• Journal of Korea Port Economic Association
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• v.36 no.3
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• pp.115-136
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• 2020

This study aims to analyze the impact of China's iron ore imports and exports on the tramper freight rate of China. The import volume of iron ore in China, the export volume of steel products in China, and exogenous variables were used as independent variables. The dependent variables were BDI, BCI, C5, C10, C14, BSI, S2, and S3. Correlation analysis and regression analysis were conducted. The correlation analysis showed that China's iron ore imports were not related to the remaining BDI, BCI, BSI, C5, C10, S2, and S3, except for the C14 index. However, there was a positive correlation between the ship's space and international oil prices, and it was not related to China's Purchasing Managers Index (PMI). The export volume of steel products was negatively correlated with BDI, BCI, BSI, C5, C10, C14, S2, S3, and international oil prices, and was not related to iron ore imports, ship space, and China's PMI. In the verification of the hypothesis between China's iron ore imports and exogenous variables, China's PMI was rejected within the hypothesis. However, the hypothesis on international oil prices and ship space was adopted. In the verification of the hypothesis between China's steel export volume and exogenous variables, the hypothesis on BDI and the S3 index was adopted, and the hypothesis on BSI and S2 was rejected. In the analysis results of this study, the ship space and oil prices were adopted in all the hypothesis results. Domestic companies participating in the tramper shipping market will need to be prepared through continuous monitoring of related indicators.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.15 no.2
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• pp.63-73
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• 2016

On January 16 to May 31, 2012, Korea Expressway Corporation was carried out an pilot overweight enforcement using high-speed weigh-in-motion at Gyeongbu expressway 195.0k (Gimcheon) and Jungbunaeryuk expressway 119.5k (Seonsan). In this study, it is attempted to analyze the practical effect of high-speed weigh-in-motion by comparing the average total weight and traffic volume of eight weeks before and after the these overweight enforcement, respectively. The main results are as follows: First, the result of analysis of the change in average total weight and traffic volume, it was found that it did not differ after as in previous traffic volume, and the total weight is reduced. This means that the total weight is not reduced by decreasing freight traffic, but by decreasing the total weight. Therefore, it can be seen that there is an effect of pilot overweight enforcement using high-speed weigh-in-motion. Second, the average total weight and total weekly traffic volume decreased rapidly starting from the start of the overweight enforcement, but there was showing a tendency to increase gradually again.

• International Commerce and Information Review
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• v.18 no.3
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• pp.47-72
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• 2016

The Government of Korea has always focused on developing and maintaining a surplus on the balance of payments as a successful trade policy. The focus should now be on spatial information hiding, revealing patterns in trade activities that enable viewing trade in a more sophisticated manner. This study utilizes trade statistical data such as the United States-South Korea imports and exports from 2003 to 2015 officially released by the two countries. It allows us to analyze and extract the spatial information pertaining to the origin, transit, and destination. First, in the case of export data to the United States, the origin of the trade goods has expanded and decentralized from the metropolitan area. With regard to transit, in 2003, most of the exported goods were shipped by ocean vessels and arrived at the ports on the western coast of the United States. However, trade patterns have changed over the 12-year period and now more of that trade has moved to the southern ports of the United States. In terms of destination, California and Texas were importing goods from South Korea. With the development of the automotive industry in Georgia and Alabama, these two states also imported huge volumes of automobile parts. Second, in case of import data, most imported goods from the United States originated from California and Texas. In this case, 40% of goods were shipped by air freight and arrived at the Incheon-Seoul International Airport; most ocean freight was handled at the Port of Busan. The purpose of this study is to decompose the spatial information from the trade statistics data between Korea and the United States and to depict visualized bilateral trade structure by origin, transit, and destination.

• Journal of Korea Port Economic Association
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• v.34 no.3
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• pp.133-158
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• 2018

The role and ratio of national vessels in the global container shipping market have reduced significantly due to the bankruptcy of Hanjin Shipping in early 2017. All import-export companies, as well as container ports in Korea, are facing a crisis. The Trump's tariff and trade battles have had a negative impact on the increase in the North American cargo. However, Chinese and Japanese container shipping companies, which merged with domestic container shipping companies, and mega carriers such as Maersk and CMA CGM have benefited from the decline in shipping supplies due to the collapse of Hanjin Shipping, the world's 10th largest container carrier in Korea. The import/export freight trade in Korea is witnessing the increasing stronghold of foreign carriers. This scenario is expected to weaken Korea's negotiation powers with overseas shipping companies in domestic ports, such as Busan and Kwangyang, thereby making it more challenging to attract shipping carriers. This study compares the global container-shipping network in 2007 and 2017 by combining the network topology of the social network analysis and the economics of the liner shipping connectivity index (LSCI) and the container port connectivity index (CPCI) analysis. The findings of this study are that the role of the ports across the world can be identified, and CPCI has a high correlation with the centrality index and freight volume data. These findings can contribute toward the utilization of the meaning of the necessary centrality index without an additional centrality analysis. This study can be applied not only to the call strategy of container carriers but also to the alliance and development strategy of Korean ports.

• Journal of Navigation and Port Research
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• v.42 no.6
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• pp.546-554
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• 2018

The Bulk market, unlike the line market, is characterized by stiff competition where certain ship or freight owners have no influence on freight rates. However, freights are subject to macroeconomic variables and economic external shock which should be considered in determining management or chartering decisions. According to the results analyzed by use of ARIMA Inventiom model, the impact of the financial crisis was found to have a very strong bearing on the BDI index. First, according to the results of the VEC model, the libor rate affects the BDI index negatively (-) while exchange rate affects the BDI index by positively (+). Secondly, according to the results of the VEC model's J ohanson test, the order ship volume affects the BDI index by negatively (-) while China's economic growth rate affects the BDI index by positively (+). This shows that the shipping company has moved away from the simple carrier and responded appropriately to changes in macroeconomic variables (economic fluctuations, interest rates and exchange rates). It is believed that the shipping companies should be more aggressive in its "trading" management strategy in order to prevent any unfortunate situation such as the Hanjin Shipping incident.

• The Korean Journal of Physiology
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• v.1 no.1
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• pp.57-66
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• 1967

Cold $(0^{\circ}C)$ or warm $(25^{\circ}C)$ fresh and sea water were flooded into the lungs of rabbits through tracheal canule. Respiratory arrest ensued in 19.5 minutes in the warm fresh water flooded rabbits and was the longest survival time among the experimental groups. The survival times in the other groups were: 2.32 minutes in cold fresh water group, 2.75 minutes in .warm sea water group, and 4.57 minutes in cold sea water group. Cardiac output was measured by means of T-1824 dilution technique after 2 or 3 minutes of flooding in 27 rabbits. Blood pressure was observed by mercury manometer throughout the survival time in 40 rabbits. The following results were obtained. 1. Cardiac output in the warm fresh water flooded and sea water flooded animal was smaller than that of control rabbits. In the cold fresh water flooded animal cardiac output was greater than that of the control animal. 2. Time constants of T-1824 dilution curve of experimental group were elongated than the normal curve. 3. Central blood volume showed an increase in the fresh water group, a decrease in cold sea water group and no change in warm sea water group. 4. In all of the experimental groups arterial blood Pressure showed an abrupt and great variations after flooding of lungs and lasted about 30 seconds. Thereafter, arterial pressure remained at a plateau level until the sudden fall to zero and this was almost coincided with the time of respiratory arrest. The Plateau level of arterial Pressure in fresh water group was about 10 mmHg higher than the control value, and it was lower than the control value in warm sea water group. In cold sea water group the plateau was made up by fluctuations around the control value. 5. Osmosis of water through the lung alveolar membrane occured in all animals. Fresh water caused hemodilution and sea water caused hemoconcentration. 6. In sea water flooded animal more volume of water was recovered through the tracheal canule than the volume injected into trachea. This was interpreted as the consequence of the shift of water from plasma to alveolar sac. 7. Relative freight of lung was greater in fresh water group than sea water group. In all animal lung edema ensued. 8. The mechanisms of cardiac output variations were discussed.

• The Journal of Industrial Distribution & Business
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• v.11 no.2
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• pp.25-31
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• 2020

Purpose: The AEO (Authorized Economic Operator) program, created in 2001 in the United States due to 9.11 terrorist's attack, fundamentally changed the trade environment. Korea, which introduced AEO program in 2009, has become one of the world's top countries in the program by ranking 6th in the number of AEO certified companies and the world's No. 1 in MRA (Mutual Recognition Agreement) conclusions. In this paper, we examined what trade-economic and non-economic effects the AEO program and its MRA have in Korea. Research design, data and methodology: In this study we developed a model to verify the impact between utilization of AEO and trade-economic effects of the AEO and its MRA. After analyzing the validity and reliability of the model through Structural Equation Model we conducted a survey to request AEO companies to respond their experience on the effects of AEO program and MRA. As a result, 196 responses were received from 176 AEO companies and utilized in the analysis. Results: With regard to economic effects, the AEO program and the MRA have not been directly linked to financial performance, such as increased sales, increased export and import volumes, reduced management costs, and increased operating profit margins. However, it was analyzed that the positive effects of supply chain management were evident, such as strengthening self-security, monitoring and evaluating risks regularly, strengthening cooperation with trading companies, enhancing cargo tracking capabilities, and reducing the time required for export and import. Conclusions: When it comes to the trade-economic effects of AEO program and its MRA, AEO companies did not satisfy with direct effects, such as increased sales and volume of imports and exports, reduced logistics costs. However, non-economic effects, such as reduced time in customs clearance, freight tracking capability, enhanced security in supply chain are still appears to be big for them. In a rapidly changing trade environment the AEO and MRA are still useful. Therefore the government needs to encourage non-AEO companies to join the AEO program, expand MRA conclusion with AEO adopted countries especially developing ones and help AEO companies make good use of AEO and MRA.

• Journal of Korea Port Economic Association
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• v.34 no.1
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• pp.35-49
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• 2018

Busan Port handles more than 75% of the domestic freight volume and is ranked at 6th for global shipping in the world. This paper aims to estimate ship emission in North Port that is the center of Busan Port and located near the residential area. The emission for each type of ship is calculated applying a emission model proposed by U.S. EPA and the atmospheric diffusion pattern of the exhaust gas according to the season, the weather condition and the time was identified using CALPUFF Model. As a result, the major pollutants of $NO_x$, $SO_x$ and PM10 were 30,853 tons, 36,281 tons and 6,856 tons, respectively, and the highest rate was 42% in oil tankers. On clear days, air pollution was stagnant around the harbor, spread widely on windy days, and tended to be thinner on rainy days. The research contributes to recognizing the seriousness of air pollution and can be used as basic data for policy making in the future.

• Journal of Korea Port Economic Association
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• v.24 no.3
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• pp.57-77
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• 2008

The aim of this paper is to make projection of the demand for export loaded container throughput originating at Incheon port in Korea over the period in question. Systematic analysis is used as a forecasting method instead of quantitative analysis. First of all, the method explores coincident indicators which may reflect the square measure of neighboring industrial complexes which originate/destinate general cargo in export traffic trends. It is noted that in terms of the export loaded container throughput, per unit production scale is intermediated transforming from square measure of production facilities to freight weight in Korea. Consequently, the future progress of the volume can be anticipated relying on the development schemes for developing square measure out of the total square of the industrial complexes. Thus, moving-into percentage of the industrial complexes, percentage of business categories, percentage of capacity and percentage of passing through via Incheon port are adopted and the future traffic demand is projected taking advantage of them.

• Journal of Korea Port Economic Association
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• v.32 no.2
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• pp.91-103
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• 2016

The purpose of this study is to analyze the efficiency and productivity of domestic trucking transportation companies using DEA-CCR, BCC, and Malmquist indexes. Here, we analyze the top 14 domestic trucking transportation companies, based on cargo volume. The number of freight agents, trucks, and assets are used as input variables, and cargo volumes and sales are used as output variables. The efficiency of trucking transportation companies is examined using a DEA approach, and Malmquist indexes are applied to analyze productivity. According to the DEA results, the efficiency levels of the CCR, BCC, and scales for three companies (DMU 4, 5, and 10) are 1, indicating that these companies are operated efficiently. At the same time, the Malmquist indexes show that all companies have values smaller than 1, except for the period 2012-2013, indicating that their productivity decreased. Furthermore, the TECI indexes were all larger than 1, except for the period 2012-2013, indicating that the companies are efficient. Lastly, all TCI indexes are smaller than 1, except for the period 2012-2013, indicating regressing trends.