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An Economic Evaluation Study of Office Remodeling and Green-remodeling Projects : A Simulation Approach to a Rental Office in GBD, Seoul (생애주기를 고려한 오피스 건물의 리모델링과 그린리모델링의 경제성 평가 연구 : 서울시 강남업무지구의 임대오피스 사례)

  • Lee, Seong-Ho;Lee, Jae-Su
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.3
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    • pp.23-34
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    • 2018
  • Due to a waste of energy in korea, about 525,000 which are 75 percent of total buildings are at least 15 years old buildings that need remodeling. There are two current remodeling systems. One is a remodeling system to reduce a waste of resources from the reconstruction. The other is a green-remodeling system aimed to energy savings and reducing environmental costs. This study is to analyze quantitatively these current systems with respect to the cost-benefit caused by the life cycle and suggests the political and institutional implications through the interpretation of the results. For a quantitative analysis, we analyzed reducing maintenance costs and rent benefits with simulation by using opportunity costs, construction costs, plan costs and supervision costs as expense variables and using the reduced floor area ratio, institutional incentives, energy, water resources and certified emission reduction(CER) as benefit variables. As a result of the empirical study, the green-modeling was more beneficial in the field of environment such as the energy savings, however, the final benefits of remodeling which has no green building certification costs but more floor area ratio incentives were more economical. The green-remodeling system focused on reducing environmental costs and energy savings needs a equatable institutional incentive system.

Investigation into the Effectiveness on Customized Remodeling - Focusing on apartment houses completed during remodeling - (맞춤형 리모델링에 대한 실효성 검증 연구 - 리모델링을 추진중, 완공한 공동주택을 중심으로 -)

  • Yoon, Hyang-Seung;Kim, Gi-Soo
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.7
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    • pp.3-12
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    • 2018
  • The present remodeling makes almost no difference from rebuilding as all the building materials are removed remaining frame structure only. And, in case of vertical extension of building, higher construction cost and safety problem occur. The Ministry of Land, Transport and Maritime Affairs, therefore, recommends customized remodeling that can be made in light of the resident' needs such as parking lot, elevator, bathroom, and room for the alternative of remodeling of vertical extension of building. The purpose of this study is to present real data that can be referred to the constructor's decision making before starting the remodeling, by investigating and analyzing the weight and importance between evaluation factors for customized remodeling at the completed time of remodeling. Accordingly, the factors were divided into environmental factor, social factor, and economical factor, and the survey was performed for the residents living in remodeling houses. In addition, for the professionals, AHP (Analytic Hierarchy Process) has been carried out for the priority in the customized remodeling. For environmental factor, the level of importance made difference from that before remodeling, except parking level. For social factor, every item, including psychological satisfaction and community satisfaction, made difference. For economical factor, the recognition level of importance in rent made difference, except sale price of the factor for price satisfaction. In case of the factor for cost satisfaction, it was checked that construction cost and administration cost both could be considered important. As a result of AHP, the most importantly emphasized item was construction cost, and sale price, administration cost, residence structure, and parking lot were followed by priority in order. This study could contribute to reliably settle down customized remodeling by giving reasonable and substantial help from the analysis of the differences in the customized remodeling items before/after the remodeling.

A Study on the Need to Introduce Super-Long-Term Mortgage to Expand Freedom of Housing Choice (주거선택 자유 확대를 위한 초장기 모기지 도입 필요성에 관한 연구)

  • Hong, Sung-Hyun;Hong, Hee-Jeong
    • Journal of Digital Convergence
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    • v.19 no.2
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    • pp.13-19
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    • 2021
  • The purpose of this study is to find a reasonable solution that is compatible with the government's policy on calming the overheated housing market and the needs of prospective home buyers. For this purpose, this study analyzed the current state of the housing market and looked at the root cause of the people's desire to purchase housing. And this study suggested the need to introduce a super-long-term mortgage system that can help people choose whether to own or rent a house in accordance with individual preferences. The super-long-term mortgage system would be useful in that the majority of people who currently use mortgages prefer long-term loan products and that it could provide a chance to "get their own homes" by easing the monthly repayment burden for those who want to have homes. If the system is introduced in the future, it is necessary to make efforts for stable operation such as risk-hedge. In particular, the government should apply a limited application to end-users so that they can curb rising housing prices and contribute to stabilizing housing prices.

Is Carbon Neutral Policy Compatible with Sustainable Economic Growth? (탄소중립은 지속가능한 경제성장과 양립하는가?)

  • Park, Hojeong
    • Environmental and Resource Economics Review
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    • v.30 no.2
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    • pp.347-364
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    • 2021
  • Carbon neutral policy in Korea pays limited attention to the concept of sustainable economic growth. This limitation can be compared with other countries' carbon neutral policies such as US, UK and China where the climate change policies are closely connected to economic policies to boost further economic growth. This paper adopts a Ramsey growth model to account for the impact of carbon neutral policy on long-term economic growth and the accumulation capital. The model incorporates the Hartwick rule to allow sustainability of economic growth by transforming resource input into other input factor for growth. The analysis provides a possibility of low accumulation of capital as a result of carbon neutral policy in the absence of effective transformation of fossil-fuel factor into growth-related productive capital. Such low capital stock can be more aggravated when there exists a rent-seeking behavior of various interest groups with voracity to exploit social capital.

Proposal of User Filtering System for Black Consumer Extraction -focusing on Shared Electric Kickboard Users- (Black Consumer 추출을 위한 사용자 필터링 시스템 제안 -공유형 전동킥보드 사용자를 중심으로-)

  • Jang, Eun-Jin;Shin, Seung-Jung
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.21 no.4
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    • pp.97-102
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    • 2021
  • As the demand for shared-type electric kickboards increases day by day, various companies in Korea are also providing shared-type electric kickboard rental services. With the rapid growth of related fields, users can easily rent shared electric kickboards in the vicinity, but management after use is not performed properly due to the absence of a designated rental station, and It is a situation that electric kickboards are being damaged. For this reason, citizens' perception of shared electric kickboards has changed negatively, and it is said that the service of shared electric bicycles is limited in some cities. Therefore, in this paper, we propose a user filtering system that extracts Black Consumers that can negatively affect the rental system through indiscriminate use. When this system is introduced, it is expected that safe electric kickboard use and management will be possible.

Analysis of Factors Affecting Economic Feasibility of Long-term Public Rental Housing Reconstruction Project

  • Joe, Won Goog;Cho, Jae Ho;Son, Bo Sik;Chae, Myung Jin;Lim, Nam Gi;Chun, Jae Youl
    • Architectural research
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    • v.24 no.3
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    • pp.85-91
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    • 2022
  • The public rental housing policy aims to provide the housing to the vulnerable class who do not have enough credit to own houses. The Korean government introduced new policies for housing supply to improve the availability of new houses. However, it is difficult to expand the supply because of the accumulated deficit of public rental housing. In this study, the economic feasibility of long-term public rental housing reconstruction projects was examined to ensure the economic and sustainable growth of public rental housing. The research found that the compensation for the accumulated deficit is needed. Also the research analyzed and identified the factors affecting the economic feasibility of reconstruction projects. The significant factors identified in this research are: the supply price of pre-sale/rental housing in the reconstruction project, total cost of the reconstruction project, and total floor area of the reconstruction project. According to the analysis results, it is necessary to increase the rent of existing long-term public rental housing, expand the government subsidy, increase the supply price of pre-sale/rental housing, and reduce the total project cost. However, there are limitations. For example, the fluctuations of construction market, residents' burden of housing costs, and the limit of the budget of the public housing authority. The increasing total Floor Area Ratio(FAR) limitation of the reconstruction project would be the realistic solution to the problem because it gives incentives to the reconstruction project.

The Effect of Housing and Household Background of Young People on the Implementation of Youth NEET (청년층의 주거와 가구배경이 청년니트 이행에 미치는 영향)

  • Kwanghoon Hwang
    • Land and Housing Review
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    • v.14 no.3
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    • pp.1-15
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    • 2023
  • Using youth panel data, this study attempted to diagnose the effect of residential characteristics (housing type and housing type) and various household background variables on the implementation of youth NEET (Not in Employment, Education or Training), and to suggest appropriate policy directions. As a result of the analysis, it was found that young individuals residing in unfavorable living conditions such as those who rent on a monthly basis or live in multi-household, villa, or officetel settings, had a higher likelihood of transitioning to NEET. Those who received financial support from their parents were more likely to transition to NEET. Therefore, comprehensive youth NEET support policies such as customized housing and job policies according to the characteristics of NEET should be established. In particular, even though they have reached adulthood, it is shown that the likelihood of becoming NEET is very high for youth who live together with their parents without being economically independent or who receive financial assistance from their parents. In order to mitigate and prevent these young people from NEET transition, transitioning from school to the labor market should be facilitated with policy support.

The Analyses of Gaps in Reliability and Quality Performance among the Levels of Supply Chain Orientation of Korean Foreign Direct Investment Firms (한국 해외직접투자기업의 공급사슬지향성의 수준에 따른 신뢰성과 품질 성과의 차이분석)

  • Bae, Hee-Sung;Kim, Eun-Soo
    • Korea Trade Review
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    • v.43 no.3
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    • pp.147-168
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    • 2018
  • Korean foreign direct investment (FDI) firms procure cheap raw materials, produce goods in developing countries featuring low rent and labor costs, and sell goods in world market. In this regard, global supply chain management is important to Korean FDI firms. The objective of this study is to analyze gaps in the performance of reliability and quality of supply chain orientations. To achieve this objective, this study confirms theoretical relationships between variables through prior research, selects measuring variables, and analyzes data collected from Korean FDI firms. Results are as follows; First, there is a gap in reliability performance among the levels of supply chain orientation. Managers should check the level of their supply chain orientation and make strategic and structural efforts to improve reliability performance. Second, there is a gap in quality performance among the levels of supply chain orientation. To improve quality performance, managers should identify the level of their supply chain orientation. In addition, managers can enhance quality performance on the basis of strategic and structural efforts.

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The Analysis on the Characteristics of Residential Mobility by Life-Cycle (생애주기에 따른 주거이동 특성 분석)

  • Choi, Yeol;Kim, Young-Min;Cho, Seong-Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.3D
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    • pp.313-321
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    • 2010
  • This study analysed the characteristics of residential mobility according to the household's life-cycle to observe the housing filtering process in Busan. The questionary subjects were adult 40 and over who inhabited in Busan and surveyed residential career about residential mobility. The analysis result of statistical data and result of questionary reveals similar result every articles, the summaries are as follows : Examining housing where the respondent live presently, apartment dominate absolutely high ratio as housing type and owner-occupation as housing tenure type, and housing size is about 30 pyeong, dwelling period is 6 years to 10 years. Saving and loan hold a large majority to make housing capital, that means, they apply housing finance to getting own housing despite it is impossible with present household's income to have owner-occupation of desired housing. This is different custom ours from foreign's that rent a house. However, as aspect of residential satisfaction, most household recognised that quality is improved, because residential mobility expanded housing size and changed tenure type and showed fairly high satisfaction with their present resident.

Development of a Simulation Model for Housing Market Policy Considering Demand-Supply Shift between Sales and Rental Market

  • Yoon, In-Seok;Lee, Hyun-Soo;Park, Moonseo;Lee, Seulbi;Kwon, Byung-Ki
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.176-182
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    • 2017
  • The housing market is divided into several sub-markets that operate independently. One of them is the distinction between rental and sales markets. Simultaneously, since the housing is a commodity as well as an asset, it has a close relationship between the rental market and the sales market. Due to the unique structure of Korea, it is difficult to apply the general method to analyze the housing market. This means there is a great deal of concern about side effects from the policy. Actually, the government's subsequent regulation of speculative demand in the future may be necessary to prevent market overheating, but at the same time, there is a fear that the rent will rise. Although changes in policy direction may be inevitable due to changes in market conditions, frequent and sudden changes in policy cause confusion in market participants, causing unrest in the housing market. This study aims to derive main factors and correlation with other housing market factor. These factors will be a base of qualitative housing market model to analyze the market effect of the demand-supply shift. Modeling is based on the system dynamics methodology, which is useful for identifying interactions between variables reflecting various variables in the housing market. The model discussed in this study is expected to provide integrated insight into the key variables of the housing market, away from the monopolistic thinking. It can also be useful as a means of assessing the effectiveness of policies.

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