• Title/Summary/Keyword: Korean-China

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Impact of US-China Trade War on Stock Price of Korean Exporting Firms (미·중 무역분쟁이 한국 수출기업 주식가격에 미치는 영향)

  • Yoo-Kyung Won;Chae-Deug Yi
    • Korea Trade Review
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    • v.45 no.1
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    • pp.173-201
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    • 2020
  • As the US's trade deficit with China and China's manufacturing industry has risen rapidly, the US has begun to regulate trade items as part of China's checks. Four rounds of reprisal measures have greatly altered the trade structures of both countries. In particular, Korea, which is highly dependent on the US and China, has been directly affected by US-China trade disputes. The purpose of this study was to analyze the effects of US-China trade disputes on the stock price of Korean export firms by performing an event study. This study analyzed stock price fluctuations for 7 days before and after entry into forced [Please check] retaliatory tariffs on Korean exporters' export items subject to retaliatory tariffs. According to the analysis results, among companies that produce goods with major tariffs imposed on China by the US, such as electronic appliances, semiconductors, machinery, and automobiles, those producing electronics and semiconductor products were positively affected by the tariff incident. Secondly, among the companies producing steel, chemicals, and machinery, which the main tariffs imposed by the United States, companies producing steel and chemicals were negatively affected by the incident due to the stagnation of trade between China and the US. The results of this study suggest future trade policy directions for Korea and help to establish an export strategy for major industries.

Comparative Analysis on Recommended Levels of Illumination in Korea·China·Japan: Focused on Recommended Levels of Illumination for Housing (한중일의 조도기준 비교분석 : 주택조도기준을 중심으로)

  • Song, DaeSun;Kang, HyeKyung;Jo, YoungMi;An, Okhee
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.4
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    • pp.1-8
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    • 2014
  • This study compared the recommended levels of illumination for housing. KS Recommended Levels of Illumination (KS A 3011) in Korea, Recommended Levels of Illumination (GB 50034-2004) in China and Recommended Levels of Illumination (JIS Z 9110) in Japan are compared. The results are as below. First, recommended levels of illumination used in Korea China Japan are suggested by different locations and activities. However, classification for application scope is set differently. There are 10 areas for classification used in Korea, 5 areas in China, and 13 areas in China. When medium levels for classification are included as classification level, total of 15 areas are used for classification in China. Second, when considering there are 15 areas of application scope in China for recommended levels of illumination, there are 7 areas that are commonly used in Korea China Japan. 7 areas include stadium, factories, hospitals, office, shopping center, houses and hospitals. Third, working surface is considered as the height for recommended levels of illumination in Korea China Japan. Korea and Japan consider all working positions, standing and sitting position, when deciding the height. However, China only considers the standing position. Fourth, application scope for recommended levels of illumination for housing are classified in 16 areas in Korea, 5 in China and 18 in Japan. Thus, the application scope for recommended levels of illumination in housing in Korea is similar to Japan. However, there are only 5 areas used in China such as living room, bedroom, dining room, kitchen and sanitary room. Fifth, recommended levels of illumination is classified in 3 levels such as Lowest-Moderate-Highest while China and Japan only have standard recommended levels of illumination. Sixth, when observing recommended levels of illumination by type of activities, Japan classified the activities in greatest detail followed by Korea and then China. Seventh, Recommended levels of illumination differs by each country.

A Study on Main Problems of Electronic Commerce in China

  • Park, Eun Ok;Shin, Gun Hoon
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.56
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    • pp.77-100
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    • 2012
  • China draws lots of attention from many multinational corporations all over the world as one of the biggest market in the world. Due to the huge territory and explosive population, it is considered that China has endless potentiality. Moreover, since China joined the WTO, China opens its market, developing the policies for opening of its market. Based on the enormous purchasing power, China gets another attention in industry of electronic commerce. With the development and expansion of information technologies, China's electronic commerce has rapidly developed. Since the market of electronic commerce in China is in the developing stage, there is still a big market for electronic commerce and also Chinese government has made much effort in order to develop the industry of electronic commerce. However, in spite of these circumstances, the Chinese electronic commerce industry is far behind the developed countries. There could be many reasons for slow development in industry of electronic commerce and the main purpose of this paper is to discuss these reasons. First of all, the current status of electronic commerce industry in China will be analysed, and then, main problems of electronic commerce industry will be discussed in order to find out the reasons why the industry of electronic commerce cannot develop as much as it is anticipated. It is expected that this paper can contribute to understanding electronic commerce industry in China, and it will be helpful for companies which have a plan to extend their businesses in China.

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A Study on the Problems in the Application of UCP 600 in the International Trade Transactions with China (중국과의 무역거래에서 UCP 600 적용상의 문제점에 관한 연구)

  • Park, Suk Jae
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.61
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    • pp.191-211
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    • 2014
  • This paper intends to study some problems in the application of UCP 600 in the international trade transactions with China. Generally speaking, China complies with UCP 600 well. Nevertheless, there are some problems in the application of UCP 600 in China owing to the difference in law and practices. There are some problems in the application of UCP 600 in China owing to the difference of practices under Bills of Exchange Act and The Provisions of the Supreme People's Court on Some Issues Concerning the Trial of Cases of Disputes over Letter of Credit. The Act insists on the formal requirements, the consistency between a letter amount and a figure amount, the unconditional payment character of bills of exchange. The Provisions include the recognition of revocable credits, the difference of standard in examining documents, the difference in the treatment of issuing banks in relation to discrepant documents. These aforesaid matters of the Act and the Provisions are inconsistent with the practices under the UCP 600. There are two main problems in the operation of letters of credit in China. One is the lack of concerned parties' practice knowledge in relation to letters of credit in China. The other is the inactive stance of nominated banks in China. There are two main problems in relation to judiciary institutions in China. First, judges in China tend to abuse the injunctions owing to the lack of understanding in relation to letters of credit. Secondly, there are inconsistency in the court ruling in China.

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A Study on aquatic products and fishery administration in china (중국의 수산물 생산과 어정관리에 관한 연구)

  • 고재모
    • The Journal of Fisheries Business Administration
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    • v.30 no.1
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    • pp.77-96
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    • 1999
  • Since the onset of its economic reform and the open door policy in the late 1970s, China's overall economic growth rate has been continuing about 10% per year. The marine sector is not allowed exception, aquatic products increased sharply from 4.66 million MT in 1978 to 36.02 million MT in 1997, and then China is remained the largest producing country in the world aquatic market and her role would be expanded. Korea having a common boundaries to China is subjected unescapably both in domestic and export markets by the influence of the remarkable growth of China's aquatic products. If China were admitted entrance of WTO(World Trade Organization)in the near future, her influence is getting more serious. Well, we are necessary to understand the characteristics of China's aquatic products and to review fishery policies implemented by the China government. This paper is organized into two major parts, the one includes the structural changes of aquatic products, fishing and cultivating in the coast, latent and estimated production in China, and the other includes the main contents of fishery policies and measures of government administration. A characteristic of China's aquatic products is that cultivated production, especially, shellfish outputs continues to rapid increase. The major means of administration are an execution of fishing license system and setting up no-fishing zone and closed season for fishery. China is no longer a marginal player in international economic and world aquatic market. So, we will not only understand China's aquatic conditions and problems, but will also see the usefulness in continuing the cooperative relationship for a long time to come.

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Study on transient performance of tilting-pad thrust bearings in nuclear pump considering fluid-structure interaction

  • Qiang Li;Bin Li;Xiuwei Li;Quntao Xie;Qinglei Liu;Weiwei Xu
    • Nuclear Engineering and Technology
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    • v.55 no.6
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    • pp.2325-2334
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    • 2023
  • To study the lubrication performance of tilting-pad thrust bearing (TPTBs) during start-up in nuclear pump, a hydrodynamic lubrication model of TPTBs was established based on the computational fluid dynamics (CFD) method and the fluid-structure interaction (FSI) technique. Further, a mesh motion algorithm for the transient calculation of thrust bearings was developed based on the user defined function (UDF). The result demonstrated that minimum film thickness increases first and then decreases with the rotational speed under start-up condition. The influence of pad tilt on minimum film thickness is greater than that of collar movement at low speed, and the establishment of dynamic pressure mainly depends on pad tilt and minimum film thickness increases. As the increase of rotational speed, the influence of pad tilt was abated, where the influence of the moving of the collar dominated gradually, and minimum film thickness decreases. For TPTBs, the circumferential angle of the pad is always greater than the radial angle. When the rotational speed is constant, the change rate of radial angle is greater than that of circumferential angle with the increase of loading forces. This study can provide reference for improving bearing wear resistance.

Development of multigroup cross section library generation system TPAMS

  • Lili Wen;Haicheng Wu;Ying Chen;Xiaoming Chai;Xiaofei Wu;Xiaolan Tu;Yuan Liu
    • Nuclear Engineering and Technology
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    • v.56 no.6
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    • pp.2208-2219
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    • 2024
  • Kylin-2 is an advanced neutronics lattice code, developed by Nuclear Power Institute of China. High-precision multigroup cross section library is need for KYLIN-2 to carry out simulation of current pressurized water reactor (PWR) and advanced reactor. In this paper a multigroup cross section library generation system named TPAMS was developed, the methods in TPAMS dealing with resonance data such as subgroup parameters, lambda factor, resonance integral were discussed. Moreover, the depletion chain simplification method was studied. TPAMS can produce multigroup library in binary and ASIIC formats, including detailed data contents for resonance, transport and depletion calculations. A multigroup cross section library has been generated for KYLIN-2 based on TPAMS system. The multigroup cross section library was verified through the analysis of various criticality and burnup benchmarks, the values of multiplication factor and isotope density were compared with the experiment data. Numerical results demonstrate the accuracy of the multigroup cross section library and the reliability of the multigroup cross section library generation system TPAMS.

Keratin 17 identified by proteomic analysis may be involved in tumor angiogenesis

  • Xu, Yong;Zhang, Su-Zhen;Huang, Can-Hua;Liu, Xin-Yu;Zhong, Zhen-Hua;Hou, Wen-Li;Su, Zi-Fen;Wei, Yu-Quan
    • BMB Reports
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    • v.42 no.6
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    • pp.344-349
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    • 2009
  • Angiogenesis is crucial for solid tumor growth. By secreting angiogenic factors, tumor cells induce angiogenesis. However, targeting these angiogenic factors for cancer therapy is not always successful, suggesting that other factors may be involved in tumor angiogenesis. This work shows that 25 protein spots were differentially expressed by two-dimensional gel electrophoretic analysis when HepG2 cells induced endothelial cell differentiation to tube in vitro, and most of them were upregulated. Twenty-one proteins were identified with MALDITOF-MS, and the other four were identified by LTQ-MS/MS. Keratins were identified as one class of these upregulated proteins. Further study indicated that the expression of keratin 17 in cultured endothelial cells is likely microenvironment regulated, because its expression can be induced by HepG2 cells and bFGF as well as serum in culture media. Increased expression of keratins in endothelial cells, such as keratin 17, may contribute to the angiogenesis induced by HepG2 cells.