• Title/Summary/Keyword: bank account

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A Cost-Benefit Analysis of Groundwater: Pumping Wells in Korea (지하수의 경제성 평가 연구: 지하수 관정을 중심으로)

  • Kim, Sun Geun
    • Economic and Environmental Geology
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    • v.47 no.3
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    • pp.219-225
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    • 2014
  • In Korea, there are 1,474 thousand pumping wells nationwide which account for about 12% of total water use in 2012. As much as 39 hundred million tons of groundwater were used while 333 hundred million tons of total water were supplied in 2012. Because the water management authority projects that water demand will exceed supply by 2021, the authority is planning to extensively expand groundwater use in accordance with economic feasibility. Using the basic frameworks of cost-benefit analyses of the World Bank and the US Environmental Protection Agency (US EPA), the objective of this study is to examine the costs and benefits of the expansion of Korea's groundwater extraction through pumping wells. We conclude that the BC ratio of the groundwater pumping wells is 2.98. This signifies that the benefits are 2.98 times higher than the costs. The benefits include use and non-use values of pumping wells while the costs include the installation and maintenance of new wells, in addition to the restoration and pollution costs of abandoned wells, as well as fees for water quality tests, etc.

Automatic Component Reconfiguration Tool Based on the Feature Configuration and GenVoca Architecture (특성 구성과 GenVoca 아키텍처에 기반한 컴포넌트 재구성 자동화 도구)

  • Choi Seung Hoon
    • Journal of Internet Computing and Services
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    • v.5 no.4
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    • pp.125-134
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    • 2004
  • Recently a lot of researches on the component-based software product lines and on applying generative programming into software product lines are being performed actively. This paper proposes an automatic component reconfiguration tool that could be applied in constructing the component-based software product lines. Our tool accepts the reuser's requirement via a feature model which is the main result of the domain engineering, and makes the feature configuration from this requirement. Then it generates the source code of the reconfigured component according to this feature configuration. To accomplish this process, the component family in our tool should have the architecture of GenVoca that is one of the most influential generative programming approaches. In addition, XSLT scripts provide the code templates for implementation elements which are the ingredients of the target component. Taking the ‘Bank Account' component family as our example, we showed that our component reconfiguration tool produced automatically the component source code that the reuser wants to create. The result of this paper would be applied extensively for creasing the productivity of building the software product lines.

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A Cost-Benefit Analysis of Groundwater Supply through Pumping Well Technology

  • Kim, Sun G.
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 2015.11a
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    • pp.479-487
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    • 2015
  • In Korea, there are 1,474 thousand pumping wells nationwide which account for about 12% of total water use in 2012. As much as 39 hundred million tons of groundwater were used while 333 hundred million tons of total water were supplied in 2012. Because the water management authority projects that water demand will exceed supply by 2021, the authority is planning to extensively expand groundwater use in accordance with economic feasibility. Using the basic frameworks of cost-benefit analyses of the World Bank and the US Environmental Protection Agency (US EPA), the objective of this study is to examine the costs and benefits of the expansion of Korea's groundwater extraction through pumping wells. We conclude that the BC ratio of the groundwater pumping wells is 2.98. This signifies that the benefits are 2.98 times higher than the costs. The benefits include use and non-use values of pumping wells while the costs include the installation and maintenance of new wells, in addition to the restoration and pollution costs of abandoned wells, as well as fees for water quality tests, etc.

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Genetic Diversity of mtDNA D-loop and Maternal Origin of Three Chinese Native Horse Breeds

  • Zhang, Tao;Lu, Hongzhao;Chen, Chen;Jiang, Hai;Wu, Sanqiao
    • Asian-Australasian Journal of Animal Sciences
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    • v.25 no.7
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    • pp.921-926
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    • 2012
  • In order to protect the genetic resource of native horse breeds, the genetic diversity of mitochondrial DNA (mtDNA) D-loop of three native horse breeds in western China were investigated. Forty-three 600 bp mtDNA D-loop sequences were analyzed by PCR and sequencing techniques, 33 unique haplotypes with 70 polymorphic sites were detected in these horses, which account for 11.67% of 600 bp sequence analyzed, showing the abundant genetic diversity of the three native horse breeds in western China. The Neighbour-Joining (NJ) phylogenetic tree based on 247 bp of 43 D-loop sequences demonstrated the presence of seven major lineages (A to G), indicating that the three native horse breeds in western China originated from multiple maternal origins. Consistent with the front, the NJ phylogenetic tree based on 600 bp of mtDNA D-loop sequences of 43 Chinese western native horses and 81 sequences of six horse breeds from GenBank indicated that the three horse breeds had distributed into the seven major lineages (A to G). The structure of the phylogenic tree is often blurred because the variation in a short segment of the mitochondrial genome is often accompanied by high levels of recurrent mutations. Consequently, longer D-loop sequences are helpful in achieving a higher level of molecular resolution in horses.

A Study on the Cases of Place of Payment in International Sale of Goods (국제물품매매에서 대금지급장소조항의 적용사례에 관한 고찰)

  • Ha, Kang-Hun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.46
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    • pp.105-130
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    • 2010
  • CISG provides the place of payment at the Article 57 which if the buyer is not bound to pay the price at any other particular place, he must pay it to the seller (a) at the seller's p lace of business or (b) if the payment is to be made against the handing over of the goods or of documents, at the place where the handing over takes place. When the parties have agreed that payment is to be made against the handing over of the goods or of documents, the place where this is to happen according to the contract or CISG is the place of payment. When the parties have not agreed to this, the place of payment is the seller's place of payment. The buyer does not send the money to seller's office, but pays it to the seller's bank account. Where payment is effected by a L/C, such operations shall be governed by UCP and collection of money governed by URC. The payment at the seller's place of payment affects the rate of interest, currency of money and jurisdiction which is interpreted by Brussel convention and Lugano convention. The principle on which the CISG is based, characterizes the obligation of payment as an obligation to be performed at the creditor's place of business. This principle affects the place of damage claims payable to be at the creditor's that place. Payment at the place of business is required, but not inside the place itself.

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An Analysis of the Relationship between Domestic and Overseas Investment Using a Regression Tree (회귀나무를 이용한 국내외 투자간 관계 분석)

  • Chang, Young-Jae
    • The Korean Journal of Applied Statistics
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    • v.24 no.3
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    • pp.455-464
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    • 2011
  • Overseas direct investment is constantly on the rise, while domestic investment has been slowing and has led to concerns that the expansion of overseas investment may be weakening domestic investment. Considering the change of environment as economic growth, this paper analyzes the relationship between domestic and overseas investment using a regression tree. The result shows that overseas investment substituted domestic investment in the past (before 1985); however, they compensated for each other during the rapid growth period based on exports (1986-1997). The relationship turns out to be insignificant after the Asian currency crisis(after 1998). In addition, this paper also examines the factors determining domestic facilities investment and overseas direct investment at each stage of the changes in their influence due to globalization. Taking into account the results, we need to re-evaluate the current pattern of corporate investment apart from the past restricted point of view to help domestic enterprises efficiently utilize the international production network and resources.

A Digital Door Lock System Using Time- Synchronous One Time Password (시간 동기 방식의 OTP를 이용한 디지털 도어락 시스템)

  • Hwang, Hyung-Jin;Kim, Kweon-Yang;Ha, Il-Kyu
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.21 no.5
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    • pp.1027-1034
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    • 2017
  • Recently, OTP (One-time-Password) log-in methods have been used in many areas to prevent leakage of personal information and enhance security. The OTP method is primarily used for security of bank personal account, this is one of the sophisticated security ways in which one time password is generated and checked to enhance security. Digital door locks frequently used in everyday life require convenience and safety simultaneously. Meanwhile, related technologies for digital door locks are evolving, but methods for enhancement of security are still unsatisfactory. Generally, the digital door lock using password input type has been most commonly used and especially it provides more convenience, but it has some problems such as password exposure and password oblivion. Therefore, in this study, we propose and implement the OTP-based digital door lock system with enhanced security and convenience features but without the risk of password exposure and oblivion.

Improvement Measures of Wage Payment System for Construction Skilled Workers (건설 기능인력의 임금 지급제도 개선방안)

  • Lee, Kun-Hyung;Son, Chang-Baek
    • Journal of the Korea Institute of Building Construction
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    • v.20 no.2
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    • pp.163-169
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    • 2020
  • Construction is a typical labor-dependent industry. However, problems related to wage payment, which directly affects the livelihood of workers, have caused other problems in maintaining skilled workers, such as increasing the turnover rate of skilled workers, resulting in a shortage of skilled workers. Against this backdrop, this study was conducted to develop measures to improve the conventional wage payment systems in order to prevent skilled workers from leaving their jobs and to maintain them as workers. It is necessary to make the registration of non-registered small-sized construction companies in Korea mandatory, and to introduce means by which construction companies that hire workers through non-registered agents can be penalized. In addition, the project bank account (PBA) system used in the domestic banking sector can be benchmarked in operating payment systems, an approach that is expected to effectively prevent delayed wage payments in the construction industry.

Contagious Effect of the Fees for the Consolidated Financial Services under the Asymmetric Information

  • Song, Soo-Young;Hwang, Sun-Wung
    • The Korean Journal of Financial Management
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    • v.26 no.4
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    • pp.83-102
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    • 2009
  • Banks traditionally focus on the financial services against the uncertain future liquidity needs, i.e. saving as well as lending. As the business model of banks has been shifted from the originate to hold model to the originate to distribute model since the enactment of Gramm-Leach-Bliley Financial Services Modernization Act in 1999, the financial services encompass information gathering and generating, underwriting and risk sharing through packaging claims for the investors, in addition to the payment and settlement services. Ensued are the financial market integration and diversification of financial services, with which the accessibility to financial services is arguably significantly enhanced. Such integration and diversification necessarily entails the risk of contagion due to the non-fulfilling service over the several other financial services, which would be contained easily under the separate financial services. This paper addresses the pricing of fees for the integrated financial services through which the contagion could spread when the users of financial service are not immune to the failure to fulfill their obligation due to the economic turmoil. Consequently the information asymmetry about the clients is unavoidable. Higher fees could drive out the otherwise good clients out of the pool of customers for the financial services. Then, the risk could be exacerbated due to the proliferation of bad clients who are vulnerable to the financial distress and liquidity crunch. So the banks should take into account the interactional effect of the fees between/among the non interest based activities and interest based activities under the information asymmetry. Contrary to our general perception, the current analysis demonstrates that the bank should focus on the reduction of cost associated with good clients rather than that of bad clients.

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An Appropriated Share between Revenue Expenditure and Capital Expenditure in Capital Stock Estimation for Infrastructure (SOC 자본스톡 추계에 있어서 수익적 지출과 자본적 지출의 적합 분배)

  • Cho, J.H.;Lee, S.J.;Oh, H.S.;Kwon, J.H.;Jung, N.Y.;Kim, M.S.
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.2
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    • pp.153-158
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    • 2018
  • At the Bank of Korea, capital stock statistics were created by the PIM (perpetual inventory method) with fixed capital formation data. Asset classifications also included 2 categories in residential buildings, 4 non-residential buildings, 14 constructions, 9 transportation equipment, 28 machinery, and 2 intangible fixed assets. It is the Korean government accounting system which is developed much with the field of the national accounts including the valuation, but until 2008 it was consistent with single-entry bookkeeping. Many countries, including Korea, were single-entry bookkeeping, not double-entry bookkeeping which can be aggregated by government accounting standard account. There was no distinction in journaling between revenue and capital expenditure when it was consistent with single-entry bookkeeping. For example, we would like to appropriately divide the past budget accounts and the settlement accounts data that have been spent on dredging into capital expenditure and revenue expenditure. It, then, tries to add the capital expenditure calculated to FCF (fixed capital formation), because revenue expenditure is cost for maintenance etc. This could be a new direction, especially, in the estimation of capital stock by the perpetual inventory method for infrastructure (SOC, social overhead capital). It should also be noted that there are differences not only between capital and income expenditure but also by other factors. How long will this difference be covered by the difference between the 'new series' and 'old series' methodologies? In addition, there is no large difference between two series by the major asset classification level. If this is treated as a round-off error, this is a problem.