• Korean Institute of Interior Design Journal
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• v.22 no.5
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• pp.357-366
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• 2013

Global Energy Industry's high oil prices persist while their petroleum and gas production areas are entering the decline phase. More and more the drilling facilities used to bore oil from deeper depths are advancing further out into the oceans, which cause the development of "OFFSHORE" ship manufacturer facility's production demands to increase. The "OFFSHORE" ships provide a living space or L.Q (Living Quarters) for crewmen who work on the water far away from any mainland for extended periods of time. This research analyzes the LQ areas and the characterization of interior designs of different types of "OFFSHORE" ships that were built in South Korea. Also using overseas countries' Classification Society, known as "NORSOK," and analyzing their own design guidelines in conjunction with the research, the process of interior design and baseline data research was used to blueprint the new LQ areas. According to the results of the research, where ships get comprised of characteristics and operations by standards of the Classification Society's RULE, has the greatest effect on the design and design method of the LQ area. The research also shows that a conservative shipbuilding market of the Shipbuilding Company and ship owners' feelings are steadily changing to more open mindedness of acceptance. Therefore, the Korean Classification Society has to provide the new design principle to correspond to the international regulations and more various interior design plans of LQ areas needed to be present based on the new design guidelines. The capacity of the South Korean OFFSHORE shipbuilding industry is the world's top leader; however, the interior design of the LQ areas are still based from outdated designs from the 1980's. Hopefully these research results will be the cornerstone to help the shift from the outdated designs of the LQ areas to more practical modern designs.

• Applied Chemistry for Engineering
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• v.27 no.2
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• pp.171-178
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• 2016

Extensive efforts from all over the world have been made to solve energy problems, such as high oil prices, global warning due to the depletion of oil. Among them, biofuel has been drawing attention as a clean energy, which can replace fossil fuels. However, conventional biofuels were often converted from eatable biomass such as sugar cane, corn and soy which should be replaced with uneatable biomass. In this study, a techno-economical evaluation of the gasification of biomass waste with mixed alcohol synthesis process was performed. Considering available domestic biomass wastes, a 2000 ton/day conversion plant were assumed to produce 533000 L/day ethanol. Also, financial data from previous studies were evaluated and used and economical sensitivities with various operation conditions were established. Economic analysis were conducted by the payback period and internal rate of return (IRR) and net present value (NPV). Sensitivity analyses of raw material costs, initial investment, the major process cost, ethanol price changes and operating costs were all performed.

• Journal of Navigation and Port Research
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• v.48 no.1
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• pp.62-77
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• 2024

In the maritime shipping industry, imbalance between supply and demand has persistently increased, leading to the utilization of blank sailings by major shipping companies worldwide as a key means of flexibly adjusting vessel capacity in response to shipping market conditions. Traditionally, blank sailings have been frequently implemented around the Chinese New Year period. However, due to unique circumstances such as the global pandemic starting in 2020 and trade tensions between the United States and China, shipping companies have recently conducted larger-scale blank sailings compared to the past. As blank sailings directly impact freight transport delays, they can have negative repercussions from perspectives of both businesses and consumers. Therefore, this study employed Poisson regression models and negative binomial regression models to analyze the influence of maritime freight rate determinants on shipping companies' decisions regarding blank sailings, aiming to proactively address potential consequences. Results of the analysis indicated that, in Poisson regression analysis for 2M, significant variables included global container shipping volume, container vessel capacity, container ship scrapping volume, container ship newbuilding index, and OECD inflation. In negative binomial regression analysis, ocean alliance showed significance with global container shipping volume and container ship order volume, the alliance with container ship capacity and interest rates, non-alliance with international oil prices, global supply chain pressure index, container ship capacity, OECD inflation, and total alliance with container ship capacity and interest rates.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.4
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• pp.26-39
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• 2016

Korea's main manufacturing industries, which have led its economy for the past three decades, are faced with a serious downturn and loss of competitive advantages due to the current economic depression, China's rise, and the drop of oil prices. Korean business firms must adopt the paradigm shift in their value strategies, along with a government-led industrial restructuring in order to gain sustainable competitive advantages. Business firms allocate their limited resources between value creation and value appropriation, however, what effect does strategic emphasis on value creation versus value appropriation have on a business firm's financial performance? This paper empirically addresses this issue by examining the effect of shifts in strategic emphasis on stock return. Furthermore, this study examines appropriate choices of strategic emphasis to gain differential financial performance. The data set used in this regression analysis comes from the KISLINE database of NICE Information Service. The variables that form the basis of this analysis are stock return, ROA, and Strategic Emphasis [(advertising expenditures-R&D expenditures)/assets]. The interactive effect with situational factors regarding the firm and the type of technological environment in which the firm is operating was also analyzed. Our results show that investors acknowledge a shift of strategic emphasis as a sign of stock valuation. In comparison to US, Korean business firms have weak value creation capabilities in high-technology industries, and weak value appropriation capabilities in low-technology industries. This proves Korean firms are fast followers in the global market. Our findings suggest that Korean firms have to adopt a balanced value strategy, nurturing value creation and developing value appropriation for overcoming the current economic downturn and becoming a first mover in the dawn of "Industry 4.0."

• Journal of the Korea Convergence Society
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• v.8 no.12
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• pp.307-315
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• 2017

This study aims to propose a methodology for future strategies of the Korean petrochemical industry. Instead of using static models or trade related statistical analysis, we derived emerging issues of the Korean petrochemical industry through survey in accordance with the STEPPER analysis. The participants of the survey were limited to leading experts of the field, such as businessmen, researchers and professors. Also, I observed whether the current driving forces are suitable in analyzing the future. Furthermore, emerging trends and emerging issues as far as 2040 were also extracted through horizon scanning and expert interviews. Through this study, three factors, which are the global oil prices, economic prospects, and core material development, have been confirmed. In the future, I believe that not only petrochemical industry, but also other industries such as steel, autos, shipbuilding and so on, can be studied for future scenarios and strategies as well.

• Korean Chemical Engineering Research
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• v.56 no.4
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• pp.453-460
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• 2018

Owing to rising oil prices and anthropogenic global warming, focused attempts are being made toward production of industrially important compounds by using renewable biomass. In this context, algal biomass as third-generation biomass is important because it doesn't compatible with food resource, has high yield, and helps abate greenhouse gases. Here, we investigate whether Undaria has the highest sugar content, which would make it the most suitable biomass for lactic acid production among the four algal biomasses tested. For effective pretreatment of Undaria, the response surface methodology was used. The amount of solid loaded and catalyst concentration were related to the extraction rate of total sugar. Lactic acid was produced by pretreatment of Undaria by using four Lactobacilli, and L. alimentarius and L. brevis were found to be suitable for lactic acid production.

• Convergence Security Journal
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• v.16 no.6_2
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• pp.43-51
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• 2016

In the 1980s, private security was established in the framework of institutional framework with the Security Industry Act which was enacted in 1976. The agents who brought in the development of the private sector in 1980 enjoyed a boom in the global economy, affected by its high-flying dollar value, low international interest rate, low oil prices, and the blooming economy. In addition, the semiconductor, computers and communications equipment that was promoted in accordance with the e-Literacy plan were raised. Following the economic development of various events such as Seoul International Trade Fair, "86 Asian Games," and "88 Seoul Olympic Games," private security expenses were enhanced by increasing awareness of civilian expenses. Also, in the 1980s, Korean investment in foreign companies, including Japan's Secom, or Korean technology, brought many changes to the private security. Meanwhile, the cost of security, which has been centered around human expenses, has brought about the era of mechanized spending, or machine security expenses. The purpose of this study is to systematically analyze the social environment surrounding the private security in the 1980s and systematically analyze the important factors that contribute to private security.

• Transactions of the Korean Society of Automotive Engineers
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• v.23 no.2
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• pp.161-168
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• 2015

Recently, due to various environmental problems such as global warming, increases of international oil prices, exhaustion of resource, a paradigm of world automobile market is rapidly changing from conventional vehicles using internal combustion engine to eco-friendly vehicles using electric power such as EV, HEV, PHEV and FCEV. Generally, in order to measure fuel consumption and pollutant emissions of cars, chassis dynamometer tests are performed on various driving cycles before actual driving test. There are many driving cycles for performance evaluation of conventional vehicles. However, there is a lack of researches on driving cycle for EV. In this study, the urban driving cycle for performance evaluation of electric vehicles was developed. This study is composed of two parts. In the part 1, the urban driving cycle 'GUDC-EV(Gwacheon-city Urban Driving Cycle for Electric Vehicles)' was developed by using driving data, which were obtained through actual driving experiment, and statistic analysis with chronological table. In this paper part 2, in order to verify the developed driving cycle GUDC-EV, virtual EV platforms were configured and simulations were performed with actual driving data using In addition, simulation results were compared with existing driving cycles such as FTP-72, NEDC and Japan 10-15.

• Journal of Korea Port Economic Association
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• v.28 no.1
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• pp.289-312
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• 2012

Shipping is a global industry, with 80% of the world's international trade of goods transported by sea. Many countries with large international trade volumes place great importance in developing their shipping industry. Recently changes in the world economy, international trade, world oil prices and other uncertainties have led to increased competition in the world shipping market. This is specially true, along the Pacific coast, where five of the world's major maritime countries, Japan, China, South Korea, Singapore and the United States are located. This paper aims to compare the international competitiveness of Japan, China, South Korea, Singapore and the United States with Port's Diamond Model and AHP analysis. The results of this research give some suggestions for international competitiveness of Chinese shipping industry, is very competitive in quantitative terms but is relatively weak in qualitative terms.

• Journal of Navigation and Port Research
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• v.36 no.5
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• pp.409-418
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• 2012

Amid global economic crisis and skyrocketing oil prices, container shipping companies have raised a sustained series of efforts to reduce vessel operating costs. Under these circumstances, the Grand Alliance has decided to install the dedicated feeder instead of additional vessels in the CCX(Central China Express) and the NCE(North China Express) route. In other words, a vessel in a trunk route is transshiped by a dedicated feeder vessel in Busan port that is a transshipment port, rather than calling at Northen China port. In this study, the actual operating data of Grand Alliance container services were analyzed to determine the economic effect of transshipment through a dedicated feeder service. In this way, the Grand Alliance are saving vessel operating expenses in 'NCE' and 'CCX' routes, making the slow steaming of vessels possible in these trunk routes.