• The Korean Journal of Financial Management
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• v.22 no.2
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• pp.165-187
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• 2005

This paper tries to investigate the relationships among stock return volatility, time-varying risk premium and Korea Discount. Using Korean Composite Stock Price Index (KOSPI) return from January 4, 1980 to August 31, 2005, this study finds possible links between time-varying risk premium and Korea Discount. First of all, this study classifies Korean stock returns during the sample period by three regime-switching volatility period that is to say, low-volatile period medium-volatile period and highly-volatile period by estimating Markov-Switching ARCH model. During the highly volatile period of Korean stock return (09/01/1997-05/31/2001), the estimated time-varying unit risk premium from the jump-diffusion GARCH model was 0.3625, where as during the low volatile period (01/04/1980-l1/30/1985), the time-varying unit risk premium was estimated 0.0284 from the jump diffusion GARCH model, which was about thirteen times less than that. This study seems to find the evidence that highly volatile Korean stock market may induce large time-varying risk premium from the investors and this may lead to Korea discount.

• Proceedings of the KOR-KST Conference
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• 1998.10a
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• pp.151-160
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• 1998

실시간 교통정보 처리과정은 현장설비로부터 수집되는 각종 교통상황자료를 분석/처리하여 소통상황, 주행속도, 통행시간 등의 교통상황을 단기 예측하는 과정으로서 이는 주행안내시스템의 핵심요소기술이다. 주행안내 시스템 개발의 필요성은 선진국을 중심으로 제기되어 왔으며, 주행안내시스템은 각국 정부의 강력한 지원정책을 바탕으로 연구개발 단계를 거쳐 시범운영의 단계에 있다. 국내에서도 교통정체의 해소와 안전주행의 연구개발 단계를 거쳐 시범운영의 단계에 있다. 국내에서도 교통정체의 해소와 안전주행의 여건마련을 위하여 교통정보를·처리·제공하는 기술의 개발이 활발하게 진행되고 있다. 그러나 국내 기술수준을 보면 전자통신기술을 바탕으로 교통정보의 수집과 제공에 관한 연구는 어느 정도 진행되고 있으나 운전자가 필요로 하는 교통정보의 분석과 처리에 관한 연구는 매우 저조한 실정이다. 본 연구의 목적은 다양한 시스템에서 수집되는 자료를 종합적으로 처리, 저장,관리하고 이의 분석결과를 제공하는 교통정보센터의 프로토타입(Prototype)을 설정하는 것이다. 이러한 목표를 수행하기 위해서 요구되는 교통정보실험실의 기능은 수집된 교통자료의 신뢰성 분석, 교통정보의 종합적인 처리·저장·관리, 그리고 교통정보의 제공은 구분할 수 있다. 따라서, 현재 교통정보실험실에서 운영중인 정보의 형태를 제시하며, 이들 정보의 신뢰성을 실측자료와 비교한 실험적 결과를 예시한다. 또한, 개별 정보이용자에게 실시간 교통정보를 제공하기 위한 통신기술의 검토가 이루어진다. 차내 이용자에게 정보를 실시간으로 제공하기 위해서는 궁극적으로 무선통신기술의 응용이 필요하며, 정보이용자에게 다양한 정보를 제공하기 위해서 인터넷 통신과 연계시키는 것이 합리적으로 판단된다. 결론 부분에서는 교통정보실험실의 기능을 강화시키기 위한 향후의 연구과제를 제시한다.Si결정의 크기를 비교하였을 때 45$\mu\textrm{m}$ 이하의 분말을 섞어 압출하였을 때 가장 작은 초정 Si입자 크기를 얻음 을 볼 수 있었다. 주의 Fairfax County에 소재한 주간 고속도로 66번(I-66)과 인접 교통망의 교통자료를 사용하여 각종 돌발교통 혼잡 상황을 전제로 한 Traffic Simulation과 정보제공시나\리오를 INTEGRATION Model을 이용해 실행하였다. 그 결과 적응형 알고리즘이 개개인의 최단시간 경로를 제공하는 사용자 평형 경로안내전략에 비해 교통혼잡도와 정체시간의 체류정도에 따라 3%에서 10%까지 전체통행시간을 절약할 수 있다는 결론을 얻었다.출발참, 구성대외개방선면축심, 실현국제항선적함접화국내항반적전항, 형성다축심복사식항선망; 가강기장건설, 개피포동제이국제기장건설, 괄응포동개발경제발전적수요. 부화개시일은 각 5월 26일과 5월 22일이었다. 11. 6월 중순에 애벌레를 대상으로 처리한 Phenthoate EC가 96.38%의 방제가로 약효가 가장 우수하였고 3월중순 및 4월중순 월동후 암컷을 대상으로 처리한 Machine oil, Phenthoate EC 및 Trichlorfon WP는 비교적 약효가 낮았다.>$^{\circ}$E/$\leq$30$^{\circ}$NW 단열군이 연구지역 내에서 지하수 유동성이 가장 높은 단열군으로 추정된다. 이러한 사실은 3개 시추공을 대상으로 실시한 시추공 내 물리검층과 정압주입시험에서도 확인된다.. It was resulted from increase of weight of single cocoon. "Manta"2.5ppm produced 22.2kg of cocoon. It is equal to 9% increase in index, as com

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.4
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• pp.135-142
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• 2017

This study employs an analytical mathematical model to estimate the optimal debt ratio of Korean agricultural corporations, more sensitive to the government debt ratio policy compared to other industries, and the estimation of the optimal debt ratio based on objective data. The analytical model utilizes the equation for ROE, with the debt ratio as an independent variable, and related parameters include ROS, TAT, and NFCL. Regarding the NFCL, the optimal debt ratio standard is defined as the debt ratio that maximizes the ROE by analytical procedures such as adding an equation concerning the debt ratio and a linearity relationship to the analytical model, and from these equations, a quadratic equation with the debt ratio as an independent variable describes the ROE. This methodemploys fourteen years of corporate data. Results show that 138% of debt ratio is the optimal debt ratio to increase the ROE of the corporations, which implies that the existing debt ratio of Korean agricultural corporations is higher than optimal. Consequently, it is required for authorities to change future debt ratio policies in view that the purpose of debt ratio management is to maintain safety and increase profitability.Management should emphasize characteristics of the specific industry rather than standardized judgements based on numerical indexes.

• The Korean Journal of Archival Studies
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• no.25
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• pp.233-278
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• 2010

An interest in various description of history was increased, resolutely breaking away from the existing frame also in a historical science world, under the influence of post-modernism arisen from the mid 20th century, and for this, oral history archives and oral history methodology began to attract the attention in various academia including archival science as a method for a new writing of history. Also, under the circumstance of korea having a difficulty in performing a whole reconstruction of modern age history and a liquidation of past affairs due to an absolute lack of archives, the tendency is toward more active management of oral history archives and establishing oral history archives in the context of an excavation of new archives and a reinterpretation of history, owing to the necessity in a particular situation. This article started with a critical mind regarding an absence of a collecting policy which can help an effective development of collection from a point of view of archival science, with regard to oral history archives that recently shows a rapid increase of an interest. For this, this article intended to present an new element of a collecting policy besides the study on a collecting policy performed meanwhile by an archival science world by noticing a characteristic and a collecting method of oral history archives, this can be examined largely through 'a statement of mission and collection purpose', 'a policy of collection at large', 'a definition of maintenance and use of the holdings', and 'a guide for a development of collection', and add a proposal regarding a plan to embody the parr which should be actually applied to collection of oral history archives among the existing constituents.

• Journal of Wetlands Research
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• v.21 no.2
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• pp.173-180
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• 2019

This study was conducted to understand factors affecting TSS and heavy metals transport on the road, parking lot and roof. During storm events, heavy metals, which were mostly attached to TSS, were also transported when TSS was washed off in the road, parking lot and roof. This finding may be supported by the significant correlations between TSS load and total and soluble heavy metals load including Cr, Fe, Cu, and Pb (Pearson r value: 0.52 to 0.73; probability p value<0.01). Generation and transport of TSS and heavy metals were greater in the road and parking lot compared to the roof due to vehicular activities, slope and greater catchment areas of these sites. It was found that TSS transport during peak flows of storm events ranges from 65% to 75% implying that by controlling peak flows, TSS transportation to nearby water bodies may be decreased. Depending on the target TSS and heavy metal reduction, sizing of low impact development (LID) technologies and green infrastructures (GI) such as infiltration trench, tree box filter, and rain garden may be calculated. Future researchers were recommended to assess the limitations of the systems and determine the design considerations for these types of facilities.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.36 no.4
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• pp.265-272
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• 2023

This paper presents a conceptual strategy and technologies for the digital transformation of design and construction of reinforced concrete (RC) structures. The development of an automated detail design strategy for RC structures is described. Integrated digital platform based on 5D BIM concept is proposed for the replacement of the current technology environment-based 2D CAD. Generally, the detail design development is labor-intensive and iterative. Effective automation of relevant aspects can dramatically improve productivity and accuracy. The proposed solutions for the automated BIM modeling based on the rebar and formwork detail design automation achieves the productivity and accuracy sufficient for site application. The platform integrates and manages the information flow between each solution or application and provides it to all participants of the project. Finally, it is expected that the proposed strategy and technologies can be further enhanced to achieve the productivity and accuracy needed for widespread site application and digital transformation.

• Journal of Service Research and Studies
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• v.12 no.3
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• pp.134-143
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• 2022

TThe National Cemetery is a space for realizing patriotism at the national level to honor the will of those who gave their lives for the country and to permanently venerate their loyalty and merit. The purpose of the establishment of the national cemetery is to imitate the spirit of patriotism that was sacrificed for the country and people. The state distinguishes between private death and public death as a sacrifice for the state. Furthermore, we carefully manage deaths that are classified as public. National cemeteries are the institutional space for managing such public deaths. With respect for devotion and discipline, the standards for burial and commemoration should not be based on status or class. In a national cemetery, shifting the degree of courtesy and priorities to devotion and discipline will become a true patriotism system in a democratic society. First of all, it is time to honor those who have died and those who have dedicated themselves to the restoration of national sovereignty as the highest and highest priority. This is the key to resolving the conflict that our national cemetery is experiencing and gaining public sympathy. This study is based on the premise that the national cemetery is insufficient as an open memorial space and historical space loved by the people. In addition, the implications and applicability of national cemeteries are reviewed through domestic and foreign excellent cases and high-quality and eco-friendly national cemetery construction cases in advanced countries.

• Korean Security Journal
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• no.34
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• pp.7-32
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• 2013

The idea of this study was derived from awareness of local governments and police's limitation on attempts to 'creating safe park'. The purpose of this study is to examine current political measures of preventing various types of possible crimes in the park and the limitation of those policies. Furthermore, this study aims to suggest possible explanations to utilize Private Security Sector for the effective and continuous way of managing park safety by considering legal and practical solutions and its expectations. The methods of analysis used in this study are, first, literature review of current park safety management policies. Second, this article examined implications of strategies of those policies throughout the case study of the USA's park safety policy. Third, this study suggested plans of action and role of Private Security Sector to improve park safety. The results present several arguments for the park safety. First, legislation of mandatory crime preventing programme in the early stages of designing park is required. Introducing the 'park special judicial police system' to the major parks for a immediate response to the crime can be one of suggestions. Moreover, proactive police response systems, such as one of the Seoul Metropolitan Police's policies- 'returning safe parks to a citizen' are required. Second, the case study of the USA regarding park safety confirmed that major parks in the USA have rigorous and detailed park regulations. It also showed that those parks take not only preventing measures, but also follow-up measures against crimes. Third, the results suggest creating human resources by contracting out Park Managers and Private Security Sector that have specialized experiences and techniques to prevent crimes and public disorders. Overall in this study, increased citizen's satisfaction level, control of continuous and systematic crimes, the spread of joint-production of public safety, and increased fields of the Private Security Sector are expected from the findings.

• Korean Journal of Heritage: History & Science
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• v.42 no.1
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• pp.122-142
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• 2009

This study explored all domestic and international theories for maintenance and health enhancement of an old and big tree, and carried out the anatomical survey of the operation part of the tree toward he current status of domestic surgery and the perception survey of an expert group, and drew out following conclusion through the process of suggesting its reform plan. First, as a result of analyzing the correlation of the 67 subject trees with their ages, growth status. surroundings, it revealed that they were closely related to positional characteristic, damage size, whereas were little related to materials by fillers. Second, the size of the affected part was the most frequent at the bough sheared part under $0.09m^2$, and the hollow size by position(part) was the biggest at 'root + stem' starting from the behind of the main root and stem As a result of analyzing the correlation, the same result was elicited at the group with low correlation. Third, the problem was serious in charging the fillers (especially urethane) in the big hollow or exposed root produced at the behind of the root and stem part, or surface-processing it. The benefit by charging the hollow part was analyzed as not so much. Fourth, the surface-processing of fillers currently used (artificial bark) is mainly 'epoxy+woven fabric+cork', but it is not flexible, so it has brought forth problems of frequent cracks and cracked surface at the joint part with the treetextured part. Fifth, the correlation with the external status of the operated part was very high with the closeness, surface condition, formation of adhesive tissue and internal survey result. Sixth, the most influential thing on flushing by the wrong management of an old and big tree was banking, and a wrong pruning was the source of the ground part damage. In pruning a small bough can easily recover itself from its damage as its formation of adhesive tissue when it is cut by a standard method. Seventh, the parameters affecting the times of related business handling of an old and big tree are 'the need of the conscious reform of the manager and related business'. Eighth, a reform plan in an institutional aspect can include the arrangement of the law and organization of the old and big tree management and preservation at an institutional aspect. This study for preparing a reform plan through the status survey of the designated old and big tree, has a limit inducing a reform plan based on the status survey through individual research, and a weak point suggesting grounds by any statistical data. This can be complemented by subsequent studies.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.3
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• pp.301-308
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• 2018

This study explores an analytical mathematical model designed to estimate the optimal debt ratio of the Korean automobile industry, which has a more significant effect on the national economy than that of other industries, and attempts to estimate the optimal debt ratio based on objective data. The analytical model is based on ROA and ROE which uses the debt ratio as an independent variable and employs ROS, TAT, and NFCL as the related parameters. Regarding the NFCL, the optimal debt ratio is usually defined as the debt ratio that maximizes the ROA and ROE and is calculated using analytical procedures, such as by adding an equation that considers the debt ratio and the linearity relationship to the analytical model. This is because the optimal debt ratio can be calculated reliably by making use of an estimated value within a certain range, which is derived from more than two calculations rather than a single estimation starting from one calculation formula. In this study, for the estimation of the optimal debt ratio, the ROA and ROE are expressed as a quadratic equation with the debt ratio as the independent variable. Using this analysis procedure, the optimal debt ratio obtained using the data from the Korean automobile industry over a sixteen year period, which would optimize the profitability of the Korean automobile industry, was found to be 188% of the debt ratio in the ROA and 213% of the debt ratio in the ROE. This result was obtained by overcoming the problem of the reliability of the estimation value in spite of the limitations of the logical theory of this study, and can be interpreted as meaning that maintaining a debt ratio of 188% to 213% can enhance the profitability and reduce the risks in the Korean automobile industry. Furthermore, this indicates that the existing debt ratio of the Korean automobile industry is lower than the optimal value within the estimated range. Consequently, it is necessary for corporations to change their future debt ratio policies, given that the purpose of debt ratio management is to maintain safety and increase profitability, and to take into account the characteristics of the specific industry.