• KDI Journal of Economic Policy
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• v.14 no.4
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• pp.27-49
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• 1992

This paper stresses the role of market fundamentals rather than bubbles in explaining Korea's recent experience of large fluctuations of stock and real estate prices. The bubble story that emphasizes the self-fulfilling prophecies of investors seems to be inappropriate to explain the recent changes of assets prices in Korea. Those who argue for bubble phenomenon in Korea tend to interpret the volatile movements of assets prices as some form of bubbles, but without implementing a rigorous test on the presence of bubbles. Even when some bubble tests are carried out, such studies exhibit various econometric problems in testing. More seriously, they suffer from the misspecification problems in setting up a market model. This paper has shown that Korea's recent changes in assets prices could be explained by changes in market fundamentals according to the emergence and the subsequent fading of 'three lows'. First, it tried to explain changes in assets prices by changes in such market fundamentals as real interest rates and economic growth. Second, it showed that the real estate prices overshoot when the liquidity and exchange rates change, using the two-sector general equilibrium portfolio balance model. It is argued that the rapid rise in real estate prices during 1986-89 stems from Yen's and Won's appreciation $vis-{\grave{a}}-vis$ the U.S. dollar and liquidity expansion (or decreases in real interest rates), while the downturn in real estate prices since 1990 is associated with Yen's and Won's depreciation $vis-{\grave{a}}-vis$ the U.S. dollar and rises in real interest rates in reflection of the excess demand for liquidity.

• Proceedings of the Korean Society of Computer Information Conference
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• 2023.01a
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• pp.357-360
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• 2023

본 논문에서는 거품 입자의 물리적 속성을 활용하여 가상 시뮬레이션 장면에 맞는 거품 사운드를 합성하고 사운드의 물리적 현상을 기반으로 사운드의 크기를 효율적으로 제어할 수 있는 기법을 제안한다. 현실에서는 사운드의 근원지와 청중의 위치 관계에 따라 사운드 크기의 차이가 나타타는 것을 쉽게 관찰할 수 있다. 본 논문에서는 이 문제를 효율적으로 풀어내기 위해 복잡한 3차원 유체의 움직임을 분석하는 게 아닌, 2차원으로 투영된 입자의 유동을 분석하여 사운드를 합성하고 제어하는 방식을 소개한다. 우리의 방법은 거품 사운드의 크기를 효율적으로 조절할 수 있도록 스크린 공간에서 계산된 거품 입자의 속도와 위치를 활용하여 청중의 위치 관계 및 사운드의 방향성을 확인하고, 이를 통해 거품 사운드를 사실적으로 합성하였다.

• The Korean Publising Journal, Monthly
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• s.226
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• pp.8-8
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• 1997

철학은 문제와의 사상적 대결이다. 보편적인 철학적 문제가 역사와 현실의 프리즘을 통해 굴절되는 다양한 색깔을 포착하지 못할 때, 철학적 글쓰기는 관념의 감옥 속에 갇히게 된다. 철학의 거품현상 속에서도 '이성'의 문제와 연관된 일련의 작업들은 의미있는 일이다.

• The Korean Publising Journal, Monthly
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• s.254
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• pp.6-7
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• 1999

최근 베스트셀러 목록의 변화가 심상치 않다. 여전히 대형 베스트셀러가 보이지 않는 가운데 종합 순위에 문학서와 인문서의 강세가 눈에 띈다. 문학서의 경우 문예지를 통해 정식으로 등단했거나 이전에도 베스트셀러를 냈던 작가의 작품이, 인문서의 경우 일간지 등을 통해 낯익은 필자들의 저작이 대부분이라는 점에서 베스트셀러의 성격 변화에 대한 의견이 분분하다. 전반적인 출판시장의 축소 때문에 일시적으로 이들 책이 베스트셀러 상위를 차지한다는 분석과 출판시장의 거품이 빠지면서 정상적인 궤도를 찾아간다는 분석이 대부분이다. 두 의견 모두 이런 현상의 원인을 출판시장의 불황에 두는 것 같지만, 이 현상의 성격을 전자는 대형 베스트셀러 대망론으로, 후자는 독서계의 거품이 빠지는 구조조정의 과정으로 본다는 점이 다르다.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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• v.16 no.2
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• pp.173-182
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• 2018

As part of planning for waste minimization, decontamination foam has been considered as a potential application for the cleaning of radioactive contaminant. In this study, we synthesized silica particles to improve foam stability by varying synthesis parameters. Cetyltrimethylammonium bromide (CTAB) was found to influence the stability of the decontamination foam. The reason was that higher interaction between $SiO_2$ nanoparticles and surfactant at the air-water interface in aqueous solution is beneficial for foam stability. CTAB can also be used as an additive for the aggregation of silica nanoparticles. In the separation of $SiO_2$ nanoparticles, CTAB plays a critical role in the nanoparticles flocculation because of the charge neutralization and hydrophobic effects of its hydrocarbon tails.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2001.10a
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• pp.375-378
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• 2001

현재까지 행해진 주식시장 거품에 관한 연구들은 주가를 형성하는 근본요인으로서 현금배당만을 고려하고 있다. 그러나 현금배당은 경영자에 의해 조정가능하므로 진정한 기업가치를 나타내는 신호로 보기 어렵다. 따라서 본 연구에서는 기업가치를 더 정확히 반영하기 위하여 기업의 자본상에 나타나는 자금변동을 고려한 '순현금배당'을 도입한다. 상태-공간 모형과 칼만필터링 추정법을 이용하여 KOSPI 시장 자료에 대해 실증분석한 결과, 현금배당만 고려할 때와 '순현금배당'을 고려했을 때 추정된 거품이 매우 다른 양상을 보였다. 특히 한국의 금융위기시점을 고려하여 볼 때 '순현금배당'을 이용한 것이 실제 현상과 더 잘 부합하는 것으로 나타났다. 이는 주식시장의 거품을 연구하는데 있어 현금배당과 자금변동을 함께 고려하는 것이 더 정확한 추정결과를 얻을 수 있음을 시사한다.

• Journal of Korean Society of Water and Wastewater
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• v.18 no.4
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• pp.480-485
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• 2004

Fatty acid methyl ester (FAME) technology was evaluated as a monitoring tool for quantification of Nocardia amarae causing a nuisance foaming problem in activated sludge process. The identified signature peak was 19:1 alcohol as a reliable unique peak to N. amarae. Chemostat study revealed that the distribution and quantity of fatty acid peaks were dependent on the growth stage of Nocardia. The FAME results were similar for two relatively high dilution rates; however, the amounts of signature peaks extracted from the 4 and 6 day cultures were significantly higher. This dependence of signature peaks on the physiological state of the organism may be a useful information to assess the health of microbial populations in activated sludge. A laboratory scale batch foaming potential experiment provided a critical foaming level depending on Nocardia population. This critical Nocardia level determined in this study was in terms of either the threshold filament intersections number or the threshold signature FAME amount. The threshold peak area of signature FAME (19:1 alcohol) and corresponding filament counts were 430PA/mg VSS and $1.45{\times}10^6$ intersections/g VSS, respectively. The threshold signature FAME level could be effectively applied as a criterion for diagnosing foam occurrence in activated sludge system.

• The Journal of the Convergence on Culture Technology
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• v.10 no.1
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• pp.111-119
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• 2024

This study analyzed the current status of the convergence departments of universities from 2019 to 2023. The number of installation increased from 430 in 2019 to 649 in 2023. The accumulated number of abolition increased from 177 to 509 at the same period. Many were suddenly installed without enough readiness. The convergence department bubble phenomenon began to extinguish in 2022. The number of the convergence departments in academic division was more in the order of engineering, humanities and social sciences, natural sciences, and arts and sports every year. The proportion of engineering decreased and that of humanities and social sciences increased. The number of sub-division installing convergence departments increased from 65 to 81 during 5 years. Convergence education was in the process of gradually spreading to various fields.

• Journal of Wetlands Research
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• v.21 no.4
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• pp.334-343
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• 2019

A lab-scale vertical flow subsurface (VFS) wetland composed of three parallel columns with polypropylene synthetic fiber as main substrate was operated. Piggery stormwater diluted from swine excreta was fed to the wetland on the basis of three different hydraulic regimes or hydraulic retention time (HRT) of 2, 4, and 8 days with daily internal recirculation. Then, monitoring of common water quality parameters was carried out. Unexpectedly, an increase of effluent COD concentration accompanying the appearance of foams was observed during a distinct period in the wetland with HRT 2, 4, and 8 days, successively. Subsequently, a series of experiments was conducted to investigate the origin of the foams. Foams and the increase of COD concentration were found to be induced by the release of organic matter from the synthetic polypropylene fiber which was fed with piggery stormwater. Meanwhile, nitrogen removal was found to be enhanced during a period which overlapped the distinct foaming period signifying that foaming played two important functions in biological nitrogen removal. Foams which form rapidly and then burst easily could hold up and then release oxygen for nitrification. Foams which contain organic surfactants could serve as carbon sources for denitrification as well. Hence, nitrogen removal was enhanced during the foaming stage. After that, COD concentration decreased slowly to a level prior to the foaming stage, and nitrogen removal efficiency declined as well.

• The Journal of the Acoustical Society of Korea
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• v.33 no.1
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• pp.10-20
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• 2014

To study the water-entry impact noise, on-board experiment using a small launcher firing various objects was performed in the Yellow Sea. As the launcher fires a cylindrical object from the ship vertically, generated noise is measured with a hydrophone on the starboard of Chung-hae, Marine surveyor. Three types of cylindrical objects, which have noses of flat-faced, conical, and hemisphere, were used during the experiment. The measured noise exhibits a time-dependency which can be divided into three phases: (1) initial impact phase, (2) open cavity flow phase, (3) cavity collapse and bubble oscillation phase. In most cases, the waveform of bubble oscillation phase is dominant rather than that of initial impact phase. Pinch-off time, where a cavity begins to collapse, occurs at 0.18 ~ 0.2 second and the average lasting time of bubble was 0.9 ~ 1.3 second. The energy of water-entry impact noise is focused in the frequency region lower than 100 Hz, and the generated noise is influenced by the nose shapes, object mass, and launching velocity. As a result, energy spectral density on the bubble frequency is higher in the order of flat-faced, conical, hemisphere nose, and the increase of initial energy raises the energy spectral density on the bubble frequency in the cylinder body of same shape. Finally, we compare the measurements with the simulated signals and spectrum based on the bubble explosion physics, and obtain satisfactory agreements between them.