• Title/Summary/Keyword: Real Assets

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A Study on Evaluation Methodology of Intangible Assets (무형자산 평가 기법에 관한 연구)

  • Hwang, Young-Seob;Leem, Young-Moon
    • Proceedings of the Safety Management and Science Conference
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    • 2008.04a
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    • pp.47-51
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    • 2008
  • Recently, the development of technology has been rapidly proceeding with information technology in various fields. Due to their abstract properties, proper evaluation of intangible assets is very difficult compared to evaluation of tangible assets. Intangible assets are knowledge, technology, and design etc. In general there are two approaches to evaluate the intangible assets such as qualitative and quantitative approach. The qualitative approach contains scoring approach, profile approach, checklist approach, and quantitative approach. Quantitative approach contains cost approach, market approach, income approach, and real-option approach. As an initial step for evaluation of safe work environments, this study compares and analyzes evaluation methods of intangible assets.

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Portfolio of Real Estate Price Index for ICT Environment Study on Diversification Effect (ICT 환경에서 부동산 가격지수 포트폴리오 분산효과에 관한 연구)

  • Jang, Dae-Seub;Min, Guy-Sik
    • The Journal of the Korea institute of electronic communication sciences
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    • v.9 no.3
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    • pp.393-402
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    • 2014
  • ICT environment to the survey released by the Bureau of Statistics 2012 Household Finance. Korean Welfare survey 24.9% of all households in financial assets, real estate is about three times more than 69.9%, respectively. The problem is that the information is slow and income deciles(deciles 1-4), a relatively high proportion of households with low(78.8 to 69%) of the real estate assets of the expansion of the world economy with low growth and low uncertainty, work from home due to the information changes in the structure of the economy, such as increases in real estate prices remain exposed to the risk of a phenomenon such as Pour House Pour Talent and low-income people is bound to be more serious symptoms. This low correlation is by constructing a composite asset portfolio, the weighted average risk of the individual assets while increasing overall revenue decrease that risk is based on the principle of portfolio by type and different areas in the ICT environment in a portfolio of real estate price index low correlation to financial assets by including the effect of dispersion stable complex asset portfolio and empirical Growth was divided.

Protection of military bases and military facilities in the real estate assets held by the Ministry of National Defence study on the efficient management (군사시설보호법에 의한 국방부 보유 부동산 자산의 효율적인 관리방안에 관한 연구)

  • Shin, Kwang-Shig;Kim, Dong-Hyun
    • The Journal of the Korea institute of electronic communication sciences
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    • v.7 no.1
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    • pp.181-186
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    • 2012
  • This study military and local authorities to set up military reserves has often caused friction. Therefore, military bases and military facilities around the Act's real estate management practices that can be was to prepare. As a result, the first government to develop a plan to train real estate professionals are actively involved with the Advisory Board shall be utilized to configure. Utilizing the second army of real estate assets for future urban development should be. The third section, research on military protection should be continued. Finally, border management and development plans to propose the measures that should be carried out.

Financial Structures of Real Estate and the Factors Influencing on It by Subjective Financial Adequacy for Later Years among Middle & Old Aged Households (중.고령자 가계의 주관적 노후대비충분 여부에 따른 부동산 자산구조와 영향요인)

  • Jeong, Woon-Young;Lee, Hee-Sook
    • Journal of the Korean Home Economics Association
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    • v.48 no.4
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    • pp.1-12
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    • 2010
  • The purpose of this study was to find the differences of financial structures of real estate and the factors influencing on it between two groups of subjective financial adequacy and non-adequacy for later years among middle & old aged households. The data were drawn from KREIS(Korean Retirement and Income Study) surveyed by National Pension Research Institute in 2007, and 3,889 couple households with householder's age over 50 were selected. Major findings were as following. First, only 19.3% of households answered that they had enough money for later years. And they had lower real estate-to-total assets ratio (.84) and lower residential house value-to-total assets ratio (.52) than the counter part. Second, for the group who answered that they had enough money for later years, the factors influencing on total real estate were found to be income, debt, and liquid assets.

Study on the Gender Differences of Financial Risk Tolerance (남성과 여성의 투자위험 감수성향 차이에 관한 연구)

  • Lee, June-Young;Jung, Ji-Young
    • Journal of the Korean Home Economics Association
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    • v.49 no.10
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    • pp.1-13
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    • 2011
  • This paper examined how men and women differ in the attitude and behaviour of financial risk tolerance. The results showed that women were less risk seeking than men in financial risk tolerance. The results of the investment simulation indicated that men invested in higher risk assets like stock. In contrast, women prefered to invest in lower risk assets like real estate. The results of multiple regression analysis showed that if investors have the propensity to take more risk they allocated their money to higher risk assets in the simulation. This analysis also showed that the surveyed respondents invested in risky assets if they had experience in high risk investment in the past.

The Impact of Real Estate Value Changes on Retirement Preparation : Focusing on Private Pensions (부동산의 가격변화가 노후준비에 미치는 영향 : 사적연금을 중심으로)

  • Kim, Dae Hwan;Lee, Dong Hyun
    • Korea Real Estate Review
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    • v.28 no.3
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    • pp.53-64
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    • 2018
  • OECD countries have been stimulating private pensions instead of public pensions because the financial stability of public pensions has been threatened by the aging population. Korea, which has the fastest aging population in the world, has been following the recommended policies of major countries. Unlike major economies, however, most of Korea's household assets are composed of real estate assets. Due to the economic and social importance of real estate assets in Korea, the wealth effect of real estate has been used as a major tool in macroeconomic policy. This study analyzed the effect of real estate value changes on the contribution of private pensions (personal pension + retirement pension). Utilizing a two-way, fixed effect model with the balanced panel data of the National Survey of Tax and Benefit, empirical results presented that the private pension contribution increased by 0.171% when the value of real estate increased by 1%. Thus, real estate value changes were analyzed as positive for retirement preparation through private pension. These results suggested that if the real estate market would shrink in the future, consumption would decrease, and the degree of preparation for retirement might be smaller.

How Have Financialization and Offshoring Affected the Firm's Investment in Korea?

  • Lee, Woocheol;Kim, Joonil
    • Asia-Pacific Journal of Business
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    • v.10 no.3
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    • pp.1-16
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    • 2019
  • This paper examines how firm's investment has been affected by offshoring and financialization in Korea over the period 2000-2014 by using industry-level data collected from World Input Output Database (WIOD) and firm-level data collected from the KIS-Value Database. The findings are summarized as follows. First, offshoring index as expected shows a negative relationship with real investment. This negative impact is stronger in a large firm group. Second, there is a positive relationship between dividend payments and real investment. The positive relationship is greater in a small & medium-sized firm group. Third, the purchase of financial assets and the income generated from financial assets are positively related to real investment. The positive relationship is stronger in the small & medium-sized firm group. The empirical results show that firm size is a factor that effectively affects firm's real investment. This paper suggests that the influence of financialization and offshoring on firm's real investment should be assessed in various contexts rather than in a unilateral context.

CMTO: An Inquiry into the Activation for Real Estate Security Token of the Digital Asset Hour (CMTO: 디지털 자산 시대의 부동산 토큰 증권 활성화 방안 연구)

  • Jeongmin Lee;Minhyuk Lee
    • Journal of Information Technology Services
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    • v.22 no.4
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    • pp.81-95
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    • 2023
  • The emergence of Security Token has revolutionized the way assets are traded, bringing efficiency, transparency, and accessibility to the market. However, the Real Estate Security Token market faces challenges, particularly in terms of liquidity. The CMTO(Collateralized Mortgage Token Obligation) model addresses this issue by introducing a novel approach that combines the benefits of NFT(Non-Fungible Token), STO(Security Token Offering), and CMO(Collateralized Mortgage Obligation) techniques to enhance liquidity and promote investment in Real Estate Security Token. The CMTO framework functions by allowing DABS token investors to leverage their tokens as collateral for loans. These token-collateralized loans are pooled together and form the basis for issuing Sequential CMO named CMTO. The CMTO represent a diversified portfolio of token-collateralized loans, providing investors with options based on their financial goals and risk preferences. By implementing CMTO, the Real Estate Security Token market can overcome liquidity challenges, attract a broader range of investors, and unlock the full potential of digital assets in the real estate industry.

The Relationship on Corporate Governance, Corporate Real Estate Holding Policies and Firm Value: Focus on IFRS Adoption (기업지배구조와 기업부동산 보유정책과 기업가치와의 관련성: IFRS도입을 중심으로)

  • Kim, Byung-Man;Lee, Chan-Ho
    • Journal of Digital Convergence
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    • v.16 no.9
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    • pp.125-132
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    • 2018
  • Despite the fact that corporate real estate ratio accounts for a considerable proportion of the assets, such researches and studies are lacking and there is not enough such policies to utilize real estate more effectively in Korea. In particular, after IFRS adoption, the owner and manager needs to utilize corporate real estate assets as the assets are revalued. In this study, we analyzed the relationship between corporate governance, corporate real estate holding policies and firm value based on financial data from 2010 to 2016. As a result of regression analysis, this study showed that more Dictatorship Portfolio, the higher proportion of corporate real estate holdings. Next, the higher proportion of corporate real estate holdings, the lower the firm value. This study suggests that corporate real estate is recognized an important factor and should have proper holding ratio. I will continue my research to show that the corporate holding policies are an important asset impact by verifying the mediating effect between corporate governance and firm value in the future.

ASS Design to Collect Manufacturing Data in Smart Factory Environment (스마트 팩토리 환경에서 제조 데이터 수집을 위한 AAS 설계)

  • Jung, Jin-uk;Jin, Kyo-hong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2022.10a
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    • pp.204-206
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    • 2022
  • Digital twin, which is evaluated as the core of smart factory advancement, is a technology that implements a digital replica in the virtual world with the same properties and functions of assets in the real world. Since the smart factory to which digital twin is applied can support services such as real-time production process monitoring, production process simulation, and predictive maintenance of facilities, it is expected to contribute to reducing production costs and improving productivity. AAS (Asset Administration Shell) is an essential technology for implementing digital twin and supports a method to digitally represent physical assets in real world. In this paper, we design AAS for manufacturing data gathering to be used in real-time CNC (Computer Numerical Control) monitoring system in operation by considering manufacturing facility in smart factory as assets.

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