• Proceedings of the Korea Water Resources Association Conference
• /
• 2022.05a
• /
• pp.516-516
• /
• 2022

Agricultural reservoirs are critical water resources structures to ensure continuous water supplies for rice cultivation in Korea. Climate change has increased the risk of reservoir failure by exacerbating discrepancies in upstream runoff generation, downstream irrigation water demands, and evaporation losses. In this study, the variations in water balance components of 400 major reservoirs during 1973-2017 were examined to identify the reservoirs with reliable storage capacities and resilience. A conceptual lumped hydrological model was used to transform the incident rainfall into the inflows entering the reservoirs and the paddy water balance model was used to estimate the irrigation water demand. Historical climate data analysis showed a sharp warming gradient during the last 45 years that was particularly evident in the central and southern regions of the country, which were also the main agricultural areas with high reservoir density. We noted a country-wide progressive increase in average annual cumulative rainfall, but the forcing mechanism of the rainfall increment and its spatial-temporal trends were not fully understood. Climate warming resulted in a significant increase in irrigation water demand, while heavy rains increased runoff generation in the reservoir watersheds. Most reservoirs had reliable storage capacities to meet the demands of a 10-year return frequency drought but the resilience of reservoirs gradually declined over time. This suggests that the recovery time of reservoirs from the failure state had increased which also signifies that the duration of the dry season has been prolonged while the wet season has become shorter and/or more intense. The watershed-irrigated area ratio (W-I_ratio) was critical and the results showed that a slight disruption in reservoir water balance under the influence of future climate change would seriously compromise the performance of reservoirs with W-I_ratio< 5.

• Korean Journal of Social Welfare Studies
• /
• v.40 no.1
• /
• pp.261-296
• /
• 2009

I constructed the 2003 Korean 'social accounting matrix'(SAM) to analyze the multipliers of total demand for each economic activity. I find that the relative magnitude of the influence of the welfare policy to the national economy measured by input-output production multipliers tends to be underestimated compared to SAM multipliers. This is because the total demand multipliers of SAM include the private sector effects, which is not considered in the input-output model. The result also support that income inflows in public service areas including education, health and social work, generate gains in the relative income of households.

• The Korean Journal of Financial Management
• /
• v.27 no.2
• /
• pp.35-62
• /
• 2010

This paper examines the existence of the fund performance persistence and the smart money effect in Korean stock market and tests the flow-induced price pressure (FIPP) hypothesis, that is, fund flows affect individual stock returns and mutual fund performance. This paper also tests whether the FIPP effect can cause the performance persistence using the monthly returns and stock holdings data of 2,702 Korean mutual funds from January 2002 to June 2008. The empirical results indicate that the performance persistence exists significantly for a long time but the smart money effect does not. The hedge portfolio constructed by buying funds with the highest past 12 months performance and selling funds with the lowest past 12 months performance earns 0.11%~1.05% monthly abnormal returns, on average, in 3 years from portfolio formation month, but the hedge portfolio constructed by buying funds with the highest past net fund inflows and selling funds with the lowest past net fund inflows cannot earn positive monthly abnormal returns and the size of negative abnormal returns of the portfolio increase as time goes on. We find the evidence that the FIPP hypothesis is significantly supported. We first estimate the FIPP measure for each individual stock using the trading volume resulting from past fund flows and then construct the hedge portfolio by buying stocks with the highest FIPP measure and selling stocks with the lowest FIPP measure. That portfolio earns significantly positive abnormal return, 1.01% at only portfolio formation month and cannot earn significant abnormal returns after formation month. But, the FIPP effect cannot cause the performance persistence because, within the same FIPP measure group, funds with higher past performance still earn higher monthly abnormal returns than those with lower past performance by 0.08%~0.77%, on average, in 2 years. These results imply that the main cause of the performance persistence in Korean stock market is the difference of fund managers' ability rather than the FIPP effect.

• Analytical Science and Technology
• /
• v.29 no.5
• /
• pp.209-218
• /
• 2016

PM₁₀ and PM_2.5 samples were collected at the 1100 site of Mt. Halla in Jeju Island during 2011~2012, and their ionic and elemental species were analyzed, in order to investigate the characteristics of emission sources as well as aerosol compositions. The mass concentrations of PM₁₀ and PM_2.5 were 22.0±13.1 µg/m³ and 11.3±6.1 µg/m³, respectively, showing 2.4~2.6 times lower than those of the capital city area of Korea. The composition ratios of major secondary pollutants (nss-SO₄²⁻, NH₄⁺, and NO₃⁻) were the highest as 85.5 % for PM₁₀ and 91.3 % for PM_2.5, and followed by the order of marine (Na⁺, Cl⁻, and Mg²⁺), organic acid (HCOO⁻ and CH₃COO⁻), and soil (nss-Ca²⁺) sources. Among the elemental species in PM₁₀, soil-originated components (Al, Fe, and Ca) were consisted of 50.9 %, which was higher proportion than marine and anthropogenic elements. The acidification of the fine particulate matters was found to be influenced mostly by sulfuric and nitric acids, and these acids were mainly neutralized by calcium carbonate in PM₁₀ and by ammonia in PM_2.5. The clustered back trajectories showed that 47 % of total air mass inflows was from the China, and the concentrations of NO₃⁻ and nss-Ca²⁺ were especially high corresponding to the inflows.

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.21 no.6
• /
• pp.617-636
• /
• 2015

The Mokpo coastal waters receive discharges from three artificial lakes(Youngsan, Youngam, Geumho) and other terrigenous freshwater inflows(streams, sewage treatment effluent, fresh groundwater), which exhibit very high concentrations of nutrients and/or organic matters. To understand spatial distributions of nutrients(DIN, DIP, DSi) and other water quality parameters(Chl-a, water temperature, salinity, DO, COD, SS), field surveys were conducted at 10 stations in the Mokpo harbor and adjacent estuaries on May, July, September, and November 2008 within 10 days following discharge events from artificial lakes. In this study, the freshwater flow rate influxed by the operation of sea dike sluice had significant influence on water qualities of the Mokpo coastal waters, although nutrient concentrations in other freshwater sources such as streams, sewage treatment effluent, and fresh groundwater were much higher. As a result of statistical analysis, DIN, COD, and Chl-a had a negative correlation with salinity. Therefore it was shown that discharge extents, time, and nutrients from the Youngsan lake were major impact factors dominating the spatial characteristics of nutrients and other water quality parameters in the Mokpo harbor and adjacent waters. However, despite non-discharge from the Youngsan Lake on September of this investigated period, it was observed that the nutrient addition was taking place in the lower layer of the estuary suggesting nutrient supply through different pathways. This result has emphasized the need to implement the combined assessment about the cumulative impacts on the Youngsan Estuary environment and ecosystem due to freshwater inputs derived from the artificial lakes as well as other terrigenous inflows, or benthic releases.

• Journal of Wetlands Research
• /
• v.16 no.3
• /
• pp.431-440
• /
• 2014

To propose the improvement and management plans to strengthen the pollutant removal efficiency of dam reservoir's constructed wetlands(CWs), the operation status and configuration of CWs (including water depth, operational flow, water flow distribution, residence time, and pollutant removal efficiency, aspect ratio, open water/vegetation ratio etc.) were analyzed in 10 major wetlands constructed in dam reservoirs. The pollutant concentrations in the inflows of the studied CWs were lower than those of American and European constructed wetlands. Especially, organic matter concentrations in all of inflows were below 3 mg/L(as BOD) due to advanced treatment of sewage disposal plant and an intake of low concentration water during dry and normal seasons. The average removal efficiency of total nitrogen(TN) and total phosphorus(TP) for 10 CWs ranged from 7.6~67.6%(mean 24.9%) and -4.9~74.5%(mean 23.7%), respectively, showing high in wetlands treating municipal wastewater. On the other hand, the removal efficiency of BOD was generally low or negative with ranging from -133.3 to 41.7%. From the analysis of the operation status and configuration of CWs, it is suggested that the low removal efficiency of dam reservoir's CWs were caused by both structural (inappropriate aspect ratio, excessive open water area) and operational (neglecting water-level management, lack of facilities and operation for first flush treatment, lake of monitoring during rainy events) problems. Therefore, to enable to play a role as a reduction facility of non-point source(NPS) pollutants, an appropriate design and operation manuals for dam reservoir's CW is urgently needed. In addition, the monitoring during rainy events, when NPS runoff occur, must be included in operation manual of CW, and then the data obtained from the monitoring is considered in estimation of the pollutant removal efficiency by dam reservoir's CW.

• Journal of Korean Society of Environmental Engineers
• /
• v.31 no.10
• /
• pp.893-900
• /
• 2009

To estimate the contribution of epiphytic algae attached on reed to organic matter production in constructed wetland, primary productivity by epiphytic algae was investigated in two sub-wetlands (Banweol and Donhwa wetlands) of the Sihwa Constructed Wetland (CW) with different chemistry of inflows. Chlorophyll a concentration of epiphytic algae was higher in the Banweol wetland (range:37~3,581 mgChl.a/$m^2$surface stem, average:655 mgChl.a/$m^2$surface stem) than the Donhwa wetland (range:87~2,093 mgChl.a/$m^2$surface stem, average:527 mgChl.a/$m^2$surface stem). In contrast, assimilation number (AN) representing photosynthetic activity was higher in the Donhwa wetland with low TN/TP ratio than the Banweol wetland. A negative correlation (r=0.46) was observed between TN/TP ratios of inflows and AN in two wetlands, implying that high photosynthetic activity of epiphytic algae may be related with low TN/TP ratio. The areal primary productivity ranged from 307 to 2,473 mgC/$m^2$/day in the Banweol wetland and from 756 to 2,096 mgC/$m^2$/day in the Donghwa wetland, showing high productivity in summer. Average primary production was lower in the Banweol wetland (1,166 mgC/$m^2$/day) than the Donghwa wetland (1,467 mgC/$m^2$/day), although the standing crop (as chlorophyll a concentration) was high in the Banweol wetland. This result may be due to the low photosynthetic activity of epiphytic algae in the Banweol wetland with high TN/TP ratio. The annual primary production (300 tonC/year) of epiphytic algae contributed 33% of the total production in the Sihwa CW. An excessive organic matter production in constructed wetland can negatively affect the efficiency of water treatment. Therefore, the role of epiphytic algae should be considered in management of constructed wetland for water treatment.

• Journal of Korea Water Resources Association
• /
• v.42 no.12
• /
• pp.1069-1077
• /
• 2009

Lately, it is an important concern in water resources research to maintain a stable water supply according to a future climate change and an increase in water use. In Han-River basin, approximately 10 % of water resources that is provided the capital region (Gyeonggi, Seoul etc.) has been reduced as a consequence of the construction of Imnam Dam (storage volume: 27 billion $m^3$) located in the upper Hwacheon Dam upstream area. Therefore, streamflows have decreased in Bukhangang basin, but it could not be evaluated quantitatively. In this study, SWAT-K which is the physically based long-term runoff simulation model, was used in order to evaluate the effect of Imnam Dam on the reduced inflow to Hwacheon Dam according to the change of hydrological condition in the upstream area of Hwacheon Dam. For the model input data of North Korea area, meteorological data of GTS (Global Telecommunication System) were used, and soil maps by FAO/UNESCO (2003) were applied. Temporal variations of water resources is investigated with comparison of observed and simulated inflows at Hawcheon Dam site. Also, annual, monthly, seasonal decreases in water resources were evaluated using the flow duration analysis of simulated streamflows with or without Imnam dam.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.14 no.1
• /
• pp.231-243
• /
• 1994

A stochastic programming model for river water quality management was developed. River water quality, river flow, quality and flowrate of the wastewater treatment plant inflow were treated as random variables in the model. Withdrawal for water supply and submerged weir reaeration were included in the model itself. A probabilistic model was formulated to compute the expectation and variance of water quality using Streeter-Phelps equation. Chance constraints of the optimization problem were converted to deterministic equivalents by chance constrained method. Objective function was total annual treatment cost of all wastewater treatment plants in the region. Construction cost function and O & M cost function were derived in the form of nonlinear equations that are functions of treatment efficiency and capacity of treatment plant. The optimization problem was solved by nonlinear programming. This model was applied to the lower Han River. The results show that the reliability to meet the DO standards of the year 1996 is about 50% when the treatment level of four wastewater treatment plants in Seoul is secondary treatment, and BOD load from the tributary inflows is the same as present time. And when BOD load from Tanchon, Jungrangchon, and Anyangchon is decreased to 50%, the reliability to meet the DO standards of the year 1996 is above 60%. This results indicated that for the sake of the water quality conservation of the lower Han River, water quality of the tributaries must be improved, and at least secondary level of treatment is required in the wastewater treatment plants.

• KDI Journal of Economic Policy
• /
• v.12 no.3
• /
• pp.125-151
• /
• 1990

This paper reviews the economic liberalization experiences of the Southern Cone countries and draws some lessons from their experiences. The Southern Cone countries-Chile, Argentina and Uruguay-followed the different sequences in liberalization. Chile implemented the fiscal reform and the following comprehensive trade reform in the beginning of liberalization, but capital controls were maintained until 1979. Argentina and Uruguay placed more emphasis on the financial reform with the goods market reformed afterwards, but the fiscal sector was never reformed in Argentina. Since the serious inflation plagued the Southern Cone countries, they combined the economic liberalization scheme with the economic stabilization programmes which are based on the monetarist model. Although economic situations in the Southern Cone countries are quite different from those of Korea, we can learn many lessons from their experiences. First, the monetary and fiscal policies should consist of strict financial discipline to bring in the stable domestic inflation. Without the domestic stabilization, the financial liberalization could disturb the domestic economy as the capital inflows in particular generate a real exchange rate appreciation. Second, the monetary approach which is based on the full purchasing power parity and perfect capital mobility make stabilization as simple as a matter of the appropriate exchange rate policy and the proper rate of domestic credit creation. The unsuccessful experiences with monetarist stabilization in the Southern Cone countries suggest that the monetarist model cannot make real exchange rate and real interest rate stable with the trade and financial reform. Third, both the theory and practice have not yet provided a precise solution on the optimal sequencing and speed of the goods and financial market. Nonetheless, it seems desirable to keep the real exchange rate and the real interest rate stable by gradually opening up the current account and then the capital account.