• Journal of Korean Society for Quality Management
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• v.51 no.2
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• pp.171-184
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• 2023

Purpose: First, this paper suggests an alternative approach to find optimal portfolio (stocks, bonds and ESG stocks) under the maximizing utility of investors. Second, we include ESG stocks in our optimal portfolio, and compare improvement of welfares in the case with and without ESG stocks in portfolio. Methods: Our main method of analysis follows Brennan et al(2002), designed under the continuous time framework. We assume that the dynamics of stock price follow the Geometric Brownian Motion (GBM) while the short rate have the Vasicek model. For the utility function of investors, we use the Power Utility Function, which commonly used in financial studies. The optimal portfolio and welfares are derived in the partial equilibrium. The parameters are estimated by using Kalman filter and ordinary least square method. Results: During the overall analysis period, the portfolio including ESG, did not show clear welfare improvement. In 2017, it has slightly exceeded this benchmark 1, showing the possibility of improvement, but the ESG stocks we selected have not strongly shown statistically significant welfare improvement results. This paper showed that the factors affecting optimal asset allocation and welfare improvement were different each other. We also found that the proportion of optimal asset allocation was affected by factors such as asset return, volatility, and inverse correlation between stocks and bonds, similar to traditional financial theory. Conclusion: The portfolio with ESG investment did not show significant results in welfare improvement is due to that 1) the KRX ESG Leaders 150 selected in our study is an index based on ESG integrated scores, which are designed to affect stability rather than profitability. And 2) Korea has a short history of ESG investment. During the limited analysis period, the performance of stock-related assets was inferior to bond assets at the time of the interest rate drop.

• Korean journal of applied entomology
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• v.13 no.1 s.18
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• pp.41-45
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• 1974

A total of 230 apparently healthy looking potato stocks and 80 potato stocks with symptoms of virus infection were collected from various seed potato farms in Korea and the incidence of potato virus X (PVX), potato virus S (PVS), potato virus M (PVM) and potato virus Y (PVY) was determined by serological microprecipitin tests. Results obtained are as follows. 1. Serological microprecipitin test retreated the presence of PVX, PVS, PVM and PVY in a number of potato stocks grown for the production of seed potatoes in Korea. 2. The occurrence of potato virus M is reported here for the first time in Korea with experimental evidence. 3. Practically $100\%$ (290 stocks, of the apparently healthy looking potato stocks were demonstrated to be infected with both PVX and PVS. The infection percentages of potato stocks with combination of PVX, PVS, PVM and PVY were as follows. PVX+PVS+PVM:$10.3\%$, PVX+PVS+PVY:$4.5\%$, PVX+PVS+PVM+PVY:$1.03\%$ 4. Irish Cobbler and Shimabara, which are the two major potato varieties in Korea, appear to be symptomless carriers of PVX and PVS. However, when these varieties were infected additionally with PVY, usually severe symptoms resulted. 5. Serological microprecipitin technique appears to be highly suitable for early, quick and reliable diagnosis of PVX, PVS PVM and PVY. It is particularly suited for large scale testing of seed potato stocks for the presence of viruses mentioned above.

• Journal of the Korean association of regional geographers
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• v.20 no.2
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• pp.206-216
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• 2014

In this study, forest types in Chungheongnam-do were analyzed using Landsat satellite images and digital forest type map as a means to estimate forest carbon stocks. NDVI and Tasseled Cap, ISODATA, and supervised classification among others were used to analyze the forest types. The forest carbon stocks of Chungcheongnam-do were estimated utilizing forest statistical data derived from the classified results. The results indicate that the analysis of forest types through supervised classification yielded the highest overall accuracy in analyzing forest types using satellite images. Coniferous forests(49.3%) accounted for the highest proportion in all the forest types of Chungcheongnam-do, followed by deciduous forests(28.0%) and mixed forests(22.7%). The results of a comparative analysis between forest carbon stocks estimates made using the modified digital forest type map and other estimation methods showed that the method using Tasseled Cap and unsupervised classification yielded the most similar forest carbon stock estimates. The most significant difference, though, was made when only the digital forest type map was used. It is expected that if carbon stocks are estimated by integrating satellite images and digital forest type maps in the future, more accurate results can be derived in estimating forest carbon stocks at a national level.

• Journal of the Korea Society of Computer and Information
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• v.15 no.1
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• pp.207-217
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• 2010

It is taken a violent fall of the international stocks market that was an American Subprime Mortgage Situation. The loss rate of individual investor judged than foreigner and institution by bigger thing. Therefore, further scientific and mechanical investment is needed at the stock investment using Internet HTS. This dissertation is stocks profit rate analysis which uses individual engine foreigner Knowledge Base HTS at the Bear Period the Bear Wave Period the Bull Period the Bull Wave Period. Knowledge Based e-friend HTS was Installed. HTS does composite stock exchange index in actuality stock trading and engine's fund earning rate, yield that is abroad comparative analysis using trend line that is HTS tool, MACD, Bollinger Bands, Stochastic slow's function. Usually, each subjects suppose that deal 5 stocks, and comparative study of the profit(loss)rate of the down to earth falling rate and rising rate, by comparing the earning rate of 5 Small capital stocks with 5 medium capital stocks and 5 Large capital stocks during the bear period, the bear wave period, the bull period, the bull wave period has meaning at the making research of the financial IT field.

• Laboraroty Animal Research
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• v.34 no.4
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• pp.317-328
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• 2018

Cognitive impairment responses are important research topics in the study of degenerative brain diseases as well as in understanding of human mental activities. To compare response to scopolamine (SPL)-induced cognitive impairment, we measured altered parameters for learning and memory ability, inflammatory response, oxidative stress, cholinergic dysfunction and neuronal cell damages, in Korl:ICR stock and two commercial breeder stocks (A:ICR and B:ICR) after relevant SPL exposure. In the water maze test, Korl:ICR showed no significant difference in SPL-induced learning and memory impairment compared to the two different ICRs, although escape latency was increased after SPL exposure. Although behavioral assessment using the manual avoidance test revealed reduced latency in all ICR mice after SPL treatment as compared to Vehicle, no differences were observed between the three ICR stocks. To determine cholinergic dysfunction induction by SPL exposure, activity of acetylcholinesterase (AChE) assessed in the three ICR stocks revealed no difference of acetylcholinesterase activity. Furthermore, low levels of superoxide dismutase (SOD) activity and high levels of inflammatory cytokines in SPL-treated group were maintained in all three ICR stocks, although some variations were observed between the SPL-treated groups. Neuronal cell damages induced by SPL showed similar response in all three ICR stocks, as assessed by terminal deoxynucleotidyl transferase dUTP nick end labeling (TUNEL) assay, Nissl staining analysis and expression analyses of apoptosis-related proteins. Thus, the results of this study provide strong evidence that Korl:ICR is similar to the other two ICR. Stocks in response to learning and memory capacity.

• Journal of Korean Society of Forest Science
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• v.100 no.4
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• pp.708-714
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• 2011

Wood store carbon that the forest absorbed until burned or decomposed over a long period. Such materials are most used in houses except in paper and pulp, and the use of wood in houses play an important role in reducing green-house gases. Therefore, we estimated the amount of carbon stocks in Korean houses, and analyzed how much contribution such stocks offers to green-house gas reduction. As the result, the carbon stocks amount of the wood products in Korean houses was 28.4 million $tCO_2$, which is 4.6% of the total annual green-house gas emission in Korea (620 million $tCO_2$ e), and 77.4% of forest sinks (LULUCF). Even though few wooden houses which use most wood in housing exist in Korea, the carbon stocks of wood products in houses in 2010 increased to 4.1 times that in 1975 (21.4 million $tCO_2$) because the carbon stocks increased due to apartment construction, which hit its stride from the last 1980's.

• Advanced Industrial SCIence
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• v.2 no.3
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• pp.22-28
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• 2023

In this study, we conducted research on the automated trading of U.S. stocks through a volatility strategy using the Fear and Greed index. Volatility in the stock market is a common phenomenon that can lead to fluctuations in stock prices. Investors can capitalize on this volatility by implementing a strategy based on it, involving the buying and selling of stocks based on their expected level of volatility. The goal of this thesis is to investigate the effectiveness of the volatility strategy in generating profits in the stock market.This study employs a quantitative research methodology using secondary data from the stock market. The dataset comprises daily stock prices and daily volatility measures for the S&P 500 index stocks. Over a five-year period spanning from 2016 to 2020, the stocks were listed on the New York Stock Exchange (NYSE). The strategy involves purchasing stocks from the low volatility group and selling stocks from the high volatility group. The results indicate that the volatility strategy yields positive returns, with an average annual return of 9.2%, compared to the benchmark return of 7.5% for the sample period. Furthermore, the findings demonstrate that the strategy outperforms the benchmark return in four out of the five years within the sample period. Particularly noteworthy is the strategy's performance during periods of high market volatility, such as the COVID-19 pandemic in 2020, where it generated a return of 14.6%, as opposed to the benchmark return of 5.5%.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.2626-2631
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• 2011

In recent carbody design of rolling stocks, the development of a new carbody structure rather than designing the carbody structure by applying a proven new way to design the carbody structure has been applied. Structural requirements of the carbody being equal, the same applies to the carbody structure means that it is possible to design a carbody structure. By kinematic envelope & speed and the environment, etc., the carbody design is in progress. Accordingly, if all conditions are the same as the existing carbody structure by the same criteria is that you can go get the same. Rather than developing a new carbody structure, carbody structure by applying proven that safety is secured is made possible. Proven standard model of the carbody structure of rolling stocks to secure a new carbody design has made it possible to apply. In addition, the size of the different carbody but structural requirements are the same body design is easier to be expected. In this paper, a model standard carbody of rolling stocks is chosen and of a new carbody design that can be applied to the carbody design will attempt to demonstrate the case.

• Journal of Korea Technical Association of The Pulp and Paper Industry
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• v.38 no.1 s.113
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• pp.16-20
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• 2006

The effect of the freeness of pulp slurries on turbidity and transmittance of papermaking stocks was investigated using beaten bleached hardwood pulp stocks with freeness ranging from 651 mL to 403 mL CSF. Also the influence of fiber length on the turbidity and transmittance was examined with fractionated pulp stocks. Increases in stock consistency increased the turbidity. Transmittance of stock samples decreased, however, with the increase of stock consistency. Second order equations and exponential equations have been obtained as regression equations for the turbidity and transmittance of these stock samples, respectively.

• Journal of Fisheries and Marine Sciences Education
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• v.22 no.3
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• pp.388-401
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• 2010

This research aims at analyzing impacts of climate change on fisheries. Climate change is an additional pressure on top of the many which fish stocks already experience. This implies that the impact of climate change must be evaluated in the context of other anthropogenic pressures, which often have a much greater and more immediate effect. Conversely, it is evident that fish stocks will be more resilient to climate impacts if the stresses due to other factors, such as over-fishing and pollution, are minimized. Improved management of fisheries and of marine ecosystems can undoubtedly play an important role in adapting to the impacts of climate change. Most of the improvements which are needed do not require new science or understanding, they require patient development of acceptable, effective, responsive social institutions and instruments for achieving adaptive management. Management advices must include complete and transparent information on risks and uncertainties which arise from data quality and from structural deficiencies in the assessment models. Well-designed and reliable monitoring of fish stocks and the marine ecosystem is essential in order to detect changes and give warning in advance of alterations in the productivity of individual species and of the structure and functioning of the ecosystem and fishery economy on which they depend.