• Journal of the Korea Institute of Information Security & Cryptology
• /
• v.25 no.2
• /
• pp.343-361
• /
• 2015

The financial industry in South Korea has witnessed a paradigm shift from selling traditional loan/deposit products to diversified consumption channels and financial products. Consequently, personification of financial services has accelerated and the value of finance-related personal information has risen rapidly. As seen in the 2014 card company information leakage incident, most of major finance-related information leakage incidents are caused by personnel with authorized access to certain data. Therefore, it is strongly required to confirm whether there are problems in the existing access control policy for personnel who can access a great deal of data, and to complement access control policy by considering risk factors of information security. In this paper, based on information of IT personnel with access to sensitive finance-related data such as job, position, sensitivity of accessible data and on a survey result, we will analyze influence factors for personnel risk measurement and apply data access control policy reflecting the analysis result to an actual case so as to introduce measures to minimize IT personnel risk in financial companies.

• KSII Transactions on Internet and Information Systems (TIIS)
• /
• v.11 no.5
• /
• pp.2628-2645
• /
• 2017

This paper proposes a new offline electronic payment (e-payment) system that satisfies the major security requirements of e-payment, i.e. anonymity, unlinkability, unforgeability, double spending control, conditional traceability, and fraud prevention. The central idea is the use of Hwang et al.'s RSA-based untraceable blind signature (BS), which disables the link between the e-coin and its owner and ensures the anonymity of both the customer and the merchant. It attaches an expiration, a deposit and the transaction dates to each e-coin in order to manage the database of the bank effectively, to correctly calculate the interest on the e-coin and to aid arbitration if a dishonest customer attempts to double-spend the coin. It also ensures the anonymity of the customer as long as the coin is spent legitimately. Only when a fraudulent e-coin transaction is detected can the bank, with the help of the central authority (a trusted entity), determine the identity of the dishonest customer. The system is referred to as offline since the bank does not need to be concurrently involved in transactions between a customer and a merchant. Finally, analyses of the performance of the prototype and the primary security requirements of the proposed system are also presented.

• Asian Journal of Business Environment
• /
• v.3 no.2
• /
• pp.23-29
• /
• 2013

Purpose - The study investigates the obstacles faced by small business owners (SBOs) in accessing finance in the Buffalo City Metropolitan Municipality. The study aims to identify the causes of inaccessibility to finance for SBOs, investigate the role of government agencies in supporting SBOs, assess the extent to which banks support SMMEs, and suggest solutions to ease the challenge of inaccessibility of finance. Research design, data, methodology -We used a triangulation research design, wherein SMME owners and managers in the Buffalo City Metropolitan Municipality were the target population. We used simple random sampling techniques to select respondents, and conducted in-depth interviews to collect qualitative data. Results - We analyzed quantitative data using descriptive statistics, Chi-square tests, and factor analysis. The qualitative data was analyzed using content analysis. The study identifies and discusses the obstacles in accessing finance; the main among which are the lack of collateral security, poor business plans, lack of knowledge, and lack of financial deposit. Conclusions -We urge the banks, government, and government agencies to support the SMME sector, for it remains the economic engine of many African countries and helps in reducing the impact of socio-economic challenges, like unemployment and poverty.

• Journal of Korea Society of Industrial Information Systems
• /
• v.4 no.1
• /
• pp.7-19
• /
• 1999

This paper discusses the threatening problem of Year 2000 (Y2K) to the banking industry. Of all steps to prepare for this big challenge, the clear understanding of the problem is always first to cope with the corning crisis. We categorize the possible issues into nine facets: (1) Potential Systemic Issues; (2) Technology Problems; (3) Technical Resources; (4) Vendor Management: (5) Supervisory Coordination and Security Issues; (6) Spillover Business Risks; (7) Operational Problems; (8) Euro Problem; and (9) Face Closure or Loss of Federal Deposit Insurance. We believe that each or these nine issues must be dearly recognized and appropriately prepared by those bankers who want to avoid the disaster they have never experienced.

• Economic and Environmental Geology
• /
• v.48 no.1
• /
• pp.65-75
• /
• 2015

The CBM(Coalbed Methane) development technology being developed in mid 1980s is the technology to produce the methane gas absorbed in the coal bed. CBM is easy to be developed and its coal deposit is abundant. Therefore, the CBM industry has a large potential as an energy source as well as to deal with the global regulations for reducing greenhouse gas emission. In order to produce coal, the CBM should first be developed as a preliminary action for mine security. So CBM is advantageous in reducing the global greenhouse gas as well as its advantage not being influenced by the changes in gas market. The ECBM (Enhanced Coalbed Methane) is a new technique producing the methane gas which is substituted and disorbed from coal by injecting $CO_2$ or $N_2$ gas into a coal bed. Especially, $CO_2$-ECMB is a low-carbon, green-growth technology, so can expect to the effect of green gas reduction as well as the improved productivity of methane gas. CBM technology is being developed in about 40 nations including Canada, Australia, China, India, Indonesia and Viet Nam, and the coal output using this technology is continually being increased. The CBM is expected to contribute in changing the energy source paradigm from current coal & petroleum energy to unconventional gas.

• Journal of Korean Society of Disaster and Security
• /
• v.12 no.1
• /
• pp.57-66
• /
• 2019

One of the most serious problems with concrete small dams or barriers installed in small/median rivers is the deposit of sediments, especially, in Korea. An effective way to discharge such sediments to downstream is to construct a bypass pipe under the river bed. However, efficiency may become lowered if ripraps are entered into the bypass pipe. Therefore, in this study, we derived the threshold condition for the exclusion of ripraps from the bypass pipe using 3D numerical analysis. Upstream flow of the small dam was assumed to be stationary, and the energy concept was applied to the control volume containing the bypass pipe and its periphery. As a result, when the ratio of the water level difference between upstream and downstream to the diameter of the riprap was approximately equal to 1.2, the threshold condition for exclusion of the stones or riprap from the bypass pipe was affirmatively determined. If the characteristics of the adsorptive sediment adversely affecting the river environment in the future would be taken into account, results from this study are expected to put to practical use in the management of concrete small dam with bypass pipe system.

• Journal of Labour Economics
• /
• v.38 no.4
• /
• pp.1-29
• /
• 2015

The Individual Retirement Pension (IRP) enables workers to continuously receive a retirement pension even when workers change their jobs in different companies and so it performs a bridge fund as the complimentary living expenses until they receive government public pension. Although the Korean government has forced workers to maintain an IRP account until their retirement age and to close their accounts only when they want to do so, it is not clear to measure its really effectiveness and, in fact, most of IRP accounts have been terminated immediately after the changes of their jobs. In this respect, IRP has not performed the bridge role for the future retirement pension income. We provide an economic decision-making model of both government and workers, where the retirement benefits related with the IRP are explicitly considered. Our model is required to select specific severance pay systems to maximize the income security and stability for their future old ages. It is concluded that the need of workers on the severance pay system is automatically revealed into the switch to IRP when workers are out from their current jobs, which is equivalent to the effect of gradually unifying the dual system of the retirement payment. In additoin, our empirical data indicates the relatively higher probability of termination on IRP for the older male workers having the more retirement deposit.

• Land and Housing Review
• /
• v.5 no.4
• /
• pp.247-257
• /
• 2014

This study proposes a new housing need and demand assessment model centering on small-scale housing development projects and happy house development projects that reflected the recent changes in rental and small sized apartment centered public housing policies and development paradigms. The housing need and demand assessment model of public housing development projects consists of quantitative evaluation factors such as potential need indicator and demand pressure indicator and qualitative evaluation factors such as local condition indicator. The potential need indicators of small sized housing development projects are calculated by subtracting the stock of already-supplied constructed rental and purchased rental housings from the potential quantity of need drawn from the small regions such as -eup, -myeon, and -dong. In the potential need indicators of happy house development projects, the potential need is calculated from those who are expected to receive a happy house in the unit of -si, -gun, and -gu. In small-sized housing development projects, demand pressure indictors are the number and the proportion of those who opened a subscription deposit, the number of those who received basic livelihood security and the number of those who were patriots and veterans. The demand pressure indicators of the happy house development projects are stock ratio of small-sized houses, rate of rise in housing rent price, level of housing rent price, and rate of monthly rent house.

• International Commerce and Information Review
• /
• v.18 no.1
• /
• pp.55-78
• /
• 2016

This paper discusses on Electronic Payment System between U.S.A. and Canada. In particular, I focused on ACSS compare with FedACH(Fed Automated Clearing House) to advance a research effects. Because both of them is a low-value, high-volume retail payment system which their countries represent. The ACSS(Automated Clearing Settlement System) is the system through which the vast majority of CPA payment items are cleared, through various payment streams. In 2014, ACSS system cleared approximately 6.8billion payments worth a total value of $ 44.9 trillion. While, The FedACH Network are the center of America Commerce, moving more than $40 trillion each year. That's made up of almost 23 billion electronic financial transaction, including direct deposit via ACH, social security and government benefits, electronic bill payments such as utility and mortgage payments. Thus in this article, first of all, I considered features of payment system and the types of payment items between ACSS and FedAch. Second, I analyzed the status of central bank and legal background. Third, I focused on the operational policy and risk aversion policy. Lastly, I suggested that their payment and banking system have to assume, with good reason, more efficiently accurately and securely operation to protect their customer from credit risk and financial fraud.

• Land and Housing Review
• /
• v.13 no.4
• /
• pp.13-26
• /
• 2022

This study analyzes housing choice determinants of the youth and newlyweds households by using housing survey data in Incheon. A multinomial logit model is employed for analysis with the following variables: housing characteristics, housing market characteristics, and residential and neighborhood environment characteristics. The findings from the analysis are as follows. First, for the continued residence of the youth, the important factors were the relief assistance of housing maintenance costs. For the newlyweds, the important factors were the quality improvement of residential environments to ensure residential stability. Second, the housing choice factors to attract the youth were residential support for rent, maintenance costs, and relocation, and the improvements of residential environments such as security, noise levels, and medical facilities. For the newlyweds, the important factors were housing loan assistance for a home purchase or a cheonsei deposit and residential quality improvements for air pollution and parking facilities. Third, the youth were likely to move out due to high rental costs, and the newlyweds were likely to move out for the purchase of a new apartment or higher-quality housing.