• The Journal of Asian Finance, Economics and Business
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• v.9 no.7
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• pp.249-260
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• 2022

The objective of this study was to investigate the impacts of working capital policy and strategy on a firm's performance including profitability and market value. By applying One-Sample T-Test, working capital investment and financing policies were classified into the three sub-policies and strategies: aggressive, moderate, and conservative, unlike previous studies using two sub- policies and strategies. The results showed that the SET-listed companies in all seven industry sectors primarily adopted an aggressive working capital investment policy and a conservative working capital financing policy, so-called as moderate working capital management strategy (MWS), at 49.40%. While the firms adopted and conservative working capital management strategy (CWS), 45.70%, followed by the aggressive working capital management strategy (AWS), at 4.90%. When examining the impacts among three-sub policies and strategies on a firm's performance, it was found that the conservative working capital financing policy led to the highest profitability and market value in all industry sectors. The findings also revealed that the aggressive strategy has no impact on a firm's performance in terms of profitability and market value.

• Journal of Environmental Health Sciences
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• v.49 no.5
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• pp.275-288
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• 2023

Background: When basic local governments want to improve their air quality management policies, they need fundamental evidence, such as the effectiveness of current policies or scenario results. Objectives: The purpose of this study is to lay the groundwork for a process to calculate air pollutant reduction from basic local government air quality policies and provide numerical estimates of PM_2.5 concentrations following improved policies. Methods: We calculated the amount of air pollutant reduction that can be expected in the research region based on the Gyeonggi-do Air Environment Management Implementation Plan issued in 2021 and guidelines from the Korean Ministry of Environment. The PM_2.5 concentration variations were numerically simulated using the CMAQ (photochemical air quality model). Results: The research regions selected were Suwon, Ansan, Yongin, Pyeongtaek, and Hwaseong in consideration of population, air pollutant emissions, and geographical requirements. The expected reduction ratios in 2024 compared to 2018 are CO (3.0%), NO_x (7.9%), VOCs (0.7%), SO_x (0.1%), PM₁₀ (2.4%), PM_2.5 (6.1%), NH₃ (0.05%). The reduced PM_2.5 concentration ratio was highest in July and lowest in April. The expected concentration reduction of yearly mean PM_2.5 in the research region is 0.12 ㎍/m³ (0.6%). Conclusions: Gyeonggi-do is now able to quickly provide air pollutant emission reduction calculations by respective policy scenario and PM_2.5 simulation results, including for secondary aerosol particles. In order to provide more generalized results to basic local governments, it is necessary to conduct additional research by expanding the analysis tools and periods.

• Environmental and Resource Economics Review
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• v.18 no.3
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• pp.393-430
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• 2009

This study uses a computable partial-equilibrium model of the U.S. energy industry to evaluate sulfur dioxide concentrations under two environmental policies. The policies, generator-level emission caps and tradable allowances, are selected to yield identical aggregate emissions. Regional concentrations are found to vary across the two policies significantly. These variations translate into different losses for individual states, and, nationwide, to differences of hundreds of millions of dollars in aggregate health damages. Emission caps outperform allowances by $452 million. Caps favor the southwestern, south-central and southeastern states, where they deliver $840 million lower damages than the other policies, while they deliver $390 million higher damages In northern and northeastern states.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.262-268
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• 2011

According to the United Nations Framework Convention on Climate Change (UNFCCC), many countries around the world have been concerned with reducing Greenhouse Gas (GHG) emissions. Reducing the level of building energy consumption is particularly important in bringing GHG down. Because of this, many countries including the US and the EU are enforcing energy-related policies. However, these policies are focused on management of single types of buildings such as public buildings and office buildings, instead of management on a national level. Thus, although various policies have been enforced in many countries, CO₂ management on a national level is still not an area of focus. Therefore, this study proposed a community-based CO₂ management process that allows government-led GHG management. The minimum unit of the community in this study is a plot, and the process consists of three steps. First, the current condition of the GHG emission was identified by plot. Second, based on the identified results, the GHG emission reduction target was distributed per plot by reflecting the weighted value according to (i) the target CO₂ reduction in the buildings in the standard year, (ii) region, and (iii) building usage and size. Finally, to achieve the allocated target reduction, building energy management was executed according to the properties of the building located on each plot. It can be expected that the proposed community-based CO₂ management process will enable government-level GHG management, through which environment-friendly building construction can be promoted.

• Journal of Environmental Impact Assessment
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• v.32 no.5
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• pp.318-337
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• 2023

This study utilizes system dynamics to examine the effects of fine dust reduction policies on PM10 concentration and health. System dynamics has the advantage of modeling the dynamic and circular relationship between PM₁₀ emission sources, reduction policies, PM₁₀ concentration, and health effect. The study created policy scenarios for Korea's representative fine dust reduction policies - industrial PM₁₀ emission control, diesel vehicle regulation, expansion of electric vehicles, and expansion of parks and green areas - and compared the results with the 2030 baseline if the current trend is maintained. The analysis showed that the policy of supporting electric vehicles reduced PM₁₀ concentration by 0.21 ㎍/m³ and reduced the number of people with circulatory diseases by 494, and the effect was evenly distributed across the country. The industrial emissions regulation scenario resulted in the highest PM₁₀ concentration reduction of 0.22 ㎍/m³, but had a lower reduction in the number of people affected (358) than the EV support strategy, which could be attributed to the fact that this policy had a particularly high PM₁₀ reduction effect in industrial areas such as Danyang-gun, Chungcheongbuk-do, and Sahagu, Busan. As a policy implication, this study suggests that it is necessary to apply fine dust policies tailored to the characteristics of local emission sources.

• Journal of Korea Planning Association
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• v.53 no.6
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• pp.87-99
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• 2018

The purpose of this study is to analyze the impact of municipal sustainability policy efforts on citywide $CO_2$ emissions. 25 cities in the U.S.A., which offer data on $CO_2$ emissions and are included in the top 50 largest cities in the U.S.A. according to its estimated population, were selected as study cities. This study utilizes the Sustainable Cities Seriously Index of Portney and selects data for the index at the city level. For analysis, this study employs correlation analysis, and OLS regression analysis. The results show that each city has around 30 sustainability policies and emits $12.76tCO_2$ per year on average. In addition, when the number of sustainability policies increases by one, the amount of $CO_2$ per capita decreases by $0.7tCO_2$. This means that the more cities employ sustainability policies, the less $CO_2$ those cities emit. The results of this study support the idea that active efforts on behalf of municipal governments toward the development of sustainability policies are needed to handle citywide $CO_2$ emissions.

• Korea Trade Review
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• v.47 no.2
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• pp.1-18
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• 2022

This paper examines the effects of export subsidies on agricultural food exports, focusing on a case of Gyeongsangbuk-do. Using monthly data of agricultural food exports during 2007-2020 and the GLS regression analysis, we test the hypothesis whether the export subsidies would increase the exports of four major agri-food categories with three digit codes of HS such as fruits, vegetables, flowers, and mushrooms. Evidence shows that the export subsidies had statistically significant impacts on the agri-food exports except flowers. In order to test the robustness of the analysis, the agri-food export subsidies are reclassified into four sub-subsidy policies, and the analysis re-examines the effects of the sub-subsidies on agri-food exports. It shows that export policies for production stabilization, logistics, and overseas marketing promote the exports of agri-foods significantly. Alternative export policies are drawn in this study since the existing subsidies conflict with the WTO agricultural agreement.

• Asian Journal of Business Environment
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• v.1 no.1
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• pp.21-25
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• 2011

Sub-region cooperation is necessary based on the condition that China-Japan-Korea free trade area has not been established. Shandong has common interests with Koreain economic and trade cooperation and it has been equipped with prominent external environment and industrial advantages in sub-region cooperation. The article discusses the advantages, the specific patterns, the cooperation contents and the matched government measures of sub-region cooperation between Shandong and Korea, with the purpose of modifying the relevant policies launched by government.

• Journal of Veterinary Science
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• v.22 no.5
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• pp.71.1-71.12
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• 2021

Background: African swine fever (ASF) is a hemorrhagic fever occurring in wild boars (Sus scrofa) and domestic pigs. The epidemic situation of ASF in South Korean wild boars has increased the risk of ASF in domestic pig farms. Although basic reproduction number (R₀) can be applied for control policies, it is challenging to estimate the R₀ for ASF in wild boars due to surveillance bias, lack of wild boar population data, and the effect of ASF-positive wild boar carcass on disease dynamics. Objectives: This study was undertaken to estimate the R₀ of ASF in wild boars in South Korea, and subsequently analyze the spatiotemporal heterogeneity. Methods: We detected the local transmission clusters using the spatiotemporal clustering algorithm, which was modified to incorporate the effect of ASF-positive wild boar carcass. With the assumption of exponential growth, R₀ was estimated for each cluster. The temporal change of the estimates and its association with the habitat suitability of wild boar were analyzed. Results: Totally, 22 local transmission clusters were detected, showing seasonal patterns occurring in winter and spring. Mean value of R₀ of each cluster was 1.54. The estimates showed a temporal increasing trend and positive association with habitat suitability of wild boar. Conclusions: The disease dynamics among wild boars seems to have worsened over time. Thus, in areas with a high elevation and suitable for wild boars, practical methods need to be contrived to ratify the control policies for wild boars.

• Journal of Korea Port Economic Association
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• v.38 no.1
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• pp.129-142
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• 2022

In the past, interest in air pollution was concentrated on greenhouse gases, but in recent years, interest in fine dust has been increasing. The media and environmental organizations continue to emphasize air pollution caused by fine dust. The awareness of fine dust is increasing, and air pollution generated at ports is analyzed to be serious as a domestic factor excluding foreign inflows. Recognizing this, in order to reduce air pollution generated at ports, special laws on improving air quality, such as port areas, have been enacted in Korea, and attempts are being made to curb air pollution caused by ports. In this law, it is a policy that regulates air pollutants generated not only by ships but also throughout ports such as vehicles and unloading machines, and representative are ECA, VSR, and AMP. This study attempted to analyze the effects of these eco-friendly policies at Incheon Port. First of all, a study was conducted to calculate emissions assuming that there was no policy, analyze each policy, and finally calculate and compare actual emissions reflecting all policies. The methodology presented by the European Environmental Administration and the U.S. Environmental Protection Agency was used, and pollutants to be analyzed were analyzed for sulfur oxides (SO_X), carbon monoxide (CO), nitrogen oxides (NO_X), total floating substances (TSP), fine dust and ultrafine dust (PM₁₀, PM_2.5) and ammonia (NH₃). As a result of the analysis, it was analyzed that the actual emission reflecting all policies was about 4,097 tons/year, which had an emission reduction effect of about 760 tons/year compared to about 4,857 tons/year when the policy was not reflected. When the effects of each policy were analyzed individually, it was found that ECA 4,111 tons/year, VSR 4,854 tons/year, and AMP 4,843 tons of air pollutant emissions occurred The results of this study can be used as basic data and evidence for policy establishment related to the atmospheric environment at Incheon Port.