Ⅰ. Introduction
1. Research Background
In 1980s, Korea has represented the democracy. The democracy ideology has selected in Korea by main ideology. According this flow, municipalism's importance grow bigger. The main contents of municipalism is to provide the local public service by civil's needs. This smooth supply about the local public service is one of the important index that can
their own taxes and receive a share of taxes collected by the Federal government. They have a governor and a unicameral legislative body elected directly by their voters. They also have independent Courts of Law for common justice. Despite this, states have much less autonomy to create their own laws than in the United States. For example, criminal and civil laws can only be voted by the federal
(1) What is material?
Certain provisions of the SEC apply only to matters that are “material” to the financial condition of the company. Therefore, interpretation and application of those provisions relates to the issue of “what is material”.
Item 101 of Regulation S-K requires that companies must disclose material effects that compliance with environmental law will have on earnings, c
Ⅲ. Characteristics of New Pension System in Chile
1. Individual Capitalization Accounts (ICA)
In Chile, they have pension system that subscribers pay back from their individual accounts after retirement. Therefore this account have no income redistribution among inter-layers and no income transfer between generations that exist in korean pension system. ICA's contributions are not inc
regulation (economic regulation)
Controlling Entry is the regulation of the entry and exit of firms into a regulated market, which is implemented by mandatory registration, usually called licensing.
Controlling Price is to prices of monopolies on the basis of sometimes conflicting objectives : to prevent abuse of monopoly power while enabling the firm to earn a sufficient profit to induc