• Title/Summary/Keyword: State-owned properties

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Enforcement of Investor-State Arbitral Awards Against the Assets of State-Owned Enterprises (공기업 재산에 대한 국제투자중재판정의 집행가능성)

  • Chang, Sok Young
    • Journal of Arbitration Studies
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    • v.29 no.1
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    • pp.71-89
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    • 2019
  • When the host states do not comply with the investor-state arbitral awards voluntarily, it is difficult for the successful claimants to seek the enforcement of arbitral awards against the host state because of the doctrine of state immunity. This raises a question whether the investors might be able to seize the assets of the state-owned enterprises, as well as those of the host states. The investors might consider the properties held by state-owned enterprises as an attractive target especially when it has been established that the host state is responsible for the act of its state-owned enterprise. In such case, the investor might argue that the close relationship between the state-owned enterprise and the host state has already been recognized so that the commercial assets of the state-owned enterprise could be subject to attachment. On the other hand, the host state might argue that the state-owned entity exists separately from the state, and thus its assets cannot be equated with those of the host state. Moreover, even if this argument is not accepted and, as a result, the properties of the state-owned entity is equated with those of the host state, the host state might still be able to argue that non-commercial assets of the state-owned enterprise are immune from execution.

A Study about the Improvement of State-Owned Properties Management - With a Focus on State-Owned Land - (국유재산관리제도의 개선방안에 관한 연구(국유지를 중심으로))

  • Lee, Kwi-Taek;Min, Guy-Sik
    • The Journal of the Korea institute of electronic communication sciences
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    • v.6 no.5
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    • pp.739-748
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    • 2011
  • As of 2010, the state owns $24,086km^2$ of land, which accounts for 24% of the nations total land area of $24,086km^2$. In the meantime, the state-owned national property management policies enacted laws changed since the variety has been showing up but still a problem. Also recently, on April 1, 2011 amendment, the state-owned property law enforcement in the front and relieve the problem somewhat, but still state-owned estates efficiently and economically as well as management and operation of the state not be public purpose and welfare of the people in order for there not being used as a reasonable choice still remains to be improved is Free.

Improvement of State Ownership of Excavated Cultural Heritage System and Establishment of Policy Direction (발굴매장문화재 국가귀속제도의 정책 개선방안 연구)

  • Kim, Jong soo
    • Korean Journal of Heritage: History & Science
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    • v.49 no.1
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    • pp.22-43
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    • 2016
  • State Ownership of Excavated Cultural Heritage System was originated from the legislations concerning cultural objects during the Japanese colonial period (1910~1945) and was succeeded by the present Buried Cultural Properties Act enacted in 2011. Despite the importance of the system that completes the outcomes of excavations and determines the state-owned cultural properties, the foundation of national heritage, it has been limitedly regarded as administrative area and neglected by the academic scholars or policy researchers. Recently the traditional culture has drawn increasing domestic interest and awareness that the cultural heritage contributes to building cultural identity and vitalizing tourism has led to increasing the demand of a local government's role in management of the state-designated cultural heritage and even fighting for hegemony in securing the cultural objects between the central and local governments. Despite the continuing efforts for improving the selection process of cultural heritage and its management institution, establishment of an advanced objective system has been requested. This paper is intended to suggest the policy direction through demonstrating the problem and assignment caused in the process of implementing the Buried Cultural Properties Act and reviews the State Ownership of Excavated Cultural Heritage System from the legal point of view accordingly. First, I suggest improving the selection process of the state-owned cultural properties. Even though current law states that Administrator of Cultural Heritage Administration reviews the research reports and selects the possible candidates for the state-owned cultural properties almost all the cultural objects listed on the reports are practically selected. In this regard, two possible resolutions can be made; newly establishing a separate process for selecting the state-owned cultural properties after publishing the report or adding the selection process of the state-owned cultural properties during the heritage selection meeting. Either way should contribute to strengthening the impartiality and objectivity of the policy. My second suggestion is improving the operating system of the heritage selection meeting in which the cultural properties to be listed on the reports are determined. Given the present extensive assessment criteria, there is much room for certain experts' subjective opinions. Therefore, in order to enhance the fairness and credibility of the heritage selection meeting, specifying the assessment criteria and advance review of the expert list are necessary. Third, this paper suggests increasing the local government's role in management of the state-owned cultural heritage and diversifying the heritage management institution. Development of a local self-governing system has led to the increased demand for delegating the authority of the state-owned heritage management to the local governments. Along with this, the gradual improvements of public museum management raises the need for expanding the cultural benefits through increasing the local government's role in management of the state-owned heritage. Considering the fact that overall majority of the art collections housed at national or public museums is owned by the central government, developing a variety of heritage contents and vitalizing the heritage tourism are crucial. The true meaning and value of the state-owned cultural heritage hidden at the storage of a museum can be found when they are shared together with the public.

The State-Owned Enterprises Reform in Vietnam

  • Lam, Tran Dinh
    • SUVANNABHUMI
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    • v.6 no.2
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    • pp.37-63
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    • 2014
  • The economic renovation in Vietnam has shown promising achievements. The process of reforming and equitizing state-owned enterprises, and reducing subsidies from the government have made significant progress since 1986. However, this policy has not received the adequate valuation from leaders. Big companies have not been equitized, and are still managed and subsidized by the government, resulted in budget losses. Corporations have been dominated by political interests. This has led to arguments for better and more feasible measures which could save national budget. Corruption in Vietnam mostly originates from state-owned enterprises, for the monopoly was given by government to those enterprises as foreign partners continue to compete under market-oriented mechanism and transparent supervision. Therefore, renovation of the business mechanism, as well as speeding up equitization and minimizing people's properties, have become crucial in the regional integration trend. This is entirely a vital factor in the renovation process. This study explores plans, as well as the merits of the renovation process in Vietnam, ultimately envisioning to overcome current consequences and motivate Vietnam's economy.

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Estimating The Development Potential of Small Size State-Owned Land using GIS (GIS를 활용한 소규모 국유지의 개발가능성 평가)

  • Yang, Kwang-Sik;Ko, Suk-Chan
    • Journal of the Korean Association of Geographic Information Studies
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    • v.11 no.3
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    • pp.107-117
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    • 2008
  • Numerous debates and efforts have been made to utilize land resources more effectively especially for the state-owned land in an urban area. Currently most of small size state-owned lands within urban areas are not used effectively due to the limitations in physical conditions and profitability. Some of these properties are occupied illegally and being used for various private purposes. Considering the shortage of land supply in urban areas, there need to be some improvements in the utilization and management of public land. The purpose of this study, therefore, is to identify and evaluate the location, current uses, physical conditions, and development potential of small size public properties in Seoul area. Data analysis was conducted by using GIS. The results of the study indicate that it is possible to utilize small size state-owned lands within an urban area more rationally and systematically by evaluating the characteristics of neighborhood and the site.

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A Study on the Relationship Between Multinationality and Performance: Evidence from China's Firms

  • WU, Renhong;HE, Yugang
    • The Journal of Industrial Distribution & Business
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    • v.10 no.7
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    • pp.7-16
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    • 2019
  • Purpose - Economic globalization provides firms with a new channel to gain benefits from foreign countries. Therefore, using the real MNEs, this paper set China's firms as an example to explore the relationship between multinationality and performance. Research design, data, and methodology - Panel data from 2008 to 2017 was used and 390 multinational firms listed in China's A-share market was selected. Additionally, related econometric methods were employed to analyze the relationship between multinationality and performance in this study. The return on assets was treated as a dependent variable, and the sales of a firm, the firm age, the debt asset ratio of a firm, the ratio of foreign sales to total sales and the enterprise properties were treated as independent variables. All of these factors were used to conduct an empirical analysis. Results - The empirical findings in this study revealed that there is a linear relationship between multinationality and performance, as well as that non state-owned enterprises (non-SOEs) have a greater effect on the relationship between multinationality and performance than that of the state-owned enterprises (SOEs). Conclusions - On the basis of evidences this paper provided, China's government should take measures in the future to help China's firms when they fulfil international economic activities.

Literature Study for Categorizing Physical Properties of Face, Pulse, Skin and Voice Based on Health State of Sasang Constitutions (사상체질별 건강수준에 따른 맥상, 안면, 피부, 음성의 물리량 도출을 위한 문헌고찰연구)

  • Lee, Jae-Chul;Lee, Yu-Jeong;Kim, Ja-Euk;Kim, Sang-Kil;Kang, Nam-Sik;Kim, Jong-Yeol;Kim, Sang-Hyuk
    • Journal of Physiology & Pathology in Korean Medicine
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    • v.25 no.4
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    • pp.755-758
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    • 2011
  • Sasang Constitutional Medicine (SCM) suggests the concept of health condition which is owned of different properties by each Sasang Constitution. But SCM theory has concentrate to explaining different symptoms that distinguish health condition, not much concerned with practical methods like face features, pulse diagnosis, skin surface properties and voice features. Physical properties of practical diagnosis methods from literature finding have been researched. As a result, complexion and face moisture were described to be physical properties related to health State. In scope of pulse diagnosis, depth, rate, contour, width and pressure are related. Skin surfaces' elasticity, moisture, fraction properties were also suggested as factors of health State of Sasang Constitution. We assume that this study would contribute further studies for objectifying and quantifying diagnosis methods to evaluate health state grades of Sasang Constitution.

Who Occupies the Green Building: a Case of Australia

  • Kim, Sumin;Kim, Jinu;Lim, Benson T.H.
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.549-553
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    • 2015
  • For successful outcome of real estate development projects, it is important to understand the potential tenants as they drive the demand for properties. The aim of this study is to investigate tenant characteristics of the Australian green office building sector. The specific objectives are to; (1) compare and contrast the increment trend of green buildings within the green office building sector; (2) identify the tenancy profile of green buildings; (3) ascertain the possible industry concentrations within the current green building sector; and (4) explore the relationship between green building occupants' characteristics and their tenancy. Descriptive statistics shows that Finance, Insurance and Real Estate (FIRE) industries along with government owned companies are the major tenants of green office buildings in the NSW State of Australia. In particular, real estate companies occupy more than half of the NSW based green office buildings whilst one third of them are the tenants of the 6-star rated buildings - the highest rated building in the current form of Australian Green Star accreditation scheme.

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A Study on the Characteristic of Buildings Arrangement and Location Supposition of Government Office Buildings of BangdapJin in Yeosu (여수 방답진 관아 건축의 배치 및 위치에 관한 연구)

  • Wi, So-Yeon;Sung, Dae-Chul
    • Journal of the Korean Institute of Rural Architecture
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    • v.23 no.2
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    • pp.25-32
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    • 2021
  • The purpose of this study is to examine the materials on Bangdapjin, summarize the excavation surveys and compare them with the past literature records and to determine the location of the Bangdapjin government office facilities. It was categorized into the castle in the original cadastral map, which allowed to identify the overall shape of Jionseong Castle. The Chi on the castle wall and Ongseong on the Munji have also been identified. The majority of state-owned land in the original cadastral map is usually concentrated at the point where the road from the north intersects with the road from the east to the castle, which is presumably where public buildings were located. One of the photos in the 1950s shows the presence of a building presumed to be an inn featuring, extraordinary shape that deserves special attention. The gate is believed to have had Ongseong due to evidence of a portion protruded at right angles from the castle according to the original cadastral map.

Establishment of Old Imperial Estate and Cultural Property Management System -Focused on Inclusion of Imperial Estate as Cultural Property- (구황실재산 관리 제도에 대한 연구 -구황실재산의 문화재관리체계 편입 관련-)

  • Kim, Jongsoo
    • Korean Journal of Heritage: History & Science
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    • v.53 no.1
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    • pp.64-87
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    • 2020
  • The cultural property management system of Korea was established based on the modern cultural assets acts and the old imperial estate management system enacted during the Japanese occupation. Academics have researched the cultural property management system oriented on the modern cultural assets acts, but few studies have been conducted into the old imperial estate management system, which is another axis of the cultural property management system. The old imperial estate was separated from the feudal capital by the Kabo Reform, but was dismantled during the colonial invasion of Japan and managed as a hereditary property of the colonial royal family during the Japanese colonial period. After establishment of the government, the Imperial Estate Act was enacted in 1954 and defined the estate as a historical cultural property managed by the Imperial Estate Administration Office. At this time, imperial estate property that was designated as permanent preservation property was officially recognized as constituting state-owned cultural assets and public goods in accordance with Article 2 of the Act's supplementary provisions during 1963, when the first amendment to the Cultural Property Protection act was implemented. In conclusion, Korea's cultural property formation and cultural property management system were integrated into one unit from two different sources: modern cultural assets acts and the old imperial estate property management system. If the change of modern cultural assets acts was the process of regulating and managing cultural property by transplanting and applying regulations from Japan to colonial Joseon, the management of the imperial estate was a process by which the Japanese colonized the Korean Empire and disposed of the imperial estate. Independence and the establishment of the government of the Republic of Korea provided the opportunity to combine these two different streams into one. Finally, this integration was completed with the establishment of the Protection of Cultural Properties Act in 1962.