• Journal of Industrial Convergence
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• v.20 no.11
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• pp.75-83
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• 2022

This study analyzes whether investor sentiment and liquidity explain the momentum phenomenon in the Korean stock market and whether it is a risk factor for the asset pricing model. The empirical analysis used the monthly returns of non-financial companies listed on the stock market during the period 2000-2021. As a result of the analysis, first, it was found that there is a momentum effect in Korea. This is the same result as the previous study, and since 2000, the momentum effect has been accepted as a general phenomenon in the Korean stock market. Second, if we look at the portfolio based on investor sentiment, investor sentiment is influencing momentum. In particular, when investor sentiment is negative, the return on the winner portfolio is high. Third, as a result of the analysis based on liquidity, the momentum effect disappears and a reversal effect appears. Fourth, it was found that investor sentiment and liquidity influence the momentum effect. This is a result of the strong momentum effect in the illiquid stock group with negative investor sentiment. Fifth, as a result of analyzing the effect of each factor on stock returns, it was found that both investor psychology and liquidity factors have a significant impact on returns. The estimated results provide evidence that the inclusion of these two factors in the Carhart four-factor model significantly increases the predictive power of the model. Therefore, it can be said that investor sentiment factors and liquidity factors are important factors in determining stock returns.

• Journal of the Society of Naval Architects of Korea
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• v.46 no.2
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• pp.114-126
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• 2009

The authors adopt the Unmanned Undersea Vehicle(UUV), which has taken the shape of manta(Sohn et al. 2006). They call here it Manta-type Unmanned Undersea Test Vehicle(MUUTV). MUUTV is based on the same design concept as UUV called Manta Test Vehicle, which was originally built and operated by the Naval Undersea Warfare Center(Lisiewicz and French 2000, Sirmalis et al. 2001). In order to evaluate manoeuvring motion characteristics of MUUTV, numerical simulation technique has been utilized. Previous mathematical model on manoeuvring motion of MUUTV(Sohn et al. 2006) is basically adopted. Result of static experiment carried out in circulating water channel and a part of NSRDC standard model(Feldman 1979) on rotational mode are supplemented. Some of the hydrodynamic derivatives are obtained from model experiment in circulating water channel and the rest of them are estimated.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.39 no.1
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• pp.27-35
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• 2015

The material properties of crack growth models at an elevated temperature were derived from the results of numerous crack growth tests for Mod.9Cr-1Mo (ASME Grade 91) steel specimens under fatigue loading and creep loading at an elevated temperature. These crack growth models were needed for defect assessment under creep-fatigue loading. The mathematical crack growth rate models for fatigue crack growth (FCG) and creep crack growth (CCG) were determined based on the test results, and the models were compared with those of the French design code RCC-MRx to investigate the conservatism of the code. The French design code RCC-MRx provides an FCG model and a CCG model for Grade 91 steel in Section III Tome 6. It was shown that the FCG model of RCC-MRx is conservative, while the CCG model is non-conservative compared with the present test data. Thus, it was shown that further validation of the property was required. Mechanical strength tests and creep tests were also conducted, and the test results were compared with those of RCC-MRx.

• Journal of the Korea institute for structural maintenance and inspection
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• v.23 no.7
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• pp.152-163
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• 2019

In this paper, effect of steel fiber inclusion, compressive strength of matrix, shear reinforcement and shear span to depth ratio on the flexural behavior of UHPFRC(Ultra High Performance Fiber Reinforced Concrete) were investigated with test of 10-UHPFRC beam specimens. All test specimens were subjected to the flexural static loading. It was shown that steel fiber significantly improve the shear strength of UHPFRC beams. 2% volume fraction of steel fiber change the mode of failure from shear failure to flexural failure and delayed the failure of compressive strut with comparatively short shear span to depth ratio. UHPFRC beams without steel fiber had a 45-degree crack angle and fiber reinforced one had lower crack angle. Shear reinforcement contribution on shear strength of beams can be calculated by 45-degree truss model with acceptable conservatism. Using test results, French and Korean UHPFRC design recommendations were evaluated. French recommendation have shown conservative results on flexural behavior but Korean recommendation have shown overestimation for flexural strength. Both recommendations have shown the conservatism on the flexural ductility and shear strength either.

• Korean Journal of Human Ecology
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• v.3 no.1
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• pp.1-14
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• 1994

This study is carried out to develope parent education methodology by analysing "${\acute{E}}cole$ des Parents" of France. To study this subject we approach by following three methodes. Firstly, we examined bibliographes to find out motivation of initiative caused from hystological and sociological circumstance. Secondly, to analyse chronological developement and modification of "${\acute{E}}cole$ des Parents" we interviewed with three periods of persons : founder, developer and actually working animators. In addition, we riviewed three hundred eighty volumes of $\underline{{\acute{E}}cole\;des\;Parents}$, from first jurnals to october, 1993. Thirdly, this study were approached by participant observation in actual activities, and by analyse statstical records and subject of articals. In results, we noticed following caractors working in french parent education system. All the regional "${\acute{E}}cole$ des Parents" are alined with "$F{\acute{E}}d{\acute{E}}ration$ Nationale des ${\acute{E}}cole$ des Parents et des ${\acute{E}}ducateurs$"(F.N.E.PE.) in educational polish but activities and methodes of education are independant with F.N.E.P.E., and in most different regional "${\acute{E}}cole$ des Parents" focussed the educational programes to the middle class families in economic point of view. these programes adjust very rapidly systematicaly to social requirment due to successed intensive research. Mordern programs tend to contain all members of family in stead of targeting only maternal members. Methodes of education by lectures and speechs only to deliver information also replaced by discussion, forum and groop animation to induce self-correction. We propose that the systems of FNEPE can be ideal models to solve many actual problems facing in Korean parent education systemes.

• Korean Institute of Interior Design Journal
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• v.17 no.4
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• pp.11-22
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• 2008

This study aims at clarifying the circumstances under which the Korean Pavilion was constructed at the 1900 Paris Universal Exposition, and major architectural features of the pavilion building, In particular, this thesis studies the construction history of the Korean Pavilion newly developed by Comte de Mimerel on the part of France following the sudden death of Baron Delort de Gleon during the construction of the Korean Pavilion, as well as architectural features of the draft design. The Korean Pavilion designed by Comte de Mimerel completely reproduces Keunjeongjeon of Gyeongbok Palace, faithfully complying with the then design tendency of the exposition. Mr. Young Chan Min, the Vice Chairman of the Seoul Organization Committee, positively participated in the construction process, and traditional carpenters in Chosun, together with Mr. Young Chan Min, were dispatched to Paris to engage in the construction of the pavilion building. This is substantially in contrast to the earlier design. According to the analysis in this study, although the Korean Pavilion designed by Comte de Mimerel was primarily built with the fund of the French Government and under the French architectural system, as a result of the Korean Government's positive participation in the construction process, it was decided to use Geunjeongjeon, the symbol of Chosun, as a model of the pavilion, and therefore, the Korean Pavilion was recognized by the Europeans as a monument of complex and sophisticated civilization. Furthermore, commercial and colonialistic expressions, which were found in the earlier plan, are rarely found in the Korean Pavilion designed by Comte de Mimerel, and we can see that this is the result of the attempt to fully reproduce Geunjeongjeon, the major building of the Chosun royal court, in building the Korean Pavilion.

• International Journal of Advanced Culture Technology
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• v.6 no.3
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• pp.1-11
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• 2018

The purpose of this study is to develop and analyze the meaning and contents of the "H-STEAM teaching & learning model" which combines Science, Technology, Engineering, Arts & Mathematics (STEAM) with the elements of Humanities. We developed this model based on the key competencies linked with career path for middle school students in Korea, with the recognition of two issues. First, the existing Korean STEAM education lacks the elements of humanities, thus failing to achieve an authentic convergence education. Second, it is necessary to develop a program that might correspond to the Free Semester Program that was first introduced in 2013, and implemented at full scale in 2016 for middle school students in Korea. The advantages of H-STEAM are as follows: First, H-STEAM enables students to flexibly think while traversing the physical world and the symbolic world in the process of dealing with the daily problems. Second, it combines advanced technology with human sensibility and imagination, and enables students to derive creative outcomes that stimulate their minds. Third, it makes students feel and realize a point of contact between the subject that students learn, and jobs of the real world.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.4
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• pp.98-105
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• 2021

Using the frequency-based decomposition, I decompose the consumption growth to explain well-known patterns of stock returns in the Korean market. To be more specific, the consumption growth is decomposed by its half-life of shocks. The component over four years of half-life is called the business-cycle consumption component, and the components with half-lives under four years are short-run components. I compute the long-run and short-run components of stock excess returns as well and use component-by-component sensitivities to price stock portfolios. As a result, the business-cycle consumption risk with half-life of over four years is useful in explaining the cross-section of size-book-to-market portfolios and size-momentum portfolios in the Korean stock market. The short-run components have their own pricing abilities with mixed direction, so that the restricted one short-term factor model is rejected. The explanatory power with short- and long-run components is comparable to that of the Fama-French three-factor model. The components with one- to four-year half-lives are also helpful in explaining the returns. The results about the long-run components emphasize the importance of long-run component in consumption growth to explain the asset returns.

• Geomechanics and Engineering
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• v.31 no.5
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• pp.453-460
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• 2022

It is essential for geotechnical engineers to conduct studies and make predictions about the stability of slopes, since collapse of a slope may result in catastrophic events. The Gaussian process regression (GPR) approach was carried out for the purpose of predicting the factor of safety (FOS) of the slopes in the study that was presented here. The model makes use of a total of 327 slope cases from Iran, each of which has a unique combination of geometric and shear strength parameters that were analyzed by PLAXIS software in order to determine their FOS. The K-fold (K = 5) technique of cross-validation (CV) was used in order to conduct an analysis of the accuracy of the models' predictions. In conclusion, the GPR model showed excellent ability in the prediction of FOS of slope stability, with an R² value of 0.8355, RMSE value of 0.1372, and MAPE value of 6.6389%, respectively. According to the results of the sensitivity analysis, the characteristics (friction angle) and (unit weight) are, in descending order, the most effective, the next most effective, and the least effective parameters for determining slope stability.

• Management & Information Systems Review
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• v.28 no.1
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• pp.25-44
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• 2009

This study examines long term performance of initial public offerings(IPO) after book building was introduced in KOSDAQ market. We use event time portfolio approach and calendar time portfolio approach to test if the performance of IPO is fair or not in long term. We estimate the performance by using the BHAR(buy and hold abnormal return), CAR(cumulative abnormal return), WR(wealth relatives) model in event time portfolio approach. And we calculate the performance by using Fama-French three factor model, CTAR(calendar time abnormal return), RATS(Return Across Time and Securities approach) model in calendar time portfolio approach. This study shows that the long term performance of IPO is positive with statistical significance as the results of the analysis through the various research method and all windows in all kinds of firms and total firms.