• Title/Summary/Keyword: slowdown

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Analysis of the Korean Real Estate Market and Boosting Policies Focusing on Mortgage Loans: Using System Dynamics (주택담보대출 규제 완화에 따른 부동산시장 영향 분석: 시스템다이내믹스 모형 개발)

  • Hwang, Sung-Joo;Park, Moon-Seo;Lee, Hyun-Soo;Yoon, You-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.101-112
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    • 2010
  • The Korean real estate market currently is experiencing a slowdown due to the global economic crisis which has resulted from subprime mortgage lending practices. In response, the Korean government has enforced various policies, based on intend to deregulate real estate speculation, such as increasing the Loan to value ratio (LTV) in order to stimulate housing supply, demand and accompanying housing transactions. However, these policies have appeared to result in deep confusion in the Korean housing market. Furthermore, analyses for housing market forecasting particularly those which examine the impact of the international financial crisis on the Korean real estate market have been partial and fragmentary. Therefore, a comprehensive and systematical approach is required to analyze the real estate financial market and the causal nexus between market determining factors. Thus, with an integrated perspective and applying a system dynamics methodology, this paper proposes Korean Real Estate and Mortgage Market dynamics models based on the fundamental principles of housing markets, which are determined by supply and demand. As well, the potential effects of the Korean government's deregulation policies are considered by focusing on the main factor of these policies: the mortgage loan.

Development of Bivalve Culture Management System based on GIS for Oyster Aquaculture in GeojeHansan Bay (거제한산만 굴 양식장에 대한 GIS 기반 어장관리시스템 개발)

  • Cho, Yoon-Sik;Hong, Sok-Jin;Kim, Hyung-Chul;Choi, Woo-Jeung;Lee, Won-Chan;Lee, Suk-Mo
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.16 no.1
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    • pp.11-20
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    • 2010
  • Oyster production is playing an important role in domestic aquaculture, but facing some problems such as exports decrease, a slowdown in domestic demand and marine environmental deterioration. In order to obtain the suitable and sustainable oyster production, suitable sites selection is an important step in oyster aquaculture. This study was conducted to identify the suitable sites for lunging culture of oyster using Geographic Information System(GIS)-based multi-criteria evaluation methods. Most of the parameters were extracted by Inverse Distance Weighted(IDW) methods in GIS and eight parameters were grouped into two basic sub-models for oyster aquaculture, namely oyster growth sub-model(Sea Temperature, Salinity, Hydrodynamics, Chlorophyll-a) and environment sub-model(Bottom DO, TOC, Sediment AVS, Benthic Diversity). Suitability scores were ranked on a scale from 1(leased suitable) and 8(most suitable), and about 80.1% of the total potential area had the highest scores 5 and 6. These areas were shown to have the optimum condition for oyster culture in GeojeHansan Bay. This method to identify suitable sites for oyster culture may be used to develop bivalve culture management system for supporting a decision making.

Quality Characteristics of Ssangwha Extract according to Extraction Conditions (쌍화추출물의 추출조건에 따른 품질특성에 관한 연구)

  • Park Sang-Soon;Lee Keun-Bo;Han Myung-Kyu
    • The Korean Journal of Food And Nutrition
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    • v.17 no.4
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    • pp.368-373
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    • 2004
  • Optimal extraction conditions were established from the difference of quality characteristics according to extraction conditions of Ssangwha extracts(SWE). Extract yields of SWE obtained from the established extraction conditions were as follows. The maximum yield was 48.90% at extraction temperature 90$^{\circ}C$ and alcohol concentration 50%, extraction yield and alcohol concentration of extraction solvent was proportioned. Increase of extraction yields at extraction temperature 80∼90$^{\circ}C$ and more than alcohol concentration 30% had slowdown tendency according to increase of alcohol concentration. At this view point, the optimum extraction conditions were alcohol concentration 30% and more than extraction temperature 80$^{\circ}C$. In this study, optimal extraction conditions of SWE were extraction temperature 90$^{\circ}C$ and alcohol concentration 30%.

Recent Trends of Social Security Expenditures in OECD Countries (1980년대 이후 OECD 국가의 사회보장비지출 변화추세)

  • Kim, Hwan-joon
    • Korean Journal of Social Welfare Studies
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    • no.39
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    • pp.167-187
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    • 2008
  • This study explores the trends of social security expenditures after financial crisis in welfare states. For the purpose, this study analyzes changes in social expenditures during 1980~2003 in 22 OECD countries. The results show that average total social security expenditure(as a percentage of GDP) among the 22 countries increased from 18.0% in 1980 to 22.3% in 2003. Compared to sharp increases during the great expansion period of the welfare state before 1980s, the increase in social expenditures after 1980s is substantially weakened. The slowdown in the increases of social expenditures is remarkable in the social democratic welfare states where social expenditures have already reached a high level. On the other hand, social expenditures are considerably increased in the lagged welfare states such as South European countries and Japan. As a result, the cross-national difference in social expenditures has continuously decreased. These findings suggest that financial crisis is a key factor of welfare-state reorganization. Countries where social expenditures are in high level need more reforms under the pressure of financial deficits. Since 1980s, they have tried various reforms especially in pensions and unemployment benefits. Facing new and increasing demands for social security as well as financial limitations, the welfare state needs major reforms in the social security system to increase effectiveness/efficiency of existing programs and to iron out priorities among programs.

A Comparative Study on the Characteristics of Crimes in Quarterly according to the Corona 19 Pandemic Period (코로나19 감염병 유행 시기에 따른 분기별 범죄특성 비교분석)

  • Oh, Seiyouen;Kim, Hakbum
    • Journal of the Society of Disaster Information
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    • v.17 no.4
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    • pp.674-683
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    • 2021
  • Purpose: The purpose of this study is to examine the changes in the pattern of crimes caused by the spread and slowdown of coronavirus infections and to devise preventive and countermeasures against various crimes in the future. Method: In order to find out the characteristics of each crime in the non-face-to-face and face-to-face environment, the results of previous prior research and data officially released by the National Police Agency and the prosecution office were compared and analyzed. Result: In the early epidemic of infectious diseases, overall crime has decreased, and civil life-related crimes and crimes targeting the socially disadvantaged are increasing. In the second half of the infectious disease, unlike the first half, the prolonged corona caused the economic recession and unemployment, deepening the damage from illegal private finance and significantly increasing illegal gambling game crimes. Conclusion: According to the time of the outbreak of the COVID-19 pandemic, the quarterly crime characteristics showed that there was a difference in crime type and crime increase and decrease rate, and that crime response measures should be changed accordingly.

Effects of Weather Factors on the Work Loss Days of the Elderly Workers (기상요소가 장년근로자의 근로손실일수에 미치는 영향)

  • Choi, Jaewook;Kim, Taewan;Lee, Chansik
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.1
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    • pp.41-51
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    • 2019
  • With the aging of the population and the slowdown of the job market, elderly workers make up a large portion of the construction workforce. Also, due to the nature of the construction industry, where outdoor work is frequent, the weather has a more sensitive impact on elderly workers than on younger ones. The study aims to analyze the degree of weather risks exposed to elderly workers in the construction industry using the measure of work loss days. To that end, construction accidents that affected 28,514 elderly workers in seven cities from 2012 to 2016 (a total of 12,789 days) were analyzed to calculate work loss days per different weather factors. The results show that the elderly workers were seriously affected when the temperature was between $-12^{\circ}C$ and $-10^{\circ}C$, humidity between 55% and 60%, precipitation between 128mm and 181mm, and wind speed between 5.5m/s and 6.5m/s, with the highest work loss days. The combined effects between the weather factors were also analyzed to identify the conditiosn that leaded to high work loss days of elderly workers. This study contributes to effective safety management and pleasant working environment between weather factors and shedding light on the relationship between weather factors and work loss days of elderly workers.

Research on the limiting factors and countermeasures of the virtual asset industry (가상자산 산업의 한계요인과 대응방안 연구)

  • Yoo, Soonduck
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.21 no.1
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    • pp.19-26
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    • 2021
  • The purpose of this study is to provide an environment that can support the development of the virtual asset industry. The limiting factors and countermeasures currently possessed by the virtual asset industry were considered in terms of legal and institutional aspects, technical aspects, and market aspects.Small businesses classified as virtual asset operators have difficulty meeting the government's requirements.Accordingly, SMEs with insufficient funds and manpower are withdrawn from the market, creating an environment where only large-scale enterprises with capital power survive.It is difficult to develop desirable technologies and markets in the virtual asset technology industry. In addition, small and medium-sized companies may be expelled from the market, causing damage to current users. Therefore, in terms of legal and institutional aspects, there is a lack of an exact scope of virtual asset providers, and thus it is necessary to respond to the controversial elements of virtual asset providers. In terms of technology, it is necessary to cope with the slowdown of the P2P method, the difficulty in recovering errors, and the absence of operational experts. Therefore, technology standardization and stabilization are required, and efforts must be made to cultivate operational technical personnel who can support them.In terms of the market, it is necessary to prepare measures to protect users of virtual assets and to establish countermeasures for companies operating virtual assets against weak user protection, inadequate application of the AML method, and limitations of taxation. This study is expected to contribute to active utilization support or related policies in the virtual asset industry.

Exploring of the Ideally Right People of Modern Education since Liberation (해방 이후 현대 교육의 이상적 인간상 탐색 - 전환기, 산업화 시기, 민주화 시기를 중심으로 -)

  • Ryu, Hyungsun;Chi, Chun-Ho
    • The Journal of Korean Philosophical History
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    • no.43
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    • pp.171-202
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    • 2014
  • The purpose of this study was to explore the changes of right people for society on the period from liberation in 1945 to democracy in the late 1990s. Those periods classified into 'Transitional Era', Industrial Era and 'Democracy Era' based on historical events significantly influenced the changes of value system of Korean people or Korean society. In this study, not only main values and right people for society but also the way of changing value system in those periods were suggested by investigating factors of politics, economy and society. The results are as follows : Main values and right people for society on each period were as follows : In Transitional Era, main values were manners and social norms, and right people for this period were practical intellectuals pursuing the principle of action-oriented truth-and- knowledge-seeking. In Industrial Era, main values were sincerity, diligence, self-help and collaboration, and right people for this period were skilled man having occupational ability which was essential for economic development. In Democracy Era, main values were sincerity, participation, equality and coexistence, and right people for this period were scientific talented man who can make the survival of the country and prosperity in the crisis of the slowdown in economic growth A discussion of right people for each era, proposed that emphasis on the pragmatic and practical type of person in those days required, On the other hand, emphasized that were considered important of Community value.

Efficient Implementation of NIST LWC SPARKLE on 64-Bit ARMv8 (ARMv8 환경에서 NIST LWC SPARKLE 효율적 구현)

  • Hanbeom Shin;Gyusang Kim;Myeonghoon Lee;Insung Kim;Sunyeop Kim;Donggeun Kwon;Seonggyeom Kim;Seogchung Seo;Seokhie Hong
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.33 no.3
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    • pp.401-410
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    • 2023
  • In this paper, we propose optimization methods for implementing SPARKLE, one of the NIST LWC finalists, on a 64-bit ARMv8 processor. The proposed methods consist of two approaches: an implementation using ARM A64 instructions and another using NEON ASIMD instructions. The A64-based implementation is optimized by performing register scheduling to efficiently utilize the available registers on the ARMv8 architecture. By utilizing the optimized A64-based implementation, we can achieve speeds that are 1.69 to 1.81 times faster than the C reference implementation on a Raspberry Pi 4B. The ASIMD-based implementation, on the other hand, optimizes data by parallelizing the ARX-boxes to perform more than three of them concurrently through a single vector instruction. While the general speed of the optimized ASIMD-based implementation is lower than that of the A64-based implementation, it only slows down by 1.2 times compared to the 2.1 times slowdown observed in the A64-based implementation as the block size increases from SPARKLE256 to SPARKLE512. This is an advantage of the ASIMD-based implementation. Therefore, the ASIMD-based implementation is more efficient for SPARKLE variant block cipher or permutation designs with larger block sizes than the original SPARKLE, making it a useful resource.

Analysis of the long-term equilibrium relationship of factors affecting the volatility of the drybulk shipping market (건화물선 해운시장의 변동성에 영향을 미치는 요인들의 장기적 균형관계 분석)

  • Lee, Choong-Ho;Park, Keun-Sik
    • Journal of Korea Port Economic Association
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    • v.39 no.2
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    • pp.41-57
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    • 2023
  • The drybulk shipping market has high freight rate volatility in the chartering market and various and complex factors affecting the market. In the unstable economic situation caused by the COVID-19 pandemic in 2020, the BDI plunged due to a decrease in trade volume, but turned from the end of 2020 and maintained a booming period until the end of 2022. The main reason for the market change is the decrease in the available fleet that can actually be operated for cargo transport due to port congestion by the COVID-19 pandemic, regardless of the fleet and trade volume volatility that have affected the drybulk shipping market in the past. A decrease in the actual usable fleet due to vessel waiting at port by congestion led to freight increase, and the freight increase in charting market led to an increase in second-hand ship and new-building ship price in long-term equilibrium relationship. In the past, the drybulk shipping market was determined by the volatility of fleet and trade volume. but, in the future, available fleet volume volatility by pandemics, environmental regulations and climate will be the important factors affecting BDI. To response to the IMO carbon emission reduction in 2023, it is expected that ship speed will be slowed down and more ships are expected to be needed to transport the same trade volume. This slowdown is expected to have an impact on drybulk shipping market, such as a increase in freight and second-hand ship and new-building ship price due to a decrease in available fleet volume.