• Title/Summary/Keyword: Trading Area

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Study of the cap-and-trade system against the air pollutants in the Seoul Metropolitan Area and suggestion for its enforcement throughout South Korea (수도권 대기오염물질 배출권거래제에 대한 고찰 및 총량제 확대 시행을 위한 제언)

  • Park, Min Ha;Kim, Yong Pyo
    • Particle and aerosol research
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    • v.15 no.4
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    • pp.159-171
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    • 2019
  • The cap-and-trade system against the air pollutants in the Seoul Metropolitan Area (SMA), Korea has been implemented since 2008 and will be implemented other areas in Korea on 2020. In this study, to identify the outcome and effectiveness of the cap-and-trade system in the SMA, (1) the rate of change for NOx and SOx emissions, (2) differences between the real emission and allocated amount, and (3) the status of trading are reviewed. It was found that the NOx and SOx emissions from the sources under the cap-and-trade system decreased in the SMA but the reduction was mainly due to the reduction of fuel usage not related to the system. It was found that the average percentage of annual emission in the SMA to the allocated amount between 2008 and 2018 was 66.9% for NOx and 69.3% for SOx, respectively. It suggests that there was over allocation of the emission amounts. The average trading prices in the SMA were 0.193 $/kg for NOx and 0.128 $/kg for SOx, far lower than those in RECLAIM, 131.942 $/kg and 81.677 $/kg, respectively. It was suggested that (1) the cap system for NOx and SOx emissions should be implemented only for the area with high emission ratio from large point sources, (2) the trade system is not suitable for the effective implementation of the cap system, and (3) Korean government should not allow over allocation in order to ensure sound market function without delaying the introduction of technology.

The Roles of the Exchange Rate and Labor Skill Composition on Vietnam's Trade Balance Vis-à-Vis Main Trading Partners (베트남 무역수지에서 환율 및 노동숙련도 간의 상관관계분석: 주요 무역 상대국 중심으로)

  • Tan, Yan;Uprasen, Utai
    • International Area Studies Review
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    • v.22 no.3
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    • pp.85-119
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    • 2018
  • This paper investigates the effects of exchange rate and labor skill composition on Vietnam's trade balance with her twenty main trading partners. Using balanced panel data from 2000 to 2016, the authors analyze Vietnam's total trade balance and the trade balance which is disaggregated based on labor skill sophistication. Three main findings are presented. Firstly, exchange rate has a positive effect on Vietnam's trade balance, but the small value of estimated coefficient indicates that its effect is limited. Secondly, Vietnam's trade balance of the high labor-skill produced and medium-skill white collar labor-produced goods is worsened when VND (Vietnamese Dong) depreciates. Thirdly, moving up the labor skill ladder and promoting the none-price competitiveness of the high labor-skill produced and medium-skilled white collar labor-produced goods can improve Vietnam's total trade balance, while promoting the low-skill labor-produced and medium-skill blue collar-labor produced goods can no longer contribute to Vietnam's total trade balance.

A Study on the EU Emissions Trading Schemes (EU의 탄소배출권 거래제도에 관한 연구)

  • Pak, Myong-Sop;Hong, Ran-Ju;Hur, Yun-Seok
    • International Area Studies Review
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    • v.12 no.2
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    • pp.297-324
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    • 2008
  • As greenhouse gas (hereinafter GHGs) emissions have been increasing, the world's climate is also rapidly changed. $CO_2$ is the most important artificial GHGs and the annual emissions amount was increased approximately 80% between 1970 and 2004. After suggesting Kyoto Protocol, EU is the second largest emissions embodiment in the world, set the emissions trading scheme (hereinafter EU-ETS) and is trying to reduce $CO_2$ emissions aggressively. This study focuses on the EU-ETS and EU-ETS market to examine their emissions reduction policy and review the result of their efforts. EU-ETS which is composed of 2-step phases had already completed the first phase and is running on the second phase in 2008. Up to now EU-ETS has been proceeding successfully and the amount of $CO_2$ emissions has been decreased. To prepare for their coming events, countries excluded from Kyoto Protocol fulfillment need to have some implication from EU and have to make up their own plans.

A Preliminary Study on Correlation Analysis of Sales Price of Apartments by Region (공동주택 실거래가격의 지역별 상관성 분석에 관한 기초연구)

  • Park, Hwan-Pyo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2016.05a
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    • pp.249-250
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    • 2016
  • Korean government has announced declared prices of apartment reflecting market condition each year. Therefore, on that basis, apartment owners have used as basic data trading apartments and the government has been used to calculate the tax. However, the sales prices and declared prices of apartment has occurred difference depending on the region and the brand. This study has analyzed and compared regional differences in sales price of apartments. The results of this study, we have known that sales price of apartments was a big difference depending on the region and the gross area. Especially, Seoul and Gyeonggi Province are the highest. And sales price of Southeast and urban area are the highest in Seoul. In the future, it is necessary that gap analysis between sales price and declared prices of apartment. And It is needed to develop apartment index considering the region and the gross area.

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A Study on the Navigational Rules and Regulations for the Narrow Channel (좁은 수로에 있어서의 항법에 관한 연구 - 완도구역 연안항로를 중심으로 -)

  • 이철환;김광수;금종수
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.7 no.3
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    • pp.41-59
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    • 2001
  • Recently, as the coastal trading is being increased rapidly, risk of collision being increased especially in the coastal route near around the port of Wando. In this paper, with the reference to various literatures and papers on collision avoidance rules, the navigational rules and regulations for the coastal area-especially for the narrow channel-are construed and introduced in brief. Also, 3 collision cases near around the port of Wando and statistical data during 5 years(1996 to 2000) are studied. The results of this study are as follows; 1. It is strongly recommended to separate the route of east-bound and west-bound in this area due to removing the risk of collision between the vessels in reciprocal way. 2. The owner of the fleet should lead that the master should con the vessel by himself when passing this area. 3. For the introduction of the Coastal VTS, it is required to investigate the capability to cooperate with military radar sites which based on all over the coast.

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Creating New Environment in Asia (아시아 지역 환경의 새로운 조성)

  • Naoshi Handa
    • Journal of the Korean Professional Engineers Association
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    • v.37 no.6
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    • pp.37-40
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    • 2004
  • This year's main theme of Japan-Korea Joint Symposium of Professional Engineering is 'Conservation of the earth environment and risk management' As a keynote speaker. I a going to discuss the strategies to make appropriate future environment of our countries. In particular, following items are discussed in the speech. 1. The Desert greening with peat at Uighur area 2. Anoter viewpoint of the environmental problem 3. Review of the Earth Warming 4. Review of the environment of the Earth 5. Corresponding of Emission Trading scheme of carbon dioxide to the atmosphere 6. Un-precious present from continent to Japan 7. Corresponding of asbestos damage 8. Risk assessment and Risk management

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Formation of Industrial Heritage Complex focusing on Incheon Rice Mill Industry (인천 정미업을 중심으로 한 산업유산군의 형성에 관한 연구)

  • Nam, Jee-Hyun;Jang, Hoi-Suk
    • Journal of architectural history
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    • v.23 no.2
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    • pp.7-24
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    • 2014
  • The purpose of this research is to clarify the valuable industrial heritages of rice mill industry complex remained in Incheon. In order to clarify the formation of integrated historical setting of rice mill industry of Incheon, we analyzed the old map of Incheon's old Jemulpo area and data on address, locations and happenings surrounding rice mill factories and relevant facilities. From here, we could find out the 4 representative rice mill industry area of integrated historical setting and 2 other supporting service area for rice mill industry in old city center of Incheon. Specifically, we could figure out the incremental stages to establish the rice mill industry in Incheon. In the first stage, the rice mill factories were established near foreign settlement area where trading offices and warehouses were equipped. And the second stage reflect the needs of expanding area for Japanese capitalism with the new landfill area. In the final stage, Korean rice mill owners established the korean laborers community near Korean residential area. This formation of integrated historical setting reflecting Incheon's rice mill industry is the identical industrial heritages and urban structures to show the tension and conflict between Japanese and Korean laborers' life in the Japanese Colonial Period.

A Study on the Cultural Characteristic and Folk Costume of AINU (아이누人의 문화적 특성과 복식에 관한 연구)

  • 강순제
    • Journal of the Korean Society of Costume
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    • v.51 no.8
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    • pp.141-157
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    • 2001
  • It has been since 15 century when Ainu realized themselves as a race. Their folk culture had been formed with the effect of East-northern Asia and cultural exchange with Japanese through the northern trade during 17 -18 centuries. It can be ascertained from the typical festival food and clothing. clothing style and the ornaments of Ainu people. The basics of Ainu people are composed of an unfolding clothes which men and women had wort in one-piece style even though they had lived in the northernmost cold climate. Atousi is their typical clothing which had been made of the grass fiber. Ainu people had imported the old cotton clothes from the trading with the mainland roughly in the late E-do (late 18 century). Ainu's clothing is divided broadly into Aiusi and Moreu pattern. Ainu people had decorated their back, shoulder, collar, burial clothes, waist and hem by changing and mixing them. These are the expression of their desire to prevent themselves from the wicked plot or the devil. There is no similar Ainu patterns or skill in Kimono, while it is known to be rather related to the area of Amur River, Sakhalin, and the distant Mongolia. Therefore, the traditional pattern of Ainu should be the continental conception which had been skilfully shaped through the trading with the north adding the series of Ainu People.

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Structural Differentiation of Rural Service Industries in Korean Island Areas (읍·면급 섬지역 서비스산업의 구조적 분화)

  • Park, Yong-Jin;Choi, Soo-Myung;Cho, Eun-Jung
    • Journal of Korean Society of Rural Planning
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    • v.19 no.1
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    • pp.1-10
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    • 2013
  • By the continued island-mainland bridging works, increased consumer demand for seashore regions and fundamental improvement of accessibility to metropolitan areas, rural service industries in the island areas has been rapidly developed in the past decades, and also, their functions differentiated geographically. In most island areas, catering and accommodation sectors have been expanded, while traditional trading sector decreasing. And the dominant power of public sectors has been increased but private ones decreased. So, the overall development trends of service industries in island areas would be considered as unhealthy for rural economic sustainability. As a tentative solution, it may be proposed that through the functional specialization/differentiation and efficient linking/networking of rural service industries with multifunctionality of countryside capitals, their spatial cohesion would be strengthened.

The Short-Term Fear Effects for Taiwan's Equity Market from Bad News Concerning Sino-U.S. Trade Friction

  • YANG, Shu Ya;LIN, Hsiu Hsu;LIU, Ying Sing
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.127-137
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    • 2021
  • Mainland China area has been a long-term, major trade rival and partner of Taiwan, accounting for more than 40% of Taiwan's total annual trade exports, and so Sino-US trade friction is expected to have a significant impact on Taiwan's economy in the future. This study focuses on major bad news of Sino-US trade frictions and how it generates short-term shocks for Taiwan's equity market and fear sentiment. It further explores the mutual interpretation relationship between price changes such as VIX, Taiwan's stock market index, and the VIX ETF to identify which factors have information leadership as leading indicators. The study period covers 750 trading days from 2017/1/3 to 2020/1/31. This study finds that, when a policy news is announced, the stock market index falls significantly, the change in the trading price (net value) of the VIX ETF rises significantly, and the overprice rate significantly drops, but VIX does not, showing that fear sentiment exists in the Taiwan's market. The net value of the VIX ETF shows an information advantage as a leading indicator. This study suggests that, when the world's two largest economies clash over trade, the impact on Taiwan's equity market is inevitable, and that short-term fear effects will arise.