• Journal of Korea Trade
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• 제25권1호
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• pp.65-88
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• 2021

Purpose - This paper aims to examine the determinants of SWFs' investment in Asian countries and to identify consistent investment patterns of SWFs in specific target firms from Asia, particularly China and South Korea. Design/methodology - This study extends the Tobin's Q model to examine the relationship between SWF investments in target firms and their returns with other firm-level control variables. We collect consistent data on SWF investments and the matched firm-level data on target firms, which of observation is 1,512 firms (333 in South Korea and 1,179 in China) targeted by 20 SWF sources during 1997-2017. The panel random effect model is used to estimate the extended Tobin's Q model. The robustness of the estimations is tested by the simultaneous equation models and the panel GEE model. Findings - The evidence shows that sovereign wealth funds are more inclined to invest in the financial sector with a monopoly position and in large firms with higher growth opportunity and superior cash asset ratios in China. In contrast to their investments in China, sovereign wealth funds in South Korea prefer to invest in strategic sectors, such as energy and information technology, and in large firms with high performance and low leverage. Sovereign wealth funds' investments tend to significantly improve the target firm's performance measured by sales growth and returns in both Korea and China. Originality/value - The existing literature focuses on examining the determination of SWFs investment in the developed countries, such as Europe and the United States. Our paper contributes to the literature in three ways; first, we analyzes case studies of SWF investments in Asian markets, which are less developed and riskier. Second, we examine whether the determination of SWF investment in Asian target firms depends on the different time periods, on types of sources of SWFs, and on acquiring countries. Third, our research uses vast sample data on target firms in longer time periods (1997-2017) than other previous studies on the SWFs for Asian markets.

• Journal of Korea Trade
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• 제26권3호
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• pp.79-101
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• 2022

Purpose - The purpose of this study is to analyze and compare the international competitiveness of digital service trade between Korea and China and to help enhance the competitive advantage of digital service trade between the two countries. Design/methodology - This paper designs and establishes a comprehensive evaluation system for the international competitiveness of the Korea-China digital service trade. By using the analytical methods of combining theory and demonstration through qualitative and quantitative analysis, this paper makes a concrete and complete theoretical deconstruction and empirical measurement of its international competitiveness from the two levels of overall competitiveness and departmental competitiveness. At the same time, the study also analyzes the competitive advantages and comparative disadvantages of the two countries. Findings - It is found that South Korea has a strong competitive advantage in the sector competitiveness of digital service trade, and the export structure is reasonable and balanced, but the deficit pattern affects the overall competitiveness. China has a strong competitive advantage in the overall competitiveness of the digital service trade. However, the structural imbalance in the export sector weakens the competitiveness of the sector. Both Korea and China have the space advantage and competitive potential to enhance international competitiveness in terms of development trends. Originality/value - This paper takes the lead in solving the pain point of the relative lack of similar research topics. It demonstrates the evolution process, development trends, and structural characteristics of the digital service trade. A new combination of competitive power research methods is innovated, and a comprehensive evaluation system is established. The above innovation points show the academic theoretical value and practical application value of this study.

• Steel and Composite Structures
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• 제51권2호
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• pp.117-126
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• 2024

There are many challenges in the construction of large-section tunnels, such as extremely soft rock and fractured zones. In order to solve these problems, the confined concrete support technology is proposed to control the surrounding rocks. The large-scale laboratory test is carried out to clarify mechanical behaviours of the combined confined concrete and traditional I-steel arches. The test results show that the bearing capacity of combined confined concrete arch is 3217.5 kN, which is 3.12 times that of the combined I-steel arch. The optimum design method is proposed to select reasonable design parameters for confined concrete arch. The parametric finite element (FE) analysis is carried out to study the effect of the design factors via optimum design method. The steel pipe wall thickness and the longitudinal connection ring spacing have a significant effect on the bearing capacity of the combined confined concrete arch. Based on the above research, the confined concrete support technology is applied on site. The field monitoring results shows that the arch has an excellent control effect on the surrounding rock deformation. The results of this research provide a reference for the support design of surrounding rocks in large-section tunnels.

• Journal of Microbiology and Biotechnology
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• 제23권12호
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• pp.1717-1725
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• 2013

Traditional soybean paste from Shandong Liangshan and Tianyuan Jiangyuan commercial soybean paste were chosen for analysis and comparison of their bacterial and fungal dynamics using denaturing gel gradient electrophoresis and 16S rRNA gene clone libraries. The bacterial diversity results showed that more than 20 types of bacteria were present in traditional Shandong soybean paste during its fermentation process, whereas only six types of bacteria were present in the commercial soybean paste. The predominant bacteria in the Shandong soybean paste were most closely related to Leuconostoc spp., an uncultured bacterium, Lactococcus lactis, Bacillus licheniformis, Bacillus spp., and Citrobacter freundii. The predominant bacteria in the Tianyuan Jiangyuan soybean paste were most closely related to an uncultured bacterium, Bacillus licheniformis, and an uncultured Leuconostoc spp. The fungal diversity results showed that 10 types of fungi were present in the Shandong soybean paste during the fermentation process, with the predominant fungi being most closely related to Geotrichum spp., an uncultured fungal clone, Aspergillus oryzae, and yeast species. The predominant fungus in the commercial soybean paste was Aspergillus oryzae.

• Asian-Australasian Journal of Animal Sciences
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• 제22권3호
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• pp.336-342
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• 2009

Avian embryos at high altitude are independent of maternal protection against hypoxia, which is contrary to mammals. It is well known that chronic hypoxic exposure at key points can significantly impact on avian development. Tibetan Chicken, a Chinese indigenous breed, living in Tibetan areas with an altitude of 2.2 to 4.1 thousand meters, has an adaptive mechanism to hypoxia. In the present study, fertilized eggs of Tibetan Chicken were incubated under 13% and 21% oxygen concentration. Two lowland chicken breeds, Shouguang Chicken, an indigenous chicken breed in Shandong Province of China, and Dwarf Recessive White Chicken, an imported breed in Beijing, were used as control groups. The embryo mass and some organs such as brain, heart, liver, stomach and eye weight in the three species were measured at Hamburger-Hamilton stage 39, 41, 43 and 45 under hypoxic and normal conditions. The results showed that in hypoxia Tibetan Chicken significantly differed from the two lowland chicken breeds in embryo mass at Hamburger-Hamilton stage 41, 43 and 45 (p<0.01). In particular, Dwarf Recessive White Chicken and Shouguang Chicken showed retarded growth in hypoxic incubation (p<0.01), whereas Tibetan Chicken showed no significant difference between hypoxic and normal conditions (p>0.05). In addition, heart and the other organs showed different susceptibility to hypoxia at the studied stages. In conclusion, chronic hypoxia induced a change in the embryo development of the three different species and Tibetan Chicken showed adaptation to hypoxia. Of note, the embryo developmental physiology of Tibetan Chicken in response to hypoxia will shed light on the process of physiological acclimation or evolutionary adaptation as well as the study of clinical disease.

• 한국대기환경학회지
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• 제32권1호
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• pp.82-99
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• 2016

This study was carried out to understand the regional contribution of Particulate Matter (PM) emissions from East Asia ($82^{\circ}{\sim}149^{\circ}E$, $18^{\circ}{\sim}53^{\circ}N$) to Seoul during high concentration period in February 2014. The Community Multi-scale Air Quality (CMAQ) version 5.0.2 with Decoupled Direct Method (DDM) was used to analyze levels of contributions over Seoul. In order to validate model performance of the CMAQ, predicted PM and its chemical species concentrations were compared to observations in China and Seoul. Model predictions could depict the daily and hourly variations of observed PM. The calculated PM concentrations, however, had a tendency of underestimation. The discrepancies are due to uncertainties of meteorological data, emission inventories and CMAQ model itself. The high PM concentration in Seoul was induced by stationary anticyclone over the West Coast of Korea during 24 to 27 February. The DDM in CMAQ was used to analyze the contributions of emissions from East Asia on Seoul during this PM episode. $PM_{10}$ concentration in Seoul is contributed by 39.77%~53.19% from China industrial and urban region, 15.37%~37.10% from South Korea, and 9.03%~18.05% North Korea. These indicate that $PM_{10}$ concentrations in Seoul during the episode period are dominated by long-range transport from China region as well as domestic sources. It was also found that the largest contribution region in China were Shandong peninsula during the PM event period.

• 한국환경과학회지
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• 제24권6호
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• pp.793-806
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• 2015

The purpose of this study is to find out the air flow patterns affecting the PM10 concentration in Busan and the potential sources within each trajectory pattern. The synoptic air flow trajectories are classified into four clusters by HYSPLIT model and the potential sources of PM10 are estimated by PSCF model for each cluster from 2008 to 2012. The potential source locations of PM10 are compared with the distribution of PM10 anthropogenic emissions in east Asia developed in 2006 for the NASA INTEX-B mission. The annual mean concentrations of PM10 in Busan decreased from $51ug/m^3$ in 2008 to $43ug/m^3$ in 2012. The monthly mean concentrations of PM10 were high during a spring season, March to May and low during a summer season, August and September. The cluster2 composed of the air trajectories from the eastern China to Busan through the west sea showed the highest frequency, 44 %. The cluster1 composed of the air trajectories from the inner Mongolia region to Busan through the northeast area of China showed the second high frequency, 26 %. The cluster3 and 4 were composed of the trajectories originated in the southeast sea and the east sea of Busan respectively and showed low frequencies. The concentrations of in each cluster were $47ug/m^3$ in cluster1, $56ug/m^3$ in cluster2, $42ug/m^3$ in cluster3 and $37ug/m^3$ in cluster4. From these results, it was proved that the cluster1 and 2 composed of the trajectories originated in the east and northeast area of China were the causes of high PM10 concentrations in Busan. The results of PSCF and CWT model showed that the potential sources of the high PM10 concentrations were the areas of the around Mongolia and the eastern China having high emissions of PM10 from Beijing, Hebei to Shanghai through Shandong, Jiangsu.

• Journal of Electrical Engineering and Technology
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• 제9권4호
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• pp.1385-1393
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• 2014

Gas insulated switchgear (GIS) is widely used in the power systems, however, the contacts overheating of the inside circuit breaker or disconnector may be a potential cause of developing accidents. As the temperature of the contacts cannot be directly acquired due to existence of the metallic shield, an infrared sensor is adopted to directly measure the temperature of the shield and then the contacts temperature can be indirectly obtained by data fitting, based on which the on-line temperature monitoring technology specifically for GIS contacts based on infrared sensing is proposed in this paper. A real GIS test platform is constructed and experimental studies are carried out to account for the influential factors that affect the accuracy of the infrared temperature measurement. A heat transfer model of the GIS module is also developed, together with experimental studies, the nonlinear temperature relationship among the contacts, the metallic shield and the environment based on a neural network algorithm is established. Finally, an integrated on-line temperature monitoring system for the GIS contacts is developed for on-site applications.

• 한국항만경제학회지
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• 제25권3호
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• pp.385-406
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• 2009

한중 국교가 수립된 이래 한국과 중국간의 무역규모는 매년 급속도로 증대되고 있다. 두 국가간 경제 및 물류협력은 경제관계의 발전뿐만 아니라 부가가치 물류의 활성화를 위해서 중요하다. 그럼에도 불구하고 양국가간 운송 및 관세절차 등에 있어 물류네트워크와 관리에 장애적 요소가 여전히 존재하고 있다. 본 연구의 목적은 한국과 중국의 산동성간의 부가가치 물류활성화를 위한 방안을 제시하는 데 있다. 이를 위해 양 지역간 무역구조와 물류네트워크의 분석을 통해 부가가치 물류비즈니스 모델을 제안하였다. 아웃바운드 비즈니스 모델은 우리나라 물류기업의 중국으로의 진출방안으로 현재 영세할 뿐만 아니라 경험이 적은 관계로 정책적 지원을 통해 위험요소를 최소화할 수 있는 방안의 수립이 요구된다. 인바운드 비즈니스 모델로는 중국의 저렴한 비용에 의해 생산된 제품을 한국으로 수입하여 품질 및 브랜드 가치를 높일 수 있도록 하기 위한 항만 및 공항배후단지의 개발 및 중국 기업과의 협력체제가 중요하다. 결론적으로 양국간 부가가치 물류활성화를 도모하기 위해서는 무엇보다 양국가간 무역 및 물류분야의 협력체제 구축이 중요한 과제가 되고 있다.

• 급식외식위생학회지
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• 제2권2호
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• pp.59-66
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• 2021

The results of the inspection based on the sanitation checklist and the measurement of refrigerator/freezer temperature, illuminance, and ATP were conducted at 12 school foodservices in Daiyue-district, Taian-city, Shandong Province, China, at the same time, and the results were as follows. Five items of 'Use sterilized cutting boards', 'Use sterilized knives', 'Use worktable after sterilization', 'Use sink after sterilization', 'Sterilize the interior/exterior of the refrigerator regularly' in the checklist inspection were found not to be performed (0%). Two items of 'Disinfect hands after washing', 'Equipped with hand sterilizer' and 'Sterilize the kitchen areas regularly' were investigated as being performed only in one foodservice (8%). The average illuminance of the receiving stand were 373.08±106.35 Lux, 8% when the standard (540 Lux or higher) was complied with, the average refrigerator temperature were 7.06±0.82℃, 38.9% when the standard (-2 to 5℃) was observed 8% of cases complying with the standard (below -18℃) at -8.56±0.76℃ were investigated. As a result of ATP measurement, the surfaces of knife edge, cutting board, refrigerator door handle, worktable, and sink, which are not sterilized at all, were not suitable (accept ratio 0%), sterilized food plate (accept ratio 54.2%) and utensil for preserved food (accept ratio 75%) had a relatively high accept ratio. China's hygiene regulations should be revised in the direction of strengthening disinfection practices for facilities, equipment, and the environment, and hygiene measures such as education on disinfection and preparation of economical disinfection methods should be established.