public area projects. For example, the Korean government regulated the application of PMO onto large scale public IT projects. However, since there has been no reliable method to estimate the cost to execute PMOs, a PMO cost evaluation model to support the budget and cost planning of PMO projects is required. Thus, the purpose of this research is to develop a systematic cost evaluation model for PMO projects. We identified the dimensions that determine the PMO execution cost to be the scale of the subject project, the technical difficulty level of the subject project, and the tasks to be executed in the PMO project. Based on the determinants, the PMO execution cost model were developed from historical data and experts opinion. Upon verification, the validity of the developed model has high level of consistency compared with their experiences of real PMO project costs.

• Korean Journal of Construction Engineering and Management
• /
• v.15 no.5
• /
• pp.94-102
• /
• 2014

This study analyzes necessity of expanding construction insurance and estimates required budget. Construction insurance is obliged by National Contract Law and Local Contract Law to protect projet owners and contractors from any unexpected construction risk such as financial losses in construction process. Currently the contracts of design-build and alternate-bid projects as well as PQ project, which are greater than 20 billion won, require the contractors to provide construction insurances in Korea. Insurance premiums are borne by the public project owner. Those contractors whose contract volume is less than 20 billion won burden all risks of projects at their cost. This causes equity problem. Because small-and-medium contractors are discriminated against large contractors since insurance-obliged projects are performed by large contractors and insurance premiums are borne by the public project owner. On the other hands, in all engineering projects, regardless of volume, insurance premiums are borne by the project owner. Therefore current regulation has to be improved, by expanding to all public projects. The average ratio of unobliged projects is 46%, in recent 3 years, prime cost of insurance companies is estimated 0.2%. Moreover considering risks of each construction type, prime cost of unobliged works is estimated as 0.13%. Hence additional necessary budget is estimated to be 2.09 billion won if total volume of public work is 3.5 trillion won. And 2.39 billion won is derived if total volume of public projects is 4 trillion won.

• Journal of the Korean Society of Industry Convergence
• /
• v.25 no.2_2
• /
• pp.219-232
• /
• 2022

The aim of this study is to provide the dynamic convergence index that reflected the inherent characteristics of the convergence phenomenon and utilized the nationally-funded R&D projects data, thereby suggesting useful information about the direction of the national convergence R&D strategy. The dynamic convergence index that we suggested was made of two indicators: persistency and diversity. From a time-series perspective, the persistency index, which measures the degree of continuous convergence of multidisciplinary nationally-funded R&D projects, and the diversity index, which measures the degree of binding with heterogeneous research areas. We conducted the empirical experiment with 151,248 convergence R&D projects during the 2015~2021 time period. The results showed that convergence R&D projects in both public health and life sciences appeared the highest degree of persistency. It was presumed that the degree of persistency has increased again due to the COVID-19 pandemic. Meanwhile, the degree of diversity has risen with combining with disciplinary such as materials, chemical engineering, and brain science areas to solve social problems including mental health, depression, and aging. This study not only provides implications for improving the concept and definition of dynamic convergence in terms of persistency and diversity for national convergence R&D strategy but also presented dynamic convergence index and analysis methods that can be practically applied for directing public R&D programs.

• The Journal of the Korea Contents Association
• /
• v.10 no.8
• /
• pp.198-208
• /
• 2010

The object of this paper is to observe concepts and forms of public art projects that have been performed so far since 2000 by the domestic Non-Government Organizations (NGO) and the Government. For public art to improve social awareness of practical power to change human life and the environments of social, political, cultural and economic by providing a smooth communication flow to the community and help them reach a new level. Therefore, in this paper, we try to find out the status and diagnosis of domestic public art projects and make recommendations that public art should focus on community not itself for the future direction.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.203-211
• /
• 2009

Korean public owners who order public multi-family housing construction projects have yet to gain access to a model for predicting construction cost. For this reason, their construction cost prediction is mainly dependent upon historic data and experience. In this paper, a cost-prediction model based on Case-Based Reasoning (CBR) in the design phase of public multi-family housing construction projects was developed. The developed model can determine the total construction cost by estimating the different Building, Civil, Mechanical, Electronic and Telecommunication, and Landscaping work costs. Model validation showed an accuracy of 97.56%, confirming the model's excellent viability. The developed model can thus be used to predict the construction cost to be shouldered by public owners before the design is completed. Moreover, any change orders during the design phase can be immediately applied to the model, and various construction costs by design alternative can be verified using this model. Therefore, it is expected that public owners can exercise effective design management by using the developed cost prediction model. The use of such an effective cost prediction model can enable the owners to accurately determine in advance the construction cost and prevent increase or decrease in cost arising from the design changes in the design phase, such as change order. The model can also prevent the untoward increase in the duration of the design phase as it can effectively control unnecessary change orders.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2008.11a
• /
• pp.509-512
• /
• 2008

Clients demands have been changed by construction circumstances such as high-technology, mega-projects, and the complexity of construction. Advanced foreign countries have already introduced and applied new project delivery systems(i.e, CM, DB, etc.) to deal with the change of such that. Recently, Korea also launched two new project delivery systems, "Best Value Contracts to which the State is a Party" to provoke the project delivery system, which helps a public owner select a project delivery system appropriate to the project characteristics. Even though government has made his efforts as stated above, some clients have still used those to public construction projects uniformly. That is because there are not a selection criteria of project delivery system for clients. Therefore, this paper proposes the selection criteria of project delivery system based on project types in the public large construction projects.

• International Area Studies Review
• /
• v.20 no.4
• /
• pp.205-225
• /
• 2016

Many cities have instituted public art projects for the purpose of urban regeneration. The main objective of these projects is to revitalize an abandoned area through the culture of art. This endeavor however, seems to have become standardized, a one-time event, as institutionalized Public Art. The Maeulmisul Art Project has served as a complement to these problems, strengthening local identity and restoring community through use of local assets and artistic contributions of residents. There have also been areas in which the Maeulmisul Art Projects was taken as an opportunity to revitalize an area through linkage with other projects. This study examines the process of the formation of local identity and recovery of community through site-specific art of the Maeulmisul Art Projects. I would like to explore the possibility of implementing regional regeneration through use of the Public Art Project.