• Asia-Pacific Journal of Business
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• v.11 no.4
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• pp.189-203
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• 2020

Purpose - This study aims in analyzing the dynamic relationship between household loans and housing prices according to the characteristics of depository institutions after the financial crisis, identifying the recent trends between them, and making policy suggestions for stabilizing house prices. Design/methodology/approach - The monthly data used in this study are household loans, household loan interest rates, and housing prices ranging from January 2012 to May 2020, and came from ECOS of the Bank of Korea and Liiv-on of Kookmin Bank. This study used vector auto-regression, generalized impulse response function, and forecast error variance decomposition with the data so as to yield analysis results. Findings - The analysis of this study no more shows that the household loan interest rates in both deposit banks and non-bank deposit institutions had statistically significant effects on housing prices. Also, unlike the previous studies, there was statistically significant bi-directional causality between housing prices and household loans in neither deposit banks nor non-bank deposit institutions. Rather, it was found that there is a unidirectional causality from housing prices to household loans in deposit banks, which is considered that housing prices have one-sided effects on household loans due to the overheated housing market after the financial crisis. Research implications or Originality - As a result, Korea's housing market is closely related to deposit banks, and housing prices are acting as more dominant information variables than interest rates or loans under the long-term low interest rate trend. Therefore, in order to stabilize housing prices, the housing supply must be continuously made so that everyone can enjoy housing services equally. In addition, the expansion and reinforcement of the social security net should be realized systematically so as to stop households from being troubled with the housing price decline.

• International Journal of Computer Science & Network Security
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• v.21 no.4
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• pp.255-263
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• 2021

Smart grid is a fully-automated, bi-directional, power transmission network based on the physical grid system, which combines sensor measurement, computer, information communication, and automatic control technology. Blockchain technology, with its security features, can be integrated with Smart Grids to provide secure and efficient power management and transmission. This paper dicusses the deployment of Blockchain technology in Smart Grid. It presents application areas and protocols in which blockchain can be applied to in securing smart grid. One application of each area is explored in detail, such as efficient peer-to-peer transaction, lower platform costs, faster processes, greater flexibility in power generation to transmission, distribution and power consumption in different energy storage systems, current barriers obstructing the implementation of blockchain applications with some level of maturity in financial services but concepts only in energy and other sectors. Wide range of energy applications suggesting a suitable blockchain architecture in smart grid operations, a sample block structure and the potential blockchain technicalities employed in it. Also, added with efficient data aggregation schemes based on the blockchain technology to overcome the challenges related to privacy and security in the smart grid. Later on, consensus algorithms and protocols are discussed. Monitoring of the usage and statistics of energy distribution systems that can also be used to remotely control energy flow to a particular area. Further, the discussion on the blockchain-based frameworks that helps in the diagnosis and maintenance of smart grid equipment. We have also discussed several commercial implementations of blockchain in the smart grid. Finally, various challenges have been discussed for integrating these technologies. Overall, it can be said at the present point in time that blockchain technology certainly shows a lot of potentials from a customer perspective too and should be further developed by market participants. The approaches seen thus far may have a disruptive effect in the future and might require additional regulatory intervention in an already tightly regulated energy market. If blockchains are to deliver benefits for consumers (whether as consumers or prosumers of energy), a strong focus on consumer issues will be needed.

• Journal of the Institute of Electronics and Information Engineers
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• v.53 no.5
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• pp.25-36
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• 2016

The goal of the SmartGrid is to maximize energy efficiency by exchanging bi-directional real-time power information with the help of ICT(Information and Communication Technology). In this paper, we propose a "JRS-MS" (Joint Routing and Scheduling for Multi-channel SmartGrid) algorithm that uses numerical modeling methods in IEEE 802.11s based STDMA multi-channel SmartGrid NAN networks. The proposed algorithm controls the amount of data transmission adaptively at the link layer and finds a high data-rate path which has the least interference between traffic flows in multi-channel SmartGrid NAN networks. The proposed algorithm improve transmission performance by enhancing network utilization. By comparing the results of performance analysis between the proposed algorithm and the JRS-SG algorithm in the previous paper, we showed that the JRS-MS algorithm can improve transmission performance by maximally utilizing given network resources when the number of flows are increasing in the multi-hop NAN wireless mesh networks.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.5
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• pp.17-26
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• 2018

If a photovoltaic (PV) system is installed in a primary feeder interconnected with the PV system, bi-directional power flow can occur, and then, the magnitude and direction of the fault current can change, depending on the fault location and point of common coupling (PCC) of the PV system, and the time current curve (TCC) cannot be properly coordinated between protection devices. Also, it is difficult to obtain a proper time interval for protection devices because the conventional setting approach is applied, even though the PV system is installed and operating. Therefore, this paper presents three operation modes considering the operational conditions of the PV system to obtain setting values for protection devices. Based on the mode, this paper proposes an algorithm to calculate the optimal protection coordination time interval according to the introduction capacity of the PV system. In addition, this paper performs modelling of a distribution system with the PV system and protection devices by using Off-DAS S/W, and analyzes the characteristics of the time interval between the protection devices, such as substation relays, reclosers, customer relays, and PV customer relays. The simulation results confirmed that the proposed operational modes and setting-value algorithms are useful and effective for protection coordination in a distribution system for a PV system.

• Management & Information Systems Review
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• v.32 no.4
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• pp.189-207
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• 2013

Using high-frequency data for 2 years, this study investigates intraday lead-lag relationship between stock index and stock index futures markets in Korea and China. We found that there are some differences in price discovery and volatility transmission between Korea and China after the stock index futures markets was introduced. Following Stoll-Whaley(1990) and Chan(1992), the multiple regression is estimated to examine the lead-lag patterns between the two markets by Newey-West's(1987) heteroskedasticity and autocorrelation consistent covariance matrix(HAC matrix). Empirical results of KOSPI 200 shows that the futures market leads the cash market and weak evidence that the cash market leads the futures market. New market information disseminates in the futures market before the stock market with index arbitrageurs then stepping in quickly to bring the cost-of-carry relation back into alignment. The regression tests for the conditional volatility which is estimated using EGARCH model do not show that there is a clear pattern of the futures market leading the stock market in terms of the volatility even though controlling nonsynchronous trading effects. This implies that information in price innovations that originate in the futures market is transmitted to the volatility of the cash market. Empirical results of CSI 300 shows that the cash market is found to play a more dominant role in the price discovery process after the Chinese index started a sharp decline immediately after the stock index futures were introduced. The new stock index futures markets does not function well in its price discovery performance at its infancy stage, apparently due to high barriers to entry into this emerging futures markets. Based on EGAECH model, the results uncover strong bi-directional dependence in the intraday volatility of both markets.

• Spatial Information Research
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• v.9 no.2
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• pp.239-261
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• 2001

A large suite of official statistical data sets has been compiled for geographical units under the national directives, and it is the quantitative regional analysis procedures that could add values to them. This paper reports our attempts at prototyping a statistical GIS which is capable of serving over the Web a variety of regional analysis routines as well as value-added statistics and maps. A pilot database of some major statistical data was ingested for the city of Seoul. The baseline subset of regional analysis methods of practical usage was selected and accommodated into the business logic of the target system, which ranges from descriptive statistics, regional structure/inequality measures, spatial ANOVA, spatial (auto) correlation to regression and residual analysis. The leading-edge information technologies including the application server were adopted in the system design and implementation so that the database, analysis modules and analytic mapping components may cooperate seamlessly behind the Web front-end. The prototyped system supports tables, maps, and files of downloadable format for input and output of the analyses. One of the most salient features of out proposed system is that both the database and analysis modules are extensible via the bi-directional interface for end users; The system provides users with operators and parsers for algebraic formulae such that the stored statistical variables may be transformed and combined into the newly-derived set of variables. This functionality eventually leads to on-the-fly fabrication of user-defined regional analysis algorithms. The stored dataset may also be temporarily augmented by user-uploaded dataset; The extension of this form, in essence, results in a virtual database which awaits for users commands as usual. An initial evaluation of the proposed system confirms that the issues involving the usage and dissemination of information can be addressed with success.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.40 no.1
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• pp.198-201
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• 2015

The prompt and accurate location determination of the nodes of the wireless indoor shipboard networks is crucial to forming the stable wireless shipboard sensor networks. To this end in this paper it can be achieved through the measurement of the bi-directional channel qualities among the nodes after the locations of the sensor nodes temporarily placed. For the 1st stage the piconet-type sensor networks are considered to measure the channel qualities between a specific node and the cluster node which is the master node. After finishing the 1st stage measurement the nodes needing the relay nodes are selected and the measurement action goes into the 2nd stage. In the 2nd stage the measurement between a candidate relay node and the node needing a relay node starts to begin. After the 2nd stage the relay nodes to connect to the cluster node are fixed and the information delivery paths between a node and the cluster head are established. In this paper the measurement results in the realistic environment are gathered and analysed to show that the measurement procedure can be applied in the wireless indoor shipboard networks.

• Journal of Broadcast Engineering
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• v.10 no.1 s.26
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• pp.43-56
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• 2005

In the existing broadcasting environment, it is not easy to serve the bi-directional service between a broadcasting server and a TV audience. In the uni-directional broadcasting environments, almost TV programs are scheduled depending on the viewers' popular watching time, and the advertisement contents in these TV programs are mainly arranged by the popularity and the ages of the audience. The audiences make an effort to sort and select their favorite programs. However, the advertisement programs which support the TV program the audience want are not served to the appropriate audiences efficiently. This randomly provided advertisement contents can occur to the audiences' indifference and avoidance. In this paper, we propose the target advertisement service for the appropriate distribution of the advertisement contents. The proposed target advertisement service estimates the audience's profile without any issuing the private information and provides the target-advertised contents by using his/her estimated profile. For the experimental results, we used the real audiences' TV usage history such as the ages, fonder and time of the programs from AC Neilson Korea. And we show the accuracy of the proposed target advertisement service algorithm. NDS (Normalized Distance Sum) and the Vector correlation method, and implementation of our target advertisement service system.

• Journal of the Korea Convergence Society
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• v.8 no.12
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• pp.55-62
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• 2017

The Named Entity Recognition system is a system that recognizes words or phrases with object names such as personal name (PS), place name (LC), and group name (OG) in the document as corresponding object names. Traditional approaches to named entity recognition include statistical-based models that learn models based on hand-crafted features. Recently, it has been proposed to construct the qualities expressing the sentence using models such as deep-learning based Recurrent Neural Networks (RNN) and long-short term memory (LSTM) to solve the problem of sequence labeling. In this research, to improve the performance of the Korean named entity recognition system, we used a hand-crafted feature, part-of-speech tagging information, and pre-built lexicon information to augment features for representing sentence. Experimental results show that the proposed method improves the performance of Korean named entity recognition system. The results of this study are presented through github for future collaborative research with researchers studying Korean Natural Language Processing (NLP) and named entity recognition system.

• The KIPS Transactions:PartC
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• v.11C no.6 s.95
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• pp.799-806
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• 2004

A growing diversity of pervasive devices is gaming access to the Internet and other information. However, much of the rich multimedia contents cannot be easily handled by the client devices because of the limited communication, processing, storage and display capabilities. The in-tegration of voice, data and video service modified the target of networking technologies. Networks must have some the capabilities for in-tegration of various services and also for QoS support as required by each of those service. Because of these reasons, we developed EAGIS(Efficient ATM Gateway for real time Internet Service) to provide seamless multimedia service between the ATM network and the Internet. EAGIS consists of the interworking unit, content server, transcoding server, and the serveice broker to provide seamless multimedia service be-tween the ATM network and the Internet. In this paper, we design the architecture and transcoding service scenario of the EAGIS. When the RTP is used for the bi-directional communication, transcoding time is configured by the time-stamp of RTCP. When HTTP is used for unidirec-tional communication, self-timer is used. By using these reference time, standard transcoding method is applicable according to the frame trans-mission rate and network traffic load. And we can also assure the QoS of the multiple users` effective bandwidth by our algorithm.