• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.2
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• pp.688-697
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• 2014

The current accounting for the long term care facilities are enforced by either financial accounting stipulations of social welfare legal entity or the guiding principles of long term care insurance law. In addition, some facilities are not eligible to access to the Korea Health and Welfare information system and even don't have any obligation to report financial information. Thus financial position and performance of activities are not well known to the interested parties. This study investigated the way how to improve the current accounting stipulation of the long term care facilities. In conclusion, we should introduce the accounting standards based on the double entry system but on other aspect, also more simplified financial statement based on single entry system for smaller facilities. Also we should introduce three important appropriation accounts for the net income of institution which matches GAAP. For a successful plantation of accounting standards, it is necessary to establish provisions, government subsidy account, depreciations concept.

• Korean Journal of Social Welfare Studies
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• v.48 no.3
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• pp.209-232
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• 2017

This study proposes supplemental security income programs for the elderly to reduce the serious elderly poverty in Korea. The experiences of the supplemental security income programs for the elderly among the developed countries were investigated. Based on this, the Korean supplemental security income models were proposed, and the effects of the programs on the poverty, inequality, and finance were analysed. The results suggest the following implications. First, the supplemental security income programs cover a sizable portion of the elderly in Korea, and reduce substantially the poverty and inequality problems among the elderly. Second, the supplemental security income programs are efficient compared to the increase of the basic pension. Third, the effects were varied among the combinations of the basic pension models and the supplemental security income models. Therefore Korea needs to introduce an adequate policy mix consisting of basic income and supplemental security income programs so as to construct solid basic income security systems for the elderly.

• 한국사회정책
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• v.25 no.2
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• pp.403-428
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• 2018

There has been constant attempts for integration of public welfare delivery system which lead to integrated case management, then this become more significant issue regarding 'community care' recently in Korea. However, most of them was limited to fractional organization rearrangement or more use of private resources rather than realising user-centred approach. Therefore, in this research, we would like to do a couple of case studies in Britain which has rich experience of reforms for integrated approaches between health and social services and Troubled Family programme resembles the integrated case management in Korea by visiting a London Borough and a local council respectively. In conclusion, we found three conditions are required to establish successful integrated delivery system: elimination of institutional barriers relating to workforce, organization, and finance; shared objectives and partnership among the professional groups and agencies; and information sharing system with technical support regarding individual cases.

• Korean Journal of Social Welfare
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• v.50
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• pp.209-233
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• 2002

This study is to identify the relationship in non-profit social welfare organizations(SWOs) between financial sources and service delivery. Especially the impact of the former to the latter is its main concern. For this purpose, gathered are the 1992, 1999 financial reports of those study organizations, and some qualitative data on a number of the organizations collected by the author is also used for verifying and interpreting the data. Gronbjerg's study(1992) provided an analytical tool for decomposing financial structure of human service organizations, and resource-dependency perspective was a theoretical framework for interpreting the impact of financial composition to service delivery. The findings are as follows: (1) Between 1992 and 1999, there was a noticeable change in financial composition among SWOs. Government subsidies has increased in terms of both amounts and percentages, for residential facilities 75% to 82% and for nonresidential facilities 37% to 47%. Funding from donations shows no abrupt changes, although absolute amounts were slight increasing. Fees were sharply decreasing, especially for the non-residential facilities which previously enjoyed them as valuable resources for preventing unnecessary influence from government. (2) The funding sources of SWOs and their strategies to acquire them has impact on service delivery. Although non-government fundings(donations and fees) were found to give elasticity to SWOs, various problems associated with acquiring them (i.e., changing the clientele) would prohibit SWOs from fully concentrating to those fundings. Meanwhile, government fundings are characterized as stable, and, as such, most of the SWOs prefers. Limited elasticity, red-tape, 'sacrifice of quality of service' over efficiency, etc. are referred to the problems.

• The Journal of Sustainable Design and Educational Environment Research
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• v.6 no.1
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• pp.25-48
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• 2007

Korean government implemented the Build-Transfer-Lease (BTL) mechanism since 2005 as one of the privatization methods to procure the social infrastructure with private investment. The mechanism was originally prepared 10 provide such public properties as education facilities, child-care facilities, old generation recuperation facilities, medical welfare facilities, military personnel's apartments, environment facilities, and lease apartments. Since 2005, a total of 13.5 trillion won-valued private fund has been directed to the public educational facilities, which occupies 58% of the total private investment in the facilities of the seven categories. However, many officials in the local public entities have anticipated that the local entities need to be restructured or downsized because of the privatization in stead of providing the educational facilities by governmental finance. The main objective of this study is to identify the appropriate technocrat organization structures to manage the privatization procedures.

• Journal of Family Resource Management and Policy Review
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• v.18 no.1
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• pp.93-114
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• 2014

This study aims to investigate the levels of assets and debts that male- and female-headed households have in comparison to married-couple households. Toward this end, a series of analyses of data from the 2011 Korean Household Finance Survey on the assets and debts of single-parent households are conducted. The empirical results reveal that the amounts of assets and net worth of married-couple households were significantly larger than those of male- and female-headed households. A comparison between male- and female-headed households show that the latter were more likely to hold financial assets such as savings accounts, savings insurance and mutual funds. The amounts of assets of female-headed households were significantly larger than those of male-headed households. Furthermore, the amount of credit card debt in mele-headed households was significantly larger than that in female-headed households.

• The Journal of Asian Finance, Economics and Business
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• v.3 no.2
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• pp.41-49
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• 2016

Since World War II nations have formed alliances for reasons of security and trade. Countries have seen international integration as an appropriate approach to resolving domestic and international political issues, improving their welfare by both transforming their infrastructures and increasing their foreign trade. While the majority of these relationships are straightforward d Turkey's relationship with the European Union is more complex due to differences in religion and, at times, political ideology from other Union members. As a candidate country Turkey has made advances towards the full membership of the European Union with the customs union being the most significant. The impact of customs union membership is discussed and the effects of the customs union on Turkey's trade and economy are examined from a perspective of different economic theories.

• Journal of Family Resource Management and Policy Review
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• v.16 no.4
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• pp.69-92
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• 2012

The purpose of this study is to describe and analyze the baby boomers' perception of and preparation for their successful aging. Seven women and three men were interviewed with the use of an unstructured questionnaire. Their perceptions of their likelihood of future successful aging were not negative, and were influenced by a range of considerations that included health, leisure, finance, volunteer services, family relationships, and elderly life without children's supports. They tried to prepare several kinds of sports, leisure activities, and volunteer services for their elderly life. However, their reasons for preparing these activities varied, and the background of their differences consisted of the family background, personal values, and experiences. Moreover, men and women responded differently to their personal experiences as they related to their elderly life. Women were likely to match their family relationship with their perception and preparation for successful aging, and men were not.

• East Asian Economic Review
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• v.23 no.2
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• pp.169-202
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• 2019

Productivity in agriculture or services has long been understood as playing an important role in the growth of manufacturing. In this paper we present a general equilibrium model in which manufacturing growth is stimulated by non-manufacturing sectors that provides goods used in both research and final consumption. The model permits the evaluation of two policy options for stimulating manufacturing growth: (1) a country imports more non-manufacturing goods from a foreign country with higher productivity and (2) a country increases productivity of domestic non-manufacturing. We find that both policies improve welfare of the economy, but depending on the policy the manufacturing sector responses differently. Specifically, employment and value-added in manufacturing increase with policy (1), but contract with policy (2). Therefore, specialization of the import non-manufactured goods helps explain why some Asian economies experience rapid growth in the manufacturing sector without progress in other sectors.

• East Asian Economic Review
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• v.24 no.4
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• pp.417-440
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• 2020

The coronavirus pandemic of 2019-20 confronted fiscally dominant regimes around the world with the question of whether the large deficits caused by the health crisis should be monetized or financed by issuing debt. The unpleasant monetarist arithmetic of Sargent and Wallace (1981) states that in a fiscally dominant regime tighter money now can cause higher inflation in the future. In spite of the qualifier 'unpleasant,' this result is positive in nature, and, therefore, void of normative content. I analyze conditions under which it is optimal in a welfare sense for the central bank to delay inflation by issuing debt to finance part of the fiscal deficit. The analysis is conducted in the context of a model in which the aforementioned monetarist arithmetic holds, in the sense that if the government finds it optimal to delay inflation, it does so knowing that it would result in higher inflation in the future. The central result of the paper is that delaying inflation is optimal when the fiscal deficit is expected to decline over time.