• Title/Summary/Keyword: lending right

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An Overview and Countermeasure Study on the Remuneration System of Public Lending Right (공공대출권 보상제도의 운영현황과 대응방안연구)

  • 정현태
    • Journal of Korean Library and Information Science Society
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    • v.33 no.4
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    • pp.19-35
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    • 2002
  • European Union has recently encouraged its member states to enforce the Public Lending right that is a remuneration system for free lending service in public libraries. This study reviews the problem and the actual conditions of Public Lending Right System which is systematized in European Union and a few advanced countries. By analyzing the present state of many states which is running the public lending right system, this study also explores a reasonable compensation system which remunerate a copyrighter for his rending right md ensure the fair use tradition in libraries.

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A Preliminary Research for Empirical Analysis on the Validity of Public Lending Right: Focus on the Comparison between Popular Borrowing Books and Best Sellers (공공대출보상권 도입의 타당성에 대한 실증적 검토를 위한 기초 연구 - 인기대출도서와 베스트셀러의 비교를 중심으로 -)

  • Lee, Hosin
    • Journal of the Korean Society for Library and Information Science
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    • v.52 no.1
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    • pp.179-202
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    • 2018
  • The public lending right is a system in which government provide compensation to authors on the premise that the sale of books is reduced due to the book borrowing of the library. Recently, the claim that the public lending right should be introduced in Korea has been continuously raised by the authors. This study was conducted as part of the basic work to demonstrate whether the claims of public lending right are based on reasonable premises. The library's popular lending books and bookstore bestseller books were compared to analyze the similarities and differences. Through this process, we derive necessary factors to prove the validity of the introduction of the public lending right and suggest follow - up study. In addition, we recalled the social meaning of book lending in libraries.

Analysis of the Loan Statistics of Public Libraries for Discussion of the Introduction of Public Lending Right (공공대출보상권 제도 논의를 위한 공공도서관 대출 통계 분석)

  • Lee, Heung Yong;Kim, Young-Seok
    • Journal of Korean Library and Information Science Society
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    • v.50 no.3
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    • pp.217-238
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    • 2019
  • Recently, interest in Public Lending Right has increased in Korea. This study aims to collect valuable data necessary for the discussion of the introduction of Public Lending Right by analyzing the loan statistics of 820 public libraries nationwide for five years from 2014 to 2018. In order to analyze the loan statistics of Korean public libraries, 1,178,300,000 big data provided by 'Data for Library' operated by the National Library of Korea were used. Through the analysis of loan statistics, 125 books were identified, which have been lent the most in the last five years. The study examined the 125 books to find out who are authors and Japanese authors and authors' nationality. The study also analyzed publishers and number of lending of cartoons.

Related Loan on Real Estate Firm Performance in an Emerging Market

  • PURWANTO, Purwanto
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.697-706
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    • 2020
  • This study investigates the relationship between related loan, ownership concentration and real estate firm performance. The data was collected from 35 real estate firms listed on Indonesia Stock Exchange from 2007 to 2012. Related loans are viewed from the angle of related lending and loan. Related lending and loan is measured by the related lending on total lending ratio and related loan on total loan ratio. Firm performance is measured by the asset turnover ratio and return on assets ratio. Ownership concentration is measured by the right cash flow. The data analysis was done with regression analysis and panel data. The results of the study found that related loans had a positive effect on sales but had no effect on profits. This supports the efficient transaction hypothesis. On the other hand, related lending has a positive effect on profits that supports opportunistic transactions. Ownership concentration moderates the effect of related loan on company's performance. The related lending are beneficial for mutually supporting activities in the real estate sector business group in Indonesia, but related loans have the potential to be used in tunneling activities. The paper contributes to the related party transaction in benefits-risks of related lending and related loan in uncertainty context.

A Study on the Operation of the Public Lending Right System (공공대출보상권 제도의 운영에 관한 연구)

  • Lee, Heung Yong;Kim, Young-Seok
    • Journal of Korean Library and Information Science Society
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    • v.46 no.4
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    • pp.355-377
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    • 2015
  • This study aims to analyze in depth the operation of the Public Lending Right(PLR) system that is implemented in 34 countries in the world in order to propose the ideal operation of PLR system. The PLR system is that authors receive payment because they lose the sales opportunities due to the loan of their books by libraries. Among 34 countries implementing the PLR system, 31 are European countries and 20 countries enforce the copyright law for the operation of the PLR system. Fund for the PLR is financed by the budget of the central government in 25 countries and payments are made on the basis of loans data in 20 countries. Writers, illustrators, translators are eligible to receive payments in many countries. 17 countries provide payments to the authors who have contributed to books lent out by libraries.

A Study on Financial Sharing Economic Business Model by the Digital Technology Development (디지털기술의 발달에 따른 금융부문의 공유경제 비즈니스모델 탐색)

  • Song, Keyong Seog
    • Journal of Information Technology Applications and Management
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    • v.21 no.4_spc
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    • pp.485-499
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    • 2014
  • Sharing Economy is the modern main item with ICT Development. Of course sharing economic item is the old and long run mainstream, but by the ICT technological development sharing economy is the fostering and affluent factors in the world economic growth. Though, in Korea, till now sharing economy is minimal, that will growth sharply. We can track various business models of sharing economy. Sharing economy is to buy use right not ownership. With the sharing economic business model wee can make also financial sharing model. In finance model we can divide two kind models. First, we can trace small size lending model with p2p type. And second, we can make financial information transaction model. But till now sharing economic system is not activated, because of many reasons. To activate, first we have to set law and various standards, and also government actively support many sharing economy firms and institutions. To catch up developed countries in the field of sharing economy we have to make aggressive and flexible rules and standards.

Library's E-book Service and Copyright (도서관의 전자책 서비스와 저작권)

  • Lee, Hosin
    • Journal of the Korean Society for Library and Information Science
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    • v.55 no.3
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    • pp.131-154
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    • 2021
  • This study is to in-depth analysis of the copyright issues related to the library's e-book service, which is the cause of the recent conflict between the publishing industry and the library industry. To this end, the purpose and outline of the copyright system were briefly summarized. Then, the jurisprudence of the Copyright Act applied to the borrowing of paper books and e-books was analyzed, and the position of the publisher's association and the library industry were reviewed together. In addition, problems of the current copyright act related to e-book services were diagnosed and directions for improvement were sought. Unlike in the case of paper books, first sale doctrine does not apply to e-book borrowing, so the library cannot acquire the right to service just by purchasing e-books. Based on the contract signed with the distributor in the process of purchasing the e-book, the library acquires the right to service the e-book. However, if the validity period of the exclusive publication right expires, the contract itself becomes invalid, which can cause serious problems in the stability of library services and preservation of resources. In order to solve this problem, it is suggested that the first sale doctrine needs to be extended to digital works.

The Effect Factors affecting Lease Guaranteed Loan on Lease Market Fluctuation by Time Series Analysis Model (시계열 분석 모형을 이용한 전세시장 변동에 따른 전세보증대출 영향 요인에 관한 연구)

  • Jo, I-Un;Kim, Bo-Young
    • The Journal of the Korea Contents Association
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    • v.15 no.6
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    • pp.411-420
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    • 2015
  • With the rapid increase in the price of house lease, a unique housing form in Korea, a serious social issue has been raised as to the use value of house lease and residence stability of the ordinary people. This study thus aimed to analyze the direct factors that affect lease guaranteed loan and market volatility in order to explore the right direction of financial policy to reduce housing burdens. To this end, the direct variables affecting house lease guaranteed loan, including lease price, transaction price and lending rate, were defined. Vector Error Correction Model (VECM), a time series analysis, was employed to dynamically explain the data. Based on the house lease prices and bank data on loans between January 2010 and December 2014, it was found that the increase in lease price was the direct result of the increase in lease guaranteed loan, not that of the decrease in lending rate or increase in housing transaction price.

An Analysis on the Copyright Issues Using Cinematographic Works in Libraries (영상저작물 활용에 관한 도서관의 저작권 쟁점 분석)

  • Joung, Kyounghee;Lee, Ho-Sin;Choi, Sanghee
    • Journal of the Korean Society for information Management
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    • v.31 no.4
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    • pp.179-200
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    • 2014
  • This study investigated the present situation of the use of cinematographic works and the problems of copyright. Surveys were conducted in public and university libraries for these. Also, content analyses were conducted to make sense of copyright problems in libraries. As a result, this study found that problems of copyright had occurred in various aspects related to public performance, lending, digitization and internet services according to the diversity of facilities for watching cinematographic works and library services. Also, the librarians' questions to the copyright were very various from the primary level to specific level. This study suggested that regular courses of study in library schools need to be opened to primitive understanding to copyright law and occupational training programs for librarians need to be opened to complementary education as revisions of copyright law. This study also suggested that the online Q&A services need to be started for librarians who have detailed copyright problems.

Study on Management Plan of the Financial Supervisory Service According to Increase of Risk of Household Debts (금융권 가계부채 위험증가에 따른 금융감독원 관리방안에 관한 연구)

  • Lee, YunHong
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.2
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    • pp.96-106
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    • 2018
  • The government adopted activation policy of real estate to overcome low economic growth rate. Real estate activation plan adopted by the government raised credit limit by lowering the regulation, and reduced real estate investment cost by reducing the base rate. Also, delayed transfer tax on multi-house owner to activate real estate investment and resolved purchase right resale. Relief of real estate regulate caused increase of housing sales and price increase, and the real estate market changed to overheating aspect such as premium upon completion of lot sale in a short time. Such market atmosphere greatly increased household debs as owners own houses based on 'financial debt' instead of their income. Since 2017, real estate policy was reinforced to reduce household debts and lending rate was raised due to rise of base rate, accordingly, burden of household debt is expected to increase. This research suggested a plan for the Financial Supervisory Service to efficiently manage the financial world by analyzing the cause and problem of household debs.