• Journal of Korea Trade
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• v.25 no.3
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• pp.1-20
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• 2021

Purpose - The purpose of this paper is to examine the welfare effects of standards harmonization between technologically asymmetric countries, and to determine optimal harmonization strategies for a country with mid-level technological advancement. Design/methodology - Following Salop's circular city model (Salop, 1979), this study constructs a simple, horizontally-differentiated oligopoly model in which three firms and three countries exist. Each country adopts different compatibility standards and each firm incurs conversion costs for foreign market access due to differences in standards. The conversion costs are related to technology; standards harmonization removes these costs between participating countries. The paper considers three cases: i) no harmonization; ii) harmonization with the more technologically-advanced country and iii) harmonization with the less technologically-advanced country. Findings - The paper first considers a scenario in which all three firms occupy some share of the market in each country. It shows that standards harmonization with both the technologically moreor less-advanced country always increases consumer surplus and social welfare. In addition, the producer surplus will increase if the harmonization partner has a higher technology level, whereas it may decrease if the partner has a lower technology level. It also shows that if most domestic export goods are in sectors with conversion costs above a certain level, harmonizing standards with a technologically more-advanced country should be prioritized. Such strategies, moreover, should be emphasized when there exists a large technology gap among countries. Lastly, the paper considers another scenario, in which harmonization leads to the foreclosure of the non-member firm from the member countries' markets. It shows that harmonization improves the social welfare of a mid-level technology country regardless of its partner's technology. It also shows that the country should prioritize harmonization with the technologically less-advanced country. Originality/value - Though some of the existing studies consider the welfare effects of harmonization, their main assumption is that firms have the same conversion technology. Since complying with standards often requires substantial technological advancement and technical expertise, harmonization of compatibility standards between countries with gaps in technological ability carries different implications. This paper investigates the welfare effects of this harmonization and determines an optimal harmonization strategy while considering technological asymmetry among countries in standards compliance.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.32 no.3
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• pp.170-179
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• 2020

Tidal asymmetry would occur owing to shallow water tides at the Western Coast of macro tidal area. Especially, as ebb dominance of Mokpo coastal zone is known as the most prominent in Korea, it had been studied by domestic researchers. The cause of ebb dominance in Mokpo area is considered due to extensive inter-tidal zone in Muan Bay, and this has been studied based on amplification ratio, relative phase and skewness of tide/tidal flow curves in order to analyze qualitative tidal asymmetry. Furthermore, it was possible to figure out tidal characteristics with the difference of tidal amplitude and phase with Mokpo Harbor by observing the tide for 15 days in Muan Bay, which showed 40 minutes shorter ebbing time than at Mokpo Harbor. In addition, tidal flow prediction data in Mokpo North Harbor and Mokpo-Gu were analyzed. Meanwhile, the basis regarding qualitative interpretation of bed sediment and suspended sediment was provided by examining the qualitative changes in tidal asymmetry for spring-neap tidal cycle through the PCA/SWA indices. In addition, by examining long-term changes of ebb dominance in Mokpo Port, tidal characteristics of the past, present and future in this area, which is related to tidal asymmetry, is also provided.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.5
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• pp.557-565
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• 2016

The risk of collapse in hydraulic structures has become more elevated, due to the increased probability and scale of flooding caused by global warming and the resulting abnormal climatic conditions. When a levee, a typical hydraulic structure, breaks, an enormous breach flow pours into the floodplain and much flood damage then occurs. It is important to accurately calculate the breach discharge in order to predict this damage. In this study, the variation of the breach discharge with the asymmetry in the cross-section of the levee breach was analyzed. Through hydraulic experiments, the cross-section of the breach was analyzed during the collapse using the BASD (Bilateral ASymmetry Degree), which was developed to measure the degree of asymmetry. The relationship of the breach discharge was identified using the BASD. Additionally, the variation of the breach flow measured by the BASD was investigated through a 3-D numerical analysis under the same flow conditions as those in the experiment. It was found that the assumption of a rectangular breach cross-section, which is generally used for the estimation of the inundation area, can cause the breach discharge to be overestimated. According to the BASD, the breach flow is decreased by the interference effect in the breach section of the levee. If the breach flow is calculated while considering the BASD in the numerical analysis of the flooding, it is expected that the predicted inundation area can be estimated accurately.

• 제어로봇시스템학회:학술대회논문집
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• 1996.10a
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• pp.434-437
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• 1996

Symmetry is one of the important structural properties of shapes both in perceptual psychology and in computer vision. Recently, a number of automatic symmetry finding algorithms have been reported. Among them, the algorithm based on the use of principal axes of objects is the most general and practical. It is, however, of no use when shapes concerned have some asymmetry. Asymmetric shapes which make us associate with certain kinds of symmetry are practically important and they are called shapes with potential symmetry in this paper. The algorithm we have already proposed can cope with those shapes having potential axial symmetry. The algorithm employs a reflected image of the original and a certain evaluation function. In the former paper, areal minimization was employed for the evaluation function and it yielded satisfactory experimental results. However, it could not cope with those shapes which have larger asymmetry. In this paper, we propose the employment of variance as an alternative evaluation index with respect to the difference image between the reflected and the original shape. The technique is examined its performance by real video images as well as synthetic data. Experimental results are shown and discussion is given.

• 제어로봇시스템학회:학술대회논문집
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• 2003.10a
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• pp.1990-1993
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• 2003

In this paper, we propose a technique for automatic spinal deformity detection from $moir\acute{e}$ topographic images. Normally the $moir\acute{e}$ stripes show symmetry as a human body is almost symmetric. According to the progress of the deformity of a spine, asymmetry becomes larger. Numerical representation of the degree of asymmetry is therefore useful in evaluating the deformity. First, displacement of local centroids and difference of gray values are evaluated statistically between the left- and the right-hand side regions of the $moir\acute{e}$ images with respect to the extracted middle line. We classify the moire images into two categories i.e., normal and abnormal cases from the features, employing discriminant analysis. An experiment was performed employing 1,200 $moir\acute{e}$ images and 85% of the images were classified correctly.

• Transactions of Materials Processing
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• v.28 no.6
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• pp.354-360
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• 2019

The plastic strain ratio is one of the factors that affect the deep drawability of metal sheets. The plastic strain ratio of fully annealed Cu sheet is low because its texture has {001}<100>. In order to improve the deep drawability of Cu sheet, it is necessary to increase the plastic strain ratio of Cu sheet. This study investigate the increase of plastic strain ratio of a Cu sheet after the first asymmetry rolling and annealing, and the second asymmetry rolling and annealing in air and Ar gas conditions. The average plastic strain ratio (R_m) was 0.951 and |ΔR| value was 1.27 in the initial Cu sheet. After the second 30.1% asymmetric rolling and annealing of Cu sheet at 1000℃ in air condition, the average plastic strain ratio (R_m) was 1.03 times higher. However, |ΔR| was 0.12 times lower than that of the initial specimen. After the second 18.8% asymmetric rolling and annealing of Cu sheet at 630℃ in Ar gas condition, the average plastic strain ratio (R_m) was 1.68 times higher and |ΔR| was 0.82 times lower than that of the initial specimen. These results are attributed to the change of the texture of Cu sheet due to the different annealing conditions.

• The Journal of Society for e-Business Studies
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• v.27 no.1
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• pp.95-109
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• 2022

A blockchain based platform can ensure data integrity, reliability, and security by applying distributed processing and encryption technology for transaction records. In the existing knowledge sharing platform, the created knowledge could not be shared or utilized sufficiently due to information asymmetry and centralization. However little research has been done so far on this area. In this study, we will examine case studies and development potentials for blockchain based knowledge sharing platforms based on previous studies of blockchain technology, token economy, knowledge sharing, motivation theory, and social exchange theory. Blockchain based platforms can contribute to the activation of knowledge sharing, by resolving information asymmetry, simplifying unnecessary work procedures through unified knowledge sharing flow and excluded centralization of authority by decentralization, and strengthening access and utilization of the knowledge produced by the platform.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.19 no.4
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• pp.55-67
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• 2024

This study aims to identify signals that can predict the quality of startups aiming to be listed on Korea's KOSDAQ market. The startups are divided into two groups: those backed by venture capital, where a third party has addressed information asymmetry, and those not backed by venture capital. The study seeks to identify signals to help select good companies for each group. The study primarily focuses on underpricing, which strongly correlates with company quality. It aims to investigate the causal relationship between underpricing and independent variables such as underwriter reputation, institutional investor competition rate, locked-up share ratio, and extended lockup period. The empirical analysis shows that IPOs with high institutional investor subscription competition, IPOs of start-ups without VC backing matched with reputable lead managers, and IPOs with high lockup shares of start-ups with VC backing are significantly underpriced. This study provides a theoretical and logical basis for strategically choosing the level of underpricing, considering the circumstances of the firm going public, mainly whether it is VC-backed or not, and considering the effectiveness of other signals mentioned above. It also opens the door for further research by researchers in other regions to study institutional investors' subscription ratio as the pre-listing signal that can help address information asymmetry. From a policymaker's perspective, the disclosure of the above information can be considered to reduce information asymmetry for investors.

• 한국정보디스플레이학회:학술대회논문집
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• 2004.08a
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• pp.209-212
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• 2004

A navel fast-switching LCD with dual-domain bend (DDB) mode is described DDB alignment is achieved using antiparallel-rubbed cell filled with chiral-doped LC. Initial alignment is mono-domain 180-degree twist. Tilt direction is controlled by oblique electric field to be counter direction in each domain Twist-to-DDB deformation occurs continuously so that DDB mode does not require high-voltage initialization which is inevitable in Optically Compensated Bend (OCB) mode. DDB gives wide and symmetric viewing angle in contrast to mono-domain bend formed from 180-degree twist showing strong asymmetry.

• Asia-Pacific Journal of Business
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• v.11 no.2
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• pp.173-188
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• 2020

Purpose - This study examines the determinants of offer price and short-term and long-term performance of small and medium-sized enterprise(SME) IPO stocks listed on the KOSDAQ during the period from July 2007 to December 2016. Design/methodology/approach - The SME IPO samples are classified into three categories of regular listing, technology-based special listing, and listing by merger with special purpose acquisition company(SPAC), whose results are compared each other and compared to the result for the KOSDAQ listing of large firms. Findings - From the point of SME management which attempts to list its company on the KOSDAQ, the listing by merger with SPAC is the most unfavorable, and the underpricing phenomenon of the technology-based special listing is severe in the second place. By contrast, IPO stock investors can earn the largest abnormal return by purchasing the SPAC which succeeds the merger with unlisted firm, and the next abnormal returns are obtained in the order of the IPO stocks of technology-based special listing, regular listing of SMEs, and regular listing of large firms. However, it is interesting to observe that the net buying ratio of individual investors is relatively large for the IPO stocks of regular listing of SMEs and large firms, which exhibit the long-term under-performance. Research implications or Originality - This result implies that the exceptional listing system such as the technology-based special listing or the listing by merger with SPAC cost the SMEs which bypass the complicated procedure of the regular listing.