• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.53-78
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• 2008

Foreign investors who invest in the Korean stock markets are exposed to two kinds of foreign exchange rate risk, the economic exposure and the translation exposure. The former is the foreign exchange rate exposure in return generating process of the assets invested and the latter is the foreign exchange rate exposure in the translation of domestic return into foreign investors' currency. Domestic investors, however, are exposed only to foreign exchange rate exposure in the asset invested. This different situation on foreign exchange rate exposure between foreign investors and domestic investors can induce different response to exchange rate change by investor groups. Previous studies on foreign exchange rate exposure of Korean firms reported that quite a few Korean firms are exposed to foreign exchange risks and suggested to manage the foreign exchange risks. Also, many studies on the market segmentation showed that a market can be practically segmented according to the characteristics of investor groups. These studies support the hypothesis that the Korean stock market can be practically segmented by the foreign investors' attitude to the foreign exchange rate exposure. This study examines the response of both foreign investors and domestic investors to the foreign exchange rate exposures in Korean stock markets. Test results show that foreign investors increase their sell transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors attempt to actively manage the decrease in value of their assets due to rising of exchange rate. Analysis on the sell order data is also supportive to this interpretation. Foreign investors also increase their buy transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors use actively the relation between the increase in asset value and the translation gain due to declining of exchange rate. Analyses on buy order data, however, do not show the same result as the analyses on transaction data. This difference may come from the difference of information contained in transaction data and order data. In summary, the result of the paper supports the hypothesis that foreign investors response differently to foreign exchange rate exposure compared with domestic, Korean investors. Two groups do not show different response when exchange rate exposure is positive, i.e., as foreign exchange rate is increase (decrease), the asset value is increase (decrease). However, foreign investors' response is different from that of domestic investors when exchange rate exposure is negative, i.e., as foreign exchange rate is increase (decrease), the asset value is decrease (increase). These results mean that foreign investors and domestic investors are placed in different situations related to foreign exchange rate exposure, and these differences are reflected in the Korean stock markets. And domestic investors need to consider foreign investors' different attitude to the foreign exchange rate exposure when they analysis foreign investors' trading behavior.

• Journal of Korean Society for Geospatial Information Science
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• v.22 no.4
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• pp.175-181
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• 2014

Korean government proposed a new initiative 'government 3.0' with which the administration will open its dataset to the public before requests. City of Seoul is the front runner in disclosure of government data. If we know what kind of attributes are governing factors for any given segmentation, these outcomes can be applied to real world problems of marketing and business strategy, and administrative decision makings. However, with respect to city of Seoul, selection of optimal variables from the open dataset up to several thousands of attributes would require a humongous amount of computation time because it might require a combinatorial optimization while maximizing dissimilarity measures between clusters. In this study, we acquired 718 attribute dataset from Statistics Korea and conducted an analysis to select the most suitable variables, which differentiate Gangnam from other districts, using the Genetic algorithm and Dunn's index. Also, we utilized the Microsoft Azure cloud computing system to speed up the process time. As the result, the optimal 28 variables were finally selected, and the validation result showed that those 28 variables effectively group the Gangnam from other districts using the Ward's minimum variance and K-means algorithm.

• Journal of the Korea Society of Computer and Information
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• v.19 no.10
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• pp.63-70
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• 2014

Process of recognizing objects in binary images consists of image segmentation and pattern matching. If binary objects in the image are assumed to be separated, global features such as area, length of perimeter, or the ratio of the two can be used to recognize the objects in the image. However, if such an assumption is not valid, the global features can not be used but local features such as points or line segments should be used to recognize the objects. In this paper points with large curvature along the perimeter are chosen to be the feature points, and pairs of points selected from them are used as local features. Similarity of two local features are defined using elastic deformation energy for making the lengths and angles between gradient vectors at the end points same. Neighbour support value is defined and used for robust recognition of partially occluded binary objects. An experiment on Kimia-25 data showed that the proposed algorithm runs 4.5 times faster than the maximum clique algorithm with same recognition rate.

• Journal of Intelligence and Information Systems
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• v.11 no.3
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• pp.83-101
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• 2005

Customer retention is one of the major issues in life insurance industry, in which competition is increasingly fierce. There are many things for the life insurers to do many things to retain the customers. One of those things is to make sure to keep in touch with all customers. When an insurance-planner resigned, his/her customers must be taken care of by some planner-assistants. This article outlines the design of Contact Scheduling System (CSS) that supports planner-assistants for contacting the customers. Planner-assistants are unable to share the resigned insurance-planner's experience and knowledge regarding the customer relationship management. The CSS developed by employing both Classification And Regression Tree (CART) technique and Sequential Pattern Mining (SPM) technique has a two-stage process. In the first stage, it segments the customers into eight groups by CART model. Then it generates contact scheduling information consisting of contact-purpose, contact-interval and contact-channel, according to the segment's typical contact pattern. Contact-purpose is derived by schedule-driven, event-driven, or business-rule-driven. Schedule-driven contact is determined by SPM model. In the operation of CSS in a realistic situation, it shows a practicality in supporting planner-assistants to keep in touch with the customers efficiently and effectively.

• Journal of Distribution Science
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• v.11 no.6
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• pp.51-58
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• 2013

Purpose - Nowadays, more than ever before, fierce competition, deep market segmentation, short product life cycles, and intensifying customer needs are putting increasing pressure on franchise's organizations to satisfy their customers by creating market-oriented relationships with and enhancing their market knowledge of them. One way that this might be achieved is by establishing deep ties (i.e., job commitment and job satisfaction) with their employees. Therefore, the purpose of this study is to examine how two important constructs of franchises' strategic efforts, LO (learning orientation) and RMO (relationship marketing orientation), affect job satisfaction, given the mediating role of job commitment. A franchise system comprises a set of contractual arrangements by which mutual obligations are performed. An organizational learning goal motivates employees to improve their abilities and master the tasks they perform. Relationship marketing, in addition, is to identify, establish, maintain, and enhance relationships with customers and other stakeholders to ensure that the objectives of all parties are met and this is done through the mutual exchange of promises. In a relationship marketing orientation, then, a firm creates, maintains, and enhances a strong relationship with its customers by sustaining long-term ties. This study was designed to examine the evolution of various theoretical approaches to franchise systems in order to determine whether theories about firms have significantly affected the franchise system. To this end, the authors developed a structural model consisting of several constructs. Previous studies have suggested that franchises' learning and relationship marketing orientations are important occupational immersion dimensions driving job satisfaction. Research design, data, methodology - We empirically tested a process of how the learning orientation and the relationship marketing orientation influence job commitment and job satisfaction using survey data drawn from 150 responding franchisees who were interviewed about their individual tendencies. Results - The results of this study provide empirical evidence that learning orientation, relationship marketing orientation, and job commitment all influence franchisees' job satisfaction. The results of this study indicate that, first, learning orientation had a significant effect on job satisfaction; second, relationship marketing orientation was positively related to job commitment; third, job commitment had a significant effect on job satisfaction. We also found that relationship marketing orientation and job satisfaction were mediated by job commitment. Conclusions - The findings of this study confirm the importance of learning orientation and relationship marketing orientation in maintaining a positive marketing relationship between franchiser and franchisee from to the perspective of the market. This indicates that franchiser support such as educational programs provided by the franchiser will help franchisees attain higher business management achievement and satisfaction. Moreover, a positive relationship between franchisees and consumers can be maintained through tie effects. Our findings also suggest that learning orientation plays a critical role in job satisfaction within the franchise system.

• Journal of the Korea Society of Computer and Information
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• v.4 no.2
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• pp.120-134
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• 1999

Image processing steps consist of image acquisition, pre-processing, region segmentation and recognition, and the images are easily corrupted by noise during the data transmission, data capture, and data processing. Impulse noise and gaussian noise are major noises, which can occur during the process. Many filters such as mean filter, median filter, weighted median filter, Cheikh filter, and Kyu-cheol Lee filter were proposed as spatial noise reduction filters so far. Many researches have been focused on the reduction of impulse noise, but comparatively the research in the reduction of gaussian noise has been neglected. For the reduction of gaussian noise, subset averaged median filter, using median information and subset average information of pixels in a window. was proposed. At this time, consider of the window size as 3$^{*}$3 pixel. The window is divided to 4 subsets consisted of 4 pixels. First of all, we calculate the average value of each subset, and then find the median value by sorting the average values and center pixel's value. In this paper, a better reduction of gaussian noise was proved. The proposed algorithms were implemented by ANSI C language on a Sun Ultra 2 for testing purposes and the effects and results of the filter in the various levels of noise and images were proposed by comparing the values of PSNR, MSE, and RMSE with the value of the other existing filtering methods.thods.

• Journal of the Korean Association of Geographic Information Studies
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• v.20 no.1
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• pp.1-14
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• 2017

A land cover map provides basic information to help understand the current state of a region, but its utilization in the ecological research field has deteriorated due to limited temporal and spatial resolutions. The purpose of this study was to investigate the possibility of using a land cover map with data based on high resolution images acquired by UAV. Using the UAV, 10.5 cm orthoimages were obtained from the $2.5km^2$ study area, and land cover maps were obtained from object-based and pixel-based classification for comparison and analysis. From accuracy verification, classification accuracy was shown to be high, with a Kappa of 0.77 for the pixel-based classification and a Kappa of 0.82 for the object-based classification. The overall area ratios were similar, and good classification results were found in grasslands and wetlands. The optimal image segmentation weights for object-based classification were Scale=150, Shape=0.5, Compactness=0.5, and Color=1. Scale was the most influential factor in the weight selection process. Compared with the pixel-based classification, the object-based classification provides results that are easy to read because there is a clear boundary between objects. Compared with the land cover map from the Ministry of Environment (subdivision), it was effective for natural areas (forests, grasslands, wetlands, etc.) but not developed areas (roads, buildings, etc.). The application of an object-based classification method for land cover using UAV images can contribute to the field of ecological research with its advantages of rapidly updated data, good accuracy, and economical efficiency.

• Korean Journal of Ichthyology
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• v.24 no.2
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• pp.125-130
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• 2012

We describe early morphological development in laboratory-reared specimens of the brown croaker, Miichthys miiuy, in relation to fin differentiation, head dimensions, and squamation. From the yolk sac stage to the flexion larval stage (a period of 12 days following hatching, at which time the larvae were <4.2 mm in total length; TL) we observed the presence of a fin-fold around the body, while the caudal fin appeared rounded and lacked scales. Rays developed in the dorsal, anal, and pectoral fins in a process that was almost complete in larvae 12 days, while ray segmentation occurred between 26 and 29 days of age. Elongation of the middle rays of the caudal fin was initiated at 32 days, and the rays were remarkably elongated by 37 days. By 68 days the caudal fin was lanceolated (50.7 mm TL). Scales began to develop from the midlateral lines of the caudal peduncle at 9.1mm TL (28 days), eventually encompassing the entire operculum (22.1 mm TL; 44 days). The head dimensions were largely stabilized at >12 mm TL (30 day).

• Culinary science and hospitality research
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• v.17 no.4
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• pp.59-73
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• 2011

The purpose of this study is to establish a marketing strategy for the makgeolli manufacturing industry. We fractionized cousumer types depending on motives for purchase of customers who had bought makeolli or drunk it for the last six months. We also examined the relationship between makgeolli selection attributes and customer satisfaction by the cousumer types. SPSS 15.0 statistical package was used to process data. Frequency analysis, factor analysis, a reliability test, K-means cluster analysis, one-way ANOVA, and multiple regression were executed. As a result, the motives to purchase and drink were divided into four factors - marketing, effect on health, self-desires, outside environment; consumers into three types - dependent type, loving type, indifferent type; makgeolli selection attributes into five factors - health characteristics, visual elements, brand characteristics, drinking characteristics, purchase characteristics. It was shown that the makgeolli loving type considered all the makgeolli selection attributes as most important; the dependent type considered the health characteristics and visual elements as less important than the loving type did. The indifferent type considered all the makgeolli selection attributes as less important compared with the other types. Among the makgeolli selection attributes, drinking characteristics and the purchase characteristics had effects on customer satisfaction.

• Culinary science and hospitality research
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• v.20 no.6
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• pp.13-27
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• 2014

This study sought to examine the effects of job inconsistency of cooks in the food service businesses on job performance, and the effects of such causation on intention of changing jobs. For job inconsistency, cooks produce limited menu products due to the segmentation of jobs in the same industry, and can hardly exercise their skills obtained through education. Thus, 275 samples of job inconsistency were made to undergo frequency analysis, factor analysis, reliability analysis, correlational analysis, and multiple regression analysis, using the SPSS 17.0 program. Hypothesis 1 was established as cooks' job inconsistency having a positive effect on job performance; thus, with regard to job performance factors, skill inconsistency (${\beta}$=-.432), and wage inconsistency (${\beta}$=-.250) had a negative effect on job performance, but education inconsistency (${\beta}$=-.048) did not have an effect. Hypothesis 2 was established as cooks' job performance having a significant effect on intention of changing jobs; thus, intention of changing jobs had a significant negative effect on job performance (${\beta}$=-.238). So if job performance was improved, the intention of changing jobs would be reduced. This study implies that: cooks who were engaging in the food service businesses experienced job inconsistency, and led themselves to having an intention to change jobs; in this process, individual cooks' job level inconsistency and their wage levels have an important effect on intention of changing jobs.