• Journal of the Korea Institute of Information and Communication Engineering
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• v.19 no.2
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• pp.279-286
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• 2015

EMD is a fully data-driven signal processing method without using any predetermined basis function and requiring any user parameters setting. However EMD experiences a problem of mode mixing which interferes with decomposing the signal into similar oscillations within a mode. To overcome the problem, EEMD method was introduced. The algorithm performs the EMD method over an ensemble of the signal added independent identically distributed white noise of the same standard deviation. Even so EEMD created problems when the decomposition is complete. The ensemble of different signal with added noise may produce different number of modes and the reconstructed signal includes residual noise. This paper propose an modified EEMD method to overcome mode mixing of EMD, to provide an exact reconstruction of the original signal, and to separate modes with lower cost than EEMD's. The experimental results show that the proposed method provides a better separation of the modes with less number of sifting iterations, costs 20.87% for a complete decomposition of the signal and demonstrates superior performance in the signal reconstruction, compared with EEMD.

• Korean Institute of Interior Design Journal
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• no.18
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• pp.66-73
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• 1999

Geographically Korea is located near the Southeast Asia and her volume of trade with countries in this region is just next those with America and japav. It is also true, however, that we do not have enough data for the region even though there have been increasing investments and travels from Korea to countries in the region in recent years. Especially, the same is true of the design it may be safely said that we have been indifferent. The purpose of this study is to suggest new design translation ways to find new markets in the Southeast Asian counties, probably away to break off with the so- called IMF era competing with those countries ranging from the Design Powers of European countries, america, and Japan to those countries that have long held markets in the region -Hongkong, Australia, New Zealand, Taiwan, and Singapore. Seemingly, markets in the Asian countries would be good means for us to complete our policy of the internationalization or globalizatiov. As the region has more various races, cultures, customs, and historical backgrounds than any other countries or regions in the world, not only general political and economical situations based on each one's history and culture are reviewed but also construction markets in the Southeast countries, one of barometers for modernization, examined with a view to suggesting means to develop interior design manpower to be more competitive than the counterpart of the advanced counties. The 21st century will be of design culture without fail. Through our design history is relatively short, we have and proud of the five - millennium long history which is just individual source of the creativeness and aesthetics to lead the design field in the world with god competitiveness.

• Journal of Korea Society of Industrial Information Systems
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• v.4 no.1
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• pp.87-96
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• 1999

Korea, one of the members of the Organization for Economic Cooperation and Development (OECD), has been one of the fastest growing countries in the world since World War Ⅱ. However, Korea has recently suffered from an economic crisis which has been mainly attributed to a fluctuating foreign currency rate. The future of Korea relies on how the country prepares and copes with the crises. There have been enormous effort to solve current economic crisis. However, preparation to the anticipated crisis is much more important than solving problems after the crisis. Recently, the virtual crisis preparation team approach appears to be one of the effective alternatives to cope with various crises. The objectives of this study ale to (1) show that crisis preparation is very important factor for the Korean government to one with the current and future crises; (2) to prove that the virtual crisis preparation team is one of the better alternatives to solve crisis; (3) to suggest a virtual crisis preparation team model can be adapted to the Korean situation.

• International Area Studies Review
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• v.12 no.3
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• pp.69-88
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• 2008

Firms or internal exchanges exist to eliminate or at least reduce transaction costs from the separating process in many firms by dealing more efficiently with bounded rationality, complexity, and tendency towards opportunism faced by the markets so that vertical integration is supposed to have a positive relationship with performance. The organizational structure of Korean economy in the latter part of the $20^{th}$ century is much related with this transaction costs' view. I propose to estimate the effect of vertical integration on the firm's performance using the data of the Korean listed corporations from 1991 to 1995, therefore. The estimated results show that vertical integration at firm level is negatively and significantly related with the firm's performance: the higher level of vertical integration the worse performance. However, the group level integration is not related with performance at all.

• International Area Studies Review
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• v.15 no.3
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• pp.325-348
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• 2011

This paper analyses how China is likely to be able to sustain its current pace of growth. The results of analysis show that China's economic growth matches standard growth patterns identified by the models of economic development such as structural change, catching up model. Furthermore, China's economic growth, within these analytical frameworks, matches those of Korea at an earlier stage of her development. So Korea's growth patterns may well apply to the future of China such as the benefits of free society with economics and politics which generate technical progress and innovations. A country with a high innovative capacity is one whose institutions - educational, economic, political, legal, and so forth - allow it to dynamically and continually generate new products and services in a myriad of sectors. These are the way how China is likely to be able to sustain her economic development.

• Journal of the Architectural Institute of Korea Planning & Design
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• v.34 no.10
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• pp.131-142
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• 2018

Being dealt in Alfred Weber's Theory of the location of Industries, a lot of economic benefits can be obtained through aggregation and clustering of industrial facilities, which derived to the development of industrial complexes in Korea. However, with the IMF economic crisis as well as various institutional changes, the framework of aggregation and clustering of industries is broken, which led to individual developments that took place without any consideration of surrounding industries. For reformation of these condition of industrial complexes, national government-led regeneration projects are being carried out currently. However, national government-led projects mainly focus on profitable projects such as officetel and hotel that are irrelevant to exist composition of industrial complexes which is usually manufacturing base industries and are unable to solve the fundamental problems of industrial complexes. Thus, a necessity of industry clustering is deduced through case analysis of actual private-led manufacturing industry cluster with governance and analysis of benefits on financial, spatial and environmental aspects. In addition, implications on the necessity follow base on factorial analysis on the benefit of clustering development than individual development as well as analysis on the measures taken for successful clustering.

• Journal of Korea Trade
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• v.24 no.6
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• pp.1-18
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• 2020

Purpose - This study investigates whether a listing effect exists in cross-border M&As and whether the effect can be attributed to the uncertainty of the GDP growth rate in the target firm's home country. We apply a joint variable analysis using M&A announcement data from the Korea Exchange (KRX), Shanghai Stock Exchange (SSE), and the Taiwan Stock Exchange (TWSE) from 2004 to 2013. We also conduct an event study using the measure of the uncertainty of the GDP growth rate (based on IMF statistics) in 55 target countries. Design/methodology - We measure the abnormal return (AR) using the market-adjusted model. We test the significance of the AR and the cumulative abnormal return (CAR) using a one-sample t-test. We examine the characteristics of the CARs depending on whether the target company is listed by applying a difference analysis using CAR as a test variable. In addition, we set CAR (-5, +5) as a dependent variable to identify the cause of the listing effect, and test both the financial characteristic variables of the acquirer and the collective characteristic variables of the merger as independent variables in the multiple regression analysis. Findings - First, we find the listing effect of cross-border M&As in the KRX, SSE, and TWSE, which represent the capital markets in Korea, China, and Taiwan, respectively. This listing effect persists during the global financial crisis and has a negative effect on the wealth of acquiring shareholders, especially when the target countries are emerging markets. Second, greater uncertainty regarding the target countries' economic growth in cross-border M&As has a negative effect on the wealth of acquiring firms' shareholders. Third, our empirical analysis demonstrates that the listing effect is attributable to the fact that firms listed in a target country with greater uncertainty of economic growth are more directly and greatly exposed to uncertain capital markets through stock markets, than are unlisted firms. Originality/value - This study is significant in that it presents a new strategic perspective in the study of cross-border M&As by demonstrating empirically that the listing effect is attributable to the uncertainty regarding the economic development of the target firms' home countries.

• Korea Trade Review
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• v.46 no.2
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• pp.19-38
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• 2021

This study aims to analyze the foreign asset leverage effect on Korean oil & gas companies' foreign profits and to maintain the appropriate foreign asset volume for reducing exchange risk. For a long time, large Korean companies, including oil companies, overheld foreign currency liabilities. For this reason, most large companies have been burdened to hedge exchange risk and this excess limit holding deteriorated total profit and reduced foreign currency asset management efficiency. Our paper proceeds in presenting a three-stage analysis considering diversified exchange risk factors through estimation on transformation of foreign transactions a/c including annual trends of foreign asset and industry specifics. We also supplement incomplete the estimation method through a practical hedging case investigation. Our research parts are differentiated on the analyzing four periods considering period-specifics The FER value of the oil firms ranged from -0.3 to +2.3 over the entire period. The results of the FER Value are volatile and irregular; those results do not represent the industry standard comparative index. The Korean oil firms are over the credit limit without accurate prediction and finance high interest rate funds from foreign-owned banks on the basis on a biased relationship. Since the IMF crisis, liabilities of global firms have decreased. Above all, oil firms need to finance a minimum limit without opportunity losses on the demand forecast and prepare for uncertainty in the market. To reduce exchange risk from the over-the-limit position, we must consider factors that affect the corporate exchange risk on the entire business process, including the contract phase.

• Journal of the Economic Geographical Society of Korea
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• v.26 no.3
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• pp.256-273
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• 2023

This study analyzed the structural changes in the global foreign direct investment (FDI) network using stock data from the International Monetary Fund's Coordinated Direct Investment Survey (CDIS) for 2009~2021. The results showed that the COVID-19 pandemic had a negative impact on the FDI links between countries and the activities of reciprocal relationships. The United States, the Netherlands, and the United Kingdom consistently play central roles in the global FDI network. The degree centrality of China has changed significantly over time in confronting the volatile situation of the world economy. Cross-tabulation analysis revealed a significant association between FDI clusters and geographic regions. Within each cluster, the linkage structure of FDI partners of closely connected individual countries has exhibited differential characteristics as the global economic environment changes.

• Journal of Food Hygiene and Safety
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• v.21 no.2
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• pp.113-117
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• 2006

New nonspecific immunostimulators (Koko enterprise Co., Ltd., Korea) were evaluated for its effectiveness as a nonspecific immunostimulator in pigs. The effects of new nonspecific immunostimulators were determined by analysis of cytokines using ELISA and blood-chemistry. IFN-r which is one of the cell mediated immune cytokines significantly increased in DIR-vitamineral 0.2% group posttreatment 4 weeks and was significantly higher IMF 0.2%, DIR-vita 0.1% and DIR-vitamineral 0.2% groups than control group in 3 months. DIR-vitamineral 0.2% had a most strong effectiveness as a nonspecific immunostimulator in our treatment materials in pigs. IMF 0.2% and DIR-vita 0.1% were seen that there had effectiveness of a nonspecific immunostimulator in posttreatment 3 months. IgG IgM and Total Ig which were humoral immune globulins, were not significantly changed in posttreatment 4 weeks and 3 months. In conclusion, this study has demonstrated that new nonspecific immunostimulators had an immunostimulatory effect on pigs through cell mediated immune response.