• Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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• 2005.07a
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• pp.381-383
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• 2005

바이오센서 응용을 위한 대칭 및 비대칭 마하젠더 간섭계 광도파로 소자의 설계, 제작 및 광학적 응답특성을 평가하였다. 설계 제작된 광도파로 소자의 압력광원은 각각 1550nm와 632.8nm이고, 코어와 클래딩의 굴절률차는 0.45 $\Delta$%로 설계 제작하였다. 센서부(상위 클래드)의 금 박막의 미소 굴절률 변화에 따른 TE, TM모드의 특성을 분석하였다. 센서의 보다 높은 감도 개선을 위한 나노-광자결정 구조가 주목받고 있는데, 광자결정 구조의 구현를 위한 리소그래피 공정은 높은 분해능과 신뢰성 있는 나노스케일의 공정이 요구된다. 광-바이오센서의 감도 개선을 위해 센서부 표면에 2차원 나노-광자결정 배열을 제안하고 이를 구현하기 위한 Dip-Pen Nanolithography 공정에 대해 고찰하였다.

• Journal of Intelligence and Information Systems
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• v.16 no.2
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• pp.19-32
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• 2010

Volatility plays a central role in both academic and practical applications, especially in pricing financial derivative products and trading volatility strategies. This study presents a novel mechanism based on generalized autoregressive conditional heteroskedasticity (GARCH) models that is able to enhance the performance of intelligent volatility trading systems by predicting Korean stock market volatility more accurately. In particular, we embedded the concept of the volatility asymmetry documented widely in the literature into our model. The newly developed Korean stock market volatility index of KOSPI 200, VKOSPI, is used as a volatility proxy. It is the price of a linear portfolio of the KOSPI 200 index options and measures the effect of the expectations of dealers and option traders on stock market volatility for 30 calendar days. The KOSPI 200 index options market started in 1997 and has become the most actively traded market in the world. Its trading volume is more than 10 million contracts a day and records the highest of all the stock index option markets. Therefore, analyzing the VKOSPI has great importance in understanding volatility inherent in option prices and can afford some trading ideas for futures and option dealers. Use of the VKOSPI as volatility proxy avoids statistical estimation problems associated with other measures of volatility since the VKOSPI is model-free expected volatility of market participants calculated directly from the transacted option prices. This study estimates the symmetric and asymmetric GARCH models for the KOSPI 200 index from January 2003 to December 2006 by the maximum likelihood procedure. Asymmetric GARCH models include GJR-GARCH model of Glosten, Jagannathan and Runke, exponential GARCH model of Nelson and power autoregressive conditional heteroskedasticity (ARCH) of Ding, Granger and Engle. Symmetric GARCH model indicates basic GARCH (1, 1). Tomorrow's forecasted value and change direction of stock market volatility are obtained by recursive GARCH specifications from January 2007 to December 2009 and are compared with the VKOSPI. Empirical results indicate that negative unanticipated returns increase volatility more than positive return shocks of equal magnitude decrease volatility, indicating the existence of volatility asymmetry in the Korean stock market. The point value and change direction of tomorrow VKOSPI are estimated and forecasted by GARCH models. Volatility trading system is developed using the forecasted change direction of the VKOSPI, that is, if tomorrow VKOSPI is expected to rise, a long straddle or strangle position is established. A short straddle or strangle position is taken if VKOSPI is expected to fall tomorrow. Total profit is calculated as the cumulative sum of the VKOSPI percentage change. If forecasted direction is correct, the absolute value of the VKOSPI percentage changes is added to trading profit. It is subtracted from the trading profit if forecasted direction is not correct. For the in-sample period, the power ARCH model best fits in a statistical metric, Mean Squared Prediction Error (MSPE), and the exponential GARCH model shows the highest Mean Correct Prediction (MCP). The power ARCH model best fits also for the out-of-sample period and provides the highest probability for the VKOSPI change direction tomorrow. Generally, the power ARCH model shows the best fit for the VKOSPI. All the GARCH models provide trading profits for volatility trading system and the exponential GARCH model shows the best performance, annual profit of 197.56%, during the in-sample period. The GARCH models present trading profits during the out-of-sample period except for the exponential GARCH model. During the out-of-sample period, the power ARCH model shows the largest annual trading profit of 38%. The volatility clustering and asymmetry found in this research are the reflection of volatility non-linearity. This further suggests that combining the asymmetric GARCH models and artificial neural networks can significantly enhance the performance of the suggested volatility trading system, since artificial neural networks have been shown to effectively model nonlinear relationships.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.25 no.4
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• pp.255-265
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• 2013

In the coastal region of Korea, historical tide harmonic constants were collected. Long-term tides and short-term tides observed by the KHOA were analyzed by a tide harmonic analysis method. Based on the harmonic constants, tidal characteristics such as tide asymmetry in Korean coastal waters were investigated. The harmonic constants obtained from the long-term tide data in the western coast have been used to show the relation between tide variation and reclamation project. $M_2$ amplitudes in the western coast have been decreased and $M_2$ phases were faster. $M_4$ amplitudes also were reduced and $M_4$ phases were faster in overall. In Mokpo and Kunsan tidal nonlinearity is relatively conspicuous. Overall, non-linearity of tidal currents is higher in the tidal channels flowing fast. The tidal non-linearity has increased by the development projects including large reclamation. The flood dominant characteristic in the northern and central part of Korean western coastal waters and the ebb dominant characteristic in the southern part have been intensified. The construction of Saemangeum sea dike has significantly changed the tidal characteristic in Korean western coastal waters.

• Health Policy and Management
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• v.12 no.4
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• pp.91-113
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• 2002

We report and analyze the Korean physicians' recent general strike over the implementation of the Separation of Prescribing and Dispensing Practice (SPDP) in which more than 18,000 private clinics and 280 hospitals participated. Utilizing game-theoretic models of bargaining we explain why the Korean physicians were so successful in organizing intense collective action against the government and securing very favorable policy outcomes. In particular, we highlight the role of distributional conflict among social actors in shaping the details of institutional reform. The introduction of the SPDP was a necessary first step in the overall reform of health care system in Korea. However, the SPDP was perceived to be a serious threat to the economic viability of their profession by the vast majority of Korean physicians who had long been relied on the profits from selling medicines to compensate for the loss of income due to the low service fee under the previous health care system. The strong political coalition among heterogeneous physicians enabled them to organize an intense form of collective action, the general strike. Thus, physicians were successful not only in dragging the government to a bargaining table, but also winning in the bargaining and securing an outcome vastly favorable to them. On the other hand, the lack of an overall reform plan in the health care policy area, especially the finance of the National Health Insurance and the need for maintaining an image as a successful reform initiator, motivated the government to reach a quick resolution with the striking physicians.

• The Journal of the Acoustical Society of Korea
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• v.13 no.6
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• pp.50-59
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• 1994

Spectral analysis of transient elastic waves were carried out in order to identify the propagation modes in glass and unidirectional carbon fibre reinforced plastic (CFRP) plates. Pencil leads were broken on the surface of plates to generate elastic waves, and two broad band transducers of 6.35 mm in diameter and 10 MHz center frequency were placed at the linear location from the source. The frequency spectra of detected signals showed that the wave propagation in the plates obeyed the Lamb wave dispersion relation. The transient signals were the fast propagating modes around maximum group velocity of the lowest and first order symmetric $modes(S_{0} and S_{1}),$ and first order antisymmetric $mode(A_{1})$. The transient signals were not severely distorted due to relatively small dispersion of those modes around the maximum group velocity. The fastest propagating mode in the plates was shown to be $S_{0}$ mode less the than cut-off frequency of $A_{1}$ mode.

• Proceedings of the Korean Society for Emotion and Sensibility Conference
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• 1999.03a
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• pp.201-201
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• 1999

감성(sensitibility)은 반사적이며 직관적으로 발생하고, 인위적인 조정이 불가능하며 명확한 표현이 어렵고 모호하다고 한다. 또 감정(emotion)이 주어진 대상에 따라 동일한 반응을 보이는 공통성을 갖지만, 감성은 동일한 대상에도 개인에 따라 다양한 반응을 보이며, 시간과 환경에 따라 변한다고 본다. 이는 반응 형성의 두 가지 요소인 외부의 자극이나 대상과 반응하는 주체의 양자에서, 감정이 감성에 비해 외부의 자극이나 대상의 영향을 더 받고, 감성은 상대적으로 외부 상황보다는 반응 주체의 다양한 내부 상황에 따라 결정된다는 것을 의미할 수 있다. 이러한 감성의 특징들은 Freud가 말한 무의식의 특징과 비슷한 점이 많다. 따라서 무의식의 작용양상을 살펴보는 것이 감성의 연구에 도움이 될 수 있다고 생각한다. 무의식이란 우리의 마음에 항상 작용하고 있지만, 일상적인 상태에서는 분명하게 알아 볼수가 없고 확실하게 드러나지도 않는 어떤 힘을 말한다. 이는 개인의 다양한 과거 경험이 포함되어 있어서 사람에 따라 각기 다르게 나타나게 된다. 우리가 항상 경험하고 있는 의식은 확실하게 서로 구분되는 대상과 확인율(the principle of identity), 구분논리(bivalent logic), 모순율(the principle of formal contradiction), 상반율(the principle of incompatibility), 가감율(the operation of substraction)을 수용하여 작용한다. 무의식은 의식활동의 이러한 명료함과 정연함을 벗어나 활동한다. 대상간의 구분이 모호해지고 정연한 논리가 흐트러진다. 일상에서는 꿈의 내용과 어린이의 생각, 감정에 치우칠 때 무의식의 특징이 나타난다. Freud는 꿈을 관찰하여 무의식의 작용양상을 다음과 같이 설명하였다. 서로 상반되는 것들이 다음과 같이 설명하였다. 서로 상반되는 것들이 부딛힘이 없이 공존하고 일상의 논리가 무시된다. 부정, 의심이 없고 확실한 것이 없다. 한 대상에 가졌던 생각이 다른 대상에 옮겨간다(displacement). 한 대상이 여러 대상이 갖고 있는 의미를 함축하고 있다(condensation). 시각적인 순서가 무시된다. 마음속의 생각과 외부의 실제적인 일을 구분하지 못한다. 시간 상의 순서가 있다가 없다가 한다. 차례로 일어나야 할 일이 동시에 한꺼번에 일어난다. 대상들이 서로 비슷해지고 동시에 있을 수 없는 대상들이 함께 나타난다. 사고의 정상적인 구조가 와해된다. Matte-Blance는 무의식에서는 여러 독립된 대상들간의 구분을 없애며, 주체와 객체를 하나로 보려는 대칭화(symmetrization)의 경향이 있기 때문에 이런 변화가 생긴다고 하였다. 또 대칭화가 진행되면 무한대의 느낌을 갖게 되어, 전지(moniscience), 전능(omnipotence), 무력감(impotence), 이상화(idealization)가 나타난다. 그러나 무의식에 대칭화만 있는 것은 아니며, 의식의 사고양식인 비대칭도 어느 정도 나타나며, 대칭화의 정도에 따라, 대상들이 잘 구분되어 있는 단계, 의식수준의 감정단계, 집단 내에서의 대칭화 단계, 집단간에서의 대칭화 단계, 구분이 없어지는 단계로 구분하였다.

• The Korean Journal of Financial Management
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• v.27 no.2
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• pp.63-84
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• 2010

We investigate whether FX hedging materially increases firm value by testing the valuation effect of Foreign Exchange Risk Insurance in Korea, using our sample of 84 listed firms with 617 observations between 2000 and 2008, Employing Tobin's Q as a proxy of firm value and foreign exchange risk insurance as a proxy of hedging instrument, we find a positive relation between firm value and the use of foreign exchange risk insurance. The hedging premium is statistically significant and is on average 7.4% of sample firm value. We also find our empirical results consistent with the preceding evidence that firm uses the hedging instrument in order to alleviate economic frictions and then hedging causes an increase in firm value.

• The Journal of the Korea Contents Association
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• v.16 no.2
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• pp.310-319
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• 2016

This paper proposes an effective FRUC (Frame Rate Up-Conversion) technique, which is based on ROI (Region Of Interest) separations and adaptive motion vector refinement. In this paper, in order to overcome the weakness of the EBME (Extended Bi-lateral Motion Estimation) algorithm, which is widely known in FRUC techniques, first, the proposed algorithm performs a bi-directional motion estimation for the complementary asymmetric region. Then, the proposed algorithm classifies each block into ROI or non-ROI block and refine motion vectors in accordance with their block characteristics to have a higher accuracy than the conventional EBME algorithm, specially, for the occlusion regions. The experimental results show that the proposed algorithm can improves 0.59dB on average PSNR as compared to the conventional method.

• Composites Research
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• v.17 no.4
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• pp.68-73
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• 2004

An analytical study was conducted to characterize the fatigue crack growth behavior of pre-cracked aluminum plates repaired with asymmetric bonded composite patch. For single-sided repairs, due to the asymmetry and the presence of out-of$.$plane bending, crack front shape would become skewed curvilinear started from a uniform through-crack profile, as observed from Previous studies. Therefore, for the accurate investigation of fatigue behavior, it is necessary to predict the actual crack front evolution and take it into consideration in the analysis. In this study, the fatigue analysis of single-sided repairs considering crack front shape development was conducted by implementing three-dimensional successive finite element method coupled with linear elastic fracture mechanics (LEFM) concept, which enables the growing crack front to be directly traced and modeled in a step by step way. Through conducting present analysis technique, crack path of the patched plate as well as the fatigue life was evaluated with sufficient accuracy. The analytical predictions of both the crack front shape evolution and the fatigue life were in good agreement with the experimental observations.

• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.2953-2966
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• 2018

Housing prices are closely related to various variables that indicate macroeconomic conditions. In this paper, empirical analysis based on data is performed referring to previous studies. Focusing on the policy interest rate among the factors affecting the housing price, the non-linear impulse responses of other variables to the interest rate shock are analyzed. Using the random forest algorithm, the variable importance scores of the macroeconomic variables presented in the previous studies are calculated. After selecting the variables through this process, the impulse responses are calculated using a model that can capture non-linearity. According to the model, the responses of housing prices to the policy rate is only significant when the rate is raised. Especially, the impulse response is amplified when the shock increases due to the non-linear characteristics that can not be captured by the traditional VAR methodology. The analysis results suggest that the interest rate as a policy instrument should be approached from a more cautious perspective.