• Management & Information Systems Review
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• v.35 no.3
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• pp.195-212
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• 2016

Utilizing intra-day volume weighted average price (VWAP) based on 1 minute return data of stocks traded on the Korean Stock Exchange, this paper examines and analyzes abnormal returns in reaction to patent listing disclosures as well as the cumulative abnormal returns, traded volumes, the interaction of VWAP spreads, the reaction of volumes, the reaction of VWAP spreads and the realized returns obtained from trading using an event driven arbitrage strategy. The results of the aforementioned research topics are follows. First, our analysis suggests that on average, 0.92% positive cumulative returns arise 1 minute after the patent listing disclosure announcement with high statistical significance, thereby reconfirming that the Korean stock market is a semi-strong form of the efficient market. Employing 3 separate panel tests differentiated by the size factor, we find that the abnormal returns of small sized stocks were less than the returns of medium sized stocks, which goes to support recent research findings suggesting that the size premium is no longer existent in the Korean stock market. Secondly, we show that among the event driven type strategies, the most outstanding realized returns are from the market making strategies. Furthermore, placing market order trades only at the bid or ask price resulted in negative returns. This implies that strategies utilizing a combination of market orders and limit orders, order cancelations ratios and order flows can enhance realized returns.

• Journal of Environmental Health Sciences
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• v.33 no.5
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• pp.408-421
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• 2007

The concentration characteristics of atmospheric particle matters (PM) including $PM_{2.5},\;PM_{10}$, and TSP were evaluated through the measurement data of PM_{2.5}$ (fine particulate), PM_{10-2.5}$ (coarse particulate), and PM_{over-10}$ collected using a MCI (multi-nozzle cascade impactor) sampler of a three-stage filter pack in spring of 2006 in Iksan area. During the sampling period of 10-15 March and 24 days from 8 April to 2 May, 32 samples for PM of each size fractions were collected, and then measured for PM mass concentrations and water-soluble inorganic ion species. Average concentrations of $PM_{2.5},\;PM_{10}$, TSP were $57.9{\pm}44.1mg/m^3$, $96.6{\pm}89.1mg/m^3$, and $114.8{\pm}99.7mg/m^3$, respectively. Water-soluble inorganic ion fractions to PM mass were found to be 36.5%, 18.0%, and 11.1% for $PM_{2.5}$, $PM_{10-2.5}$ and $PM_{over-10}$, respectively. By showing the high concentrations of PM samples during Asian dust events, those three fractions of PM were distinguished between the samples of Asian dust event and the samples of no event. However, the increase of PM concentrations observed during Asian dust events showed a different pattern for some Asian dust events. The differences of those three fractions in the size distribution may depend on differences on place of occurrence of Asian dust storm and course of transport from China continent to Iksan area in Korea. However, the extent of PM mass contribution during Asian dust events was generally dominated by the coarse particles rather than the fine fraction of PM. The variations of water-soluble inorganic ion species concentration in those three PM fractions between the samples of Asian dust event and the samples of no event were also discussed in this study.

• Atmosphere
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• v.26 no.3
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• pp.357-372
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• 2016

Northeast Asian regions have recently become the main source of anthropogenic and natural aerosols. Measurement of aerosols on the sea in these regions have been rarely conducted since the experimental campaigns such as ACE-ASIA (Asian Pacific Regional Aerosol Characterization Experiment) in 2001. Research vessel observations of aerosol mass and chemical composition were performed on the Yellow and south sea around the Korean peninsula. The ship measurements showed six representative cases such as aerosol event and non-event cases during the study periods. On non-event cases, the anthropogenic chemical and natural soil composition on the Yellow sea were greater than those on the south sea. On aerosol event cases such as haze, haze with dust, and dust, the measured mass concentrations of anthropogenic chemical and element compositions were clearly changed by the events. In particular, methanesulfonate ($MSA^-$, $CH_3SO_3^-$), a main component of natural oceanic aerosol important for sulfur circulation on Earth, was first observed by the vessel in Korea, and its concentration on the Yellow sea was three times that on the south sea during the study period. Sea salt concentration important to chemical composition on the sea is related to wind speed. Coefficients of determination ($R^2$) between wind speed and sea salt concentration were 0.68 in $PM_{10}$ and 0.82 in $PM_{2.5}$. Maximum wave height was not found to be correlated to the sea salt concentration. When sea-salt comes into contact with pollutants, the total sea-salt mass is reduced, i.e., a loss of $Cl^-$ concentration from NaCl, the main chemical composing sea salt, is estimated by reaction with $HNO_3$(gas) and $H_2SO_4$(gas). The $Cl^-$ concentration loss by $SO_4^{2-}$ and $NO_3^-$ more easily increased for $PM_{10}$ compared to $PM_{2.5}$. The results of this study will be applied to verifying a dust-haze forecasting model. In addition, continued vessel measurements of aerosol data will become important to research for climate change studies in the future.

• Journal of Environmental Impact Assessment
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• v.24 no.2
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• pp.163-174
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• 2015

Urbanization caused various environmental problems like destruction of natural water cycle and increased urban flood. To solve these problems, LID(Low Impact Development) deserves attention. The main objective of LID is to restore the water circulation to the state before the development. In the previous studies about the LID, the runoff reduction effect is mainly discussed and the effects of each techniques of LID depending on rainfall types have not fully investigated. The objective of this research is to evaluate the effect of LID using the quantitative simulation of rainwater runoff as well as an amount of infiltration according to the rainfall and LID techniques. To evaluate the water circulation of LID on the development area, new land development areas of Hanam in South Korea is decided as the study site. In this research, hydrological model named STORM is used for the simulation of water balance associated with LID. Rainfall types are separated into two categories based on the rainfall intensity. And simulated LID techniques are green roof, permeable pavement and swale. Results of this research indicate that LID is effective on improvement of water balance in case of the low intensity rainfall event rather than the extreme event. The most effective LID technique is permeable pavement in case of the low intensity rainfall event and swale is effective in case of the high intensity rainfall event. The results of this study could be used as a reference when the spatial plan is made considering the water circulation.

• The Journal of Engineering Geology
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• v.18 no.2
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• pp.191-196
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• 2008

This study is a case study for application of the RTI warning model to Korea which was previously developed to predict landslide potential and occurrence time during a rainfall event. The rainfall triggering index (RTI) is defined as the product of the rainfall intensity I (mm/hr) and the effective accumulated rainfall $R_t$ (mm). This index is used to evaluate the landslide and debris-flow occurrence potential at time t during a rainfall event. The upper critical value ($RTI_{UC}$) of RTI and the lower critical value ($RTI_{LC}$) of RTI can be determined by historical rainfall data of a certain area. When the rainfall intensity exceeds the upper critical value, there are high potential to occur land-slides. The analysis result can predict landslide occurrence time of an area during a rainfall event as well as land-slide potential. The result can also be used as an important data to issue early-warning of landslides. In order to apply the RTI warning model to Korea this study analyzed rainfall data and landslides data in Inje county, Gangwon province, Korea from July 13 to July 19, 2006. According to the analysis result, the rainfall intensity exceeded the upper critical value 23 hours ago, 11 hours ago, and 9 hours ago from 11:00 in the morning, July 16. Therefore, landslide warnings would be issued three times for people evacuation for avoiding or reducing hurts and dam-ages from landslides in mountainous areas of Inje.

• KIPS Transactions on Computer and Communication Systems
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• v.3 no.8
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• pp.261-270
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• 2014

As Internet traffic increases recently, much effort has been put on improving the performance of a web server. In addition to hardware side solutions such as replacement by high-end hardware or expansion of the number of servers, there are software side solutions to improve performance. Recent studies on these software side solutions have been actively performed. In this paper, we identify performance degradation problems occurring in a conventional TCP networking reception process and propose a way to solve them. We improve performance by combining three kinds of existing methods for Linux Networking Performance Improvement and two kinds of newly proposed methods in this paper. The three existing methods include 1) an allocation method of a packet flow to a core in a multi-core environment, 2) ITR(Interrupt Throttle Rate) method to control excessive interrupt requests, and 3) sk_buff data structure recycling. The two newly proposed methods are fd data structure recycling and epoll_event data structure recycling. Through experiments in a web server environment, we verify the effect of our two proposed methods and its combination with the three existing methods for performance improvement, respectively. We use three kinds of web servers: a simple web server, Lighttpd generally used in Linux, and Apache. In a simple web server environment, fd data structure recycling and epoll_event data structure recycling bring out performance improvement by about 7 % and 6%, respectively. If they are combined with the three existing methods, performance is improved by up to 40% in total. In a Lighttpd and an Apache web server environment, the combination of five methods brings out performance improvement by up to 36% and 20% in total, respectively.

• Journal of Biomedical Engineering Research
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• v.43 no.1
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• pp.52-60
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• 2022

Purpose: For now, cognitive load is assessed based on survey-based methods, which can be difficult to track the amount of cognitive load in real-time. In this study, we investigated the difference in electrophysiological activation due to different levels of cognitive load not only at sensor-level but also at source-level using electroencephalogram that might be potentially used for quantitative cognitive load evaluation. Materials and Methods: In this study, ten healthy subjects (mean age 24.3 ± 2.1, three female) participated the experiment. All participants performed 4 sessions of n-back task in different difficulties: 0-, 1-, 2-, and 3-back during electroencephalogram recording. For sensor-level analysis, we calculated the event-related potential and event-related spectral perturbation while low resolution brain electromagnetic tomography (LORETA) to estimate the source activation. Each result was compared between different workload conditions using statistical analysis. Results: Statistical results revealed that the accuracy of the task performance was significantly different between different cognitive loads (p = 0.018). The post-hoc analysis confirmed that the accuracy of the 3-back task was significantly decreased compared to 1-back condition (p = 0.018), but not with 2-back condition (p = 0.180). ERP results showed that P300 target amplitude between 1-back and 3-back had a marginal difference in Cz (p = 0.059) and Pz(p = 0.093). A significant inhibition in Cz high-beta activation (p = 0.017) and decrease in source activation of right parahippocampal gyrus was found in 3-back condition compared to 1-back condition (p < 0.05). Conclusion: In this study, we compared the sensor- and source-level differences in electroencephalogram between different levels of cognitive load, that were found to be in line with the previous reports related to cognitive load evaluation. We expect that the outcome of the current study can be used as a feature to establish a quantitative cognitive load assessment system.

• Journal of Korea Trade
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• v.27 no.3
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• pp.21-42
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• 2023

Purpose - This paper investigates the trade effect of the Korea-China Free Trade Agreement (KCFTA) which coincides with political conflicts between the two countries due to the deployment of the Terminal High Altitude Area Defense (THAAD) in Korea. The two events occurred in the same year and both are likely to affect trade between two countries but in opposite directions. Therefore, it is crucial to distinguish between the trade effects from the KCFTA event and those from the THAAD event to evaluate the true FTA effects. However, this would be difficult when using only annual data. Accordingly, ex post studies to examine the trade effects of KCFTA are lacking in trustworthiness while many ex ante studies that conjecture the positive trade effects neglect the THAAD deployment impact. This paper aims to fill that gap. Design/methodology - Given that the KCFTA and THAAD events occurred in the same year but in different months, we use the monthly data from 2000 to 2019 of Korea's exports to bracket this period. We employ the difference-in-difference (DID) method within a gravity equation specification that uses hi-dimensional fixed effects to address various endogeneity issues and seasonal effects. We identify the net impact of KCFTA ratification from these two near-simultaneous events to quantify the effects of trade liberalization between these two countries. Findings - After isolating the THAAD effects on trade, the analysis creates a positive and statistically significant coefficient estimate of the KCFTA impact. In contrast, failing to isolate the THAAD effect produced a negative and statistically significant coefficient estimate of the KCFTA impact. Our results indicate that KCFTA independently increased Korea's exports to China by 10.2%, but that this increase was fully mitigated by the THAAD event. Further, our results verify that unobserved heterogeneity and multilateral resistance are technically difficult to account for in those estimations as that rely solely upon annual data, as this type of data are inadequate to control for the potential for endogeneity. Originality/value - This paper is one of the first studies to carefully evaluate the net trade effects of the KCFTA on Korea's largest trading partner while isolating the impact of simultaneously occurred political events that may influence trade in opposing directions. Our findings indicate that the lack of prior evidence of positive trade effects of the KCFTA when using annual data may be attributed to a failure to identify the impact of each event separately. This analysis supports using the correct modeling specification to avoid misleading conclusions when evaluating any important international trade policy.

• Korean Journal of Clinical Pharmacy
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• v.27 no.1
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• pp.15-21
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• 2017

Objective: The perioperative management of antithrombotic therapy is often challenging and it requires a fine balance between the risk of hemorrhage and thrombosis. We aimed to evaluate the antithrombotic management for moderate to high risk patients in real world setting. Methods: Among the patients who were consulted to the neurologist for the evaluation of perioperative risk from 2010 to 2012, patients undergoing moderate to high risk surgery and taking antithrombotics within 30 days were identified. We analyzed the timing of discontinuation and reinitiation of antithrombotic drugs before or after surgery as well as the status of bridging therapy. In addition, the conformity with the guideline suggested by American College of Chest Physicians was assessed. The rate of thromboembolic event and major hemorrhage were also investigated. Results: A total of 329 patients were included. The concordance rate of warfarin stop and restart time with guideline was 23.4% and 10.3%, respectively. Continuing aspirin in patients undergoing coronary artery bypass surgery or non-cardiac surgery in patients with high risk for cardiovascular events were 59.2% and 2.6%, respectively. Bridging therapy was adopted in 92.9% and 81.2% in patients who had received anticoagulant before surgery and who were at high and low risk thromboembolism, respectively. In entire cohorts, 30-day incidence of major bleeding and thromboembolic event were 31.9% and 3.0%. Co-morbid renal disease were shown as independent predictor for major bleeding (adjusted OR 2.65. 95% CI 1.33-5.28). Conclusion: The concordance rate with guideline regarding perioperative antithrombotic use was low and bridging therapy was prevalent in patients undergoing moderate to high risk surgery.

• KIPS Transactions on Software and Data Engineering
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• v.3 no.10
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• pp.451-456
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• 2014

The correlations between electroencephalographic (EEG) spectral power and emotional responses during affective sound clip listening are important parameters. Hemispheric asymmetry in prefrontal activation have been proposed in two decades ago, as measured by power value, is related to reactivity to affectively pleasure audio stimuli. In this study, we designed an emotional audio stimulus experiment in order to verify frontal EEG asymmetry by analyzing Event-related Spectral Perturbation (ERSP) results. Thirty healthy college male students volunteered the stimulus experiment with the standard IADS(International Affective Digital Sounds) clips. These affective sound clips are classified in three emotion states, high pleasure-high arousal (happy), middle pleasure-low arousal (neutral) and low pleasure-high arousal (fear). The analysis of the data was performed in both theta (4-8Hz) and alpha (8-13Hz) bands. ERSP maps in the alpha band revealed that there are the stronger power responses of high pleasure (happy) in the right frontal lobe, while the stronger power responses of middle-low pleasure (neutral and fear) in the left frontal lobe. Moreover, ERSP maps in the theta band revealed that there are the stronger power responses of high arousal (fear and happy) in the left pre-frontal lobe, while the stronger responses of low arousal (neutral) in the right pre-frontal lobe. However, the high pleasure emotions (happy) can elicit greater relative right EEG activity, while the low and middle pleasure emotions (fear and neutral) can elicit the greater relative left EEG activity. Additionally, the most differences of theta band have been found out in the medial frontal lobe, which is proved as the frontal midline theta. And there are the strongest responses of happy sounds in the alpha band around the whole frontal regions. These results are well suited for emotion recognition, and provide the evidences that theta and alpha powers may have the more important role in the emotion processing than previously believed.