• The Journal of Fisheries Business Administration
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• v.42 no.3
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• pp.95-107
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• 2011

The Comprehensive Measures for a soft landing of Household Debts affecting the credit service of Fisheries Cooperative (FC) have been known to the public in June 2011. Its essential points are as follows: 1) Abolition of Tax-free Regulation, 2) Set limit of loans, etc. per person, 3) Introduce leverage regulations for credit-specialized financial sector i. e. FC, 4) Gradually strengthen loan-loss reserve requirements for card-loan and other credit loans. However, the Financial Policy Measures seem to pay no attention to the Cooperative's Values, Principles and Identity. In this paper, emphasis is be placed on the task of the regulators i. e. Financial Services Commission and Financial Supervice Service to lift the Financial Measures negatively affecting the operation of fund of FCs, and on the establishment of Cooperative identity in order to further develop FCs.

• Korean System Dynamics Review
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• v.5 no.2
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• pp.33-66
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• 2004

This study is an exploratory investigation on how national R&D investments decisions are made in Korea. For developing system dynamic model, we are interested in locating three structural dilemma, occurring with the Korean NIS. In so doing, we intend to devise the ways of ameliorating problems within the NIS investment decision-making process by providing policy implications. We identify delays and side effects during transition periods between different stages of technology innovation by perceiving the switching pattern dynamically, in which form of technologies shifts from one to another stage like paradigm shift, when the R&D investment reaches a certain stock. It is also suggested that the development of strategies is necessary in order to enhance efficiency of technological development process.

• Journal of Technology Innovation
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• v.5 no.1
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• pp.67-89
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• 1997

This study investigates the factors determining accounting method for R&D costs (capitalizevs. expense) in Korea. Using agency theory and other economic factors, probit and regression model have been developed to distinguish between firms choosing different accounting alternatives for R&D costs. The results are consistent to debt contract, R&D burden and regulation hypotheses both in probit and regression analysis. The size variable has opposite sign in univariate t-test and probit analysis, which may be due to the differences of political environment between Korea and the US. Generally, the results are consistent to those of previous research. The evidence suggests that larger firms with higher leverage and larger burden of R&D costs are more likely to capitalize R&D costs, while regulated firms are more likely to expense R&D costs.

• International Commerce and Information Review
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• v.9 no.2
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• pp.399-422
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• 2007

Like in other trade negotiations covering comprehensive sectors, it is reported that KOREA-US FTA tried so-called 'package deal' at the last minutes, when telecom services sector was positioned at the forefront and expected to partly play a role in buffering US' market-opening pressure on other sectors. Before everything else, Korean negotiators had to enhance the value of foreign ownership deregulation in telecom services sector as a leverage in the course of KOREA-US FTA negotiations. In addition, since foreign ownership change, if any, is highly sensitive issue either politically or policy-wise, it seems very difficult to find a breakthrough. Focusing on foreign ownership regulation in telecom services sector, this paper seeks how Korea has developed its strategic reasoning for negotiations and evaluates the outcomes of KOREA-US FTA negotiations.

• Korean System Dynamics Review
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• v.6 no.2
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• pp.117-138
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• 2005

The defence industry of the Republic of Korea(ROK) has grown up since 1970, however it is facing a growth hindrance due to its structural problem. Many professionals of defense industry has developed some measures to upgrade and energize the defence industry of ROK, and also the current government is implementing various transformations and new policies under the initiative of cooperative independence defence. But most of papers published so far have some limitations resulting from their qualitative contents. And also it is true for them not to show policy alternatives devised by the system thinking. This paper identifies essential factors of defense industry, then analyze the causal relation among those factors. It also shows the causal loop to identify the politic leverages, on which concrete measures to resolve the structural problems are based.

• Journal of Navigation and Port Research
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• v.45 no.6
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• pp.276-283
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• 2021

The capital structure of the shipping business, which is characterized by its capital intensity and extreme market volatility, is closely related to long-term stability. Research in this area has been conducted mostly in the form of deriving the determinants of capital structure from company-wise financial ratios. This research, on the other hand, has a different approach to the topic. It identifies the relationship between actual cash profit and loss and other variables - i.e. actual vessel prices, interest rates and leverage ratio - by employing historical simulation. The result demonstrates that the P anamax cash profit shows 0 (break-even point) when the debt weight reaches 64.38% (debt ratio 180.74%) and the Cape, 73.04% (debt ratio 270.92%). Additionally, the ships of different types show a divided pattern for the pre- and post-'Super Boom'. It indicates that the business area and the market cycle should be considered when a leverage strategy is established. This research benefits shipping companies set a rational leverage strategy as well as delivers a reasonable guideline to government authorities for the development of a sound policy on shipping finance.

• Journal of Energy Engineering
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• v.17 no.2
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• pp.77-87
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• 2008

Decision-making of the site for the medium and low-level radioactive-waste disposal facilities in 2005 can be estimated as a success. But the limits exposed during the process still remain as problems to be solved. Analyzing the causes of success and failure of the policy and their correlation was expected to provide an effective guideline on future policies. The analysis shows that the transparency of policy makers, the level of community supports and the public relations are decisive factors. System dynamics, a synthetic analyzing tool, is used as a methodology for policy analysis. The result of the system dynamics analysis shows that public confidence is to be the key role to for and against logics when transparency of stakeholder, subsidy and public information are set as adjustable parameters. Public confidence takes a role of leverage that can convert tendency of conclusion by the opinion which influenced by selected parameters.

• Journal of the Korea Convergence Society
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• v.13 no.5
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• pp.531-539
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• 2022

The government enforced policies such as social distancing and limiting business hours to prevent the spread of COVID-19. However, the impact of the long-term COVID-19 pandemic is causing more serious difficulties for small business owners. The government intended to relieve the business management pressure for small business owners by drawing up the COVID-19 emergency disaster relief funds. The funds provided temporary support for the small business owners, but the prolonged pandemic worsened the business management difficulties. Therefore, this study will apply fixes that fail and shifting the burden archetypes from the system archetype of system thinking for the exploratory deduction of policy measures as the policy leverage to effectively enhance the recovery of small business owners. In response to the situation, emergency financial aid for small business owners and support that can enhance the self-sustaining powers are required to heighten the recovery of small business owners.

• Journal of Korea Water Resources Association
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• v.43 no.7
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• pp.609-623
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• 2010

In this paper the feedback loop mechanisms that are inherent in the management of water supply systems were identified based on the system dynamics modeling methodology. As a result, a system dynamics (SD) computer simulation model that can be used to aid efficient management of water supply systems was developed. The developed SD model can be used to predict operating conditions of water supply systems including the effects of pipe maintenance on the entire system. The developed model is consisted of water supply, pipe maintenance and water supply business finance model. The operation and maintenance data from a study water supply system were used to verify the model and to predict the past and future operating conditions of the system. The policy leverage that greatly affects the operating condition was evaluated by the sensitivity analyses for the operational indices due to changes in the exogenous variables. It was found that while the pipe maintenance related exogenous variables had great effects on the leakage and conditions of pipes, they did not have great effects on the major operational indices such as revenue water ratio. It is considered that the social costs due to leaks and pipe breaks and the corresponding mechanism of propagation of the costs must be modeled to better evaluate the effects of pipe maintenance on the operational conditions of water supply systems.

• Journal of Korea Water Resources Association
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• v.45 no.1
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• pp.101-111
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• 2012

In this paper, the feedback loop mechanisms among the operational indices and exogenous variables of a sewerage system that are inherent in the operation and maintenance of a sewerage system were identified using the System Dynamics (SD) modeling methodology. The identified feedback loops were used to develop a SD computer simulation model that can be used to predict future operational conditions of a sewerage system and identified the efficient ways of operation. The data of Busan metropolitan city sewerage system was applied to verify the developed SD model and predict future operational conditions of the system. As a result, it was predicted that sewage treatment efficiency, volume of sewage treatment and cost recovery rate will be gradually increased, whereas service rate which was already very close to the target will remain almost the same as the current value. Furthermore, sensitivity analysis concerning some operational indices was performed in order to discover the policy leverage. As a result, it was found that the exogenous variables related to the pipe maintenance had a great effect on facility using rate, volume of sewage treatment as well as sewage treatment efficiency.