• International Commerce and Information Review
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• v.10 no.3
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• pp.265-290
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• 2008

Domestic industries are facing the open era as a result of signing the Korea-U.S. FTA with no exception to the financial industry. The FFA between two countries is expected to produce pros and cons for domestic financial industry. Therefore, it is very important to minimize the shock caused by opening our financial market and to adopt the advanced financial tools actively. Signing the Korea-U.S. FTA and enforcing the Integration Law of Capital Market are leading a big crisis to the Savings Banks which have been shrinking under the dramatically changing domestic financial environment since the financial crisis. To cope with financial globalization, Korean Savings Banks are demanded to build up their concrete identity and reposition their status. This is related to shaping the long-term position of domestic financial industry. Therefore, the Savings Banks must take the growth strategy for their survival, and it is an inescapable choice. Several options are available: big scale operation and diversification of business functions, reinforcement of local-focused mediating function of funds, establishment of strategic alliance with other financial firms, reinforcement of risk management system and core competence, nourishment and employment of professional manpower, and active deregulation and policy support. When the Savings Banks are refurbished as an independent local bank performing the central role of local finance, the bright future can be their destiny under the enormously changing global financial environment. Also, two more conditions need to be satisfied: to establish horizontal networks among local banks directed by cooperative Korea Federation of Savings Banks to reverse the weak scale position, and to satisfy their own peculiar niche market with internal countermeasure to face global financial networks.

• Journal of Korean Society of Transportation
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• v.20 no.7
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• pp.167-175
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• 2002

The objective of this study is to reveal a shipper's preference for road freight transport according to commodity classification code. The shipper's preference in freight transport can be obtained by using value of travel-time savings. The characteristics of freight are so various that the shipper's preference also appear widely different. In these days, there were few attempts to estimate value of freight travel-time savings in Korea. but most of them included only rail or marine freight transport so it couldn't obtain unique travel-time savings for road freight transport. In this study the value of travel-time savings of road freight transport was estimated according to commodity classification code. Revealed preference method and associated binominal logit models were applied to estimate the value of travel-time savings in transit from a Seoul metropolitan commodity flow survey data in 1998. Data sets were segmented by commodity classification code and nineteen binominal legit models were estimated according to segmented groups. The results of this study showed that the value of freight travel-time savings varied wide ranges from 16,441 won to 66,769 won per hour a vehicle along with commodity classification code.

• Electric Engineers Magazine
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• s.352
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• pp.23-27
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• 2011

• The Journal of the Convergence on Culture Technology
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• v.5 no.4
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• pp.277-282
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• 2019

This study analyzed the determinants of the financial Soundness of savings banks. In particular, empirical analysis was carried out on how the loan deposit ratio correlates with financial soundness after restructuring. As the restructuring of savings banks was finalized in 2014, asset management changed and it is time to analyze the financial characteristics of savings banks. In summary, the relationship between the savings bank lending rate and the NPL ratio is estimated to have a negative value at the 1% significance level. In other words, the higher the mortgage rate, the lower the substandard and below ratio. It can be said that it is not easy for a savings bank to build an aggressive loan portfolio. In other words, the more difficult it is to finance loans through savings deposits, the more likely the risk aversion tends to be. The higher the corporate loan ratio, average interest expense, and economic growth rate, the higher the risk index. The larger the asset size and the higher the loan growth rate, the lower the risk index. Increasing the mortgage rate may reduce risk-seeking behavior, but it does not mean that it is unconditionally positive for savings banks. Therefore, the loan deposit rate regulation should reduce the incentives for excessive asset expansion and manage preemptive soundness through lending portfolio management.

• Journal of the Korean Institute of Landscape Architecture
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• v.27 no.2
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• pp.19-28
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• 1999

This study quantified shading, evapotranspiration and windspeed-reduction effects of trees on use and cost of heating and cooling energy in two residential neighborhoods of Chuncheon different in tree cover. Annual savings per residence of heating energy were approximately 1,210 MJ(1%) and those of cooling energy, 130 kWh(10%) in study district 1 having tree cover of about 10% . For district 2 with tree cover of about 20%, annual heating and cooling savings were 2,130 MJ(2%) and 180 kWh(19%) per residence, respectively. Trees annually saved energy costs by approximately ￦31,000 ($26, $1=￦1,200) per residence in district 1 and by ￦49,000($41) in district 2. One tree taller than 3 m resulted in annual energy savings of ￦8,000($7) in the study districts. Energy savings by trees in district 2, which had higher tree cover by 10% difference than district 1, were about 2 times greater than those in district 1. This implies that more tree plantings could enhance energy saving effects. Of the total costs saved, 58% was attributed to windspeed reduction and 47%, evapotranspiration. However, shading increased energy costs by 5% due to tree plantings at the wrong locations. Full tree plantings on the west and north of buildings and avoidance of shade-tree plantings of use of solar-friendly trees on the south are recommended to increase building energy savings efficiently.

• Journal of Korea Trade
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• v.23 no.5
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• pp.66-86
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• 2019

Purpose - This paper describes the use of trade preferences under the EU-Korea free trade agreement (FTA) and empirically examines potential reasons for the less than full use, using data on daily EU imports from Korea at the product level. Design/methodology - We employ a probit model to analyse the relationship between the use of trade preferences on the one hand and variables such as potential duty savings, rules of origin and the characteristics of the good traded (intermediate input or final product) on the other. Findings - The paper finds that EU imports from Korea make good use of trade preferences with an overall preference utilisation rate of close to 90% in 2016, which is up from about 80% in 2012. It further shows that potential duty savings influence preference utilisation positively and that more than one quarter of the observations in our sample made use of preferences under EU-Korea FTA in 2012, despite duty savings standing at €10 or less. Originality/value - The finding that a non-negligible share of observations use preferences even when the duty savings are low has not yet figured in the literature. We further show how preference utilisation rates differ by importing EU Member State and by section of the Harmonised System and estimate the marginal impact of an increase in potential duty savings on the preference utilisation rate by broad product group, which is novel.

• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.754-756
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• 2005

This paper describes a comprehensive set of the reviewed several baseline techniques for demand savings calculations. Major difference exist in the demand savings calculations due to different baseline methods. In this paper, we review the existing baseline techniques and investigate several thought-provoking issues.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1694-1714
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• 2007

This study is to estimate economic benefits of Standardization R&D of Urban Rail System. Benefit was to be realized through standardization of main areas such as train vehicle, railway, power system, and signal system. To derive and calculate the quantitative benefit, the sources of economic impact was divided into three dimensions -operational cost savings, import substitution, and safety effects. Economic effect of the standardization was categorized based on a modified BSC model. Economic benefits from time and labor savings are converted into cost savings. Import substitution and investment multiplier effect have a positive impact in addition to cost savings. The estimation of the standardization R&D of Urban Rail System was conservatively estimated 370 billion Won. Cost effectiveness of standardized safety system was conservatively translated into economic benefit in this analysis. This study provides a practical guide to economic evaluation of the various railway R&D projects.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.2
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• pp.239-241
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• 2009

In this paper, an estimation methodology for stand-by energy savings of electric appliances is proposed and some case studies are carried out for televisions. The methodology is based on learning curves and diffusion models, which are able to explain the market characteristics such as market prices and the diffusion speed. Some models were developed to estimate power and energy savings for high-efficient appliances and these model have been used broadly. These models are also applied to this study and modified to estimate stand-by energy savings.

• KIEAE Journal
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• v.10 no.6
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• pp.33-39
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• 2010

Visual Environment and productivity are correlated. So we need to create a comfortable visual environment and maintain proper workplane illumination level. We can obtain lighting energy savings and comfortable visual environment using daylight and LED lights. In this study, we characterized the indoor illuminance level according to the sky condition and proposed dimming control strategy of LED lights. Energy savings in On/Off control mode are 40% at clear sky and 28% at intermediate sky. In dimming control mode, energy savings are 77.2% at clear sky and 64.1% at intermediate sky. Then we obtain the appropriate dimming control strategy of LED lights based on data. Dimming rates are 0-14.2-80(min-avg-max, %) for LED 1, 0-19.9-60% for LED 2 and 30-61.4-90% for LED 3. Lighting energy savings are 68.2% for LED dimming system applied this control method.