• Journal of Korea Trade
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• v.27 no.5
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• pp.167-198
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• 2023

Purpose - This paper aims to compare and analyze the co-movements and information spillover effects between the international commodity futures markets and the South Korean stock markets during the COVID-19 and the 2008 financial crises. Design/methodology - The DCC-GARCH model is used in the co-movements analysis. In contrast, the BEKK-GARCH model is used to evaluate information spillover effects. The statistical data used is from January 1, 2005, to December 31, 2022. It comprises the Korea Composite Stock Price Index data and daily international commodity futures prices of natural gas, West Texas Intermediate crude oil, gold, silver, copper, nickel, soybean, and wheat. Findings - The results of the co-movement analysis were as follows: First, it was shown that the co-movements between the international commodity futures markets and the South Korean stock markets were temporarily strengthened when the COVID-19 and 2008 financial crises occurred. Second, the South Korean stock markets were shown to have high correlations with the copper, nickel, and crude oil futures markets. The results of the information spillover effects analysis are as follows: First, before the 2008 financial crisis, four commodity futures markets (natural gas, gold, copper, and wheat) were shown to be in two-way leading relationships with the South Korean stock markets. In contrast, seven commodity futures markets, except for the natural gas futures market, were shown to be in two-way leading relationships with the South Korean stock markets after the financial crisis. Second, before the COVID-19 crisis, most international commodity futures markets, excluding natural gas and crude oil future markets, were shown to have led the South Korean stock markets in one direction. Third, it was revealed that after the COVID-19 crisis, the connections between the South Korean stock markets and the international commodity futures markets, except for natural gas, crude oil, and gold, were completely severed. Originality/value - Useful information for portfolio strategy establishment can be provided to investors through the results of this study. In addition, it is judged that financial policy authorities can utilize the results as data for efficient regulation of the financial market and policy establishment.

• Steel and Composite Structures
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• v.50 no.1
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• pp.107-122
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• 2024

Following an internal column failure, adjacent double-span beams above the failed column will play a critical role in the load transfer and internal force redistribution within the remaining structure, and the span-to-depth ratios of double-span beams significantly influence the structural resistance capacity against progressive collapse. Most existing studies have focused on the collapse-resistant performances of single-story symmetric structures, whereas limited published works are available on the collapse resistances of multi-story steel frames with unequal spans. To this end, in this study, numerical models based on shell elements were employed to investigate the structural behavior of multi-story steel frames with unequal spans. The simulation models were validated using the previous experimental results obtained for single- and two-story steel frames, and the load-displacement responses and internal force development of unequal-span three-story steel frames under three cases were comprehensively analyzed. In addition, the specific contributions of the different mechanism resistances of unequal-span, double-span beams of each story were separated quantitatively using the energy equilibrium theory, with an aim to gain a deeper level of understanding of the load-resistance mechanisms in the unequal-span steel frames. The results showed that the axial and flexural mechanism resistances were determined by the span ratio and linear stiffness ratio of double-span beams, respectively.

• Journal of Korean Society of Steel Construction
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• v.17 no.3 s.76
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• pp.325-335
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• 2005

This study tackles the development of an improved detail of partially restrained CFT square column-to-beam connection and the evaluation of its mechanical behavior under monotonic loading. The connection is designed to strengthen shearing capacity at the bottom of the connection due to the ultimate behavior of PR-CC by its detail of the bottom connection and simplify the fabrication process. The suggested connection is the welded bottom beam flange connection(M-2) and is compared with the existing PR-CC of bolted seat angle connection(M-1). Two specimens were fabricated in actual size and tested under monotonic loading. Based on the test results, the welded bottom beam flange connection exhibited about 85% of the stiffness of steel beam. It was similar to the bolted seat angle connection and behaved as PR-CC. The specimen of the supposed connection type failed at the shear connection of web but was similar to the bolted seat angle connection until the failure. It obtained sufficient stiffness and capacity through the reinforcingsteel and the capacity and deformational ability equivalent to the full-plastic moment through the anchor inside the steel tube at the web connection. So, it can be said that the suggested connection exhibits sufficient ductile behavior.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.33 no.4
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• pp.263-270
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• 2020

This study evaluates the structural behavior of connected long-span beams applied for excavation in urban areas with a narrow street. Generally, the reliability of the connection is reduced owing to the defect of the upper flange in the connection. An improved connection part was developed to complement the defects in the connected long-span beam. A finite element analysis based on a commercial program, ABAQUS, was employed to evaluate the behavior of the improved connection part. A numerical analysis model was proposed to analyze the high-strength bolt connection and the composite behavior of steel and concrete applied to the improved connection. The suitability of the proposed numerical analysis was verified by comparing the experimental and numerical analysis results of the references. Using the proposed numerical analysis method, the improved and general connections were analyzed and compared with each other. The stress distribution and elastic-plastic behavior of the long-span beam were analyzed numerically. The analysis confirmed that 25% of the compressive stress was improved, resulting in the improvement of structural safety and performance.

• Journal of the Korea institute for structural maintenance and inspection
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• v.19 no.5
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• pp.56-66
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• 2015

This study aims at developing a new seismic resistant method by using precast concrete wall panels for existing low-rise, reinforced concrete beam-column buildings such as school buildings. Three quasi-static hysteresis loading tests were performed on one unreinforced beam-column specimen and two reinforced specimens with U-type precast wall panels. Seismic resistant test of anchored and welded steel plate connections manifested an average of 2.8 times increase in the maximum loading (average 591.8 kN) in comparison to unreinforced beam-column specimen. The maximum drift ratios were also shown between 1.4% and 2.7%. An analytical study was performed while assuming the RC column on the right side and the vertical element of the reinforced PC panel to behave in completely composite manner and the RC column on the left side and PC panel to behave in completely non-composite manner when loading was exerted from upper right end of RC frame of specimen to its left side. It was found with the assumptions that the overall flexural behavior in principle agreed with the experimental result.

• Journal of Korean Society of Steel Construction
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• v.15 no.6 s.67
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• pp.683-691
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• 2003

Recently, the steel has been increaseingly used as an integrated part of high-rise buildings, which often composed of steel structures, steel reinforced concrete structures and composite structures. The steel base is designed to transfer the stresses induced from steel column to the reinforced concrete footing through the base plate. However, in the design of steel structures and steel reinforced concrete structure, it is generally difficult to evaluate the bearing strength of the steel base subjected to large axial force. Furthermore, the material used in steel base is quite different from those used in other connections and a load transferring mechanism of steel base is very complicated in nature. Therefore, a special attention must be placed in design and construction of steel base. In generally, the bearing strength test and research of the steel base subjected to concentrated load are carried out. But, in the design of the structures, uniaxial eccentric load is loaded to the steel base of the steel structures. In this research, the bearing strength and the me of failure considering eccentric loads and eccentric length, were experimented when eccentric load is loaded to the steel base of steel structures. Based on the test results, a basic design reference is suggested for a reasonable design of steel structures, steel reinforced concrete structures and composite structures.

• Journal of the Korea institute for structural maintenance and inspection
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• v.26 no.1
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• pp.73-80
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• 2022

In this study, details of NRC beam-column connections were developed in which beam and columns pre-assembled in factories using steel angles were bolted on site. The developed joint details are NRC-J type and NRC-JD type. NRC-J type is a method of tensile joining with TS bolts to the side and lower surfaces of the side plate of the NRC column and the end plate of the NRC beam. NRC-JD type has a rigid joint with high-strength bolts between the NRC beam and the side of the NRC column for shear, and with lap splices of reinforcing bar penetrating the joint and the beam main reinforcement for bending. For the seismic performance evaluation of the joint, three specimens were tested: an NRC-J specimen and NRC-JD specimen with NRC beam-column joint details, and an RC-J specimen with RC beam-column joint detail. As a result of the repeated lateral load test, the final failure mode of all specimens was the bending fracture of the beam at the beam-column interface. Compared to the RC-J specimen, the maximum strength of the specimen by the positive force was 10.1% and 29.6% higher in the NRC-J specimen and the NRC-JD specimen, respectively. Both NRC joint details were evaluated to secure ductility of 0.03 rad or more, the minimum total inter-story displacement angle required for the composite intermediate moment frame according to the KDS standard (KDS 41 31 00). At the slope by relative storey displacemet of 5.7%, the NRC-J specimen and the NRC-JD specimen had about 34.8% and 61.1% greater cumulative energy dissipation capacity than the RC specimen. The experimental strength of the NRC beam-column connection was evaluated to be 30% to 53% greater than the theoretical strength according to the KDS standard formula, and the standard formula evaluated the joint performance as a safety side.

• Journal of Korean Society of Steel Construction
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• v.23 no.4
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• pp.503-514
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• 2011

In this research, the seismic connection details for two concrete-filled U-shape steel beam-to-H columns were proposed and cyclically tested under a full-scale cruciform configuration. The key connecting components included the U-shape steel section (450 and 550 mm deep for specimens A and B, respectively), a concrete floor slab with a ribbed deck (165 mm deep for both specimens), welded couplers and rebars for negative moment transfer, and shear studs for full composite action and strengthening plates. Considering the unique constructional nature of the proposed connection, the critical limit states, such as the weld fracture, anchorage failure of the welded coupler, local buckling, concrete crushing, and rebar buckling, were carefully addressed in the specimen design. The test results showed that the connection details and design methods proposed in this study can well control the critical limit states mentioned above. Especially, the proposed connection according to the strengthening strategy successfully pushed the plastic hinge to the tip of the strengthened zone, as intended in the design, and was very effective in protecting the more vulnerable beam-to-column welded joint. The maximum story drift capacities of 6.0 and 6.8% radians were achieved in specimens A and B, respectively, thus far exceeding the minimumlimit of 4% radians required of special moment frames. Low-cycle fatigue fracture across the beam bottom flange at a 6% drift level was the final failure mode of specimen A. Specimen B failed through the fracture of the top splice plate of the bolted splice at a very high drift ratio of 8.0% radian.

• Journal of the Korean Society for Nondestructive Testing
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• v.29 no.4
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• pp.323-330
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• 2009

The objective of this research was to develop a practical integrated approach using extracted features from electrical resistance measurements and coupled electromechanical models of damage, for in-situ damage detection and sensing in carbon fiber reinforced plastic(CFRP) composites. To achieve this objective, we introduced specific known damage (in terms of type, size, and location) into CFRP laminates and established quantitative relationships with the electrical resistance measurements. For processing of numerous measurement data, an autonomous data acquisition system was devised. We also established a specimen preparation procedure and a method for electrode setup. Coupon and panel CFRP laminate specimens with several known damage were tested. Coupon specimens with various sizes of artificial delaminations obtained by inserting Teflon film were manufactured and the resistance was measured. The measurement results showed that increase of delamination size led to increase of resistance implying that it is possible to sense the existence and size of delamination. A quasi-isotropic panel was manufactured and electrical resistance was measured. Then three different sizes of holes were drilled at a chosen location. The panel was prepared using the established procedures with six electrode connections on each side making a total of twenty-four electrodes. Vertical, horizontal, and diagonal pairs of electrodes were chosen and the resistance was measured. The measurement results showed the possibility of the established measurement system for an in-situ damage detection method for CFRP composite structures.

• Journal of the Korea Concrete Institute
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• v.25 no.6
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• pp.631-639
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• 2013

Non-linear finite element analysis for newly developed precast concrete details for beam-to-column connection which can be used in moderate seismic region was carried out in this study. Developed precast system is based on composite structure and which have steel tube in column and steel plate in beam. Improving cracking strength of joint under reversed cyclic loading, joint area was casted with ECC (Engineering Cementitious Composites). Since this newly developed precast system have complex sectional properties and newly developed material, new analysis method should be developed. Using embedded elements and models of non-linear finite element analysis program ABAQUS previously tested specimens were successfully analyzed. Analysis results show comparatively accurate and conservative prediction. Using finite element model, effect of axial load magnitude and flexural strength ratio were investigated. Developed connection have optimized performance under axial load of 10~20% of compressive strength of column. Plastic hinge was successfully developed with flexural strength ratio greater than 1.2.