• East Asian Economic Review
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• v.20 no.2
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• pp.169-190
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• 2016

This paper tests the weak-form efficient market hypothesis for Korean industry-sorted portfolios. Based on a panel variance ratio approach, we find significant mean reversion of stock returns over long horizons in the pre Asian currency crisis period but little evidence in the post-crisis period. Our empirical findings are consistent with the fact that Korea accelerated its integration with international financial market by implementing extensive capital liberalization since the crisis.

• Journal of the East Asian Society of Dietary Life
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• v.22 no.6
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• pp.826-835
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• 2012

This study was conducted to examine the quality characteristics of Oncorhynchus masou stock containing various amounts of tomato (2%, 4%, 6%, 8% and 10%). To accomplish this, the moisture contents, Hunter's color value, pH, salinity, sugar contents, free sugar contents, minerals and free amino acid were measured. The b value decreased, while the L value, a value, pH, salinity, sugar contents, total sugar (fructose, glucose, sucrose) and minerals (Na, Mg, K, Ca, Fe) increased as the ratio of tomato increased. A total of 33 free amino acids were detected, and the amino acid content increased as the ratio of tomato increased. Investigation of different attributes revealed that tomato content significantly affected color intensity, savory flavor and tomato taste. In the acceptance test, stock containg 8% tomato was preferred for flavor, taste, texture and overall quality ; therefore, this was taken as the optimal tomato content for maximizing the overall quality of Oncorhynchus masou stock.

• Journal of Korean Society for Geospatial Information Science
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• v.19 no.2
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• pp.39-48
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• 2011

Global warming causes the climate change and makes severe damage to ecosystem and civilization Carbon dioxide greatly contributes to global warming, thus many studies have been conducted to estimate the forest biomass carbon stock as an important carbon storage. However, more studies are required for the selection and use of technique and remotely sensed data suitable for the carbon stock estimation in Korea In this study, the aboveground forest biomass carbon stocks of Danyang-Gun in South Korea was estimated using $k$NN($k$-Nearest Neighbor) algorithm and regression model, then the results were compared. The Landsat TM and 5th NFI(National Forest Inventory) data were prepared, and ratio images, which are effective in topographic effect correction and distinction of forest biomass, were also used. Consequently, it was found that $k$NN algorithm was better than regression model to estimate the forest carbon stocks in Danyang-Gun, and there was no significant improvement in terms of accuracy for the use of ratio images.

• Fisheries and Aquatic Sciences
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• v.26 no.3
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• pp.216-223
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• 2023

Pacific yellowtail emperor, Lethrinus atkinsoni Seale, 1910, is one of the most targeted reef fish species in Southern Sulawesi, Indonesia. Therefore, assessing its stock is important to understand the condition of the population, providing valuable inputs for sustainable fisheries management in the area. Here we assess the stock condition of L. atkinsoni in Southern Sulawesi, Indonesia, using the length-based spawning potential ratio model. A total of 4,887 individuals were collected from commercially small-scale fishers from January to October 2022. The total length, sex, and gonad maturity of the individuals were examined. We observed that the fish length ranged from 10.5 to 39.5 cm, with an average length of 23.3 cm. The sex ratio was equal (1:1.2) between male and female individuals. Length at first maturity and length at first capture were 23.4 and 19.6 cm, respectively. In addition, we observed a growth coefficient of 0.45/year, with an asymptotic length of 41.14 cm and natural mortality of 0.6/year. Based on these life history parameters, we observed the spawning potential ratio (SPR) value of 12%, indicating an unsustainable fishery level (SPR of < 30%). Further concerns related to the sustainability of the species and strategy to rebuild stock of the L. atkinsoni in Southern Sulawesi are of utmost importance.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.49 no.4
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• pp.432-439
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• 2013

This study was performed to assess the current stock condition of elkhorn sculpin along the Uljin area in the East Sea of Korea. To assess the state of the stock, yield-per-recruit (YPR) and spawning biomass-perrecruit (SBPR) analyses were performed. Estimates of $F_{max}$ and $F_{0.1}$ were 2.10/year and 0.48/year, respectively, and those of $F_{35%}$ and $F_{40%}$ were 0.66/year and 0.54/year, respectively. Current fishing mortality was estimated at 0.63/year and the current age at first capture was 2.41years. $F_{40%}$ was set as the target reference point of the stock. SBPR at $F_{40%}$ and current SBPR were estimated to be 41.85g and 37.77g, respectively. Estimated FOTY which is the fishing mortality for the overfished threshold yield was 0.49/year. The ratio of SBPR/$SBPR_{MSY}$ was calculated as 0.90 and that of $F/F_{OTY}$ was 1.05. The ratio of $t_c/t_{c\;opt}$ was calculated as 1.15 and that of $F/F_{OTY}$ was 1.17. Therefore, the current stock condition of elkhorn sculpin along the Uljin area of Korea has not been overfished, however, it indicates that a light overfishing is going on this stock.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.113-121
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• 2020

Multi-criteria stock selection is a critical issue for effective investment since the improper stock investment might cause many problems affecting investors negatively. Investors need a range of financial indicators while they are choosing the optimal set of stocks to invest. This study aims to rank the stock of agriculture companies indexed on the Vietnam Stock Exchange Market. The data of 13 agriculture companies during the 2016-2019 periods was analyzed by analytical hierarchy process (AHP) integrated with grey relational analysis (GRA), multi-objective optimization ratio analysis (MOORA), and technique for order performance by similarity to ideal solution (TOPSIS). The AHP method is employed to determine the weights of the proposed financial ratios, and GRA, TOPSIS, and MOORA approaches are used to obtain final ranking. The results indicated that HSL is the top stock with the highest rank and GRA, MOORA, and TOPSIS rankings have strong correlation values between 0.78-1. The findings suggest that the integrated model could be implemented effectively to specific analysis of industries such as oil and gas, textiles, food, and electronics in future research. Further, other techniques like COPRAS, KEMIRA, and EDAS could be employed to evaluate the financial performance of other companies to solve investment problems.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.125-134
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• 2020

This study examines the nominal price anomaly in the Vietnamese stock market, that is, whether stocks with low nominal price outperform stocks with high nominal price. Using a sample of all 351 companies listed on the Ho Chi Minh Stock Exchange (HOSE) from June 2009 to March 2018, we confirm our hypothesis and document that cheaper stocks yield higher subsequent abnormal returns. The results are robust after controlling for various stock characteristics that have been documented to be value-relevant in prior literature, including firm size, book-to-market ratio, intermediate-term momentum, short-term reversal, skewness, market risk, idiosyncratic risk, illiquidity and extreme daily returns, using both the portfolio analysis and the Fama-MacBeth cross-sectional regression. The negative effect persists in the long term (i.e., after up to 12 months), implying a slow adjustment of stock prices to their intrinsic value. Further analysis show that the observed nominal price anomaly is mainly driven by mispricing but not a latent risk factor proxied by stock price, thus the observed anomaly reflects a mispricing but not a fundamental risk. The study highlights the irrational behaviour of investors and market inefficiency in the Vietnamese stock market and provides important implication for investors in the market.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.885-894
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• 2021

This study aims to analyze the effect of the ratio of profitability and solvability (leverage) on the variable stock price, which is mediated (intervening) by the variable dividend policy. Using the financial reports of manufacturing companies in the consumer goods sector, we take profitability data (ROA, ROE, GPM, and NPM), solvability data (DAR, LTDER, and DER), dividend policy (DPR), and stock price (closing price) from 24 companies, which were selected as samples, from 2011 to 2018. Data was analyzed using the Structural Equation Modeling (SEM) method. The results show that profitability, solvability, and dividend policy affect changes in stock prices, respectively. On the other hand, profitability and solvability do not affect dividend policy. The indirect relationship (intervening) is assessed using a single test, resulting in a dividend policy that can intervene in the relationship between profitability and stock prices but cannot mediate the relationship between solvability and stock prices. The implication of this research is to provide knowledge to investors about the importance of knowing the company's financial performance. Companies with good financial performance will easily develop because there are sufficient funds for company operations. By analyzing financial ratios, investors can get signals to decide whether to invest in the company they want.

• Proceeding of Spring/Autumn Annual Conference of KHA
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• 2011.04a
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• pp.187-192
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• 2011

The purpose of this study is to evaluate the supply plan of public rental housing under the Lee Myung-bak government. According to the supply plan, the government will supply public rental housings by 80,000 unit every year from 2009 to 2018, and achieve 12% as stock ratio in 2018. To evaluate the supply plan, this study analyzed housing needs of tenants in private rental housing by using the raw data of Korea Welfare Panel Survey(2008). The results are as follows: (1) It is difficult for the supply plan to meet the housing needs of tenants in private rental housing. (2) The link between supply plan and stock ratio target is weak. (3) To meet the housing needs, it is necessary to supply public rental housings by 107,000 unit every year for 10 years, and, in this case, the stock ratio will be 10% in 2018. In conclusion, this study proposed that the supply plan of public rental housing should be redesigned.

• Journal of the Korean housing association
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• v.23 no.1
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• pp.1-8
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• 2012

The purpose of this study is to evaluate the supply plan of public rental housing under the Lee Myung-bak government. According to the supply plan, the government will supply public rental housings by 80,000 unit every year from 2009 to 2018, and achieve 12% as stock ratio in 2018. To evaluate the supply plan, this study analyzed housing needs of tenants in private rental housing by using the raw data of Korea Welfare Panel Survey (2008). The results are as follows: (1) It is difficult for the supply plan to meet the housing needs of tenants in private rental housing. (2) The link between supply plan and stock ratio target is weak. (3) To meet the housing needs, it is necessary to supply public rental housings by 107,000 unit every year for 10 years, and, in this case, the stock ratio will be 10% in 2018. In conclusion, this study proposed that the supply plan of public rental housing should be redesigned.