• The Korean Journal of Financial Management
• /
• v.23 no.1
• /
• pp.193-225
• /
• 2006

The purpose of this paper is to analyze contagion in Asian foreign exchange markets using Extreme Value Theory and Copula. Our application deals with asymptotic dependence of daily exchange rate return for a sample of eight countries over period 1997.1.1-2005.4.13. The empirical results are summarized as follows. Firstly, Gumbel Copula is a good model to our data according to the value of AIC. Secondly, the extremal dependence between East Asian crisis countries became lower in the post crisis period than the crisis period. Thirdly, It seemed that high extremal dependence exists between East Asian countries with Singapore. Fourthly, the tail dependence between Indonesia, Malaysia, Thailand, Philippine became higher in the crisis period than the total period and post crisis period. Fifthly, the fact that the extremal dependence between Korea and Indonesia, Malaysia, Thailand, Philippine did not increase during the Asian Financial Crisis showed that the contagion effect was not the reason of the Korea's Fiancial Crisis. Sixthly, the extremal dependence between Asian exchange markets was not very high while comparing with the European exchange markets.

• International Journal of Computer Science & Network Security
• /
• v.22 no.8
• /
• pp.235-241
• /
• 2022

The main purpose of the article is to analyze the features of the impact of digital technologies on environmental management in the public administration system of the regions. The revival of the economy and its digitalization, which emerged after the first wave of the economic crisis, is already fraught with an aggravation of the ecological situation in the region. Of course, the conventional model of economic growth has by now exhausted its capabilities and can be characterized as environmentally unsustainable. Digital technologies bring changes that cannot be ignored. Based on the results of the study, key aspects of the impact of digital technologies on environmental management in the public administration system of the regions were identified.

• Agribusiness and Information Management
• /
• v.12 no.1
• /
• pp.6-16
• /
• 2020

This is a summary of a comparative study of the national policies to foster the agri-food industry implemented by the leading countries of the industry before and after the COVID-19-induced global economic crisis. By comparing the policies of each country, we discovered that key leading countries of the agri-food industry had given up or suspended one-on-one, face-to-face support programs that they had maintained for years, and have started providing financial assistance to companies or self-employed people in relative industries. Korea should implement such decisive policies for the Korean agri-food industry to tackle this unprecedented economic shrink and maintain the competitiveness of the industry. Considering the scale and speed of the spreading of the pandemic, the new policies should be implemented swiftly and boldly. This study can be used as a base material for developing new policies to minimize damage to the agri-food industry and national economy caused by COVID-19.

• Proceedings of the Korean Society of Computer Information Conference
• /
• 2021.07a
• /
• pp.113-116
• /
• 2021

우리나라는 최근 COVID-19 감염병 재난에 대한 체계적이고 성공적인 방역과 대응으로 국제적인 주목과 인정을 받고 있으며, 세계 10위 수준의 국가 경제 발전과 재난관리 중요성의 인식 향상에 따라 수준 높은 국가 재난관리 체계에 대한 국민적 관심과 요구가 높아지고 있다. 2004년 국가 위기관리 기본지침의 제정과 함께 국가 위기관리 표준 매뉴얼이 수립된 이래로 국가 위기관리 체계에서 위기관리 매뉴얼은 중추적인 역할을 담당하고 있다. 하지만 4차시대 혁명시대 ICT 기술 및 재난정보들이 융합된 재난 대응 환경에서 책자와 파일 위주의 정적 문서 포맷과 비구조적인 내용구성으로 주요정보 간 연계·활용성이 낮은 현재 매뉴얼 체계는 실제 재난상황에서 KEY 역할을 수행하기에는 여러 측면에서 한계가 뚜렷하다. 본 논문에서는 국가 위기관리 매뉴얼 체계 개선의 초석을 마련하는 단계로써 표준 매뉴얼에 대한 구성요소를 분석하고 기관 간 협업관계를 분석하였다.

• Journal of Welding and Joining
• /
• v.32 no.5
• /
• pp.58-64
• /
• 2014

The shipbuilding industry is facing the various problems of less demand and oversupply owing to the global economic crisis and the increase in shipbuilding countries. Shipyards of the industry are making effort to strengthen their ability to handle the crisis via a smartwork technology for flexible working environment. In this study, we developed a smartwork system that manages the information in shipbuilding process with mobile devices such as smart phones and tablet PCs. To successfully apply the developed smartwork system to shipyards, we analyzed several best practices and management tasks of the shipbuilding processes. The developed system was designed by CBD approach that is a branch of service-oriented software engineering for reusability and flexibility on the system. As it is designed considering the flexible working environment, it supports to increase their productivity by reducing the time required to carry out tasks and by increasing the mobility required to manage work performance in field of shipyards.

• The Korean Journal of Financial Management
• /
• v.26 no.2
• /
• pp.63-91
• /
• 2009

This paper tests the validity of pecking order theory by Myers(1977) and Myers and Majluf(1984) on Korean manufacturing firms listed in the KRX for the years of 1994 to 2003. We also want to see if there is any difference in financing behavior between chaebol affiliated firms and non-chaebol affiliated firms. We develop testable hypotheses from the idea that established relationship between bank and firm mitigates the problem of information asymmetry (Kang and Lim, 2001), and thus makes it easier for firms to raise funds through banks. The test result of the first stage shows that firms prefer cash reserves to debt financing, and prefer debt to equity. Chaebol affiliated firms are found to behave as if they already exploit internal capital markets. The second stage of the test carried out by dividing debt capital into bank loans and corporate bonds also shows a consistent pattern of financing behavior. Firms are testified to prefer cash to bank loans, bank loans to corporate bonds, and corporate bonds to equity. In this case chaebol affiliation seems to make firms behave as if they already establish internal capital markets. Further analysis shows that some, though not in every case, difference of ordering around the occasion of Korean financial crisis exists. It may be from the change of attitude of Korean firms to risk, or from weakened influence of internal capital market along with strengthened market power in the post-crisis period.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.20 no.10
• /
• pp.250-258
• /
• 2019

Due to the problems associated with the aging of industrial complexes, research on the decline of industrial complexes is being conducted. In the case of decline, it is necessary to not respond immediately, but with a crisis, it is necessary to minimize the impact on the industrial complex through preemptive responses to the external environment and internal changes. Therefore, it is necessary to develop a crisis index that can systematically predict and evaluate changes in the industrial complex. In this research, a method for extracting the crisis index of an industrial complex is developed. We derive performance measures for developing the crisis index, deriving the relative importance of performance measures based on the analytical hierarchy process. Because units of performance measurement are different, a normalization method is developed to sensitively reflect change. Based on the relative importance and normalized values of the performance measures, the crisis index of the industrial complex is developed and applied to a national industrial complex in order to verify its applicability.

• Proceedings of the Korea Institute of Fire Science and Engineering Conference
• /
• 2009.04a
• /
• pp.467-472
• /
• 2009

소방조직은 재난발생시 초동대응기관으로서 재해를 최소화하고, 국민들의 생명과 재산을 보호하기 위한 중대한 임무를 수행하고 있다. 따라서 행정조직체계에서의 역할 및 책임 등의 권한이 매우 중요하다. 현행 소방조직의 재난발생 시 역할을 살펴보고, 행정적 대응능력을 제고시킬 수 있는 방안을 고찰하였다.

• Journal of Families and Better Life
• /
• v.26 no.1
• /
• pp.51-67
• /
• 2008

The study analyzes divorce rates in Korea and makes suggestions for the future research of divorce rates. Based on the data from Korea Statistical Information System (KOSIS) of the National Statistics Organization, trends for divorce rates change and the relations between divorce rates and macro environmental factors are analyzed. Macro environmental factors include socioeconomic factors such as, Korean War, Vietnam War, oil shock, IMP economic crisis and gross national income (GNI), whereas demographical factors include population structure, rates of female labor participation, and geographical location. The principle characteristics of divorce rates are as follows: 1) the Crude divorce rates (CDR) and the number of divorced had been increased from 1970 to 2004, then the trend changed to a decrease; 2) the slope of the change were the highest during 1998 to 2004 after the IMP economic crisis. The relations between socioeconomic factors are as follows: 1) during the war there was a small increase of CDR for a short period of time; 2) the economic crisis of the nation tend to increase the CDR, while the IMP economic crisis had a strong impact on an increase of CDR because of the interaction effect among the population structure, women's sex role changes as well as the level of standard of living. The increase in CDR from 1990 to 2000 can be explained partly by the population of baby Boomers passing through their marriage and divorce process. The number of population residing in the rural area and the middle class households, and the mobility of population also had an impact on the divorce rates changes. The recommendations for the future research were as follows: 1) the need to develop new divorce statistics that are based on a marriage cohort or a birth cohort because family behavior is a mixture of personal, social and political responses, and because CDR is not an accurate measure of divorce rate since it was influenced by population structure; 2) the need to include micro personal factors as well as macro social factors in a model to find an interaction effect between those variables.

• Journal of Digital Convergence
• /
• v.14 no.1
• /
• pp.427-436
• /
• 2016

Is university restructuring for 'reinforcing university education quality and competitiveness of higher education'? The fundamental problems of the on going university restructuring becomes crisis of university and moreover, Sports Related Departments faces huge crisis. This research analyzes university crisis and progress of Sports Related Departments. After conducting discussion about a directivity of Physical Education in university with a focus on role and direction of 'Physical Education' which is for realization of 'University''s ideal, Sports Related Departments proposed four practical tasks, which is for preventive improvement, not for prescriptive improvement. First, Effort to establish academical identity. Second, characterization strategy for each different region and university. Third, Reforming of Sports Related Departments related with prospect of the labour market. Last, Drawing up a plan for establishing Sports Related Departments' united system.