• Title/Summary/Keyword: Stock Management

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Revaluation of the Modernization in the Korean Housing Culture Since 1980s′ (1980년대 이후 한국 주거문화에 나타난 근대화의 재평가)

  • 은난순
    • Journal of Families and Better Life
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    • v.22 no.5
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    • pp.59-73
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    • 2004
  • Since 1980s' Korea had a great change on the housing culture by the supply of multi-family housing stock both on the macro-social and micro-social aspects. The purpose of this study was to examine the changes and the characteristics of housing environments which were estimated its modernization, and to examine the personal life under the change of housing environments. So I would like to revaluation the characteristics of modernization between the 1980s' and 1990s'. Therefore references were made to various papers, reports, the statistical data, newspaper reports, advertisements and magazines during that period. As a result, this paper came to the remarks as follows: 1. The success of modernization on the housing environments since 1980s' was the Quantitative growth of housing supply by multi-family housing. In spite of this, the Quantitative growth of housing supply and the improvement in Quality like housing space per person had the characters which was 'out of valence on the division'. 2. The Qualitative improvement of modem housing life by the development of housing industries could be said the improvement owing to develop of facilities and equipments. The introduction of up-to-date facilities and equipments realized the convenience and the rationality of living in the house. Although the improvement on the physical things deteriorated the modernized spaces to uniform things by commercial strategies. 3. The life in the multi-family housing which gives protection to personal privacy was settle down on the extremely individualized life without common things within the neighbors. Multi-family housing which was a production of process of modernization came true the growth in an appearance and the variety in the inside, but for the aspect of residents' everyday life in the multi-family housing, the Korean traditional relationship was collapsed and a sense of incompatibility within the residents was created.

Level of Dependence on Separate Account in the Non-life Insurance Companies and Firm Value (손해보험회사의 특별계정 의존도와 기업가치)

  • Cho, Seokhee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.1
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    • pp.417-425
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    • 2020
  • In this paper, value relevance of the level of dependence on separate accounts in non-life-insurance companies is studied. As noted by Shim et al. (2015), the separate accounts of insurance companies consist of contracts with different attributes from the general accounts, so it is likely that firm value will vary depending on the insurer's dependence on the separate accounts. Thus, in this paper, an empirical analysis has been conducted using quarterly financial data and stock price data from domestic listed non-life-insurance companies from 2011 to 2018. The analysis shows that variables representing the level of dependence on separate accounts have a significant negative relevance to firm value. These results may suggest that changes in the proportion of a non-life-insurer's separate accounts may result in a change to its firm value under the same net assets and net income scales in aggregate accounts. This study provides management implications for the operation of separate accounts from the perspective of maximizing firm value. In addition, this study suggests that disclosure system improvement would be necessary to more directly report the operational performance of the separate accounts.

Development of Inhabitant Participation Index for the Village Environment Improvement (마을환경개선을 위한 주민참여지표개발)

  • Lee, Kwan-Hee;Park, Jong-Woong;Kwon, Soo-Koang;Kim, Yeong-Pyo
    • Journal of Korean Society of Rural Planning
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    • v.9 no.2 s.19
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    • pp.13-17
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    • 2003
  • A purpose of this study is to develop practical indexes for improving a village environment in Kyongbuk, Korea. From a questionnaire survey of the public employees (71 persons) who take charge of the environment in Kyongbuk province, the indexes were produced and the contents of questionnaire consisted of preferential and supplementary indexes to apply. The preferential indexes which apply to an agricultural village and a stock raising village are environmental sanitation facilities, a hygienic check of livestock and a purge of livestock shed's surroundings. In case of mountainous village, and natural-ecological village the preferential indexes are habitat reservation for wildlife, poaching prohibition (monitoring for it), and food supplement for livestock. To the traditional-cultural village, prevention of noise pollution, environmental sanitation facilities, and a monitoring or water quality change are the prior indexes in order. For the village near city and the industrial village the preferential indexes are patrol removing of garbage, pollution index planting and monitoring for noise pollution. For a fishing village and a village fronting waterside excess uses of agricultural chemicals, monitoring for a water quality change, and realignment of green house with vinyl and warehouse. In conclusion the research presents the practical and preferential index for residents to improve their environment in accordance with village settings and suggests guidelines for further research.

Distribution of Root System and Several Chemical Components of Soil on Low-Cutting Mulberry Field (낮추베기 뽕나무 뿌리와 몇몇 토양화학성 분포에 관한 조사연구)

  • 이원주
    • Journal of Sericultural and Entomological Science
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    • v.22 no.1
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    • pp.52-58
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    • 1980
  • Root system and distribution of soil components (pH, available P, K, Ca and Mg) were studied in a 20-year old, low-cutting mulberry field. The variety, kairyonezumigaeshi (Morus alba L.), was planted in a spacing of 1.8m${\times}$0.6m(740 tiess/10a). Roots and soil samples were taken from each of 196 blocks in a demension of 26${\times}$17${\times}$10cm(as shown in Fig. 1) from the soil between rows. 1. Whereas root system concentrated towards the stock, chemical components, pH, available P, Ca and Mg, were increasing toward the center of the row spacing. 2. Root system and distribution of chemical components between trees were not significantly different among blocks. 3. Roots were distributed most densely in a depth of 10∼20, intermediate 20∼30 and 30∼40, and least 0∼10cm. However, the concentrbtion of chemical components was the highest in a depth of 0∼10cm and decreased with soil depth. The soil. a depth of 0∼10cm on the center of row spacing, was the lowest in the root system and the richest in a chemical components. The results indicate that special fertilizinng management is required for the efficient absorption of nutrients.

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International Diversification, Tax Avoidance, and Chaebol: Evidence from Korea

  • Kang, Jeong-Yeon;Kim, Jin-Soo
    • Journal of Korea Trade
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    • v.25 no.5
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    • pp.74-92
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    • 2021
  • Purpose - Utilizing a large sample of Korean firms, this study examines international diversification impacts on corporate tax avoidance and whether firms affiliated with large business groups (known in Korean as "chaebol") reinforce the relationship between international diversification and tax avoidance. Design/methodology - This paper hypothesizes that 1) international diversification is likely to increase tax avoidance, 2) the positive effect of international diversification on tax avoidance is likely to be more pronounced for chaebol firms. We examine the hypotheses by using Korean firms listed in the Korean stock market between 2011 and 2016. We employ the number of foreign subsidiaries and the entropy index as proxies for international diversification and CASH ETR and GAAP ETR as proxies for tax avoidance. Findings - Our findings are summarized as follows. First, we have found that as firms are more internationally diversified, tax avoidance increases. It means that international diversification can be employed as a method of reducing the tax burden. Second, firms affiliated with chaebol are strengthened by the positive relation between international diversification and tax avoidance. It is interpreted that chaebol firms have more effective opportunities to reduce taxes than other firms. When entering foreign markets, they can share experience and resources to decrease taxation within the large business group. Originality/value - This study provides empirical evidence regarding the tax effect of international diversification. Unlike prior studies, international diversification is positively related to tax avoidance in Korea. In addition, we present additional evidence on the chaebol effects of international diversification on tax avoidance, in which they have an advantage to reduce taxes using transfer pricing through related party transactions, income shifting to low tax rate countries, and establishing subsidiaries in tax havens.

A Study on the Technological Innovation and Introduction of SCM System of SMEs' Industry Using the Innovation Resistance Model (혁신저항모델을 활용한 중소기업 기술혁신에 따른 SCM시스템 도입 영향 연구)

  • Oh, Yongmin;Boo, Jeman
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.3
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    • pp.165-175
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    • 2021
  • As the advent of the Fourth Industrial Revolution and Information Age, companies are in the state of infinite competition due to the rapidly changing technological environment and fierce competition. In this situation companies are making efforts to gain the competitive advantage by introducing information systems. Supply Chain Management (SCM) is considered a method to gain a competitive edge in rapid change. In fact, companies that already have introduced the SCM system are achieving company renovation with positive effects such as increase of sales stock reduction on-time delivery cost reduction and improved efficiency. This study was started to investigate the resistance that occurs in introducing the SCM system for small and medium-sized manufacturing industries that have not yet introduced the SCM system despite the importance of the SCM system, and to check the effect on the intention of the introduction. As the result of this study, the first is that the company has the higher technological innovation, the more positive the effect on Relative advantage Compatibility Perceived risk, Complexity. Second, The compatibility of the SCM system was rejected in innovation resistance, but it is adopted with the highest impact in the introduction intention. In addition, the mediating effect of innovation resistance was also rejected, confirming that if the SCM system is compatible for the company, it doesn't affect the resistance and is the biggest factor to consider in the introduction of the SCM system. Third, the perceived risk of the SCM system doesn't directly affect the intention to introduce, but has an indirect effect when mediation innovation resistance.

Information Spillover Effects among the Stock Markets of China, Taiwan and Hongkon (국제주식시장의 정보전이효과에 관한 연구 : 중국, 대만, 홍콩을 중심으로)

  • Yoon, Seong-Min;Su, Qian;Kang, Sang Hoon
    • International Area Studies Review
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    • v.14 no.3
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    • pp.62-84
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    • 2010
  • Accurate forecasting of volatility is of considerable interest in financial volatility research, particularly in regard to portfolio allocation, option pricing and risk management because volatility is equal to market risk. So, we attempted to delineate a model with good ability to forecast and identified stylized features of volatility, with a focus on volatility persistence or long memory in the Australian futures market. In this context, we assessed the long-memory property in the volatility of index futures contracts using three conditional volatility models, namely the GARCH, IGARCH and FIGARCH models. We found that the FIGARCH model better captures the long-memory property than do the GARCH and IGARCH models. Additionally, we found that the FIGARCH model provides superior performance in one-day-ahead volatility forecasts. As discussed in this paper, the FIGARCH model should prove a useful technique in forecasting the long-memory volatility in the Australian index futures market.

Estimating Wildfire Fuel Load of Coarse Woody Debris using National Forest Inventory Data in South Korea

  • Choi, Suwon;Lee, Jongyeol;Han, Seung Hyun;Kim, Seongjun;Son, Yowhan
    • Journal of Climate Change Research
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    • v.6 no.3
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    • pp.185-191
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    • 2015
  • This study presents an estimate of on-site surface fuel loadings composed of coarse woody debris (CWD) using $5^{th}$ National Forest Inventory (NFI) data in South Korea. We classified CWD data into forest type, region and decay class, and used conversion factors by decay class and tonne of oil equivalent developed in the country. In 2010, the total wildfire fuel load of CWD was estimated as 8.9 million TOE; those of coniferous, deciduous and mixed forests were 3.5 million TOE, 2.8 million TOE and 2.6 million TOE, respectively. Gangwon Province had the highest wildfire fuel load of CWD (2.3 million TOE), whereas Seoul exhibited the lowest wildfire fuel load of CWD (0.02 million TOE). Wildfire fuel loads of CWD were estimated as 2.9 million TOE, 1.9 million TOE, 2.4 million TOE and 1.7 million TOE for decay classes I, II, III and IV, respectively. The total wildfire fuel load of CWD corresponded to the calorific value of 8.2 million tons crude oil, 2.46% of that of living trees. Proportionate to the growing stock, total wildfire fuel load of CWD was in a broad distinction by region, while its TOE $ha^{-1}$ was not. This implies that there is no need to establish different guidelines by region for management of CWD. The results of this work provide a baseline study for scientific policy guidelines on preventing wildfires by proposing CWD as wildfire fuel load.

Improving Drug Quantity Accuracy using Displacement Sensor in Pharmacy Automation Management System (약국 자동화 관리 시스템에서 변위 센서를 이용한 약품 수량 정확도 개선)

  • Park, Kiyoung;Kim, Hoyoung;Jung, Hoekyung
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.23 no.9
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    • pp.1032-1037
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    • 2019
  • In the existing pharmacy automation system, quantity control was carried out only in the memory without first measuring the quantity of the medicine and during the operation of the facility. As a result, the number of drugs that have already been deducted during operation at the time of a facility error has not been managed. Serious problems are caused by important medicines that need to be managed because of lack of quantity control. In addition, the user had to refill the drug when it was exhausted because the user could not know the amount of the drug outside the facility. When the drug was out of stock, the facility was operating with loss of time to restart and the time to replenish the drug. Thus, in this paper, we designed and applied system to control the quantity of medicines frequently by adding displacement sensors to the robot of the facility.

Effect of Cryoprotectants on the Cryopreservation of Manila Clam, Ruditapes philippinarum Embryo (바지락 발생배의 냉동보존에 관한 보존액의 효과)

  • Kang, Kyoung Ho
    • Journal of Convergence for Information Technology
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    • v.11 no.1
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    • pp.128-135
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    • 2021
  • The possibility and effectiveness of cryopreservation was determined to assess survival rates and improve stock management of thawed embryos of Manila clam, Ruditapes philippinarum. The ideal freezing rates were designed and tested to allow cryoprotectants to equilibrate across the membrane during freezing. Survival rates ranging from 0 to 64.3% were obtained using a stepwise freezing protocol compared with 82.3% control rates. Embryos of Ruditapes philippinarum were equilibrated in 2 CPAs plus sea water for 10 min at 25℃ and then cooled at -1℃/min from 20℃ to -12℃. Straws containing more than 100 embryos were held at 12℃ for 5 min allowing equilibration after seeding and slowly cooled at 2℃/min. to -35℃ for 30 min for equilibration before quenching in liquid nitrogen. Dimethyl sulfoxide (DMSO) is the best cryoprotectant indicated for embryos of R. philippinarum with a survival rate of 64.3±3.28% in the presence of 2.0 M DMSO.