Recently the abusive calls on on-demand bonds have been a critical issue among many engineering and construction companies in Korea. On-demand bond is referred to as an independent guarantee in the sense that the guarantee is independent from its underlying contract although it was issued based on such underlying contract. For this reason, the issuing bank is not required to and/or entitled to look into whether there really is a breach of underlying contract in relation to the call on demand-bonds. Due to this kind of principle of independence, the applicant has to run the risk of the on demand bond being called by the beneficiary without due grounds. Only where the call proves to be fraudulent or abusive in a very clear way, the issuing bank would not be obligated to pay the bond proceeds for the call on on-demand bonds. In order to prevent the issuing bank from paying the proceeds under the on-demand bond, the applicant usually files with its competent court an application for injunction prohibiting the beneficiary from calling against the issuing bank. However, it is in practice difficult for the applicant to prove the beneficiary's call on the bond to be fraudulent since the courts in almost all the jurisdictions of advanced countries require very strict and objective evidences such as the documents which were signed by the owner (beneficiary) or any other third party like the engineer. There is another way of preventing the beneficiary from calling on the bond, which is often utilized especially in the United Kingdom or Western European countries such as Germany. Based upon the underlying contract, the contractor which is at the same time the applicant of on-demand bond requests the court to order the owner (the beneficiary) not to call on the bond. In this case, there apparently seems to be no reason why the court should apply the strict fraud rule to determine whether to grant an injunction in that the underlying legal relationship was created based on a construction contract rather than a bond. However, in most jurisdictions except for United Kingdom and Singapore, the court also applies the strict fraud rule on the ground that the parties promised to make the on-demand bond issued under the construction contract. This kind of injunction is highly unlikely to be utilized on the international level because it is very difficult in normal situations to establish the international jurisdiction towards the beneficiary which will be usually located outside the jurisdiction of the relevant court. This kind of injunction ordering the owner not to call on the bond can be rendered by the arbitrator as well even though the arbitrator has no coercive power for the owner to follow it. Normally there would be no arbitral tribunal existing at the time of the bond being called. In this case, the emergency arbitrator which most of the international arbitration rules such as ICC, LCIA and SIAC, etc. adopt can be utilized. Finally, the contractor can block the issuing bank from paying the bond proceeds by way of a provisional attachment in case where it also has rights to claim some unpaid interim payments or damages. This is the preservative measure under civil law system, which the lawyers from common law system are not familiar with. As explained in this article, it is very difficult to block the issuing bank from paying in response to the bond call by the beneficiary even if the call has no valid ground under the underlying construction contract. Therefore, it is necessary for the applicants who are normally engineering and construction companies to be prudent to make on-demand bonds issued. They need to take into account the creditability of the project owner as well as trustworthiness of the judiciary system of the country where the owner is domiciled.
Proceedings of the Technology Innovation Conference
/
1997.12a
/
pp.177-196
/
1997
The engineering industry plays an important role for national competitive, since it has an high impact on other industries. With its importance, the engineering industry development largely depends on its technical manpower ather than capital factor. This study aims at estimating the additional requirement on technical manpower based on the forecasted market size which represents the structure change corresponding to economic growth in related industry. Research scope includes the twelve of fifteen field except three with insufficient historical data and technical manpower above bachelor degree. Specialty, we forecast market size with determinants resulted from historical data analysis on each field. The demand on technical manpower is derived from the forecasted market. We also estimate an additional requirement with the supply analysis. The research results show different patterns over time period. The relative ratio on chemical and construction to total market will steadily grow over short term, while applied, environment, electronic and information will rapidly grow This pattern will be stabilized over mid or long term. The additional requirement on technical manpower represents the similar pattern to market growth. The research result implies manpower policy for having high inflow of technical engineer from educational institute and the related industries through the image improvement.
Journal of the Korean Professional Engineers Association
/
v.42
no.4
/
pp.45-50
/
2009
The modal split structure of the Korea's transportation system has been dominated by road-oriented structure. The shortage of the inftrastructure to accommodate the rapidly increasing travel demand has brought about socio-economic losses such as severe traffic congestion and high logistic costs, and thereby weakened the competitiveness of the country. Highway transportation sector is more vulnerable to energy consumption comparing with railway sector since the highway sector is dependent mostly on fossil fuels for its energy source. In 2006 annual road cogestion costs in Korea reached 24.6 trillion won, with an average annual growth rate of 5.4%. The annual road congestion cost of intercity highways were 9.2 trillion won. As the new cities that recently developed are located far from Seoul area, the boundary of commuting in Seoul metropolitan area is extended. It makes passengers have longer trips with longer travel time, and the congestion problem to be more serious. In this regards, Gyeonggi Provincial Government proposed a deeper underground metropolitan express train system for the greater Metropolitan area. which is named as GTX. Gyeonggi Province suggested 3 key underground lines, based on the outcome of the feasibility study conducted by the Korea Society of Transportation, and submitted to the Ministry of Land Transportation and Maritime Affairs for its review. If the project is approved for construction and completed in 2016, the daily volume of surface traffic bound for Seoul will be reduced substantially and therefore the users will be benefitted for time savings by an annual amount of 2 trilion won every year.
Wearable devices have become practically indispensable to daily life and helped people track and manage fitness, health, and medical functions etc. As these wearable devices become smaller and more comfortable for the user, the demand for longer run time and charging ways presents new challenges for the power management engineer. Wireless power transfer (WPT) is the technology that forces the power to transmit electromagnetic field to an electrical load through an air gap without interconnecting wires. This technology is widely used for the applications from low power smart phone to high power electric railroad and main electrical grid. There are two kinds of WPT methods: Inductive coupling and magnetic resonant coupling. The model using magnetic resonant coupling method is designed for a resonant frequency of 13.45 MHz. In this study, the hardware implementations of these two coupling methods are carried out, and the efficiencies are compared.
Journal of the Korean Professional Engineers Association
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v.27
no.1
/
pp.5-12
/
1994
In the high degree information society of the 21st century, along with the social activity becoming much more closer, our life style will also be very much changed. Recognition for obtaining various informations rapidly will be anticipated to enhance and the progress of a mobile communication system is greatly expected. This will enable the system to give and receive ″whenever, wherever, whomever, whatsever information.″ In our country, the car telephone and personal mobile communication services of radio calling etc. are diversified by the telecommunication system reformation and by the introduction of competive principle of the hereafter of 1988. Moreover, in accordance with the tariff, the number of subscrier is rapidly increasing. On the other hand, on the utility side of business, for the realization of a mobile communication which is abundant in functional nature, not only the hitherto voice but also non voice system of data communication is being introduced. The Ministry of Communications of Korea has been expediting the effective utilization of limited frequency band of qusai microwave band etc. as a concrete measures for an ever increasing demand. At the same time, to disseminate and promote a mobile communication most effectively, convenience, economic, and safety nature of the system, and in addition to these, international standardization is considered. For constitution of a new mobile communication, the Ministry has been promoting various policies designed for the digitalization of system, utility extention for home. personal level.
Journal of the Korean Professional Engineers Association
/
v.38
no.1
/
pp.44-51
/
2005
A recent study conducted by KOTI reported that regional and urban read congestion costs in Korea are continually rising in the ranges between 3.1% thru 4.1% of GDP in the every respective year during the past 10 years. The report explicates that the congestion problem has motivated sharp raise of the logistics expenditure from 4.4% of GDP in the year of 1998 to 16% in the year of 2003. Even though, the government has allotted annual budget in the ranges between 2.7% and 3.7% of GDP to the SOC investment for the consecutive years of past decade, the amounts are however far less and insufficient to meet with social requirements and its demands. The cost of logistics has been excessively went up much higher rate than that of other industries and that of 9.6% in Japan and United States respectively It is obvious that the high logistics cost could be a detrimental factor to fierce emulation with others in the global trade market. Therefore it is an essential matter to eliminate or exclude all the probable sources that might cause or create extra costs on logistics. In consideration of such situation in Korea, the SOC investment with private capital could be a best cogitable scheme to acquire its prompt demand solutions and stimulate the emulation ability in the international trade market what's more betterment for all of our quality life in the near future.
International Journal of Concrete Structures and Materials
/
v.4
no.1
/
pp.9-15
/
2010
Silica fume is a common addition to high performance concrete mix designs. The use of silica fume in concrete leads to increased water demand. For this reason, Florida Department of Transportation (FDOT) allows only a 72-hour continuous moist cure process for concrete containing silica fume. Accelerated curing has been shown to be effective in producing high-performance characteristics at early ages in silica-fume concrete. However, the heat greatly increases the moisture loss from exposed surfaces, which may cause shrinkage problems. An experimental study was undertaken to determine the feasibility of steam curing of FDOT concrete with silica fume in order to reduce precast turnaround time. Various steam curing durations were utilized with full-scale precast prestressed pile specimens. The concrete compressive strength and shrinkage were determined for various durations of steam curing. Results indicate that steam cured silica fume concrete met all FDOT requirements for the 12, 18 and 24 hours of curing periods. No shrinkage cracking was observed in any samples up to one year age. It was recommended that FDOT allow the 12 hour steam curing for concrete with silica fume.
Journal of the Institute of Electronics Engineers of Korea SP
/
v.41
no.6
/
pp.127-135
/
2004
With the wide-spread use of multimedia technology, the demand for the image processing engineer is increasing in various fields. But there are few engineers who can develop practical applications in the image processing area. To teach practical image processing techniques, we need an integrated education environment which can efficiently present the image processing theory and, at the same time, provide interactive experiments for the theory presented. In this paper, we propose an integrated education environment for the image processing, which is called MTES. It consists of the theory presentation systems and the experiment systems. The theory presentation systems support multimedia data, web document and Microsoft Powerpoint$^{TM}$ file. It is tightly integrated with the experiment systems which are developed based on the integrated image processing algorithm development system, called Hello-Vision.n.
Muhit, Imrose B.;Raihan, Muhammad T.;Nuruzzaman, Md.
Advances in concrete construction
/
v.2
no.4
/
pp.249-259
/
2014
Mortar is a masonry product which is matrix of concrete. It consists of binder and fine aggregate and moreover, it is an essential associate in any reinforced structural construction. The strength of mortar is a special concern to the engineer because mortar is responsible to give protection in the outer part of the structure as well as at a brick joint in masonry wall system. The purpose of this research is to investigate the compressive strength and tensile strength of mortar, which are important mechanical properties, by replacing the cement and sand by stone dust. Moreover, to minimize the increasing demand of cement and sand, checking of appropriateness of stone dust as a construction material is necessary to ensure both solid waste minimization and recovery by exchanging stone dust with cement and sand. Stone dust passing by No. 200 sieve, is used as cement replacing material and retained by No. 100 sieve is used for sand replacement. Sand was replaced by stone dust of 15%, 20%, 25%, 30%, 35%, 40%, 45% and 50% by weight of sand while cement was replaced by stone dust of 3%, 5%, and 7% by weight of cement. Test result indicates that, compressive strength of specimen mix with 35% of sand replacing stone dust and 3% of cement replacing stone dust increases 21.33% and 22.76% respectively than the normal mortar specimen at 7 and 28 days while for tensile it increases up to 13.47%. At the end, optimum dose was selected and crack analysis as well as discussion also included.
Magazine of the Korean Society of Agricultural Engineers
/
v.43
no.5
/
pp.116-123
/
2001
This paper represents results of an effort to seismically rehabilitate a 12-story nonductile reinforced concrete frame building. The frame located in the most severe seismic area, zone 4, is assumed to be designed and detailed for gravity load requirements only. Both pushover and nonlinear time-history analyses are carried out to determine strength, deformation capacity and the vulnerability of the building. The analysis indicates a drift concentration at the $1^{st}$ floor level due to inadequate strength and ductility capacity of the ground floor columns. The capacity curve of the structure, when superimposed on the average demand response spectrum for the ensemble of scaled earthquakes indicates that the structure is extremely weak and requires a major retrofit. The retrofit of the building is attempted using viscoelastic (VE) dampers. The dampers at each floor level are sized in order to reduce the elastic story drift ratios to within 1%. It is found that this requires substantially large dampers that are not practically feasible. With practical size dampers, the analyses of the viscoelastically damped building indicates that the damper sizes provided are not sufficient enough to remove the biased response and drift concentration of the building. The results indicate that VE-dampers alone are not sufficient to rehabilitate such a concrete frame. Concrete buildings, in general, being stiffer require larger dampers. The second rehabilitation strategy uses concrete shearwalls. Shearwalls increased stiffness and strength of the building, which resulted in reducing the drift significantly. The effectiveness of VE-dampers in conjunction with stiff shearwalls was also studied. Considering the economy and effectiveness, it is concluded that shearwalls were the most feasible solution for seismic rehabilitation of such buildings.
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